December 08, 2022 Crude oil prices are nearing a 10 percent loss this week, which would be the worst since March amid rising recession woes. WTI appears to be trading within a Falling Wedge chart pattern.
S&P 500 and USDJPY Abide Technical Ranges Even as Volatility and Recession Fears Grow
December 07, 2022 at 11:30PM The economic docket is thinning out, shifting the focus from imminent volatility catalysts to anticipation for the heavy fundamental seas next week. That may or may not chasten the recent rebound in VIX, but it is likely to bolster the weight of technical barriers from the likes of the S&P 500 and USDJPY.
Bitcoin Falling Wedge Ethereum Triangle: Continued Consolidation
December 07, 2022 at 09:05PM Bitcoin and Ethereum have been relatively calm given the headlines, with each market consolidating over the past few weeks.
Gold Builds Range But Fed Rate Decision and Recession Risk Adding Pressure
December 07, 2022 at 07:30PM The false break reversal from Gold after the short-lived rally above the 200-day moving average has itself run out of momentum quickly, with the commodity up 1.1 percent Wednesday. While the recently developed range is young, anticipation for next week’s FOMC decision could anchor the metal as readily as the Dollar and S&P 500.
Canadian Dollar Price Action Setups: USD/CAD CAD/JPY EUR/CAD
December 07, 2022 at 06:00PM The Canadian Dollar has been one of the weakest currencies in the world over the past few weeks and the Bank of Canada just took a dovish turn – can more CAD weakness be on the way?
Bank of Canada Hikes by 50 bps and Signals Potential end to Rate Hikes
December 07, 2022 at 03:30PM The BoC hiked by 50 basis points bringing the overnight rate to 4.25% and will consider if rates need to rise further, suggesting we may have seen the last hike
DAX Technical Outlook: German Equities Weighed Down by Bleak Outlook
December 07, 2022 at 01:40PM The German Dax is trading lower after bulls failed to rise above major Fibonacci resistance. As prices test technical support, a move lower could drive bearish momentum.
Major Forex Trading Sessions from Around the World
December 07, 2022 at 12:30PM All traders should know of the 3 major forex trading sessions which comprise the 24-hour market.
WTI Crude Oil Slumps to Fresh Yearly Low amid Recessionary Fears
December 07, 2022 at 11:23AM WTI continued its decline in European trade printing a new YTD low. Continued dollar strength and EIA data could result in further losses.
British Pound (GBP) Latest GBP/USD Steered by Renewed Dollar Strength
December 07, 2022 at 09:07AM The US dollar is pushing higher ahead of next week’s FOMC meeting, leaving a range of major currencies, including Sterling, struggling in its wake.