December 06, 2022 at 10:45PM The markets carried over greater market activity this past session with the VIX clearing its two-month descending channel and the S&P 500 extending its slide; but systemic trends will still be difficult to form from here. Yet, that doesn’t preclude volatility in ranges like the Dollar-majors or from event risk like a BOC hike.
S&P 500 Nasdaq Dow: Key Support Zones Now in Play
December 06, 2022 at 09:05PM The high-flying Dow has pulled back to support at a prior swing-high, and the Nasdaq is brewing a double top formation.
USDCAD May Not Be the Most Responsive Loonie Cross to the BOC Decision
December 06, 2022 at 07:30PM The Bank of Canada rate decision is on tap for Wednesday, and there is debate around what the central bank intends to do with its policy. USDCAD will be a focus for many monitoring this higher profile event, but there are probably more volatile Loonie crosses to follow.
Gold Silver Price Forecast: Gold Snaps Back Silver Tests Key Support
December 06, 2022 at 04:30PM Precious metals put in a strong month of November but surprisingly, Silver has shown stronger bullish structure of late.
USD/ZAR Grinds Lower Strong GDP Data Dollar Weakness Lifts the Rand
December 06, 2022 at 03:30PM South African GDP beats estimates driving USD/ZAR back to a key level of technical support that could influence the short-term move.
Bank of Canada Preview: Market Positioning Offers up Short-Term Opportunity
December 06, 2022 at 01:45PM The BoC is due to raise rates by 25 or 50 basis points with market positioning square in the middle of the two outcomes. Positioning is likely to adjust on the outcome
USD/JPY Records its Largest Daily Gain Since Mid-June More Upside Ahead?
December 06, 2022 at 12:00PM USD/JPY consolidates following yesterday’s gains. Due to the lack of economic data any further moves are likely to be driven by the dollar index.
Euro (EUR/USD) Outlook Muted Ahead of ECB and Fed Policy Decisions
December 06, 2022 at 10:31AM With little data or events of note on the economic calendar today, traders will start looking ahead to next week’s FOMC and ECB all important policy decisions
GBP Update: Spirited Pound May be Losing Ascendency Against the USD
December 06, 2022 at 08:59AM GBP/USD is trading at key technical levels as the dollar finds support from U.S. economic data.
Crude Oil Ponders Course as Markets Fears the Return of the Fedi. Lower WTI?
December 06, 2022 at 06:00AM The Euro backed away from parity again after the US Dollar ascendency got back on track after the Federal Reserve got its message across loud and clear. Where to for EUR/USD?