December 05, 2022 at 09:00PM The S&P 500 found resistance last week at a key spot, but is this a mere speed bump for bulls on the way to a Santa rally? Or are bears gearing up for another downside push?
USDJPY Attempts to Pull Out of Bear Wave as Retail FX Traders Flip Net Long
December 05, 2022 at 07:30PM The Dollar has enjoyed a broad bounce to start the week and USDJPY is one key pair that is seeing the turn work around major technical levels. There is technical precedence from earlier this year that suggests such a large jump can revive bulls – but is the prevailing trend still bullish?
US Dollar Price Action Setups: EUR/USD GBP/USD USD/CAD USD/JPY
December 05, 2022 at 06:08PM The US Dollar is starting the week with a bounce and the FOMC is in the blackout period ahead of the next rate decision.
S&P 500 Nasdaq Dow Jones: US Equity Futures Sink After Recent Gains
December 05, 2022 at 05:00PM S&P 500, Dow Jones and Nasdaq have lost ground after Friday’s NFP report and expectations of further rate hikes for longer supported the safe-haven Dollar, driving equities lower.
FTSE 100 and GBP/USD Approaching Important Zones Another Dollar Story?
December 05, 2022 at 04:30PM The FTSE 100 has gained 13% from the October lows, but can bulls further the move as an important resistance zone comes into the picture?
US Services PMI Data Surprises to the Upside Strong Q4 GDP in Sight
December 05, 2022 at 03:25PM America’s largest sector, the services sector achieved another expansion, rising on increased business activity and employment.
GBP/USD Catches its Breath as the Dollar and Risk Sentiment Remain the Driving Force
December 05, 2022 at 01:00PM Cable remains overextended against the greenback as we approach key resistance levels. The 1.2500 level should cap any further gains ahead of the FOMC and BoE meetings.
How Forex Traders Use ISM Data
December 05, 2022 at 12:30PM Forex traders closely watch ISM monthly manufacturing reports. Learn to trade using ISM data.
EUR/USD Price Forecast: Fewer Risk Events Favors EURUSD Rise
December 05, 2022 at 11:20AM EURUSD continues to grind higher as hopes of US peak inflation adds to USD selloff. The current move higher sees little in the way of economic data to reverse course
Gold Price Outlook – Looking to Build the Next Leg Higher?
December 05, 2022 at 09:30AM The precious metal tested and rejected a multi-month level of resistance but looks to make a fresh attempt in the coming days.