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Market Analysis

Australian Dollar Forecast: AUD/USD Extends Bearish Reversal in Fakeout Fallout
  • November 8, 2023

Australian Dollar Forecast: AUD/USD Extends Bearish Reversal in Fakeout Fallout

AUD/USD rallied strongly last week, clearing key resistance levels, but the breakout appears to have been a fakeout, as the move has led to a sharp bearish reversal.

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S&P 500, NAS 100 Runs into Resistance, Can the Rally Continue?
  • November 8, 2023

S&P 500, NAS 100 Runs into Resistance, Can the Rally Continue?

US Indices have run into resistance but with a spate of earnings after market close can the rally continue?

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Gold Price Forecast: $1950 Key Support Approaches as Bears Eye Further Downside
  • November 8, 2023

Gold Price Forecast: $1950 Key Support Approaches as Bears Eye Further Downside

Gold continued its struggle today as the $1950 support area beckons. Will the Bearish momentum continue?

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US Dollar Setups: EUR/USD Flat, USD/MXN and USD/CAD Shine in Risk-Off Setting
  • November 8, 2023

US Dollar Setups: EUR/USD Flat, USD/MXN and USD/CAD Shine in Risk-Off Setting

In this article, we’ll focus on EUR/USD, USD/MXN and USD/CAD from a technical perspective, taking into account price action dynamics and market sentiment.

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GBP Price Forecast: Pound Slips as BoE’s Bailey Hints at Peak Rates
  • November 8, 2023

GBP Price Forecast: Pound Slips as BoE’s Bailey Hints at Peak Rates

GBP prices softened as BoE Governor Bailey hinted at a possible peak in UK interest rates while markets keenly await Fed Chair Jerome Powell and other Fed speakers.

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Japanese Yen Latest: USD/JPY and EUR/JPY Probe Fresh Multi-Year Highs
  • November 8, 2023

Japanese Yen Latest: USD/JPY and EUR/JPY Probe Fresh Multi-Year Highs

The current risk-on sentiment dominating a range of financial markets is adding to structural Yen weakness, leaving JPY at risk against a range of other currencies.

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Oil Sell-off Intensifies, Seeing the Commodity Trade Below a Key Level
  • November 8, 2023

Oil Sell-off Intensifies, Seeing the Commodity Trade Below a Key Level

Oil hits 3-month low on rising inventory levels, global growth concerns and Chinese data that looked good on the surface but upon closer inspection is fraught with challenges

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FTSE 100, DAX 40 and S&P 500 Consolidate as they await Further News
  • November 8, 2023

FTSE 100, DAX 40 and S&P 500 Consolidate as they await Further News

Outlook on FTSE 100, DAX 40 and S&P 500 ahead of speeches by Fed Chair Jerome Powell today and tomorrow.

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EUR/USD Price Forecast: German Inflation Aggravates Euro Drawback
  • November 8, 2023

EUR/USD Price Forecast: German Inflation Aggravates Euro Drawback

Euro prices slumped in early European trade after German inflation fell sharply. EUR/USD now looks to Fed Chair Jerome Powell for guidance.

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Gold, Silver Price Forecast: XAU/USD & XAG/USD May Get Boost from Macro Trends
  • November 7, 2023

Gold, Silver Price Forecast: XAU/USD & XAG/USD May Get Boost from Macro Trends

This article examines the outlook for gold and silver for the coming days, analyzing the fundamental and technical factors that could guide the trajectory of these key precious metals.

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