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Market Analysis

Oil Price Forecast: WTI Eyeing a Rebound After Slipping Below 200-Day MA
  • November 9, 2023

Oil Price Forecast: WTI Eyeing a Rebound After Slipping Below 200-Day MA

Oil prices may be eyeing a recovery despite the worsening global outlook and rising demand concerns. Will Bulls be able to drive a retest of the $80 a barrel mark?

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Gold, Silver Prices Perk Up, Palladium in Freefall, Key Levels for XAU/USD, XAG/USD
  • November 9, 2023

Gold, Silver Prices Perk Up, Palladium in Freefall, Key Levels for XAU/USD, XAG/USD

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

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EUR/USD Price Forecast: FED, ECB President to Facilitate a Move Toward 1.0800?
  • November 9, 2023

EUR/USD Price Forecast: FED, ECB President to Facilitate a Move Toward 1.0800?

EURO Bulls eye a return to the 1.0800 mark as price action looks promising. Will the ECB or FED President provide a catalyst or will it be a grind higher?

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Pound Update: Sterling Eases Ahead of UK GDP Report
  • November 9, 2023

Pound Update: Sterling Eases Ahead of UK GDP Report

Sterling has eased ahead of Q3 UK GDP data tomorrow and continues to exhibit few, if any, bullish drivers

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Bitcoin (BTC) Continues to Rally as Spot ETF Chatter Gets Louder
  • November 9, 2023

Bitcoin (BTC) Continues to Rally as Spot ETF Chatter Gets Louder

Bitcoin (BTC) is back at highs last seen in May 2022 as talk gets louder that a raft of Bitcoin Spot ETFs will be announced by the SEC over the next few days

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BoJ Moves Closer to Dismantling Negative Interest Rates
  • November 9, 2023

BoJ Moves Closer to Dismantling Negative Interest Rates

The BoJ meeting revealed that progress towards the inflation target and rising wage expectations have necessitated policy tweaks ahead of a withdrawal from negative rates

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Dow Stalls at Trendline Resistance, but Nasdaq 100 Edges up and Nikkei 225 Rallies
  • November 9, 2023

Dow Stalls at Trendline Resistance, but Nasdaq 100 Edges up and Nikkei 225 Rallies

After pulling back in recent sessions the Nikkei 225 has moved higher, while the Dow has reached trendline resistance and the Nasdaq 100 makes some tentative gains.

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Canadian Dollar Outlook: BoC Minutes Unable to Propel CAD Ahead of Powell
  • November 9, 2023

Canadian Dollar Outlook: BoC Minutes Unable to Propel CAD Ahead of Powell

CAD prices look hesitant despite an aggressive tone shown via the BoC summary of deliberations last night. USD/CAD preps for Fed speak at key resistance level.

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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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