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WTI Crude Oil Forecast: Rejected at Resistance but Bullish Structure Remains
Oil prices have been very range-bound over the past few months but breakout potential remains as WTI has built an ascending triangle inside of the recent range.
U.S. Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY
The U.S. Dollar continued to pull back this week and that helped to buoy EUR/USD and GBP/USD with each showing some dynamic with the 200-day moving average. For next week, the focus is back on inflation with the Thursday release of Core PCE data.
S&P 500 Jumps After NVDA Earnings, Nasdaq Erases Pullback: Now What?
The S&P 500 is practically parabolic as mania-like conditions continue to drive AI-related stocks. But these moves can be surprisingly difficult to work with and ‘hope’ is generally a terrible strategy.
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U.S. Dollar Price Action (Webinar): EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)
The U.S. Dollar retains bullish trend capacity and there’s another spot of support just below recent lows at the 200-day moving average. European inflation is the next major data point on the horizon for FX markets.
Euro Price Outlook: EUR/USD Re-Tests 200-DMA at Two-Week-High
EUR/USD bears were stifled at fresh three-month lows last week, and now the pair has pulled back for a re-test of its 200-day moving average.
Gold Price Forecast: XAU/USD Bulls Respond to First 2024 Test Below $2k
Gold has been resilient so far in 2024 even as USD strength re-appeared. The big question now is whether bulls can find a more favorable outcome on tests of resistance at $2,032 or $2,050.
Nasdaq Rallies, USD Pulls Back After 'Flipped Out' Comment
Inflation remains high in the U.S. economy, but equity bulls seem undeterred, helped along by a continued dovish stance from Fed officials despite fears of inflation entrenchment.
Euro Price Outlook: EUR/USD Breakdown Pulls Back as USD Holds 105
Euro bears have been persistent so far this year, but they’ve also shown a degree of hesitancy on tests of fresh lows as the longer-term range remains in-play.
U.S. Dollar Price Action Webinar: DXY, Gold, Bitcoin, FX Majors
The U.S. Dollar set another fresh high yesterday, extending the bullish structure that’s priced in so far this year.
U.S. Dollar Post-CPI: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)
The U.S. Dollar broke out and set another fresh 2024 high this morning as the currency continues to claw back Q4 losses.
Canadian Dollar Technical Forecast: USD/CAD, CAD/JPY
USD/CAD continues to hold a range inside of a range, but CAD/JPY is bristling at resistance after having set a fresh 16-year high last week.
Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY
Yen weakness has come rushing back in early-2024 trade, but U.S. and U.K. CPI could provide a jolt to FX trends in USD and GBP, which could produce some change in both USD/JPY and GBP/JPY.
3 Ways to Use Moving Averages in a Trading Strategy
While most traders learning technical analysis quickly move on from moving averages, the utilitarian indicator can bring multiple venues of value to a trader’s market analysis.
XAU/USD Price Forecast: Gold Holds at Multi-Year Range Resistance
The USD pushed its strongest two-day rally in a year, yet gold prices have held higher-low support above the $2k psychological level.
U.S. Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)
The U.S. Dollar has woken up after the NFP report and that’s led to the strongest two-day rally in DXY in a year. But can bulls continue to drive with EUR/USD bears pushing to fresh lows?
S&P 500, Nasdaq, Dow Jones Weekly Forecast: SPX 5k, It's All So Meta
Stocks continued to rip this week even after a less-dovish Powell appeared at the FOMC rate decision on Wednesday.
Yield Curve Inversion: What it is, Why it Matters
What happens when one of the most important markets in the world shows distortion? Well, it might be driven by the prospect of opportunity…
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Euro Price Outlook: EUR/USD Wedge In-Play, Back Above 200-DMA
EUR/USD bears had their chance, but they couldn’t continue the break. Now bulls are back-in the equation and threating to push out of a falling wedge formation.
Pre-FOMC USD Price Action Setups: EUR/USD, USD/JPY, GBP/USD, XAU/USD (Gold)
The US Dollar has held resistance at the 200-day moving average for two weeks now, and the January FOMC rate decision is on deck for tomorrow, followed by the Friday release of Non-farm Payrolls (NFP).
USDJPY, U.S. Rates on Watch as We Begin Busy Week for U.S. Markets
Wednesday brings the first FOMC rate decision of 2024 along with the U.S. Treasury departments Quarterly Refunding Announcement. And then Friday brings NFP so the week will remain busy for FX markets, and probably Treasury markets, too.
US Dollar into FOMC, NFP and the QRA: EUR/USD, USD/JPY, XAU/USD (Gold)
Next week is big for the U.S. Dollar, with both the Fed and NFP; but it’s the Treasury Department’s Quarterly Refunding Announcement (QRA) that could steal the show as this has become a major market driver of late.
Canadian Dollar Technical Forecast: USD/CAD, CAD/JPY
USD/CAD is testing the 200-day moving average again, but this time as support; and CAD/JPY has begun to re-test a massive spot of resistance near 15-year highs.
The 200 Day Moving Average in Action Across FX Majors
The US Dollar has held resistance at the 200DMA for six of the past seven days, and EUR/USD has held its own after threatening a downside breakout yesterday. Now the major data and headline drivers will begin with the European Central Bank tomorrow morning.