S&P 500, Nasdaq 100 Price Action – Pushing Higher Against Market Wisdom
US equity markets are pushing marginally higher despite a stronger US dollar capping overall risk sentiment. Can equity markets continue to ignore the greenback Read More
EUR/USD Update: EURUSD at Decision Point as the ECB’s Doves Weigh in
The ECB’s well known doves Fabio Panetta and Chief Economist Philip Lane are due to speak today and EUR/USD drifts back towards support Read More
Crude Oil Price Forecast: Brent Finding its Footing on Revised Demand Outlook & Weaker USD
Brent crude oil prices are in for a rollercoaster trading day with multiple Fed speakers and some important US economic data programed throughout the day. Read More
GBP/USD Grinds Higher Following its Worst Day of Losses in 2 Weeks
GBP/USD remains vulnerable as bears eye a sustained break of the psychological 1.2000 level. Will hawkish rhetoric from Fed Policymakers give it a push? Read More
Euro Trapped in the Range as US Dollar Takes off Elsewhere. Where to for EUR/USD?
The Euro consolidated today after the US Dollar reclaimed the ascendency overnight as Treasury yields maintain lofty levels. The ECB is hawkish. Will it boost EUR/USD? Read More
Gold Prices Aim for Worst Month Since June 2021 as Retail Traders Boost Long Bets
Gold prices extended losses on Wednesday, with XAU/USD setting course for the worst month since June 2021. Retail traders boosted long bets, which is likely a further bearish sign. Read More
Great Fall of China: Population Decline Will Have Global Impact
China’s vast population is starting to fall, and the rate of decline could accelerate sharply in the years ahead. What will this mean for the global economy and markets? Read More
US Regulator Adopts Rules to Enforce Single-Day Securities Settlement
<p>The United States Securities and Exchange Commission (SEC) has finalized a change to its policy and now requires broker-dealer securities transactions to be settled within one business day (T+1). Currently, securities transactions are settled within two businesss days (T+2) after the trade is made. </p><p>However, the securities regulator in <a href=”https://www.sec.gov/news/press-release/2023-29″ target=”_blank” rel=”follow”>a statement</a> released on Wednesday announced that the […]
USDJPY Outlook Receives Bullish Charge on Break Higher
The Dollar earned a significant boost Wednesday which pushed USDJPY to a notable technical break above 133.00. Is this a break with follow through given the uneven fundamental backdrop? Read More
Dollar Breaks Higher While Dow Holds its Range: Which Move Metabolizes?
The Dollar earned a potential technical break higher while the Dow Jones Industrial Average seemed to fade back into its well-established range. Which of these moves is more likely to reflect the baseline for speculative conviction moving forward? Read More