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Asia Day Ahead: Lingering Market Doubts on Fed’s Hawkish Guidance

June 16, 2023

Wall Street looks set to deliver its fifth consecutive week of gains, pushing ahead with another round of stellar gains overnight.

Technical Analysis

USDCAD moves to a key swing area between 1.3207 and 1.3229

June 15, 2023

The USDCAD is down-testing a key support target between 1.3207 and 1.32299. Looking at the daily chart below, that level was a ceiling in July …

Technical Analysis

Adobe to report earnings for Q2 after the close. What is expected?

June 15, 2023

Adobe will release Q2 fiscal 2023 earnings after the close. The stock has been rising sharply recently as investor react to AI potential. Shares are …

Technical Analysis

NZDUSD retraces Asian/European declines and extends back above 100 day MA

June 15, 2023

The NZDUSD fell in the Asian and European sessions today, and in the process moved down to test a key support level defined by the …

Technical Analysis

EURUSD reaches the next target area

June 15, 2023

The EURUSD has extended to yet another new high end and the process is testing the next target swing area between 1.0933 and 1.0942. I …

Technical Analysis

US stocks are trading to new session highs. S&P above 4400

June 15, 2023

The major US stock indices are trading to new session highs as they react to weaker employment data and the thought that inflation will come …

Analyst Picks

Long EUR/USD Post Central Bank Meetings Pending a Pullback

June 15, 2023

Following two blockbuster Central Bank meetings and renewed forward guidance, Euro bulls appear to have the upper hand. Where to next for EURUSD?

Technical Analysis

AUDUSD rides the US dollars decline

June 15, 2023

The AUDUSD is riding the dollar’s declining trend today, and in the process has moved above the 50% midpoint of the 2023 trading range. That …

Technical Analysis

US dollar coming under pressure across the board

June 15, 2023

The USD dollar is coming under pressure across the board. The greenback is making new lows versus all the major currencies with the exception of …

Market Outlook

High-for-longer rate outlook as takeaway from FOMC meeting: Gold, Copper, US dollar

June 15, 2023

The conclusion of the June meeting has seen the Fed keeping rates on hold in a widely-anticipated move, but a high-for-longer rate outlook seems to …

Analyst Picks

USD/CAD Bears Drool Over Trendline Break

June 14, 2023

CAD fundamentals and technical analysis currently align towards further USD/CAD downside ahead of the FOMC announcement.