Technical Analysis The US dollar fell sharply last week before consolidating on Friday.What next technically? Posted onJuly 16, 2023 EURUSD: USDJPY: GBPUSD: USDCHF USDCAD: AUDUSD: This article was written by Greg Michalowski at www.forexlive.com. Source
Forecasts Renewed Weakness in US Dollar: EUR/USD, GBP/USD, USD/JPY Price Setups Posted onJuly 16, 2023 The US dollar’s fall to new multi-month lows against its peers coupled with the break below key support levels is a sign of renewed bearishness …
Forecasts US Crude Oil Weekly Forecast: Upbeat Market Looks To China GDP Posted onJuly 16, 2023 Crude oil prices have risen for a third straight week bolstered by a wide variety of support and this trend looks likely to continue. Source
Forecasts Gold Weekly Forecast: Breakout Fails to Kick on as Technicals Flash Mixed Signals Posted onJuly 15, 2023 Spot Gold attempted a slight recovery on Friday as the $1960 handle continues to hold firm. Can Gold prices finally kick on toward the coveted …
Forecasts S&P, Nasdaq Weekly Forecast: US Stocks Eye Further Upside as Q2 Earnings Get Underway Posted onJuly 15, 2023 US stocks enjoyed another prosperous week as US inflation surprised to the downside, sending the dollar sharply lower and stocks higher. Q2 Earnings up next …
Forecasts Australian Dollar Outlook: US Dollar Rout Boosts the Aussie Posted onJuly 14, 2023 The Australian Dollar got a spring in its step last week as the US Dollar tumbled following soft inflation readings. A new RBA Governor might …
Central Banks Bank of Canada’s Macklem: Our forecast has inflation moving around 3% most of next year Posted onJuly 14, 2023 BOC’s Macklem comments in a Globe and Mail article Inflation is going to be around 3% going forward Surprised by ongoing strength in demand in …
Technical Analysis WTI crude oil futures settle at $75.42 Posted onJuly 14, 2023 The The price of WTI crude futures is settling at $75.42. That’s it down $-1.47 or -1.91%. Although down nearly 2% today, the price this …
Technical Analysis The USDCHF made a break to the lowest level since January 2015 this week. That’s important Posted onJuly 14, 2023 The USDCHF broke sharply to the downside this week following the dollar’s move lower on the back of lower CPI and PPI. The prices of …
Technical Analysis AUDUSD comes off the boil and corrects lower today Posted onJuly 14, 2023 The AUDUSD is coming off of the boil that saw the price move sharply to the upside over the last few trading days. That move …
Technical Analysis USDCAD corrects to the upside toward the falling 100 hour MA. Posted onJuly 14, 2023 The USDCAD has bounced higher in trading today after reaching a new low going back to September 13. That low test today swing area between …