Technical Analysis Adobe to report earnings for Q2 after the close. What is expected? 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 Posted onJune 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 Posted onJune 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 Posted onJune 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 Posted onJune 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 Posted onJune 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 Posted onJune 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 Posted onJune 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 Posted onJune 14, 2023 CAD fundamentals and technical analysis currently align towards further USD/CAD downside ahead of the FOMC announcement.
Market Outlook Euro Gains as the US Dollar Frets ahead of the Fed after Benign CPI. Higher EUR/USD? Posted onJune 14, 2023 The Euro retreated from its peak for the month today as markets digest the implication of US CPI ahead of the Federal Reserve meeting later. …
Trading Education The CPI and Forex: How CPI Data Affects Currency Prices Posted onJune 13, 2023 Find out how to use the Consumer Price Index to make informed trading decisions.