From the daily chart below, we can see that the price was trading in a bearish channel. The big decline since November was the result of the first deviation from expectations in the US...
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US equity futures slide ahead of the open. Intel plunges
I expect concerns about the Fed to weigh on sentiment ahead of the FOMC, and we may be seeing the beginnings of that now. SandP 500 futures are down 16 points, or 0. %....
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GBP/USD Forecast: Rallies after CPI Numbers
The question at this point is whether or not we continue to rise, but right now I’d say the odds are probably in the bulls’ favor. GBP/USD rose to , in Thursday’s trade following...
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GBP/USD Forecast: Sterling Plunges during the Thursday Session
Beyond that, the British Pound could be looking at a move to the 1.15 level, which is an area where we have a big, round, psychologically important number, and of course there was the...
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Dow Jones Forecast: Continues to Consolidate Ahead of Big Jobs Number
The general consensus is that there has been some hesitation in this market over the last two weeks as liquidity has been lost. After all, the market is on vacation and most traders were...
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USD/INR Forecast: Continues to Threaten Resistance
The US dollar should strengthen if there is fear, but if we start to see the Federal Reserve indicating that it may weaken, we will see this market lower. , USD/INR rallied slightly during...
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The bond market remains a major focus point towards the end of the week
Earlier in the week, end-of-month flows made it difficult to read market movements. Bonds were on offer in Europe before they strangely fell in US trade, but as it was sidelined by Fed Chair...
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AUDUSD SUPPORTED AROUND 0.6640S BELOW THE 100-DMA, TO RECORD MINIMAL WEEKLY LOSSES
The Australian dollar would end the week with a loss of 0.50 percent. , current home sales in the US fell sharply, although they were ignored as the US dollar remained strong. AUDUSD Price...
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AUD/USD Forex Signal: Aussie Outlook Ahead of RBA Decision
Bullish view Buy the AUD/USD pair and set a profit value of 0.6520. Add stop loss to 0.6300. Timescale: 1-2 days. Low view Place sell stop at 0.6365 and take profit at 0.6250. Add...
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EUR/USD Forecast: Plunges After Interest Rate Hike
If you look at the two candlesticks, they have fallen a bit over the last 8 hours, but we need some momentum to start again in the short. EUR / USD was quite negative...
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