USD/CAD Rally Gathers Steam Following Wedge Breakout
USD/CAD PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda Download the Updated Q1 2023 USD Forecast MOST READ: USDCAD Offers a More Direct Contrast on Rates Post-Fed USD/CAD FUNDAMENTAL OUTLOOK USD/CAD has continued its upside move today amid a strong follow through from the dollar index. The European session saw gains capped as WTI oil […]
Guide to using Advance BreakOut Scalper EA
Guide to using Advance BreakOut Scalper EA Source link
Expect A Dollar Breakout and Potentially a S&P 500 Trend Next Week with FOMC On Tap
S&P 500, US Dollar, FOMC, ECB and BOE Rate Decisions, Earnings and Growth Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The S&P 500 and Nasdaq 100 seemed to earn technical breaks in favor of a reversal of 2022’s bearish trend, but conviction was still in short supply […]
Nasdaq, S&P 500 Breakout with Earnings in Focus
Nasdaq, S&P 500 Talking Points: The Nasdaq and S&P 500 have both broken out to fresh monthly highs as earnings season heats up this week. Stocks broke out a couple of weeks ago after an abysmal PMI report and that bullish theme has largely continued since then. Markets are hopeful that slowing inflation and disappointing […]
WTI Oil Advances to the 100-Day MA; Breakout or Retracement Imminent?
KEY POINTS: Recommended by Zain Vawda Download Our Latest Q1 2023 Outlook Most Read: Markets Week Ahead: Dow Jones, Nasdaq 100, Canadian Dollar, BoC, AUD/USD, NZD/USD WTI FUNDAMENTAL OUTLOOK Crude Oil enjoyed a bounce following the European open this morning buoyed by a weaker dollar. The Asian session saw WTI struggle in the absence of […]
ECB vs Fed Continues Next Week, EUR/USD Seeks Breakout
EUR/USD ANALYSIS All eyes on U.S. economic data and ECB speak. Bullish impetus fading for euro? Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL FORECAST: MIXED Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The euro ended last […]
BTC/USD Bullish Breakout Drives Crypto Recovery
Bitcoin (BTC) Price Analysis: Bitcoin prices hold steady after 26% rally drives prices towards levels last tested before the collapse of FTX. BTC/USD gains after bulls break $20,000. Cryptocurrency market capitalization eagerly approaches $1 Trillion mark. Recommended by Tammy Da Costa Get Your Free Bitcoin Forecast Bitcoin (BTC/USD) Forecast: Bitcoin prices (BTC) have made an […]
Bullish breakout on the cards or have we seen the highs?
AUD/USD bulls in control but there is a case for both the bulls and bears at this juncture. A break through the 0.6880s opens risk to 0.7050 and 0.7090 while a break below 0.6950 opens risk of a move to 0.6870. It’s been a roller coaster of a ride to start the year and AUD/USD […]
MUFG thinks the EUR/CHF breakout has room to run
Go with the break is the message from MUFG Research’s first trade of the week for 2023. They suggest buying EUR/CHF from spot (reference 1.0045) with a target of 1.0470 and a stop at 0.9830. “We are recommending a new long EUR/CHF trade idea. Given the CHF’s role as a regional safe haven currency, the […]
Market braces for EURUSD breakout of 1.08 as risk of inflation easing grows in US
Cautious optimism remains in the currency markets regarding the idea that the signs of the US losing growth momentum will force the Fed to tap the breaks on monetary tightening and prepare markets for an easing cycle. Easing Covid policy in China is also supportive for market sentiment as investors price in a rising Chinese […]