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News
Canada is facing an extreme contraction in credit
Much of the Canadian economy has been fuelled by an expansion in credit -- especially housing credit -- in the past 20 years. With rates now at high ...more
European equity close: Modest moves with Spain leading the way
On the day:German DAX, +0.2%France CAC, -0.2%UK FTSE 100 flatSpain's Ibex +0.7%Italy's FTSE MIB, flatEuro STOXX -0.3%US equities are currently at the ...more
Gold Price Forecast: XAU/USD heading towards 2020 record high
Read more on https://www.fxstreet.com ...more
United States 52-Week Bill Auction dipped from previous 5.135% to 4.935%
Read more on https://www.fxstreet.com ...more
ECB's President Lagarde: Central bank to discuss QT in the “not too distant future”
Read more on https://www.fxstreet.com ...more
Ireland Retail Sales Fall 0.4% In October
Ireland's retail sales decreased for the sixth straight month in October, though at a slower pace, preliminary data from the Central Statistics Offic ...more
Forecasts
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 148.26; (P) 148.97; (R1) 149.40; More… Intraday bias in USD/JPY remains on the downside for the moment. Fall from 151.89 sho ...more
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.8790; (P) 0.8809; (R1) 0.8824; More…. No change in USD/CHF’s outlook and intraday bias stays on the downside. Curren ...more
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2597; (P) 1.2621; (R1) 1.2650; More… Intraday bias in GBP/USD stays on the upside for the moment. Current rise from 1.2036 ...more
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0933; (P) 1.0946; (R1) 1.0967; More… Intraday bias in EUR/USD remains neutral at this point. Consolidation pattern from 1. ...more
USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3599; (P) 1.3631; (R1) 1.3647; More… At this point, strong support is still expected from 38.2% retracement of 1.3091 to 1 ...more
AUD/USD Daily Report
Daily Pivots: (S1) 0.6559; (P) 0.6576; (R1) 0.6601; More… Intraday bias in AUD/USD remains on the upside for the moment. Current rally from 0.6 ...more
Technical Analysis
USDCAD retreats as dollar selling strengthens, technicals indicate bearish momentum
The USDCAD currency pair is experiencing a decline, reaching new lows in today's trading session, influenced by a broad sell-off in the US dollar acro ...more
Major US indices all turn into positive territory
The major US indices are all in positive territory now with the gains led by the Dow industrial average (+0.34%).A snapshot of the market currently sh ...more
AUDUSD Breakout: Bulls gain control as price surges above key levels
The AUDUSD broke above it 38.2% retracement of the 2023 trading range as 0.66087, and in doing so increase the bullish bias from a technical perspecti ...more
Maximize low risk trading opportunities in USDCHF with these expert tips
The USDCHF is keeping a bearish bias in trading this week with most of the price action through the 1st 2 trading days below its 61.8% retracement of ...more
EURUSD, GBPUSD, and USDJPY: Technical Analysis and Trading Opportunities
As North American trading gets underway, the trading ranges for the EURUSD and GBPUSD are very narrow. There is room to roam and the topside is being ...more
AUDUSD Technical Analysis
USDThe Fed left interest rates unchanged as
expected at the last meeting with basically no change to the statement.Fed Chair Powell stressed
once agai ...more