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

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