News

Oil Under Pressure In many respects, it’s been a much quieter week for financial markets. While we’ve seen some key developments by way of Fed commentary, the UK budget and various headlines from the G20 meetings, we haven’t seen the sort of volatility we’ve noted in recent weeks. The US Dollar sell off pausing this […]

Gas Prices Slip From Highs After dominating the first half of the year with record strength, gas prices have spent most of the last few months softening from highs. Indeed, natural gas futures on the NYMEX are now sitting almost 40% down from the YTD highs. Several factors have combined to weigh on gas prices […]

• GBPAUD reversed from support level 1.7485 • Likely to rise to resistance level 1.8000 GBPAUD recently reversed up from the key support level 1.7485, strengthened by the lower daily Bollinger Band and by the upper trendline of the recently broken down channel from March (acting as support after it was broken). The upward reversal […]

ECB president Christine Lagarde said on Friday that the ECB should continue to raise borrowing costs to limit the expansion of the European economy. According to Lagarde, this is the only way to bring down inflation, which at its peak was five times the target level of 2%: On Friday, Lagarde delivered a speech in […]

Daily Market Outlook, November 18, 2022  Overnight Asian markets are mostly mixed, with US equity futures also declining after some tough talk from US Fed speakers, specifically St Louis member Bullard who suggested that a 5% rate was a minimum terminal rate objective with the potential for a 7% rate being eyed by the committee.  […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair may go by the reversal signal in an ascending wave. The goal of the growth will be 1.3410. Next, the price may bounce off it and extend the downtrend. However, the price […]