S&P 500, Nasdaq 100, Dow Jones: Grinding into Key Resistance
Stocks keep breaking out even with the Fed warning that they’re not done yet. The Nasdaq is tangling with a key trendline.
Crude Oil Price Steadies in Asia as US Dollar Holds Gains. Will WTI make Fresh Lows?
The crude oil price has had a quiet start to the week, but re-emerging US Dollar strength could undermine it, especially if CPI data this week comes in hot. Where to for WTI?
AUD/USD Struggles at 20-day SMA Despite Record China Trade Surplus
The Australian Dollar is trading slightly lower against the US Dollar despite China posting its best trade surplus on record. Covid lockdowns across China weigh on the economic outlook.
Crude Oil Price Under the Pump Despite US Dollar Sliding. Fresh lows for WTI?
The crude oil price is back to levels not seen since before the Russian invasion of Ukraine as inventory increases and hopes of added production ease supply woes.
AUD/USD Prices Hinge on RBA Statement as APAC Traders Brace for US Jobs Report
The Australian Dollar rose against a broadly weaker US Dollar. AUD volatility may rise on the RBA’s Statement on Monetary Policy. Meanwhile, traders are preparing for the US jobs report due out ton…
S&P 500, Nasdaq 100, Dow Jones Price Action: Are Bears Done For?
The Nasdaq is flirting with the 20% mark from the June lows, which marks technical bull market territory. Does this mean that bears are done for?
Crude Oil Price Languishes Amid Stock Build and OPEC+ Doing Little. Will WTI Recover?
Crude oil prices are at 6-month lows as inventory data reveals a slowing of demand that may have prompted OPEC+ to hot pause on any meaningful add to production.
NZD/USD Rises on US Dollar Pullback as APAC Traders Eye Australian Trade Data
The New Zealand Dollar rose, taking advantage of a broadly weaker US Dollar that fell as market sentiment improved overnight. APAC traders are watching today’s trade numbers out of Australia.
Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY
The Japanese Yen has been on a volatile ride of late as yields have surged after a precipitous drop.
US Dollar Solid After Fed Kiboshes Pivot Perception to Send Treasury Yields Higher
The US Dollar firmed overnight after Fed speakers hosed down any idea that they were stepping back from their fight on inflation. Will geopolitics impact USD?