Article by IG Senior Market Analyst Axel Rudolph FTSE 100, S&P 500, Russell 2000 – Analysis and Charts FTSE 100 consolidates below last week’s high The FTSE 100’s recent attempts to reach last week’s high at 7,535 have so far failed with the index being capped by the 55-day simple moving average (SMA) at 7,505
EUR/USD Forecast – Prices, Charts, and Analysis FOMC minutes give little away, leaving the US dollar rudderless. UK Autumn Statement may give Sterling a boost. Download our Complimentary Guide to Trading EUR/USD Recommended by Nick Cawley How to Trade EUR/USD The Federal Reserve is very unlikely to cut interest rates anytime soon and may hike
USD/CAD ANLAYSIS & TALKING POINTS Moderating Canadian inflation unable to shake CAD bulls just yet. US durable goods orders, consumer sentiment and BoC’s Macklem in focus later today. Will channel support hold firm once again? Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of
The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dipped to -0.40% in October from -0.38% in September. Says WPAC: Economy set to remain stuck in ‘low growth rut’ well into next year. Range of
Japanese Yen Analysis Japanese Yen backs away from supposed intervention trigger after renewed strength USD/JPY breaks beneath a dynamic level of prior support Japanese yen is most heavily shorted since at least 2020, posing risk of a short squeeze The analysis in this article makes use of chart patterns and key support and resistance levels.
Mon: PBoC LPR; German Producer Prices (Oct), New Zealand Trade Balance (Oct) Tue: FOMC Minutes (Nov), RBA Minutes (Nov), NBH Policy Announcement; UK PSNB (Oct), Canadian CPI (Oct) Wed: UK Autumn Statement, Dutch Elections; US IJC (13 Nov w/e), Durable Goods (Oct), Uni. of Michigan Final (Nov), Australian Flash PMIs (Nov) Thu: US Thanksgiving (Market
Share: The Greenback opens higher this Friday though fails to hold on to gains. Traders can let the dust settle in a very light calendar ahead of the festivities next week. The US Dollar Index is steady above 104, though faces some pressure towards the weekend. The US Dollar (USD) gave traders and
AI image The upcoming week features a series of significant economic releases, auctions, and reports that market participants will be watching closely. Monday, November 20 The week kicks off with a Treasury auction of 20-year securities worth $16 billion, an event that will give us insights into market demand for long-term government debt. It comes
Share: Mexican Peso’s advance against the US Dollar halts, with USD/MXN bouncing from recent lows despite broad-based USD weakness. Banxico officials hint at a less restrictive monetary policy yet suggest gradual rate cuts. Upbeat US economic data and Federal Reserve officials’ resistance to early rate cuts propelled the USD/MXN up move. Mexican Peso
US DOLLAR, USD/JPY, GBP/USD, AUD/USD OUTLOOK The broader U.S. dollar regains ground after Tuesday’s selloff Despite today’s moves, the path of least resistance may be lower for the greenback, especially against some of its top peers This article delves into crucial technical levels to monitor for USD/JPY, GBP/USD, and AUD/USD Trade Smarter – Sign up
