Nasdaq 100 Finds Spark Thanks to Amazon Ahead of Fed. Dead Cat Bounce or Not?

NASDAQ 100 FORECAST: The Nasdaq 100 rebounds off technical support heading into the weekend following a selloff in the previous trading sessions Amazon leads the charge higher thanks to solid corporate earnings Despite the positive mood on Wall Street, market risks remain elevated ahead of the Fed decision next Wednesday Trade Smarter – Sign up

AUD/USD recovers some lost ground above 0.6300 ahead of Australian PPI data

Share: AUD/USD recovers its recent losses on the softer USD.  The preliminary US Q3 GDP rose 4.9%, Continuing claims rose to the highest reading since May.  The markets anticipate the potential additional rate hike from the RBA at the November meeting.  Investors will focus on Australian PPI, and US monthly core Personal Consumption

Cluster Support in Play after Breakdown. More Pain Ahead?

NASDAQ 100 OUTLOOK: Nasdaq 100 breaks down, falling to its lowest level since late May after breaching a key floor For sentiment to improve, cluster support in the 14,150/13,930 range must hold at all costs This article analyzes the key technical levels worth watching on the NDX in the coming days. Trade Smarter – Sign

USD/JPY Breaches 150 Ahead of US PCE

Japanese Yen (USD/JPY) Analysis USD/JPY goads Japanese officials after latest move above 150 Japanese government bond yields rise, prompting more buying from the BoJ US PCE data tomorrow and the Bank of Japan meeting concludes on Tuesday The analysis in this article makes use of chart patterns and key support and resistance levels. For more

GBP/USD Falls Ahead of High Importance US Data

Pound Sterling (GBP/USD) Analysis GBP/USD struggles to build positive momentum as USD makes a comeback Lack of bullish drivers for GBP ahead of high impact US data highlights bearish path IG client positioning reveals further divergence in positioning – contrarian bearish bias maintained The analysis in this article makes use of chart patterns and key

Japanese Yen Retests 150 Ahead of BOJ; USD/JPY, GBP/JPY, EUR/JPY Setups

US Dollar, Euro, British Pound vs. Japanese Yen – Outlook: USD/JPY is once again testing the psychological 150 mark. Risk of intervention is growing amid speculation of a tweak in BOJ YCC policy. What is the outlook and what are the key levels to watch in select JPY crosses? Looking for actionable trading ideas? Download

EUR/USD, AUD/USD on Shaky Ground Ahead of US GDP Data

EUR/USD, AUD/USD OUTLOOK: Traders will closely watch U.S. GDP data on Thursday The U.S. economy is forecast to have grown by 4.3% in the third quarter Strong economic activity numbers could boost the U.S. dollar, sending both EUR/USD and AUD/USD sharply lower Most Read: USD/CAD Fails to Sustain Breakout after Bank of Canada Decision. What’s