I do believe at this point it’s likely that the Euro will continue to be a bit of a punching bag. The EUR/USD rallied a bit during the trading session on Tuesday but continues to see...
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Gold Forecast: Markets Suffer at the Hands of the USD
The US dollar continues to be a bit like a wrecking ball, although gold has its place in this type of environment. Gold markets have fallen a bit during the trading session on Tuesday as it...
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USD/ZAR: Important Resistance in View, Bulls Threaten Highs
The relative calm of August trading is likely to fully disappear in the coming days, as traders react to more nervous sentiment and the USD/ZAR could prove very choppy. The USD/ZAR is trading near the 17.00000...
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USD/MXN: Near Term Highs are challenged as Nervousness Grows
The USD/MXN is trading near important resistance as speculators consider rather intriguing technical potentials. On the 19th of August the USD/MXN was trading near the 20.27000 ratio which essentially came within sight of resistance, with higher marks...
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USD/TRY Forex Signal: The Lira Stabilizes Amid Intervention of the Turkish Central Bank
The best selling entry points Entering a sell deal with a pending order from the 18.33 levels Place the stop loss point and close the lowest support levels 18.55. Move the stop loss to...
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Dollar continues its rampage ahead of European trading
It’s been a rather straightforward one after Jackson Hole as the Fed’s resolute commitment to fighting inflation is sending the dollar soaring in the aftermath. The theme is carrying over to today with the...
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S&P 500 Forecast: Continues to Wait for Jerome Powell
I do think that a big move is coming, but I would not be surprised at all to see a lot of noisy shakeouts over the next couple of days, so you need to...
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USD/JPY Forecast: Continues to Wait for Jerome Powell
All things being equal, this is a market that I think remains bullish due to the idea of the Bank of Japan continuing to do whatever it takes to keep interest rates down. The USD/JPY has...
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Germany Q2 final GDP +0.1% vs 0.0% q/q prelim
GDP (non-seasonally adjusted) +1.8% vs +1.5% y/y prelim GDP (working day adjusted) +1.7% vs +1.4% y/y prelim The final revision sees a marginal expansion in the German economy in Q2 but the early signs...
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Eurostoxx futures +0.2% in early European trading
German DAX futures +0.2% UK FTSE futures +0.2% Equities are finding a bit more of a footing after a poor start to the week, with the mood above mirroring that seen in US futures....
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