Oil bulls: Not done yet?

  • Crude oil now pulling back from year-to-date high
     
  • $90 psychological region tested for support now
     
  • Daily close below 21-day EMA may invite more declines
     
  • Elliot Wave theory suggests more eventual room for gains

 

Crude Oil Technical Analysis

Trade Of The Week: Is the USDJPY a ticking timebomb?

The USDJPY has kicked off the new trading week by touching its highest level since November 2022.

Yen bears are clearly in power, with the Japanese yen currently the worst performing G10 currency year-to-date, shedding roughly 11.8% against the dollar.

USDJPY BoJ RSI MACD inflation Rates Federal Reserve

Week Ahead: Will EURUSD hit new 6-month low?

  • Final week of Q3 2023 may prove relatively less hectic for markets
     
  • EURUSD still set to uncover trading opportunities
     
  • Eurozone data may point to even-darker economic outlook
EURUSD PCE inflation European Central Bank Federal Reserve Fed speak Fed Chair Jerome Powell

BOE rate pause supports UK100_m

  • UK100_m is the sole gainer among major peers
     
  • BOE rate pause weakens GBP, lifts UK100_m
     
  • UK100_m has inverse relationship with British Pound
     
  • 75% of revenues for FTSE 100 companies come from outside the UK
uk100 Bank of England inflation economic outlook GBPUSD

Mid-Week Technical Outlook: precious metals & commodities

  • Precious metals & commodities in focus ahead of Fed
  • Gold waits for fresh fundamental spark
  • Silver trapped within range
  • Brent slips from 10-month high
  • Natural Gas tests 200-day SMA

Global equities were mixed on Wednesday as investors braced for the outcome of the Federal Reserve rate decision.

Gold Silver Brent Crude NatGas SMA MACD Federal Reserve

Is SPX500_m primed for a breakout?

  • "Ascending triangle" pattern seen on SPX500_m 
     
  • Technical signs point to near-term breakout
     
  • Historically, upside breakout has 83% chance of succeeding
S&P 500 Technical Analysis Federal Reserve rate hikes

Trade Of The Week: GBPUSD Braces For Fed & BoE Combo

  • Fed/BoE combo could trigger GBPUSD volatility
  • Watch out for UK CPI report mid-week  
  • Fed widely expected to leave rates unchanged
  • BoE expected to hike rates by 25 basis points
  • GBPUSD could see big moves, keep eye on 1.2430 level

A super central bank combo featuring the Federal Reserve and Bank of England may trigg

GBPUSD Federal Reserve BoE inflation Rates GDP SMA MACD

Week Ahead: Will Fed Decision Trigger NQ100_m Breakout?

  • Exceptional list of high-risk events next week
  • Our focus falls on Fed decision which could move NQ100_m
  • Fed expected to leave rates unchanged
  • Much focus will be on any clues offered on future rate moves 
  • NQ100_m breakout on horizon with 15200 and 15630 key levels of interest

The exceptional list of high-risk events

Nasdaq 100 Federal Reserve inflation Fed rate hike MACD SMA

Will ECB decision inspire STOX50 bears?

  • STOX50 bears are testing a weekly support level
  • Momentum and MACD oscillators confirm bearish bias  
  • Four potential targets identified.
  • Bearish scenario invalidated if 4281.7 level is broken
  • Will ECB decision trigger a breakout?

European shares crawled higher on Thursday, while the euro entered standby

EUROstoxx STOX50 ECB inflation Rates MACD SMA

Mid-Week Technical Outlook: Cryptocurrencies

  • Tension grips markets ahead of US CPI report
  • Bitcoin forms ‘Death Cross’ technical pattern
  • Ethereum flirts near oversold levels
  • Cardano gets no love
  • Dogecoin approaches key support

A sense of tension gripped financial markets on Wednesday as investors braced for the latest U.S.

Cryptocurrency Bitcoin Dogecoin Ethereum Cardano SMA MACD
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