USD/CAD Daily Forecast – Canadian Dollar Retreats As Oil Prices Pull Back
USD/CAD made an attempt to settle above the resistance level at 1.2450.
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Crude Eyeing OPEC+ Meeting – Where is Oil Headed?
Crude oil prices have started their corrective wave, as we are approaching the monthly OPEC+ group meeting on Thursday, with some market participants now considering...
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Why Activision Blizzard Stock Is Down By 15% Today
The stock is trying to settle below the $66 level.
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The Beginning of The End is Sometimes a Fresh Start
Last month equity markets made up for September’s losses, and as said in the previous letter, the worst month of the year represented a buying...
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Natural Gas Price Fundamental Daily Forecast – Supported by Cooler Outlook for Mid-November
The market found support inside a major retracement area at $5.269 to $4.956. This zone is controlling the near-term direction of the market.
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Daily Gold News: Wednesday, Nov. 3 – Gold Moves Lower Ahead of the FOMC
Right now gold is 1.2% lower, as it is trading below its last week’s low of $1,772.40. What about the other precious metals?
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Gold, Silver, and Miners Just Can’t Jump
Let’s face it, the metals are not having an easy time breaking out. Short-term rallies end up going nowhere and bearish signs are still in...
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USD/JPY Price Forecast – US Dollar Continues to Consolidate Against Japanese Currency
The US dollar has gone slightly soft during the trading session on Wednesday as we continue to hang around the ¥114 level. This is an...
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GBP/USD Price Forecast – British Pound Trying to Recover
The British pound has rallied a bit during the trading session on Wednesday but still has significant resistance just above that it needs to work...
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GBP/JPY Price Forecast – Pound Bounces From ¥155
The British pound has rallied a bit during the course of the trading session on Wednesday as we continue to see the uptrend trying to...
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Silver Price Daily Forecast – Silver Remains Under Strong Pressure
Silver is trying to settle below the support at $23.20.
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EUR/USD Price Forecast – Euro Continues to Struggle for Directionality
The Euro has initially rally during the trading session on Wednesday but continues to see the 1.16 level as an area of trouble.
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AUD/USD Price Forecast – Australian Dollar Hugging 200 Day EMA
The Australian dollar tried to rally initially during the trading session on Wednesday, but we have pulled back just a bit. All things been equal,...
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Interest Rates, The Case for Elliott Wave Analysis, & Our Dollar View
As you know, currency trading is not an easy game. But in a lot of ways, it is a simple game.
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Star Director Quentin Tarantino to Release 7 Pulp Fiction NFTs. NFTs Will Become Even Bigger
Star director Quentin Tarantino will auction off seven NFTs based on the Pulp Fiction movie, making him the latest big name in the entertainment industry...
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Price of Gold Fundamental Daily Forecast – Bearish if Fed Agrees with Market Expectations of Three Rate Hikes
Gold traders face heightened volatility because the market is telling them one thing and the Fed may have other ideas.
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Multi-Billion Dollar Shiba Inu Wallet Makes Some Moves
Investors previously wondered if this trader had lost access to their keys.
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Oil Price Fundamental Daily Forecast – Bearish API Data Sinks Prices Ahead of EIA Inventories Report
Saudi energy minister Prince Abdulaziz bin Salman twice dismissed calls by major consumer nations to speed the rate of OPEC+ production increases
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Activision-Blizzard Could Sell Off to 50
Persistent selling pressure has now pierced major support at the 200-week moving average near 70.
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USD/CAD: All Eyes on FOMC outcome, Loonie Maintains Range Play
“FOMC may give USD a lift but we favour fading modest USDCAD gains. The CAD (ended last week) more or less unchanged on the USD which is a little surprising in...