S&P 500 Melt-Up? The Data-Driven Case for SPX Upside in December
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Australian Dollar Short-term Outlook: AUD/USD Coils into Support
Australian Dollar is poised for a breakout with AUD/USD coiling just above support near the yearly lows. Battle lines drawn on the Aussie short-term technical charts.
US Dollar Price Action Setups: EUR/USD, USD/JPY
The US Dollar finally pulled back from its aggressive Q4 breakout move, and this was fueled by the strongest weekly outing in EUR/USD in two years with last week’s bounce.
S&P 500 Melt-Up? The Data-Driven Case for SPX Upside in December
What are the odds of a Deecember melt up in the S&P 500?
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Australian Dollar Short-term Outlook: AUD/USD Coils into Support
Today 07:14 PM
US Dollar Price Action Setups: EUR/USD, USD/JPY
Today 06:28 PM
USD/CHF Pullback Faces Positive Slope in 50-Day SMA
Today 03:56 PM
Euro Short-term Outlook: EUR/USD Threatens Bear Market Rebound
Today 02:01 PM
EUR/JPY forecast: Technical Tuesday – December 3, 2024
Today 12:30 PM
USD/CHF Pullback Faces Positive Slope in 50-Day SMA
USD/CHF may defend the rally following the US election should it track the positive slope in the 50-Day SMA (0.8692).
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S&P500 Forecast: SPX falls as China - US trade tensions rise
U.S. stocks are edging lower on Tuesday after the S&P 500 and the NASDAQ closed at record levels in the previous session. Sentiment is souring after news that China will begin banning the export of some rare minerals to the US in a tit-for-tat escalation of the tech war
Euro Short-term Outlook: EUR/USD Threatens Bear Market Rebound
Euro rallied 2.5% off the yearly low with EUR/USD carving the December opening-range just below a key pivot zone. Battlelines drawn on the short-term technical charts.
EUR/JPY forecast: Technical Tuesday – December 3, 2024
The EUR/JPY is our featured technical chart, for not only a technical breakdown is looking increasingly likely, but the macro back backdrop makes for a bearish fundamental backdrop. In short, the euro is undermined because of Europe’s persistent economic and political challenges, while a potential rate hike from the Bank of Japan magnifies the yen's appeal. Against this backdrop, our short-term EUR/JPY forecast is bearish.
EUR/USD, Oil Forecast: Two trades to watch
EUR/USD rises, but the outlook remains weak below 1.06. Oil rises ahead of inventory data & OPEC’s meeting later in the week
USD/NOK, NOK/JPY: Rate differentials and sentiment skew directional risks
Risk sentiment and rate differentials are dictating directional risks for USD/NOK and NOK/JPY. With weakening ties to US rates and oil, and carry trade flows dominating NOK/JPY, we look at setups as we head toward year-end.
The US dollar, seasonality and what that could mean for December
While it is well documented that the USD tends to suffer in December, the dynamics of Trump at the helm alongside another important FOMC meeting could give seasonality a run for its money. But regardless of which way the dollar travels this month, there is a clear intra-month pattern that is worth factoring in to the equation.
AUD/JPY, AUD/USD drop like a tonne of BRICS
I thought we might make it a bit closer to 2025 before the selloff an anticipated selloff on AUD/JPY unfolded. But we're reminded that Trump can make or break sentiment on a whim with his eye now on BRICS countries, which saw AUD/USD fall alongside the FX barometer of risk on Monday.
USD/CAD Defends Post-US Election Rally to Eye November High
USD/CAD may test the November high (1.4178) as it appears to be defending the rally following the US election.
Yen Strength Returns: USD/JPY, EUR/JPY Sell-Offs Gain Steam
Both USD/JPY and EUR/JPY have sold off over the past week and with the BoJ policy review expected in a couple of weeks, Yen-strength scenarios seem to be gaining steam.
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