Resilient Pound Prepares for Data Heavy Week
POUND STERLING ANALYSIS & TALKING POINTS Lackluster USD could be stimulated next week leaving GBP vulnerable. Stacked economic calendar for both UK and U.S.. Rising wedge break looms. Recommended by…
US Dollar Remains in the Driver Seat for AUD/USD
Australian Dollar Forecast: Bearish Recommended by Daniel McCarthy Advertising Forex for Beginners The Australian Dollar tumbled through the first few days of last week before steadying going into the weekend…
Last S&P 500 and Dollar Volatility Charge of 2023 with FOMC, CPI and Much More
S&P 500, VIX, FOMC, ECB, EURUSD and USDJPY Talking Points: The Market Perspective: USDJPY Bearish Below 137; GBPUSD Bullish Above 1.2300; S&P 500 Bearish Below 4,030 We are moving into…
S&P 500, Nasdaq 100 Outlook – Thumb Twiddling Ahead of The Fed
S&P 500 and Nasdaq 100 Forecasts and Analysis S&P 500 – Stuck in the middle of this week’s range. Nasdaq 100 – Boxed in for Christmas? Recommended by Nick Cawley…
Business Conditions Improve, Inflation Cools
University of Michigan Consumer Sentiment Report: All Readings Rise Index of Consumer Sentiment 58.1 vs 56.8 (Nov) Index of Economic Conditions 60.2 vs 58.8 (Nov) Index of Consumer Expectations 58.4 vs 55.6 (Nov) Advertising Customize and…
How to Read a Candlestick Chart
Reading candlestick charts – Talking points: Candlestick charts differ greatly from the traditional bar chart Traders generally prefer using candlestick charts for day-trading because they offer an enjoyable visual perception…
US Dollar (DXY) Outlook – One Last US Data Drop Before CPI and FOMC Next Week
US Dollar (DXY) Price and Chart Analysis Today’s data will set the tone for early next week. The US dollar is sitting on range support. Recommended by Nick Cawley Advertising…
A Guide to Trading Psychology
Trading Psychology: Beyond the Basics The psychology of trading is often overlooked but forms a crucial part of a professional trader’s skillset. DailyFX is the perfect place to learn how…
Brent Overcome by Recessionary Pressures Despite Several Fundamental Tailwinds
BRENT CRUDE OIL (LCOc1) TALKING POINTS Drop in weekly crude stocks unable to deter crude oil bears. Closure of major U.S. pipeline gives Brent welcome support. U.S. PPI and consumer…
EUR/USD at Key Inflection Point Ahead of US PPI Data
KEY POINTS: Advertising Recommended by Zain Vawda Get Your Free EUR Forecast EUR/USD FUNDAMENTAL BACKDROP EUR/USD continues its grind higher in early European trade as key US data events lie ahead.…