Forecasts & Analysis
EUR/USD and a Return to Sub-$1.03 in the Hands of Euro Area Inflation
It is a busy day ahead for the EUR/USD. Eurozone inflation numbers for November will likely be key ahead of US stats and Fed Chair Powell.
GBP to USD Faces Risk of Sub-$1.19 Ahead of Central Bank Chatter
It is a quiet day ahead for the GBP/USD, with no economic indicators leaving BoE chatter to influence ahead of US stats and Fed Chair Powell.
Gold & Silver Gain Traction as Inflation Dominates Market Sentiment
Gold and silver futures are trading higher as market participants continue to react to multiple events.
EUR/USD Weakening as Downside Momentum Increases Following Monday’s Reversal Top
Look for the downside bias to continue into the close on Tuesday on a sustained move under 1.0366.
Euro Area Inflation Data and Powell Speech Eyed
Despite a soft start for risk assets to the week, procyclical currencies staged a moderate rally against their US counterpart on Tuesday.
S&P 500 Is Under Pressure As Tech Stocks Are Moving Lower
NASDAQ Composite made an attempt to settle below 10,950.
The Bulls’ Next Set Up for Ethereum
There are now enough waves to consider the drop from the early November high complete. But Ethereum must recapture that high to tell us the (delayed) rally to around $3500 is underway.
WTI Oil Pulls Back From Session Highs As OPEC+ May Keep Output At Current Levels
Natural gas moved towards $7.35. Gold made an attempt to settle above the $1750 level.
S&P 500 Struggling to Find Direction Ahead of Powell’s Speech on Wednesday
Investors are keeping their powder dry ahead of Fed Chair Jerome Powell’s speech on Wednesday and Friday’s Non-Farm Payrolls report.
S&P 500 Price Forecast – Stock Markets Wait for a Slew of Data
The S&P 500 has done very little during the trading session on Tuesday as we continue to determine whether or not we are going to break down.
