by Bob Beckett | Dec 5, 2022 | Forex News
S&P 500 Talking Points:The S&P 500 hit a fresh two-month-high last week, finding resistance at a familiar spot of 4100.The 4100 level was the swing-low in February and is now confluent with the bearish trendline taken from this year’s swing-highs. This same...
by Bob Beckett | Dec 5, 2022 | Forex News
USDJPY, Fed Rate Forecasts and Volatility Talking Points:The Market Perspective: USDJPY Bearish Below 137.50USDJPY closed below its 200-day SMA on Friday, but today’s rebound is the biggest seen from the pair in six monthsVolatility is elevated, which can lead to...
by Bob Beckett | Dec 5, 2022 | Forex News
US Dollar Talking Points:The US Dollar is bouncing from a Fibonacci support level to begin the week, helped along by a failed breakout in EUR/USD that showed up this morning.The FOMC is now in the blackout window ahead of the December rate decision and markets are...
by Bob Beckett | Dec 5, 2022 | Forex News
US Stocks Talking Points: Recommended by Tammy Da Costa Traits of Successful Traders US Stock Futures Fall as Fed Expectations RiseS&P 500, Nasdaq 100 and Dow futures are trading lower as Dollar strength returned to markets. With the recent move triggered by...
by Bob Beckett | Dec 5, 2022 | Forex News
FTSE 100 and GBP/USD approaching important zones – another Dollar story?FTSE 100 approaching important key zonesPotentially in for a rotation unless price breaks the key levelsGBP/USD’s bulls may be running out of steam and could be in for another dollar story...
