S&P 500 & Dow Fall Below Key Support; Potential H&S in Nasdaq

The rally in US indices appears to be cracking – the S&P 500 and the Dow Jones Industrial Average (DJIA) have broken below key support, while the Nasdaq 100 index looks vulnerable amid a potential bearish formation.

from DailyFX – Market News https://ift.tt/IFoKtXT
via IFTTT

Asia Day Ahead: AUD/USD Stuck in a Range, Silver Eyes retest of Trendline Support

Elevated Treasury yields, higher oil prices and a gridlock in the US government funding bill serve as prevailing risks for markets to digest.

from DailyFX – Market News https://ift.tt/9sNjrCd
via IFTTT

Australian Dollar Holds Gains After CPI Accelerates; What’s Next for AUD/USD, AUD/NZD?

AUD held early gains after Australia CPI accelerated last month, reinforcing the growing view that interest rates will remain higher for longer. What’s next for AUD/USD and AUD/NZD?

from DailyFX – Market News https://ift.tt/EMRz9Y7
via IFTTT

USD/CAD Price Forecast: USD/CAD Breaks 5-day Range Despite Resumption of WTI Rally

The Loonie struggled today after a period of consolidation as a rampant US Dollar and rising US Yields saw USDCAD make a run for recent highs. The start of the next leg higher?

from DailyFX – Market News https://ift.tt/imWsRrw
via IFTTT

Gold Falters as US Yields and the DXY Advance, $1900 at Risk

The Precious Metal does seem to be partly supported but is likely to remain subdued as the US Dollar is expected to remain supported in Q4. Can Gold continue its slide toward the YTD low around the $1800 mark?

from DailyFX – Market News https://ift.tt/sUmEGc2
via IFTTT