Tag: Reversal
Inside Biden’s Reversal on Sending Long-Range Missiles to Ukraine
The story is more complex than a caricature in Washington that President Biden is cautious to a fault, and says no until the pressure is insurmountabl [...]
US Dollar Faces Reversal Risk Ahead of Inflation Report as DXY Breaks Key Trendline
US Dollar, DXY, CPI Preview – Market Update:US Dollar on course for another weekly pullback so farAll eyes on CPI data Thursday, will core inflation [...]
EUR/CAD Long-Term Reversal as Oil, Inflation Rise
EUR/CAD Shaping up for Long-Term Reversal as Oil, Inflation RiseEUR/CAD sold off into the end of Q3 after the European Central Bank (ECB) hiked rates [...]
McCarthy Reversal on Impeachment Inquiry Reflects Pressure From the Right
The speaker, who formerly argued that the House must vote before opening an impeachment inquiry, changed his tune this week, a decision that could hav [...]
Oil to Head to $67 After the Reversal, As China Disappoints
Crude Oil was on a bearish trend since March 2022, although the decline stopped and it was mostly consolidating during the first half of 2023. The 200 [...]
Asia Day Ahead: Asia on a Cautious Tone Following Wall Street’s Reversal: Nasdaq 100, USD/JPY, AUD/USD
An initial move higher in Wall Street last Friday eventually faded into the close (DJIA -0.43%; S&P 500 -0.53%; Nasdaq -0.36%), as market particip [...]
Bullish Reversal Pattern in USD/CAD, With Fundamentals Supporting It
USD/CAD has been declining since October last year, with highs getting lower, although now we are seeing signs that the retreat might be over. Crude O [...]
ASX 200 Rises on Weaker AUD, Iron Ore Reversal Potential
AUD/USD, AUS 200, Iron Ore AnalysisMeasured approach from the RBA sees the Aussie head lowerIron ore prices hold up for now, potential head and shoul [...]
GBP/USD Reversal Fails Again, on UK Recession Worries
GBP/USD has been bullish since late September last year, when the Bank of England intervened and stopped the crash in the GBP. The USD has turned bear [...]
No Sign of a Reversal
S&P 500, SPX, NASDAQ 100, NDX - OUTLOOK:The Nasdaq 100 index looks overbought with some signs of fatigue, but there is no sign of a reversal.The [...]
Will Gold Turn Bullish After the Reversal Yesterday?
Gold has been bearish since it failed to make new record highs above $2,075 in early May and since then the price has been sliding lower. Yesterday G [...]
Will Powell’s Speech Trigger a Reversal?
S&P 500, SPX, NASDAQ 100, NDX - OUTLOOK:The S&P 500 index encounters stiff resistance.The upward momentum is strong, but the Nasdaq 100 index [...]
Ethereum network upgrade and uptick in Arbitrum active users could trigger an ARB price reversal
While Arbitrum’s governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth. A recent [...]
EUR/USD to Fall to Parity After Reversal, Despite Hawkish ECB
EUR/USD made a strong reversal in October last year after being quite bearish for about a year. Since then, this pair climbed more than 15 cents highe [...]
Strong Bullish Reversal in Crude Oil, on Improving Risk Sentiment
During the first part of the week, the price of crude Oil dropped to a three-week low at $67 lows as the USD was running higher while risk sentiment w [...]