S&P 500, Nasdaq 100 – Wall Street Indexes Rise as TSMC Leads Chip Stock Rally, Where to Next?

Wall Street indexes rebounded from Tuesday’s selloff, driven by strong earnings from TSMC and positive economic data. Nasdaq 100 approaches all-time highs, fueled by TSMC’s success and AI demand. Market sentiment remains optimistic, but concerns persist over high valuations. Most Read: GBP Price Action Ideas: GBP/USD, GBP/JPY and EUR/GBP The major Wall Street indexes have […]

EUR/USD Technical: Overstretched decline heading into ECB meeting

A 25bps cut by the ECB is likely to have been fully priced in. The current high expectation of another ECB rate cut in December faces an increased repricing risk. Watch the 1.0780/0750 key medium-term support on the EUR/USD. In the past four weeks, the EUR/USD has plummeted by 3.3% from its 25 September high of […]

GBP Price Action Ideas: GBP/USD, GBP/JPY and EUR/GBP

The GBP has been declining against the USD due to softer-than-expected UK economic data, leading to expectations of more aggressive rate cuts by the Bank of England. GBP/USD is at a crucial level of 1.3000, a break below which could lead to further downside. GBP/JPY is showing signs of a potential breakout, with price coiling […]

US Dollar Index (DXY) Outlook: DXY Breaches the 100-day MA, Will the Rally Continue?

The US Dollar Index (DXY) continues to advance due to a lack of impactful US data and expectations of robust retail sales. Donald Trump’s comments on tariffs and the Federal Reserve’s independence. The DXY faces technical challenges, with the RSI in overbought territory, but the overall outlook remains bullish. Most Read:  The US Dollar Index […]

Canadian dollar breaks nine-day slide as CPI falls

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3786 at the time of writing, up 0.09%. The Canadian dollar finally ended a nasty nine-day slide on Tuesday, posting slight gains after Canada’s CPI report. Canada’s inflation rate falls to 1.6% Canada’s inflation rate continued on its […]