College Football Playoff rankings: The first bracket prediction sets up a huge Week 10
The College Football Playoff committee has released its first rankings, and they’ve set up a big weekend of games. Four upcoming matchups feature teams placed in the committee’s top 15. No. 1 Miami travels to South Bend to face No. 11 Notre Dame. No. 7 BYU visits No. 3 Utah in a game with major […]
USD/CAD Price Prediction: Hovering around 1.4000 within declining wedge
The USD/CAD pair is showing a lack of movement for the second day in a row, trading around 1.3990 during the European trading session on Thursday. Analyzing the daily chart reveals that the price is contained within a falling wedge pattern, indicating that the selling pressure is diminishing and hinting at a possible bullish breakout. […]
Prediction markets appear harsh for the GOP, yet Stu Burguiere identifies a silver lining.
Midterm Elections: Challenging Times for the GOP With midterm elections looming, the outlook for the GOP appears concerning. Prediction markets, particularly through platforms like Kalshi and Polymarket, suggest a strong chance of Democrats taking both chambers. “If you’re a Republican or a conservative, it’s probably felt like a bit of a stormy season, hasn’t it?” […]
US Dollar Index Price Prediction: DXY maintains positive outlook above 101.50 before FOMC
US Dollar Index Shows Modest Gains, Traders Await Federal Reserve Signals The US Dollar Index (DXY), which measures the Greenback against a range of currencies, is seeing some buying interest around the 101.60-101.55 level this Monday. This comes after a recovery on Friday from a three-week low. While the index is managing to maintain slight […]
USD/JPY Price Prediction: Hammer pattern suggests a potential bounce around 156.00
The Japanese Yen ended the week on a stronger note, with the USD/JPY pair experiencing a loss of more than 0.74%. This came amid a generally negative mood in the market, although the pair has held steady on a daily basis, currently trading at 156.85 as a ‘hammer candle pattern’ emerges. USD/JPY Price Forecast: Technical […]
AUD/JPY Price Prediction: Moves down towards 110.50, maintains slightly negative outlook
The AUD/JPY exchange rate is currently trading in the red, hovering around 110.60 during the early European session on Thursday. Support for the Japanese Yen (JPY) is being bolstered by some hawkish comments from Japanese officials regarding the economy, particularly against the Australian Dollar (AUD). On Wednesday, Ryozo Himino, the Deputy Governor of the Bank […]
US Dollar Index Price Prediction: Stays under 102.00, nine-day EMA
The US Dollar Index (DXY) is seeing a slight decline after starting the day with a positive gap, hovering around 102.00 during the Asian trading hours on Monday. In the short term, the outlook appears optimistic as the Dollar Index stays above the 50-day Exponential Moving Average (EMA) and is testing the nine-day EMA, which […]
Silver Price Prediction: Bears aim for $55 as RSI approaches oversold
Silver (XAG/USD) is likely to conclude this week with a decline, as the price has dropped below the critical support level of $60.00. This decline has intensified the sell-off, pushing XAG/USD to a weekly low of $55.38. Currently, Silver is trading around $57.00, which reflects a decrease of 0.83%. XAG/USD Price Forecast: Technical Outlook Silver […]
GBP/JPY Price Prediction: Buyers examine recovery strength beneath important moving averages
The GBP/JPY pair saw a positive movement on Friday, climbing approximately 0.50%. This rise is largely attributed to the overall weakness of the US Dollar, which has worked in favor of the higher-yielding British Pound against the Japanese Yen, which has struggled against most of its counterparts, with the exception of the Greenback. Currently, the […]
Gold Price Prediction: XAU/USD recovers losses as US yields and oil prices decline
Gold (XAU/USD) is seeing a recovery on Tuesday after slumping the previous day, largely due to a weakening US Dollar (USD) as US yields soften and oil prices drop. Market participants are keenly awaiting important US inflation data this week to gauge the Federal Reserve’s (Fed) policy direction. The XAU/USD pair has bounced back from […]