Gold Prices May Keep Falling as ISM Data Lifts Fed Rate Hike Bets

Gold prices may continue to fall as October’s US manufacturing ISM survey boosts Fed rate hike bets. Crude oil prices may enjoy a respite after recent selling.


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Most Asian Stocks Up, Brexit Latest May Extend FTSE 100 Gains Next

Most Asian stocks followed S&P 500 higher, especially Shanghai Composite. Australian Dollar rallied on trade data. British Pound rose on Brexit news and FTSE 100 may extend gains next.


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An Australian Dollar Spoiling for a Rally with the Right Spark

Despite volatile risk trends and downward fundamental pressure, the Australian Dollar has held strong in the face of high profile themes.


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A Risk Bounce with Few Fundamental Footholds and a Large S&P 500 Tail, Dollar Breakout?

Despite the strong gap higher on Wednesday, US equities faced key former support as resistance and ended with a large tail. Brexit and Italy continue to be critical market themes.


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EUR/USD Technical Analysis: Critical Long-Term Support Broken

The Euro finished October with a break below support capping losses for five months, opening the way for the decade-long downtrend to resume.


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Nikkei 225 Technical Analysis: Key Channel Top Lies In Balance

The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to break if the bulls are to push on


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Japanese Yen Technical Analysis: USD Fights Back, May Be Tired

The Japanese Yen has come under renewed pressure against the Dollar, which has so far averted a key downside test in USD/JPY. Dollar bulls still have work to do, however


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AUD/USD Prices Aim Higher on Trade Balance Ahead of RBA Decision

AUD/USD soared on better-than-expected September Australian trade balance data, but upside momentum may be at risk due to rate differentials or risk aversion as the RBA nears.


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Crude Oil Price Falls on Record US Output, Trade Data May Hurt AUD

The British Pound rose on Brexit deal hopes while oil prices fell on record US crude output data as stocks and FX diverged. Australian Dollar may fall on a weaker trade surplus.


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AUD/USD Rebound Unravels Ahead of RBA as CPI Report Fails to Impress

The recent rebound in AUD/USD may continue to unravel ahead of the next RBA meeting as the central bank is expected to keep the cash rate at the record-low.


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Dow Puts in 1,100 Point Bounce as a Bearish October Winds Down

US stocks have finally caught a bid, with the Dow rallying by more than 1,100 points from this Monday's low. Will bulls be able to hold the enthusiasm through the November open?


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Beware the GBP/USD Rebound Amid Surge in Retail Long-Interest

The ongoing shift in retail sentiment undermines the recent rebound in the GBP/USD exchange rate as the pickup in volatility sparks a sharp rise in net-long interest.


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GBP Boosted as Brexit Minister Signals Brexit deal by November 21st

The Pound sharply rose to session highs against the US Dollar after Brexit Minister Raab stated in a letter that he will give evidence to Brexit committee when a deal is finalised by November 21st


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USD/CAD Price Outlook: Key Resistance Holds into the October Close

Canadian Dollar has remained rather resilient despite broad-based USD strength. Here are the targets & invalidation levels that matter on the USD/CAD charts this week.


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Bitcoin, Ethereum, Ripple Prices Stuck in a Rut | Webinar

The cryptocurrency market remains in a lull with very tight trading ranges and low volumes. Sentiment remains negative and lower prices look likely.


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US Dollar to Fresh Yearly Highs as Dow, S&P Bounce at Month-End

The US Dollar is continuing to push to fresh yearly highs as markets wind down the first month of Q4. EUR/USD is approaching 1.1300 - can bears continue to push-lower into month-end?


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EUR Eyes Key Support, M&A Flow Curbs AUD Declines - US Market Open

US dollar rose to hit a fresh 16 month high as short-term drivers come into effect. Pound Finds Support on EURGBP unwind.


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DXY Index Ticks Fresh 2018 High; Don’t be Spooked by Rebalancing

October produced scary conditions in financial markets ultimately yielding a stronger US Dollar, giving it its third-best month of 2018.


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Global Markets Recover, However, Risk Sentiment Barometer Remains Fragile

Yesterday saw a notable rebound in US equity markets into the close with the positive sentiment spilling into Asia. However, the “risk on risk off” barometer remains fragile.


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Trading Outlook for Gold Price, Crude Oil, Dow Jones, DAX 30 & More

Gold is sinking towards support levels, crude oil too; global stock markets are trying to find their footing with some testing significant support levels.


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US Dollar Rally on Hold as Jobs Data and Mid-Term Elections Near

The US dollar rally has paused for now after taking various currencies pairs to multi-month extremes. All eyes now on Friday’s US jobs data (NFPs) and next week’s Mid-Term elections.


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Gold & Silver Price Analysis – Looking for More Downside

Gold is trading down towards support tests, while silver breaks a bear-flag and looks headed towards a new cycle low.


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Yen Drop May Continue, Euro Likely to Overlook CPI Data

The anti-risk Japanese Yen may continue to fall against a backdrop of improving sentiment. The Euro is unlikely to find lasting cues in regional inflation data.


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Asian Stocks Post Gains To End Sorry Oct, Perky USD In Focus

Asians stock markets were broadly higher but the day’s gains will do little to claw back October’s heavy falls. The US Dollar held up as regional data underwhelmed.


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US, China, Japan - Who Most Wants Their Currency to Drop?

Put to the fire, what are global leaders’ intentions to see their respective currencies ease pressures and even catch a bid on favorable reading? Amid trade wars, valuing credit ratings favorably draws scrutiny.


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Crude Oil Prices May Fall Further on EIA Output, Inventory Data

Crude oil prices may fall further as EIA reports on US energy production and inventory flows amplify the markets’ oversupply concerns.


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USD/SGD Rise at Risk, Last Line of Defense Holds USD/PHP Uptrend

After closing at its highest since July 2017, USD/SGD is overshadowed by a bearish warning sign. Meanwhile, a last line of defense is keeping the dominant uptrend in USD/PHP intact.


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Can Dollar Forge Recovery Despite Trade Wars, Dollar Eyes Key Resistance

The Dollar is on the verge of a technical breakout, but what kind of potential does this chart-based leverage carry? What will the next wave of fundamentals earn for the global markets?


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Australian Dollar Gets Double Data Hit From CPI, China PMI

The Australian Dollar was hit quite hard Wednesday by news that inflation had slipped below the RBA’s target band, while Chinese manufacturing clings to expansion by its fingernails


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US Dollar May Extend Rise. AUD Awaits CPI, China PMI. Yen Eyes BoJ

The US Dollar may extend upside progress after 16-month high. Australian Dollar looks to CPI data and Chinese Manufacturing PMI. The Japanese Yen may look past the BoJ for risk trends.


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Facebook Earnings Could Help Spur Another Strong Session for the S&P 500

Facebook reported earnings after the close Tuesday and an encouraging performance could spill over into tomorrow’s trading session.


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US Dollar Drives to Fresh 2018 High: USD Price Action Setups

The US Dollar has finally crossed the 97.00 level, following a failed run in August as the currency trades at fresh one-year-highs. But now that we're here - now what?


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Oil Outlook: Bearish Momentum Abates Amid Failure to Test August-Low

A series of failed attempts to test the August-low ($64.45) may generate a near-term rebound in crude oil prices as the bearish momentum starts to abate.


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USD/JPY: Bullish Bias As Net-Short Exposure Outnumbers Net-Long

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.


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GBP/USD: Weekly Long Positions Soar 24% to a 6-Month High

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.


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Gold Price Outlook: XAU/USD Bulls Face First Test of Uptrend Support

A reversal off key resistance last week has gold prices testing initial up-trend support. These are the targets & invalidation levels that matter on the XAU/USD charts.


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AUD Outlook: Soft Data to Spark Deeper Losses Towards Key Support

A slew of data throughout the Asian session may see the Australian Dollar particularly volatile. Eyes will be on the latest Australian inflation data for the third quarter and Chinese Manufacturing PMI


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GBP/USD Rate Eyes 2018-Low Ahead of Bank of England (BoE) Meeting

Recent price action in GBP/USD keeps the downside targets on the radar ahead of the Bank of England (BoE) meeting as the bearish momentum appears to be gathering pace.


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USD and EURGBP Rises on Month-End Demand, Italy Stagnates - US Market Open

Eurozone growth slowing, while German inflation pushes higher. Italian growth stagnates, and month-end supports USD and EURGBP.


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EUR/USD, GBP/USD Pull Up Shy of 2018 Lows as USD Strength Continues

Dollar strength has continued into a fresh week, and the Greenback is slowing down just shy of the 2018 high. A busy calendar remains for this week, providing ample motive for continued volatility.


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US Dollar on the Cusp of Fresh Yearly Highs

Weakness in the British Pound and the Euro is helping propel the DXY Index to near its highest level of 2018.


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Cryptocurrencies Under Increased UK Regulatory Scrutiny

The cryptocurrency market is back at a six-week low after a report released late Monday showed that the UK Cryptoasset Taskforce is considering tightening some market regulations.


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Technical Outlook for USD Index, EUR/USD, AUD/NZD, Gold Price & More

The DXY is trading around resistance while the Euro fails to attract buyers, AUD/NZD turned down from neckline resistance, while gold is also trading down from a key level.


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EURUSD Threatens to Test Crucial Support as Growth Tilts to Downside

Eurozone growth fell yet again, confirming that the economy is slowing. Italian government dealt a blow as growth stagnates. However, German inflation provides slight encouragement.


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US - China Trade War Rhetoric Weighing Further on the Chinese Yuan (CNH)

The US dollar buys nearly seven offshore Chinese Yuan (CNH) this morning after reports that the US is planning new trade tariffs if upcoming talks between the two parties fail.


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DAX 30 and CAC 40 Technical Outlook – Bounces Face Immediate Resistance

The DAX and CAC are in bounce-mode, but have immediate tests of resistance right in front of them.


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Yen May Extend Drop as Aussie Dollar Gains, But Not for Long

The Japanese Yen may continue to retreat while the Aussie Dollar gains alongside stock prices but the improvement in the markets’ mood is unlikely to last.


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Nikkei 225 Price Short From Reversal as Asia Stocks Rally on Trump

Asia stocks rose as US China trade war fears were cooled almost as quickly as they were revived. Nikkei 225 is far short from a reversal following an interview with President Donald Trump.


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Gold Prices Locked in Place as US Dollar, Treasury Yields Diverge

Gold prices are struggling for lasting direction as the US Dollar and Treasury bond yields diverge. Will a recovery in risk appetite break the standstill?


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Risk Aversion is the First Step, Trouble in Positioning is the Next

With US equities converging on a broader “de-risking”, positioning considerations may determine our environment next.


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Another Attempt to Steady Dow and S&P 500 Collapses with Fresh Trade War

Despite a bullish gap, renewed trade war tensions between China and the United States led to equities suffering losses.


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ASX 200 Technical Analysis: Can Support Hold Into Month End?

ASX 200 bulls have had a shocking month, but they have at least managed to stage a defense of key lows


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Japanese Yen Still Mired Against US Dollar On Daily Chart

The Japanese Yen has risen away from its 2018 lows against the Dollar but it has made little progress beyond that. It does not seem very likely to as the year fades out.


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EURUSD Elliott Wave Forecast Points Towards Temporary Correction

The Elliott wave forecast for EURUSD suggests that the current bear trend from September is temporary and a bullish wave may begin soon.


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NZD/USD Technical Analysis: NZ Dollar Trying to Resume Down Trend

The New Zealand Dollar is attempting to resume the downward trend against its US counterpart after being rejected at six-month chart resistance.


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Dow Jones Chart Hints Reversal as Trade War Fears Amplify Selloff

US stocks followed Europe higher until the revival of US China trade war fears hurt Dow Jones prices, but the chart warns of a reversal. The ASX 200, Nikkei 225 may follow Wall Street lower.


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Technical Forecast for Hang Seng Index, Taiwan Index

Hang Seng Index may find some support while Taiwan Index could head lower. Here are the levels to watch:


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USD/MXN Climbs After Airport Project for Mexico City is Scrapped

One of the year’s best performing currencies took a substantial hit Monday after Mexican President-elect Lopez Obrador cancelled plans to build an airport that was already under construction.


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Friday’s Low in SP 500, Dow, and NASDAQ Important to Trend

SP 500, Dow, NASDAQ still have bullish options, but those Elliott Wave patterns are running out of space to operate in.


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NZD/USD Price Outlook: Kiwi Carries Breakout Potential

The October range remains intact ahead of the close with the broader short-bias at risk. Here are the targets & invalidation levels that matter on the NZD/USD charts.


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Bearish EUR/USD Sequence Unravels Ahead of 2018-Low

EUR/USD appears to have marked a failed run at the 2018-low as the exchange rate struggles to retain the series of lower highs & lows from the previous week.


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GBP/USD: Cable Hangs at September Support; Can it Hold the Lows?

The British Pound remains mired in a sell-off against the US Dollar, finding a bit of support at the September swing-lows. Can this hold the declines, or are we one headline away from fresh lows?


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S&P 500: Weekly Long Positions Climb 24% to Multi-Month High

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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Dovish Bank of Japan (BoJ) Forward-Guidance to Keep USD/JPY Bid

USD/JPY may stage a larger advance going into the Bank of Japan (BoJ) interest rate decision as it snaps the recent series of lower highs from the previous week.


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FX Week Ahead: Australian & Eurozone CPI, BOE Rate Decision, US & Canadian Jobs

The end of October and beginning of November will usher in a busy economic calendar over the course of the week.


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Weekly Trade Levels for EUR/USD, USD/CAD, Gold, Crude Prices & More

Webinar highlighting setups we’re tracking into the close of the month with major event risk on tap. Here are the updated targets & invalidation levels that matter.


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New Cryptocurrencies to Watch in 2019: NEO, EOS & Stellar

As the cryptocurrency market grows and matures, new entrants should be closely watched and analyzed for potential opportunities.


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US Dollar Breakout Holds Higher-Low Support Ahead of Busy Calendar

The US Dollar is continuing to find support after last week's bullish breakout. A big week of drivers is ahead, as a loaded economic calendar is coupled with earnings from US corporates.


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EUR Choppy as Merkel Begins Exit, Short Term Drivers Support USD - US Market Open

A choppy session thus far for the Euro amid the latest newsflow surrounding German politics. Short term drivers in focus for the greenback with month-end rebalancing models suggesting strong buy signals.


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UK Week Ahead: Brexit and the Bank of England | Webinar

UK asset traders will have the Autumn Budget (Monday) and the latest BoE monetary policy release (Thursday) to focus on. Both however remain under the spell of Brexit.


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CoT Update: Crude Oil Speculative Long Positioning to Keep Shrinking

Last week, large speculators continued to sell as crude oil weakened, and with the techs turning broadly negative this is likely to continue.


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USD Outperformance on Merkel Exit, Fed QT and Month-End Rebalancing

Short term drivers may see the USD supported over the week. German political uncertainty on the rise as Merkel is set to step down. Fed Balance sheet unwind and month-end rebalancing to spur USD buying.


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EURUSD Struggling to Stay Above 1.1400, Sentiment Negative

EURUSD currently changing hands just above 1.1400 but with little momentum to the upside. The Italian budget debate continues to weigh, along with renewed German political fears.


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Yen, US Dollar May Rise as Commodity Currencies Fall with Stocks

The Yen and US Dollar may rise while commodity bloc currencies fall with stocks amid another wave of selling across the risky asset spectrum.


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Asia Stocks Mixed As Global Politics Eyed, USD Keeps Risk-Off Bid

It was a rather directionless start to the week overall for Asia Pacific equity. German and Brazilian politics were to the fore, with established orders pressured in both


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Malaysian Ringgit, Emerging Markets at Risk to China PMI, USD Gain

The Malaysian Ringgit may be at risk to the 2019 government budget as emerging markets are vulnerable to weaker Chinese Manufacturing PMI. More declines in stocks may send USD higher.


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Brazilian Real Gains On Bolsaro Win, Huge Challenges Ahead

The victory of far-right candidate Jair Bolsonaro in Brazil’s Presidential vote was widely expected and the Real has gained only modestly since


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Crude Oil Price Chart Hints at Major Bearish Trend Reversal

Crude oil prices appear to have established a major top having broken a 16-month uptrend. Gold prices may fall if US PCE inflation data tops forecasts.


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AUD May Fall with Nikkei, Euro at Risk. Markets Eye Brazil Election

Emerging markets and USD/BRL eye the Brazilian election results as Euro prices are vulnerable after the S&P Italian outlook downgrade. AUD may fall as Asia stocks follow S&P 500 lower.


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Weekly Fundamental Forecast: Risk Aversion Threatens to Define October with Capital and FX Markets on Edge

A notable sense of fear spread through the financial system this past week. Where concern could be attributed to certain asset classes or a fleeting swoon previously, there was little denying the storm brewing through Friday. Now, as stability hangs in the balance, the masses are recognizing the long list of threats we have accumulated these past months.


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Weekly Technical Forecast: Equities Suffer Key Technical Breaks, Dollar Uncertain of Its Role, Volatility Rising

Volatility was the technical hallmark of the past week. The US equity indices were undoubtedly offering up the most dramatic charts with critical breaks on fast-paced retreats. Yet, the implications of a systemic shift in conviction would not leave many corners of the market untouched.


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Global Equity Rout to Persist with eyes on BoE, Italy and Brexi

Another week of volatility as equity markets continue its descent. The deteriorating risk sentiment looks set to persist as defensive stocks continue to outperform cyclical stocks.


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Gold Weekly Technical Outlook: Breakout at Initial Resistance Targets

A four-week rally has gold testing a critical resistance zone into the monthly close. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


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Euro Forecast: After ECB, Downside in Focus as Italian Issues Fester

A dovish tilt by President Mario Draghi at the October European Central Bank meeting pulled the rug on the Euro at the end of the week, paving the way for more downside ahead.


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Japanese Yen Weekly Technical Outlook: Bull Trend Marches On

Heightened volatility in global bond and equity markets continues to prove beneficial for the Japanese Yen.


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EUR/USD Weekly Technical Outlook: Can the Euro Continue Friday’s Reversal?

Last week the euro sold off, breaking a few levels along the way before reversing from near sizable support; how far it can rally from here is in question, though.


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Gold Price Outlook Tied to Equity Performance, S&P500 Rebound

Gold has been the beneficiary of a highly volatile equity market this month and the trend could continue if equities fail to stabilize.


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US Dollar Aims Higher on Liquidity Appeal Amid Market Rout

The US Dollar looks likely to continue upward after hitting a 17-month high as its unrivaled liquidity continues to attract demand amid broad-based risk aversion.


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GBP: Brexit, Budget and the Bank of England

A busy week for Sterling traders ahead but the overall market trend will continue to be dominated by Brexit, and that may not be good news for an under-the-cosh British Pound


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Dollar Advancing to 16-Month Highs Depends on Its Preferred Correlation

The DXY Dollar Index has distorted the path of a bearish reversal pattern. However, decision between a continued climb to 16-month highs or retreat to range depends on whether it takes cues from VIX or Fed Funds futures.


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USD/CAD Rate Threatens Bearish Trend Ahead of U.S. NFP Report

USD/CAD rallies to fresh monthly highs even as the Bank of Canada (BoC) delivers a hawkish rate-hike, and topside targets remain on the radar as it threatens the bearish trend from June.


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Crude Oil Set For Third Weekly Decline Chasing Stock Markets Lower

Crude oil is working on its worst month since 2016 as risk sentiment soured significantly as October comes to a close and a mixed signal is coming from OPEC on potential production.


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The Signs of A Looming Bear Market are Stacking Up - Quick Take Video

The S&P 500 led US equity indices to a dramatic tumble this past week that broke records for an overnight gap lower and put the benchmark into corrective territory. What signals should we look for to indicate a drop in risk is turning into a bear trend?


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US Q3 GDP Preview - Unlikely to Change the Fed’s Hiking Intentions

The US dollar continues to push higher, aided by a ‘safety-bid’ during this week’s market turmoil. A strong GDP reading will only add to the greenback’s attraction.


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JPY Bulls Dominate vs EUR, GBP and AUD as Safe Haven Flows Pour in

Amid the market turmoil in equity markets there has been one major beneficiary, and that is the Japanese Yen. Risk off sentiment has continued to spur safe haven flow in the Yen.


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GBPUSD Analysis: Eyeing a Fresh 16-Month Low

Sterling remains under heavy selling pressure and a break below the September 5 low could see the pair tumble to, and below, the recent 16-month low at 1.26620.


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S&P 500 and Nasdaq 100 Charts – Amazon, Google Earnings Weigh Today

This week both the SPX and NDX broke key trend support, then tested yesterday; but today stocks will start on their heels again on afterhours sell-offs in Amazon and Google.


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Reducing Risk May Be New Default Setting for Financial Markets

Reducing exposure to risky assets like stocks and growth-geared currencies is beginning to look like the new default setting for global financial markets.


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Asian Stocks Wilt As Wall St Futures Slip, US GDP In Sights

Regional markets were hammered again as signs suggested that US equity’s fightback would be temporary. Risk aversion hit the Australian and New Zealand Dollars.


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Yen Price May Rise, Look Past BoJ, Eye Vulnerable Stock Markets

A lull in key event risk exposed stocks to bigger adverse fundamental themes as the Japanese Yen rose. It may keep going, looking past the BoJ as the S&P 500 still remains vulnerable.


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Gold Prices Struggle to Capitalize on Market Meltdown

Gold prices are struggling to capitalize on a sweeping selloff across financial markets as haven demand buoys the US Dollar instead.


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An Underappreciated Technical and Fundamental Appeal of EURAUD

Alone, the technical picture of EURAUD is not particularly convincing. However, when we break down the individual technical and fundamental pictures for the Euro and Aussie Dollar, something more interesting comes to light.


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Dow and US Equities Bait Dip Buyers and Recovery Skeptics Alike, Will GDP Factor?

The dive from US equity indices on Wednesday still marks the charts like a nasty scar. But there was a tentative sense of healing from these battered pace-setters following a substantial rebound this past session.


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EUR/GBP Technical Analysis: Slope Resistance Holds, Ascent at Risk

The dominant downtrend in EUR/GBP prices still holds and the near-term uptrend is at risk to fading upside momentum after August slope resistance kept prices at bay.


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Will Asia Follow S&P 500 Higher? Draghi Sinks EUR/USD to Support

European and US equities recovered, though S&P 500 futures are pointing lower. Can the Nikkei 225 follow Wall Street higher? Meanwhile ECB’s Mario Draghi sunk EUR/USD towards support.


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S&P 500 to Look Elsewhere for Support After Disappointing Earnings

Alphabet, Amazon, and Intel reported earnings after the close but a basket of mixed results will likely prove troublesome for tomorrow's equity session.


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AUD/USD Rate Holds Narrow Range Ahead of U.S. GDP, Australia CPI

AUD/USD clings to the monthly range, but the broader outlook remains mired by the exchange rate continues to track the bearish trend from earlier this year.


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USD Price Action Setups as Dollar Bulls Stampede Through Resistance

Dollar bulls have put in a very strong two-week stretch, and prices are fast-nearing the 2018 high around the 97.00 handle. This sets up a backdrop of interesting possibilities across the majors.


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EUR/USD: Weekly Short Positions Drop 13%

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


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USD/JPY Bull Trend Vulnerable to Swings in Risk Sentiment

USD/JPY appears to be responding to the gyrations in risk sentiment, but the exchange rate may continue to threaten the bullish trend it carves a series of lower highs.


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EUR/USD Price Outlook: Euro Sell-off Intensifies– Support In View

A break of the October range takes Euro into more significant support objectives just lower. Here are the targets & invalidation levels that matter on the EUR/USD charts.


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Brexit Effect on Pound and UK Stocks: Impact of Deal or No Deal

As Brexit negotiations between the EU and the UK continue, here's how Sterling, the FTSE 100 index of London stocks and other assets might respond to the various deal or no-deal scenarios.


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AUD Rises on Market Bounce, ECB Upbeat Despite Global Market Jitters - US Market Open

The Euro was initially firmer following the President Draghi’s press conference in which the President provided a relatively confident view on the Eurozone.


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US Dollar Softens From Fibonacci Resistance as EUR/USD Holds the Lows

This morning's ECB rate decision brought little by way of new information, but the Fibonacci resistance in the US Dollar continues to hold, helping EUR/USD catch a bounce.


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Euro Treads Water as ECB Makes No Changes to Policy

As was widely anticipated, the ECB’s Governing Council kept its main rates on hold and signaled its continued intention to end its QE program in December 2018.


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EUR Direction Dependent on ECB’s Guidance on Growth Outlook

The ECB will take centre stage today which is expected to keep all rates unchanged with particular focus placed on President Draghi’s press conference.


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Crude Oil Price Finds Support But Market Fears Remain

Crude oil has bounced off a strong technical support level despite increased fears of a global slowdown. Further re-tests may see support break.


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FTSE Technical Analysis – March Lows Come Under Assault

The last bounce didn't last as anticipated and now the FTSE is at a big test with global markets on their heels.


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Global Market Sell-Off Continues, S&P 500 and DJIA Erase YTD Gains

Risk off sentiment looks to persist as defensive stocks outperform cyclical stocks. Nasdaq enters correction territory.


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GBPUSD Heading Lower, Ignores PM May’s Reprieve

Sterling continues to test the downside and is set to head even lower as Brexit fears continue to dominate market thinking.


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EUR/GBP Working on Bearish Price Sequence, Update on USD/ZAR Set-up

Today, I looked at a fresh set-up while revisiting one looked at last week which has yet to trigger and may have an alternate route depending on further price action.


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Euro May Fall Further on Dovish Shift in ECB Rhetoric

The Euro may fall further as slowing growth and political turmoil in Italy inspire a dovish pivot in European Central Bank forward guidance.


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Crude Oil Prices May Bounce But Gains Unlikely to Prove Lasting

Crude oil prices may rebound against the backdrop of improving market-wide sentiment but any respite from the developing down trend is unlikely to prove lasting.


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ASX 200 Dives Through Support, Following S&P 500. Euro Eyes ECB

Asia Pacific benchmark stock indexes echoed Wall Street lower as the ASX 200 blew through support, exposing 2017 lows. Euro eyes the ECB but risk trends may dominate trading dynamics.


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Australian, New Zealand Dollars Menaced by Resource Nationalism

The Australian and New Zealand Dollars are vulnerable as the rise of resource nationalism threatens to compound pressure on already battered market sentiment.


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Revisiting What Qualifies a True Reversal After the US Equity Rout

Volatility should not be miscontrued as conviction. However, sharp moves and technically prominent price developments can lower traders' rigorous criteria as the opportunity of systemic moves seems to grow.


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Nikkei 225 Technical Analysis: Oct Falls Threaten 2-Yr Uptrend

In common with many other developed market indexes the Nikkei 225 has endured a miserable October. Where it ends the month could be most interesting.


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Pending Short AUD/USD. Prices at Risk to Stocks, Higher BoC Rate

Global stock markets continue to wobble as Wall Street was aggressively hit. Prospects of more weakness in stocks and a diminishing yield advantage argues in favor of shorting AUD/USD.


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Nasdaq Leads US Markets with Worst Drop in 7 Years, Will ECB Surprise More than BoC?

The US indices suffered significant losses this past session to break broad trendline support. What is motivating this possible shift in course? We discuss that in today’s Trading Video.


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US Dollar on Pace to Set New 2018 High as Stocks Echo 2008 Plunge

US Dollar prices cleared resistance, opening the door to eye new 2018 highs as the Wall Street selloff rate echoed the 2008 Financial Crisis plunge. Nikkei 225 and ASX 200 are at risk next.


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Oil Price Outlook Mired by Bearish RSI Formation, Shift in Sentiment

Oil prices may continue to pare the advance from earlier this year as the bearish momentum spurs a material shift in retail sentiment.


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GBP/JPY Price Outlook: Bears Pound Support to Fresh Lows

A break below a multi-month range has awoken the bears with prices at risk for further losses. Here are the targets & invalidation levels that matter on the GBP/JPY charts.


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EUR/USD Snaps Monthly Opening Range Ahead of ECB Meeting

EUR/USD facing a growing risk of giving back the rebound from the 2018-low as the exchange rate snaps the opening range for October.


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Dow Jones Re-Tests 25k: Wall of Worry Proving Too Tall to Climb

US equities continue to wobble, and a week of lower-highs in the Dow makes for a disconcerting backdrop for bulls. Will buyers be able to overcome the growing series of global risks?


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Crude Oil Price Outlook: WTI Breakdown Testing Initial Support

Crude has plummeted more than 13% off the monthly high with price responding to initial support. These are the targets & invalidation levels that matter on the WTI charts.


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Canadian Dollar Rebounds as Bank of Canada Hints at Hike Strategy

The negotiation of the new USMCA deal, removed a great deal of uncertainty for the Canadian economy, paving the way for the Bank of Canada to resume hiking rates.


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USD/CAD Plunges after BoC Hikes Key Interest Rate to 1.75%

The Canadian Dollar climbed versus its southern counterpart after Canada’s central bank expectedly hiked the overnight benchmark rate by 25 basis points.


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EUR Slips on Slowing Growth, Politics Grips GBP - US Market Open

The Euro remains on the backfoot having broken below 1.14 following a wave of soft PMI figures. Political uncertainty holds its grip on the Pound, USD hits a 9-week high.


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EUR/USD, GBP/USD Fall to Fresh Lows as USD Breaks Out to Key Level

The US Dollar has finally broken out from 96.04, but prices soon ran into another resistance level at 96.47. With ECB on the docket for tomorrow, can USD bulls and Euro bears continue to push?


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Crude Oil Analysis: Trendline Break Increases Downside Risk

The sentiment for the energy complex has become increasingly bearish amid the equity market rout, while a hint from Saudi Arabia that they could boost production has also added to the selling.


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Bank of Canada (BoC) Preview: Dovish Rate-Hike to Fuel USD/CAD Strength

The Bank of Canada (BoC) meeting may shake up the near-term outlook for USD/CAD as the central bank is expected to increase the benchmark interest rate to 1.75% from 1.50%.


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Bitcoin, Ethereum, Ripple: Low Volatility Deja Vu | Webinar

The cryptocurrency market is flat and dominated by extremely tight trading ranges but there remains the real possibility of a sharp break-out, in either direction.


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Technical Analysis for Crude Oil, Gold Price, S&P 500, Dow, DAX & More

Crude continues to break support levels, gold at risk of turning down off resistance, while global indices try and stable themselves after hard breaks.


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Gold & Silver Price Analysis – Resistance Turns Bias Lower

Gold has been livelier than silver, but now that resistance has been met precious metals are at risk of turning lower again.


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EURUSD Price Threatens sub-1.1400 as Euro-Zone Sentiment Sours

EURUSD slipped to a fresh two-month low in early turnover after the latest Euro-Zone PMIs showed economic activity dropping off sharply.


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GBPUSD Eyes Crucial Support Ahead of PM May Speech

Theresa May will make an address to the 1922 Committee of backbenchers in parliament as the Prime Minister seeks relative calm over her Brexit plan.


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Gold Prices May Turn Lower, Crude Oil at Risk of Deeper Losses

Gold prices may turn lower as US data reinforces a hawkish Fed policy outlook, sending the Dollar higher. Crude oil prices may continue to suffer alongside stocks.


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Yen May Resume Rise as Aussie, NZ Dollars Fall as Market Mood Sours

The Yen may resume its advance while the Australian and New Zealand Dollars face renewed selling pressure as market-wide sentiment sours anew after a brief respite.


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Asian Stocks Fight Back From Early Losses, Oil Near 2-Month Lows

Asian share markets faced another session short of local data and so were left with some old themes, notably that of trade tensions. Still, many markets managed gains as the close neared


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USD/IDR Risks Reversal While USD/MYR Price Eyes Uptrend Resumption

The USD/IDR weekly chart shows warnings that its next leg might be lower while USD/MYR could be heading higher. We also examine the technical outlook for USD/PHP and USD/SGD prices.


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EUR/USD Technical Analysis: Euro Sellers Threaten October Bottom

The Euro is challenging support at October’s swing bottom after a tepid upswing against the US Dollar was rejected at near-term trend resistance.


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Japanese Yen Technical Analysis: Charts Suggest USD Winning, Just

The Japanese Yen has forced Dollar bulls to defend their dominant uptrend channel once again and they have, but it is looking shakier than it has for a while


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Crude Oil Risks 2017 Uptrend Reversal as Stock Selloff Continues

Crude oil prices had their worst day since 2017 and risked a dominant uptrend reversal as the DAX and S&P 500 resumed falling. Corrective pressures may pause Nikkei 225 declines for now.


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USD/CAD Price Outlook: Canadian Dollar on the Edge ahead of BOC

Price is testing a critical resistance zone ahead of tomorrow’s interest rate decision. These are the targets & invalidation levels that matter on the USD/CAD charts.


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US Dollar Price Action Setups as 96 Resistance Remains For Now

Stocks are bouncing from fresh lows after a spill to kick off this morning's US session, and the US Dollar is holding near resistance after a fourth failed test to punch through 96.04.


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Bearish EUR/JPY on EU’s Rejected Italy Budget, Tight Conditions in Japan

Risk looks to be in freefall with risk-off moves across global assets and a possible position squeeze hitting every asset from equities, to rates, to commodities that is leading to JPY strength in a flight to safety.


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Oil Price Forecast: Bearish Momentum Gathers Pace as OPEC Changes Gears

Crude tumbles to fresh monthly lows as OPEC changes gears, with oil prices at risk for a further decline as the bearish momentum appears to be gathering pace.


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USD/JPY: Weekly Short Positions Decrease 9% Prompting a Bearish Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


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GBP/USD: Weekly Short Positions Decrease 34% Sparking Bearish Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.


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USD/JPY Bull Trend Remains Under Threat Amid Ongoing Shift in Sentiment

USD/JPY may exhibit a more bearish behavior over the days ahead as the pickup in volatility appears to be accompanied by an ongoing shift in sentiment.


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Gold Price Outlook: First Major Test for the XAU/USD Breakout

Gold is up more than 4% off the October low with the rally testing big technical resistance. These are the targets & invalidation levels that matter for XAU/USD from here.


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EUR/USD Range Vulnerable as Rebound From 2018-Low Unravels

EUR/USD stands at risk of giving back the rebound from the 2018-low as the exchange rate threatens the range-bound price action from earlier this month.


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US Dollar Grinds at Resistance as Dow, S&P Re-Test the Lows

Risk aversion has shown up again and both the Dow and S&P are testing prior October lows. Meanwhile, the US Dollar grinds at the 96.04 resistance level.


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JPY Surges on Equity Rout, GBP Leaps on Custom Union Report - US Market Open

US equity futures are firmly in the red with the Dow Jones shedding over 400 points sparking safe haven flow into the JPY.


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DXY Index Advance Checked by Eerly-October High

Traders are jettisoning higher yielding currencies and risk-correlated assets once again.


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Technical Outlook for EUR/USD, USD/JPY, NZD/JPY, Gold Price & More

The Euro is caught between levels but leaning lower, JPY-pairs are at risk of further weakness, gold price is giving its first test of resistance a strong go.


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How does a leadership challenge to a UK Prime Minister work?

As Brexit discussions enter its most difficult phase yet, PM May once again finds herself under intense scrutiny at the top of a fractured government that is unable to unite over her plans to leave the European Union.


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US Dollar (DXY) Touching a Two-Month High

The US dollar (DXY) continues to rally and may be ‘jawboned’ higher over the next couple of days.


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Rand Report : Mid-term budget speech

USD/ZAR, Investors, South Africans and ratings agencies are poised anxiously awaiting the outcomes for the mid-term budget speech.


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Italian Bond Yields Lower But Euro Remains Weak

The contentious Italian budget is expected to be back in the headlines today when the EU Commission pass their verdict. And it is not likely to be good news for Italy, or the euro.


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DAX 30 and CAC Charts – Macro-techs Continue to Worsen

The DAX is breaking the big-picture H&S neckline, CAC gapped to its worst levels since August of last year; things are turning macro for major Euro-zone indices.


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Yen Aims to Extend Gains as Market-Wide Selloff Continues

The Japanese Yen is poised to continue higher as risk appetite withers across financial markets. The Australian and New Zealand Dollars may suffer the lion’s share of losses.


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Nikkei 225 Fall May Precede Wall Street Selloff. AUD, NZD at Risk

The Nikkei 225, ASX 200 and other APAC equities traded lower as markets focused on bigger geopolitical and economic themes. Wall Street may echo weakness, sending AUD and NZD lower.


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Crude Oil Prices Pressure Key Support, API Inventory Data Due

Crude oil prices are pressuring support guiding the rising trend since February as API inventory flow data enters the spotlight. Another build in stockpiles is expected.


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NZD/USD Could Slip Well Under This Year’s Lows

The New Zealand Dollar has broken below its most recent dominant uptrend and now looks set to retry 2018’s lows once again. They may not hold


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Australian Dollar, ASX 200 Add Politics to Their Long Problem List

The Australian Dollar and the ASX 200 stock index have been hit by a local election result which has cost yet another Aussie government its parliamentary majority.


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AUD/USD Technical Analysis: October Swing Bottom Under Fire

The Australian Dollar looks to be resuming the downtrend against its US namesake, with sellers taking aim at October’s swing bottom once again.


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Can US Dollar Price Gains Last as S&P 500 Index Fell? JPY May Rise

Weakness in European and US stocks lifted the US Dollar, but technical analysis warns its next move could be lower. Asia Pacific equities may echo S&P 500 index declines, boosting JPY.


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Bearish AUD/USD Sequence Raises Risk for Fresh 2018 Lows

AUD/USD continues to pare the rebound from earlier this month, with the exchange rate at risk for fresh 2018 lows as it extends the bearish sequence from the previous week.


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DXY Index Tests 96.00 After US Treasury Bill Auction

The US Treasury offered another $84 billion in bills Monday, with the Dollar basket testing 96.00 ahead of the much anticipated Q3’18 US GDP figures Friday.


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SP 500, NASDAQ, and EURUSD Vulnerable to More Losses

SP 500, NASDAQ and EURUSD appear vulnerable to additional losses over the medium term.


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US Dollar Technical Analysis: Breakout Looms As DXY Has Bullish Momentum

Technical traders favor the adage that momentum leads price. If that’s the case, traders may soon see the US Dollar Index test the August high of 96.98.


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GBP/USD Drops Through 1.3000 to Find Support at 88.6% October Fib

Sellers have come back in the British Pound, and GBP/USD is trading below a big level after prices dropped below 1.3000.


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USD/CAD Weekly Technical Outlook: Price at Key Resistance, BoC on Tap

US Dollar is up more than 2% month-to-date with price testing key resistance ahead of the Bank of Canada. These are the levels that matter on the USD/CAD weekly chart.


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GBP/USD Forecast: Post-EU Summit Weakness to Persist as Bull Trend Snaps

Recent price action in GBP/USD raises the risk for a further decline in the exchange rate as it carves a series of lower highs following the EU Summit.


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Weekly Trade Levels for US Dollar Majors, Gold, Crude Prices & More

Strategy Webinar highlighting featured setups we’re tracking this week. Here are the updated targets & invalidation levels that matter on the technical charts.


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FX Setups for the Week of October 22, 2018

Risk aversion themes continue to carry some pull across near term price action, and for this week the Yen appears to be of interest for either risk on or risk off backdrops.


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GBP Plummets on No Confidence Vote Risk, AUD Slips as Hung Parliament Looms - US Market Open

The Pound is the worst performing G10 currency with losses of 0.9% as Brexit concerns continues to plague the Pound.


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US Dollar Strength Persists as Euro, Sterling Beset by Headline Risk

Dollar strength has come roaring back on the open of a fresh week, and prices look poised for a re-test of the 96.04 level on DXY, which has already produced three Q4 resistance inflections.


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UK Week Ahead: Tough Week Ahead for UK PM May | Webinar

UK PM May is expected to be called in-front of the influential 1922 Conservative Committee to justify her Brexit negotiations, and a poor performance may rubber-stamp her future.


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Weekly CoT Update: Speculators Buy Gold at Record Pace, Sell More Euros

Last week, large speculators bought gold at fastest one-week pace, while building the largest short position since early last year.


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Q3 Earnings Kicks into High Gear, Relief Rally for Italian Assets

S&P 500 futures are modestly firmer to begin the week, following the surge in Chinese assets overnight, while 158 companies are due to report over the coming week.


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EURGBP Price: Facing a Cluster of Resistance Levels

EURGBP rally coming close to a convergence of technical resistance levels which may prove difficult to overcome in the short-term.


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EURUSD Downside Still Favoured Despite Italian Bond Boost

EURUSD upside remains capped as traders wait for the latest ECB monetary policy meeting on Thursday.


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Yen at Risk as Stocks Rise, Aussie Dollar Down on Local Politics

The Japanese Yen is vulnerable as markets start the week in an upbeat mood. The Aussie Dollar is lagging after the ruling Liberals lost a key by-election.


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Chinese Stocks Surge Again, Taking Others With Them, ASX Lags

The prospect of more market supportive measures out of Beijing saw Chinese stocks set for a very positive start to the week. The Euro and Sterling were much less exuberant however


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Gold Prices Struggle for Direction, Chart Setup Warns of Weakness

Gold prices are struggling to find direction as the US Dollar and benchmark Treasury bond yields diverge but technical positioning hints a downturn may be brewing.


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PHP, PSEi Index Soar. USD/IDR Eyes Bank of Indonesia, China Slows

Despite some USD gains, PHP soared alongside the PSEi index as rates may be put on hold. IDR prices face forward guidance from the Bank of Indonesia and China’s economy slowed.


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NZD/USD Technical Analysis: NZ Dollar Downtrend Ready to Resume?

The New Zealand Dollar may be preparing to resume the downward trend against its US counterpart following a corrective recovery.


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ASX 200 Technical Analysis: Charts Say Oct’s Close Could Be Key

The ASX 200 has endured a tricky month, in common with many other global indexes. However the Aussie benchmark’s position has been made more precarious by the fall through 6,000


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CAD Falls on CPI, AUD May Gap Lower as Euro Price Risks Reversal

The Canadian Dollar fell on a softer-than-expected CPI report as the British Pound saw knee-jerk volatility. AUD/USD may gap lower given political uncertainty as Euro risks a reversal.


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Japanese Yen Weekly Technical Outlook: Pause Doesn’t Mean Bull Run is Over

The Japanese Yen’s bull run slowed last week, and despite losing ground against three currencies, the Yen remains the best performing major currency in October.


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Euro Forecast: Preliminary October PMIs and ECB Meeting on Tap

The Euro barely made any net-progress last week, but a busy economic calendar – including an ECB rate decision – and lingering concerns about Italy will dictate price action moving forward.


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Weekly Fundamental Forecast: Markets Trade the EU Summit for ECB Rate Decision and US GDP Next Week

High level fundamentals proved substantive this past week between a possible Brexit path after the EU Summit and the slowest pace of growth for China in 9 years. Ahead, the scheduled updates are still material – such as US 3Q GDP as well as ECB and BOC rate decisions – but we should also keep aware of the deep fundamental currents like risk trends and trade wars


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Weekly Technical Forecast: A Retreat in Global Equities and EURUSD Has Held Up to Trend, What Is Next?

For many assets this past week, the charts speak to a stalled effort to mount more meaningful reversals. With major equities like the Dow and FTSE 100 holding trendline resistence, EURUSD steadying at 1.1450 once again and Gold waffling above $1,210, conviction seems temporarily displaced. What are the levels to watch as we project the next move?


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US Dollar Regains Momentum, Aims to Capitalize on Market Turmoil

The US Dollar may continue to push higher against a backdrop of risk aversion after the Fed signaled it won’t abandon rate hikes to rescue swooning stock prices.


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Eying Trendline Support for the Dow, GDP for the Dollar, Italy for Euro

Late reports that Italy’s credit rating was downgraded and the UK government was considering compromise on the border to move Brexit negotiations will kick off next week. Risk trends, an ECB decision and US GDP will fill carry us further.


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Yuan Faces Eased Pressure from Equities, Yet Lacks New Momentum

The Chinese Yuan may avoid plunging driven by sentiment from Chinese equities; however, its bearish trend has not yet changed, without fundamental improvement.


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FX Week Ahead: BOC on Wednesday, ECB on Thursday, Q4’18 US GDP on Friday

Two central bank rate decisions and a slew of important US economic data culminating in the Q4’18 US GDP report on Friday should keep traders busy all week.


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Can the Dollar Draw from EURUSD, USDJPY to Return to 15 Month Highs?

The Dollar staunched its bleeding this past week, but the rebound put the EURUSD back 1.1450 didn’t seem to carry the intent of a true breakout and follow through. It is crucial measure conviction as much as identify key levels.


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Technical Forecast for Dow, S&P 500, FTSE 100, DAX and Nikkei

It was a week of relief for equity bulls, as global stocks dug into support after last week's rather pronounced sell-off. But now that support is in, will bulls follow-through?


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AUD/USD in Consolidation. GBP/AUD Risks Reversal, AUD/NZD More so

AUD/USD prices are kept at bay by support and resistance barriers. GBP/AUD is very close to reversing its dominant uptrend, but not as close as AUD/NZD which is already turning lower.


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S&P 500, Dow Volatility Reflected in Deadlocked ETF Flows

This week saw deadlocked fund flows as investors assessed differing fundamental themes.


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Gold Weekly Technical Outlook: Price Rally Fizzles Ahead of Resistance

A three-week rally has gold trading just below a critical resistance range in price. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


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GBPUSD Weekly Technical Outlook: Higher Prices Unlikely

Sterling slipped by over 2 cents against the US dollar over the week, breaking back through support to trade at a two-week low.


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Near-term Trade Setups in EUR/USD and USD/JPY

An update on near-term trade setups we've been tracking in EUR/USD and USD/JPY. These are the targets and invalidation levels that matter heading into next week.


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Euro Biased Lower But Weekly Chart Shows Warning Sign for Sellers

The Euro still seems biased lower against the US Dollar but technical positioning has turned muddy, with the weekly chart warning of a possible reversal ahead.


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Global Indices Lookahead: FTSE MIB Eyes Italian Budget, Amazon Earnings in Focus

Key events over the upcoming includes the EU Brexit summit, Italian Budget submission, German state election and Q3 earning season.

US Dollar Softens at Resistance as Dow, S&P Attempt to Stabilize

The US Dollar posed a support to resistance run in the middle of this week, but that topside move is softening after prices encountered a big resistance level.

DXY Index Hovers Below October Highs; USD/CAD at Six-Week High

The US Dollar is set to close out the week near its highs for the month.

CAD Slumps on CPI, AUD Rises Despite Slowing China - US Market Open

The Canadian Dollar slumped to the lowest level against the greenback in 6-weeks after a larger than expected drop in CPI and retail sales data.


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Lackluster Canada Consumer Price Index (CPI) to Fuel USD/CAD Strength

Canada’s Consumer Price Index (CPI) may do little to curb the recent strength in USD/CAD as the headline reading is expected to slow to 2.7% from 2.8% per annum in August.


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Bitcoin (BTC) Leaking Lower in Low Volume Trade

The cryptocurrency market as a space is grinding lower, dominated by tight trading ranges and low volume, and a break-out is becoming increasingly likely.


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EUR Presured on Contagion Risks as Peripheral Bond Yields Surge

The Euro remains under pressure and is heading towards the 1.14 handle amid the concerns over the Italian budget, setting the EU and Italy on a collision course. While rising peripheral bond yields have increased concerns over contagion.


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USD Strength: Is a Strong Currency Good or Bad?

Politicians like to argue a strong currency is a vote of confidence in them. Economists say ‘it depends’. For traders, what really matters is the impact on other currencies and assets.


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GBPUSD Price Continues to Press Lower, Testing Support Levels

Sterling steadies after taking a post EU Summit hit Thursday when GBPUSD broke through a noted technical support level.


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AUDUSD Short: The Trade War Barometer

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Yen, Franc and US Dollar Fall in Cheery Markets. Will This Last?

The Yen, Franc and US Dollar may fall further as the markets’ mood turns cheery in the final hours of the trading week. Optimism may prove fleeting however.


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Asia Stocks Gap, Pare Losses. Canada CPI Beat May Hurt TSX Index

Asia Pacific benchmark stock indexes gapped lower but pared losses. The anti-risk Japanese Yen fell. Hawkish Fed commentary may reignite stock selloff as the TSX falls on Canadian CPI.


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Crude Oil Prices May Bounce as Overall Market Mood Brightens

Crude oil prices may rebound alongside stock prices as market-wide risk appetite recovers in the final hours of the trading week.


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AUD Price at Risk to Political Uncertainty, Fed Bets, BoC Rate Hike

The Australian Dollar looks vulnerable, threatened by Prime Minister Scott Morrison losing his majority, rising hawkish Fed policy bets and the Bank of Canada overtaking the RBA.


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Has the Fundamental Fog Lifted for Canadian Dollar, Euro and Pound?

When there is a prominent event risk dead ahead or there are too many themes competing for a market’s attention and progress can grind to a halt. Certain unknowns eased recently for the Euro, Pound and Canadian Dollar.


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Australian Dollar Falls as Soft China GDP Hurts RBA Rate Hike Bets

The Australian Dollar and local 2-year bond yields fell as China’s disappointing GDP datacooled RBA interest rate hike bets. Trade wars are also likely continue weighing on the Aussie.


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Dow and Risk Trends Deflate as Brexit and Italy Override Netflix Earnings

Global investors were given a few opportunities to leverage their defacto bullish bias of previous months recently. However, Netflix earnings and fading Fed rate forecasts have found little traction while Brexit and Italy are global concerns.


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Italy Budget Woes Strike Euro Prices Again, Yen May Resume Gains

Italy budget woes struck again, weakening the Euro and bolstering the US Dollar. Meanwhile, China’s GDP may slow which threatens the Australian Dollar as the Japanese Yen gains.


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AUD/USD Recovery Vulnerable to Fresh Series of Lower Highs & Lows

The advance from the 2018-low (0.7041) may continue to unravel as AUD/USD initiates a fresh series of lower highs & lows.


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Crude Oil Weekly Technical Outlook- WTI Testing Critical Price Support

A reversal off multi-year highs has taken crude prices back into key uptrend support. It’s make-or-break here. These are the levels that matter on the WTI weekly chart.


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US Dollar Price Action Setups as Risk Aversion Takes Another Swing

Risk aversion showed up again this morning as US stocks traded below short-term support. This comes along with a rather pronounced move of US Dollar strength.


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Shift in USD/JPY Sentiment Persists Even as Rebound Stalls

USD/JPY fails to extend the series of higher highs & lows from earlier this week, with the weakness accompanied by an ongoing shift in retail sentiment.


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Gold Price Outlook: XAU/USD Breakout to Intensify as Volatility Surges

Gold is up nearly 4% off the October low after breaking above yearly slope resistance. These are the targets & invalidation levels that matter for XAU/USD from here.


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S&P 500: Retail Traders Increase Weekly Short Positions Over 20%

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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EUR/USD, GBP/USD Trade Lower After Underwhelming Brexit Progress

The EU-Summit produced some progress, but contested areas still remain as EU and UK officials seem to have drawn their battle lines.


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Bitcoin Traders Continue to Conflict With Each Other

The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.


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Gold: Sentiment Foreshadows A Reversal higher

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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USD/JPY: Weekly Long Positions Soar 59% Prompting a Bearish Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


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EUR/USD: Weekly Long Positions Climb 10%

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


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Becoming a Better Trader – Fixing Mistakes, Working on Weaknesses

In this session, we discussed how to go about identifying your short-comings as a trader and then fixing them one at a time.


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GBPCHF Price Breaks Below Trendline Support, May Fall Further

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AUD Outperforms, WTI Back in Contango, CNY Slides - US Market Open

The Australian Dollar is outperforming in the G10 space this morning. This is largely on the back of the jobs report overnight in which the unemployment rate dropped to the lowest level since 2012.


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EUR/USD Drops to 1.1500, GBP/USD to 1.3100 as Stocks Consolidate

Equities are showing signs of consolidation as the Tuesday bounce held through yesterday's price action, but currencies are starting to put in some moves as USD strength remains prominent.


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USD/ZAR Chart Painting an Increasingly Bearish Picture

USD/ZAR is testing support at the moment, but a breakdown will have a topping pattern likely exerting further downside pressure.


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FTSE 100 vs FTSE 250: Brexit Outcome to Determine FTSE Outperformer

UK PM May is looking to reach a withdrawal agreement with the EU in order to avoid the UK from crashing out. The outcome of Brexit is likely to impact on the overall performance on the FTSE 100 relative to the FTSE 250.


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Gold Price: Struggling Against Strengthening US Dollar Headwind

The short-term gold rally has faltered this week as US dollar bulls take control of financial markets once again. Important support levels near and are under pressure.


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Euro Analysis: The Potential Impact of Brexit and the Italian Budget Clash

Even short-term traders need to be aware of the alleged flaws in the design of the European Union and the Euro highlighted by the current arguments over Brexit and Italy’s budget.


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GBP Price May Slip Further as Weak UK Retail Sales Compound Brexit Woes

UK retail sales data missed expectations in September, adding to concerns among GBP traders about a lack of progress in the Brexit talks.


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FTSE Technical Analysis – In Bounce-mode Again, March Lows Targeted

The FTSE is bouncing but with the trend still firmly lower and big support to have yet been met don't look for it to last before another leg lower develops.


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EURUSD Price: Multi-Month Lows Eyed on US Dollar Surge

EURUSD breaks below 1.1500 and looks set to move lower after the King dollar regains its crown, fueled by a hawkish FOMC statement.


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US Dollar May Join Yen on the Offensive as Market Mood Sours

The anti-risk Japanese Yen looks likely to continue higher as sentiment sours across financial markets. The US Dollar might be ready to follow suit.


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Fed Drives Asia Stocks Lower, Nikkei 225 Index May Resume Reversal

Hawkish FOMC meeting minutes helped to drive Asia Pacific benchmark stock indexes lower. The deterioration in market mood may continue, risking resuming declines in the Nikkei 225 index.


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Gold Prices Aim Lower as Expected Fed Rate Hike Path Steepens

Gold prices are aiming lower after minutes from September’s FOMC meeting reiterated the case for interest rate hikes. Immediate follow-through may be timid however.


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Why the Fed Will Slow its Hawkish Pace and How the Dollar, Markets Respond

Maintaining an aggressive forecast of a Fed rate hike in December requires more than just inflation, but how will the US Dollar react?


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USD/PHP Reverses But Can Declines Last? USD/MYR, USD/PHP May Fall

After numerous reversal warning signs, the Philippine Peso gained ground against the US Dollar but support is keeping USD/PHP at bay. Meanwhile USD/MYR and USD/PHP could fall next.


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ASX 200 Upswing May Precede Bearish Momentum from Chinese GDP

An ASX 200 upswing may be corrective within the larger downward trend, with prices at risk of succumbing to broad-based risk aversion and Chinese GDP.


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Dollar Benefits More from Euro and Pound Uncertainty than FOMC

The US Dollar has benefited from Euro and Pound weakness, in addition to hawkish FOMC minutes and fresh updates on its position in trade wars.


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AUD/USD Rises on Mixed Economic Data, Eyes US and China GDP Next

AUD/USD was cautiously upbeat following the release of September’s employment and business confidence data, but upside momentum is unlikely to continue.


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FOMC Minutes Fuel USD Recovery, AUD Price May Look Past Jobs Data

The US Dollar had its best day since September, boosted by weakness in the British Pound and then fueled by FOMC minutes. Meanwhile, AUD/USD may look past the Australian jobs report.


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Strong Australia Employment Report to Fuel Larger AUD/USD Rebound

Australia’s Employment report may curb the recent pullback in AUD/USD as the economy is anticipated to add another 15.0K jobs in September.


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Oil Price Outlook Mired by Rising Inventories, Shift in Retail Interest

Crude tumbles to a fresh weekly-low amid rising U.S. inventories, with the recent decline in oil prices accompanied by a shift in retail interest.


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Trading Forex and Indices with Fibonacci Retracements

Technical analysis is helpful as a risk management tool, and support and resistance are key to this approach. This article looks at using Fibonacci retracements for this pivotal purpose.


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Dow Jones Attempts to Build From Base of Chart Support

US stocks continue to string together signs of recovery after last week's rather aggressive sell-off.


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EUR/USD Rate Rebound Stalls Ahead of FOMC Minutes, EU Summit

The rebound in EUR/USD appears to have stalled, with the exchange rate at risk for a run at the monthly-low as it snaps the bullish series from earlier this week.


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GBP/USD Price Outlook: Sterling Trade Levels for Upcoming Brexit Talks

Price has carved out a clear weekly-opening range ahead of the EU / UK summit. Here are the targets & invalidation levels that matter on the GBP/USD charts this week.


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Euro Analysis: The Potential Impact of Brexit and the Italian Budget Clash

Even short-term traders need to be aware of the alleged flaws in the design of the European Union and the Euro highlighted by the current arguments over Brexit and Italy’s budget.


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US Dollar Rallies, Stocks Pullback Ahead of FOMC Minutes

The US Dollar put in a vigorous bounce from yesterday's fresh October lows, and equities are back in the spotlight after prices soften from yesterday's rally.


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EUR Soft as EU is Set to Reject Italian Budget, GBP Dips on Inflation - US Market Open

The Pound is among the worst performers in the G10 FX space with the currency dragged lower by the latest inflation report. EU to reject Italian budget plan.


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Dollar Up, Euro Down as Italy Budget Drama Takes Another Turn

Meanwhile, traders are awaiting the September FOMC minutes out later today.


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Bitcoin, Ethereum, Ripple: Low Volatility, High Risk | Webinar

The cryptocurrency market jumped then fell back Monday morning after stable coin Tether (USDT) broke below its 1:1 fiat US dollar peg.


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Nasdaq Lift on FAANG Stock, DJIA Rally Fizzles with FOMC in Focus

Nasdaq futures up 0.4% with FAANG stocks getting off to a good start for Q3 earnings, DJIA eyes FOMC as rally fizzles out.


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Eurozone Debt Crisis: How to Trade Future Disasters

If there is to be another Eurozone sovereign debt crisis, trading it will be difficult. However, the crisis that began in 2009 provides plenty of pointers on how to survive it and potentially even thrive from it.


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GBP Dips on Softer Inflation, Focus on EU Summit

GBP fell to session lows following the latest inflation report, whereby both the headline and core readings underwhelmed expectations.


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EURUSD Price: Driven by Brexit and FOMC Minutes

EURUSD slips lower as Brexit talks start ahead of the release of the latest FOMC minutes later this evening.


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Pound and Euro Volatility Likely as EU Leaders Talk Brexit, Italy

The British Pound and the Euro are bracing for fireworks as EU leaders gather for a summit that is due to focus on Brexit and may also address recent jitters in Italy.


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CAD, Crude Oil Prices Fall as Nikkei 225 Rises Before FOMC Minutes

Asia Pacific stocks rose Wednesday but the Yen was little changed. Weakness in crude oil prices hurt CAD. The British Pound looks vulnerable ahead of UK CPI data and FOMC minutes.


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What is More Important for the Dow: Netflix Earnings or Brexit?

How do the Dow, Netflix shares and the Brexit relate? Depending on which of the other two the index choses to follow, it can signal the systemic bearing for risk trends and the financial markets.


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Crude Oil, Gold Prices May Fall on Hawkish FOMC Minutes

Crude oil and gold prices may fall as the US Dollar gains and market sentiment sours after minutes from September’s FOMC meeting cross the wires.


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How Can China GDP Impact the Australian Dollar and S&P 500 Index?

China’s economy is expected to keep slowing in the third quarter and this may carry consequences down the road for Australian Dollar prices, the S&P 500 index and emerging markets.


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AUD/USD Technical Analysis: Aussie Downtrend Set to Resume?

Resumption of the Australian Dollar downtrend against its US counterpart may follow a test of resistance guiding the currency lower since late January.


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Dip Buyers Return to the S&P 500, Beware the EU Summit and US Government

The biggest rally for US indices in six months led to an audible sigh of relief amongst speculators, but is this a move that lasts against Trump’s pressure on the Fed, Brexit and Italian discussions at the EU Summit and other systemic risks?


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Dow Jones Price Gain to Fuel AUD/USD Reversal to Chart Trend Line?

The improvement in markets mood amidst US earnings lifted S&P 500 and Dow Jones prices as AUD/USD lined itself up for a potential reversal to the descending trend line from February.


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S&P 500 Posts Best Performance Since March, Netflix Shatters Earnings

Tuesday saw the Dow and S&P 500 stage a stellar rebound to recover slightly from last week’s rout as Netflix shattered earnings. Equities look strong heading into Wednesday.


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Gold Risks Larger Correction Amid Adjustment in Speculative Position

The recent pickup in volatility keeps the topside targets on the radar for gold as the correction appears to be accompanied by an adjustment in speculative positions.


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USD Unmoved Following Robust August TIC Data

The US Treasury released Treasury International Capital flows for August Tuesday afternoon, revealing some major holders of US debt reduced their holdings.


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US Dollar Price Action Setups: USD Tests 95 as Dow, S&P Bounce

Global equities put in a bounce from a key area of support today. But now the big quesiton is whether that can hold or whether another wave of selling is around the corner?


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USD/JPY Technical Outlook: Price Testing Yearly Up-Trend Support

Price has carved out a clear weekly-opening range just above yearly slope support. Here are the targets & invalidation levels that matter on the USD/JPY charts this week.


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GBP/USD Rebound Vulnerable to Slowing U.K. Consumer Price Index (CPI)

GBP/USD remains bid ahead of the fresh updates to the U.K.CPI, but failure to test the September-high (1.3299) may undermine the recent rebound in the exchange rate.


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GBP/USD Rebound Vulnerable to Slowing U.K. Consumer Price Index (CPI)

GBP/USD remains bid ahead of the fresh updates to the U.K.CPI, but failure to test the September-high (1.3299) may undermine the recent rebound in the exchange rate.


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EUR/JPY, GBP/JPY Primed as Risk Aversion Themes Yet to Abate

While risk aversion appears to be on hold, bulls have yet to make a convincing push off of the lows, and this could continue to carry impact in Yen-pairs.


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NZD Firms on Inflation Jump, Strong Wages Buoy GBP - US Market Open

Sterling rose to session highs after the latest employment report with UK wages beginning to show some signs of life. The Kiwi is flying high this morning after NZ inflation figures rose above analyst estimates


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US Dollar Dips Below 95.00; Dow, S&P Attempt to Recover From Support

US stocks have dug-into support and futures are showing a bounce ahead of the US open. Will bulls be able to push higher to erase last week's declines?


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US Dollar Erases Gains as Italy Secures Budget Deal, Brexit News Looms

US Dollar bounces in recent days have been shallow, a sign that traders are becoming more eager to sell.


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Risk Aversion Still Dominating Markets | Webinar

Trading sentiment remains poor in the financial markets after the recent drop in stock prices, with safe havens benefiting.


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Bitcoin (BTC) Price: Driven by Fidelity and Tether (USDT)

A sharp snap rally on Monday was soon sold off after fears that stable coin Tether (USDT) was causing problems on a major exchange. Later in the session, news broke that investment giant Fidelity is launching an institutional cryptocurrency trading platform.


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Trading Outlook for EUR/USD, EUR/AUD, EUR/JPY, Gold Price & More

The euro has a tentatively bullish outlook within the multi-month chop, EUR/AUD is generally constructive, while gold looks to trade towards first area of targeted resistance.


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US Crude Oil Price Dips as US-Saudi Tensions over Khashoggi Ease

Signs of an easing in tensions between the US and Saudi Arabia over the death of Saudi journalist Jamal Khashoggi have helped weaken crude oil prices.


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GBPUSD Boosted on Highest Wage Growth Since 2009

GBPUSD rose to session highs after strong wage figures with the ex-bonus reading hitting the highest level since January 2009.


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Brexit Latest: PM May Needs Support From a Fractured Cabinet

Sterling has edged higher after soothing words from EU leaders who still believe that a Brexit agreement can be struck if flexibility is shown. But closer to home, PM May must quell a growing Cabinet rebellion.


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DAX 30 and CAC Technical Outlook: Long-term Support in Play

The DAX is trading around important pattern support and above long-term trend-line, while the CAC is bouncing from 14-month levels.


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Pound Awaits Brexit Deal News, Euro Eyes Italian PM Conte Speech

The British Pound is hoping for signs of a Brexit breakthrough while the Euro eyes comments from Italian premier Conte amid worries of a looming clash with the EU.


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NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed

The New Zealand Dollar’s near-term uptrend against its US counterpart, bolstered by local headline inflation data, could pick up pace should the RBNZ’s core measure of prices follow suit.


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ASX 200 Price Gain May Reverse as Asia Stocks Rise, JPY & CHF Down

The ASX 200 may reverse some of its gains if Chinese GDP slows later this week. Most Asia Pacific stocks trimmed gains as the anti-risk Japanese Yen and Swiss Franc declined.


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Gold Prices May Struggle to Extend Gains Before FOMC Minutes

Gold prices rose as Fed rate hike bets softened amid risk aversion but follow-through may prove lacking as traders look ahead to minutes from September’s FOMC meeting.


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The Best and Worst Currencies to Trade This Week

According to complexity themes, a lack of clarity for the Dollar and unclear timing for Euro and Pound make for difficult trades.


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AUD Gains on Chinese CPI But Upside Follow-Through is Suspect

The Australian Dollar strengthened against the greenback after September’s Chinese CPI. However, risk-off sentiment may extend bearish momentum.


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Dollar, Euro and Pound Trading Over the Coming Days is Going to Be Fraught

DXY offers little clarity on direction, while Euro and Pound see the quiet before their respective Italian and Brexit storms.


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NZD/USD Technical Analysis: Six-Month Trend Resistance Under Fire

New Zealand Dollar rebounded against its US counterpart as expected, triggering a test of trend resistance guiding the currency lower since mid-April.


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Nikkei 225 May Extend Losses Amid Global Stock Sell-Off

The Nikkei 225 recently came off fresh 27-year highs to plummet back to September 2018 levels during market-wide risk aversion. Negative RSI divergence may point to a larger reversal.


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NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed

The New Zealand Dollar’s near-term uptrend against its US counterpart, bolstered by local headline inflation data, could pick up pace should the RBNZ’s core measure of prices follow suit.


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NZD/USD Soars on CPI Beat, RBNZ Rate Hike Expectations

The New Zealand Dollar traded higher versus the Greenback following positive CPI data which could prompt the RBNZ to lift the official cash rate off its record low.


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Oil Price Forecast: Higher Highs & Lows Spur Shift in Retail Interest

The recent rebound in oil spurs a shift in retail interest, but the broader outlook no longer remains constructive as the bullish trend from August unravels.


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GBP/USD: Weekly Short Positions Increase 14% Sparking Bullish Bias

Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.


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Uptick in New Zealand Consumer Price Index (CPI) to Fuel NZD/USD Rebound

Updates to New Zealand’s Consumer Price Index (CPI) may fuel the rebound in NZD/USD as the headline reading for inflation is expected to uptick in the third-quarter of 2018.


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Elliott Wave Patterns Suggest Continued Weakness in Stocks & DXY

SP 500, Dax 30, and NASDAQ appear vulnerable to additional losses. US Dollar Index has reversed towards weakness as expected and the current wave of appears incomplete.


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Bullish USD/CHF on Risk Resumption or ’The World is Not Ending’ Trade

Sharp moves lower in global indices have caused a keen focus on haven currencies, CHF & JPY. However, technical patterns in indices and USDCHF may show opportunity remains toward the upside.


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EUR/USD Price Outlook: Euro Reversal Eyes Initial Resistance Hurdle

Last week’s Euro price reversal is now targeting the first major test of resistance. Here are the targets & invalidation levels that matter for EUR/USD charts.


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Trade Levels for USD Majors, Gold and More amid the Recent Stock Drop

Strategy Webinar highlighting featured setups we’re tracking this week. Here are the updated targets & invalidation levels that matter on the technical charts.


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USD/JPY Bull Trend Snaps Even as BoJ Sticks to Dovish Forward-Guidance

Recent price action in USD/JPY raises the risk for a further decline as the dollar-yen exchange rate finally snaps the upward trend from earlier this year.


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USD Holds Support, GBP Choppy on Brexit Stand-Off - US Market Open

Brexit talks reached a stand-off over the weekend as issues over the Irish border persist. The Bavarian sister party to Chancellor Merkel and a key component of Merkel’s fragile coalition government lost its absolute majority


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GBPNZD: Pending Long on a Sell-Off

Traders who want Sterling exposure should consider a long GBPNZD position although we look for a lower entry level to mitigate for any possible Brexit-weakness.


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UK Week Ahead: Brexit Update and Heavyweight Data | Webinar

EU/UK negotiations are seemingly at an impasse with the Irish border situation still unresolved. Talks may even overshadow the latest set of UK jobs, wages and inflation releases.


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