Asian Stocks End Mixed, Most Bourses Down For 2018 Overall

Many regional indexes were closed, or closed early, for New Year’s Eve. Those that were open put in a mixed performance following news that Chinese manufacturing wilted in December


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USD/PHP Eyes CPI. Asia Markets Await US Shutdown News, Jobs & Fed

US Dollar weakness boosted ASEAN currencies. The Philippine Peso eyes domestic inflation data. Asia markets await key US new around jobs, the shutdown and Fed Chair Jerome Powell.


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NOK/SEK Technical Analysis: Bearish Forecast for 2019

NOK/SEK will both likely fall in 2019 amid forecasts of economic and political turmoil, but the Krone’s connection to crude oil may be an additional vulnerability that will drag the pair down.


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Technical Analysis: Where to Get Started and How it Can Help

There are a lot of ways to decide what to buy or sell and how to do it; but key for long-term consistency is the incorporation of risk management, and technical analysis can help.


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Australian Dollar Down As China’s Manufactruing PMI Stumbles

The Australian Dollar took only a modest hit Monday in response to the shock news that China’s manufacturing sector contracted in December for the first time since mid 2016.


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First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

The fourth quarter of 2018 produced key technical progressions across multiple asset crosses, setting up what should be a significant first quarter of 2019.


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Can China Manufacturing PMI Miss Fuel Risk Aversion in Thin Trade?

The US Dollar fell as the markets priced out even one Fed rate hike in 2019. Holiday trade still makes for volatile conditions. China Manufacturing PMI contraction may trigger a selloff.


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First Quarter 2019 Fundamental Forecasts for the US Dollar, Euro, Oil, Equities, and More

The fourth quarter and 2018 are now in the books, and the ongoingresurgence of market volatility and uncertainty around key thematic influences are set to carry into 2019.


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Equities Q1 Technical Forecast: Stocks May Rebound But Any Rally Not Expected to Last

Last quarter, the scene for stocks got progressively uglier, highlighted by an unusually weak December.


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US Dollar Q1 Technical Forecast: Fading Excitement Leads to Range as Bulls Shy Away from 98.00

The door could open to a deeper potential pullback in the US Dollar considering the currency's rangebound environment over the secondhalf of Q4.


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British Pound Q1 Technical Forecast: GBP/USD Shows Little Sign of Relief from Bearish Pressure

Losses persisted in the fourth quarter as Brexit/Political uncertainty showed little signs of abating, which in turn saw GBPUSD fail to maintain a foothold above the 1.3000 handle.


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Euro Q1 Technical Forecast: Despite Year-End Losses, Near-term Gains Not Out of the Question

EUR may experience some near-term strength against USD, CHF, and GBP but may underperform against JPY.


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Gold Q1 Technical Forecast: Pullback to Offer Opportunity in Early 2019

The recovery in Gold prices continued in the fourth quarter of 2018 after rebounding off confluence support near 1171 back in August.


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Oil Q1 Technical Forecast: WTI Crude Price Range at Best, Bear Breakdown at Worst

The worsening fundamental picture aligns with the massive price breakdown in crude that was witnessed in Q4.


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Japanese Yen Q1 Technical Forecast: Why USD/JPY Prices Might Fall in Q1 2019

Buyers of the Japanese Yen did their job in averting a major selloff in the currency during the final quarter of 2018.


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Equities Q1 Fundamental Forecast: Global Stocks Still Vulnerable After Brutal Selloff

A toxic mix of slowing economic growth, an ongoing trade war between the US and China, as well as political instability in Europe poisoned risk appetite across the equity space.


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US Dollar Q1 Fundamental Forecast: USD Buffeted by Market Volatility, Fed, Politics

The fundamental backdrop looks exceptionally tumultuous with several conflicting themes and complications making it difficult for the market to establish a prevailing trend.


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Pound Sterling Q1 Fundamental Forecast: GBP Rudderless on Brexit Permutations

It remains to be seen if a Brexit deal is confirmed, but the risks of a sharply lower British Pound may be slowly receding.


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Euro Q1 Fundamental Forecast: Missed Window of Opportunity at End of 2018 Portends Weak Start to 2019

For the Euro, being in a situation where political risks are cropping up while growth and inflation expectations are going down does not bode well for the future.


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Gold Q1 Fundamental Forecast: Price Likely to Continue 2018 Downtrend

Although Gold rallied amid rapid selloffs in equities in October and November, these were only minor recoveries.


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Oil Q1 Fundamental Forecast: Crude to Continue Sliding with Flush Demand and Waning Supply

Despite an incredibly painful quarter for crude, the outlook remains bleak.


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Japanese Yen Q1 Forecast: Haven in a Very Uncertain World

2018 was a tumultuous year in financial markets. So it’s perhaps strange that the Japanese Yen should be ending it very close to where it started. And yet it is.


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USD/JPY Sentiment: Net-Long Reaches a 9-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 USDJPY-bearish.


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EUR/USD Weekly Price Outlook: Euro Trading Levels Heading into 2019

Euro has defended 1.13 for the past six-weeks with price now testing monthly range highs. Here are the levels that matter on the EUR/USD weekly chart into the year-end.


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USD/JPY Initiates Bearish Series Even as Bearish Momentum Abates

Recent price action keeps the downside targets on the radar for USD/JPY ahead of the NFP report as the exchange rate initiates a fresh series of lower highs & lows.


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Price Action Themes for FX and US Stocks Ahead of the 2019 Open

US equities have continued to swing in both directions ahead of year-end, but the rise in volatility across risk markets in Q4 is undeniable. This article looks at themes of interest for 2019.


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Grey Swans: Low Probability Events to watch for in 2019

“Grey swans” are events still unlikely to transpire, but if they were to, there would be profound consequences for financial markets.


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Bitcoin Sentiment Sparks a Bullish Bias

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


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Fed Balance Sheet Reduction Poses Risk for Stock Markets in 2019

Throughout 2018, the unwind of the Fed's balance sheet has coincided with an increase in equity market volatility, while equity prices been hit


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Big-picture Technical Analysis for USD, Gold Price, Crude Oil, and S&P 500

Dialing back to the longer-term charts, several major markets have interesting technical backdrops which could lead to big moves in the weeks and months ahead.


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Becoming a Better Trader: How-to Videos

In this video series, a range of topics are covered geared towards trader development, from risk management to trading psychology to analytical techniques and strategy.


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Yen Up as Risk Appetite Sours But Market Mood Swings May Mislead

The anti-risk Japanese Yen traded higher as risk appetite soured anew but even seemingly large swings in the prevailing market mood may prove to be misleading.


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Asian Stocks Mostly Higher But Nikkei Lags On New BoJ Gloom

Regional markets were mostly content to track Wall Street upward on Friday but the Japanese benchmark was held back by the Bank of Japan’s latest worry list


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Gold, Crude Oil Prices Face Whipsaw Risk as Sentiment Seesaws

Gold and crude oil face whipsaw risk as market-wide sentiment trends seesaw, leaving prices without clear-cut direction cues despite elevated volatility.


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EUR/SEK Technical Analysis: Bearish Outlook for Q1 2019

EUR/SEK has been trading above the former August-resistance but may see a downturn heading into Q1 as markets focus on the Riksdag and Riksbank.


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EUR/GBP Technical Analysis: Descent Through Trend Support Fails

EUR/GBP prices are on the verge of the best weekly winning streak in 2018 and since May 2017, the pair appears to be entering consolidation after a descent through a trend line failed.


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Nikkei 225 Technical Analysis: Slip Threatens Long-Term Uptrend

The Nikkei 225 has recovered quite well from the new 2018 lows printed this week, but it remains pressured and the usual year-end market caveats certainly apply


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Year-End Offsetting Fuels Wall Street Recovery, Be Mindful of More

A last-minute Wall Street rally after dismal US consumer confidence may have been because traders closed shorts, boosting prices. Asia stocks may fall but be mindful of more offsetting.


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GBPUSD: Prices May Fall While Traders Remain Net-Long

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 Sentiment Suggests a Bullish Bias Despite Net-Long Positions

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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Canadian Dollar Weekly Price Outlook: Loonie at Turn or Burn Pivot

USD/CAD is up nearly 7% off the October low with price now approaching a critical inflection zone. Here are the levels that matter on the weekly chart into the year-end.


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EUR/USD Shifts to a Mixed Bias

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


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Topside Targets Remain on Radar for Gold as Bullish Momentum Picks Up

The current environment may fuel the recent strength in gold prices as the bullish momentum appears to be gathering pace.


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US Dollar Grasps on to Fibonacci Support as Yen Strength Remains

The US Dollar is holding on to a key area of Fibonacci support as year-end nears, and Yen bulls have kept the Japanese currency moving as themes of risk aversion remain.


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S&P 500 Technical Outlook – Trade-able Low Looks to Be Nearing

Yesterday's rally may be the first sign we are nearing a trade-able low; one more push lower into long-term trend-line would make for ideal set-up.


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Key Global Elections to Watch Out For in 2019

As pollical uncertainty remains rife in financial markets. Investors will be placing a keen eye on several key elections that will take place in 2019.


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A Brief History of Major Financial Bubbles, Crises, and Flash-crashes

There's a rich history of financial bubbles and manias, varying in scale and economic impact. Read about major market bubbles and flash crashes all traders should know.


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Yen, US Dollar Aim Higher as Political Swings Rattle Markets in 2019

The Japanese Yen and the US Dollar may rise alongside Treasury bonds as political turmoil continues to rattle global financial markets in 2019.


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China Data Undermined Market Optimism, US Consumer Confidence Next

Weak China industrial profits undermined Asia stocks after best day on Wall Street since 2009. Nikkei 225 has more room to go until resistance breached. US consumer confidence next.


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ASX 200 Technical Analysis: Year-End Volatility Won’t Let Go

The ASX 200 is volatile into year end, having printed new 2018 lows and snapped a long-dominant downtrend all in the space of a few sessions. Caution should be the trading watchword.


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Crude Oil Prices May Turn Lower as Market Mood Sours Anew

Crude oil prices rebounded amid a broad-based recovery in risk appetite but the respite might be fleeting, with selling pressure returning as the markets’ mood sours anew.


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Australian Dollar Slips As China Industrial Profits Log Shock Fall

The Australian Dollar wilted on Thursday as Chinese industrial profits slipped into negative territory for the first time since late 2015


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Wall Street Holiday Comeback May Echo in Asia as Yen Prices Fall

The S&P 500 had its best day since 2009 after an extended selloff, traders may have taken profits. Asia stocks may follow suit as the Japanese Yen falls, Australian Dollar gains.


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Oil Prices Risk Larger Rebound as RSI Recovers From Oversold Territory

The failed attempt to test the June 2017-low ($42.05) may generate a larger rebound in crude oil prices as the RSI bounces back from oversold territory.


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8 Scenarios After an Elliott Wave Impulse Pattern Completes

The Elliott wave impulse pattern is one of the foundational patterns of Elliott Wave Theory. Here are eight guidelines to determine how deep of a correction to anticipate once an impulse pattern completes.


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Bitcoin: 51% Net Short Increase Indicates a Bullish Bias

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


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S&P 500 Opens Higher After Holiday, Outlook Bearish

The combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.


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Forex Correlation: Using Currency Correlation in Forex Trading

Currency correlations are important for traders to consider as no pair trades independently on others. Here’s a guide on what they are and how to manage them.


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USD/JPY Weakness to Persist as RSI Pushes Into Oversold Territory

Recent developments in the RSI raises the risk for a further depreciation in USD/JPY as the oscillator sits in oversold territory for the first time since February.


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Gaining a Trading Edge by Fading the Crowd | Podcast

IG Client Sentiment data can assist traders to make informed decisions. Find out how to use this contrarian indicator.


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Top Trade Idea 2019: Short NZD/CAD as Interest Rate Differentials Start to Kick In

Interest rate differentials favor weaker prices, particularly in light of the outlooks for the Bank of Canada and the Reserve Bank of New Zealand.


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Top Trade Idea 2019: Short Global Equities as Volatility Rises

A sharp break in equity prices is much higher than it was prior to 2018, with a decline seen as likely deepening well into bear market territory (-20% or greater).


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Top Trade Idea 2019: Short AUD/JPY and Long USD/NOK – Global Growth to Slow and Political Turmoil to Rise

In 2018, the two biggest factors leading global risk aversion arguably were the trade wars and Fed tightening. These two themes are likely to continue into 2019.


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Top Trade Idea 2019: Long XAU/USD – Gold to Glisten in 2019

A safe haven asset that lost its luster in 2018 looks set to gain back its glisten.


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Top Trade Idea 2019: Shift in Global Monetary Policy to Sway Market Behavior

The upcoming changes in global monetary policy are likely to influence foreign exchange markets in 2019 as EUR/AUD snaps the upward trend from 2017, while AUD/JPY trades at two-year lows.


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Top Trade Idea 2019: Canadian Dollar, 2019 Underdog? Short AUD/CAD, NZD/CAD, EUR/CAD

The Canadian Dollar took a turn for the worse in the 4Q 2018, but it may finish 2019 on a stronger note. Its collapse was accompanied with a record losing streak in crude oil prices and a cautious BoC rate announcement in December.


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Top Trade Idea 2019: Short EUR/CHF as European Issues - Including Brexit - Weigh

So far, the principal impact of the Brexit negotiations has been on the British Pound but if the UK leaves without a deal that will be strongly negative for the EU’s economy as well as the UK’s.


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Gold Prices Remain Bid Amid Partial U.S. Government Shutdown

Gold trades to a fresh monthly-high ($1267), with the bullish momentum gathering pace amid the partial U.S. government shutdown.


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Key Global Elections to Watch Out For in 2019

As pollical uncertainty remains rife in financial markets. Investors will be placing a keen eye on several key elections that will take place in 2019.


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Bitcoin, Ethereum, Ripple Prices Surge Higher; FOMO Santa Rally?

The cryptocurrency market is experiencing a strong end of year rally with the market valuation jumping by more than 40% over the last week on heavy turnover. Is this rally just for Christmas?


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Gold Prices Fail to Capitalize on Market Rout, But US Dollar Does

Gold prices failed to capitalize on a market meltdown that brought US shares to a 17-month low but the US Dollar reveled in support from haven demand.


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Weekly CoT Update New Zealand Dollar, Euro, and Other Major Contracts

Large speculator positioning in NZD made a surprising jump, Euro specs covered for a second week in a row, but remain firmly bearish.


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Top Trade Idea 2019: Commodities to Base in 2019 – Looking for a low in Gold, Crude Oil

Heading into the start of 2018 our ‘bottom line’ for Gold noted that, “the immediate risk heading into next year is for a decline to ultimately offer more favorable long-opportunities.”


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What Does the US-Japan Trade War Mean for China, Equities, and Growth?

China faces dangerously similar protectionist US tactics and internal issues as Japan did in the 1980’s before it plunged into a decade of stagnation. What can Beijing learn going forward?


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NZD/USD Technical Analysis: Topping Pattern Points Below 0.66

The New Zealand Dollar may be poised to drop below the 0.66 figure against its US counterpart after completing a Head and Shoulders topping pattern.


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How Political Speech Impacted Financial Markets in 2018

Political speech rocked financial markets in 2018 as investors scrambled to trade around a tumultuous geopolitical terrain. Will it continue into 2019?


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EUR/USD Sensitive to Holiday Illiquidity, Eyes Fed and ECB

EUR/USD may continue to rise on Italy-EU negotiations the end ECB QE, but chart positioning carries bearish cues. Will it find follow-through?


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Markets, NZD/JPY Brace for Illiquidity Post US Government Shutdown

Wall Street had its worst week in over seven years as the US government headed for partial shutdown. Asia stocks brace for illiquidity, House failed to agree on budget over the weekend.


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Top Trade Idea 2019: S&P 500 Takes a Back Seat with the US Dollar

The Elliott wave patterns for S&P 500 and US Dollar Index are at or near terminal points that push them towards underperforming markets in 2019.


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Top Trade Idea 2019: 2019 Looks Like A ’Risk Off’ Year, Monetary Response Likely Key

As we peer at it from the end of 2018, the coming year looks like a straight ‘risk off’ trade. Uncertainties proliferate to an almost unbelievable extent.


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Top Trade Idea 2019: Short USD/JPY as Bullish USD Bets Unwind

The effects from trade wars may no longer support the US dollar, thus losing the safe haven battle against the Japanese Yen on investor repatriation.


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Top Trade Idea 2019: Short USD/JPY – Dovish Fed Looks to Weaken Dollar

With the whirlwind of event and geopolitical risk, the Japanese Yen is one of the few currencies that I believe will remain consistent in the year ahead while the Dollar is set to weaken.


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Top Trade Idea 2019: Bearish CAD/JPY – JPY Strength May Align With Global Risks After CA Data Turndown

While many global investors look to the unified benchmark of Brent or the US benchmark in WTI, the price decline in Canada’s Western Select Crude from Alberta took a storybook tumble in 2018.


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Top Trade Idea 2019: Bearish EUR/JPY as Euro Politics, BoJ Policy Come into Further Focus

Setting up long-term trades is quite a bit different than seeking out short-term setups or swing trades. For this reason, I generally try to pick on cross-pairs for these types of ideas as policy diverges.


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Top Trade Idea 2019: Short EUR/JPY as European Political Risks Explode amid Dearth of Leadership

Issues are cropping up everywhere, and it’s possible that Europe may see significant leadership turnover just as debt and growth concerns have started to make waves again.


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Psychology and Trading | Podcast

Find out more about the psychology of trading in this podcast, with Currency Strategist James Stanley talking poker, psychology and personality types.


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Top Trade Idea 2019: Short Canadian and New Zealand Dollars vs. Yen as Global Growth Outlook Darkens

Financial markets have become palpably worried about the outlook for global growth, and with good reason. Against this backdrop, traders may well begin to envision a dovish policy bias shift from the world’s top central banks.


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Top Trade Idea for 2019: Long Pound, Short US Equities, Long Gold

Looking back over this past year, we have seen a number of asset classes that are otherwise unrelated with the exception of their connection to sentiment slide significantly. I expect risk aversion to take hold in 2019.


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What to Expect from Trading Conditions Heading into the New Year

What is typically a quiet, early wrap up of liquidity turned into a troubling route. The S&P 500 triggered its worst single-week loss in 7 years on the back of the worst month in a decade, making the next few weeks a troubling prospect.


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A Few Key Market and Economic Themes for 2019

Volatility was a troubling feature of the landscape through the past year, but the final month of 2018 has seriously changed the mentality in the market. With a long list of systemic fundamental threats, these are some of the bigger developments we may find in the year ahead.


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Top Trading Lessons of 2018

A good trader never stops learning, and every mistake is another potential learning experience. Here are some of the top lessons our analysts learned, absorbed or suffered from our personal experience in 2018.


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China Reveals Economic Plan in 2019: How It Could Impact the Yuan

China held the annual top economic meeting and released the plan for 2019. Here are the highlights and how they can impact the Yuan:


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Bearish USD/JPY Behavior to Linger as RSI Flirts with Oversold Territory

USD/JPY remains at risk for further losses as the Relative Strength Index (RSI) flirts with oversold territory and appears to be on the cusp of flashing a bearish signal.


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FX Setups for the Week of December 24, 2018

A number of pressing themes remain as year-end nears, and holidays over the next two weeks will likely bring lower levels of liquidity across global markets. This requires a degree of adaptation.


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Will the Stock Market Crash in 2019?

The return of volatility to equity markets has spooked investors at a time when many economic indicators suggest we are near the end of a record long bull run. But is a crash really inevtiable?


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Why Does the US Yield Curve Inversion Matter?

With US equity markets recently under pressure, financial news media have pointed to movement in the bond market as the key catalyst.


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Dow Jones Remains Near 2018 Lows as Year-End Nears

It's been a brutal Q4 for US stocks following a strong third quarter; and the Dow Jones Industrial Average remains near yearly-lows as the end of 2018 nears.


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EUR/USD Drops from Resistance Zone as USD Bounces from Monthly Lows

The next two weeks bring Christmas and New Years, which means global markets will likely be governed by low-liquidity conditions across the landscape.


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USD Set to Post Worst Week in 3-Months, Trump Threatens Government Shutdown - US Market Open

US Dollar is recouping some of its losses, however, the index remains on track for its worst week in 3-months as global growth fears begin to plague the USD.


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EUR/USD Rebound Unravels Following Failed Run at November-High

EUR/USD may face range-bound conditions over the remainder of the year following the failed attempt to test the November-high (1.1500).


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How to Read a Candlestick Chart

Candlestick charts can be used to analyze technical chart patterns. Learn how to read them from the experts.


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How to Start Trading: Top Tips and Guides for Beginners

We can help you get a head start in trading the markets – forex, commodities and stocks. Learn how to begin trading with our tips and free downloads.


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FTSE Chart Analysis – Testing Support Amid Weak Trend

The FTSE is caught between a pair of levels and it may stay that way until the calendar flips to a new year.


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EURUSD Price: Rally Running out of Steam Despite USD Weakness

This week’s EURUSD bounce from a 1.1300 low looks set to fizzle out despite the ongoing sell-off in the US dollar. Today’s US 3Q GDP data may well support the US dollar, weighing on the pair.


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JPY Winning Safe Haven Battle Over USD, Set to Continue in 2019

For much of 2018, in times of risk off sentiment, the USD had typically been showing signs of safe-haven attributes against its major counterparts, including that of the Japanese Yen.


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Becoming a Better Trader – Preparing for the New Year

In this webinar, I discussed the process of reviewing and preparing for not only the calendar to flip, but just in general to keep yourself on track.


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Yen Rally May Resume Amid US Government Shutdown Fears

The anti-risk Japanese Yen may be back on the offensive as worries about a looming shutdown of the US government undermine market-wide risk appetite.


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Gold Prices Eye US Dollar Response Amid Market Meltdown

Gold prices’ response to a market-wide meltdown in risk appetite may be defined by how the rout is reflected in the US Dollar.


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Asian Stocks Wilt Friday With Nikkei Leading, US Data Loom

Asia Pacific equity endured more falls as the week drew to a close with investors still hugely worried about the menu of worries facing them in 2019


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If Risk Aversion Picks Up, Where do the Different Markets Stand?

Correlation along risk trends is intensifying, as US equities may suffer more under further risk aversion while gold and Franc are better havens.


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EUR/GBP Technical Analysis: Best Weekly Gains in 2018 at Risk?

EUR/GBP is not only on the verge of its best weekly winning streak in about 16 months, but its next move may decide if it will extend its dominant uptrend or reverse course.


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Australian Dollar, ASX 200 May Yet Face RBA Rate Cuts in 2019

Australian assets have spent much of 2018 making do without much prospect of interest rate support. That’s not likely to change in the new year, and matters could get worse.


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S&P 500 and High Yield Credit Extend Plunge as Government Shutdown Threat Revived

Post-Fed risk aversion has been renewed by the treat of a US government shutdown, adding fundamental weight to an existing downtrend.


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Riksbank Implements Rate Hike, Krona Rallied - Politics Now in Focus

The Swedish Krona rallied after the Riksbank raised rates for the first time in seven years. Economists and policymakers are now focusing more on ongoing political gridlock.


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US Government Shutdown Fears Risk Hurting Asia Stocks as Yen Gains

US government shutdown fears deteriorated sentiment after the Fed hiked rates, weakening the US Dollar as the S&P 500 fell. Asia stocks may echo Wall Street losses, boosting Yen.


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AUD/USD Rate Outlook Mired by Bearish RSI Formation

The weakness in AUD/USD may persist over the near-term as the Relative Strength Index (RSI) continues to track the bearish formation from earlier this month.


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How to Trade in a Bear Market: A Short Seller’s Guide

Traders can sometimes struggle with the psychological hurdle of ‘selling something I don’t have’. This counter-intuitive psychology can prevent traders from making a profitable trade.


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Vanishing Bullish Sentiment Exacerbates Widespread Market Selloff

Looming US government shutdown exacerbates market selloff as investor’s appetite for risk has vanished.


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US Dollar Price Action Setups into Year-End: EURUSD, USDJPY, AUDUSD

Today brought a visible follow-through reaction in both US stocks and the US Dollar. But, with the next two weeks as holiday conditions, which markets might be most attractive into year-end?


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Gold Technical Outlook: Price Shines as USD Dives Post-FOMC

Gold has rallied to fresh five-month highs with price approaching initial resistance targets. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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Technical Analysis: Where to Get Started and How it Can Help

There are a lot of ways to decide what to buy or sell and how to do it; but key for long-term consistency is the incorporation of risk management, and technical analysis can help.


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Post-Fed USD/JPY Rate Selloff Fuels Shift in Retail Sentiment

Recent price action in USD/JPY fuels the shift in retail interest, with the exchange rate at risk for further losses as it extends the bearish series from earlier this week.


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DXY Index Threatens Major Breakdown as USD/JPY Falls Post-FOMC

After consolidating for the better part of six-weeks, the US Dollar may finally be ready to choose a near-term direction.


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What is forex? - Forex Trading Explained – DailyFX

What is forex? The foreign exchange market is the largest financial market in the world. Get up to speed with forex terms and top tips.


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USD Slammed, Dovish Central Banks Out in Force - US Market Open

The US Dollar decline has shown little signs of abating with the move exacerbated by yesterday’s Fed decision. Riksbank provides surprise rate hike.


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Gold Sentiment Suggests a Strong 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 Spot Gold-bearish contrarian trading bias.


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EUR/USD Rallies into Key Price Zone as USD Drops to Fresh Monthly Lows

Yesterday brought the fourth FOMC rate hike of 2018, and after an initial move of strength in the US Dollar, bears have come back to push USD down to fresh monthly lows.


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Major Cryptocurrencies: A Trader’s Guide

Find out more about the major cryptocurrencies, including Bitcoin, Ether and Ripple, and learn the strategies for trading them.


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GBP Price Falls as Bank of England Leaves UK Interest Rates Unchanged

The GBP price dropped after the Bank of England’s monetary policy committee left UK interest rates and its bond-buying programs at their current levels but warned of Brexit uncertainties.


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Crude Oil Analysis: Oil Plunge Persists, Oversupply to Spark OPEC Panic

Roughly 2 weeks since OPEC and Non-OPEC members agreed to cut oil production by 1.2mbpd, oil prices have continued its plunge, falling an additional 10%.


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Major Cryptocurrencies: A Trader’s Guide

Find out more about the major cryptocurrencies, including Bitcoin, Ether and Ripple, and learn the strategies for trading them.


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GBP Price to Shrug Off UK Rate Decision, Brexit Still the Main Driver

The GBP price is continuing its near-term advance ahead of a likely Bank of England decision to keep UK interest rates unchanged – with Brexit still key to its future performance.


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Bitcoin, Ethereum, Ripple Prices Surge After Hitting Massively Oversold Conditions

The cryptocurrency market has turned sharply from negative to positive across a whole range of coins with some showing huge double-digits gains. The start of a new rally of just oversold retracement?


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Crude Oil Prices May Fall with Stocks as Risk Appetite Fizzles

Crude oil prices managed to sidestep yesterday’s Fed-linked bloodletting, but continued risk aversion might see them re-coupling with sinking stocks.


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Gold & Silver Price Analysis – FOMC-Spurred Key-reversals Weaken Backdrop

Yesterday, precious metals reversed on the Fed meeting, still have some positives short-term, but that could change if reversals start leading to follow-through.


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Yen Aims Higher as Fed Roils Markets, Pound May Overlook BOE

The anti-risk Japanese Yen is aiming higher as the Fed signals determination to press on with rate hikes. A BOE policy decision may be a non-event for the British Pound.


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Fed-Induced Risk Aversion Lingers into Asia Markets, Europe Next?

Fed-induced risk aversion led the Nikkei 225 over 3 percent lower as the ASX 200 touched a 2-year low. European stocks and Emerging Markets look vulnerable, Japanese Yen may extend gains.


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Nikkei 225 Technical Analysis: ’18 Lows Eyed As Index Slips Back

The Nikkei 225 has fallen into a support zone whose lower limit is this year’s low. For the moment that looks safe, but bulls have work to do


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Japanese Yen Steady As BoJ Stands Pat, Fed Policy Looms Larger

The Japanese Yen is in thrall to a central bank right now, but it’s the Federal Reserve and not the Bank of Japan. The BoJ left the monetary taps wide open yet again


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Short NZD/USD Again as 2018 Downtrend May Resume after Fed Hike

The upside correction in the New Zealand Dollar might turn given a Fed that is considerably more hawkish than the RBNZ and the risks of stock declines. NZD/USD short back in play.


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Fed Pulls the Trigger on Rates and Seemingly the S&P

As the Federal Reserve hiked rates and forecasted two more increases in 2019 leading to losses in the S&P 500, liquidity drain and other improved themes will work against risk trends.


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AUD/USD Looks Past Jobs Data, Risk Trends Point to Losses Ahead

AUD/USD rose slightly on mixed employment data, but upside momentum may not continue. Risk aversion and a hawkish Fed may extend the Aussie’s decline.


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Markets Brace after a More Hawkish Fed Hike, AUD May Extend Drop

Asia Pacific markets brace for risk aversion after a more hawkish Fed than what speculators expected shocked investors. The Australian Dollar may add to losses on a softer jobs report.


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NZD Extends Selloff on GDP Miss

The New Zealand Dollar decline exacerbated after reporting third quarter GDP that largely missed estimates.


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Federal Reserve Hikes Rates 25-bps at December Meeting

The FOMC's decision to raise rates fell in line with expectations, as did their decision to pare one rate hike off their 2019 expectation.


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GBPUSD Prices May Rise Despite Net-Long Positions

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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Are Capital Markets Ready To Come off A Cocaine High?

Say goodbye to markets flooded with liquidity. 2018 was the first year that the aggregate balance of central bank asset sheets fell, and evidence shows that volatility may be the norm if this continues.


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EUR/USD: Traders Decrease Their Net-Long Positions

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


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Less-Hawkish Fed Forward Guidance to Fuel EUR/USD Appreciation

The Federal Reserve interest rate decision is likely to shake up the near-term outlook for the U.S. dollar as the central bank is expected to deliver a 25bp rate-hike.


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Crude Weekly Price Outlook: Oil Price Crushed into Support

Oil has collapsed nearly 40% from the yearly high with price now testing critical support. Here are the levels that matter on the WTI weekly chart into the year-end.


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EURJPY Price Challenging Support Line, Losses May Follow if it Breaks

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FX Prices Coiled and Ready for FOMC: EUR/USD, USD/JPY and AUD/USD

Today brings the final FOMC rate decision of 2018, and the wide expectation is that the bank will bring a dovish hike to markets. But how dovish might the Fed be in today's projections?


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EUR Back at Resistance on Italian Budget Deal, CAD Inflation Drops - US Market Open

The Euro is outperforming this morning following reports that Italy and the EU had reached an agreement on the 2019 budget.


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US Dollar Awaits Results of December FOMC Meeting

Expect higher than normal volatility around the last Fed policy meeting of the year.


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Slowing Canada Consumer Price Index (CPI) to Fuel USD/CAD Advance

Updates to Canada’s Consumer Price Index (CPI) may fuel the recent advance in USD/CAD as the headline reading is projected to slow to 1.8% from 2.4% per annum in October.


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EURUSD Price Rises Modestly as EU Reaches Italian Budget Deal

The EURUSD price is continuing its gentle ascent after news that the EU has reached a Budget deal with Italy and publishes its no-deal Brexit plans.


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The History of Forex

From the gold standard to the Bretton Woods System, find out how the Forex market has changed throughout history.


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CAD Vulnerable as Oil Plunge is Set to Drag Inflation Lower

CAD traders will be placing close eye on the latest inflation data at 1330GMT, where it is expected for the headline reading to show a sizeable drop.


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GBPUSD Price Edging Ahead Despite Growing Risk of No-Deal Brexit

The GBPUSD price is continuing to advance, albeit slowly, despite growing talk of a no-deal Brexit and weak inflation data, suggesting some underlying strength in the UK currency.


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Technical Outlook for Dow Jones, Copper, Crude Oil, Gold Price & More

U.S. stocks will look to try and recover from year lows, copper triggered technical break, crude straight down out of a triangle, while gold tries to work its way higher.


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Crude Oil Price: Brent Trying to Rebound from a 14-Month Low

The Brent crude oil price has fallen nearly 9% this week on a combination of global growth fears and record US shale output.


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USD Price Bounce Possible, Dovish Rate Hike Already Priced In

The USD price has now fallen for three successive sessions, implying that a ‘dovish rate hike’ today by the Federal Reserve has been fully priced in and that a USD rally is therefore on the cards.


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S&P 500, Dow Jones & Nasdaq 100 Charts: Yearly Lows and FOMC in Focus

This week the major U.S. indices are testing the year lows, today we have the FOMC which may be a catalyst for making or breaking those important levels.


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US Dollar, Yen May Rise as the Fed Maintains Hawkish Bias

The US Dollar is likely to rise as the Federal Reserve maintains a hawkish policy bias, dashing the markets’ hopes for reprieve. Follow-on risk aversion may boost the Yen.


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Gold Prices May Drop as Fed Disappoints Hopes for Dovish Pivot

Gold prices may drop as Federal Reserve officials disappoint hopes for a dovish turn in monetary policy, hinting that several rate hikes are still in cards for 2019.


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Asian Stocks Mixed As Markets Wait For Fed, USD Pressured

Investors think that the US central bank will raise rates once more on Wednesday, but stocks were supported by expectations of a more measured hiking pace ahead


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USD/NOK Technical Analysis: Bullish Outlook for 2019

USD/NOK has broken the resistance of a 3-year trading range and the fundamental outlook appears to support a bullish direction for the pair heading into 2019.


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USD/PHP Prices May Extend Climb as USD/MYR and USD/IDR Fall

The Philippine Peso had its worst day against the US Dollar since May, USD/PHP could be vulnerable to reversing its dominant downtrend. Meanwhile USD/MYR and USD/IDR may turn lower.


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A Critical Fed Decision’s Policy and Market Response Scenarios

The Federal Reserve is due to announce its final monetary policy decision of the year with forecasts of a 25 basis point hike priced in and speculation of three hikes through 2019 under serious scrutiny. What are the scenarios and market responses?


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Japanese Yen Technical Analysis: USD/JPY Wilts, Don’t Trust Move Yet

The Japanese Yen has staged a little fightback against the US Dollar, and it may well have further to run. However, it may be too late in the year to entirely trust this move


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AUD/USD Technical Analysis: Sellers Struggle for Follow-Through

Australian Dollar sellers are struggling to find follow-through after pushing the currency below support guiding the upswing from late October against its US counterpart.


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Riksbank Likely to Delay Rate Hike as Political Gridlock Continues

Sweden’s Riksbank is likely to postpone hiking rates from December to February amid unprecedented political gridlock and slowing economic growth.


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S&P 500 Threatening to Jump Into a Bear Trend on Any Fed Misstep

The stakes couldn’t be higher. The S&P 500 and Dow are standing on the cusp of a high profile reversal pattern, defying December’s liquidity conventions and now a key Fed decision approaches.


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Asia Stocks Await Fed as Oil Prices Overshadowed by Bullish Signal

Asia stocks may trade mixed, awaiting the Fed after the S&P 500 failed to hold on to gains. Crude oil prices extended declines but are overshadowed by a bullish technical signal.


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AUD/USD Rate Risks Range-Bound Conditions as Bearish Momentum Abates

AUD/USD may continue to consolidate ahead of the Federal Reserve interest rate decision as the bearish momentum appears to be abating.


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US Dollar Price Action Setups Ahead of FOMC: USDJPY, USDCAD, USDCHF

Tomorrow brings the final rate decision out of the FOMC for 2018, and the bank is widely-expected to hike rates for the fourth time this year. But - what will they say about 2019?


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EUR/USD Price Outlook: Euro Consolidation Looks to FOMC For Fuel

A breakout of the Euro consolidation range is imminent heading into the FOMC rate decision. Here are the targets & invalidation levels that matter on the EUR/USD charts.


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Major Commodities

This major commodities guide covers all traders should know about the most tradeable commodities, what moves their prices, and why.


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USD/JPY Retail Sentiment Shifts, RSI Snaps Bullish Trend Ahead of FOMC

Recent price action in USD/JPY appears to have spurred a shift in retail sentiment, with the Relative Strength Index (RSI) starting to flash a bearish signal.


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USD/JPY 2-Month Highest Net Long Position Indicates a Strong 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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USD/JPY, USD/CHF Bounce From Support Ahead of the Fed

Tomorrow brings the final FOMC rate decision for 2018, and the bank is widely-anticipated to hike rates for the fourth time this year. But - what do they have to say about 2019 and thereafter?


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DXY Index Remains in Consolidation in Lead Up to FOMC

A quiet economic calendar the rest of Tuesday means traders will be making last minute preparations for the December FOMC meeting.


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Market Sentiment Negative Pre-FOMC | Webinar

Traders are pessimistic as the year draws to a close but the Federal Reserve could boost confidence.


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Technical Outlook for the USD Index, GBP/USD, Dow Jones, Gold Price & More

The DXY is working towards an 'explosion point', GBP/USD trading below resistance, Dow Jones at big support, and gold is trying to take advantage of Dollar weakness in bullish channel.


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EURUSD Price Shrugs Off Weak German IFO Data, Risks Lie Ahead

EURUSD currently pushing back up to 1.1400 despite recent Ifo data pointing to continued weakness in the German economy.


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DAX 30 Technical Forecast – Downside Looks Limited, but So Does the Upside

As the year quickly comes to an end the DAX may hold a bid, but not looking for much of a sustainable lift...


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Crude Oil Price Breaks Support, Crumbles to a New 14-Month Low

The Brent crude oil price continues to crumble and has broken horizontal support to make a new 14-month low as record US shale production and fears of an economic slowdown weigh on the oil complex.


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Global Stock Prices May Rally Post Fed, Dovish Rate Hike Likely

Stock prices are continuing to fall around the world but a rally is possible if the Federal Reserve decides to accompany an increase in US interest rates Wednesday with a dovish commentary.


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Yen, US Dollar May Fall in Pre-Positioning for FOMC Rate Decision

The Japanese Yen and the US Dollar may decline in tandem amid pre-positioning for Wednesday’s FOMC rate decision. Follow-through seems unlikely however.


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AUD/USD Could Get Fed Boost, But It’s Not Likely To Last

A dovish Fed could see plenty of currencies make at least shor- term gains against the US Dollar. The Aussie will probably be included, but a rethink may come quite swiftly .


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Crude Oil Prices Risk Deeper Losses After Support Break

Crude oil prices plunged amid a market-wide slump in risk appetite, breaking below key support and opening the door for deeper losses to follow.


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China Tax Cut Bets Weakened With Asia Stocks. Nikkei 225 May Rise

Risk aversion lingered into Asia stocks, hopes of Chinese tax cuts diminished during speech from President Xi Jinping. Nikkei 225 overshadowed by positive RSI divergence as Yen gained.


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EUR/USD Vulnerable as EU Commission Weighs Italy Penalty

EUR/USD may fall as the EU Commission meets on December 19th and may possibly discuss implementing the Excessive Deficit Procedure (EDP) against Italy amid the budget conflict.


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Why the Fed Won’t Relent to Trump’s Calls to Hike Rates, But the Market...

Once again, the US President Donald Trump has weighed in on the Fed’s plans to continue with its path of monetary policy tightening. Just a few days away, will the central bank heed his calls and shock the market?


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EUR/USD Technical Analysis: Chart Breakdown Exposes November Low

The Euro broke downward through the bottom of a Triangle chart formation, suggesting continuation of the down trend against the US Dollar is at hand.


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Did the S&P 500 Just Set Up a True Reversal in December, Before the Fed?

The S&P 500 dove to start the week defying both seasonal expectations and the norms of a downgrade in activity to observe for critical event risk (the Fed decision). Did this risk benchmark commit to a full reversal?


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S&P 500 Peeks Below Trend Line Jeopardizing 10 Year Uptrend

S&P 500 tested an important trend line that may call into question the future potential of the ten year up trend.


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NZ Dollar Gains With Local Business Confidence, Fed In Focus

The New Zealand Dollar ticked up on news that businesses were less gloomy in December. They’re still not happy, but there have been consistent improvements since the summer.


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S&P 500, Crude Oil Prices Beyond 14-Month Low. AUD, NZD at Risk

The S&P 500 and crude oil prices closed at their lowest in more than 14 months as sentiment quickly fell apart. The Australian and New Zealand dollars are vulnerable as Yen gains.


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USD Bolstered by Robust TIC Flows, Price Action Remains Tied to Fed

Treasury International Capital flows released Monday revealed a net $42 billion entered the United States in October and bolstered the Dollar's position.


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Will the Stock Market Crash in 2019?

The return of volatility to equity markets has spooked investors at a time when many economic indicators suggest we are near the end of a record long bull run. But is a crash really inevtiable?


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Gold Price Forecast: Monthly-High on Radar as RSI Clings to Bullish Trend

Gold prices eye the monthly-high ($1251) as the Relative Strength Index (RSI) clings to the bullish formation carried over from the previous month.


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GBP/USD: Cable Pushes Above 1.2600 Ahead of UK Inflation, BoE

The British Pound is continuing to recover losses from last week's bearish breakout, and this sets the stage for UK inflation and the Bank of England.


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AUD/USD Price Outlook: Aussie Bounces from Big Support Ahead of Fed

Aussie is testing make-or-break support ahead of the FOMC interest rate decision. Here are the targets & invalidation levels that matter on the AUD/USD charts this week.


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Price Decreased Since Early December

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


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Bitcoin: Traders Continue to Increase Net-Long Positions

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


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Weekly Trade Levels for DXY, EUR/USD, NZD/USD, Gold, Crude & More

Webinar highlighting setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter heading into the Fed this week.


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Oil Trade Below Russia’s Desire $55-65 Range Even as US Output Stalls

Crude oil may continue to consolidate even though Russia endorses a price range of $55-65 as it holds the monthly opening range.


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USD Weakens as Markets Await Central Bank Bonanza - US Market Open

The US Dollar on the backfoot to begin the week with US data moderating, while markets await the central bank bonanza.


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US Dollar Pulls Back from Yearly Highs Ahead of FOMC

The US Dollar is continuing to pull back after buyers shied away from last week's fresh yearly highs. This sets the table for the Wednesday FOMC rate decision.


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Sterling (GBP) Week Ahead: Brexit, BoE and FOMC on Tap | Webinar

Brexit will dominate proceedings this week with the FOMC rate decision and the latest Bank of England policy meeting following close behind.


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Weekly CoT Update for Crude Oil, Gold, and Other Major Contracts

Large speculators continue to sell crude oil at a persistent pace, while the same group of traders is warming up to gold.


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Gold Price Analysis: Fed Meeting Crucial for Breakout

The topside breakout in gold had been somewhat short-lived after failing to consolidate at its best levels since July. Focus this week will be on the Fed meeting.


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Gold Prices Probe Support as US Dollar Gathers Steam

Gold price are probing chart support the US Dollar gathers upside momentum, putting de-facto pressure on assets seen as alternatives to fiat.


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EURUSD Likely to Fade Lower on Weak Data, Strong US Dollar

EURUSD is set to break back 1.1300 against the US dollar with this week’s data releases expected neutral to weak, while the FOMC is expected to hike rates again on Wednesday.


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Yen May Fall Further in Cautiously Optimism Start to Trading Week

The anti-risk Japanese Yen may fall further having lost ground in Asia Pacific trade amid a cautiously optimistic start to the trading week.


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Asian Stocks Hold Up As Markets Look To Fed, US Dollar Gains Too

Asian stock markets looked with hope towards a Federal Reserve monetary meeting which may result in a more dovish interest rate prospect for 2019


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Japanese Yen Weekly Technical Forecast: The Good, the Bad, and the Brexit

The one place where the Yen is on its best footing is in its least reliable setup.


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Euro Forecast: In Wake of ECB Downgrades, Attention Back to Politics

Amid an otherwise quieter economic calendar this week, the ECB’s commentary will resonate as political risks in the Eurozone continue to increase.


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What do ASEAN and Emerging Markets Face in Final Weeks of 2018?

Are ASEAN and emerging markets vulnerable in the last weeks of 2018? S&P 500 closed at its lowest since April. Philippine Peso is at risk, undermined by China data and a trade deficit.


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Australian Dollar Bulls Might Get A Little Help From The Fed

The Australian Dollar remains quite well supported against its US cousin, and may be more so this week if the Fed sounds more cautious about 2019.


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ASX 200 Technical Analysis: Important Prop Still Holding

The ASX 200 remains in thrall to a long-dominant downtrend but an important near term zone of support is still holding the bears in check. Can it hold on into the holidays?


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Asia Markets Brace After S&P 500 April Low, Yen Prices May Gain

Asia Pacific markets are bracing this week after the S&P 500 closed at its lowest since April. The Australian Dollar looks vulnerable while the anti-risk Japanese Yen could gain.


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Weekly Fundamental Forecast: Fed, BoE and BoE Rate Decisions in the Last Full Week of the Year

There are a host of unresolved fundamental themes that will continue to harass the financial markets – trade wars, Brexit, EU budgets, political stability – but there is perhaps just enough breathing room to beat back the charge until 2019. That is perhaps with one exception…monetary policy.


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Weekly Technical Forecast: Dollar Tests 18 Month Highs While US Indices Break Support for an Interest Week Ahead

Liquidity is leaking from the markets fast as the year’s end approaches. That means the ability to leverage technical breaks or reversals into more meaningful runs is growing more and more fraught. And, that is what makes the Dollar’s and Dow’s moves to end this past week so provocative.


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Dow Awaits Fed, FTSE Looks to EU No-Deal Data. CAC to Protests

The Federal Reserve’s decision on Wednesday will likely dominate US equities this week while Europe has a plethora of events on the docket. As always, trade wars loom.


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EUR/USD Weekly Technical Forecast: Euro Shorts in Charge on Tri-break

The Euro finally broke the triangle it’s been forming over the past month; lower prices ahead as it makes maybe its final meaningful move of the year.


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Is Gold Posed to Lose its Luster?

Gold is on a bullish breakout since its 6-month decline that began in April, but upcoming event risk may dampen XAUUSD performance over the short term.


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Gold Weekly Technical Outlook: Price Rally Pulls Back ahead of FOMC

Gold prices snapped a three-week winning streak as demand eases ahead of the Fed interest rate decision. Here are the levels that matter on the XAU/USD weekly chart.


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US Dollar May Rise as the Fed Checks Slide in 2019 Rate Hike Bets

The US Dollar may trade broadly higher against its major currency counterparts as the Fed policy announcement checks the slide in 2019 rate hike bets.


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Crude Oil May See Light in Tunnel As Oncoming Train

Despite seemingly good news to support the broad demand picture, crude has only moved sideways after falling 33% from the early October high leading traders to wonder if more pain is on the way.


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GBP Forecast: A Complete Lack of a Cohesive Government Blights Sterling

The UK government has yet again failed to convince anyone that its current Brexit stance is workable and that continues to paint a gloomy picture for Sterling


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How to Know if Trading is Right for You | Podcast

Find out if trading is right for you by asking yourself these fundamental questions


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Crude Oil Prices Swamped by OPEC Cuts, Global Growth Fears, Fed

Crude oil prices struggled rising since bottoming in November, highlighting risks as OPEC prepares production cuts. Fed, slowing global growth, stocks falling offer uncertainties.


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Dollar Hits an 18-Month High as Anti-Currency Demand Fights Liquidity

The DXY Dollar Index managed to charge to its highest level since June 2017 this past Friday. The insinuation of a breakout fueled by a ‘demand for alternatives’ against a known liquidity drain raises serious trading considerations.


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S&P 500 Ends Week with a Disputed Technical Breakdown, Key Fed Decision Ahead

Once again, the markets have left traders in an uncomfortable position with key equity indices putting in for a tentative bearish breakdown through Friday’s close. Is there enough liquidity and fundamental fuel to convert this reversal?


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A Critical Fed Decision is Only the Surface of Monetary Policy Upheaval

Stimulus and zero-level interest rates have spurred the markets to an unprecedented period of speculative abundance. They have also severely distorted the markets’ ability to signal value. Now, the problems are starting to show.


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GBPUSD Weekly Technical Outlook: Seven Weekly Bear Candles Dominate

Both daily and weekly GBPUSD charts remain weak and any rally will be met by strong resistance.


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USD/JPY Rate Fails to Test Monthly-High Ahead of Fed Rate Decision

USD/JPY may face range-bound conditions ahead of the Federal Reserve interest rate decision as it struggles to test the monthly-high (113.82).


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AUD Prices May Fall Into 2019, AUD/CAD at Risk to Reversal Pattern

The Australian Dollar may be setting itself up for declines in the final weeks of 2018. AUD/USD and AUD/NZD look vulnerable while AUD/CAD is overshadowed by a bearish reversal pattern.


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

The Q4 slump has continued in global equities, and next week brings the final full trading week of 2018. WIll the Fed bring bulls a lifeline of support?


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FX Week Ahead: UK & Canadian CPI; FOMC, BOJ, & BOE Meetings

In what will be the last full week of 2018, central bank meetings be the main draw, as will the prospect of a US federal government shutdown on Friday.


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FX Setups for the Week of December 17, 2018

Next week is the final full trading week of 2018, and the economic calendar is loaded with a couple of high-impact events that can continue to stoke volatility across global markets.


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AUD/USD Rate Weakness Fuels Shift in Retail Interest

AUD/USD continues to chip away at the advance from the 2018-low (0.7021), with the pickup in volatility spurring a further shift in retail interest.


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US Dollar Tests Fresh Yearly Highs Ahead of December FOMC

The US Dollar has continued this week's strength for a test of fresh yearly highs. Next week's calendar brings a key rate decision out of the FOMC in the final full trading week of 2018.


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Major Stock Indices

Major stock indices, how stock indices are calculated and stock indices trading hours.


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Charts for Next Week – EUR/USD, USD/CAD, Crude Oil & More

The Euro is working on finally breaking out of a triangle pattern, USD/CAD same but on smaller scale, and while looking at triangles can't forget about oil.


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FTSE Chart Analysis – Ricocheting Off Resistance

It's been a weird week on the fundamental front, but the technical picture is one of bouncing off support turning lower off resistance, standard stuff.


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Bitcoin, Ethereum, Ripple Prices Slump; Market Valuation Crashes

The cryptocurrency market continues its bear market move with losses stacking up across the board. Low volume conditions in the next couple of weeks may inflame the sell-off further.


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Sterling (GBP) Likely to Make Fresh Lows After Latest Brexit Rejection

UK PM Theresa May left Brussels empty handed yet again after her attempts to get a legally binding backstop agreement were rebuffed by the EU, leaving Sterling increasingly vulnerable.


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Yen May Continue Higher as Global Slowdown Fears Grip Markets

The Japanese Yen may continue to push higher as global slowdown fears sour sentiment across financial markets, boosting the perennially anti-risk currency.


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EURUSD May Habor a Reversal Pattern but ECB Reaction Shows the Trading Reality

The ECB has called an end to its QE program, breathing room has been given in Brexit and US oil has seen a technical break; yet is there meaningful trade potential for EURUSD, GBPUSD or crude?


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Asian Stocks Broadly Weaker As China Data Misses Bit, Fed Eyed

Weak Chinese economic data saw risk very much ‘off’ in Asian hours. An enduring end to Sino-US trade tensions is becoming measurably more urgent


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Crude Oil Prices May Turn Lower as Market Mood Darkens

Crude oil prices have conspicuously failed to make good on supportive news-flow. They may turn lower from here as the markets’ risk appetite deteriorates.


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Volatility Check: A December Crisis or Reversion to Seasonality?

We have defied many typical year-end conditional developments that regularly checks speculative assets progress and investors irrational exuberance for a position that can ‘beat the odds’.


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EUR/SEK May Rise in Short Term But Fall Heading into Q1 2019

EUR/SEK looks poised to rise in the short term while Sweden wrestles with political gridlock but may see a downturn heading into Q1 on fiscal and monetary stimulus.


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Australian Dollar Down On China Data Misses, But Focused On Fed

The Australian Dollar took a tumble as Chinese retail sales and industrial production both missed forecasts. Here are further signs of deceleration in the world’s second largest economy


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EUR/USD Technical Analysis: Triangle Setup Carries Bearish Cues

The Euro looks to have carved out Triangle chart pattern, hinting at on-coming continuation of the dominant downward trend against the US Dollar.


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Australian Dollar, Emerging Markets at Risk to Soft Chinese Data

The Euro trimmed losses after the ECB rate decision and Mario Draghi speech, gaining as the US Dollar weakened. Australian Dollar and emerging markets at risk to softer Chinese data.


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Gold’s Bullish Breakout Ready for First Real Test

After losing ground from April through November, Gold prices have made a veritable attempt at bottoming in the last month of the year.


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Market Risks Abound As Yields Tell of Chilling Risk Sentiment As EM Turmoil Remains

Key stories driving price action this week focus on GBP options insight showing highest uncertainty since the Brexit vote, the chilling development in US yield spreads at 2yr highs, and a shock move at the Reserve Bank of India.


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What is the Fed’s Number One Fear?

The Federal Reserve highlighted a list of areas for concern in the economy, but one specific characteristic of the US corporate sector was their headline risk.


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FX Price Action Setups in EUR/USD, GBP/USD, USD/CHF and NZD/USD

Compression and congestion setups reign supreme around the US Dollar at the moment, and next week's FOMC rate decision may provide the fuel for some breaks.


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EUR/USD Price Outlook: Euro Breakout Imminent- Battle Lines Drawn

The December range remain intact with a multi-month consolidation-break looming. These are the targets & invalidation levels that matter on the EUR/USD charts post-ECB.


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DJIA: Dow Jones Attempts to Re-Gain Footing Ahead of December FOMC

The fourth quarter of this year has brought a stark change-of-pace to US equity markets. Will the FOMC give stock bulls a reprieve at next week's rate decision when looking to 2019 and thereafter?


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EUR/USD Drops from Triangle Resistance as ECB Announces End to QE

After four years and €2.6 Trillion, the European Central Bank announced the end to their QE program today, and this comes amidst a backdrop of slowing growth and rising political strife in the bloc.


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ECB Leaves Monetary Policy Unchanged, Euro Waits For More Detail

EURUSD little changed after the ECB left all monetary policy settings unchanged, as expected, and reiterated that it would end the bond buying program at the end of this month. Press conference now key


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A Guide to Safe-Haven Currencies and How To Trade Them

Safe haven currencies are useful for traders to protect their portfolio against instability. Here’s a complete guide, covering what they are and the key safe havens to consider trading.


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A Guide to Safe-Haven Currencies and How To Trade Them

Safe haven currencies are useful for traders to protect their portfolio against instability. Here’s a complete guide, covering what they are and the key safe havens to consider trading.


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Euro Outlook: French Budget Plans Reinforce Negative Sentiment

Fears that France, as well as Italy, will break the EU budget rules will likely dent confidence in the Euro and potentially lead to further losses for EURUSD in the weeks ahead.


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Brexit Latest: Sterling (GBP) Remains Weak Despite PM Winning Confidence Vote

UK PM Theresa May remains in No.10 after winning Wednesday’s confidence vote but the financial markets just shrug as the underlying problems stay firmly in place.


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EUR/USD Triangle Very Near Breakout; ECB the Catalyst?

The Euro's narrowing range is moving closer and closer towards a resolution, perhaps the ECB will be the catalyst.


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Gold & Silver Price Analysis – Working Towards Resistance

Precious metals have been gradually on the move higher, but another little push will have resistance in focus for both gold and silver.


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NZDCAD: Pending Short on Supportive Technicals

NZDCAD chart supportive for further downside move as technical indicators collide.


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Euro at Risk on ECB Policy Announcement, EU Leaders’ Summit

The Euro looks vulnerable even as the ECB confirms the end of QE. Comments from the EU leaders’ summit might compound selling pressure.


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Risk Appetite Extends, Yen Down. ASX 200 Seeks Reversal. ECB Next

China agreed to purchase 1.5 to 2m tons of soybean from US, extending risk appetite as Asia stocks rose. ASX 200 still far from bullish reversal. All eyes on ECB, European Council.


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An ECB Rate Decision that Will Draw Fed-Level Attention

Forward guidance from the ECB will play a crucial role after the central bank said it would end its QE program this month.


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Gold Prices Struggle to Make Good on US Dollar Downturn

Gold prices are struggling to make good on a pullback in the US Dollar as Treasury bond yields rise, undermining the appeal of non-interest-bearing assets.


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Another S&P 500 Rally Falters, May Survives Confidence Vote, ECB On Tap

While Euro has the top fundamental risk due to the EU summit and ECB rate hike, New Zealand Dollar offers the clearest technical view.


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Euro Gains, Italian Bond Yields Fall on News of Budget Compromise

The Euro cautiously rose and Italian 10-year bond yields fell as news broke of Prime Minister Giuseppe Conte promising a reduced budget deficit. However, the fight may not be over yet…


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Nikkei 225 Technical Analysis: Key Support Holds Firm Again

The Nikkei 225 has staged a modest bounce-back this week, and in so doing highlighted the importance of a key medium-term prop


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GBP at Risk Despite Theresa May Confidence Vote Win, Yen May Fall

Even though UK Prime Minister Theresa May survived the no confidence vote, GBP prices declined. S&P 500 trimmed gains on US government shutdown concerns. Asia stocks may rise as Yen falls.


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British Prime Minister Theresa May Defiantly Defends Leadership Position Amid No-Confidence Vote

UK Prime Minister Theresa may holds on to power after receiving 200 out of 317 votes supporting her leadership role.


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Gold Sentiment Gives a Strong 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 Spot Gold-bearish contrarian trading bias.


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EUR/USD: Traders Remain Net-Long Despite a Mixed Bias

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


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Short Positions Grow 23% Overnight As May’s Confidence Vote Approaches

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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NZD/USD Technical Outlook: Price Reversal Targeting Trend Support

Kiwi reversed off up-trend resistance last week and we’re trading the pullback. These are the targets & invalidation levels that matter on the NZD/USD charts.


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GBP/USD: Cable Poses Short-Cover Rally Ahead of No-Confidence Vote

The British Pound is putting in a vigorous bounce from the 1.2500 psychological level; but already an area of prior support is helping to set resistance ahead of today's no-confidence vote.


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Gold Price Technical Outlook: Bulls Pause After $1250 Test

The gold price rally has taken a breather after testing five-month highs. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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EUR/USD Bounces From Trend-Line Support as USD Holds Resistance

The rally in the US Dollar has run into resistance, and prices have continued to pullback after an in-line CPI print. EUR/USD compression continues after another trend-line test.


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US Dollar Losses Ground as November US CPI Weakens Fed Narrative

The Federal Reserve will likely hike rates next week, but evidence of slowing inflation means the path forward is less certain.


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The Predictive Power of the CoT Report | Podcast

The CFTC’s Commitment of Traders report provides traders with an idea of where the market could move next. Find out how to analyze this data


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Bitcoin, Ethereum, Ripple Prices Remain Weak | Webinar

The cryptocurrency market continues to drift lower with any rebound finding sellers. Some cryptos are now in unchartered territory making technical analysis difficult.


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DXY Index Holds Near Yearly Highs Ahead of UK No-Confidence Vote, US CPI

Volatility in FX markets remains elevated with a full slate of data and events due out today.


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EUR/USD Rate to Stay Afloat on Mixed U.S. CPI Report

Updates to the U.S. Consumer Price Index (CPI) may keep EUR/USD afloat as the headline reading is projected to slow to 2.2% from 2.5% per annum in October.


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

The Dow looks like it may have found a low on Monday, which should help stabilize the DAX; gold is trying to hold support while crude oil continues to digest losses.


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Santa Rally in European Stocks Looking More Likely

The traditional Santa Rally in European stocks in December may be starting as concerns ease about the US-China trade war.


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S&P 500, Dow Jones & Nasdaq 100 Charts: Monday’s Reversal Lows Hold the Key

Monday’s turnaround came at a critical spot and so long as those lows hold the market may be able to stave off further selling until after the calendar flips to 2019.


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GBPUSD Forecast: Path of Least Resistance Is Upwards

GBPUSD has reacted positively to news of a leadership challenge to UK Prime Minister Theresa May, suggesting more gains to come as Brexit could be delayed or even abandoned.


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Brexit News: UK PM May to Face Leadership Battle Today; Sterling Rattled

UK PM Theresa May will face a leadership challenge later today after the 1922 Committee received the 48 letters needed.


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US Dollar May Rise on CPI, Euro Casts Worried Eye on Italy and France

The US Dollar may rise as November’s CPI data helps rebuild Fed rate hike bets. The Euro is at risk amid worries about political turmoil in Italy and France.


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Asian Stocks Boosted By China Auto Tariff Reports, US CPI Looms

Asia Pacific stock markets found something positive at last in reports that China will cut its tariffs on auto imported from the US


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As France, Italy, ECB and Other Euro Risks Rise, Watch EURCHF

Though there is clear leverage in fear over Brexit and the US trade wars, the most comprehensive risk may encompass the Euro. Fiscal stability and monetary policy intent raise the need to plot specific havens for this benchmark currency.


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Crude Oil Prices May Get Clashing Cues in US Inventory, CPI Data

Crude oil prices may get conflicting cues in US inflation and inventory flow data if the former boosts the Dollar while the latter reveals a larger drawdown than expected.


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USD/SGD Prices Eye Reversal Pattern. False Breakouts in MYR, IDR?

The Malaysian Ringgit and Indonesian Rupiah might have had false breakouts against the US Dollar. Meanwhile, the Singapore Dollar is overshadowed by a bullish reversal pattern.


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Dow Wilts on Government Shutdown Threats, Pound Kept Off Balance by Confidence Vote Rumors

Just when it seems volatility may settle, the convergence of flighty markets and provocative headlines stirs the waters once again. Trade wars and government shutdown have kept US markets off kilter while Brexit fears are on high alert.


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Euro in Focus as Markets Eye Upcoming European Council Meeting

The Euro will likely be the primary point of focus for investors as the European Council meets this week to discuss Brexit, the Italian budget, international affairs and the future of Europe.


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Japanese Yen Technical Analysis: USD/JPY Range Looks Safe Enough

The Japanese Yen is stuck in a wide trading range against the US Dollar which seems to enjoy quite strong base support. The same can’t be said for poor GBP/JPY however.


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Fed Hike Bets Overshadow China US Auto Tariff Cut, AUD/USD at Risk

Improving US China trade news boosted European equities and the S&P 500 gapped higher. But momentum fell apart as Fed rate hike bets rose as a consequence. AUD/USD climb at risk.


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US-China Trade War: China Agrees to Slash Auto Tariffs, Dow Retreats

Substantial progress was made in the US-China trade war Tuesday as China’s Vice Premier, Liu He, announced a 25 percent reduction on tariffs of US autos.


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Euro Forecast Weakens as Paris Riots Threaten Macron Presidency

The Italian budget deficit negotiations may be front and center, but civil unrest in Europe’s second largest economy is weighing on French bond markets, hurting the Euro.


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Gold Price Forecast: Post-NFP Rally Met with Waning Bullish Momentum

The recent strength in the price of gold appears to be sputtering as the Relative Strength Index (RSI) flops ahead of overbought territory.


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NZD/USD Weekly Price Outlook: Kiwi Rally Runs into Resistance

The New Zealand Dollar is struggling after responding to confluence resistance last week. Here are the levels that matter on the NZD/USD weekly chart into the year-end.


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Sterling (GBP) Slammed Lower on No Confidence Vote Rumour

Sterling made a fresh 18-month low Tuesday after rumors hit the screens that the 48 letters needed to trigger a vote of ‘No Confidence’ in PM May had been handed in.


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EUR/USD Caught in Congestion as USD Extends Fibonacci Support Bounce

The US Dollar came into this week on the ropes, quickly testing a key area of Fibonacci support. But bulls have come back with gusto since that support test.


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

The DXY is a chop-fest right now while the Euro continues to contract within a triangle, EUR/AUD has resistance worth watching, gold may climb a little higher before resistance.


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Dollar Bulls Not Out Yet amid DXY Index Bullish Outside Engulfing Bar

Despite breaking its uptrend from the September low, the DXY Index's symmetrical triangle since November remains in place.


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Market Sentiment Improving Only Marginally | Webinar

Trading sentiment remains very poor despite a modest improvement in confidence.


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DAX 30 Technical Outlook – Near-term Downside Extended, but More to go Long-term

From a macro standpoint the DAX looks headed considerably lower, but in the near-term selling may be overdone.


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Brent Crude Oil Price - Building a Trading Range?

Brent crude oil looks like it has made its low print for the year, but its upward trajectory is currently blocked by a combination of technical indicators. It looks like oil is starting to build a range.


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EURUSD May Weaken as ZEW Data Highlights Economic Weakness

EURUSD remains capped under 1.1400 for the time being and may struggle to push higher after the latest German ZEW data showed underlying economic weakness across the Euro-Zone.


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GBPUSD Price Stabilizes, Challenges Key Support Levels

The GBPUSD price is more stable Tuesday ahead of several important support levels but any break would send it even lower.


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Euro at Risk Amid Conflicting Reports on EU, Italy Budget Talks

The Euro may fall as traders flee uncertainty amid conflicting reports about prospects for a budget deal between Italy and the EU.


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Asia Stocks Mixed, Sentiment Still Fragile on US China Trade News

Sentiment remains fragile, Asia stocks traded mixed despite S&P 500 recovery and US China trade discussions. Nikkei 225 sitting on support, Japanese Yen rose. European shares at risk.


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Gold Prices in the Balance if Yields, US Dollar Diverge Again

Gold prices may be trapped by conflicting influences if the US Dollar gains on haven demand while bond yields drop amid renewed risk aversion.


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USD/CAD Prices Vulnerable as Key Support is Breached

USD/CAD may continue to recover on interest rate differentials, but technical positioning hints at downside momentum. Will this attempt find follow-through?


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How New Brexit Developments Alter Possible Pound Scenarios

Following a delay in Prime Minister May’s Brexit proposal, GBP sharply declined. How will new developments further affect Great British Pound prices?


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EUR/GBP Technical Analysis: Brexit Bullish Push, 2018 Highs Next?

Brexit news propelled EUR/GBP prices higher despite technical bearish signs. If August 2018 highs are breached, bullish confirmation may result in testing August 2017 highs thereafter.


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Australian Dollar at Risk From Arrest of Huawei CFO Meng Wenzhou

The Australian Dollar has closed lower for five consecutive days after news broke of the arrest of Huawei CFO Meng Wanzhou, risking the possibility of a re-ignited US-China trade war.


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Dow Takes a Dip Into Breakdown Territory, Pound Stays There after Brexit Vote Cancelled

Both the Dow Jones and Great British Pound dipped into breakdown territory, as risk aversion and delayed Brexit negotiations dominated market sentiment.


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ASX 200 Technical Analysis: Gains Made Since 2016 Now Threatened

The ASX 200 has broken down to a new low for 2018, in the process putting focus on the long climb up from the lows of 2016


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USD/JPY Looks Past Mixed Business Sentiment, Eyes Risk Trends

USD/JPY ignored the release of fourth quarter business sentiment measures. Equities’ reactions to US-China trade negotiations and a potential no-deal Brexit will have more to offer.


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