Tuesday, 30 April 2019

ASX 200 Gains While Most Other Asian Markets Closed, Fed Focus

Most Asia Pacific mainboards were closed for holidays Wednesday. The ASX wasn’t though. It caught a US tailwind as investors looked to this month’s Fed meeting.


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NZD/USD Technical Analysis: Tepid Rebound Rejected at Resistance

The New Zealand Dollar attempted a tepid rebound, but the move looks to have recoiled from chart resistance, setting the stage for renewed downside progress.


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USD/IDR, USD/SGD May Reverse. USD/PHP Upside Breakout Fell Short

Upside breakouts in USD/IDR and USD/SGD are appearing to be short-lived. USD/PHP is facing critical support again after its false breakout higher. USD/MYR is in consolidation mode.


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S&P 500 Is Due a Break, Can Apple Earnings, Stimulus Talks or the Fed Do It?

Whether a break of necessity or a break of intent, the benchmark S&P 500 is due a break soon. With a confluence of updates on earnings, trade wars, growth and the Fed decision; that break will likely come soon.


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Japanese Yen Holds Dollar Bulls At Bay, USDJPY Range Threatened

The Japanese Yen has spent much of the year on the back foot against the US Dollar, but USD/JPY’s ancient uptrend channel looks precarious now


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Will Democrats, Trump $2 Trillion Fiscal Plan Put Fed Back on Track?

President Donald Trump and key Democratic leaders announced a joint effort to implement a $2 trillion infrastructure plan. Will it pass, and how will it impact the Fed?


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Currency Volatility: All Eyes on the Fed and US Dollar Tomorrow

Forex market participants are anxiously awaiting tomorrow's monetary policy update from the Federal Reserve which has potential to weigh heavily on the US Dollar.


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GBPUSD Reverses on Brexit Latest. USDCAD Falls on Poloz After GDP

The British Pound soared and GBP/USD cleared resistance as the uncertainty of a Theresa May leadership change during Brexit talks was cooled. USD/CAD looked past soft GDP data.


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NZD/USD Falls on Mixed Employment Data - Eyeing FOMC Ahead

The New Zealand Dollar fell after mixed unemployment data crossed the wires. Up next, NZD will be tensely watching the FOMC meeting.


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AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

A strong quarterly performance from Apple will look to repair damaged sentiment following Google’s miss on Monday. Coupled with a beat from AMD, the tech-heavy Nasdaq will look to outperform its counterparts.


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USDMXN: Mexico GDP Contracts, Peso Whipsaws Ahead of Fed

A disappointing 1Q 2019 GDP report out of Mexico pushed USDMXN higher immediately following its release, but broad-based US Dollar weakness ahead of the Fed meeting tomorrow is likely weighing negatively on the greenback.


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US Dollar Price Action Setups Ahead of FOMC, NFP

The US Dollar has pulled back from last week’s breakout, but the next three days are especially busy on the economic calendar. Can buyers re-gain control?


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Euro Price Outlook: EUR/USD Snap Back- Trade or Fade?

Euro reversed from multi-year slope support and puts price back at the monthly open into the close of April trade. Here are the levels that matter on the EUR/USD charts.


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Sterling Technical Analysis: GBP/USD Rallies Ahead of FOMC, BoE

GBP/USD is putting in an impressive rally following last week's bearish breakout. But can GBP bulls continue to drive-higher with FOMC and BoE coming up?


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Stock Market Update: GE, GM Earnings Recap, AAPL and AMD Ahead

After a miss from Google, the Nasdaq will need a strong performance from AAPL and AMD to buoy price and heal wounded sentiment.


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USD/CHF Technical Analysis: Upward Trend Losing Momentum

Since March 20th USD/CHF has been pushing higher and breaking significant resistance levels - Where to next?


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USDCAD’s Failed Breakout Attempt Hinges on Next Crude Oil Price Move

Crude Oil prices appear to be holding a key trend level as fresh supply concerns arise. This may be bad news for USDCAD rates.


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10 Trading Mistakes to Avoid in Forex Trading

The forex market is complex in nature and often leads to common trading mistakes.


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CAD Drops, GBPUSD Reclaims 1.30, USD Selling on Month-End Flows - US Market Open

The USD is on the defensive, down 0.3% as the index tests 97.50. Month-end flows have been among the main factors behind the decline in the USD index.


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Top 3 Technical Analysis Charts for Trading

There are 3 main types of technical analysis charts traders are likely to experience in their career.


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Crude Oil Prices Rise With Venezuelan Military Coup Underway

Oil prices have been grinding higher throughout the European session with Brent crude rising over 1.4% and WTI gaining 1.5%.


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Gold Price Outlook: Gold Recovery Continues - Are Sellers Finished?

Gold prices put in a strong bearish run last week, but after setting a fresh 2019 low, buyers have re-emerged and Gold prices are trending-higher.


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Market Sentiment Remains Positive | Webinar

Overall, trader sentiment remains buoyant, with stock markets not far from their recent record highs and no rush into safe havens such as gold.


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Dollar Breakout Under Fire; Euro, GBPUSD & Gold Price Charts

The DXY is testing big breakout support; how the Euro acts is first and primary, cable at spot on chart, gold trying to benefit from weakness but struggling.


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AUD Price Under Pressure on Poor Chinese Economic Data

More weak figures from China are adding to the downward pressure on the Australian Dollar, which is widely traded as a proxy for the world’s second largest economy.


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Sterling (GBP) Price Outlook - GBPUSD & EURGBP

Sterling is getting a lift in early turnover against the US dollar and the Euro, although the single-currency is getting a boost from positive economic data.


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Copper Price Outlook: Support Holds as USD Drop Offsets Chinese PMI Miss

Chinese PMI figures disappointed market expectations, resulting in a pullback in copper prices, however a dip in the greenback and copper stockpiles has provided a lift to the base metal.


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EURUSD Breaks Above 1.1200 on Positive Euro-Zone Data Releases

EURUSD edges higher in the short-term but its future direction may well be steered by Wednesday’s FOMC rate meeting and Friday’s US Labor Report.


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Euro Pushes Higher After German Jobs Numbers, Data-Heavy Session Lies Ahead

Better than expected German unemployment data has reinforced the Euro’s uptrend pushing towards the 1.12 line. In April, Germany created 5,000 more jobs than in March, surprising investors that were expecting that unemployment had increased.


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DAX 30 & CAC 40 Momentum Stalling, Rising Risk of a Decline

The DAX and CAC have been losing momentum the past week and in an extended state this is starting to favor prices rolling over in the days ahead.


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Yen May Extend Rise as S&P 500 Chart Warns of Trend Change

The anti-risk Japanese Yen may continue higher as technical positioning of the bellwether S&P 500 index warns of topping, implying a bearish turn in markets overall.


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Monday, 29 April 2019

SEK, NOK Forecast: European GDP, US Data May Pressure Nordics

The Swedish Krona and Norwegian Krone may find themselves under pressure as key growth data out of the US and EU cross the wires.


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Crude Oil Prices May Break 2019 Uptrend on Global Slowdown Fears

Crude oil prices may break chart support guiding the uptrend since the beginning of the year as fears about slowing global economic growth sour market sentiment.


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S&P 500 May Reverse on Technical, Sentiment Signals. KOSPI Falls

As equities trade mixed in Asia trade, the S&P 500 is showing signs of a top based on technical and sentiment signals. Disappointing Samsung earnings sunk the KOSPI as Yen rose.


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China Stocks at Risk as Earnings Play Up Economic Contradictions

Chinese stock markets have offered some of the best performances in the world this year, but they’ve hit a sticky patch as earnings season approaches.


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Krona, Krone Outlook: Volatility Ahead of FOMC, EU Data

The Swedish Krona and Norwegian Krone will be in a for a potentially tumultuous week as the US and EU prepare to publish several key economic indicators along with the FOMC rate decision.


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S&P 500 and Dollar Trip Crossing the Breakout Finish Line, What to Watch Now?

The start of the week has already started the fundamental wheels turning between trade wars, growth and earnings influences; but that has done little to prompt follow through from the likes of the S&P 500 or EURUSD.


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AUD/USD Technical Analysis: Aussie Outlook Bearish Despite Bounce

The Australian Dollar managed a bounce having found support below the 0.70 figure but overall positioning still seems to favor a bearish trend bias.


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Australian Dollar Wilts As China Manufacturing PMI Misses Forecasts

The Australian Dollar was hit hard by PMI data showing that China's manufacturing sector grew very marginally in April


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Euro Gains But Resistance May Sink EUR/USD, AUD/USD Eyes China PMI

The Euro gained as markets digested Italy avoiding a sovereign credit rating downgrade, EUR/USD may turn lower as resistance holds. AUD/USD may rise on China manufacturing PMI data.


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Currency Volatility: Euro and Mexican Peso Ripe for Price Action

Eurozone and Mexico GDP puts EURUSD and USDMXN in forex traders' crosshairs for currencies to watch ahead of tomorrow's potentially market-moving data.


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S&P 500 Outlook: GOOG Falls Ahead of Earnings from GE, GM

Earnings season continues with first quarter results from Alphabet’s Google, General Electric and General Motors. US equities will then await Apple earnings, slated for Tuesday evening.


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FX Week Ahead - Top 5 Events: EZ GDP and CPI; Canada GDP; FOMC; US NFP

The end of April and beginning of May will bring the usual supersaturated economic calendar this week.


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GBPUSD: 73.4% of Traders Remain Net-Long

Though traders are less net-long than yesterday and compared with last week, these changes are relatively small. As a result, the current sentiment suggests a bearish trading bias.


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EURUSD: Net-Short Positions Increased by 20.4% from Last Week

Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


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Gold: Prices May Continue to Fall

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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Top 5 Events: April US Nonfarm Payrolls & EURUSD Price Forecast

The April US Change in Nonfarm Payrolls report is due on Friday at 12:30 GMT.


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Top 5 Events: May Fed Meeting & USDJPY Price Forecast

The May Fed meeting will conclude on Wednesday, May 1 at 18:00 GMT.


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Currency Volatility: GBPUSD, NZDUSD, USDTRY Weekly Outlook

GBPUSD volatility covers BoE rate decision, where risks are for a hawkish dissenter, NZDUSD implied volatility highest among G10 currencies.


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Canadian Dollar Price Outlook: USD/CAD Pullback Eyes Breakout Support

Loonie is on firm footing early in the week the pullback now testing the origins of last week’s price breakout. These are the levels that matter on the USD/CAD charts.


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Top 5 Events: February Canada GDP & USDCAD Price Forecast

The February Canada GDP report is due on Tuesday, April 30 at 12:30 GMT.


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Silver Prices Near Large Reversal; Crude Oil and DXY in Terminal Waves

Elliott wave patterns for silver, crude oil, and US Dollar Index point to tired trends.


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Top 5 Events: Q1’19 Eurozone GDP and CPI & EURJPY Price Forecast

The Q1’19 Eurozone GDP report is due on Tuesday, April 30 at 09:00 GMT while the initial April Eurozone CPI report us due on Friday, May 3 at 09:00 GMT.


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Gold Price Forecast: Bearish Formations Remains in Play Ahead of FOMC

The outlook for gold remains mired by a head-and-shoulders formation, with the RSI highlighting a similar dynamic as it tracks the bearish trends from earlier this year.


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Weekly Trade Levels for Euro, Sterling, Loonie, Aussie, Gold & Oil

Webinar highlighting active trade setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter on the technical charts.


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GBPJPY, GBPUSD in Focus as Brexit Cross-Party Talks Continue

The next few days could prove to be critical for the Brexit saga.


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Weekly Technical Forecast: Key EURUSD, Nasdaq and Crude Oil Breaks Need Follow Through

We have experienced a number of key technical breaks just this past week alone. The Dollar broke to a near two-year high, the Nasdaq revived its charge to record highs and crude oil has put in for a tentative reversal.


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US Dollar Price Outlook: USD Tests Support to Start Big Week of Data

The US Dollar broke-out last week amid a seeming lack of drivers, but this week's calendar is loaded. Can Dollar bulls extend the move as USD holds higher-low support?


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GBPUSD Holds 1.29, Crude Oil Bounces Off Support - US Market Open

A relatively muted session thus far with major USD pairs trading in tight ranges. GBP holds above 1.29 with eyes on elections & BoE monetary policy decision.


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Weekly Trading Forecast: Heavy Seas Between Fed Decision, EZ GDP and Trade Wars

This past week was spiked with a few key events like the US 1Q GDP release and an active theme in US earnings.


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Sterling (GBP) Price Outlook - A Seriously Busy Week Ahead

Sterling opens the week a touch higher across the board but with so many different heavyweight data releases, coupled with BoE and FOMC decisions and US NFPs, volatility is likely to ramp up.


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Crude Oil Price Reversals Suddenly Shift Outlook Lower

Crude oil was hit hard on Friday, helping forge bearish weekly reversal candles; shifts focus towards lower prices.


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EURUSD Brushes Off Consumer Confidence Weakness, Heavyweight Data Ahead

The Euro uptrend is tested as the Eurozone’s Economic Confidence figure comes in slightly worse than expected, at 104 (Exp. 105) and Consumer Confidence remains unchanged at -7.9.


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COT Report: Euro Shorts Looking Crowded, USD Longs Continue to Build

Speculators have boosted their USD long positioning yet again, Euro shorts are beginning to look crowded, while GBP net positioning is back to short.


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Gold Price Rebound Under Threat, Silver Battles Conflicting Signals

Gold and silver continue to draw attention with both now looking for their next move after Friday’s price action. There is a lot of potential risk events this week – will that boost the pair?


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S&P 500, DAX Fundamental Forecast: Focus on FOMC, NFP & Apple Earnings

The S&P 500 moved within touching distance of its record peak, while the DAX outperformed relative to its major counterparts.


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Dollar May Rebound on Soft US PCE Data, S&P 500 May Be Topping

The US Dollar may return on the offensive if soft PCE data stokes haven demand. S&P 500 technical positioning bolsters the case for on-coming risk aversion.


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Sunday, 28 April 2019

Asian Stocks Mixed Despite US Tailwind, Tokyo’s Long Absence Starts

Regional mainboards will have to do without holiday-closed Japan until well into May. Judging by Monday’s showing that could make for a serious reduction in trading action


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Gold Prices Surge on US GDP Data, Chart Still Warns of Topping

Gold prices surged as US GDP data drove Treasury bond yields and the Dollar lower. Chart positioning still hints a major top has been established however.


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USD/SGD May Rise on Fed as Crude Oil Weakness Stems USD/PHP Rise

The US Dollar may rise versus the Singapore Dollar on the Fed as a cooldown in crude oil prices supports the Philippine Peso. China Manufacturing PMI may surprise higher, boosting MYR.


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ASX 200 Holds Near 11-Year Highs as Key Bank Earnings Approach

The ASX 200’s impressive run higher has taken it up to peaks not seen since late 2007, where it seems to be holding as a key fundamental week approaches


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Japanese Yen Flash Crash Warning on High Alert - Calm Before the Storm

Markets are on high alert for a potential flash crash to prompt a surge in volatility with Japanese markets closed for the longest period since World War 11.


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US Dollar Fell on Mixed GDP, Crude Oil Prices at Uptrend Support

The US Dollar fell on mixed GDP data, crude oil prices dropped to uptrend support as Trump pressured OPEC to lower prices. Japanese markets are offline, offering less liquid conditions.


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Weekly Technical Forecast: Key EURUSD, Nasdaq and Crude Oil Breaks Need Follow Through

We have experienced a number of key technical breaks just this past week alone. The Dollar broke to a near two-year high, the Nasdaq revived its charge to record highs and crude oil has put in for a tentative reversal.


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Dow Jones, S&P 500, DAX 30 and FTSE 100 Technical Forecast

The S&P 500 trades narrowly beneath its all-time high which has offered resistance while the DAX faces resistance at a key Fib level.


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S&P 500, FTSE 100 Outlook: Trade War Deadline, Brexit Vote, Fed Powell Testimony in Focus

The S&P 500 moved within touching distance of its record peak, while the DAX outperformed relative to its major counterparts.


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Saturday, 27 April 2019

EURUSD Weekly Technical Outlook: Euro May Bounce, but Buyer Beware

The Euro dropped to near two-year lows last week but found some buyers late; general tone favor lower prices soon; DXY should continue its breakout.


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EUR Forecast: Traders Eye Eurozone GDP, Jobs, CPI Data Upcoming

The Euro came under renewed pressure after suffering steep losses against the US Dollar and the Japanese Yen since last Friday. Could EUR face additional downside next week with Eurozone GDP and Inflation data on deck?


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Gold Prices Earn Biggest Week Rally in Three Months, Is This a Reversal?

Gold prices earned a meaningful recovery through the second half of this past week, charging the best week’s climb in three months. Similar moves of this scale have triggered bull phases recently, but does tha hold here?


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Gold Price Outlook: A Week Packed Full of Major Risk Events and Data

A deluge of high importance data releases and two major central bank interest rate decisions may buffet gold all next week, with the latest US non-farm payrolls to bring the week to a close, just for good measure. Add in low liquidity in Asia and traders will need to be on their toes for sharp bouts of risk and volatility.


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US Dollar Weekly Price Outlook: Rally at Multi-year Trend Resistance

The Dollar is testing confluence resistance at fresh yearly highs and leaves the immediate price advance vulnerable. Here are the levels that matter on the DXY weekly chart.


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US Dollar May Rise Further as a Cautious Fed Spooks Markets

The US Dollar may continue higher as a cautious tone from the Federal Reserve despite recently rosy data spooks financial markets and inspires haven demand.


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GBPUSD Rate to Stage Larger Rebound on Hawkish BoE Forward-Guidance

The Bank of England (BoE) interest rate decision may curb the recent decline in GBP/USD should the central bank endorse a hawkish forward-guidance for monetary policy.


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British Pound Weekly Forecast: Price Outlook Choppy as Brexit Talks Share Spotlight with BOE Meeting

With Brexit talks still dominating traders’ attention when it comes to the British Pound, the May Bank of England meeting will likely see policymakers sidelined – again. Will UK PM Theresa May be sidelined too?


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Friday, 26 April 2019

Dollar, S&P 500 and Oil Trends Depend on Fed, Trade Wars, Risk Appetite

US earnings proved capable of volatility in certain areas of the global risk market, but ultimately they fell short of spurring trends. Indices like the S&P 500 and benchmarks like the Dollar have staged breakouts and need something more tangible to provide lift.


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Crude Oil Price Forecast: Favorable Forces Remain Despite Sharp Drop

The price of crude oil fell hard at the end of the week, but all hope is not lost for bulls despite ominous technical clouds forming overhead.


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Crude Oil Price Declines May Accelerate on Fed, Soft US Econ Data

After crude oil prices fell by the most in two months this past week, the commodity may find itself at risk if the Fed doesn’t hint at cutting soon. US data may put OPEC supply fundamentals on the sidelines.


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Crude Oil, Gold Price Action Sees ETF Traders Reduce Exposure

Bullish gold traders were offered a brief reprieve this week as the price of the precious metal rebounded but ETF traders may be unconvinced as they continue to reduce exposure.


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Weekly Trading Forecast: Heavy Seas Between Fed Decision, EZ GDP and Trade Wars

This past week was spiked with a few key events like the US 1Q GDP release and an active theme in US earnings.


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Aussie Price Forecast: AUD/USD, AUD/JPY Near Critical Support

The Aussie had a difficult week, pretty much across-the-board. But a big long-term level was tested in AUD/USD and AUD/JPY has pushed back to range support.


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Battered Australian Dollar Could Face Yet More Disappointing Data

The Australian Dollar could see some of the clear current pressure on it relieved by the Fed, but there remains clear scope for data disappointment and more weakness seems likely


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Top 5 Events: April Bank of Japan Meeting & EURJPY Price Forecast

Japanese markets are about to embark on their longest holiday in the post-World War II era.


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Currency Volatility Could Ignite with EZ GDP, FOMC, US NFP Next Week

Next week is chalk-full of potential risks surrounding major economic events and data releases that could easily stoke market volatility. What risks and forex pairs should traders keep an eye out for?


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Japanese Yen Flash Crash Warning on High Alert - Calm Before the Storm

Markets are on high alert for a potential flash crash to prompt a surge in volatility with Japanese markets closed for the longest period since World War 11.


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Near-term Trade Setups in AUD/USD and GBP/USD

An update on near-term trade setups we've been tracking in Aussie (AUDUSD) and Sterling (GBP/USD). These are the targets and invalidation levels that matter next week.


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

The US Dollar broke out to fresh 22-month highs this week. And next week's economic calendar is loaded with event risk. Can USD bulls maintain?


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USDCAD Breakout Stalls Ahead of US NFP Report as GDP Fails to Impress

USD/CAD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report on tap for May 3 as it snaps the series of higher highs & lows from earlier this week.


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Crude Oil Price Crumbles on Trump Call to OPEC Despite US GDP Beat

Crude oil dropped a whopping 4 percent before trimming losses following reports that President Trump called OPEC to put pressure on the oil cartel to increase market supply and send prices lower.


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Oil Weekly Price Outlook: Crude Rally Stalls- Correction Underway

Oil prices risk a larger pullback after posting fresh yearly highs this week. These are targets & invalidation levels that matter on the crude oil weekly chart.


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Gold Forecast Turning Bullish as Price Returns Back into Triangle

A return into a consolidation can underpin a “false breakout,” which, if so, may mean that Gold prices may have more room to run higher.


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US Dollar Price Outlook: USD Holding at Fresh Highs, Bend or Break?

The US Dollar broke above the triangle formation this week, but next week's economic calendar is loaded with risk items, including FOMC: Time to make or break.


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USD Whipsaws Despite Q1 GDP Smashing Expectations - US Market Open

US Q1 GDP smashed expectations at 3.2% vs. Exp. 2.3%. However, details within the report offset excitement, pushing the USD lower.


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Dollar, Euro, Pound and Gold Price Charts to Watch Next Week

Will USD make good on its breakout? Watch how the Euro and Sterling play their part in this, along with gold's reaction as it tries to maintain trend-line support.


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S&P 500, Dow, Nasdaq 100 Charts: Strong but Vulernable

The market is maintaining a firm bid for the most part, but caution is still warranted with prices extended at or near record highs; Dow could be first sign of market ready to slip.


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Upbeat U.S. GDP Report to Keep EURUSD Rate Under Pressure

Updates to the U.S. GDP report may keep EUR/USD under pressure as the growth rate is expected to increase 2.3% after expanding 2.2% during the last three-months of 2018.


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GBPUSD Price Forecast - US Q1 GDP Will Drive Short-Term Volatility

GBPUSD traders are looking for any clues from today’s US Q1 GDP release to plan short-term price set-ups. Cable continues to sit on support, however further US dollar strength could see this quickly disappear.


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Gold Price Outlook: Recovery from 2019 Low Faces Critical Test

Despite the topside breakout in the USD index, gold prices have managed to stage a slight recovery from its 2019 lows and is set for its first weekly gain in a month.


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Crude Oil Prices Spike Lower as WTI Crude Breaks Below $65

WTI and Brent crude futures spikes lower with WTI breaking below the $65 to lows of $64.30, while Brent crude futures are down over 1.3%.


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Dollar May Rise if Soft US GDP Data Spooks the Markets

The US Dollar may rise if soft first-quarter GDP data stokes global slowdown fears, spooking financial markets and driving haven demand for benchmark currency.


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Bitcoin (BTC) Price Slumps on Bitfinex-Tether Fraud Allegations

Bitcoin (BTC) dropped sharply late Thursday as NY AG opened an investigation into potentially fraudulent activity involving the operators of Bitfinex and Tether.


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Euro Technical Analysis Overview: EURUSD, EURJPY, EURGBP

Euro outlook increasingly bearish following downside breakout, EURJPY eyes key fibo support, while the EURGBP range remains intact


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Thursday, 25 April 2019

Crude Oil Prices May Fall if US GDP Data Disappoints

Crude oil prices may fall if first-quarter US GDP data falls short of expectations, stoking global slowdown worries and cooling market-wide risk appetite.


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Swedish Krona Hungover After Riksbank Signaled Delayed Rate Hike

The Swedish Krona was battered by an unexpectedly dovish Riksbank with policymakers announcing a delayed rate hike and a continuation of its bond-purchasing program.


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Asian Stocks Wilt, Nintendo Weighs On Nikkei, US GDP Looms

A weak Wall Street finish made life tough for Asian stock bulls, but feeble local data and earnings figures added to the gloom


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Can Amazon Leverage More Nasdaq and Risk Rally, Will GDP Run the Dollar?

Strong after-hours US earnings didn’t earn risk trends a swell Thursday, so should we expect anything different from Amazon’s figures through the Nasdaq or general speculative measures Friday? What about the US GDP update?


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EUR/USD Technical Analysis: Euro Drops to 2-Year Low. Now What?

The Euro has dropped to the lowest level in nearly two years against the US Dollar, but chart positioning warns sellers of a challenging road ahead, at last in the near term.


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EUR/GBP Rate May Reverse on Bearish Technical, Sentiment Signals

EUR/GBP may reverse lower based on technical and sentiment signals, facing a well-defined support range. In the medium-term, the Euro may consolidate against the British Pound.


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NZD/USD Downtrend Pauses, 3M Job Cuts Sink Dow Jones, JPY May Gain

The NZD/USD downtrend paused on resistance as dismal US initial jobless claims hurt the US Dollar. 3M job cuts sunk the Dow Jones, S&P 500 futures hint the Japanese Yen may gain.


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3 Scenarios to Consider for the S&P 500 Ahead of US GDP

The initial print of first quarter GDP from the world’s largest economy will cross the wires Friday as equity bulls hope for a strong figure, the implications for the Fed’s policy path may dictate conviction.


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Will US GDP Stoke Currency Volatility Across USD Forex Pairs Tomorrow?

The highly anticipated first quarter US GDP report is due for release during Friday's session. What might tomorrow's numbers mean for the US Dollar and currency volatility?


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US Dollar Price Action Setups After 2019 Highs: Gold Price, EUR/USD

It was like a delayed reaction as Gold prices broke down to fresh 2019 lows and then, a day later, the USD broke out to fresh yearly highs.


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Bitcoin Price’s Turn Higher May Be Rooted in Lira and Peso Weakness

Emerging market currencies are back under pressure as credit risk has soared. Like for much of 2019, EM FX woes are welcomed news for cryptocurrencies.


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EURUSD Rate Remains Under Pressure Following Dovish ECB Bulletin

EUR/USD remains under pressure as the European Central Bank (ECB) warns that the ‘the risks surrounding the euro area growth outlook remain tilted to the downside.’


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Sterling Price Outlook: GBP/USD Bears Grind into Trend Support

Sterling is down more than 3.8% form the yearly highs with price now testing key technical support. Here are the targets & invalidation levels that matter on the GBP/USD charts.


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USD/CAD Bullish Channel Defines Current Trend

The longer term Elliott wave 4 pullback found support at the end of August 2017 has coincided with a longer-term trend line.


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Central Bank Weekly: BOJ and BOC Decisions, Fed and ECB Struggles

Central banks have been in the driver’s seat this week, and next won’t be any different with the Fed meeting on Wednesday.


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USDCAD Rate Forecast: Post Bank of Canada (BoC) Breakout Eyes 2018-High

Recent price action in USD/CAD brings the 2018-high (1.3665) on the radar as the exchange rate breaks out of a near-term range following the Bank of Canada (BoC) meeting.


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Top 5 Events: Q1’19 US GDP & EURUSD Price Forecast

The initial Q1’19 US GDP report is due on Friday, April 26 at 12:30 GMT.


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USD Gains Awakens Currency Volatility, EUR and GBP Pressured - US Market Open

Gains in the greenback show little signs of letting up, which in turn has also seen currency implied volatility pick up.


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Gold Price Challenges Resistance at Prior Support as USD Bulls Charge

Gold prices broke-out earlier this week, and then yesterday the US Dollar followed. But Gold prices have remained strong with USD, highlighting risk-aversion potential.


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Brexit Latest: PM May Survives; GBPUSD Hits a 10-Week Low

UK PM Theresa May soldiers on as a move to challenge her leadership is quashed. Sterling however is looking weak against a soaring US dollar as GBPUSD support levels fold.


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Will the US Dollar Breakout Last? A Glance at EURUSD, GBPUSD & USDJPY Charts

Yesterday the DXY broke out decisively; the Euro and Sterling are trading weak, Yen not so much but still looks poised to go lower.


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UK Retail Actvity Picks Up Strongly, Points to Economic Recovery

The Confederation of British Industry’s latest distributive trades survey implies that April saw the first rise in UK retail sales for five months, suggesting consumer spending is increasing.


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Currency Volatility: Euro Volatility Reignited, Deeper Losses on the Horizon

Investors rush for downside protection for EURUSD suggesting further losses in store with a 1.10 handle on the horizon, following downside range-break.


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Euro Catapults Higher vs SEK After Dovish Riksbank

Riksbank provide dovish message as inflation prospects remain subdued, EURSEK on course for largest daily gain in over 2years.


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Gold Price Outlook: Stabilizing After Hitting 2019 Low

The price of gold has steadied after hitting its lowest level since late last December and could rally further if signs continue to emerge of a global economic slowdown.


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EURUSD Price Breaks Down as US Dollar Rides Roughshod

EURUSD hits a 22-month low Wednesday and continues to probe the downside on a toxic combination of tepid Euro-Zone growth and a rampant US dollar


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Yen Up Before Golden Week, May Extend Rise on Risk Trends

The Japanese Yen rose ahead of the Golden Week holiday in Japan. Souring risk appetite amid deepening global growth concerns may see further headway made.


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FTSE Breaking Trend-line, Pulling the Rug; Chart Setting Up for More Losses

The FTSE broke above resistance on Tuesday but is now on the verge of losing the breakout with room to go on the downside as extended.


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Wednesday, 24 April 2019

Swedish Krona Forecast: Riksbank Rate Decision Ahead

Swedish Krona traders are biting their nails as the Riksbank prepares to announce its rate decision and outlook on policy.


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KOSPI Falls, South Korea GDP Contracts. Euro Stoxx 50 Uptrend at Risk

Equities traded mixed in Asia with the KOSPI weighed down after South Korean GDP unexpectedly contracted. Before Amazon earnings, the Euro Stoxx 50 uptrend is facing indecision.


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Gold, Crude Oil Prices at the Mercy of Corporate Earnings Flow

Gold and crude oil price action is likely to reflect the response of broad-based market sentiment trends to an incoming flood of first-quarter corporate earnings reports.


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Japanese Yen Takes BoJ Growth Call Cut In Stride, Policy Settings Held

The Japanese Yen was steady as the BoJ left its monetary settings alone and cut forecasts for both growth and inflation yet again.


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Watch Nasdaq Versus Dow On US Open, Dollar Earns Its Break

Earnings were in peak form this past session between trade and growth-oriented bulwarks like Boeing and speculative favorites such as Facebook. With risk trends in focus ahead, will the Dollar draw from this common source as well?


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Nikkei 225 Chart Hints Uptrend May Be Tiring, BOJ Rate Call Eyed

The Nikkei 225 continues to perform impressively but may need to negotiate a packed Japanese holiday period before striking out toward key resistance


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Will BOJ Monetary Policy be Pressured by US-Japan Trade Talks?

BOJ monetary policy may be put under pressure from the upcoming US-Japan trade talks where the topic of currency manipulation may be a key sticking point in the negotiations.


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USD/JPY Uptrend at Key Resistance Before BoJ, CAD Trims Drop on BoC

The US Dollar and Japanese Yen rose as the Canadian Dollar trimmed losses despite the BoC dropping its rate hike bias. USD/JPY sits under key resistance in its uptrend before the BoJ.


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Gold Price Outlook Mired by Head-and-Shoulders Formation

The price for gold bounces back from a fresh yearly-low ($1266), but there appears to be a broader shift in market behavior as a head-and-shoulders formation unfolds.


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Stock Market Update: Earnings on Tap for BA, INTC and AMZN

US indices traded lower on Wednesday after a series of mixed earnings from key firms. On Thursday, Amazon and Intel will offer their own quarterly reports.


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Currency Volatility: Japanese Yen Eyes Upcoming BOJ Rate Decision

With the Bank of Japan interest rate decision slated for Thursday's session, forex traders could experience increased price action in JPY currency crosses.


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EURUSD Forecast: Relative Strength Index (RSI) Offers Bearish Signal

The break of the March-low (1.1176) brings the downside targets on the radar for EUR/USD as the bearish momentum appears to be gathering pace.


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Aussie Price Outlook: AUD/USD Collapse Targeting 70 Support

Aussie collapsed through the April range lows with price now targeting big figure support. Here are the targets & invalidation levels that matter on the AUD/USD charts.


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How to Be a Part Time Trader: Tips on Workflow and Strategy

If you want to become a part time day trader, you'll need to learn to use your spare time to trade the FX market at strategic price points.


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Gold Price Forecast Could Turn Bullish Above This Key Level

Even as the US Dollar presses a breakout attempt at fresh yearly highs, Gold prices have stabilized in recent days. Is the downturn over?


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A Guide to Support and Resistance Trading

Learn to trade forex using support and resistance levels. Our guide explores top support and resistance trading strategies for executing trades.


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Canadian Dollar Swoons in Response to Dovish Bank of Canada Remarks

Despite the Bank of Canada maintaining its overnight rate target at 1.75 percent as expected, dovish language found in the April monetary policy update is putting downward pressure on the Canadian Dollar.


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Sterling Weekly Price Outlook: GBP/USD Breakdown Searches for Support

Sterling broke a multi-month consolidation pattern last week with price now eyeing broader uptrend support. Here are the levels that matter on the GBP/USD weekly chart.


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Live Event Coverage: Bank of Canada Rate Decision

Join Senior Currency Strategist Christopher Vecchio, CFA for live coverage of the April Bank of Canada meeting.


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EURUSD at Risk of Breakout, AUDUSD Drops as Soft CPI Fuels RBA Rate Cut Bets - US Market Open

As the USD continues to edge higher, the Euro is back towards critical support, whereby a downside break of its multi-month range paves the way for deeper losses.


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US Dollar Price Action Setups in EUR/USD, USD/CAD

The US Dollar perched up to a fresh yearly high yesterday, but buyers haven't been able to make much ground beyond. USD/CAD is testing key resistance ahead of BoC.


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USDCAD Rate Risks Near-Term Breakout on Dovish Bank of Canada (BoC)

The Bank of Canada (BoC) meeting may fuel the recent advance in USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75% in April.


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GBPUSD Price Battling Brexit Division and US Dollar Dominance

Sterling volatility is likely to increase over the coming weeks as the UK Parliament continue Brexit discussions with time running out before the European elections next month.


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY, GBPCAD

USDCAD uptrend stalls at top-end of range, while support in CADJPY stems further declines for now. GBPCAD weak in the longer term.


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

The Dow is nearing its old record high, DAX at trend-line resistance, crude oil staring down 67, while gold is at a make-or-break spot.


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EURUSD Price Outlook Steered by US Dollar Sentiment and Data

EURUSD price action remains under the influence of the US dollar and this is likely to increase with an EU data void through the rest of the week.


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Gold Price at Trend-line Support, Silver Price Pattern Near Triggering

Precious metals are precariously sitting on support levels, a trend-line for gold and pattern support for silver; will they hold or fold in the coming sessions?


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EURUSD Price Slips Back After Ifo Index Disappoints

Germany’s Ifo business climate index fell unexpectedly in April, confirming the current weakness of the German economy and sending the Euro lower.


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Crude Oil Price Outlook: Correction Lower May Be Short-Lived

Crude oil prices are easing back on suggestions that Gulf producers will raise their output and news of a larger-than-expected rise in inventories, but they will likely resume their advance shortly.


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US Dollar, Yen Rise as Currencies Question Wall Street Optimism

Currency markets are showing all the telltale signs of risk aversion despite exuberance on Wall Street even as S&P 500 technical positioning flashes warning signs.


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EURGBP Price Outlook - Grind Higher Slowing Down

EURGBP recent move higher is running out of momentum as strong resistance nears. While Brexit hits GBP, the Euro as a currency is also under pressure.


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Tuesday, 23 April 2019

Swedish Krona, Norwegian Krone Tense Up Ahead of US, EU Data

The Swedish Krona and Norwegian Krone will be keeping a close eye on US housing data and German IFO confidence indicators – SEK anxiously waiting for Riksbank rate decision.


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ASX 200 Holds Up On Australian CPI Miss, Other Asian Stocks Slip

Asia Pacific stock markets broadly failed to hang on to their gains despite Wall Street’s punchy Tuesday. Weak Australian inflation boosted the ASX but hit AUD hard


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BRL, Ibovespa May Rejoice as Pension Bill Survives First Vote

BRL and the Ibovespa will likely gain a boost when Brazilian markets wake up to the news that the pension reform bill survived its first congressional vote. What’s next?


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Crude Oil Price Chart Flashing Early Bearish Reversal Warning

Crude oil prices may turn lower if early technical clues pointing to ebbing upside momentum find a complimentary catalyst in incoming earnings reports.


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USD/PHP Uptrend Ahead? USD/SGD Aims for Range Ceiling, Breakout?

Philippine Peso weakness may extend as USD/PHP may be readying for a new uptrend as USD/MYR pauses its own. USD/SGD is aiming for range resistance and potentially an upside breakout.


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Dollar Short of Breakout, SPX Hits New Technical High, Earnings Stir Trade Wars

The return of liquidity seems to have revitalized an uneven appetite for risky assets. Will US earning continue to charge record highs without the global markets or will trade war implications draw more concern?


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AUD Plummets on Australian CPI - Aussie Eyeing US-China Trade War

AUD plunged following the release of worse-than-expected year-on-year CPI data. The sentiment-linked asset will now be closely watching the upcoming US-China trade talks.


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AUD/USD Technical Analysis: Key Trend Support Under Fire

The Australian Dollar is threatening a break of near-term chart support, setting the stage for what may be a trend-defining breakdown resuming last year’s dramatic selloff.


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AUD/USD May Turn on Channel Support. S&P 500, US Dollar, Yen Climb

The Australian Dollar may reverse on CPI data as AUD/USD sits on rising channel support. As the S&P 500 hit a record high, forex markets were hesitant. The anti-risk USD, JPY rose.


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Slowing Australia CPI to Keep AUDUSD Rate Under Pressure

Updates to Australia’s Consumer Price Index (CPI) may fuel the recent decline in AUD/USD as the is expected to narrow to 1.5% from 1.8% in the fourth-quarter of 2018.


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Dow Jones, Nasdaq 100 Await Key Earnings to Drive Price Action

A series of upbeat earnings released on Tuesday propelled two of the three major US equity markets to top all-time highs. Wednesday’s reports from the likes of Boeing and Microsoft will be critical for continuation.


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Currency Volatility: AUD and CAD Eyed Ahead of Aussie CPI, BOC Rate Review

AUD and CAD currency pairs could experience heightened price action tomorrow as forex traders react to Australian inflation data and the Bank of Canada's interest rate decision.


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US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

The US Dollar has finally scaled-up to a fresh yearly high. But buying pressure dried-up soon after: Can Dollar bulls continue to drive to higher-highs?


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Gold Price Outlook: XAU Offers a Glimmer of Hope at Fresh 2019 Lows

Gold prices halted today’s decline at trend support- so is a near-term bottom in? Here are the targets & invalidation levels that matter on the XAU charts this week.


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Aussie Weekly Price Outlook: AUD/USD Rejected at Resistance

Aussie is down more than 1.6% from the April high with price continuing to trade within a critical range. Here are the levels that matter on the AUD/USD weekly chart.


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S&P 500 Climbs to All Time Highs, Propelled by Strong Earnings

US markets continue their upward climb as strong earnings reassure investors of a strong economic environment and a healthy appetite from consumers in the economy.


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Top 5 Events: Q1’19 Australia Inflation Report & AUDUSD Price Forecast

The Q1’19 Australia inflation report is due on Wednesday, April 24 at 01:30 GMT.


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Bullish Oil Price Behavior to Persist as RSI Sits in Overbought Area

Oil prices may continue to carve a series of higher highs and lows as the Relative Strength Index (RSI) pushes back into overbought territory.


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USDJPY: Net-Short Positions Decreased by 7.4% from Last Week

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


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S&P 500: Price Moved 20.3% Higher Since January 07

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


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GBPUSD: Traders Remained Net-Long Since March 26

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


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EURUSD: Traders Remain Net-Long Since April 12

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


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USDCHF Price Closing In On Significant Resistance



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Bitcoin: Net-Short Positions Decreased by 14% from Yesterday

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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Gold: 74.9% of Traders Are Net-Long

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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DXY Index Eyes Breakout to Fresh Highs; EURUSD, GBPUSD Pressured

US Dollar strength is rolling through markets today, pushing the DXY Index to the highs seen in November and December 2018 and March 2019.


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Capital Markets Trading Advice with Jesse Felder | Podcast

Value investing maverick Jesse Felder gives his capital markets trading advice on our podcast Trading Global Markets Decoded.


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USD on the Brink of Range Breakout, EURUSD & GBPUSD suffer - US Market Open

Given the drop in FX volatility, the USD has continued to benefit, which in turn is now eying the top end of its multi-month range.


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Gold Price Outlook: Gold Prices Break Down to Fresh 2019 Lows

Gold prices are breaking-out to fresh 2019 lows, continuing last week’s bearish push as prices test below 1270 for the first time this year.


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DAX 30 & CAC 40 Technical Outlook Turning Towards a Pullback

The DAX and CAC are in extended states and with obstacles in the way they could soon see a round of weakness set in.


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Market Sentiment Modestly Positive | Webinar

Trader sentiment remains mildly positive, judging by the stock markets, but the overall mood in currencies is neutral.


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Trading Outlook for EURUSD, USDJPY, Gold Price & More

The Euro is poised to continue lower, USDJPY has room to the upside, while gold is testing an important trend-line that may soon break.


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Bitcoin (BTC) Rally Eyes $6,000+, Litecoin (LTC) Price Building Momentum

Bitcoin (BTC) continues to lead the cryptocurrency market higher and is making a fresh attempt at a noted technical level which, if broken, sees a potential jump to $6,000+ in the short-term


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COT Report: GBPUSD Net Long for the First Time Since June 2018

USD bullish bets on the rise yet again following a surge in JPY net short positioning. Speculators turn net long on the Pound for the first time since June 2018.


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Canadian Dollar Outlook Positive as Crude Oil Prices Head Higher

CAD has so far shown little response to climbing oil prices but USDCAD could be set to fall given the Canadian Dollar’s positive correlation with the price of crude.


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Crude Oil Extends Gains, Iran Threatens to Close Major Oil Chokepoint

Yesterday saw a somewhat surprising announcement by the US to end all waivers on imports of Iranian oil, which in turn saw crude oil futures surge to fresh 6-month highs.


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Gold Price Struggles, Silver Continues to Test Noted Support

Gold remains near its lowest level in three months and is struggling to get any upside momentum. Silver continues its battle with the long-term moving average.


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Yen, US Dollar May Gain on Downbeat Corporate Earnings News

Currency markets hint at anxiety as the first-quarter corporate earnings season resumes. Worrying outcomes may boost the US Dollar and the Japanese Yen.


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Monday, 22 April 2019

Crude Oil Prices Pushing USD/NOK Down - USD/SEK Faces Resistance

The recent surge in crude oil prices have pushed USDNOK again dangerously close to the lower bound of the rising support channel while USDSEK struggles to break above 9.3110.


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S&P 500 Reversal Eyed as Uniqlo Weighs on Nikkei 225, JPY Rises

The Japanese Yen rose as local apparel-retailing giant Uniqlo weighed on the Nikkei 225 in Asia trade. Ahead, the S&P 500 may turn lower as Twitter, Harley-Davidson earnings are eyed.


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Gold Prices Eye Bond Yields, US Dollar Response to Earnings Reports

Gold prices are eyeing the response from Treasury bond yields and the US Dollar to incoming first-qurater corporate earnings reports for direction cues.


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Brazilian Real, Ibovespa Hold Their Breath on Pension Reform Vote

The Brazilian Real and Ibovespa will be on their toes as lawmakers in Brazil’s legislature vote on the constitutional legality of Bolsonaro’s pension reforms.


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USD/PHP Eyes Reversal as Crude Oil Revives 2018 Peso Selloff Fears

The Philippine Peso fell as crude oil prices rose on Iran supply disruption fears. USD/PHP broke key resistance. Higher petroleum prices may reignite 2018 Peso selloff if CPI climbs.


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ASX 200 Technical Analysis: Bulls Drive As Septembers Highs Beckon

The ASX 200 looks pretty solid near its highs for this year and traders may see its uptrend as still viable. However, forays above 6000 are typically short and caution is still warranted.


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A Return of Liquidity Meets Earnings and a Potent S&P 500 Pattern

The long holiday weekend is passed, but does that mean the markets are going to restore volatility and/or trend? The S&P 500 is loaded in a head-and-shoulders pattern while the Dollar continues to traverse a very narrow path.


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Euro at Risk as US Ends Iran Oil Waivers - Trade War Tensions Rise

The Euro could suffer after the US’ recent decision to end all Iranian oil-importing waivers. The conflicting geostrategic approaches to Iran between the EU and US may strain already-tense trade relations.


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NZD/CAD Near Breakout, Sentiment Warns of Crude Oil Price Reversal

The Canadian Dollar outperformed as the US sought to end sanction waivers for Iran oil imports. NZD/CAD left at critical turning point as sentiment warns oil price reversal ahead.


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Lessons for Traders On Extreme Volatility from 2017 and the Summer of 2014

Despite jolts of volatility for financial markets in 2018, fear of further distress has all but vanished through 2019’s open. Sinking to extreme lows once again, what can we learn from the history of volatility to prepare for the future?


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The Uncertain Impacts of Trade Wars on Harley and Huawei

The effects of the EU-US trade war on Harley Davidson will be evident in Tuesday's earnings report.


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S&P 500 Earnings Season: Implied Volatility for Tomorrow’s Top Stocks

With roughly one-third of all S&P 500 components due to report earnings this week, single-stocks will offer an unfamiliar taste of volatility as the broader-market awaits US GDP.


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Silver Prices May Outperform Gold and USD/JPY Continues Up Trend

Elliott wave patterns for silver and gold point to a tired downtrend. USD/JPY continues to rally in motive waves keeping the longer term forecast alive.


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Kiwi Weekly Price Outlook: NZD/USD Breakdown Searches for Support

Kiwi broke below multi-month range support last week with the decline now probing below yearly open support. Here are the levels that matter on the NZD/USD weekly chart.


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Weekly Trade Levels for Euro, Kiwi, Loonie, Aussie, Gold & Crude Oil

Webinar highlighting active trade setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter on the technical charts.


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FX Week Ahead - Top 5 Events: Australia Inflation; BOC Meeting; US GDP and More

The Easter Monday-shortened week will feature several key events, as well as a return of Brexit developments to the news wires.


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US-China Trade War: Intellectual Property at Heart of Dispute

Intellectual Property, or IP, is at the center of the trade dispute between the US and China. Read here to find out what the key issues are and why they matter for financial market traders.


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Crude Oil Prices Extended but Remain Bullish as Long as Channels Stay Intact

Crude oil is moving into extended territory with the help of news, but channel lines keep the outlook constructive for as long as they hold.


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AUDUSD & USDCAD Charts Wedging Up on Varying Time-frames

The US Dollar has been very quiet with some charts reaching extremes that could in the weeks to follow lead to sustainable trends for at least a little while.


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Japanese Yen Could Gain As Focus Grows On Creaking Inflation Target

The Japanese Yen market faces a clear disconnect between domestic economic data and monetary policy. What if that were to change?


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Canadian Dollar Up with Oil on Fears US to End Iran Trade Waivers

The Canadian Dollar rose alongside crude oil prices amid reports the US would not renew sanction waivers on trade with Iran. Financial markets looked on fearfully.


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Sunday, 21 April 2019

Swedish Krona Eyes Riksbank Rate Decision, SEK, NOK Watch US Data

The Swedish Krona will be eagerly waiting for the Riksbank’s rate decision and commentary. NOK and SEK will also be watching out for key US data and how it will impact Fed monetary policy.


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Crude Oil Surge On US Sanctions Report Dominates Asian Stock Trade

Asia Pacific equity markets were naturally thinned by the Easter holiday break in many countries but a rise in oil prices provided at least some action for traders


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Crude Oil Prices Surge, Markets Shudder as US Ends Iran Wavers

Crude oil prices jumped to a 6-month high and financial markets turned broadly defensive amid reports that the US will end Iran oil import waivers next month.


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USD/MYR Up on Malaysian Capital Flight, IDR Eyes Bank of Indonesia

USD/MYR may extend its uptrend on Malaysian capital outflow fears as the Bank of Indonesia continues supporting USD/IDR. US Q1 GDP is a wildcard that may boost the US Dollar.


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Japanese Yen Technical Analysis: USDJPY Bulls Retain Control

The Japanese Yen has settled into narrow range trading against the US Dollar but still looks likely to retreat further as the week plays out.


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NZD/USD Technical Analysis: Sellers Set to Challenge 0.65 Figure?

The New Zealand Dollar has broken below another notable layer of chart support, hinting that a drop against its US namesake to challenge the 0.65 figure may be ahead.


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BRL, Ibovespa Outlook for 2019: Pension Reform, Global Growth in Focus

The Brazilian Real and Ibovespa equity index’s rise is at risk of being derailed by slower global growth and hiccups in Bolsonaro’s pension reforms.


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Weekly Trading Forecast: Seeking Clear Dow, Dollar and Oil Trends Ahead

Will a return of liquidity help charge enough volatility to settle the Dow’s proximity to record highs, clear the EURUSD’s inevitable break from a historically-tight range or return crude oil prices to trend?


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Weekly Trading Forecast: Liquidity Fills Back Out to US GDP, BOJ and BOC Rate Decisions

In the week ahead, the return from holiday will test traders focus on critical events like US earnings, BOJ and BOC rate decisions and 1Q US GDP among other high level event risk.


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S&P 500, DAX, FTSE 100 Technical Forecast

Questions raised over possible S&P 500 reversal, DAX eyes critical trendline, while FTSE 100 uptrend remains intact.


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Dow Jones, S&P 500, DAX 30 and Nikkei 225 Fundamental Forecast

Earnings season is in full swing with corporate giants like Microsoft and Amazon slated to report in the week ahead. Meanwhile, the Nikkei looks to a rate decision from the Bank of Japan.


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EURUSD Counts Down to a Break but Euro Itself a Short-Term Bear Swing

There is value in assessing the Euro’s technical potential through its most liquid cross – EURUSD – but traders would do well to consider the single currency’s own bearings which paint a very different picture than range.


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Euro Fundamental Outlook: EURUSD Crumbles on Euro-Zone Growth Fears

Markets are unforgiving, and the Euro is currently under the pump with very little currently in the way of support to help stem the ongoing sell-off.


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Gold Price Weekly Technical Outlook: XAU at Support, Fresh 2019 Lows

Gold is down more-than 5.5% from the 2019 high with price now probing support at fresh yearly lows. These are the levels that matter on the XAU/USD weekly chart.


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Gold Price Weekly Forecast: Outlook Soft Even as Brexit Comes Back in Focus, US GDP on Friday

Gold prices turned lower mid-week as the combination of strong US equities and a strong US Dollar has been historically negative for Gold prices.


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US Dollar Weekly Technical Outlook: Big Test of Resistance Nearing

The US Dollar Index remains confined within a big-picture wedge, a test of the top of this pattern is just on the horizon…


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US Dollar May Rise on Haven Flows as Markets Turn Defensive

The US Dollar may rise, buoyed by haven-seeking capital flows as financial markets bombarded with evidence of slowing global growth unwind exposure to risky assets.


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Saturday, 20 April 2019

Sterling Week Ahead Technical Analysis - GBPUSD, EURGBP & GBPNZD

Sterling (GBP) continues to trade in restrictive ranges across a selection of currencies but headline GBPUSD may soon break below 1.3000 as the US dollar pushes higher.


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GBP Forecast: Will Sterling Stabilize with Brexit Risk in the Distance?

Expect fresh Brexit headlines next week with Parliament returning from recess following the UK's second extension to the EU Withdrawal Agreement. What should British Pound traders watch for?


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Euro Fundamental Outlook: EURUSD Crumbles on Euro-Zone Growth Fears

Markets are unforgiving, and the Euro is currently under the pump with very little currently in the way of support to help stem the ongoing sell-off.


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Crude Oil Price Forecast: 50% Off the Lows – Can Bulls Continue Rally?

Oil prices remained strong this week as price action held higher-low support; but bulls are getting shy around resistance is a retracement nearing?


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AUD/USD and EUR/AUD May Be at Turning Points, Facing Trend Lines

The Australian Dollar may be at a turning point against the US Dollar and Euro. AUD/USD uptrend eyeing rising channel support as EUR/AUD may enter downtrend, 2017 trend line eyed.


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Australian Dollar Faces The Big One As Official CPI Numbers Loom

The Australian Dollar has been resilient as global risk appetite has held up pretty well. However, the market can now look to official inflation figures. They may not help the bulls’ cause


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Weekly Trading Forecast: Seeking Clear Dow, Dollar and Oil Trends Ahead

Will a return of liquidity help charge enough volatility to settle the Dow’s proximity to record highs, clear the EURUSD’s inevitable break from a historically-tight range or return crude oil prices to trend?


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Weekly Trading Forecast: Liquidity Fills Back Out to US GDP, BOJ and BOC Rate Decisions

In the week ahead, the return from holiday will test traders focus on critical events like US earnings, BOJ and BOC rate decisions and 1Q US GDP among other high level event risk.


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S&P 500, DAX, FTSE 100 Technical Forecast

Questions raised over possible S&P 500 reversal, DAX eyes critical trendline, while FTSE 100 uptrend remains intact.


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Dow Jones, S&P 500, DAX 30 and Nikkei 225 Fundamental Forecast

Earnings season is in full swing with corporate giants like Microsoft and Amazon slated to report in the week ahead. Meanwhile, the Nikkei looks to a rate decision from the Bank of Japan.


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Gold Price Weekly Forecast: Outlook Soft Even as Brexit Comes Back in Focus, US GDP on Friday

Gold prices turned lower mid-week as the combination of strong US equities and a strong US Dollar has been historically negative for Gold prices.


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EURUSD Counts Down to a Break but Euro Itself a Short-Term Bear Swing

There is value in assessing the Euro’s technical potential through its most liquid cross – EURUSD – but traders would do well to consider the single currency’s own bearings which paint a very different picture than range.


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Euro Fundamental Outlook: EURUSD Crumbles on Euro-Zone Growth Fears

Markets are unforgiving, and the Euro is currently under the pump with very little currently in the way of support to help stem the ongoing sell-off.


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Gold Price Weekly Technical Outlook: XAU at Support, Fresh 2019 Lows

Gold is down more-than 5.5% from the 2019 high with price now probing support at fresh yearly lows. These are the levels that matter on the XAU/USD weekly chart.


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US Dollar Weekly Technical Outlook: Big Test of Resistance Nearing

The US Dollar Index remains confined within a big-picture wedge, a test of the top of this pattern is just on the horizon…


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US Dollar May Rise on Haven Flows as Markets Turn Defensive

The US Dollar may rise, buoyed by haven-seeking capital flows as financial markets bombarded with evidence of slowing global growth unwind exposure to risky assets.


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Friday, 19 April 2019

Sterling Week Ahead Technical Analysis - GBPUSD, EURGBP & GBPNZD

Sterling (GBP) continues to trade in restrictive ranges across a selection of currencies but headline GBPUSD may soon break below 1.3000 as the US dollar pushes higher.


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GBP Forecast: Will Sterling Stabilize with Brexit Risk in the Distance?

Expect fresh Brexit headlines next week with Parliament returning from recess following the UK's second extension to the EU Withdrawal Agreement. What should British Pound traders watch for?


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Crude Oil Price Forecast: 50% Off the Lows – Can Bulls Continue Rally?

Oil prices remained strong this week as price action held higher-low support; but bulls are getting shy around resistance is a retracement nearing?


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Crude Oil Prices Stalling Ahead of US Energy Earnings and GDP Data

The crude oil price outlook is neutral after the commodity and the S&P 500 stalled. Can Chevron, Exxon Mobil earnings fuel the dominant uptrend? Or will soft US GDP data sink oil?


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AUD/USD and EUR/AUD May Be at Turning Points, Facing Trend Lines

The Australian Dollar may be at a turning point against the US Dollar and Euro. AUD/USD uptrend eyeing rising channel support as EUR/AUD may enter downtrend, 2017 trend line eyed.


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Australian Dollar Faces The Big One As Official CPI Numbers Loom

The Australian Dollar has been resilient as global risk appetite has held up pretty well. However, the market can now look to official inflation figures. They may not help the bulls’ cause


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FX Week Ahead - Top 5 Events: Australia Inflation; BOC Meeting; US GDP and More

The Easter Monday-shortened week will feature several key events, as well as a return of Brexit developments to the news wires.


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Top 5 Events: Q1’19 US GDP & EURUSD Price Forecast

The initial Q1’19 US GDP report is due on Friday, April 26 at 12:30 GMT.


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Top 5 Events: March US Durable Goods Orders & USDJPY Price Forecast

The preliminary March US Durable Goods Orders report is due on Thursday, April 24 at 12:30 GMT.


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Market Cycles | Phases, Stages, and Common Characteristics

Markets have been cycling since the beginning of time and will continue to do so for as long as they exist; in this piece a blueprint is laid out for how these occur and signposts to watch.


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Top 5 Events: April Bank of Japan Meeting & EURJPY Price Forecast

The April Bank of Japan meeting is set to conclude on Thursday, April 24, sometime after 1:00 GMT.


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FX Price Action Setups in EUR/USD, GBP/USD, AUD/USD and USD/CAD

The US Dollar made a move in this week, but can bulls continue to press with a light economic calendar ahead? EUR/USD and GBP/USD retain breakout potential.


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Top 5 Events: April Bank of Canada Meeting & USDCAD Price Forecast

The April Bank of Canada meeting is set to conclude on Wednesday, April 24 at 14:00 GMT.


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How to Determine a Bull or Bear Market

Bull and bear markets are two very different animals - in more than one way. The ability to discern whether you are in a bull market or a bear market is fundamental for traders and investors alike.


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US-China Trade War: Intellectual Property at Heart of Dispute

Intellectual Property, or IP, is at the center of the trade dispute between the US and China. Read here to find out what the key issues are and why they matter for financial market traders.


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Top 5 Events: Q1’19 Australia Inflation Report & AUDUSD Price Forecast

The Q1’19 Australia inflation report is due on Wednesday, April 24 at 01:30 GMT.


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Gold Price Outlook: Sell-Off Stalls, Price Remains Around Key Support

Gold prices set a fresh 2019 low this week; but bears were unable to make much ground afterwards, even as USD-strength showed up. Is this a bear trap scenario?


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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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Thursday, 18 April 2019

Krona Plunges on Unemployment Data - Riksbank Rate Decision Ahead

The Swedish Krona plunged against all its major counterparts following the release of unemployment data. How will this impact the Riksbank rate decision and outlook next week?


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Gold Prices Aiming Lower After Chart Support Break

Gold prices are aiming lower after breaking chart support to complete a bearish Head and Shoulders topping pattern. Crude oil prices are struggling below $65/bbl.


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Earnings to Test Dow and Nasdaq, US GDP the Dollar, BOC Decision the Loonie

Liquidity is dropping rapidly into the extended holiday weekend and so too is volatility fading in response. Is there relative advantage to be found or even a systemic risk appetite that follows the return of liquidity?


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Euro Eyeing Italian Leading Indicators - Political Obstructions Ahead

The Euro will be watching the release of several Italian leading indicators as the country wrestles with a technical recession and prepares for political obstructions ahead.


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AUD/USD Technical Analysis: Aiming to Test Below 0.71 Figure?

The Australian Dollar looks likely to test support below the 0.71 figure, starting a process that may lead to the resumption of the long-term downtrend against its US counterpart.


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BRL, Ibovespa Outlook for 2019: Pension Reform, Global Growth in Focus

The Brazilian Real and Ibovespa equity index’s rise is at risk of being derailed by slower global growth and hiccups in Bolsonaro’s pension reforms.


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EUR/USD Downtrend Eyed as Euro Sinks Before Good Friday Holiday

The Euro fell on soft German and Eurozone economic data, EUR/USD eyeing dominant downtrend resumption. Expect thin and illiquid trading conditions ahead of the Good Friday holiday.


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History Suggests the Stock Market Will Climb in the Weeks After Easter

The historical performance of the S&P 500 in the weeks following Easter Sunday suggests the stock market may be able to capture new all-time highs.


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What Could Collapsing Currency Volatility Spell for the Forex Market?

Why has currency market volatility plunged to multi-year lows and what could it mean for forex traders going forward?


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US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

The US Dollar began to show breakout tendencies ahead of a long weekend, making for a difficult backdrop to chase fresh themes.


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Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices

Brexit is out of the headlines for now. All of that will change next week.


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US Manufacturing and Services PMI Miss Estimates, Reveals Slow Growth

Surveyed US services and manufacturing managers indicated a continued slowdown in growth for the start of the second quarter as the economy struggles to match its growth from the previous year.


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Euro Weekly Price Outlook: EUR/USD Coils - Breakout Pending

Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart.


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Gold Price Forecast Bearish as Price Holds Below Triangle Support

The recent breakdown in Gold prices may still have some way to go.


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Gold: Traders Increase Their Net-Long Position by 11.7% from Last Week

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


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USDJPY: Traders Remain Net-Short Since March 31

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


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Copper Price at Risk of Break to the Downside

The price of copper is in danger of breaking lower, potentially falling below support from a rising trendline in place since early this year as the global economy splutters.


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USD Back on the Throne, EUR Drops, GBP Bounces Off Support - US Market Open

A reality check for the Euro after Eurozone PMI’s missed expectations. GBPUSD bounces off support, AUD fails to crack 0.7200.


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EUR/USD, GBP/USD Price: Breakdown or Bear Trap as USD Spikes-Higher

This can be a tough time for fresh breakouts as a long-weekend nears, but both EURUSD and GBPUSD are testing key supports as the US Dollar has caught a bid.


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US Dollar Grabs a Bid, EURUSD Price Cracks After Subdued PMI Data

The US dollar is being bid higher going into the long weekend as investors turn risk-off despite positive US-China trade talk. Elsewhere, the Euro remains under downside pressure.


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Fed and Interest Rates Discussion with Tim Duy | Podcast

Learn about key Fed decisions and how they can affect your trading with our podcast, featuring Federal Reserve commentator Tim Duy.


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NZDUSD, AUDUSD, Crude Oil Technical Setups for Next Week

NZDUSD bearish outlook to deepen on support break, while AUDUSD gains are curbed by 0.7200 handle. Crude oil edges towards $65.


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Charts in Focus – EURUSD Bear-flag, GBPUSD Wedge

The Euro's trading bias has turned decisively lower, while GBPUSD looks near figuring out which way it wants to head...


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EURUSD Outlook: Strength Ebbs as PMIs Point to Flat Eurozone Economy

This month’s climb in EURUSD looks to have run out of steam, with Eurozone PMIs released Thursday suggesting that China’s tentative economic recovery has yet to filter through to Europe.


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Gold Price Looks Oversold, Silver Price Perched on Support

Gold in now trading in extreme oversold territory, according to one indicator, and may see a short-term pullback going into the long weekend.


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FTSE Chart Outlook – Trading at Important Trend-line Resistance

The FTSE is up against the tend-line off the record high and so far struggling to cross above, puts risk to the downside.


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Wednesday, 17 April 2019

Euro and Stocks May Fall on Gloomy Data, Italy Instability Fears

The Euro may fall with stocks while the Yen gains as economic data flow fails allay global slowdown fears and worries about political instability in Italy resurface.


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Swedish Krona Watching Unemployment Data - NOK, SEK Eye Europe

The Swedish Krona will be waiting for the release of Sweden’s unemployment rate while both NOK and SEK will be watching out for Eurozone flash PMIs.


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S&P 500, Nikkei 225 May Top as Samsung Sinks KOSPI. Markets Brace

The Nikkei 225 formed a bearish reversal signal, dragged down by health-care stocks as Samsung Electronics sunk the KOSPI. Ahead, the S&P 500 may extend losses on US retail sales.


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Crude Oil Price May Recoil at Chart Barrier as Market Mood Sours

Crude oil prices may recoil downward after stalling at chart resistance as a defensive tone prevails across global financial markets, weighing on sentiment-geared assets.


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Nikkei 225 Technical Analysis: Rise to 4-Month Highs Losing Steam

Nikkei 225 bulls have put in a dogged performance, grinding back most of the very sharp losses seen at the turn of the year. They are still in command but could probably use a break now.


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Why the S&P 500 Will Struggle for a Record High and Dollar is Due a Break

The United States’ tech-heavy Nasdaq has hit a record high, but the enthusiasm doesn’t seem to stretch to the Dow or S&P 500, much less broader risk appetites. What will liquidity do for the marks ahead/ ?


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Rupiah Gains as Jokowi Leads in Indonesian General Election

The Rupiah gained as unofficial results from the Indonesian General Election placed incumbent Jokowi in the lead. USD/IDR broke support in its dominant downtrend, eyeing 2019 lows.


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AUDUSD Jumps on Upbeat Employment Data - Will it Hold?

The Australian Dollar jumped on better-than-expected employment data, adding an additional boost to the Aussie following yesterday’s release of Chinese GDP.


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EUR/USD Technical Analysis: Euro Downtrend Expected to Resume

The Euro is expected to resume the dominant downward trend against the US Dollar after retesting resistance guiding prices lower since September 2018.


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S&P 500 Sinks with Health-Care Stocks as NZD/USD Could Reverse

The S&P 500 closed lower as health-care stocks dragged and triggered risk aversion after key resistance held. NZD/USD may reverse as the Australian Dollar rises on a jobs report.


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Currency Volatility: AUDUSD Price at Risk Ahead of Aussie Jobs Data

AUDUSD overnight implied volatility soars to a multi-month high following the latest monetary policy minutes from the RBA which labeled future weakness in Australia's labor as a potential trigger to cut interest rates.


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Stock Market Update: US China Trade War Nears End but Recession Fears Loom

The S&P 500 was unimpressed by reports that the US China trade war may reach a conclusion in late May. Meanwhile, corporate profits look to buoy the index as it attempts to press all-time highs.


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Near-term Trade Setups in USD/CAD and AUD/USD

An update on near-term trade setups we've been tracking in Loonie (USDCAD) and Aussie (AUD/USD). These are the targets and invalidation levels that matter this week.


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Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices

Brexit is out of the headlines for now. All of that will change next week.


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Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices

Brexit is out of the headlines for now. All of that will change next week.


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Gold Price Outlook: XAU Bears Grind into Support at Fresh 2019 Lows

Gold is testing fresh yearly lows after breaking a multi-month consolidation pattern. Here are the targets & invalidation levels that matter on the XAU charts this week.


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Top 5 Events: March Australia Jobs Report & AUDJPY Price Forecast

The March Australia jobs report is due on Thursday, April 18 at 01:30 GMT.


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Oil Price Forecast: Crude Oil Crafts Lower-High After Support Bounce

Crude Oil prices have put in a strong bounce from support to start this week. But with DOE inventories due out, will buyers be able to break a string of lower-highs?


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CAD Soars, Crude Oil Pushes Higher, GBPUSD Eyes 1.30 Support - US Market Open

Soft NZ inflation raises prospects of near term RBNZ rate cut, CAD jumps following firm CPI. WTI Crude edges towards $65.


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US Dollar Technicals Weaken; USDCAD Exits Symmetrical Triangle

The commodity currencies are showing increasing strength in recent days, in line with global equity markets continuing their surge higher.


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Euro Price Outlook: EUR/USD Bear Flag, EUR/JPY at Monthly Highs

The Euro has been quiet, almost too quiet. EUR/USD remains in a long-term range but has shown a near-term bear flag. EUR/JPY is stumbling at Monthly Highs.


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Top 5 Events: March Canada Inflation & USDCAD Price Forecast

The March Canada inflation report is due on Wednesday, April 17 at 12:30 GMT.


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FX Charts to Watch: USDCAD, CADJPY

USDCAD range continues to remain intact while trendline resistance is in focus for CADJPY.


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3 Charts to Follow: Crude Oil, Gold and Bitcoin (BTC) Price Analysis

Crude oil, Gold and Bitcoin charts are all at, or close to, important technical levels that may direct future price action.


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

Diverging outlooks between oil and gold, while stocks appear points where an upstart in volatility could soon begin.


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Potential Upstart in Volatility as S&P 500, Dow & Nasdaq 100 Approach Record Highs

The market is near record highs and with that things could become interesting; could soon make for a more tradeable market.


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Crude Oil Price Continues to March Higher on Chinese Data, Inventories

The price of crude oil remains buoyant on signs that the Chinese economy is stabilizing and news of an unexpected drop in US oil stockpiles.


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GBPUSD Price Action Tepid After UK Inflation Misses Forecasts, Brexit Lull

The latest UK CPI data show little movement in price pressures despite a strong jobs marekt. Sterling remains unmoved and is waiting for full-blown Brexit discussions to re-start next week.


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Will Global Growth Rebound if the US-China Trade War Ends?

Ending the US-China trade war may not reverse a 16-month slowdown in global economic activity. The Yen and US Dollar may rise as market mood sours.


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AUDUSD Outlook Positive After Firm Chinese Data

AUDUSD is continuing to climb after the latest data from China, which showed economic growth stabilizing, and further AUD gains could follow.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...