EUR/USD: Net-Long Positions Continue to Rise Suggesting Trend may Reverse Shortly

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 EUR/USD trading bias.


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CAD Longs Increase, AUD Shorts Cut, GBP Outlook Most Bearish - COT Report

Weekly changes in G10 FX positioning sees CAD net longs increase, while the AUD short squeeze puts a near-term floor in the currency. Sterling remains most shorted currency.


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Bitcoin (BTC) Price May Rally, Market in Heavily Oversold Territory

Bitcoin's recent rally and subsequent sharp sell-off has left the cryptocurrency looking heavily oversold, according to one technical indicator.


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Euro Price Forecast: EUR/JPY Straggles to Move in a Clear Direction- How Could This Change

At the start of July EUR/JPY stuck in a sideways move creating lower highs with higher lows. Here are the significant levels traders may consider this week.


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Sterling - GBPUSD Price Capped as UK Data, Tory Leadership Vote Loom

GBPUSD is struggling to keep hold of last week’s modest gains and may break its recent run of higher lows ahead of the latest look at the health of the UK economy.


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Gold Prices Eye Key Resistance, Silvers Prices Outperforming Gold

Gold prices have managed to consolidate above the $1400 as slowing Chinese growth provides yet another reminder of the deteriorating economic outlook.


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NOK, SEK Shake as Iran Tension Threatens to Spark EU-US Trade War

The Norwegian Krone and Swedish Krona will be under pressure this week as tension in Iran threatens to spark a trade war between the EU and US.


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Crude Oil Prices Weaken on Barry Downgrade, Eye EIA Drilling Data

Crude oil prices weakened as tropical storm Barry weakened. They may fall further if EIA data tracking US drilling productivity stokes oversupply fears.


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NZDUSD Rate Forecast: July High on Radar Ahead of New Zealand CPI

NZDUSD appears to be on track to test the monthly-high (0.6727) ahead of the updates to New Zealand’s CPI as the exchange rate carves a series of higher highs and lows.


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Asian Markets Rise On China Relief Despite 27-Year Low GDP Gains

China’s growth figures came in weakly by their own standards for the second quarter, but June’s industrial and retail prints gave investors reason to hang on.


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AUDUSD Jumps on Chinese GDP, Econ Data - Trade Wars in Focus

The Australian Dollar aimed higher after a slew of broadly better-than-expected data was published and year-on-year GDP data came in as forecasted.


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AUDUSD Rate Rebound Vulnerable to Record Low China GDP

Updates to China’s GDP report may undermine the recent rebound in AUDUSD as the growth rate is anticipated to hit a record low in the first quarter of 2019.


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USD May Rise Versus SGD, INR as China Slows to Weakest Since 1992

The USD may catch haven bids versus the Singapore Dollar, Indian Rupee if US economic conditions continue deteriorating as China’s economy slows to its weakest since at least 1992.


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AUDUSD Rate Rebound Vulnerable to Record Low China GDP

Updates to China’s GDP report may undermine the recent rebound in AUDUSD as the growth rate is anticipated to hit a record low in the first quarter of 2019.


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AUD/USD May Fall if China Data Fuels Urgency of Next RBA Rate Cut

The AUD/USD may turn lower if China GDP data increases the urgency for the RBA to deliver another cut sooner, reversing gains after the USD weakened on dovish Fed commentary from Friday.


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Weekly Technical Forecast: S&P 500 Closes at Record High, Gold Stalls, Dollar Breakouts Fail

We opened this past week to broad rally – for equities, gold and the US Dollar. Yet, by the Friday close, only one of those assets was still under the bulls’ control. Will indices like the Dow and S&P 500 continue to run deeper into record high territory? Can the Dollar and Gold clear their respective ranges given the level of volatility they both sport?


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Weekly Trading Forecast: Dow Versus Gold Bull Trends Amid Trade War, Recession Fears

Risk appetite has found lift this past week, but the real concentration was behind US equities which benefit specifically from heavy speculation around forecasted Fed hikes. Can stretched hopes of rate cuts and stimulus keep this asset class charging – much less pull other markets in its wake – or will a shift in focus to troubled growth and deepening trade wars pull sentiment down?


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Dow Jones, Nasdaq 100, S&P 500, DAX 30 Fundamental Forecast

Earnings season has arrived, and the Dow Jones, Nasdaq 100 and S&P 500 will pay close attention the country’s largest stocks and their quarterly performances.


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Dollar Faces Plenty of Volatility, But Clear Trend is Another Matter…

The Dollar’s recovery attempt came to an abrupt halt this past week following heavily-circulated Fed headlines. Now imbued with greater volatility in news fixation, what can we expect from actual trends?


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Gold Prices Target 2019 High as Fed Sets Course to Cut Interest Rates

Fresh data prints coming out of the US may do little to curb gold prices as the Federal Reserve appears to be on a preset course to reduce the benchmark interest rate.


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