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Wednesday, 15 May 2019

S&P 500 Trend Eyes Support, US Auto Tariff Delay Cheer Fades in Asia

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US-China trade fears sapped gains in Asia equities as optimism on a delay in US auto tariffs faded fast. S&P 500, after retesting resist...

Crude Oil Prices at the Mercy of Erratic Market Mood Swings

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Crude oil prices are at the mercy of erratic swings in prevailing market sentiment as investors scramble to respond to incoming headline ris...

EURUSD Carves Bearish Series Amid Failure to Break May Opening Range

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EUR/USD may consolidate over the coming days as it carves a fresh series of lower highs & lows following the failed attempt to break the...

S&P 500 Firms, EURUSD and USDCAD Waver on Flood of Trade War Rumors

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Trade wars have taken a turn for the better – at least their rumors have – and risk trends have taken notice. Yet, how much lift is there in...

Australian Dollar Slides As Jobless Rate Ticks Up, Full Time Jobs Slip

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The Australian Dollar fell initially despite expectation topping headline job creation, as the jobless rate rose and full time job creation ...

Gold Fails to Test April-High as Fed Endorses Wait-and-See Approach

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The recent advance in the price of gold sputters ahead of the April-high ($1311) as Federal Reserve officials endorse a wait-and-see approac...

AUDUSD RSI Approaches Oversold Zone Ahead of Australia Employment

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Updates to Australia’s Employment Report may do little to influence the near-term outlook for AUD/USD, with the RSI in focus as it approache...

USD/CAD Eyes Support as Crude Oil Prices Rise on Global Trade News

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USD/CAD sinks as crude oi prices rise on optimistic developments in global trade. AUD/USD may climb on a rosy jobs report, but equities may ...

AUDUSD Rate at Risk Ahead of Aussie Jobs Data, RBA Cut Bets

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AUDUSD price action hinges on upcoming employment data out of Australia as the report is anticipated to dictate whether or not the RBA will ...

US TIC Flows Show Appettite for Debt Decreased Amid Trade Tensions

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U.S Net Long-term Treasury International Capital saw outflows of $28.4 billion in March as appetite for American debt decreased as China red...

Dow Jones Price Outlook: Retail Traders Conflicted as Index Rebounds

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After retail traders briefly shifted their net-positioning on Monday, IG clients are once again net-short the Dow Jones Industrial Average. ...

GBPUSD: Traders Remain Net-Long Since May 06

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

Canadian Dollar and Mexican Peso Bolstered by USMCA Rhetoric

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USDCAD and USDMXN plunged following reports that the US is working closely with Canada and Mexico to reach an agreement over the removal of ...

Gold Price Outlook: Metal Pauses at Resistance as Trade Wars Cool

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Gold trades narrowly beneath $1,300 an ounce after straddling a Fib level for most of Wednesday’s session even as risk-off sentiment wanes a...

USDJPY: Traders Remaining Net-Long Suggests Price May Continue to Fall

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

DAX Soars with BMW, VW, Daimler on Auto Tariff Delay Report

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News is out that US President Trump will delay his decision to levy tariffs on auto imports for up to 6 months which is helping boost the Ge...

How to Trade Shooting Star Candlestick Patterns 

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The shooting star is a reversal candlestick pattern commonly used by forex traders. Learn what it is, how it’s formed and how to trade it.  ...

EURUSD: Net-Short Positions Increased by 5.5% from Last Week

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

Euro Price Outlook Worsens as Italian Politics Move Into Focus

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Ill-tempered campaigning in Italy ahead of elections for the European Parliament could help undermine the Euro despite some healthier Eurozo...

USDJPY Probes Monthly Lows on Disappointing US Data

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Both USDJPY and Treasury yields are lower Wednesday morning after a round of disappointing retail sales and industrial production data cross...