Trading Sentiment: Poor for EUR, AUD and GBP | Webinar

Confidence is ebbing in the Euro, Australian Dollar and Pound but is more positive towards the Canadian Dollar and oil.

Crude Oil Price Analysis: Bullish Momentum Persists, Key Resistance Ahead

With just over a month until the re-imposition of sanctions on Iran’s energy sector, oil prices are trading at the highest level in over 4yrs with the price of Brent breaking above $85/bbl.

Crude Oil Barreling Towards 2008 T-line; Chart Outlook for Gold Price, S&P 500 & More

Crude oil sentiment is ramping up as the WTI contract approaches major long-term levels; Gold remains tough but should free up soon, while the S&P 500 tip-toes trend-line support.

Gold Price Outlook: Building a Short-Term Base Despite US Dollar Strength

Gold is pulling back from its recent $1,180/oz. low and is pressing against resistance at $1,195/oz. A break and close above could open $1,215/oz. in the short-term.

Downtrend in EURUSD Price Accelerates, Italy News in Focus

EURUSD is falling for the sixth consecutive session and more losses are possible as Italy budget news combines with Eurozone economic weakness to damage sentiment.

DAX 30 Technical Outlook – Turn from Resistance Has Support Back in Focus

The German benchmark is trading towards support from over the summer following weakness from key area of confluent resistance.

EURUSD Sell-Off Continues as Italian Bond Yields Soar

A fundamentally and technically bearish EURUSD set-up as Italian bond yields continue to soar as the country clashes with the EU over its recent budget proposal.


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Asian Stocks Mixed With Trade Worries Weighing On Most

Equity markets in Asia Pacific were once again up against a loss of risk appetite thanks to ongoing worries about whether the US/China trade spat can be resolved


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US Dollar May Rise as Powell Speech Boosts Fed Rate Hike Bets

The US Dollar may trade broadly higher as an upbeat speech from Fed Chair Jerome Powell drives a hawkish shift in the prevailing 2019 interest rate hike outlook.


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AUD/USD Ignores RBA Decision in Favor of Equities, Trade War News

The Australian Dollar slightly rose against its US counterpart after the Reserve Bank of Australia’s October meeting. However, follow-through may be lacking.

What Does the NAFTA Deal Mean for the Dollar, Loonie and Trade Wars?

Although both Canadian Dollar and Dow surged on a renegotiated NAFTA deal, implications for USD. MXN, and risk are limited.

Crude Oil Prices Soar as Iran Exports Plunge, API Inventory Data Due

Crude oil prices soared amid reports that exports from Iran plunged to the lowest in 2.5 years last month. API weekly inventory flow statistics are now in focus.

ASX 200 Technical Analysis: Chart Range Holds But Base Beckons

The ASX 200 remains quite close to its impressive, ten-year peaks. However, it is not showing much sign of the impetus needed to reclaim them and time is getting on

Dow and Loonie Gap Higher on NAFTA Replacement, US Oil Hits 4-Year High

The Canadian Dollar surged on news of a renegotiated NAFTA deal, while the Euro has held steadfast in the wake of EU struggles with Italy.

Euro May Fall Further as Italy Clashes With EU on Budget

The Euro may continue to decline alongside Italian bond prices as markets brace for a budget clash between the government in Rome and the EU Commission.

EUR/USD Technical Analysis: Euro May Bounce, Trend Still Bearish

The Euro may rebound against the US Dollar after stalling near the 1.16 figure but gains are expected to be corrective within the context of a broader down move.

USMCA Deal Bolsters USD/CAD Downtrend as AUD/USD, EUR/AUD Eye RBA

The new trilateral NAFTA deal, named the USMCA, offered the Canadian Dollar aggressive gains as the USD/CAD downtrend was bolstered. Meanwhile, AUD/USD and EUR/AUD await the RBA.

Wait-and-See Reserve Bank of Australia (RBA) to Sap AUD/USD Rebound

The Reserve Bank of Australia (RBA) interest rate decision may do little to alter the outlook for AUD/USD as the central bank sticks to a wait-and-see approach.

Oil Price Forecast: Bullish Behavior to Persist as Crude Clears July High

Oil may continue to trade to fresh 2018 highs as crude prices break out of a narrow range and carve a series higher highs & lows.

EURUSD Dips To Finish Elliott Wave Correction?

EURUSD tests recent lows near 1.1550. We anticipate support forming nearby for a rally to last for the next several weeks.