Crude Oil Prices May Bounce as Overall Market Mood Brightens

Crude oil prices may rebound alongside stock prices as market-wide risk appetite recovers in the final hours of the trading week.


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AUD Price at Risk to Political Uncertainty, Fed Bets, BoC Rate Hike

The Australian Dollar looks vulnerable, threatened by Prime Minister Scott Morrison losing his majority, rising hawkish Fed policy bets and the Bank of Canada overtaking the RBA.


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Has the Fundamental Fog Lifted for Canadian Dollar, Euro and Pound?

When there is a prominent event risk dead ahead or there are too many themes competing for a market’s attention and progress can grind to a halt. Certain unknowns eased recently for the Euro, Pound and Canadian Dollar.


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Australian Dollar Falls as Soft China GDP Hurts RBA Rate Hike Bets

The Australian Dollar and local 2-year bond yields fell as China’s disappointing GDP datacooled RBA interest rate hike bets. Trade wars are also likely continue weighing on the Aussie.


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Dow and Risk Trends Deflate as Brexit and Italy Override Netflix Earnings

Global investors were given a few opportunities to leverage their defacto bullish bias of previous months recently. However, Netflix earnings and fading Fed rate forecasts have found little traction while Brexit and Italy are global concerns.


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Italy Budget Woes Strike Euro Prices Again, Yen May Resume Gains

Italy budget woes struck again, weakening the Euro and bolstering the US Dollar. Meanwhile, China’s GDP may slow which threatens the Australian Dollar as the Japanese Yen gains.


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AUD/USD Recovery Vulnerable to Fresh Series of Lower Highs & Lows

The advance from the 2018-low (0.7041) may continue to unravel as AUD/USD initiates a fresh series of lower highs & lows.


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Crude Oil Weekly Technical Outlook- WTI Testing Critical Price Support

A reversal off multi-year highs has taken crude prices back into key uptrend support. It’s make-or-break here. These are the levels that matter on the WTI weekly chart.


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US Dollar Price Action Setups as Risk Aversion Takes Another Swing

Risk aversion showed up again this morning as US stocks traded below short-term support. This comes along with a rather pronounced move of US Dollar strength.


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Shift in USD/JPY Sentiment Persists Even as Rebound Stalls

USD/JPY fails to extend the series of higher highs & lows from earlier this week, with the weakness accompanied by an ongoing shift in retail sentiment.


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Gold Price Outlook: XAU/USD Breakout to Intensify as Volatility Surges

Gold is up nearly 4% off the October low after breaking above yearly slope resistance. These are the targets & invalidation levels that matter for XAU/USD from here.


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S&P 500: Retail Traders Increase Weekly Short Positions Over 20%

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


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EUR/USD, GBP/USD Trade Lower After Underwhelming Brexit Progress

The EU-Summit produced some progress, but contested areas still remain as EU and UK officials seem to have drawn their battle lines.


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Bitcoin Traders Continue to Conflict With Each Other

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


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Gold: Sentiment Foreshadows A Reversal higher

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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USD/JPY: Weekly Long Positions Soar 59% Prompting a Bearish Bias

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


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EUR/USD: Weekly Long Positions Climb 10%

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


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Becoming a Better Trader – Fixing Mistakes, Working on Weaknesses

In this session, we discussed how to go about identifying your short-comings as a trader and then fixing them one at a time.


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GBPCHF Price Breaks Below Trendline Support, May Fall Further

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AUD Outperforms, WTI Back in Contango, CNY Slides - US Market Open

The Australian Dollar is outperforming in the G10 space this morning. This is largely on the back of the jobs report overnight in which the unemployment rate dropped to the lowest level since 2012.


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