Gold Weekly Technical Outlook: Price Rally Fizzles Ahead of Resistance

A three-week rally has gold trading just below a critical resistance range in price. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


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GBPUSD Weekly Technical Outlook: Higher Prices Unlikely

Sterling slipped by over 2 cents against the US dollar over the week, breaking back through support to trade at a two-week low.


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Near-term Trade Setups in EUR/USD and USD/JPY

An update on near-term trade setups we've been tracking in EUR/USD and USD/JPY. These are the targets and invalidation levels that matter heading into next week.


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Euro Biased Lower But Weekly Chart Shows Warning Sign for Sellers

The Euro still seems biased lower against the US Dollar but technical positioning has turned muddy, with the weekly chart warning of a possible reversal ahead.


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Global Indices Lookahead: FTSE MIB Eyes Italian Budget, Amazon Earnings in Focus

Key events over the upcoming includes the EU Brexit summit, Italian Budget submission, German state election and Q3 earning season.

US Dollar Softens at Resistance as Dow, S&P Attempt to Stabilize

The US Dollar posed a support to resistance run in the middle of this week, but that topside move is softening after prices encountered a big resistance level.

DXY Index Hovers Below October Highs; USD/CAD at Six-Week High

The US Dollar is set to close out the week near its highs for the month.

CAD Slumps on CPI, AUD Rises Despite Slowing China - US Market Open

The Canadian Dollar slumped to the lowest level against the greenback in 6-weeks after a larger than expected drop in CPI and retail sales data.


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Lackluster Canada Consumer Price Index (CPI) to Fuel USD/CAD Strength

Canada’s Consumer Price Index (CPI) may do little to curb the recent strength in USD/CAD as the headline reading is expected to slow to 2.7% from 2.8% per annum in August.


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Bitcoin (BTC) Leaking Lower in Low Volume Trade

The cryptocurrency market as a space is grinding lower, dominated by tight trading ranges and low volume, and a break-out is becoming increasingly likely.


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EUR Presured on Contagion Risks as Peripheral Bond Yields Surge

The Euro remains under pressure and is heading towards the 1.14 handle amid the concerns over the Italian budget, setting the EU and Italy on a collision course. While rising peripheral bond yields have increased concerns over contagion.


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USD Strength: Is a Strong Currency Good or Bad?

Politicians like to argue a strong currency is a vote of confidence in them. Economists say ‘it depends’. For traders, what really matters is the impact on other currencies and assets.


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GBPUSD Price Continues to Press Lower, Testing Support Levels

Sterling steadies after taking a post EU Summit hit Thursday when GBPUSD broke through a noted technical support level.


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AUDUSD Short: The Trade War Barometer

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Yen, Franc and US Dollar Fall in Cheery Markets. Will This Last?

The Yen, Franc and US Dollar may fall further as the markets’ mood turns cheery in the final hours of the trading week. Optimism may prove fleeting however.


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Asia Stocks Gap, Pare Losses. Canada CPI Beat May Hurt TSX Index

Asia Pacific benchmark stock indexes gapped lower but pared losses. The anti-risk Japanese Yen fell. Hawkish Fed commentary may reignite stock selloff as the TSX falls on Canadian CPI.


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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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