Saturday, 3 November 2018

GBP: Sterling’s Rally May Have More Room - All Things Being Equal

A decent week for Sterling bulls with GBP pushing ahead across a wide range of currencies. UK Q3 GDP is released next week, but as always Brexit oversees market moves.


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Dollar’s Breakout Effort Falls Apart and Elections Volatility is Underpriced

An attempt by the DXY Index to break near-term resistance to move onto 16 month highs never had the blessing of EURUSD and fell apart soon after execution. Ahead, uncertainty on direction and volatility hits news highs.


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USD/CAD Rate Carves Lower Highs & Lows Ahead of Fed Meeting

Price action ahead of the Federal Reserve meeting raises the risk for a larger pullback in USD/CAD as the exchange rate carves a fresh series of lower highs & lows.


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Friday, 2 November 2018

Crude Oil Sell Off Puts Former Best Asset Within Whisper of Bear Market

Less than a month ago, Crude oil was moving toward four-year highs that it hit on October 3. Now, WTI Crude is traversing at a six-month low toward a bear-market as the scary chart shared last week appears fateful.


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Preparation for Trading and Investing Around Next Week’s Election Firework

The Dollar took a nasty spill this past session, posting a key technical reversal with EURUSD and an intense one on a broad basis. What was the motivation for this move and can it continue?


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Markets On Edge with Volatility Stoked by the Trade War, Rate Decisions, an Election

Both the S&P 500 and Dollar put in for tentative reversals this past week, but how committed are these markets to reverse course? With event risk, trade wars, rate decisions and the US election on tap; we are going to find out.


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AUD/USD, AUD/JPY 2018 Downtrend Under Fire. EUR/AUD Price at Risk

AUD/USD and AUD/JPY prices may have made upside progress, but they are still confined by trend-defining resistance lines. Meanwhile EUR/AUD could be in for more losses ahead.


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S&P 500, Dow ETFs saw Substantial Inflows to Close out October

As equities attempt to recover from the recent rout, investors poured capital into exchange traded funds that track the broader indices.


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FX Setups for the Week of November 5, 2018

Dollar volatility is back with force as fresh yearly highs led to an aggressive reversal on Thursday. Support held through Friday trade, but USD will be in the spotlight for another week of drivers.


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Technical Forecast for Dow, S&P 500, FTSE 100, DAX and Nikkei

Global equity markets put in some recovery this week. But the Friday pullback showed that markets aren't yet out of the woods, and a big week of drivers will keep equity markets on the move.


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S&P 500 and DJIA Look to Test Key Trendline, Mid-Term Election May be Catalyst

Investors will be placing a keen eye on the Mid-Term elections which could see a jump in volatility for equity markets


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Australian Dollar Shows Some Rare Resilience, May Hold Up

There are still few fundamental reasons to like the Australian Dollar more than its US cousin. However the market is now very short and may decide the Aussie has suffered plenty


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Foundations of Technical Analysis: Trading Psychology

Overcoming psychological pitfalls and staying focused on price- a review of our technical approach and examples that illustrate our trading methodology in practice.


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NZD/USD Rate Rebound Vulnerable to Dovish RBNZ, Hawkish Fed

Recent price action in NZD/USD raises the risk for a larger correction as the exchange rate breaks out and initiates a fresh series of higher highs & lows.


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US Midterm Elections Outlook: Financial Markets Await Gridlock

The most likely outcome for the US midterms is a divided Congress, which means fiscal policy gridlock is coming back to Washington, D.C.


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USD Rises on Strong NFP Report, Wages Grow at Fastest Pace Since 2009

Overall strong NFP report brings life into the US Dollar, however, eyes are now firmly fixed on the US Mid-Term elections.


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US Dollar Prices Bounce from Confluent Support as NFP Beats

The US Dollar is bouncing from a confluent area of support following this morning's release of October NFP numbers. Can Dollar bulls hold the line through mid-terms and next week's FOMC?


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US Jobs Report to Dictate USD Price Action Going into Mid-Term Elections

The US dollar uptrend remains in place despite recent falls and a robust US average wage figure release today could re-invigorate the greenback as we head into next week’s US mid-term elections.


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Upbeat U.S. Non-Farm Payrolls (NFP) Report to Curb EUR/USD Rebound

The U.S. Non-Farm Payrolls (NFP) report may curb the recent rebound in EUR/USD as employment is projected to increase 193K in October.


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Charts for Next week – EUR/USD, AUD/USD, EUR/NZD, Gold Price & More

The swift Dollar reversal yesterday has momentum in favor of currencies for now, but not without their obstacles; gold from support right back to resistance, tough spot.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...