S&P 500 Will Look to Trade Wars, FTSE to Brexit, DAX to GDP Data

Trade wars and Brexit look to dominate equity headlines in the week ahead while German GDP and Italian budget negotiations will remain factors for the DAX.


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Gold Weekly Technical Outlook: Budding Breakout Caught at Range Support?

Gold posted its worst week since August with price sitting on a key inflection zone. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


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EUR/USD Weekly Technical Outlook: Euro 11300 Level Matters, a Lot

Last week, the Euro attempted to rally but found stiff opposition; this has the increasingly important 11300 level back in focus and it matters in a big way.


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Yen as a Risk Measure, Carry Barometer and Trade Vehicle

A strong risk asset rebound has stalled this past week, and different assets present their unique appeal to take advantage of the trend check. I look at the Yen crosses against this backdrop.


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US Dollar Rebound May Continue on CPI, European Politics

The US Dollar may continue to push higher after last week’s rebound as CPI data boosts Fed rate hike bets while shaky European politics drive haven demand.


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Dollar Attempting Another Ill-Fated Charge to Make a Bull Trend Stick

The Dollar is within easy reach of a more-than-year high in the DXY Index and EURUSD. Do these benchmarks offer a more reliable signal than the strained conviction in other measures?


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GBP Forecast: Brexit Breakthrough Needed for Bullish Breakout

Brexit breakthrough needed to awaken GBP bulls. Lack of concrete progress to keep Pound on backfoot, while plethora of UK data will likely take a back seat.


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Oil Price Enters Bear Market Even as U.S. Crude Output Hits Record-High

The current environment is likely to keep crude prices under pressure as OPEC changes gears, while the RSI pushes into oversold territory for the first time since 2017.


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S&P 500’s Recovery Falter, EURUSD Approaching 1.1300, Worst Oil Slide in Decades

Risk trends cut their bullish anchor this past week when the S&P 500 and Dow capitulated with a Friday tumble. Meanwhile, EURUSD is eying 1.1300 for next week’s open and US oil has suffered its longest slide in over three decades.


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Australian Dollar Can Hold Up As Long As Risk Appetite Does Too

The Australian Dollar has finally managed to rise from the canvas despite the persistent weakness of domestic inflation and a lack of clear interest rate support.


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Corporate Debt Demand Spikes to Four-Month High Amid US Elections

The high yield corporate debt ETF HYG saw its largest weekly inflow since June as political uncertainty resulted in the expected base case.


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AUD/USD Bullish Breakout Attempt Fell Short, AUD/JPY Risks Falling

The attempts in AUD/USD and AUD/JPY prices to overturn their dominant downtrends did not seem terribly convincing, especially AUD/JPY which may see its next leg as a descent.


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FX Week Ahead: Q3’18 Japanese GDP, October UK & US CPI, Aussie Jobs

As the calendar turns into the middle of November, economic data will have more sway as focus shifts away from the US midterm elections.


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

Global equities spent the first portion of the week recovering from the October sell-off. But the past two trading days havent' been so convincing.


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Forex Setups for the Week of November 12, 2018

The US Dollar has just returned to the same level of 97.00 that's turned around two strong bullish advances in the past four months. Will the third test be the charm for this resistance?


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USD/JPY Bullish Sequence Fizzles as U. of Michigan Fails to Impress

Recent price action in USD/JPY raises the risk for a larger pullback as the exchange rate fails to extend the series of higher highs & lows from earlier this week.


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EUR/USD Threatens Yearly Low as Euro Worries Back in the Spotlight

Italian budget worries move back into the spotlight next week as Italy's revised budget is due on Tuesday. Will the Italian government cave to Brussels' demands?


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USD Remains Stable After a Robust US Consumer Confidence Report

The University of Michigan’s monthly sentiment report revealed that US consumers were somewhat less optimistic in current economic conditions but bullish for the future.


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

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


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How to Trade Reversals with the Hanging Man Pattern

The hanging man candle is a reversal pattern that many traders follow. Learn how to identify and trade this pattern.


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