EURUSD Downtrend Continues, Amplified by German Economic Weakness

EURUSD continues to trade just above levels seen in June last year with the latest German ZEW readings pointing to weak growth in Q3 ahead of Wednesday’s official GDP figures.


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GBPUSD Analysis: Rising Wages Fails to Support as Brexit Dictates

GBPUSD saw a choppy reaction following another mixed employment report with rising UK wages met with an uptick in the unemployment rate. Brexit continues to dictate.


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EURUSD Stabilizing Ahead of Italian Budget Deadline

The Euro is off its lows after hitting its weakest level against the US Dollar since mid-2017 as Italy prepares to present a new Budget to the European Commission.


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Gold Price Eyeing Further Losses Despite Equity Turmoil

Gold looking to break back below $1,200/oz. as the US dollar continues to rally. Market sentiment remains fragile despite equity market weakness.


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DAX 30 Technical Forecast – 2011 Trend-line to Come Back into View Soon

The DAX has firmed up neckline resistance with recent failed gaps, momentum favors another test of long-term trend support.


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Yen Down as US, China Trade Deal Hopes Buoy Market Mood

The anti-risk Japanese Yen fell as hopes for a breakthrough in trade relations between the US and Chine lifted financial markets’ spirits.


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Euro to Sink Further as Rome Clashes with Brussels Over 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.


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Asian Stocks Wilt Under Wall Street Pressure, Dollar Holds Up

Asian shares were mostly hammered Tuesday as the same tech, trade and European worries which smashed Wall Street took their toll. The US Dollar gained, winning the haven battle with the Japanese Yen


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Crude Oil Prices May Rise with Stocks on US, China Trade Deal Hopes

Crude oil prices may rise amid a broad-based improvement in the markets’ mood amid hopes for de-escalation of the trade war between the US and China.


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Evaluating the Drive Behind EURUSD’s 1.1300 Crash to Assess Follow Through

EURUSD, the currency markets most liquid currency cross, dove through support and moved on to the lowest levels plunged in 16 months. Is this revival of a bear trend or a temporary charge?


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Japanese Yen Technical Analysis: USDJPY Slip Looks Corrective

The Japanese Yen has inched up against the US Dollar this week, but it remains short of fundamental support and looks likely to retrace its steps


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S&P 500 Extends its Tumble, EURUSD Hits 16-Month Low, Oil Dives an 11th Day

So much for a quiet start to the new trading week after a weekend to reevaluate. Risk aversion was shifting through the gears Monday with an accelerated US equity retreat. But that move has nothing on the drop from EURUSD and crude oil.


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EUR/USD Technical Analysis: Sellers Take Aim Below 1.12 Figure

The Euro looks likely to suffer deeper losses after breaching the 1.13 figure and dropping to the lowest level in over 16 months against the US Dollar.


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AUD/USD Drop May Gain, Crude Oil Longest Losing Spree Since 1984+

Crude oil prices entered longest losing streak since at least 1984 despite OPEC talks, falling as S&P 500 tumbled about 2%. GBP/USD was volatile on Brexit news as AUD/USD risks extending a selloff.


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President Trump Ponders Auto Tariffs Amid 600 Point Dow Decline

US equities closed significantly lower Monday as reports circulated that President Trump plans to meet with his trade team on Tuesday to draft a report on European auto tariffs.


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AUD/USD Carves Bearish Sequence Following Failed Run at September-High

The advance from the 2018-low (0.7021) may continue to unravel as AUD/USD carves a fresh series of lower highs & lows after failing to the test September-high (0.7315).


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GBP/USD: Cable Gaps Down to Start a Big Week for the British Pound

The bullish theme from the British Pound has left the currency, and sellers are in-control as a busy calendar meets more twists and turns in the ongoing Brexit story.


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EURUSD Hits 16 Month Lows While SP 500 Pattern Hints to New Lows

EURUSD breaks to new 16 months lows after a sharp reversal on November 7. Meanwhile, the late Friday correction in SP 500 has continued forward to today and points to lower levels.


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GBPUSD Elliott Wave Analysis: Seeking Larger Impulse Waves

The Elliott Wave chart pattern for GBPUSD has been mysterious for the past several months. The collection of three wave patterns leaves Cable vulnerable to lower levels.


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NZD/USD Weekly Technical Outlook– Kiwi Eyes Yearly Slope Resistance

New Zealand Dollar is up nearly 5% off the yearly lows with price now targeting key slope resistance. Here are the levels that matter on the NZD/USD weekly chart.


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