Weekly Trade Levels for EUR/USD, AUD/USD, Crude Oil, Gold & More

Webinar highlighting setups we’re tracking into the start of the week across the US Dollar Majors. Here are the updated targets & invalidation levels that matter.


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EUR/USD Recovery Runs Towards Key Resistance; USD Pullback Continues

The Euro continues to recovery prior November losses as the holiday-shortened week begins, and EUR/USD prices are fast-nearing a key area of chart resistance.


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Crude Oil Renews Selling on Russian Stance, AUD & NZD Drop on APEC - US Market Open

Trade war tensions between the US and China continuing to take its toll on the high beta antipodean currencies. Crude Oil renews selling as Russia talks down joining OPEC oil cut.


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UK Week Ahead: Brexit and the Bank of England to Steer Sterling | Webinar

UK PM Theresa May remains in office, for now at least, and will venture over to Brussels to talk with EU chief negotiator Michel Barnier, while BoE governor Carney will make a shorter trip to Parliament.


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Weekly CoT Update – Sellers in USD, Crude Oil Speculators Keep Hitting Bids

In the latest CoT report large speculators pared back Dollar longs versus most currencies while oil longs continue to hit bids as precipitous decline continues.


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EUR/USD Looks Good Long on Dip, USD/JPY Short on Smallish Rip

The Euro popped hard last week and looks likely to continue higher in the near-term, while USD/JPY looks ripe for more selling following a bounce.


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EURUSD Rise From Dovish Fed Limited by Italian Fears, Eyes on ECB Minutes

Cautious Fed has provided upside risks for the Euro, however, given the showdown between the EC and Italy, gains are limited, while eyes will be on the latest ECB minutes.


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Bitcoin, Ethereum, Ripple Prices Collapse Further - A Sea of Red

The cryptocurrency market has sold off further with most coins taking out support levels, leaving them vulnerable to further losses.


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GBPUSD News: UK PM Shuns Brexit Advice, Sterling Cagey

UK PM Theresa May continues to push ahead with her unpopular version of Brexit, ignoring all and any advice given to her, according to the latest rumors. Sterling remains on edge.


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US Dollar, Yen May Rise as Fed-Speak Revives Rate Hike Bets

The US Dollar and Japanese Yen may rise as comments from the Fed’s John Williams boost rate hike bets and sour market-wide risk appetite.


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Asian Stocks Make Cautious Gains Despite Trade, Brexit Worries

Asia Pacific markets managed to rise in a week where trade is already likely thinned by the approach of the US Thanksgiving break. Trade worries continued to swirl, Brexit remains


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Crude Oil Prices Eye JODI Data, Gold May Fall on Fed-Speak

Crude oil prices are eyeing JODI import and export data to inform oversupply fears. Gold prices may retreat on comments from New York Fed President John Williams.


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Singapore Dollar at Risk, MYR May Gain. Stronger USD Could Emerge

Fed sunk the US Dollar which benefited ASEAN FX. USD/PHP also enjoyed lower oil prices. Singapore Dollar is at risk while Malaysian Ringgit may gain. Don’t discount a stronger USD.


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Japanese Yen Strength Against USD Probably Worth Chasing For Now

The Japanese Yen doesn’t have many fundamental reasons to rise against the US Dollar, but its strength may have further to go in the short term


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USD/SEK May Rise on Riksbank View. Political Breakthrough Ahead?

USD/SEK may rise as Riksbank rate hike bets cool but Center Party leader Annie Loof offers hope for a political breakthrough that ratifies technical hints at Krona gains.


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Lower Fed Rate Hike Bets May Boost Asia Stocks, USD Uptrend Holds

The Fed brought up concerns about global growth again, boosting S&P 500 as rate hike bets fell. Asia stocks may gain as Yen falls. Despite losses in the US Dollar, the uptrend holds.


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Weekly Fundamental Forecast: Trade Wars, Brexit and Italy Risks Advance as Bulls Hope for Holiday Respite

The week ahead will test the mettle of holiday trading conditions. The US Thanksgiving holiday is a well-known curb on turnover in global markets which naturally breaks up speculative momentum. However, the abundance of systemic thematic threats (trade wars, Brexit, Italy’s budget) and 2018’s predilection for volatility could make this an unnerving holiday.


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Weekly Technical Forecast: Will Liquidity Define the Equities, EURUSD and Oil Reversals?

A range of ambitious technical moves were checked this past week. Equities’ return to bear trend steadied, the EURUSD pulled up from a break to 16-month lows and crude oil finally broke the fever of a record breaking 12 consecutive day slide. Are these purposeful reversals or merely a pause in anticipation of next week’s liquidity conditions?


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Global Markets Braced for Brexit Chaos and Italian Showdown

The political backdrop looks bleak for the UK as PM May struggles to bring her party together to support her Brexit plans. Italy yet again defy the European Commission and stick to its big spending budget plan


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Gold Weekly Technical Outlook: Gold Prices Jump as Dollar Breaks

Gold prices snapped a two-week losing streak after rebounding from technical support. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


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