Wednesday, 28 November 2018

Gold Price Outlook Mired by Failed Attempt to Test Monthly-High

Gold appears to have marked a failed run at the monthly-high ($1237) as the precious metal snaps the range-bound price action from the previous week.


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Fed’s Financial Stability Report Warns of ’Elevated’ Corporate Debt

The Federal Reserve’s first report devoted to financial stability highlighted trade wars, Brexit and trouble in emerging markets as headline risks that could impact the US financial system.


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Crude Oil Price Outlook: WTI Catches Support at $50- Can It Hold?

Oil prices are attempting to snap a seven-week losing streak from fresh yearly lows. Here are the levels that matter on the WTI weekly chart into the close of the month.


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US Dollar Strength in Focus Ahead of Powell; USD/CAD Nears Resistance

The Dollar is holding resistance and US equities are bouncing ahead of a highly-anticipated speech from FOMC Chair Jerome Powell, set to take place at Noon ET today.


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CAD at 5-Month Lows, Crude Oil Back on the Decline - US Market Open

The Pound is notably outperforming this morning, gaining some 0.3% against the greenback. CAD at lowest level since June amid weaker oil prices and wider bond spreads.


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DXY Index Hovers Below Yearly Highs Before Powell Speeh

A speech by Fed Chair Jerome Powell later today is expected to bring with it fresh dovish tones.


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EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

EURUSD bearish trend opens scope for a test of the YTD lows, while EURJPY lacks significant signs of a near term break. EURGBP tests supports, which curbs further losses for now.


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Bitcoin, Ethereum, Ripple Prices Turn Higher | Webinar

The cryptocurrency market is paring back some of last weekend’s losses and may have further to go with some coins still registering oversold conditions.


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Technical Outlook for Crude Oil, Gold Price, S&P 500, DAX 30, FTSE & More

Crude oil is deeply oversold but still no support, gold has converging trend-lines, while global indices are bouncing but look poised for more weakness ahead.


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Crude Oil Price Stabilizes, Downtrend Remains Intact

The crude oil price has steadied after its tumble that began early last month but the trend remains downwards and the $50/barrel support level for US crude could yet be broken.


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Bearish Sentiment Signal for Gold Price

The latest retail trader positioning data suggest that losses are possible for the price of gold.


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Sterling Waits for UK Government to Publish Brexit ’Impact’ Analysis

The UK government will release its Brexit economic impact analysis later in the session with Sterling negative news expected across the board.


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SD Underpinned by Month-End Signals, However, Fed’s Powell Poses Risk

Short term factors point towards further USD buying, however, commentary from Federal Reserve Chairman Powell poses a risk.


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EURGBP: Pending Long as Support Nears - Tight Stop

EURGBP is currently trending a touch lower but support nears and may provide a springboard higher, as two of the markets weaker currencies continue to do battle.


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DAX 30 Technical Analysis – Bounce Set to End Soon

The DAX has lifted a bit in recent sessions off long-term support, but it’s not likely to last long with trend and market tone working against global stocks.


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British Pound at Risk as BOE Presents Brexit Scenario Analysis

The British Pound may fall if an assessment of the economic impact of various Brexit scenarios by the Bank of England echoes recent private-sector forecasts.


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Tuesday, 27 November 2018

Asian Stocks Still Supported By Hopes For Trump, Xi G20 Meet

G20 meetings have under-delivered before but stock investors seem hopeful that this weekend’s Argentinian edition can at least bring a more constructive tone to trade talks


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Why Aren’t AAPL and GM Shares, USDCNH, Fed Rate Forecasts Not Lower on Trump’s Threats?

President Trump has not been reserved with spreading criticism against the perceived sources of difficulty for the US market and his personal political agenda. Yet, despite the focus, these markets have limited their response to his negative attention.


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Gold Prices May Fall Further on Hawkish Powell Comments

Gold prices will may continue to fall after suffering the largest drawdown in two weeks as hawkish comments from Chair Powell boost Fed rate hike bets.


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USD/IDR Attempts Reversing 2018 Uptrend. SGD, PHP Eye Resistance

The Indonesian Rupiah is on the verge of accelerating its appreciation against the US Dollar, putting USD/IDR’s 2018 uptrend at risk. USD/SGD and USD/PHP eye near-term resistance levels.


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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...