Dollar Declines as FOMC Minutes Point to Powell Pumping the Brakes on Hawkish Fed

While December still appears live for another Federal Reserve interest rate hike after dovish remarks from central bank officials, the future path for policy normalization grows uncertain.


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FX Price Action Setups in EUR/USD, USD/CAD, NZD/USD and AUD/USD

There's considerable noise in the backdrop, and this weekend brings G20 which may further complicate matters. In this webinar, the US Dollar was the focal point.


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AUD/USD Rate Clings to Bullish Series Ahead of G20 Summit

AUD/USD clings to the recent series of higher highs & lows ahead of the G20 Summit, with attention turning to the looming trade discussion between the U.S. and China.


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Gold Sentiment Suggest that Prices Might Rise

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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S&P 500: Weekly Short Positions Soar 29% Prompting a Bullish Bias

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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Oil Price Forecast: RSI on Cusp of Flashing Buy-Signal

Recent price action raises the risk for a larger rebound in crude oil, with the Relative Strength Index (RSI) on the cusp of flashing a textbook buy-signal.


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Ethereum Price Forecasted to see Large Gain using Elliott Wave Analysis

Ethereum’s price chart shows the potential for an increase to 225 according to Elliott Wave Theory. We are looking for strength to emerge soon.


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Gold Price Outlook: XAU/USD Consolidation- Breakout Imminent

Gold is in consolidation just below multi-month slope resistance. Here are the targets & invalidation levels that matter on the XAU/USD charts heading into December.


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USD/JPY Sentiment Prompts a Mixed Bias

The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.


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GBP/USD Sentiment is Unable to Provide a Clear direction

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


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AUD at Resistance, Russian Jawboning Lifts Oil - US Market Open

The Australian Dollar is back at familiar resistance. Fed’s Powell dents USD, while typical EURGBP month-end demand weighs on GBP.


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US Dollar Tests Trend-Line Support Ahead of FOMC Minutes

The US Dollar found resistance yesterday and already price action is testing a key area of trend-line support. Can buyers hold the lows, are we on the cusp of a fresh wave of USD-weakness?


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Global Market Rally Needs Dovish Fed and Positive US-China Trade War Upadate

Yesterday, Fed Chair Powell had echoed similar commentary to Vice Chair Clarida, stating that policy rate is “just below” broad range of estimates for the neutral rate. Eyes are now for developments at the G20 summit.


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Brexit ’Doomsday’ Warnings Ignored by a Resilient Sterling

Dire economic predictions from the Government and the Bank of England have had only a minimal effect on Sterling so far as UK PM May continues to push her deeply unpopular Brexit deal to the country.


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EURUSD Chart Near-Term Bullish After Outside Range Day

A bullish outside range day on the EURUSD chart suggests near-term upside after the recent weakness of the pair.


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Crude Oil Analysis: WTI breaches $50, Bears Eye Critical Support

The decline in oil prices persists with WTI and Brent crude breaking below $50 and $58 respectively. Given that there are little signs of the sell-off abating.


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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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GBP Price Falls After Dire Warnings For UK Economy After Brexit

The British Pound has weakened after grim predictions for the UK economy post-Brexit from both the UK Treasury and the Bank of England.


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USD/JPY Weak Near-term, Triangle Building; USD/CAD Reversal Has Trend-line in Play

USD/JPY reversed off the top of a developing pattern which should prove important later-on, while USD/CAD rejection has notable trend support back in view.


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FTSE Chart Analysis – Lifting on Heels of Surge in S&P 500, but Not Meaningful

Shortly after Europe trading closed U.S. stocks surged on Fed Chair Powell's softening hawkish tone; but it may only be a temporary shot in the arm, especially for non-U.S. markets.


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