Weekly Technical Forecast: EURUSD and Equities Held Off Critical Breaks in November, Will they Manage the Same in December?

November has come to a close and many benchmark assets have ended the period staving off critical technical breaks. The Dow held an increasingly overt 2018 support now around 24,000 while EURUSD has maintained 1.1200 as a floor. Will this restriction on progress – both the critical break and the commanding reversal – continue into December?


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S&P 500, DAX, Nikkei Eye G-20 Aftermath. FTSE Awaits Brexit Vote

The ramifications from the G-20 Summit in Argentina will dominate headlines in the coming days as speculators digest the longer-lasting impacts of discussion.


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EUR/USD Weekly Technical Forecast: Euro Price Action Contraction

The Euro has been an indecisive animal and that looks set to continue as a triangle pattern looks to be in the works before making a move (likely down…).


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Gold Forecast: Dovish Fed and US-China Deal Needed for Topside Breakout

Another narrow trading range for the yellow metal ($1210-1228) with prices closing lower by 0.3%. Gold watchers will be placing a keen eye on the outcome of the G20 summit.


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US Dollar May Rise on Economic Data Flow, Powell Testimony

The US Dollar may rise as incoming economic data and clarifying remarks from Chair Powell revive bets on a robust interest rate hike cycle in 2019.


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USD/JPY Rate Vulnerable to Less-Hawkish Fed Testimony

USD/JPY may consolidate ahead of the last Federal Reserve meeting for 2018 as the exchange rate preserves the range-bound price action from November.


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GBP: Current Brexit Deal Won’t Pass Through UK Parliament

UK PM Theresa May continues to push her Brexit deal as the only viable option but the voting numbers don’t add up and that leaves Sterling increasingly vulnerable.


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US Equities Rebound but Defensive, Low-Risk Funds see Robust Inflows

Many broad-index tracking exchange traded funds saw robust inflows ahead of the G20 summit this week. Elsewhere, defensive ETFs notched gains as some investors look to escape volatility.


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Dollar Feigns Confidence but Depends on Liquidity to Save Its Bull Trend

The Dollar has maintained its general bullish bias of the past 10 months, but progress has been fraught with indecision. Course setting and perhaps even full trend may now ride on the level of liquidity and volatility in the markets through December.


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CAD Bracing for Volatility: BoC Hold, Jobs Report, OPEC Oil Cuts?

The Canadian Dollar is bracing for volatility as it has the BoC rate decision, November’s domestic jobs report and an OPEC meeting for near-term risks that carry long-term implications.


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Price Action Muted for USDCAD Until Next Decisive Move

The USDCAD currency pair experienced a steady ascent since early October but fading technical indicators may jeopardize the bullish uptrend.


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Crude Books Worst Month in 10yrs, Outlook Turns Dour Pre-OPEC, G20

Ouch. A massive reversal in the crude market has shifted the global outlook, and ripple effects are being felt the Vienna OPEC meeting seen as last hope to salvage 2018.


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Typical or Extreme December Trading Ahead

We are heading into the final weeks of the year, and the interest to simply coast to seasonal speculative gains is powerful. However, the habits of 2018 and the sheer number of fundamental threats on tap should lead us to extreme caution.


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Typical or Extreme December Trading Ahead

We are heading into the final weeks of the year, and the interest to simply coast to seasonal speculative gains is powerful. However, the habits of 2018 and the sheer number of fundamental threats on tap should lead us to extreme caution.


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Trade Wars, Fed Hike Plans, Brexit Assessments and More On Tap This Week

Rather than starting the gradual wind down associated with quiet trading conditions through December, a host of key themes and events will keep the risk of volatility high.


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GBPUSD Weekly Technical Outlook: Sterling Probes New Lows

Sterling’s technical set-up remains weak with the charts pointing lower and towards recent support levels.


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Australian Dollar Looks To Trump, Xi In Argentina, RBA Policy Meet

The Australian Dollar remains buoyed up against its US rival, and any signs of a trade thaw between Washington and Beijing could lift it further


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Aussie Bulls Beware: AUD/USD, AUD/JPY May Fall as EUR/AUD Gains

Australian Dollar bulls could be running out of steam, AUD/USD and AUD/JPY prices are showing signs that a turn lower could come ahead. EUR/AUD on the other hand may climb instead.


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

US stocks put in recovery moves this week as the book was closed on November trade. But can that enthusiasm remain into the final month of a volatile 2018?


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Central Bank Weekly: US Dollar Hamstrung after Fed Signals Dovish Shift

All signs point to the FOMC reducing its glide path in December, which is bad news for the greenback.


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