Thursday, 6 December 2018

Bitcoin Sentiment Sparks a Bullish Bias

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


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Gold Sentiment Prompts a Mixed Bias

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


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Hedge Fund Performance Falters as Investors Flock to Passive Strategies

ETF investments have seen large inflows of capital recently due to their low costs and strong returns relative to Hedge Funds. But is the simplicity of passive investing putting your money at risk?


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AUD/USD Weekly Price Outlook: Aussie Reversal Targets in View

Aussie has plummeted more than 2.2% since the start of the month after reversing off technical resistance. Here are the levels that matter on the AUD/USD weekly chart.


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Why Does the US Yield Curve Inversion Matter?

With US equity markets plunging this week, financial news media has been quick to point out movement in the bond market as the key catalyst.


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S&P 500 Plunges, DAX Enters Bear Market on Trade War Fears

US equities took a substantial hit Thursday after markets were closed the day prior which may have compounded the sell-off.


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US Household Net Worth Rises to $109 Trillion Over Third Quarter

American households are $2 Trillion wealthier after third quarter 2018 driven by gains in financial assets, but the uptrend could fade over the final months of the year.


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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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EUR/USD Range in Focus Ahead of NFP Report, ECB Meeting

EUR/USD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report as Federal Reserve officials strike a less-hawkish forward-guidance for monetary policy.


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USD/CAD Weekly Price Outlook: US Dollar Rallies to Fresh Yearly Highs

USD has rallied nearly 10% against the Loonie since the yearly lows with price now eyeing key resistance. Here are the levels that matter on the USD/CAD weekly chart.


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Global Markets Extend Losses as Weekly S&P Shorts Drop 14%

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


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USD/CAD Rate Forecast: Post-BoC Rally Triggers RSI Breakout

Recent price action in USD/CAD keeps the topside targets on the radar especially as the Relative Strength Index (RSI) flashes a bullish signal.


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EUR/USD: A 17% Decrease in Long Positioning Leads to a Mixed Bias

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


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Oil Prices Drop on Potential OPEC Disappointment, CAD Extends Losses - US Market Open

WTI and Brent crude futures extend on losses as OPEC may cut output below consensus, resulting in further losses for the CAD.


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US Dollar Unable to Rally Even as Risk Appetite Erodes

US financial markets are in 'risk-off' mode, with equities dropping alongsides US Treasury yields. That the greenback can't rally is foreboding.


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FTSE 100 & DAX Break Crucial Support as Trade Wars and OPEC Inspire Losse

European stock markets crash to 2-year lows as trade war optimism fades after Huawei arrest, while oil prices plunge ahead of OPEC meeting


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US Dollar Price Action Needs NFP Confirmation, Huawei Hammers Risk

The US dollar basket (DXY) pushes back above trendline support despite lower nominal US yields and short-dated UST yield inversions. US-China tensions ramp up after Huawei CFO arrested.


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OPEC Latest: Oil Prices Renew Sell-Off Ahead of OPEC Meeting

Crude oil prices renewed its sell-off with Brent breaking below $60/bbl as the Saudi Arabian Energy Minister raised the risk of a no-deal


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EUR/USD Triangle Nearing its Apex, Ready for a Breakout

The Euro has been chopping around within a narrowing range the past couple of weeks, but that won't last forever and a directional move, even if brief, should soon develop.


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GBPUSD: Sterling Support Remains Fragile as Brexit Chaos Continues

UK PM May is facing rebellion from inside her party and heavy criticism from outside and talk is now circulating that the Brexit vote in Parliament, scheduled for December 11, may now be delayed.


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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...