Wednesday, 12 December 2018

NZD/USD Technical Outlook: Price Reversal Targeting Trend Support

Kiwi reversed off up-trend resistance last week and we’re trading the pullback. These are the targets & invalidation levels that matter on the NZD/USD charts.


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GBP/USD: Cable Poses Short-Cover Rally Ahead of No-Confidence Vote

The British Pound is putting in a vigorous bounce from the 1.2500 psychological level; but already an area of prior support is helping to set resistance ahead of today's no-confidence vote.


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Gold Price Technical Outlook: Bulls Pause After $1250 Test

The gold price rally has taken a breather after testing five-month highs. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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EUR/USD Bounces From Trend-Line Support as USD Holds Resistance

The rally in the US Dollar has run into resistance, and prices have continued to pullback after an in-line CPI print. EUR/USD compression continues after another trend-line test.


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US Dollar Losses Ground as November US CPI Weakens Fed Narrative

The Federal Reserve will likely hike rates next week, but evidence of slowing inflation means the path forward is less certain.


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The Predictive Power of the CoT Report | Podcast

The CFTC’s Commitment of Traders report provides traders with an idea of where the market could move next. Find out how to analyze this data


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Bitcoin, Ethereum, Ripple Prices Remain Weak | Webinar

The cryptocurrency market continues to drift lower with any rebound finding sellers. Some cryptos are now in unchartered territory making technical analysis difficult.


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DXY Index Holds Near Yearly Highs Ahead of UK No-Confidence Vote, US CPI

Volatility in FX markets remains elevated with a full slate of data and events due out today.


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EUR/USD Rate to Stay Afloat on Mixed U.S. CPI Report

Updates to the U.S. Consumer Price Index (CPI) may keep EUR/USD afloat as the headline reading is projected to slow to 2.2% from 2.5% per annum in October.


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Trading Outlook for Dow Jones, DAX 30, Gold Price, Crude Oil, Copper & More

The Dow looks like it may have found a low on Monday, which should help stabilize the DAX; gold is trying to hold support while crude oil continues to digest losses.


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Santa Rally in European Stocks Looking More Likely

The traditional Santa Rally in European stocks in December may be starting as concerns ease about the US-China trade war.


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S&P 500, Dow Jones & Nasdaq 100 Charts: Monday’s Reversal Lows Hold the Key

Monday’s turnaround came at a critical spot and so long as those lows hold the market may be able to stave off further selling until after the calendar flips to 2019.


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GBPUSD Forecast: Path of Least Resistance Is Upwards

GBPUSD has reacted positively to news of a leadership challenge to UK Prime Minister Theresa May, suggesting more gains to come as Brexit could be delayed or even abandoned.


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Brexit News: UK PM May to Face Leadership Battle Today; Sterling Rattled

UK PM Theresa May will face a leadership challenge later today after the 1922 Committee received the 48 letters needed.


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US Dollar May Rise on CPI, Euro Casts Worried Eye on Italy and France

The US Dollar may rise as November’s CPI data helps rebuild Fed rate hike bets. The Euro is at risk amid worries about political turmoil in Italy and France.


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Tuesday, 11 December 2018

Asian Stocks Boosted By China Auto Tariff Reports, US CPI Looms

Asia Pacific stock markets found something positive at last in reports that China will cut its tariffs on auto imported from the US


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As France, Italy, ECB and Other Euro Risks Rise, Watch EURCHF

Though there is clear leverage in fear over Brexit and the US trade wars, the most comprehensive risk may encompass the Euro. Fiscal stability and monetary policy intent raise the need to plot specific havens for this benchmark currency.


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Crude Oil Prices May Get Clashing Cues in US Inventory, CPI Data

Crude oil prices may get conflicting cues in US inflation and inventory flow data if the former boosts the Dollar while the latter reveals a larger drawdown than expected.


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USD/SGD Prices Eye Reversal Pattern. False Breakouts in MYR, IDR?

The Malaysian Ringgit and Indonesian Rupiah might have had false breakouts against the US Dollar. Meanwhile, the Singapore Dollar is overshadowed by a bullish reversal pattern.


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Dow Wilts on Government Shutdown Threats, Pound Kept Off Balance by Confidence Vote Rumors

Just when it seems volatility may settle, the convergence of flighty markets and provocative headlines stirs the waters once again. Trade wars and government shutdown have kept US markets off kilter while Brexit fears are on high alert.


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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...