Precious metals have been gradually on the move higher, but another little push will have resistance in focus for both gold and silver.
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Thursday, 13 December 2018
NZDCAD: Pending Short on Supportive Technicals
NZDCAD chart supportive for further downside move as technical indicators collide.
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Euro at Risk on ECB Policy Announcement, EU Leaders’ Summit
The Euro looks vulnerable even as the ECB confirms the end of QE. Comments from the EU leaders’ summit might compound selling pressure.
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Wednesday, 12 December 2018
Risk Appetite Extends, Yen Down. ASX 200 Seeks Reversal. ECB Next
China agreed to purchase 1.5 to 2m tons of soybean from US, extending risk appetite as Asia stocks rose. ASX 200 still far from bullish reversal. All eyes on ECB, European Council.
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An ECB Rate Decision that Will Draw Fed-Level Attention
Forward guidance from the ECB will play a crucial role after the central bank said it would end its QE program this month.
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Gold Prices Struggle to Make Good on US Dollar Downturn
Gold prices are struggling to make good on a pullback in the US Dollar as Treasury bond yields rise, undermining the appeal of non-interest-bearing assets.
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Another S&P 500 Rally Falters, May Survives Confidence Vote, ECB On Tap
While Euro has the top fundamental risk due to the EU summit and ECB rate hike, New Zealand Dollar offers the clearest technical view.
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Euro Gains, Italian Bond Yields Fall on News of Budget Compromise
The Euro cautiously rose and Italian 10-year bond yields fell as news broke of Prime Minister Giuseppe Conte promising a reduced budget deficit. However, the fight may not be over yet…
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Nikkei 225 Technical Analysis: Key Support Holds Firm Again
The Nikkei 225 has staged a modest bounce-back this week, and in so doing highlighted the importance of a key medium-term prop
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GBP at Risk Despite Theresa May Confidence Vote Win, Yen May Fall
Even though UK Prime Minister Theresa May survived the no confidence vote, GBP prices declined. S&P 500 trimmed gains on US government shutdown concerns. Asia stocks may rise as Yen falls.
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British Prime Minister Theresa May Defiantly Defends Leadership Position Amid No-Confidence Vote
UK Prime Minister Theresa may holds on to power after receiving 200 out of 317 votes supporting her leadership role.
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Gold Sentiment Gives a Strong Bearish Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
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EUR/USD: Traders Remain Net-Long Despite a Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.
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Short Positions Grow 23% Overnight As May’s Confidence Vote Approaches
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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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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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...