The Euro is working on finally breaking out of a triangle pattern, USD/CAD same but on smaller scale, and while looking at triangles can't forget about oil.
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Friday, 14 December 2018
FTSE Chart Analysis – Ricocheting Off Resistance
It's been a weird week on the fundamental front, but the technical picture is one of bouncing off support turning lower off resistance, standard stuff.
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Bitcoin, Ethereum, Ripple Prices Slump; Market Valuation Crashes
The cryptocurrency market continues its bear market move with losses stacking up across the board. Low volume conditions in the next couple of weeks may inflame the sell-off further.
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Sterling (GBP) Likely to Make Fresh Lows After Latest Brexit Rejection
UK PM Theresa May left Brussels empty handed yet again after her attempts to get a legally binding backstop agreement were rebuffed by the EU, leaving Sterling increasingly vulnerable.
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Thursday, 13 December 2018
Yen May Continue Higher as Global Slowdown Fears Grip Markets
The Japanese Yen may continue to push higher as global slowdown fears sour sentiment across financial markets, boosting the perennially anti-risk currency.
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EURUSD May Habor a Reversal Pattern but ECB Reaction Shows the Trading Reality
The ECB has called an end to its QE program, breathing room has been given in Brexit and US oil has seen a technical break; yet is there meaningful trade potential for EURUSD, GBPUSD or crude?
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Asian Stocks Broadly Weaker As China Data Misses Bit, Fed Eyed
Weak Chinese economic data saw risk very much ‘off’ in Asian hours. An enduring end to Sino-US trade tensions is becoming measurably more urgent
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Crude Oil Prices May Turn Lower as Market Mood Darkens
Crude oil prices have conspicuously failed to make good on supportive news-flow. They may turn lower from here as the markets’ risk appetite deteriorates.
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Volatility Check: A December Crisis or Reversion to Seasonality?
We have defied many typical year-end conditional developments that regularly checks speculative assets progress and investors irrational exuberance for a position that can ‘beat the odds’.
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EUR/SEK May Rise in Short Term But Fall Heading into Q1 2019
EUR/SEK looks poised to rise in the short term while Sweden wrestles with political gridlock but may see a downturn heading into Q1 on fiscal and monetary stimulus.
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Australian Dollar Down On China Data Misses, But Focused On Fed
The Australian Dollar took a tumble as Chinese retail sales and industrial production both missed forecasts. Here are further signs of deceleration in the world’s second largest economy
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EUR/USD Technical Analysis: Triangle Setup Carries Bearish Cues
The Euro looks to have carved out Triangle chart pattern, hinting at on-coming continuation of the dominant downward trend against the US Dollar.
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Australian Dollar, Emerging Markets at Risk to Soft Chinese Data
The Euro trimmed losses after the ECB rate decision and Mario Draghi speech, gaining as the US Dollar weakened. Australian Dollar and emerging markets at risk to softer Chinese data.
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Gold’s Bullish Breakout Ready for First Real Test
After losing ground from April through November, Gold prices have made a veritable attempt at bottoming in the last month of the year.
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Market Risks Abound As Yields Tell of Chilling Risk Sentiment As EM Turmoil Remains
Key stories driving price action this week focus on GBP options insight showing highest uncertainty since the Brexit vote, the chilling development in US yield spreads at 2yr highs, and a shock move at the Reserve Bank of India.
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What is the Fed’s Number One Fear?
The Federal Reserve highlighted a list of areas for concern in the economy, but one specific characteristic of the US corporate sector was their headline risk.
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FX Price Action Setups in EUR/USD, GBP/USD, USD/CHF and NZD/USD
Compression and congestion setups reign supreme around the US Dollar at the moment, and next week's FOMC rate decision may provide the fuel for some breaks.
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EUR/USD Price Outlook: Euro Breakout Imminent- Battle Lines Drawn
The December range remain intact with a multi-month consolidation-break looming. These are the targets & invalidation levels that matter on the EUR/USD charts post-ECB.
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DJIA: Dow Jones Attempts to Re-Gain Footing Ahead of December FOMC
The fourth quarter of this year has brought a stark change-of-pace to US equity markets. Will the FOMC give stock bulls a reprieve at next week's rate decision when looking to 2019 and thereafter?
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EUR/USD Drops from Triangle Resistance as ECB Announces End to QE
After four years and €2.6 Trillion, the European Central Bank announced the end to their QE program today, and this comes amidst a backdrop of slowing growth and rising political strife in the bloc.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....