Recent changes in sentiment warn that the current US 500 price trend may soon reverse higher despite the fact traders remain net-long.
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Wednesday, 2 January 2019
EUR/USD Hits 2-week Lows, Outlook Bearish
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
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GBP/USD: Cable Crumbles After Year-End Rally Falls Short of Dec Highs
Bears are back in the British Pound, as the year-end rally in GBP/USD has given way to another test below the 1.2600-handle.
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Crude Oil Price 2019 & Insights from Daniel Lacalle
Best-selling author and chief economist, Daniel Lacalle reveals how a hedge fund manager will be trading in 2019 and beyond.
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DJIA: Dow Challenges Confluent Resistance After 38.2% Retracement
The Santa Rally didn't arrive until the day after Christmas, but after erasing 38.2% of the December sell-off, are US equity bulls back in control?
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Gold Price Forecast: Bullish Series Keeps June-High on Radar
Topside targets remain on the radar for gold, with the price for bullion eyeing the June-high ($1309) as it extends the bullish series from the previous week.
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EUR/USD Fails at 1.1500 as the USD Jumps from Test of Two-Month Lows
The US Dollar is catching a vigorous bounce after a test of the November low, helping EUR/USD to fall after a re-test of the 1.1500 psychological level.
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GBP & AUD Plunge, Risk Off Tone Sparks JPY Surge - US Market Open
A new year, however, the same problems persist for the Australian Dollar. GBP fails to receive a bid from firm Mfg. PMI. JPY surges on haven demand.
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AUDUSD Price Downtrend May Resume on Weak China Economy
The AUDUSD price could fall further on a combination of Chinese weakness and a slowing domestic economy.
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FTSE 100 Index Set to Suffer From Weak Chinese Demand
The FTSE 100 index of leading London-listed stocks is looking particularly vulnerable to the weakness of the Chinese economy because of its large mining and energy components.
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JPY Bulls Dominate Amid Growth Slowdown and Wrongfooted Speculators
The Japanese Yen made advances throughout the Asian session after stocks took a hit following the latest China data. More losses expected in USDJPY.
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Sterling (GBP) Slips Lower Despite Strong Manufacturing PMI Headline
The British Pound picked up a bid at the lower level after the latest UK Manufacturing PMI release beat expectations but faded lower as markets digested the data breakdown.
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EURUSD Price: Short-Term Rally May Struggle to Find Traction
EURUSD starts the year pointing higher and may test the early November 2018 high at just over 1.1500 which may open the door to 1.1622 in the near-term.
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Tuesday, 1 January 2019
Asian Stocks Fade As Yet More Chinese Data Comes Up Short
Stock markets got back to more normal trading levels on Wednesday but cheer was in short supply as investors worried about a global slowdown
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Australian Dollar Wilts As Caixin PMI Adds To Chinese Economic Gloom
The Australian Dollar faltered as December stood revealed as the worst month since May, 2017 for China’s private manufacturers
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Sunday, 30 December 2018
Asian Stocks End Mixed, Most Bourses Down For 2018 Overall
Many regional indexes were closed, or closed early, for New Year’s Eve. Those that were open put in a mixed performance following news that Chinese manufacturing wilted in December
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USD/PHP Eyes CPI. Asia Markets Await US Shutdown News, Jobs & Fed
US Dollar weakness boosted ASEAN currencies. The Philippine Peso eyes domestic inflation data. Asia markets await key US new around jobs, the shutdown and Fed Chair Jerome Powell.
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NOK/SEK Technical Analysis: Bearish Forecast for 2019
NOK/SEK will both likely fall in 2019 amid forecasts of economic and political turmoil, but the Krone’s connection to crude oil may be an additional vulnerability that will drag the pair down.
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