GBPUSD moves have been driven by the US dollar this week but that is about to change as Brexit negotiations return to the headlines as PM May fights for her deeply unpopular Brexit bill.
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Friday, 4 January 2019
Gold Price: Rally Stalls Ahead of US Jobs Report, Fed Speak
Gold remains below $1,300/oz. as traders wait for an update on the state of the US economy from the latest monthly US job release.
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EURUSD Price Analysis: Risks Skewed to the Downside for Eurozone Inflation
Risks to Eurozone inflation are skewed to the downside given the drop-in oil prices which has been reflected in German and French figures.
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Thursday, 3 January 2019
US Dollar at Risk as Soft Jobs Data Stokes Dovish Fed Policy Bets
The US Dollar may decline as disappointing US employment data encourages a further dovish shift in investors’ Fed monetary policy expectations.
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Gold Prices May Extend Advance as US Jobs Data Disappoints
Gold prices may continue to push higher as disappointing US jobs data weighs on bond yields and inspires a further dovish shift in Fed monetary policy expectations.
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Asian Stocks Mixed With China Data Supporting, US Payrolls Up Next
Asia Pacific stock markets put in a mixed showing Friday with the Nikkei crumbling as investors in Tokyo returned from holiday. Chinese indexes did much better as local data impressed.
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AUD/JPY Technical Analysis: Pending Short After Trade Talks
Looking to go short AUD/JPY after trade talks between Beijing and Washington take place on Monday. Waiting for the pair to re-test the December resistance and confirm downtrend.
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Trading in the Aftermath of a Yen Flashcrash
The extreme swing from the Japanese Yen no doubt qualifies as a flash crash – as does the drop from the Aussie Dollar and other certain assets. Yet, does such extraordinary activity insinuate clear trading opportunity?
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EUR/GBP Technical Analysis: Uptrend Resumption Attempt Fell Short
EUR/GBP confirmed best weekly gains in 2018, but upside progress was slow due to large wicks. The pair remains in consolidation mode after a false breakout through resistance.
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Markets On High Alert as S&P 500 Turns, Flash Crashes Strike, NFPs Ahead
The S&P 500 and Dow would make a move that signals to technical traders an ominous progression for an overriding bearish trend. Will trade wars, flash crashes and NFPs accelerate or stabilize our troubling backdrop?
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Australian Dollar Gains As China Caixin Service PMI Beats Forecasts
The Australian Dollar got a lift from news that China’s service sector continued to expand quite strongly into year-end, in contrast manufacturing’s swoon.
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Canadian Dollar Gains with Crude Oil Prices, Japanese Yen May Rise
Japanese Yen trimmed gains following the FX flash crash on Apple revenue cuts. Canadian Dollar gained with crude oil prices. Will Caixin PMIs trigger more risk aversion as Yen gains?
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FX Price Action Setups in USD/JPY, GBP/JPY and USD/CAD
It's been a fairly intense start to 2018 already, and tomorrow brings Non-Farm Payrolls as a plethora of workable themes remain for traders.
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EUR/USD Initiates Bearish Series as Rebound Flops Ahead of November-High
EUR/USD initiates a series of lower highs & lows after failing to test the November-high (1.1500), with the Relative Strength Index (RSI) also flashing a bearish signal.
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USD/JPY Technical Analysis: 3 Year Pattern Complete?
The Elliott Wave chart pattern for USDJPY shows the three year triangle from 2015 may have completed today. If correct, this implies a very large rally in USDJPY and JPY crosses.
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USD/JPY Rate Forecast: RSI Sits in Oversold Zone Following Flash Crash
The 2018-low (104.63) remains on the radar for USD/JPY as the exchange rate carves a string of lower highs & lows, while the RSI sits in oversold territory.
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Gold’s Bullish Breakout Extends Advance amid Yen Flash Crash
Conditions that cater to a stronger Japanese Yen also help Gold prices rally.
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AUD/JPY Weekly Price Outlook: Aussie Plummets to Multi-Year Lows
AUD/JPY is pace to mark the largest weekly range since 2016 with price testing critical multi-year support. Here are the levels that matter on the AUD/JPY weekly chart.
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USDJPY: 27% Lower Net-Short Suggests Prices May Continue to Drop
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
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USD/CAD Price Outlook: Rally Stalls at Critical Resistance Zone
It’s decision time for the Loonie as price tests key resistance into the start of the year. Here are the targets & invalidation levels that matter on the USD/CAD charts.
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