The ASX 200 is close to the top of its near-term trading range and may yet top it. However, its monthly chart position is a lot more precarious
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Sunday, 6 January 2019
Japanese Yen Weekly Technical Forecast: Flash Crash May Have Been a Red Herring
The flash crash in JPY-crosses ahead of the Asian session open on Thursday ultimately resulted in some of the most significant reversals ever seen in the history of FX markets. Do they matter?
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Crude Oil Price Rebound May Struggle on US, China Trade War Fears
Crude oil prices may struggle to extend the recent recovery as tense talks between officials from the US and China cool hopes for trade war de-escalation.
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Powell Put Bets Sink USD. Yen May Fall, US China Trade Talks Eyed
Speculation of a ‘Powell Put’ reversed gains in the US Dollar after an impressive jobs report. Asia stocks may rise as Japanese Yen falls unless US China trade talks go wrong.
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Weekly Technical Forecast:Volatility is Picking Up Across the FX and Equity Markets, Prepare for Breaks
The start to a new trading year is typically a quiet affair for the markets. That isn’t the case heading into the first full-liquidity week of 2019. The high volatility for currencies, equities and other asset classes through the end of 2018 has clearly held firm into the opening days of the new year. Volatility raises the probabilities of technical breaks and trends; so be prepared.
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Gold Weekly Technical Outlook: Bulls Stopped Short Ahead of Key Level
Gold prices have posted a three-week winning streak with the advance stalling just ahead of key resistance. Here are the levels that matter on the XAU/USD weekly chart.
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Gold Q1 Fundamental Forecast: Price Likely to Continue 2018 Downtrend
Although Gold rallied amid rapid selloffs in equities in October and November, these were only minor recoveries.
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Saturday, 5 January 2019
Crude Oil: After Bull Flush Out, Bounce Likely In Play
Crude oil fell nearly 45% from the October high through December 24. The short side seems to be played out for now as focus turns to a tactical bounce.
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New Zealand Dollar Weekly Technical Forecast: NZDUSD to Continue Slide, NZDCAD Faces 2016 Resistance
The New Zealand Dollar looks likely to continue a slow decline versus the US and Canadian Dollars as nearby resistance threatens to overpower bulls.
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Stock Market Volatility Reflected in ETF Flows as Investors Brace for 2019
The recent volatility in the stock market has been reflected in fund flows from some of the largest exchange traded funds.
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Oil Q1 Fundamental Forecast: Crude to Continue Sliding with Flush Demand and Waning Supply
Despite an incredibly painful quarter for crude, the outlook remains bleak.
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Pound Sterling Q1 Fundamental Forecast: GBP Rudderless on Brexit Permutations
It remains to be seen if a Brexit deal is confirmed, but the risks of a sharply lower British Pound may be slowly receding.
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Dollar Preparing to Break from its Most Restrictive Range In Four Years
While we have seen some remarkable volatility for US equities and even specific currencies – like the Yen flash crash – these past few weeks, the Dollar continues to carve a restrained path. That is likely to end soon.
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Friday, 4 January 2019
Euro Q1 Fundamental Forecast: Missed Window of Opportunity at End of 2018 Portends Weak Start to 2019
For the Euro, being in a situation where political risks are cropping up while growth and inflation expectations are going down does not bode well for the future.
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GBPUSD Technical Outlook: 20-Month Spike Low May Be Re-Tested
GBPUSD hit a 20-month low around 1.2435 mid-week and with the 20- and 50-day moving averages bearing down on price action, another re-test of this low is likely.
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EUR/USD Weekly Technical Forecast: Euro Choppiness to End Soon
The Euro has been congested for weeks, but that is set to change soon; breakout seen as likely down in-line with trend but will wait for trend to develop first.
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Dollar, Oil, Loonie, S&P 500 - Reversal Candidates
In the hierarchy of market phases, the reversal is hands down the most lucrative for hungry traders. The suggestion of near-ideal timing and potential for the resultant trend draws throngs of hunters. But true turns are few and far between.
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An Attempted S&P 500 Reversal, Dollar Pressure and Volatility for the New Year
The S&P 500 ended this past week stoking a sense of hope among the despondent bulls with a break back above 2,520. Yet, is this a move of conviction or temporary pressure relief? And what will provoke the Dollar?
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Japanese Yen Q1 Forecast: Haven in a Very Uncertain World
2018 was a tumultuous year in financial markets. So it’s perhaps strange that the Japanese Yen should be ending it very close to where it started. And yet it is.
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AUD/USD, AUD/CAD & EUR/AUD Prices Eye Technical Reversal Patterns
After weakening in its final moments of 2018, the Australian Dollar may be getting ready to reverse course. AUD/USD may rise while EUR/AUD and AUD/CAD decline. Reversal patterns ample.
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