The opening range for 2019 raises the risk for a larger rebound in AUD/USD as both price and the RSI break out of the bearish formations from December.
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Monday, 7 January 2019
Gold: Net Long Positions Continue to Decrease
Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.
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USDJPY: Traders Remain Net-Long
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.
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GBPUSD: Traders Remain Net-Long
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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S&P 500 Sentiment Suggests a Mixed Bias
The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.
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Bitcoin: Traders Remain Net-Long
Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
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EUR/USD Net ShortTraders May Push Prices Higher
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.
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Near-term Trade Setups in USD/CAD and AUD/USD
An update on near-term trade setups we've been tracking in USD/CAD and AUD/USD. These are the targets and invalidation levels that matter this week.
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S&P 500 Kisses Trend Line, USDJPY May Have Started Multi-Year Rally
Though SP 500 has rallied, it has merely reached the underside of a broken trend line. The spike low on USDJPY may initiate a multi-year rally.
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FX Week Ahead: FOMC Minutes, BOC Rate Decision, December US CPI
The first full week of 2019 sees a bit more activity on the calendar, although ‘gamechangers’ are few and far between.
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Gold Prices Pare Post-NFP Losses, RSI Clings to Bullish Formation
Gold prices may continue to catch a bid over the coming days as the Relative Strength Index (RSI) clings to the bullish formation carried over from November.
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Weekly Trade Levels for DXY, EUR/USD, AUD/USD, Gold, Crude & More
Webinar highlighting active setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter into the start of the year.
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Sterling (GBP) Week Ahead: Brexit Handcuffs Sterling | Webinar
Brexit returns to the headlines with PM May’s contentious Brexit bill heading for a vote in Parliament on Tuesday next week. And, as it stands, it is unlikely to pass.
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US ISM Services Index Misses Expectations in December
The December 2018 Non-Manufacturing PMI drops nearly 6 percent as growth in supplier deliveries, inventory buildup and order backlogs fades.
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US Dollar Threatens Two-Month Lows as EUR/USD Tests Key Resistance
The US Dollar is fast-approaching the two month low, but the big question for this week is whether US equity bulls can hold the line of higher-low support for continued recovery.
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EUR Eyes 1.15, GBP Volatility to Return - US Market Open
The Euro is among the best performers amid softer USD and narrowing US/DE rate differentials, while GBP volatility is set to return as Brexit headlines pick up.
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CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY
USDCAD continues to head lower, eyes on the 1.32 handle. EURCAD looks to make a test 200DMA. CADJPY remains bearish despite recovery from flash crash lows.
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Sterling (GBP) Latest: Brexit Vote Confirmed; PM Warns of No-Deal Danger
The UK government has confirmed that MPs will vote on the PM May’s Brexit bill on Tuesday, January 15, and that means increased short-term GBP volatility.
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Key Global Elections to Watch Out For in 2019
As pollical uncertainty remains rife in financial markets. Investors will be placing a keen eye on several key elections that will take place in 2019.
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Crude Oil Price Likely to Push Higher on US - China Trade Hopes
Trade negotiations between the US and China are expected to commence today and financial markets are starting to price-in a positive outcome. And that could be good news for oil bulls.
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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 -...