Tuesday, 8 January 2019

DXY Index Maintains Range as Markets Await US-China Trade Negotiations

In lieu of significant economic data, traders are watching for headlines regarding the US-China trade negotiations in Beijing.


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AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

AUDUSD to find challenges ahead before 0.72 test, AUDJPY recovery may be short-lived, while AUDNZD is looking to break key resistance for a 1.07 retest.


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Market Sentiment Less Negative, Trader Confidence Rises | Webinar

Trading sentiment remains poor but there are early signs that confidence in the financial markets is beginning to return.


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Technical Outlook for the USD Index, EUR/USD, Gold Price & More

The DXY is rolling over and with it the Euro is on the verge of a breakout, gold extended but to maintain a bid with the help of slope support and the Dollar.


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EUR/USD Long-term Volatility Chart Suggests a Big Move is Coming

For a year volatility of volatility has been contracting, suggesting the Euro is about to go on the move in the not-too-distant future.


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Technical Forecast for Gold; US Dollar Leans on Important Support

Gold continues to baulk at the $1,300/oz. level and may move back towards Fibonacci retracement before attempting to make the next leg higher.


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USDCAD Price Tumbling as Canadian Dollar Benefits From Rising Oil Prices

The Canadian Dollar price is rebounding strongly on higher oil prices and talk that the Bank of Canada may hint this week at still higher interest rates.


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Brexit Latest: EU ’No Negotiation’ Talk Dampens Sterling (GBP)

The UK government continues to seek further concessions from the EU on the Irish backstop, but all requests are currently being met with a resounding ‘Non’.


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EURUSD Analysis: Crucial Support in Focus, Germany at Risk of Recession

German data continues to deteriorate with industrial production figures falling sharply, raising the risk that Germany is heading for a technical recession.


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Monday, 7 January 2019

US, China Trade Talks and World Bank Outlook May Rattle Markets

Financial markets may be rattled as the US and China struggle to make progress on trade war de-escalation while the World Bank warns of slowing global growth.


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Are the Glory Days of Foreign Exchange Intervention in the Past?

Last week’s brief USD/JPY collapse saw the ‘I word’ flashed around social media. In truth the Bank of Japan was never very likely to step in to knock its currency back down


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EURUSD, S&P 500, Oil - A Principle Reversal Ingredient

Reversals are infrequent occurrences in the market, but they are among traders most frequent pursuits. And while ’V-tops’ would be ideal, head-and-shoulders patterns are more practical. Yet, what are the most important factors in these popular patterns?


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Asia Stocks Mostly Rise, Nikkei 225 Still Stuck Under Resistance

Most Asia Pacific stocks echoed Wall Street and the S&P 500 higher. Nikkei 225 rallied but resistance is preventing a takeoff. Markets are still awaiting US China trade talk updates.


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Gold Price Chart Hints at Top Before FOMC Minutes, Powell Speech

Gold prices failed to sustain another foray to the upside yesterday, with the chart setup now warning that a top may be forming before critical event risk hits the wires.


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A Dollar Reversal Not Universally Staged and S&P 500’s Difficult Path

US equities have extended Friday’s tentative break back above a technically-loaded pivot point, but the fundamentals are unmistakably uneven. Meanwhile, the Dollar is on the cusp of a reversal without heavy winds to rely upon.


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EUR/USD Technical Analysis: Choppy Range Belies Bearish Bias

The Euro has been mired in a choppy range below 1.15 against the US Dollar for nearly two months but overall positioning still points to a firmly bearish bias.


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Will EUR/CAD Short Be Triggered after Bearish Technical Signals?

A top trading opportunity of mine in 2019 is short EUR/CAD, I am looking to sell amidst technical bearish signs. If a rebound to 1.5276 occurs, optimal risk-reward would trigger a sell.


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USD/BRL Bearish Reversal Pattern on Edge of Confirmation

USD/BRL looks to be on the verge of completing a bearish Head and Shoulders reversal pattern. Waiting for a daily close below the neckline range to confirm downward momentum might be prudent.


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AUD/USD Dips on Trade Balance, Eyes Stocks and US-China Talks

AUD/USD declined on dismal trade balance data for November, but prices may rebound on an upbeat market mood and renewed US-China trade talks.


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Upbeat US China Trade Talk News May Extend Japanese Yen Selloff

Upbeat US China trade talk news boosted the S&P 500 amidst comments from Wilbur Ross. Anti-risk Japanese Yen weakened as AUD/USD prices pushed higher, more of the same may be ahead.


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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...