Tuesday, 8 January 2019

Japanese Yen Technical Analysis: USDJPY Fightback Looks Uneasy

The Japanese Yen has slipped a little since its surge of last week but its major rivals have yet to convincingly overcome the weakness they showed then


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S&P 500 Climb Slows as Trade Wars Headlines Questioned, Dollar Avoids Break for Now

The Dollar has pulled back from the technical ledge as a laundry list of issues prevent the currency from seizing on a particular threat. Meanwhile, the S&P 500’s climb is slowing, and with it, risk appetite is slowing.


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Will the Brazilian Real be the Strongest EM Currency in 2019?

The Brazilian Real is set to outperform its emerging market peers in 2019. But how will it fare against the backdrop of trade wars, EM elections and tightening global credit conditions?


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S&P 500, Crude Oil Price Rally in the Hands of Trump & Trade Talks

The S&P 500 and crude oil prices are on their best winning streak since November and May 2018 respectively. Will a speech from Donald Trump and prolonged US China trade talks end that?


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World Bank Warns of ’Storm Clouds’ for Global Growth in 2019

The World Bank issued their semi-annual growth prospects for the world’s economies and found the case for sustained economic growth has weakened.


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FX Price Action Setups in EUR/USD, USD/JPY and USD/CHF

Recovery continues to show in the Yen and US equities, and a slate of drivers for the remainder of this week can serve to extend or bend these recent moves.


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Crude Oil Weekly Price Outlook: Eight-Day Rally Faces First Major Test

Oil has rallied every day in 2019 with the 17% advance looking to challenge the first major resistance hurdle. Here are the levels that matter on the WTI weekly chart.


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Active NZDCAD Short, CAD Strength to Retrace NZD’s Q4 Run

The pair has a very intriguing technical backdrop that should allow for some clear-cut price levels. However, fundamental developments could shift the landscape.


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Active NZDCAD Short, CAD Strength to Retrace NZD’s Q4 Run

The pair has a very intriguing technical backdrop that should allow for some clear-cut price levels. However, fundamental developments could shift the landscape.


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USD/JPY Rate Risks Larger Flash-Crash Correction on RSI Signal

USD/JPY may stage a larger correction following the currency market flash crash as the Relative Strength Index (RSI) bounces back from oversold territory.


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Dow Tests Key Resistance; US Dollar Holds Support at Two-Month Lows

The DJIA is pulling back after a test of the 50% marker of the December sell-off, and the US Dollar is holding support after yesterday's test of two-month lows.


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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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CAD Gains Cool Ahead of BoC, EURUSD Soft as Germany Heads for Recession - US Market Open

EURUSD is softer this morning in reaction to yet another soft reading out of Germany, CAD finds modest support amid the rise in oil prices.


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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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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...