Thursday, 17 January 2019

No News is Good News for the US Dollar; Pound Edges Higher

The US economy was starting to slow at the end of Q4’18, and the government shutdown is doing no favors for growth momentum.


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GBP Jumps on 2nd Referendum Hint, Oil Drops Amid OPEC Report - US Market Open

Safe haven demand is supporting the Japanese Yen this morning, which outperforms vs G10 currencies. GBP Jumps as Jeremy Corbyn hints at second referendum.


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Fundamental vs Technical Analysis: Which is Better at Predicting Market Prices?

Some market forecasters swear by technical analysis; others look only at the fundamentals. So which are better at anticipating future asset-price movements?


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Fundamental vs Technical Analysis: Which is Better at Predicting Market Prices?

Some market forecasters swear by technical analysis; others look only at the fundamentals. So which are better at anticipating future asset-price movements?


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Brexit Latest: ’Hundreds of Thousands of Jobs’ at Risk - German BDI

The influential German industry body, BDI, has warned that a Hard Brexit would jeopardize hundreds of thousands of jobs in Germany and the UK.


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Gold Price Analysis: Bullish Breakout on Horizon Amid Golden Cross

Consolidation has been the trade for Gold since the beginning of the year, with prices continuing to oscillate between $1280 and $1295. However, bullish breakout is on the horizon.


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EURGBP Price: Close to Support, Rally Now Possible

The EURGBP cross remains in a downward trend but is well placed to rally after touching its lowest level since late November last year.


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FTSE Chart Analysis – Pressure on for Now, Watch for Higher Low

The recent reversal around resistance keeps a lid on the FTSE for now but a higher low may soon form; headlines are an obvious risk factor to be mindful of.


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EURUSD Price May Fall Further as Inflation Remains Low

EURUSD is likely to come under further selling pressure before and after the latest Euro Zone inflation release, which is expected to show price pressure remaining weak.


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Wednesday, 16 January 2019

Yen, US Dollar Rise as Market Mood Sours Despite China Stimulus

The anti-risk Japanese Yen and US Dollar rose as a burst of monetary stimulus from China failed to allay global slowdown fears. More of the same looks likely ahead.


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SEK to Jump on Friday’s PM Vote: Gridlock Breakthrough in Sight?

SEK may rise on Friday following a prime ministerial vote on Stefan Lofven, who has possibly secured sufficient support to survive the vote in the Riksdag after months of gridlock.


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European, US Stocks Brace as S&P 500 Futures Weaken in Asia Trade

Nikkei 225 declines seemed to capture most of the pessimistic mood in markets following the charges against Huawei. S&P 500 futures decline, hinting more FX risk aversion to come.


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Crude Oil Prices at Risk on Mounting Global Slowdown Worries

Crude oil prices may be pressured lower amid growing worries about headwinds menacing global growth as the US government shutdown and trade war with China continue.


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EUR/GBP Technical Analysis: New Downtrend Faces Chart Support

The Euro is quickly losing ground against the British Pound after a rising support line was breached, EUR/GBP faces its next test to extend its new downtrend to November 2018 lows.


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Jeremy Wagner, CEWA-M Gives you Insight on Advanced Technical Analysis

Elliott wave specialist, Jeremy Wagner, shares his early trading experience and insight into Elliott wave theory in this podcast interview


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S&P 500 Returns to its Critical Break Point, Pound Steady Through Second Vote

The S&P 500 and Dow are moving back up to the levels that triggered the critical bearish breakdown for both over a month ago. Will themes like the shutdown and trade wars offer a cue or perhaps Netflix earnings can step up?


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Brazilian Real Bulls Eyeing Economic Activity Data - What’s Ahead?

BRL bulls will be eyeing this week’s economic activity report to gauge the country’s economic strength. This is particularly important given the new government’s ambitious reforms.


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S&P 500 May Reverse, Concerning Huawei News Can Fuel Risk Aversion

The Australian, New Zealand Dollars fell with the FTSE 100 in the aftermath of the Brexit deal vote. Latest Huawei news might have set the S&P 500 for reversal, Asia stocks at risk.


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Gold Price Technical Outlook: Targets for Pending XAU/USD Breakout

Gold prices are poised to breakout of a multi-week consolidation range. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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USD/JPY Flash-Crash Rebound Fuels Expansion in Retail Short Exposure

The USD/JPY flash-crash rebound appears to be spurring a shift in retail interest, with the recovery in the exchange rate fueling a jump in net-short exposure.


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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...