AUD/USD Technical Price Outlook: Aussie Recovery Losing Steam

A rally of more-than 6.6% off the monthly low takes Aussie just below technical resistance. Here are the targets & invalidation levels that matter on the AUD/USD charts


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Risk Assets Rejoice on New Trade Talk Hopes and Strong US Manufacturing Despite Weak Consumer Sentiment

Dow Jones and US Dollar jump to session highs as China may offer a path to eliminate its trade balance with the US in the most recent trade war development.


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USD/JPY Extends Flash-Crash Rebound, RSI Threatens Bearish Formation

The recent series of higher highs & lows in USD/JPY raises the risk for a larger correction as the exchange rate breaks out of a narrow range.


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DXY Index Inside Day Forming as Risk Appetite Improves, Gold Slips

Across asset classes, including FX, investor demand for high yielding, risk-correlated assets continues to build.


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GBP Rejects 1.30, EUR Looks to ECB, Trade War Optimism Returns - US Market Open

With the US set to have an elongated weekend with MLK day on Monday, price action in major G10 currencies has been somewhat calmer with little short-term drivers for now.


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Charts for Next Week: EUR/USD, USD/CAD, Gold Price & More

The Euro is working on carving an intermediate-term pattern, USD/CAD short-term bearish set-up, and gold on the move out of triangle.


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Lackluster Canada Consumer Price Index (CPI) to Curb USD/CAD Losses

Updates to Canada’s Consumer Price Index (CPI) may do little to alter the near-term outlook for USD/CAD as the reading is expected to hold steady at 1.7%.


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DAX 30 & CAC 40 Charts: Trying to Push Towards New Levels of Resistance

Eurozone equities continue to press higher as are other global markets despite resistance levels, this may have another set of levels in focus with continued strength.


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USDJPY Price Nudges Higher as US-China Trade Tensions Cool For Now

USDJPY has retraced around 50% of the recent three-month sell-off aided by mildly positive US-China trade chatter.


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Gold Price: Potential Upside Breakout if Support Holds

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AUDUSD Outlook: US-China Trade War Nearing the End

Overnight, equity markets and high beta currencies (AUD, NZD) initially rose on the back of reports from WSJ, suggesting that the US may consider a tariff rollback.


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What is a Pip? Using Pips in Forex Trading

A pip is the unit of measure for movements in the forex market. Learn how to identify a pip across different currency pairs.


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GBPAUD: Long Bias on Minor Retrace

An alternative Ashes clash with an out of favor Australia dollar up against a resurgent Sterling as Brexit fears are gently priced-out.


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US Dollar May Rise as Data Shows Consumers’ Mood Has Darkened

The US Dollar may rise, finding support in haven demand as data from the University of Michigan shows consumers’ mood darkened in January.


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Can Crude Oil Prices Keep Rising as China Slows? Brexit, ECB Eyed

Crude oil price gains slowed despite OPEC output cuts. The commodity is at risk to slowing Chinese GDP. With US in shutdown, oil eyes Brexit news and ECB for sentiment-linked moves.


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Will NOK Find Lifeline in New Norway Government?

Will NOK’s projected downward movement in 2019 be reduced by the newly established conservative majority government in Norway?


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Gold Prices Unable to Capitalize on US Dollar Pullback

Gold prices are struggling for direction as the US Dollar shows itself to be the more explicit risk-off asset, trading inversely of Treasury bond yields.


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SEK Traders Now Turning Heads Away from Riksdag to Riksbank?

With the end of the gridlock in sight, SEK traders will now have to worry less about the political risk in Sweden and can divert their full attention to the Riksbank’s policy.


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EUR/USD Technical Analysis: Euro Sellers Take Aim at Key Support

The Euro has slumped back toward key support after failing to make good on an upside range break. Clearing this hurdle may mark long-term downtrend resumption.


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US Rolling Back Tariffs Rumor May Fuel Risk Aversion in Asia Trade

Stocks, foreign exchange markets went for a wild ride on rumors of US rolling back Chinese tariffs. Ensuing disappointment may fuel risk aversion next as S&P 500 futures point lower.


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