The Euro broke support on Thursday with the help of the ECB but was reversed on Friday casting a shadow on the bear-flag breakdown.
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Saturday, 26 January 2019
Gold Weekly Technical Outlook: Price Rally Testing Trend Resistance
Gold is testing critical down-trend resistance and we’re looking to validate a possible breakout. Here are the levels that matter on the XAU/USD weekly chart.
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Gold Prices Eye Fed Rate Decision and US-China Trade Talks Next
After Gold’s sharp rally on Friday, price rests at a crucial inflection point ahead of the Fed rate decision and US-China trade talks.
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Dollar Ends Week With Its Worst Drop in 4 Months, Still Not a Break
The Dollar was shaken out of its stasis at the end of the past week with a sharp rally on Thursday and larger tumble Friday. Despite the late fireworks, a broader range still holds. Will we finally break free this week?
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US Dollar Torn Between Domestic Strength, Global Headwinds
The US Dollar may be torn between signs of economic resilience domestically and worrying developments abroad. Another round of trade war negotiations is a wild card.
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Friday, 25 January 2019
Sterling (GBP) Weekly Technical Outlook: Preparing For Further Upside?
A good week for Sterling bulls with gains across most GBP-FX pairs. The technical outlook remains positive despite the light sell-off into the weekend.
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GBP Fundamental Forecast: Positive Backdrop, Bullish Outlook
Sterling is coming off its weekly highs heading into the weekend, but the outlook for a reinvigorated British Pound remains bullish.
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Shutdown End Lacks SPX Lift, EURUSD and GBPUSD Geared for GDP, Brexit Vote, Fed
We ended this week with a few high profile fundamental updates and unexpected volatility from certain market benchmarks. Next week, the laundry list of event risk is long. Will it lead to a proportional level of volatility?
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Crude Oil Forecast: Prices May Continue Climb on GDP Growth Recovery Bets
Factors that dragged global growth forecasts lower could subside which has potential to rejuvenate the world economy and oil demand.
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Crude Oil Forecast: Prices May Continue Climb on GDP Growth Recovery Bets
Factors that dragged global growth forecasts lower could subside which has potential to rejuvenate the world economy and oil demand.
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Crude Oil Forecast: Sharp Rebound Appears Set To Continue
The crude oil price has risen nearly 30% from the late December low, and the pace of the jump with the volatile fundamental background may continue to support further gains toward the lower $60s.
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Global Growth May Be Cooling, But Bulls Remain | Podcast
Despite a slew of worrisome headlines to close out 2018, 2019 has come into view with a decelerating growth story that hasn’t worried bulls all the much.
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AUD/USD, EUR/AUD, AUD/JPY Chart Support and Resistance Reinforced
Aside from GBP/AUD, the Australian Dollar ended the week mostly little changed against its major peers. AUD/USD, EUR/AUD and AUD/JPY support and resistance areas were reinforced.
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Trump to Pause Government Shutdown, Stocks and USD in Disbelief
President Trump caves on border funding demand after furloughed employee protest put pressure on politicians to reach bipartisan stopgap agreement.
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Foundations of Technical Analysis: Separating Observations from Noise
Using technicals to see through the fog of news and headlines. A review of our technical approach and examples that illustrate our trading methodology in practice.
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EURUSD Recovers Post ECB, GBPUSD Pulls Off Best Levels
EURUSD recovers to hover in 1.13-1.15 range, GBPUSD pulls off best levels, USD softens against major counterparts.
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Brexit Latest: EURGBP Price Set to Break Lower Charts Suggest
EURGBP is currently bouncing off a 20-month low but the relief rally may be short-lived as contrasting forces combine to push the pair even lower.
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Charts for Next Week: EUR/USD, GBP/JPY, Gold Price, Dow Jones & More
The Euro is positioned for more weakness, GBP/JPY at confluent resistance, gold price trying to hold support, while the Dow Jones eyes an important resistance zone.
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Technical Outlook for the S&P 500, Dow Jones, and Nasdaq 100
Momentum in the stock market has slowed in recent sessions, but yet to show signs it wants to turn down with any kind of major force; levels to watch just ahead.
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GBPUSD Analysis: Bullish Momentum Building as No-Deal Brexit Risks Recede
GBPUSD rises overnight amid reports suggesting DUP Party is said to back Theresa May’s Plan B Brexit if it includes time limit to Irish backstop.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....