Thursday, 31 January 2019

Asian Stocks Mixed On Trade Hopes, Weak China Data. Payrolls Eyed

Local equity faced opposing forces as the week bowed out, with hopes for a US/China trade settlement pulling on way, and woeful Chinese manufacturing data the other


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NZD/USD Technical Analysis: Rally Fades, 18-Year Support at Risk

The New Zealand Dollar looks set to extend a Fed-inspired advance to challenge December’s swing top, with a break opening the door for a rise above the 0.70 figure.


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Crude Oil and Gold Prices May Retreat on Upbeat US Jobs, ISM Data

Crude oil and gold prices may retreat from recent highs if January’s US labor-market data and the manufacturing ISM gauge top analysts’ forecasts.


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How Much More Can S&P 500 Rise, USD Fall after Very Cautious Fed?

What does it mean for financial markets if the US economy maintains its healthy pace while external headwinds noted by the Fed abate? The S&P 500 may be running out of room to rally.


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USD/NOK Trading Outlook: Short Term Bearish, Long Term Bullish

The US Dollar has been falling relative to the Norwegian Krone which has pushed USD/NOK down close to the March support line. Long-term fundamentals suggest a possible rise in the pair.


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EUR/GBP Technical Analysis: January Losses May Be Trimmed Next

A bullish reversal pattern threatens to erase the downside progress EUR/GBP made. Resistance is eyed at 0.87637 while a rising support line may stop attempts to resume declines.


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AUD/USD Falls After China Caixin PMI Falls Short of Expectations

AUD/USD fell after China’s Caixin PMI undershot forecasts and was the fastest contraction since February 2016. Markets are eyeing trade war negotiations between Beijing and Washington.


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EUR/USD Down, US-China Trade Deal Pushed Back. ASX 200 May Fall

The Euro fell as Italy entered a technical recession, the Dow Jones declined as a US-China trade deal was delayed. Odds of a bearish reversal in the ASX 200 increases, AUD/USD at risk.


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Amazon Stock Price Edges Lower After Earnings Beat, Forecasts Miss

E-commerce leader Amazon reported their quarterly earnings Thursday after the close, surprising investors with a beat. Amazon shares saw mixed trading in after-hours.


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AUD/USD Flash-Crash Rebound Eyes December-High Ahead of RBA

The AUD/USD flash-crash rebound appears to be on track to test the December-high (0.7394) as the Relative Strength Index (RSI) breaks out of the bearish formation from late-2018.


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EUR/USD Price Outlook: Euro Fails at 1.15 - Levels to Know for NFP

Euro is poised to snap a four-day winning streak with price threatening a near-term pullback. Here are the targets & invalidation levels that matter on the EUR/USD charts.


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After FOMC, US Dollar Holds Losses While Gold, Japanese Yen Outperform

It’s unusual for Gold, the Japanese Yen, and stocks to all be moving in the same direction.


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USD/CAD Bear-Flag Continues to Unfold as Fed Drops Hawkish Guidance

USD/CAD stands at risk for a larger correction following the Federal Reserve meeting as a bear-flag formation unfolds.


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EURUSD Curbed at Resistance, NFP Unlikely to Spark Volatility - US Market Open

USD is softer, alongside US yields following yesterday’s dovish FOMC meeting. The wait-and-see stance is in effect with the Powell and Co. signalling that they will be patient with rate hikes.


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US Crude Oil Price Benefiting From Venezuela Crisis, Stockpiles Data

Crude oil prices look to be heading higher on the US sanctions imposed on Venezuela’s state-owned oil company PDVSA and data showing a smaller than expected rise in US oil inventories.


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Gold Price Analysis: Fed Capitulation & Central Bank Buying Spree Maintains Bullish Outlook

The Federal Reserve doves have been set free following yesterday’s rate decision and Powell’s presser. Gold prices pushed higher, hitting highs of $1323 following the decision.


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Euro Eases Gently After Poor Eurozone GDP Data, Italy in Recession

EURUSD and the Euro cross rates are being driven principally by events in the US and Brexit but they still eased after another indication that the Eurozone economy is growing only slowly.


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GBPUSD Analysis: Bullish ’Golden Cross’ Taking Shape

A closely-followed bullish technical indicator is in the process of forming on the daily GBPUSD chart, suggesting higher prices lie ahead.


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Italy Enters a Technical Recession, EUR/USD Recovery Halted

As Italy’s Q4 GDP figures confirm it has entered in to a technical recession, weaker economic data from the Eurozone adds to the ongoing concerns about a slowdown in growth around the world.


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Trading Lessons All Traders Should Know - Alessio Rastani | Podcast

Alessio Rastani talks with Senior Analyst, Tyler Yell about bitcoin, technical analysis and the biggest lesson traders should know.


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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...