Wednesday, 6 February 2019

USDJPY Bearish Amid Repatriation Flows, Return to Flash Crash Levels



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GBPUSD Outlook: Sterling Makes Significant Shift to the Downside

The British Pound has broken decisively lower as weak economic data suggest the Bank of England will wait for Brexit developments before even considering a rate rise.


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Crude Oil Price Lower But Remains Range Bound

Crude oil edges lower but is now seemingly constrained within a one-month trading range which will need further stimulus for a breakout.


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Top 10 Candlestick Patterns To Trade the Markets

Learn the most reliable candlestick patterns for trading the financial markets, including examples, expert tips and more…


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FTSE Chart Analysis – Surge Pushes Price from One Level of Resistance to Another

The FTSE has rallied sharply in the past week, running through resistance levels with ease; how will the next zone be treated?


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EURUSD Price Breaking Lower After Further Bad Economic News

The Euro continues to slip lower across the board after another weak economic data release. And with fears also growing over Italy’s debt pile, the single currency may move lower still.


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Yen, US Dollar Rise as RBA Governor Lowe Spooks the Markets

The anti-risk Japanese Yen and US Dollar rose as ominous comments from RBA Governor Lowe spooked the markets. More of the same looks likely ahead.


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Top 10 Candlestick Patterns To Trade the Markets

Learn the most reliable candlestick patterns for trading the financial markets, including examples, expert tips and more...


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Tuesday, 5 February 2019

Gold Prices Eye Key Chart Support, Crude Oil Drops Before EIA Data

Gold prices are at a decisive technical juncture as sellers probe the bounds of the near-term uptrend. Crude oil prices fell before incoming EIA inventory flow data.


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Australian Dollar Clobbered By RBA Rethink, Asian Stocks Gain

The Australian Dollar was hit by its home Reserve Bank’s acknowledgement that rates may yet retreat from their current, record low point.


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S&P 500 Notches Fresh Two-Month High as VIX Drops, UN Issues Stark Trade War Warning

The markets continue to edge higher but enthusiasm is critically lacking in this crawl higher. Will warnings over trade wars from the UN or events like the upcoming Powell town hall spur market’s to action?


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US Dollar May Rise Versus the Malaysian Ringgit, Indonesian Rupiah

The US Dollar may be readying to climb against some of its ASEAN FX peers. Meanwhile the near-term uptrend in USD/SGD faces its next critical barriers as USD/PHP is back at square one.


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ASX 200 Technical Analysis: Gains Still Short Of Key Resistance

The ASX 200 had put in some impressive gains this week but it has yet to surmount key resistance and could probably use some time out before it can reliably do so.


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NZD/USD Technical Analysis: Double Top Forming Below 0.70?

New Zealand Dollar technical positioning hints prices may be carving out a double top below the 0.70 level against the currency’s US counterpart.


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EUR/USD Eyeing Germany Factory Orders as EU Slows, Risks Rise

EUR/USD may move on Germany’s Factory Orders data after the Eurozone’s largest economy narrowly missed a recession last year and major European economies sputter.


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UK PMI Miss Boosts Equities, AUD/USD May Rise Before Trump SOTU

UK PMI data sunk GBP/USD before the ‘Super Thursday’ BoE rate decision, stocks rose. RBA Governor Philip Lowe may boost AUD/USD, all eyes on Donald Trump’s State of the Union address.


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FX Price Action Setups in USD/JPY, AUD/USD and USD/CAD

Risk on has taken hold across equities, but many FX markets remain in some state of mean reversion. In this webinar, the US Dollar was the centerpiece.


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Canadian Dollar Price Outlook: USD/CAD Testing Key Trend Support

Price continues to trade within a descending channel with the decline eyeing slope support. Here are the targets & invalidation levels that matter on the USD/CAD charts.


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Gold Risks Larger Pullback as RSI Falls Back from Overbought Territory

Gold prices stand at risk for a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory.


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US Stocks Continue Advance Despite ISM Services Index Miss

The January ISM Non-Manufacturing Index missed expectations and showed the services sector performance declining for the second consecutive month.


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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...