European Commission Cuts Eurozone Growth Forecasts, EUR Sliding

The European Commission has cut its forecast for Eurozone GDP growth this year to 1.3% from 1.9% in a report that will do nothing to halt the current weakness of EURUSD.


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Brexit Latest: Sterling (GBP) Struggles as PM May Heads to Brussels

UK PM Theresa May heads to Brussels for meetings with European Commission President Juncker and European Council President Tusk with the laters ‘Hellish’ comments still reverberating.


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EURUSD Price: Bearish Bias Remains as US Dollar Bulls Run

EURUSD continues to move lower on Euro weakness/US dollar strength double. And there could be more trouble ahead with the release of the European Economic Forecasts later this morning.


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Pound May Fall as Yen Gains on Downbeat BOE, EU Projections

The British Pound may fall alongside commodity bloc currencies while the Yen and US Dollar rise as downbeat BOE and EU forecasts unnerve markets.


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Asia Stocks Mixed as Nikkei 225 Stalled at Resistance Before BoE

Asia stocks traded mixed as the Nikkei 225 appeared to be on the verge of reversing to the downside. Ahead, sentiment may sour if Bank of England underscores global growth fears.


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S&P 500 Has a Technical Stall, Dollar Accelerates and Pound Readies for BOE Decision

The S&P 500’s climb has produced an inside day on very thin volume. We shouldn’t call a turn, but it is something for which we should remain vigilant. Event risk is building these next 24 hours with the BOE decision topping the list.


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EUR/USD Eyeing German Industrial Production, Gloomy Presentiments

The Euro will be closely watching German Industrial Production after Factory Orders substantially fell short of expectations. Movements in European bond markets are reflecting broader risk.


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Number One Spark for a Dollar Bullish Resurgence

Fading growth forecasts, a drop in Fed rate projections and blowback from anti-trade policies pose a general threat to the US Dollar. Yet, there is one, increasingly probable scenario that stands as a possible amplifier for serious rally.


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Japanese Yen Technical Analysis: USD/JPY Bulls Lack Conviction

The Japanese Yen has slipped a little against the US Dollar in the past week but its old range hasn’t been conclusively abandoned quite yet.


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Crude Oil Prices at Risk if BOE, EU Forecasts Feed Growth Fears

Crude oil prices may fall as updated forecasts from the Bank of England and the European Commission stoke global slowdown fears, curbing investors’ risk appetite.


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Battered AUD/USD Slips Little Further On More NAB Business Gloom

The Australian Dollar has already been floored this week and it didn’t slide much further as the NAB quarterly survey revealed that the old year ended in gloom for Australia Inc.


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AUD/USD and NZD/USD Sink Through Support. USD Eyes Jerome Powell

The S&P 500 halted its winning streak after poor German economic data, AUD/USD and NZD/USD had their worst days in years. The US Dollar eyes a speech from Fed Chair Jerome Powell.


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NZDUSD Collapses on Deplorable Jobs Data

The New Zealand Dollar is coming under pressure as employment numbers miss expectations.


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USDJPY: Prices May Continue to Fall

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


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Gold: 67.8% of Traders Are Net-Long

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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EURUSD Bullish Bias, Position Pending Resistance Breakthrough

EURUSD has faced months of congestion but a dovish shift from the Federal Reserve may serve to spur buying pressure for the Euro.


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GBPUSD: Sentiment Suggests Bearish Trading Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.


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EUR/USD Suggests a Bearish Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.


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Bitcoin Prices May Continue to Fall

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.


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GBP/USD: Cable Pullback Catches Support, but Can it Hold?

It’s been an interesting start to 2019 for the British Pound and already with a little over a month into the New Year, and a number of themes have shown around the currency.


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