Friday, 8 February 2019

USD/CAD Risks Larger Advance on Lackluster Canada Employment Report

Updates to Canada’s Employment report may do little to curb the recent strength in USD/CAD as the economy is anticipated to add a meager 5.0K jobs in January.


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EURUSD Price: Nearing a Strong Support Zone

EURUSD continues to drift lower and is nearing 1.1300, a level that has provided robust support over the last three months.


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What is Leverage in Forex? Forex Leverage Explained

Learn about leverage in forex trading, with expert tips and examples on how it works and how to manage your risk.


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DAX 30 & CAC 40 Charts: Sellers Looking to Regain Control on Break from Resistance

The DAX and CAC are turning down from big spots on the weekly chart, working on breaking the upward trends off the December lows.


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EURJPY: Chart Starts to Break Down

EURJPY is pointing lower as fundamentals continue to weigh on the pair. Important support nears.


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AUD/USD Technical Analysis: Sellers Seek Bounce for a Trade Setup

The Australian Dollar may be resuming the downtrend against its US counterpart. Sellers might be looking for a near-term bounce to create a trading opportunity.


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Thursday, 7 February 2019

Euro May Fall with Commodity Currencies on Italian, French Data

The Euro may fall with commodity currencies like the Australian Dollar as soft data from Italy and France revives budget woes and amplifies risk aversion.


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Asian Stocks Wilt As US China Trade Fears Resurface, AUD Slides

Asia Pacific equity faced a tough end to the week as hopes for trade rapprochement between Washington and Beijing appeared to be premature


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EUR/GBP Technical Analysis: Will the Dominant Downtrend Resume?

The Euro is attempting to resume its dominant downtrend against the British Pound, but more closes to the downside in EUR/GBP are required before arguing that pair may reverse lower.


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Gold Prices May Rise as Bond Yields Drop in Risk-Off Trade

Gold prices may rise as bond yields decline amid souring sentiment across financial markets, boosting the appeal of non-interest-bearing assets.


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What to Expect from EURUSD Run, GBPUSD Stall and S&P 500 Correction Friday

Trade wars and global monetary policy are competing for the attention of the markets sparking equal parts speculation and fear. Caught up in the middle of it all are risk assets like the S&P 500 as well as key currencies like EURUSD and GBPUSD.


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AUD/USD Snaps Upward Trend as RBA Cuts Growth & Inflation Forecast

The AUD/USD flash-crash rebound may continue to unravel following the fresh updates from the RBA as both price and the RSI snap the upward trends from earlier this year.


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Australian Dollar Whacked By RBA Again. Growth, CPI Calls Slashed

The Australian Dollar was hit earlier this week by the RBA’s belated admission that record-low interest rates could yet fall. It’s just been clobbered again, by an arguably equally belated round of forecast cutting


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3 Things Currency Traders Need to Know - Asia Pacific Market Open

Sentiment soured across financial markets after the BoE rate decision, Brexit headlines and the latest US-China trade news. Nikkei 225, APAC equities and AUD/USD are at risk.


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FX Price Action Setups in USDCAD, USDJPY and EURJPY

It’s been a busy past week of price action for US Dollar bulls, as prices put in a consistent up-trend after putting in a higher-low last Thursday.


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Japanese Yen Weekly Price Outlook: Pending USD/JPY Range Break

Dollar is virtually unchanged vs the Japanese Yen a month into 2018 with price holding a well-defined range. Here are the levels that matter on the USD/JPY weekly chart.


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Oil Outlook Supported by Waning OPEC Output & Stagnant Non-OPEC Supply



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DXY Index Runs into Symmetrical Triangle Resistance and Rally Halts

The US Dollar’s week-long rally has run into its first obstacle, with key technical resistance constraining the DXY Index.


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Becoming a Better Trader – Rules to Trade By

In this webinar, I discussed a few important tenets and ideas that traders of any style can use to help develop their methodology and approach to markets.


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USD in Demand By Default, CAD Drops, GBP Short Coverered - US Market Open

The US Dollar continues to extend on its recent gains with the greenback. Softer oil prices and wider bond spreads have not boded well for CAD.


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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...