There are three types of market conditions: range, trend and breakout. We dynamically change through these states, but genuine transition happens infrequently. What is our state currently and what markets align to this status and which contradict it?
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Tuesday, 12 February 2019
Declines in USD/PHP, USD/MYR Undermined. USD/IDR May Extend Climb
The US Dollar may rise against the Indonesian Rupiah after a trend line was cleared. Declines USD/PHP and USD/MYR are undermined by fading downside momentum, warning of climbs ahead.
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S&P 500 Advances - Modestly - On Possible Trade War, Shutdown Breakthroughs
Should we be optimistic? There were reports this past session that the hard trade war cutoff date (March 1) was growing more flexible and a deal to avoid a shutdown may be at hand. Risk trends responded, but do they continue?
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SEK Eyeing Riksbank Rate Decision - Dovish Stance Expected
Swedish Krona traders will be closely watching the upcoming Riksbank rate decision and wait for key comments indicating whether the central bank will raise rates in 2019.
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AUD/USD Technical Analysis: Rebound May Offer Opening to Sell
An Australian Dollar bounce may present sellers with a trading opportunity once tangible evidence of upside exhaustion begin to emerge.
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NZD Spikes Despite Quite Dovish RBNZ. Rates Remain On Hold
The New Zealand Dollar got a lift despite the Reserve Bank of New Zealand leaving interest rates alone. The market was clearly expecting a more dovish performance.
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NZD/USD Support May Be Tested on RBNZ, Nikkei 225 Eyes Trend Line
Latest US-China trade news, government shutdown update bolsters equities as Nikkei 225 may clear resistance. NZD/USD fall stalled ahead of the RBNZ rate decision after support held.
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NZD/USD 2019 Rally Vulnerable to Dovish RBNZ Forward-Guidance
The Reserve Bank of New Zealand (RBNZ) meeting may do little to curb the weakness in NZD/USD as the central bank is expected to keep the cash rate at the record-low.
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Gold: Prompts a 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 Spot Gold-bearish contrarian trading bias.
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USDJPY: Sentiment Suggests Bullish Trading Bias
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.
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Top 3 Things for USD Traders to Watch the Rest of this Week
Don't miss the top 3 things USD currency traders will have their eyes on the rest of this week as they aim to gauge the currency's next direction.
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GBPUSD: 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 GBPUSD-bearish contrarian trading bias.
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EUR/USD Price Outlook: Euro Back Above 1.13 – Bull Trap or Breakout?
A near-term price recovery has taken Euro back above a key inflection zone- is a low in? Here are the targets & invalidation levels that matter on the EUR/USD charts.
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Post-NFP USD/JPY Rally Gathers Pace as U.S. Averts Another Shutdown
USD/JPY breaks out as the U.S. averts another government shutdown, with the exchange rate at risk of extending the flash-crash rebound as it initiates a bullish series.
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US Dollar Weekly Price Outlook: DXY Rally Faces Moment of Truth
The US Dollar Index is approaching price levels that could threaten the recent recovery at fresh yearly highs. Here are the levels that matter on the DXY weekly chart.
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Oil Prices Initiate Bullish Series Even as OPEC Warns of Waning Demand
Recent price action raises the risk for a larger rebound in crude even as OPEC warns of waning demand as oil prices initiate a series of higher highs & low.
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US Dollar Pulls Back from Fresh 2019 High as EUR/USD Tests Resistance
The US Dollar has set a fresh 2019 high a series of FOMC speakers combined with US data to be released in the coming days will keep that theme in the spotlight.
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US Dollar Breakout Runs into First Resistance; Gold Uptrend Intact
US Dollar strength is largely being driven by weakness coming from the European currencies.
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Using Margin in Forex Trading
Learn the importance of margin in forex trading. Explore common forex margin requirements and learn how to manage the risk involved.
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Crude Oil Surges on OPEC Jawboning, US May Avoid Another Government Shutdown - US Market Open
The USD has given back some of its recent gains, having failed to hold above the 97.00 handle, which in turn has provided a relief for major G10 currencies. Crude oil futures soar over 2%.
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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....