Updates to Australia’s Employment report may fuel the AUD/USD advance from the monthly-low (0.7054) as the economy is expected to add another 15.0K jobs in January.
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Wednesday, 20 February 2019
GBPUSD: Cable Pulls Back From Fibonacci Resistance After FOMC Minutes
GBPUSD tested above 1.3100 earlier after a strong four-day push, but with USD strength showing up and a very uncertain backdrop around Brexit - can bulls maintain?
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Fed Minutes Offer Light on Dovish Shift, US Dollar Climbs
January’s Fed minutes offered valuable insight on the pace of future rate hikes and the state of the central bank’s balance sheet.
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Australian Dollar Price Outlook: AUD/USD Recovery Faces First Test
Aussie has rallied five of the past seven sessions with price now eyeing a key pivot zone. Here are the targets & invalidation levels that matter on the AUD/USD charts.
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Dow Marches to 26k as 2019 Rally Continues
US equities have continued to recover from the Q4 sell-off, and the Dow Jones Industrial Average is making a move back-towards the 26k psychological level.
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Crude Oil Price Climbs on Aramco Refinery Repair, Nigerian Cuts
Crude oil ticked higher Wednesday as Nigeria announced they may reduce production to raise oil prices and Saudi Aramco shutters a plant for repair.
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Gold Price Forecast: 2018-High on Radar Amid Overbought RSI Signal
Recent price action brings the 2018-high ($1366) on the radar for gold as the bullish momentum appears to be gathering pace.
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US Dollar Digs into Fibonacci Support as EURUSD Range Remains
The US Dollar pullback continues into mid-week with support showing at a key Fibonacci level, helping EURUSD continue a topside bounce in the multi-month range.
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DXY Index’s Bearish Engulfing Bars Weaken Outlook; FOMC Minutes Today
The US Dollar is trying to find footing amid a four day losing streak, punctuated by bearish outside engulfing bars in two of the past three days.
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What is Slippage? Slippage in Forex Explained
What is slippage in forex trading, and what causes it? Find out more about forex slippage and how to avoid it.
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ZAR Plunges, GBP Loses Ground, CAD Eyes BoC Risk - US Market Open
ZAR outlook remains weak with the currency down 8% in February, GBP loses shine as Conservative MPs quit. CAD looks to BoC Governor Poloz statement.
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DAX 30 & CAC 40 Charts: Resistance, Relative Weakness Remain Headwinds
The DAX is lagging behind other major global indices, both it and the CAC face resistance hurdles as the world's largest and strongest market could soon come under pressure.
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Euro Outlook: Watch Out for Political Hurdles
The Euro is trading broadly sideways against the US Dollar but traders should be wary of possible hazards ahead as political instability combines with slowing economic growth.
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Trading Outlook for S&P 500, DAX, Crude Oil, Gold & More
Big level coming up for the S&P 500 and gold, DAX already at one; how much further can crude oil extend its rally?
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US Dollar Weakness May Continue if FOMC Confirms Dovish Pivot
The latest set of minutes from the FOMC are likely to highlight that while the next move in interest rates is still fully data dependent, balance sheet tapering is possible.
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US Crude Oil Price: Uptrend Could Extend Further
The price of US crude oil has been climbing since late December last year and there are few signs yet that its rally is coming to an end.
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Gold Price Analysis: Crucial Resistance in Focus as Investors Eye FOMC Minutes
With gold prices up over 5% and trading at its highest level since April 2018 as global central banks take a more accommodative stance. Gold bulls now eye crucial resistance.
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Sterling (GBP) Price Nudges Lower But Chart Positive pre-FOMC
Sterling gives back some of Tuesday’s gains against the US dollar, but the underlying chart set-up remains positive – Brexit aside – ahead of the FOMC minutes.
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US Dollar May Rise as Skittish FOMC Minutes Sour Market Mood
The US Dollar may unexpectedly rise as a skittish tone in minutes from January’s FOMC meeting sours risk appetite and inspires safety-seeking capital flows.
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Tuesday, 19 February 2019
Asian Stocks Mixed, Focused On Trade. FOMC Minutes Approach
Regional markets traded in mixed fashion as investors awaited more headlines from the high-level trade negotiations taking place in Washington
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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