Thursday, 21 February 2019

BRL in for Roller Coaster Ride as Pension Reform Faces Congress

The Brazilian Real and other local assets will likely be moving in tandem with developments on Bolsonaro’s bold pension reform plan.


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New Zealand Dollar Sinks as RBNZ Deputy Governor Hints at Rate Cut

The New Zealand Dollar plunged after RBNZ Deputy Governor Geoff Bascand said proposals to increase bank capital requirements may result in a rate cut.


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EUR/GBP Technical Analysis: Preparing for a Reversal Higher?

EUR/GBP may struggle achieving more declines as warning signs show that its next move could be higher. Next week’s trajectory could be set by the end of Friday’s trading session.


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Recession Fears Rise, Trade War Negotiation Continue, Markets Start to Slip

A host of fundamental themes – including trade wars and fears of recession – continue to prod global markets, but commitment to fear or greed is still out of reach. Can we find a trend before next week’s overwhelming data run?


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EUR/USD Eyeing German GDP, Eurozone CPI, EU-US Trade Conflict?

EUR/USD might be vulnerable to underperforming German GDP with the risk of an EU-US trade conflict mounting after Trump received a key auto report earlier this week.


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Risk Aversion Led Wall Street Lower as USD Rose, ASX 200 May Fall

China’s Port of Dalian banning Australian coal imports seemed to trigger risk aversion which was amplified by soft US durable goods orders as AUD/USD fell. The ASX 200 may reverse lower.


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EUR/USD Rate Risks Larger Rebound Following Failed Tests of 2018-Low

The failed attempt to test the 2018-low (1.1216) may foster a larger rebound in EUR/USD even though the ECB remains in no rush to remove the zero-interest rate policy (ZIRP).


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Near-term Trade Setups in EUR/USD and AUD/USD

An update on near-term trade setups we've been tracking in EUR/USD and AUD/USD. These are the targets and invalidation levels that matter this week.


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USD/CAD Rate Fails to Test 200-Day SMA Following FOMC Minutes

USD/CAD holds a narrow range following the FOMC Minutes, with Canada’s Retail Sales report in focus as household spending is expected to contract another 0.3% in December.


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Gold Price Technical Outlook: XAU/USD Rejected at Resistance

Gold prices remain vulnerable near-term after reversing more-than 1% from the monthly high. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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US Dollar Selloff Hits Pause as Back-to-Back Dojis Materialize

American and Chinese negotiations are meeting in Washington, D.C. for the seventh round of trade talks.


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Types of Forex Orders

Learn the 4 main types of FX orders used in trading and how to apply them to your strategy.


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USD Dented, AUD Slammed on China Tensions - US Market Open

The greenback is marginally softer across the board. AUD slammed on rising China tensions, while GBP sees choppy trade amid conflicting Brexit headlines.


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ECB Minutes Show Policymakers Considering Fresh Stimulus, EURUSD Holds Steady

The ECB meeting minutes showed that policymakers took a more cautious view on the Eurozone economy given the persistently soft economic data.


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FTSE 100 Rally Blocked by Sterling Strength and Heavyweight Technicals

The FTSE 100 is struggling to push higher despite a bout of risk-on sentiment. A strong British Pound, driven by positive Brexit sentiment, and important technical levels continue to hold sway.


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Australian Dollar Price Stabilizes After Tumble on China Port Coal Ban

AUDUSD has steadied in Europe after sharp falls in Asia on a report that China’s Dalian port has banned imports of Australian coal.


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AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

AUDUSD stabilizing around 0.71 after excessive drop overnight. Crucial support keeps AUDNZD afloat.


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Hawkish vs Dovish: How Monetary Policy Affects FX Trading

Learn the difference between a hawkish and dovish monetary policy, and how it affects currencies.


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AUDUSD & AUDNZD Poised to Resume Lower Soon

AUDUSD is showing a short-term bearish sequence within the context of its longer-term downtrend while AUDNZD is rejected from former support.


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GBP Price Outlook: Bulls Defiant in Face of Brexit, Possible Fitch Downgrade

The British Pound continues to brush aside a lack of progress on Brexit, and even a potential downgrade of the UK’s credit rating, suggesting underlying strength in GBPUSD.


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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...