Friday, 22 February 2019

FTSE Technical Analysis – Price Resistance & 200-day MA Keeping Lid on Upside

The FTSE has stalled over the last week in a zone of resistance, moving lower into this zone not far above is the 200-day; drag expected to continue for the UK index.


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EURUSD Little Changed as German Slowdown Continues, Focus on ECB’s Draghi

EURUSD remains relatively stable, despite the softer IFO figures confirming the continued deterioration in the German economy.


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Technical Outlook: S&P 500, DAX

Key topside resistance in focus for the S&P 500 and DAX as signs of exhaustion raises scope for a near-term pullback.


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NZDCAD: Bearish Sentiment Remains in Place

NZDCAD has been stuck in a narrow range for most of 2019 but the bias remains for the pair to move lower.


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Thursday, 21 February 2019

Euro at Risk, Market Mood Hinges on Trump-Liu Metting Outcome

The Euro looks vulnerable as a deluge of event risk looms ahead. The overall market mood may hinge on the tone of US-China trade negotiations however.


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Asian Stocks Mixed After Wall St Slip. Rate Cut Hints Knock NZD

Domestic stock markets were a little fragile after a weak Wall St . lead. Trade talks between China and the US remain their main focus.


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Gold Prices May Fall as Risk Aversion, Fed Rethink Buoy US Dollar

Gold prices may fall, making good on bearish technical cues as haven demand and a rethink of the Fed policy outlook drive the US Dollar upward.


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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 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...