FX Setups for the Week of February 25, 2019

The US Dollar's February up-trend softened this week, and with Chair Powell set for two days of testimony next week, USD will remain in the spotlight.


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Australian Dollar Weekly Price Outlook: AUD/USD Recovery Vulnerable

Aussie is poised to post a weekly doji just above yearly open support- is the recovery still viable? Here are the levels that matter on the AUD/USD weekly chart.


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USD/JPY Rate Forecast: RSI at Risk of Flashing Bearish Signal

The failed attempts to test the 200-Day SMA (111.30) raises the risk for a larger USD/JPY pullback as the bullish momentum appears to be abating.


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EURUSD Range, USDJPY Strength in Focus for Next Week Ahead of Powell

USD buyers came back after this week's release of FOMC minutes from the January meeting; but that push has fallen flat, setting the stage for Chair Powell next week.


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US Dollar Bounce at Support Keeps Near-term Outlook ’Neutral’

Both Brexit and the US-China trade negotiations have key deadlines that could be pushed back as deals have yet to materialize.


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Crude Oil Extends Rally, GBPUSD Undeperforms , USD Eyes Fed Speak - US Market Open

Brent crude futures continues to edge higher as Saudi jawboning continues to take precedent over rising US oil supply.


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Charts for Next Week: EURUSD, AUDUSD, Gold Price & More

The Euro looks like it could be turning down soon while AUDUSD looks to continue yesterday's sell-off; gold too could be headed for trouble with a weekly key-reversal in sight.


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Gold Price Consolidates Further, Chart Remains Positive

Gold continues to nudge lower after hitting a fresh 10-month high on Wednesday. The current fall may have room to extend further but overall the Gold chart remains positive, for now.


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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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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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