Saturday, 23 February 2019

EURUSD Weekly Technical Forecast: Euro to Weaken in Days Ahead

After bouncing, trend, levels, and price action suggest the Euro will weaken again in the sessions to come.


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Gold Prices May Be Readying to Reverse 6-Month Dominant Uptrend

Gold’s attempt to clear resistance fell short and created multiple bearish reversal warning signs. The risks seem tilted to the downside and the 6-month dominant uptrend is vulnerable.


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Gold Price Rally May Stall on a Trade War Resolution

Gold’s recent rally may stall should the US-China trade war reach an end as significant headwinds for global growth are lifted and risk is taken off the table.


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Dollar Faces Volatility Potential but Breakout and Trends are Still Far Reach

There is a high probability of volatility for the global financial markets and across FX this week, but will the jump in activity translate into a meaningful break for the US Dollar?


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US Dollar Eyes Powell Speech, US-China Trade Talks, Data Deluge

The US Dollar faces what looks like a perfect storm of fundamental event risk as testimony from Fed Chair Powell, key data and US-China trade talks compete for attention.


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Sterling Weekly Technical Outlook: Selling Off Into Support

A week of two-halves with Sterling pushing higher in the first-half, before selling off reasonably sharply as the week draws to a close. Support levels may soon be tested.


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GBP Fundamental Forecast: Sterling Refuses to Believe in No Deal Brexit

The British Pound is ending the week in positive territory, although off its best levels, as GBP continues to nudge higher on expectations that a No Deal Brexit will be taken off the negotiating table.


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Friday, 22 February 2019

Crude Oil Forecast: Bears May Want to Turn Away, Momentum is Here

Supporting factors for crude oil strength continue to play out as the global energy commodity pushed above the 100-DMA on the 2019 highs and trade war optimism continues.


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Crude Oil Prices Risk Overbought RSI Signal Despite Record U.S. Output

Recent price action keeps the topside targets on the radar for crude oil especially as the Relative Strength Index (RSI) flirts with overbought territory.


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My Top 3 Charts to Watch for Trade Wars, Volatility and Growth in Speculation

A number of key themes are under power and there is a range of high profile event risk due over the coming week. That said there are specific catalysts that can cause more systemic change, and these are the charts that best reflect upon that potential.


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Trade War Breakthrough, Fed Testimony, Key Brexit Vote and More Ahead

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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AUD/USD, AUD/JPY and AUD/NZD Eye Trend-Forecasting Patterns

AUD/USD finds itself in a bearish reversal pattern while AUD/JPY appears to be in a bullish one. AUD/NZD solidified a descending channel. Will these patterns hold true ahead?


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Australian Dollar Market May Be Calmer, But Watch Trade Headlines

The Australian Dollar market has had a busy start to the year, with plenty of news drivers from every quarter. This week may see some respite


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What Is the Gold Price Rally Telling Macro Investors?

Risky assets continue to run higher despite the fundamental backdrop remaining relatively weak. This supplement to the DailyFX podcast shares why the price of gold and bonds are saying opposite things and what that could mean for FX, stocks, and commodities in general.


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Stock Market Fund Flows Remain Deadlocked Before Eventful Week

Exchange traded fund flows were muted again this week suggesting investors have mixed feelings on what to expect from next week’s loaded schedule.


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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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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...