Tuesday, 26 February 2019

A Skew on the Pound’s Potential Via Brexit Near-Term

UK PM May has curbed the anticipated impact of today’s Parliamentary session, but Brexit remains a top concern for Pound and capital market traders. What scenarios should we prepare for and where are the opportunities?


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Nikkei 225 Technical Analysis: Uptrend Holds But May Be Tiring

Like many other developed market indexes the Nikkei 225 remains well within its dominant 2019 uptrend while showing signs of exhaustion all the same.


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EUR/GBP Technical Analysis: Brexit News Revives Dominant Downtrend

The latest Brexit news sent EUR/GBP crashing through support, opening the door to resuming the dominant downtrend from January once confirmation is achieved via another close lower.


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Dow Jones Trade War Momentum Ebbs, Dollar Sinks on Powell, Pound Surges Amid Brexit Talk

More significant movement was registered in the global markets this past session from risk assets, the Dollar and Pound. Yet, it didn’t exactly align to what a rudimentary analysis would suggest. What should we focus on ahead?


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Australian Dollar Eyeing China PMI Data - Trade War on Back Burner?

The Australian Dollar will be watching China’s upcoming manufacturing PMI report on Wednesday against the backdrop of new developments in the US-China trade war.


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Brexit Latest Bolsters British Pound, S&P 500 Looking More Weak

Fading chances of a ‘no-deal’ Brexit caused the British Pound to outperform. Asia Pacific stocks may aim lower after Wall Street couldn’t hold onto gains despite supportive news again.


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USDCAD: Implied Volatility Depressed Despite Upcoming Event Risks

One-week implied volatility for the USDCAD appears subdued despite significant upcoming event risk.


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New Zealand Dollar Trades Lower on Disappointing Trade Data

The New Zealand Dollar traded lower after disappointing trade balance figures for the country were released.


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Brexit Vote Uncertainty May Weigh on FTSE 100, Firms’ Exit Plans

Wednesday’s Brexit dealings could adversely impact the FTSE 100 as companies look to shift more employees to continental Europe amid prolonged uncertainty.


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FX Price Action Setups: EURUSD, USDJPY and USDCAD

The US Dollar has reversed around this morning's testimony from FOMC Chair, Jerome Powell. The big question now is for how long might that run?


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Crude Oil Weekly Price Outlook: WTI Turns from 2018 Trend Resistance

Crude oil turned from technical resistance this week with the price decline now testing a key support pivot. Here are the levels that matter on the WTI weekly chart.


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Bullish USD/JPY Momentum Continues to Abate Following Powell Testimony

The limited reaction to the semi-annual Fed testimony with Chairman Powell raises the risk for a larger USD/JPY pullback as the bullish momentum continues to abate.


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US Dollar Falls From Fibonacci Resistance as Powell Pop Faded-Out

An initial move of strength in the US Dollar has been soundly faded-out, begging the question: Are USD-bears on the cusp of re-gaining control of the currency?


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Stocks Gain on Consumer Confidence Rebound but Eye Fed Testimony

The Dow Jones Industrial Average and S&P500 are reversing losses from early trading in response to the strong rebound in US Consumer Confidence.


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Oil Trading Strategies with Futures Trader Tracy Shuchart| Podcast

Learn about oil trading strategies with our podcast guest Tracy Shuchart.


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Brexit and the Customs Union: What Leaving Could Mean for FX Traders

Explore the different custom unions and what it could mean for FX traders if the UK leaves the EU Customs Union.


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Fed Powell Testimony Reiterates Patience on Rate Hikes, USD Muted

The USD saw somewhat of a tepid reaction following Fed Chair Powell’s testimony which offered little in the way of new policy signals.


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GBPUSD Gains on Brexit Delay, USDJPY Rejects 200DMA - US Market Open

The Pound is the notable outperformer this morning, hitting a 19-week high above 1.32, which saw EURGBP edge towards the lowest level since May 2017.


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US Dollar Price Erosion Yet to Return into Triangle; Key Brexit Date Set

Geopolitical developments in all corners of the world have global financial markets in a state of trance on Tuesday.


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Market Sentiment Still Positive Despite USD Weakness | Webinar

Financial market traders remain broadly confident even though the US Dollar remains under downward pressure and the oil price is off its recent highs.


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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...