Wednesday, 27 February 2019

British Pound Rally Resumed. AUD/USD Eyes Capex, China PMI Data

Brexit news kept the British Pound rally alive as EUR/GBP’s dominant downtrend resumed. The S&P 500 barely closed lower amidst fragile sentiment. AUD/USD looks to key data.


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GBPUSD: Currency Volatility Curbed by Possible Brexit Delay

GBP implied volatility is on the decline for the 1-month forex option contract that expires on the March 29 Brexit deadline.


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Dow Jones, S&P 500 Await US Q4 GDP and Trade War Clarity

Thursday is a pivotal day for US equity sentiment and price action as the highly anticipated GDP data for the fourth quarter is released.


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DJIA: Dow Softens From 2019 Highs as 26k Re-Test Continues

US stocks have been on a strong run this year, but price action has started to test below a bullish trend-line, which may soon open the door for reversal potential.


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EUR/USD Rate Forecast: 2019 Range in Focus Ahead of ECB Meeting

Recent price action in EUR/USD brings the monthly-high (1.1489) on the radar as the exchange rate tracks the range from earlier this year.


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GBPUSD: Cable Rally Goes Overbought on Run to Seven-Month Highs

The British Pound has put in a breakout on diminishing pessimism around Hard-Brexit. But with the pair now showing oversold RSI, can bulls continue to drive?


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New Zealand Dollar Weekly Price Outlook: Kiwi 2019 Range Compression

Kiwi is coming off the yearly highs with price continuing to consolidate within the January opening-range. Here are the levels that matter on the NZD/USD weekly chart.


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USD/CAD Weighed by Sticky Core CPI- Canada GDP Report Up Next

USD/CAD slips back below the 200-Day SMA (1.3152), with the exchange rate risk for further losses ahead of Canada’s GDP report.


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Brexit Latest: Key Amendments to be Voted on by UK MPs

Today will see yet another round of votes on a series of amendments, which typically takes place from 1900GMT.


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GBPUSD Surges on, USD Downtrend Continues, USDCAD at Key Support - US Market Open

The Pound continues to power on with GBPUSD reclaiming 1.33 as no-deal risks continue to recede. CAD benefits from oil gains, while USD selling persists.


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US Dollar Tests 96 Support Ahead of Day Two of Powell Testimony

The US Dollar has been in retreat since yesterday’s Powell testimony, keeping the door open for a continuation of the longer-term range in EURUSD.


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Trading Outlook for Gold Price, Crude Oil, Dow Jones, DAX & More

Gold is looking to test important trend support, crude oil trend under fire; Dow Jones ran into resistance along with the DAX, suggesting weakness ahead.


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GBPUSD Price Analysis, Chart and Pivot Points

GBPUSD continues to push ever higher and is threatening initial pivot point resistance as positive Brexit sentiment holds sway.


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Slowing Canada Consumer Price Index (CPI) to Curb USD/CAD Losses

Updates to Canada’s Consumer Price Index (CPI) may curb the recent decline in USD/CAD as the headline reading is expected to slow to 1.4% from 2.0% per annum in December.


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CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY

USDCAD continues to edge lower, eyeing key support. CADJPY upside may be limited with topside resistance ahead.


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3 Types of Forex Analysis

We round-up the best forex analysis techniques: fundamental, technical and sentiment and how to apply them.


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EURUSD Still Trending Higher Despite Poor Eurozone Confidence Data

EURUSD continues to advance within the well-defined channel in place since February 15 despite weak Eurozone confidence figures that emphasize the slowdown in the region’s economy.


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Gold & Silver Price Charts – Test of Trend Support Nearing

Precious metals have been 'out of play' the past few days, but an important trend-line test may be around the corner for gold.


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GBPUSD Price Continues To Push Ahead Strongly, Brexit Debate in Focus

Sterling looks to have broken decisively above the 1.32 level ahead of more Brexit votes in the UK Parliament as the chances of a no-deal Brexit recede and the prospect of a delay in leaving rises.


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Gold Price: Building Momentum on Weak USD, Growing Nuclear Risk

Gold is looking likely to move higher again, helped by a slightly weaker US dollar and escalating conflict between nuclear powers India and Pakistan.


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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...