Saturday, 2 March 2019

EURUSD Weekly Technical Forecast: Reversal, Price Pattern Point to Selling

The Euro posted a key reversal day on Thursday and then snapped a rising wedge formation, this has focus in the week ahead on lower prices.


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Gold Price: Weekly Technical Forecast

Gold endured intense selling pressure as the precious metal tumbled nearly 3 percent since last Friday.


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Dollar Forces EURUSD Break of Least Resistance, Other Crosses Loaded

From the DXY Dollar Index, this past week ended with a break following a path of least resistance. Yet, when we look at pairs other than the heavily-weighted EURUSD, there is more technical leverage at play.


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US Dollar May Rise on Economic Data, Global Slowdown Fears

The US Dollar may build on gains scored late last week as a flood of top-tier data drives Fed policy speculation while global slowdown worries stoke haven demand.


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Crude Oil Recovery Stalls as OPEC+ Alliance Comes Under Scrutiny

Comments surrounding the OPEC+ agreement appear to be dragging on crude, with the advance from the 2018-low ($42.36) at risk as the bullish momentum abates.


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Sterling Weekly Technical Outlook: GBP Slipping But Still Positive

Sterling-pairs are set to end the week in positive territory but off their best levels with further losses likely to be capped.


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GBP Fundamental Forecast: Positive Brexit Sentiment Feeding Through

Sterling is ending the week on the front foot against all majors as No Deal Brexit recedes further. Next week GBP-pairs are likely to be driven by data and releases from a wide range of global central banks.


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Friday, 1 March 2019

Crude Oil Price Forecast: Trump’s Tweet Sees Bulls Rush In

Crude oil dropped on a single tweet by US President Trump, but crude traders were not dismayed as price jumped back again on news of OPEC discipline and US crude imports fell.


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EURUSD Faces Inevitable Breakout but Can the ECB and NFP Really Trigger It?

The focus may shift in the week ahead from trade wars to growth, but the quiet registered in benchmarks like the S&P 500 and EURUSD should not be relied upon. There is still volatility brewing.


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Currency Market Implied Volatility: Week Ahead

1-week implied volatility on USD, AUD, CAD, GBP and other forex crosses suggests tame price action but could be signaling a 'calm before the storm.'


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GBPAUD Eyes Brexit Referendum Levels. AUDUSD, AUDJPY May Breakout

The aggressive rally in GBP/AUD may pause after failing to breach 2016 Brexit Referendum levels. Meanwhile, the reversal patterns in AUD/USD and AUD/JPY continue to brew.


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Australian Dollar Faces Busy Data Week, May Struggle For Gains

The Australian Dollar has got plenty of likely market movers coming its way, but the sum total of all of them may just add up to more falls


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Currency Market Implied Volatility: Week Ahead

1-week implied volatility on USD, AUD, CAD, GBP and other forex crosses suggests tame price action but could be signaling a 'calm before the storm.'


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Central Bank Weekly: Rebound in Fed Hike Odds Sinks Gold Prices

With various concerns subsiding this week, FX markets have started to price in a less dovish Fed moving forward. In turn, Gold prices have cratered.


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Stock Market Fund Inflows Return as S&P 500 Hits Technical Resistance

After weeks of deadlocked fund flows from the market’s largest exchange traded funds, investors poured in fresh capital this week as the S&P 500 paused at resistance.


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GBPUSD: Breakout Pullback - How Aggressive Will Bulls Remain to Be?

It was a strong bullish push in the early portion of this week in GBPUSD. But that strength has come-off and Brexit remains a very unpredictable theme.


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USD/JPY Carves Bullish Series Even as ISM Manufacturing Disappoints

The USD/JPY correction following the currency market flash-crash may continue to evolve as the exchange rate carves a fresh series of higher highs & lows.


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S&P500 Turns Lower on Weak Manufacturing, Consumer Sentiment

ISM Manufacturing Index and University of Michigan Consumer Sentiment readings for February is putting pressure on stocks.


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Oil Prices Re-Test Key Resistance as Gold Falls to February Support

While longer-term ranges remain in many FX pairs, Commodity markets like Gold and Oil have put in interesting technical events this week. Next week's calendar is loaded.


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US Dollar Struggles for Footing; Gold Loses Uptrend from Late-November

With global equity markets rallying, safe havens like the Japanese Yen and Gold have been struggling significantly this week.


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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...