Monday, 4 March 2019

Dow Jones Looks to Service Sector After Technical Resistance Halts Rally

As two thirds of the United States economy, the services sector is a critical bellwether for GDP and corporate profits, Tuesday’s data likely will influence the Dow’s next move.


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WTI Crude Oil Reaches a Decision Point on Price Chart

The Elliott Wave chart patterns provide guidance on the maturity of the current trends. WTI crude has been advancing in a corrective bounce.


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DJIA: Dow Turns Over as Sellers Make a Push

US Stocks took a hit to start this week following last Monday’s print of fresh 2019 highs in the Dow Jones Industrial Average (DJIA).


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Using FX To Effectively Trade Global Market Themes at IG

Investors and traders are often looking for tactical ways to play market developments. The combination of an increasingly global market and a new provider in the US is welcome news.


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Gold and Silver Trade on their Heels While USDJPY Reaches 2 Month Highs

The metals such as gold and silver appear to have finished a bullish wave as we forecast a further dip in pricing. USDJPY continues to rally in impulse and dip in corrective waves.


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Gold Extends Bearish Series as US-China Trade Talk ’Moving Along Nicely’

Gold stands at risk of facing a more bearish fate over the coming days as the price for bullion extends the series of lower highs & lows from the previous week.


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Major Forex Trading Sessions from Around the World

The 24-hour forex market is comprised of 3 major trading sessions. Learn more on these forex sessions and how to trade them.


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AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

AUDUSD eyes key support, AUDJPY rejects resistance yet again, while AUDNZD may have bottomed as 1.04 continues to hold.


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FX Week Ahead: RBA, BOC, & ECB Rate Decisions; Canadian Jobs & US NFP

The first week of the month sees several central bank rate decisions and key labor market data.


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Technical vs Fundamental Analysis in Forex

Fundamentals vs technicals. Learn what is involved in each and how to make an informed decision on the type of analysis best suited for you.


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EURUSD Threatens Range Support as USD Bulls Re-Take Control

A busy economic calendar awaits for this week after US Dollar bulls have made a noticeable re-entrance back into the equation.


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USD Rises Despite Trump’s Criticism, Crude Oil Gains Amid OPEC Mulling Extension - US Market Open

USD begins the week on the front, Euro edges lower ahead of ECB, AUD sees marginal gains as trade deal hopes outweigh domestic weakness.


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Weekly Technical Forecast: Dow’s Incredible Climb is Slowing and EURUSD’s Range is Ripe

Volatility continues to drain from the market, cutting down the opportunities to jump start critical breakouts or trends. That is problematic for US indices like the Dow and S&P 500 given the remarkable run they’ve made these past two months. But it is just as burdensome for overdue ranges in FX like that of EURUSD or tentative breaks from USDJPY.


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Weekly Fundamental Forecast: Rate Decisions and NFPs Look to Supplant Trade Wars for Market Influence

We have seen a significant drop in the perceived risk surrounding open-ended threats like the US-China trade war and Brexit this past week. Will this draw attention back to more tangible issues like tepid growth forecast and top market moving events like a range of rate decisions (ECB, RBA and BOC) or the fabled US change in NFPs?


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UK Week Ahead: Sterling (GB) Wary of High Importance Drivers | Webinar

Sterling (GBP) remains on edge as Brexit negotiations continue, while over the week various central bank rate announcements, and the monthly NFP release, will drive various GBP-pairs.


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Euro Forecast: March ECB Meeting to Highlight Risks to Eurozone

Inflation has been running more and more below the ECB’s medium-term target while topline growth readings have slowed. The odds of a hike around “summer 2019” have shrunk – and will likely evaporate this week.


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S&P 500, Dow, and Nasdaq 100 Charts: Little Bearish Price Action at Resistance

U.S. indices are at notable levels, but the market has thus far shown resilience, and this could mean resistance will soon get put in the rear-view mirror.


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Crude Oil Analysis: Bullish Uptrend Remains, Trade War Deal Nearing

Oil prices are on the front foot to begin the week, with Brent crude futures holding above $65/bbl as trade war hopes and falling oil counts underpin.


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Becoming a Better Trader – Basic Building Blocks for Creating a Strategy

In this webinar, I discussed a few basic facets to be considered when developing a trading strategy or plan of attack.


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EURUSD Sells-Off Ahead of ECB Meeting, Possible Liquidity Measures

The Euro is coming under selling pressure in early trade, touching a one-week low against the US dollar, and is likely to stay low as the ECB gets set to announce more liquidity measures.


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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...