Tuesday, 5 March 2019

AUD/USD Rate Vulnerable to Slowing Australia GDP

Australia’s Gross Domestic Product (GDP) report may produce a bearish reaction in AUD/USD as the growth rate is expected to slow to 2.6% from 2.8% in 3Q 2018.


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USDCAD 1-Week Implied Volatility at Highest Level Since January

Canadian Dollar forex traders are expecting heightened price volatility ahead of the Bank of Canada's upcoming interest rate decision.


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EUR/USD Rate Forecast: Bearish Series Brings 2019 & 2018 Low on Radar

EUR/USD may continue to consolidate ahead of the ECB meeting, with the 2018 & 2019 low on the radar as the exchange rate carves a string of lower highs & lows.


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FX Price Action Setups in EURUSD, USDJPY and USDCAD

EURUSD is testing range support as US Dollar bulls have come screaming back after last Thursday's GDP report and this morning's ISM numbers.


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Dow Jones Pressured by Export-Sensitive Sectors on China GDP

The five largest export sectors to China may see their underlying shares weigh on the broader market as China lowered growth forecasts.


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S&P 500 : Traders Net-Short Continue to Increase

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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The New York Session: Forex Trading Tips

Learn how to trade the New York Forex Session and when it overlaps with London’s trading sessions.


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Gold Price Weekly Technical Outlook: XAU Correction Faces First Test

Gold prices are down nearly 5% from the February high with the decline now approaching the yearly range low. Here are the levels that matter on the XAU/USD weekly chart.


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USD/CAD Clears February High, RSI Flashes Bullish Signal Ahead of BoC

Topside targets sit on the radar for USD/CAD ahead of the Bank of Canada (BoC) interest rate decision as the exchange rate carves a series of higher highs & lows.


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USD and S&P500 Jump Higher on Upbeat ISM Services Index Report

The US Dollar is continuing its advance while stocks look to claw back losses from yesterday after February's ISM Services Index report came in much higher than expected.


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EURUSD Sellers Slow Ahead of Key Support; Oil, USDCAD in Focus

EURUSD has fallen below a rising wedge pattern, but sellers have pulled up short of testing the longer-term support zone that runs from 1.1215-1.1300.


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GBP Rejects 1.32, USDCAD Eyes Range-break, EUR looks to ECB - US Market Open

The Pound is the notable underperformer this morning, EUR dismisses encouraging data, CAD hits 5-week lows.


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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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Market Sentiment Remains Positive | Webinar

Financial market traders are still confident as weak economic growth from China to the Eurozone is pushing central banks to increase their measures to stimulate activity.


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Technical Outlook for USD, USDCAD, AUDUSD, AUDJPY, Gold Price & More

The US Dollar Index has room to trade higher short-term, USDCAD too, while AUDUSD and gold remain vulnerable to more selling.


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Gold & Silver Price Charts – Precious Metals Likely to Remain Heavy

Selling in gold and silver has been significant the past few days, likely to keep pressure on the metals with rallies seen as uphill battles.


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EURUSD Price Analysis: Breaking Lower Ahead of ECB

EURUSD has dropped below the support line of a rising channel on the charts ahead of this week’s ECB monetary policy meeting, suggesting further losses ahead.


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USDJPY Price Probing a New 2019 High

USDJPY continues to edge towards highs late seen in late-December 2018 but one technical indicator is flashing a warning signal.


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Sterling Nudges Higher After PMIs, Brexit Continues to Dampen UK Growth

The latest UK Markit services PMI beat lowly expectations, but fears remain about the near-term economic outlook as Brexit nears.


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AUDUSD Outlook: Focus on Q4 GDP & RBA Governor Lowe Speech

Risks are tilted to the downside for Q4 GDP, which may spark fresh dovish RBA signals. Markets currently pricing in year-end rate cut.


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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...