Wednesday, 6 March 2019

USD/NOK Traders Watching Norway Industrial Production Data

USD/NOK traders will be eyeing the release of Norway’s industrial production data. Will the recent slump in economic performance prompt the central bank to postpone its intended rate hike?


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NZD/USD Technical Analysis: Five-Month Trend Support Under Fire

New Zealand Dollar is testing five-month countertrend support. A breach below the 0.67 figure may set the stage for resumption of the longer-term structural decline.


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Nikkei 225 Technical Analysis: Uptrend Shows Signs of Topping Out

The Nikkei 225 still looks quite comfortable in its uptrend, but signs of exhaustion appear to be growing more common on its daily chart.


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Euro Eyeing ECB Rate Decision, Commentary and Eurozone GDP

Euro traders will be watching tomorrow’s ECB rate decision and listening for key commentary from officials following the release of Eurozone GDP.


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Dow Groans Under Weak GDP Signals, Will ECB Trigger Same Volatility as BOC?

Fundamentals are starting to grow more serious and volatility is starting to show through. GDP took center stage this past session and monetary policy will make an appearance. Watch Euro for Loonie-like volatility and keep tabs on the Dow’s support.


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Australian Dollar Steady On Retail Sales Weakness, Trade Strength

The Australian Dollar was pulled in opposite directions by a feeble set of retail sales numbers released simultaneously with news of another strong trade surplus


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USDCAD May Extend Rise Post BoC, AUD/USD Eyes Australian Econ Data

USD/CAD may have more room to rise after a relatively dovish BoC rate decision. Asia stocks at risk after S&P 500 extends decline to a third day, AUD/USD eyes Australian economic data.


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Dow Jones Outlook: ECB Policy May Decide Index’s Next Move

The Dow Jones and other US equity markets will look to the European Central Bank on Thursday as the institution announces its stance on stimulus.


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EURUSD: Implied Volatility at 6-Week High as Traders Await ECB

Overnight implied volatility on EURUSD forex option contracts exploded to its highest level since Jan 23 as currency markets prepare for potentially formidable price action.


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AUD/USD Risks Run at Flash-Crash Low as RSI Snaps Bullish Formation

The AUD/USD rebound following the currency market flash-crash may continue to unravel over the coming days as the RSI snaps the upward trend from earlier this year.


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How to use the PPI in Forex Trading

The inflation rate can play an important role in determining the value of a country’s currency. Learn how PPI impacts forex markets.


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TLTROs – The ECB’s Other Stimulus Tool

The European Central Bank (ECB) needs to give the Euro-Zone economy a boost as growth continues to slow, while inflation slips further below target. A fresh round of TLTROs could well provide the reinvigorating shove that's required.


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GBPUSD Holding Support in British Pound Pullback: But for How Long?

Volatility has continued to flow in the British Pound following the pair’s rather impressive showing in the second-half of February.


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Trading the London Session: Guide for Forex Traders

The London session is one of the most liquid forex trading sessions. Learn how to trade it.


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EURUSD Holds Support Ahead of ECB; USDCAD Rallies to Two-Month-Highs

Two major rate decisions populate the economic calendar for the middle of this week, and the BoC has already spoken to markets: The ECB is on deck for tomorrow.


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USDCAD Soars After Bank of Canada Strikes Dovish Tone

The Bank of Canada stood firm on interest rates as expected, but USDCAD traded higher in response to a seemingly dovish shift in language from the central bank.


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AUDUSD Falls on Soft GDP, USDCAD at 2-Month Highs - US Market Open

The Aussie had been delivered a fresh blow after the Q4 GDP missed analyst estimates. USDCAD edges to 1.34 ahead of BoC. USDTRY rises post CBRT decision.


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Hawkish Bank of Canada (BoC) Forward-Guidance to Rattle USD/CAD Rally

The Bank of Canada (BoC) meeting may rattle the recent strength in USD/CAD if the central bank continues to endorse a hawkish forward-guidance for monetary policy.


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Technical Analysis for US & UK Crude Oil, Gold Price, Dow Jones & More

Crude oil is triangulating, gold is heavy, U.S. indices are at a decision point with the Dow having conflicting technicals.


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CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY

USDCAD prints 2-month highs , EURCAD upside showing sings of stalling, while CADJPY bearish turn persists.


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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...