Crude oil prices have struggled to make good on technical signs of topping but incoming US jobs data may finally validate the setup.
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Thursday, 7 March 2019
A Break Lower for S&P 500 Prices and EURUSD - Are These Trends?
Given the extreme lows in volatility across the market, the impressive drop from the S&P 500 and EURUSD this past session has drawn a lot of attention. Is this a technical development or fundamental drive robust enough to sustain trend?
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ECB Sinks EUR/USD Towards July 2017 Lows, Chinese Trade Data Next
EUR/USD faces July 2017 lows after sinking through key support levels after dismal ECB economic projections. Up next, markets eye the impact of slowing growth on Chinese trade data.
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S&P 500 Outlook: Unemployment Data, Utilities To Lead Index Price
The S&P 500 will look to Friday’s release of non-farm payrolls data as it struggles to fend off bearish price action.
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Sterling Weekly Price Outlook: British Pound Rejected at Resistance
Sterling is down nearly 2% after reversing from seven-month highs last week. Here are the targets and invalidation levels that matter on the GBP/USD weekly chart.
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Pre-NFP Price Action Setups Across the US Dollar
This morning saw the European Central Bank announce a fresh round of TLTRO's, and tomorrow brings US and Canadian jobs numbers to the table.
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EUR/USD Searches for Support as ECB Prepares Another Round of TLTRO
EUR/USD searches for support following the European Central Bank (ECB) meeting, with the exchange rate taking out the 2018-low amid the dovish guidance for monetary policy.
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Tomorrow’s NFP Report to Spur Further USDCAD, EURUSD Volatility
Forex option traders have bid up USDCAD overnight implied volatility to its highest level since January 3 ahead of Friday's employment data release.
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US Household Net Worth Collapses by Nearly $4 Trillion
US Household Net Worth falls by most since the financial crisis to $104.3 Trillion at the end of 2018.
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USD/JPY Pulls Back Ahead of NFP Report on Fed’s Wait-and-See Guidance
USD/JPY struggles to hold its ground ahead of the Non-Farm Payrolls (NFP) report as a growing number of Fed officials defend the wait-and-see approach for monetary policy.
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USD/ZAR Has Biggest Monthly Gain Since August - More to Come?
USD/ZAR has been advancing in impulsive waves and correcting in partial retracements. The near-term pattern calls for higher levels.
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EURUSD, EURJPY: Euro Drops as ECB Announces Fresh Round of TLTRO’s
The European Central Bank announced a fresh round of TLTRO's this morning, and the Euro is dropping. But - can sellers finally break the three-month range in EURUSD?
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EURUSD Drops as ECB Announce TLTROs and Alters Rate Guidance
EURUSD fell 30pips to session lows of 1.1273 after the ECB announced that they will be delivering fresh stimulus in the form of TLTRO 111.
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EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP
EURUSD continues to hold range, EURJPY eyes another test of key support, while EURGBP reclaims 0.8600.
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Sterling (GBP) Remains Stable Despite ’Difficult’ Brexit Talks
The British Pound continues to hold its own against a range of currencies despite little progression in the latest round of Brexit negotiations.
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CAD Price Continues to Fall Despite Rising Crude Oil Prices
A climbing crude oil price generally lifts the Canadian Dollar but for now the currency remains weak on political concerns and a dovish central bank.
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FTSE Technical Analysis – Back Near Confluent Resistance, Range to Persist
The FTSE bounced a bit the past few days, putting it back near resistance; range conditions seen as persisting.
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Crude Oil Analysis: Oil Underpinned by $65, Range Holds For Now
Brent crude futures are modestly firmer this morning with gains of 0.8% with yesterday’s stockpile build failing to dent prices.
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EURUSD, AUDUSD & AUDJPY Charts Remain Tilted Lower
The Euro remains on the sell list, joined by Aussie versus the Dollar and Japanese Yen; price patterns all point to continued weakness in the days ahead.
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USDJPY Price: Tight Trading Range Ahead of US NFPs
USDJPY volatility remains low ahead of the latest US Labor report but pivot point analysis shows areas of support and resistance inside the current tight range.
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