Friday, 8 March 2019

EUR/USD Technical Analysis: Sellers Try to Clear a Path Below 1.10

The Euro recoiled from 14-month resistance against the US Dollar, with sellers now working on clearing a path below the 1.10 figure.


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Thursday, 7 March 2019

US Dollar Likely to Find Excuse for Gains in Jobs Report

The US Dollar seems likely to find an excuse for further gains in February’s US employment data while sentiment trends set the tone elsewhere in the G10 FX space.


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Asian Stocks Wilt As Chinese Exports Disappoint, US Payrolls Loom

Asian equity markets were already looking shaky thanks to Wall Street’s slip when weak Chinese trade numbers sent the mainboards lower still


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Euro Eyeing German Factory Orders as EU Growth Slows, ECB Eases

Euro traders will be watching tomorrow’s release of German factory orders as the region slows down and the ECB held rates and cut growth forecasts – again.


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AUD/USD Falls As Chinese Trade Data Undershoots Forecasts

AUD/USD fell after Chinese trade-related data crossed the wires and showed a substantial decrease in the trade balance.


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USD/NOK Technical Analysis: Will Pair Hold Above 8.7881 Barrier?

USD/NOK skyrocketed into a new resistance range between 8.7766-8.8244, but will it be able to keep above this level?


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EUR/GBP Technical Analysis: Downtrend in Focus after ECB Outlook

The ECB rate decision put pressure on EUR/GBP’s dominant downtrend, a major support area seems to be lacking until 0.8337. Near-term price action suggests temporary rebound before resumption.


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US Jobs Data May Validate Bearish Crude Oil Price Chart Setup

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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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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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...