Sunday, 17 March 2019

USD, CAD Fall. S&P 500 Uptrend Aims for Record High. Yen at Risk

The US and Canadian Dollars fell on soft data. Dovish central bank bets helped propel the S&P 500 as its uptrend now faces record highs. Japanese Yen may weaken as Asia stocks rise.


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Stock Market Fund Flows: S&P 500 Breaches 2,815 as Inflows Persist

The S&P 500 ended Friday’s session slightly above the previously insurmountable 2,815 price level. Elsewhere, utilities notched a tenth week of gains.


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Weekly Technical Forecast: EURUSD, Dow and Crude Look for Breakouts with Legs

The benchmarks of the financial market have clearly run the extent of the easy recovery from the fourth quarter tumble. With the likes of the Dow sticking at resistance, EURUSD carving an increasingly narrow range and crude oil prices failing to gain traction on their own bullish break; markets are now looking for commitment.


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Weekly Trading Forecast: Fed Decision, Brexit and Risk Trends Tempt Volatility

Systemic themes such as trade wars and slower economic expansion will take a backseat for this upcoming trading week. Monetary policy will return to the forefront with the Fed decision on tap with four other central bank meetings while Brexit faces yet another ‘crucial’ week.


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Technical Forecast for S&P 500, Dow, FTSE 100, DAX and Nikkei

The tone of recovery held through global equities this week, and a series of rate decisions are on the docket for next week.


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Dow Jones, S&P 500, FTSE 100 and DAX 30 Fundamental Forecast

With the major equity indices simultaneously testing technical resistance, catalysts will be found from fundamental developments in the week ahead.


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Saturday, 16 March 2019

Euro Forecast: Focus for EURGBP, EURUSD Turns to BOE, Fed Meetings

With Euro-area March PMI reports due on Friday, traders’ attention for most of the week will be the latest Brexit developments, the BOE rate decision, and the Fed meeting.


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EURUSD Technical Forecast: Trend & Resistance Give Euro Weak Backdrop Heading into Next Week

The Euro is bouncing, but with a generally weak trend, resistance, and lacking the ability to show follow-through, strength is expected to fizzle into weakness in the days ahead.


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Gold Price Weekly Technical Outlook: XAU/USD Rebound to Fizzle

Gold prices are higher on the week but remain vulnerable ahead of next week’s FOMC rate decision. Here are the levels that matter on the XAU/USD weekly chart.


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Gold Price Forecast: Where Will XAUUSD Breakout Next?

While the spot gold price chart shows consolidation at its current level, looming fundamental drivers could ignite the next move in XAUUSD.


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Dollar Reverses in Large Range, EURUSD Pressure Builds Towards Break

The DXY Dollar Index suffered its worst week’s performance since August, but the technical picture looks no closure to resolution of its persistently narrowing range. What are the levels to watch as we await the spark?


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EUR/USD Rate Outlook Hinges on FOMC Forward-Guidance

The EUR/USD rebound following the ECB meeting appears to have stalled ahead of the FOMC interest rate decision, with the Fed slated to unveil its updated forecasts.


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Professional Crude Oil and Energy Trading Fundamentals, Brynne Kelly

Energy trading veteran, Brynne Kelly helps break down some of the misunderstandings of Crude Oil and Nat Gas trading


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Sterling Weekly Technical Outlook: Charts Highlight Bullish GBP Bias

A good week for Sterling bulls with GBP pushing higher across the board, with added volatility for good measure. Technical analysis continues to highlight a positive Sterling bias.


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GBP Fundamental Forecast: Brexit Meaningful Vote - Third Time Lucky?

Brexit will continue to dominate the domestic scene, putting the latest Bank of England policy decisions in the shade. Meaningful Vote 3 is expected to be voted down again, leaving PM May increasingly isolated.


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Friday, 15 March 2019

Crude Oil Prices Touches New 2019 High As OPEC Supply Doubts Remain

The price of Crude Oil traded to the highest levels since November as traders anticipate the meeting between OPEC and strategic alliances that could renew the commitment to production curbs and further support the market.


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Crude Oil Price Outlook Clouded by OPEC Meeting, Fed Rate Decision

The dominant uptrend in crude oil prices face a cloudy week ahead. Potential gains on the weekend OPEC+ joint meeting may be offset by US Dollar strength on the Fed rate decision.


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Charging Dollar, Pound and Euro Breaks from Fed, Brexit and PMIs

The S&P 500 and crude have earned the most technical of breakouts but follow through is all but absent. Technical progress requires fundamental motivation in these markets and the Fed Decision, Brexit and GDP proxy reports all stand above the crowd.


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AUD/USD, GBP/AUD and AUD/JPY Technical Outlook Bearish

The AUD/USD, GBP/AUD and AUD/JPY outlook in the medium-term is not only bearish due to technical patterns, but also near-term signals warn of pullbacks in the week ahead.


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Australian Dollar Could Slide Again If RBA Speakers Stay Dovish

The Australian Dollar may well face renewed pressure if the week’s central bank speeches again highlight the utility of a weaker currency. Stronger data may help the bulls’ cause though.


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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...