Monday, 18 March 2019

US Dollar Steadies Ahead of Fed Meeting as US Treasury Rates Rebound

The US Dollar gapped open higher at the start of the week, but remains little changed from Friday’s close with the Fed meeting looming.


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GBPUSD Fell, Another Vote on Brexit Deal Blocked. AUDUSD May Rise

GBP/USD fell more after it emerged that a third vote on Theresa May’s Brexit deal could be blocked. Risks for AUD/USD may be tilted to the upside on RBA minutes as Japanese Yen weakens.


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AUD/USD Rate Fails to Test Monthly-High Ahead of RBA Minutes

The recent advance in AUD/USD appears to be stalling ahead of the RBA Minutes as the exchange rate fails to test the monthly-high (0.7122).


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Currency Volatility: GBP and EUR Traders Expect Heightened Price Action

Implied volatility on GBPUSD and EURUSD option contracts nearly doubled from Friday as currency traders gear up for increased price action tomorrow.


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S&P 500 Outlook: Regulators Set Sights on Facebook and Google

The S&P 500 may encounter trouble should US regulators look to impose antitrust restrictions on some of the country’s largest tech names.


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S&P 500 Patterns Point to an Eventual December Low Retest

S&P 500 Elliott wave patterns are still leaning to the bearish side over the medium time horizon. NZDUSD may continue to pop higher in a bullish pattern.


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Canadian Dollar Price Outlook: USD/CAD Eyes Resistance- Rally at Risk

Loonie is under pressure early in the week as the USD attempts to pare recent losses ahead of FOMC. Here are the targets & invalidation levels that matter on the USD/CAD charts.


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GBP/USD Technical Analysis: Dips Down for a Test of Fibonacci Support

GBPUSD went on a wild ride last week as Brexit dynamics drove short-term volatility in the pair. UK Inflation and a BoE rate decision are on the calendar for this week.


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EUR/USD Rate Attempts to Break Narrow Range as ECB Defends QE Program

EUR/USD stands at risk of testing the monthly-high (1.1409) ahead of the Federal Reserve meeting as the exchange rate attempts to break out of a narrow range.


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Weekly Trade Levels for EUR/USD, GBP/USD, USD/CAD, Gold, Oil & More

Webinar highlighting active trade setups we’re tracking this week. Here are the updated targets & invalidation levels that matter on the technical charts.


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US Dollar Re-Tests Fib Support; Gold Threatens Breakout Ahead of FOMC

The US Dollar continues to retreat following the earlier-month NFP report, and this Wednesday brings the FOMC, helping to keep the US Dollar in the spotlight.


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FX Week Ahead: RBA & BOE Rate Decision; Canadian & New Zealand Jobs

The turn into the second half of March brings about two key rate decisions as well as several inflation reports.


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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.


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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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Sterling Slips, Euro Firms, Gold on Edge - US Market Open

A quiet start to a very busy week, influenced by a raft of central bank policy decisions, hard data and sentiment releases, and potentially another Brexit withdrawal bill vote.


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DAX 30 & CAC 40 Charts – Levels, Lines to Contend With, but Trend Still Bullish

The DAX is moving its way higher further into long-term resistance but has a positive trend in its favor, and the CAC hits resistance of less importance while trading in impressive channel.


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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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Sterling (GBP): Third Brexit Vote PM May’s Last Roll of the Dice

UK PM Theresa May is trying to rally enough votes for her withdrawal agreement before she announces another vote in Parliament. And whatever happens, it is likely the withdrawal date will be pushed back.


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Charts: EURUSD Running into Resistance, USDCAD is Testing Support

The Euro is trading into trend-line resistance, putting it at risk of turning back lower; USDCAD is testing the neckline of an inverse H&S pattern.


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USD Bullish Bets Rise as JPY Shorts Increase, Euro Remains Most Bearish - COT Update

Bullish USD bet on the rise yet again as speculators raise JPY shorts. Speculators uncertain over near-term AUD direction, while Euro net shorts ease slightly.


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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...