Tuesday, 19 March 2019

EURUSD Price Finding Upside Difficult After Latest ZEW Data

The Euro remained under downside pressure after the latest German and Euro-Zone ZEW data pointed to continued weakness.


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Sterling (GB) Dismisses Strong Jobs Data As Brexit Uncertainty Continues

The Pound has failed to push higher despite job data beating expectations. Both EURGBP and GBPUSD remain mostly unchanged as investors keep an eye out for Brexit progress and the BOE‘s meeting on Thursday.


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Gold & Silver Price Outlook Becoming Increasingly Bearish

Precious metals are struggling to gain traction, generally exhibiting bearish-looking price action in the short and longer-term...


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Sterling (GBP) Price Analysis, Charts and Pivot Points

Sterling remains underpinned despite the ongoing Brexit shambles. The EURGBP chart remains pointed to the downside and further falls are likely.


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Yen Up, S&P 500 Chart Warns of Topping Before Fed Rate Decision

The anti-risk Japanese Yen is up while the near-term S&P 500 chart setup shows signs of topping ahead of the much-anticipated FOMC monetary policy announcement.


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BRL, Ibovespa Eyeing Trump-Bolsonaro White House Meeting

The Brazilian Real and benchmark Ibovespa equity index are eyeing the meeting between US President Donald Trump and Jair Bolsonaro as the two discuss future relations.


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Monday, 18 March 2019

Crude Oil Price Recovery May Be Running Out of Steam

Crude oil prices may turn lower if technical signs of ebbing upside momentum find follow-through. API inventory flow data is on tap ahead.


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Asia Stocks Trim Some of Recent Gains as Nikkei 225 Uptrend Holds

Asia Pacific stocks slightly trimmed their recent gains as the FOMC neared. The Nikkei 225’s uptrend is still intact, held together by rising support from the beginning of this year.


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USD/SEK, USD/NOK Break Through Key Support - What’s Next?

USD/SEK and USD/NOK broke through key support levels as US Dollar strength faded and short-term volatility is to be expected from central bank-related event risk this week.


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ASX 200 Technical Analysis: Evening Star Threatens Deeper Reversal

The ASX 200 has enjoyed a strong bull run this year and seems happy at six-month highs. That may be deceptive however. Exhaustion could be setting in.


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S&P 500 Shows Little Enthusiasm After ’Break’, Expect Same from EURUSD

The S&P 500 cleared resistance late last week, but there is little appetite to flood in behind the break. EURUSD and GBPUSD seem on the cusp of the same. Should we limit expectations ahead of the Fed?


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Australian Dollar Ticks Up, RBA Minutes No More Dovish Than Usual

The Australian Dollar was broadly steady on the release of minutes from the last RBA monetary policy conclave. There was caution in them, but no more than is usual these days


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NZD/USD Technical Analysis: NZ Dollar Coiling Up for a Breakout?

The New Zealand Dollar seems to be coiling up for a breakout against its US counterpart but a clear directional bias is struggling to emerge.


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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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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...