EURUSD Sentiment Broken After Feeble German and French PMIs

The Euro took a sharp turn lower early Friday morning after the latest set of Euro-Zone PMIs highlighted the ongoing weakness in the single-block.


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DAX 30 & CAC 40 Charts – Backing Down into Important Channel Support

The DAX is in a tug-of-war between major resistance and intermediate-term support, the CAC doing a tightwire act in its bullish channel dating back to December.


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Yen, US Dollar May Rise as PMI Data Stokes Global Slowdown Fears

The anti-risk Japanese Yen and US Dollar may trade higher as PMI data out of the US and the Eurozone stoke worries about a downturn in global economic growth.


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Gold Prices May Struggle to Capitalize if PMI Data Sours Market Mood

Gold prices may struggle to capitalize if Eurozone and US PMI data stokes global slowdown fears if the resulting selloff boosts haven demand for the US Dollar.


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Asian Stocks Mostly Lower, US China Trade Talks In Nervous Focus

Asia Pacific equity mostly faded into Friday’s close as worries about a trade settlement between the US and Chine returned to dominate sentiment


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Norges Bank Raises Rates, Krone Rallies on Unexpected Hawkish Outlook

The Norges Bank raised rates yesterday to 1.00% as expected, though market participants were caught off-guard by the central bank’s hawkish outlook.


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EUR/GBP Technical Analysis: Bullish Reversal Signs vs Brexit News

EUR/GBP’s dominant downtrend is at risk due to technical bullish reversal signals. These hint it may have bottomed, but Brexit developments remain a fundamental wildcard for Sterling.


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Dollar Avoids Bearish Breakdown for Now, Dow Climbs Despite Growth Concerns

A notable stall in risk trends after the Fed’s dovish shift has lifted with a bounce from US equities. Is it enough for a risk run? What will PMIs do for growth concerns? Will Brexit talk keep Sterling off kilter?


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Currencies May See Wild Swings if Slow Growth Breaks CLO Market

Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in the fragile market for collateralized loan obligations (CLOs).


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EUR/USD Vulnerable to Range-Bound Conditions as Post-FOMC Strength Fade

EUR/USD may continue to consolidate over the remainder of the month as the exchange rate snaps the series of higher highs & lows from earlier this week.


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GBP/USD Uptrend Holds, EU Gave May Third Shot to Pass Brexit Deal

GBP/USD fell on the ongoing Brexit saga as the EU gave UK Prime Minister Theresa May a third shot to pass her divorce deal in Parliament next week. Ahead, the Japanese Yen may fall.


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Dow Jones Forecast: History Suggests FOMC Policy May Buoy Index

Historical performance suggests the Fed’s accommodative monetary policy may outweigh growth concerns, thereby bolstering the Dow Jones.


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FX Price Action Setups in EURUSD, USDCNH and Gold Price

It’s been a chaotic 24 hours since yesterday’s FOMC rate decision.


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Euro Weekly Price Outlook: EUR/USD Rejected at Yearly Open Resistance

Euro tested key resistance post-FOMC with the March recovery now vulnerable into the close. Here are the levels that matter on the EUR/USD weekly chart.


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GBPUSD Selloff Ensues After Brexit Delay Response from European Council

The European Council has drafted a response to PM May's Brexit extension request that comes up shorter than the UK's request.


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Central Bank Weekly: After Fed Meeting, One Cut Priced-In for 2020

The March Fed meeting produced a large reaction by both US Treasury yields and the US Dollar.


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Gold: 71.1% of Traders Are Net-Long

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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USDJPY: Traders Remain Net-Long

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


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Gold Gets Bid Following FOMC Meeting Amid Bets for December Rate-Cut

Gold prices have reversed course ahead of the 2019-low ($1277), with the price of bullion climbing to a fresh monthly-high ($1320) following the FOMC meeting.


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Brexit Uncertainty Leaves GBPUSD Implied Volatility At 32-Month Highs

Given the latest Brexit uncertainty, it cannot be overstated the potential volatility the Pound faces.


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