Saturday, 23 March 2019

British Pound Volatility Continues and a Break Is Inevitable…

The Pound exhibited extraordinary volatility these past weeks as the markets chewed over Brexit uncertainties. As uncertainty prevails, a breakout will be tough to secure; but exceptional volatility will eventually lead to a break.


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GBP Fundamental Forecast: And The Brexit Band Played On

Another week consisting of point, counterpoint, noise and rumors ends up with no-one any the wiser as to how and when Brexit will end. And yet Sterling continues to battle to keep its head above water.


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Friday, 22 March 2019

Crude Oil Weekly Forecast: Rising Global Growth Concerns Sink Oil Prices

As more of the US Treasury yield curve sinks into inversion territory, concerns about global growth have flared – dragging down energy prices in the process.


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Top 5 FX Events: January Canadian GDP & USDCAD Price Outlook

With Crude Oil prices rising by 18.5% in January, there was likely a positive impact on Canadian growth.


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Top 5 FX Events: Third Brexit Vote & GBPJPY Price Outlook

The Brexit extension from March 29 to April 12 is contingent upon the UK parliament passing Prime Minister Theresa May’s Withdrawal Agreement.


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S&P 500’s Slide Alongside GDP Fears and Political Risks Bring Weekend Anxiety

This past week ended with an unmistakable stumble in all things risk sensitive. With palpable concerns of recession, flailing monetary policy efforts and renewed political risk; the first 48 hours next week will prove crucial.


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Top 5 FX Events: March German CPI & EUR/JPY Price Outlook

Inflation rates in the Eurozone’s largest economy appear to have stabilized in the near-term.


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Top 5 FX Events: Final Q4’18 US GDP & USDJPY Price Outlook

Consensus forecasts call for Q4’18 US GDP to come in at 2.4% annualized.


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Aussie Weekly Technical Outlook: AUD/USD Rebound Stalls Post-Fed

Aussie is poised to post a weekly doji just above yearly open support. These are the key targets and invalidations levels that matter on the AUD/USD weekly chart


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Australian Dollar Likely Loser In Ugly Contest With US Cousin

The Australian Dollar gained when the US Fed struck a dovish tone last week. But markets soon realized that what applies to the Fed probably goes double for the RBA.


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

Rates markets are currently pricing in a 0% chance of a rate move by the RBNZ this coming week.


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Currency Volatility: Forex Price Action Setups for Next Week

Forex option traders have begun to price in higher anticipated volatility for GBPUSD, EURUSD, JPYUSD and USDCAD currency pairs headed into next week.


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Brexit No-Deal Is Increasingly Likely After Another Rejection Hits GBP

Parliament’s vote next week will determine whether a no-deal Brexit will be more likely and the effects it will have on GBPUSD.


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Crude Oil Price Forecast: Evening Star Prints as $60 Breakout Fails

The bullish 2019 trend in Oil prices finally found some resistance this week at the $60-handle, at which point a bearish formation printed. But will buyers completely step back ahead of the Q2 open?


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Forex Setups for the Week of March 25, 2019

It was a climactic week across global markets and the final week of Q1 awaits. Will risk aversion continue after a generally upbeat start to 2019?


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Stock Market Fund Flows Suggest S&P 500 Sentiment Remains Bullish

The S&P 500 looks to end Friday’s session in a range that previously offered considerable resistance in a week where the SPY, IVV and VOO ETFs recorded $6.4 billion in inflows.


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Shift in USD/JPY Sentiment Persists Despite Bets for Fed Rate-Cut

The IG Client Sentiment report shows 52.4% of traders are now net-long USD/JPY even though the exchange rate slips to a fresh monthly-low (109.74).


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Kiwi Weekly Price Outlook: NZD/USD Rebuffed at 2019 Range Resistance

Kiwi failed at key resistance this week and keeps the focus on a break of the yearly opening-range. Here are the levels that matter on the NZD/USD weekly chart.


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NFP and Forex: What is NFP and How to Trade It?

Learn how the non-farm payroll (NFP) figures affect the forex market and how to trade it.


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USDJPY: Is Yen-Strength Sending a Signal as the US Yield Curve Inverts?

It was a wild week on short-term charts of the US Dollar, but the net result at this point has been a doji. But under the hood, signals may be showing risk aversion potential.


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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...