Crude oil prices may validate technical positioning hinting that a top is taking shape as worries about slowing global growth stoke market-wide risk aversion.
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Sunday, 24 March 2019
Nikkei 225 Technical Analysis: Key Uptrend Channel Under Big Threat
The Nikkei 225 has shared fully in this year’s equity gains, but its daily chart suggests that the bulls are getting very tired.
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AUD/USD Technical Analysis: Inching Closer to Resuming Down Trend
The Australian Dollar is inching closer to confirming the resumption of the down trend against its US counterpart as prices probe below near-term chart support.
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S&P 500 Falls, Leaves Reversal Warning. Japanese Yen May Gain
Sentiment collapsed on Friday following dismal European economic data with the S&P 500 leaving bearish reversal warnings. Asia Pacific stocks may fall as anti-risk Japanese Yen gains.
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US Equity Outlook: Charts Show Stocks at Crucial Inflection Point After Fed
The Dow Jones Industrial Average and SP500 are levitating above technical confluence as the boost to stocks from a dovish Fed is offset by cuts to economic forecasts.
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Weekly Technical Forecast: Dollar Breakouts Fall Apart While Equities and Oil Rallies Stumble
Despite what implied volatility readings suggest, markets are showing greater volatility in actual price action. From the tentative turns in the Dow and crude oil to the persistent waves of nausea in FX activity levels, traders should remain vigilant and question the heft of nearby technical boundaries.
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Weekly Trading Forecast: Risk Trends Shudder as the Market Processes Growth Fears and Monetary Policy Shortcomings
Risk appetite has been a primary feature of the market’s landscape throughout 2019 thus far. However, this speculative charge seemed to find its traction in hope – hope that trade wars were easing, central banks would raise support and growth would level out. Those hopes are wavering and so too is confidence.
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Dow Jones, FTSE 100 and DAX 30 Fundamental Forecast
The Dow Jones will cope with a dovish Fed and lower growth forecasts while European equity markets look to avoid a “no-deal” Brexit.
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Saturday, 23 March 2019
Euro Weekly Technical Outlook: EURUSD Rejected by 200-DMA Again
A mid-week rally in EURUSD, on the back of a short-lived US dollar sell-off, was quickly re-traced with the path of least resistance for the pair likely lower in the short-term.
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Euro at Risk on Data Flow and ECB Comments, Brexit Vote May Eyed
The Euro may face further selling pressure as incoming data flow and downbeat ECB commentary weigh on policy expectations. Another Brexit vote threatens volatility.
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Weekly Gold Price Forecast: Channel Provides Guide for Longs & Shorts
Gold is trading higher within a channel which keeps short-term momentum edging upward, but a breakdown may soon usher in sellers.
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Gold Price Outlook Clouded by Recession Signals, US Econ Data Drop
Gold prices rose as a dovish Fed sent bond yields lower and fears of a recession subsequently increased. Near-term XAU/USD outlook neutral, precious metal eyeing US GDP and core PCE inflation.
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Is FOMC Scared of a Stronger DXY? Apparently So, As They Should
Unfortunately, the Federal Reserve does not speak in a vacuum. Despite their desire for a weaker US Dollar, the rest of the world seems to see US assets (and thereby) the US Dollar as a likely haven from global weakness, which could potentially frustrate the Fed’s plans.
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Post-FOMC U.S. Dollar Recovery to Face Slowing GDP Report
Developments coming out of the U.S. may continue to drag on the dollar as ‘data arriving since September suggest that growth is slowing somewhat more than expected.’
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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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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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