Wednesday, 27 March 2019

GBPNZD: Dovish RBNZ Fuels a Bullish Bias

Bullish sentiment in GBPNZD is set to grow in the short- to medium-term after the New Zealand central bank admitted that the next move in its Official Cash Rate (OCR) is lower.


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Tuesday, 26 March 2019

Asian Stocks Mixed, China Mainboards Gian Despite Dire Profit Slump

Asian mainboards put in a patchy midweek performance with Wall St. ‘s modest gains helping to mitigate some weak regional numbers


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Crude Oil Prices May Fall on Growth View, Confirming Chart Setup

Crude oil prices may fall as worries about a slowdown in global economic growth resurface, confirming bearish cues in technical positioning.


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Japanese Yen Technical Analysis: USD/JPY Fall Stalls At Key Prop

The Japanese Yen has at last broken out of this years long downtrend against the US Dollar, but its gains seem to be losing momentum before they've gone very far


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EUR/USD Technical Analysis: Euro Set to Test Below 1.12 Again?

The Euro may be heading back below the 1.12 figure to test the March swing low against the US Dollar after a would-be upside breakout fizzled.


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Dow’s Biggest Bullish Gap in 2 Months Holds Little Promise, Euro Sinks EURUSD

A hefty gap higher followed by absolutely no follow through: the performance from the benchmark US equity index is a remarkable stand in for the sentiment conducting the pace of sentiment across the financial system.


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NZDUSD Tumbles Through Support as RBNZ Hints Rate Cut as Next Move

NZD/USD tumbled, clearing support as the RBNZ left rates unchanged and hinted that it is more likely that its next rate move could be a cut as risks to the outlook shifted lower.


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Yen Weakens as Crude Oil Prices Rise. NZD May Fall on Dovish RBNZ

The anti-risk Japanese Yen fell as sentiment mostly improved and crude oil price gains fueled energy sector stocks. Ahead, NZD/USD may fall if the RBNZ talks up rate cut prospects.


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NZD/USD Rate Outlook Remains Constructive Ahead of RBNZ Meeting

The RBNZ meeting may shake up the near-term outlook for NZD/USD as the central bank shows little to no interest in altering the outlook for monetary policy.


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Top 5 FX Events: March RBNZ Meeting & NZDUSD Price Outlook

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


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Italy’s Embrace of Chinese Investment May Ignite US-EU Tension

A visit from Chinese President Xi Jinping to Italy may ignite geopolitical and trade war concerns after the two countries signed $2.8 billion in new deals.


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FX Price Action Setups in EURJPY, NZDUSD and USDCAD

It’s been a busy start to 2019 but, for all intents and purposes, the US Dollar hasn’t done much by way of excitement.


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Currency Volatility: New Zealand Dollar Eyes RBNZ Rate Review

The Reserve Bank of New Zealand's upcoming interest rate decision has potential to send spot NZDUSD swinging according to overnight implied volatility.


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Gold Price Outlook: XAU/USD Rally Folds from Fibonacci Resistance

Gold prices have eased back from technical resistance near four-week highs. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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Oil RSI Flirts with Overbought Territory as OPEC+ Plans to Meet in May

Recent price action raises the risk for a further advance in crude oil as the Relative Strength Index (RSI) continues to flirt with overbought territory.


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Oil Price Re-Tests $60 as Yen-Strength Steps Back; EURUSD Tests Range

The Q2 open nears as a number of FX themes remain of interest, and risk aversion has taken a step back after re-appearing following FOMC last week.


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Brexit Votes, US Data & Equity Market Rebounds - US Market Open

Sterling remains volatile after PM May looks set to cede control of Brexit to Parliament while the US dollar waits for a raft of data releases. In the equity space, markets turn positive after recent losses.


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Market Sentiment Dented By Economic Slowdown Fears | Webinar

Traders remain confident about the outlook for the markets but sentiment is less positive than it has been and haven assets like gold and US Treasuries are benefiting.


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US Dollar Price Continues to Stabilize But Next Move Could be Lower

USD is more stable after last Wednesday’s sharp fall but a further decline cannot be ruled out.


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Trading Forecast for NZDUSD, CADJPY, Gold Price & More

Today, we looked at a few charts of interest, with important levels undergoing test in a couple of pairs while gold continues to trade neatly within the confines of a channel.


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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...