Wednesday, 27 March 2019

Will GBP Rally Resume With PM Theresa May’s Resignation Offer?

Theresa May is said to step down from her position as UK's Prime Minister to get her Brexit deal across Parliament's finish line. The news could provide clarity to the previously-clouded path to Brexit and help push the British Pound higher.


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Gold Prices Risk Larger Pullback as Fed Defends Wait-and-See Approach

Gold snaps the recent series of higher highs & lows, with the price for bullion at risk for a larger pullback as Fed officials defend the wait-and-see approach.


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GBP/USD Technical Analysis: Eerily Calm - Remain Cautious

Cable (GBPUSD) has quieted down this week as a short-term range formation has built on the chart. That can be a dangerous formation to plot for continuation given the frenetic price action that was on display.


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S&P 500 : Traders Net-Short Increased by 7.7% from Last Week

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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EUR/USD: Traders Increase Net-Long Positions from Last Week

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


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GBPUSD: Traders Net-Long Increased by 13.2% from Last Week

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


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Bitcoin: 78.1% of Traders Are 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 Bitcoin-bearish contrarian trading bias.


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The Bank of England: A Forex Trader’s Guide

Learn how the Bank of England’s (BOE) monetary policy affects the Pound Sterling (GBP)


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Kiwi Price Outlook: NZD/USD Post-RBNZ Sell-Off Targets Yearly Support

Kiwi is off nearly 2% from the monthly highs on the back of the RBNZ rate decision. Here are the targets & invalidation levels that matter on the NZD/USD charts.


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DJIA: Dow Bull Pennant Offers Clear-Cut Invalidation Level

A very strong January and February has seen the Dow spend most of March on its back foot. But is doom and gloom ahead, or are prices gearing up to rip around the Q2 open?


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US Dollar Gains as Yields Drop; US-China Trade War Update; Brexit Latest

The DXY Index is down for a fourth day as the European currencies continue to make up ground as hopes to avoid to a “hard Brexit” scenario are building.


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EURUSD Bounces from 1250 as Kiwi (NZDUSD) Crumbles From Resistance

Ranges and congestion remain across a number of FX pairs with the end of Q1 drawing near; but a pronounced reaction in NZDUSD showed last night in response to RBNZ.


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Crude Oil Prices May Resume Their Advance

Crude oil prices are marginally weaker Wednesday after the latest US inventory data but the fundamentals remain positive.


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Brexit Latest Curbs Sterling, RBNZ Turns Dovish - US Market Open

Sterling (GBP) traders are sitting on their hands ahead of a series of indicative Brexit votes later today. On the other side of the world, the RBNZ highlights reasons for an interest rate cut ahead.


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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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Trading Outlook for Gold Price, Crude Oil, Dow Jones, DAX 30 & More

Channel in gold offers clean guide, crude oil near upper-end of channel, Dow could be building triangle pattern, while the DAX may be heading lower soon.


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S&P 500 and Dow Jones Charts May Be Working Towards Tradeable Formations

The S&P 500 may be in the process of developing a rising wedge while the Dow works on a symmetrical triangle under resistance, more time needed but explosive move could develop with time.


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EURUSD Price Remains Under Pressure, ECB’s Draghi Reiterates Downside Risks

The Euro continues to trade below 1.1300 against the US dollar with the latest downside nudge fueled by today’s ECB caution.


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Brexit Votes May Distract From Global Slowdown Worries

Financial markets may be distracted from worries about a slowdown in global economic growth as traders eye another round of votes shaping the trajectory of Brexit.


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GBPUSD Outlook: Brexit Voting in Parliament to Dominate Trading

The GBPUSD price is still heading lower ahead of another important day for Brexit but day traders should be wary of extreme volatility.


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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...