Tuesday, 2 April 2019

Dow’s Growth Rally Stalls, EURUSD Still Hasn’t Committed at 1.1200

The growth-led charge in risk assets to start the week, month and quarter has already stumbled. Will data ahead revive or capsize risk trends? Meanwhile, will EURUSD break or reverse at 1.1200?


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British Pound Gains on Cross-Party Brexit Deal Path, JPY May Fall

The British Pound rose as UK Prime Minister Theresa May sought a cross-party Brexit deal. Asia Pacific stock may trade higher, AUD/JPY remains in limbo after bearish price signals.


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British Pound Gains on Cross-Party Brexit Deal Path, JPY May Fall

The British Pound rose as UK Prime Minister Theresa May sought a cross-party Brexit deal. Asia Pacific stock may trade higher, AUD/JPY remains in limbo after bearish price signals.


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Second Quarter 2019 Forecasts for the US Dollar, Pound, Gold, Equities, and More

The first quarter of 2019 produced significant technical reversals across multiple asset crosses, setting up what should be a crucial second quarter of 2019.


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Gold Q2 Forecast: Bets for Fed Rate-Cut Fosters Bullish Outlook

Gold may continue to catch a bid in the second quarter of 2019 as the Federal Reserve adjusts the forward guidance for monetary policy.


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Equities Q2 Forecast: Stock Markets Feel Pressure of Waning Global Growth, Yield Curve

With the continued uncertainty from the US-China trade war, adverse effects from waning global growth and an inverted yield curve, the risks appear skewed to the downside for equities heading into the second quarter.


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US Dollar Q2 Forecast: Dollar Either Principal Safe Haven or Falling Star

Through March, the Dollar (via DXY) closed its fourth consecutive quarter of advance, that is the longest series of gains on that time frame since the similar stretch through the first quarter of 2009.


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Oil Q2 Forecast: How Will Crude Oil Prices Budge Between Weak Growth, Undersupply?

Can the downward pressure on crude oil prices from weakening global demand be offset by the stimulative measures from OPEC+ cuts, and from US-imposed sanctions on Iran and Venezuela?


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British Pound Q2 Forecast: Sterling’s Future Defined by Brexit Outcome

Nearly three years after the UK voted to leave the European Union (EU), the situation is no clearer than it was on day one – but that could change in the second quarter.


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Japanese Yen Q2 Forecast: A Haven in a World Which Needs One

The Japanese Yen spent much of the first quarter under pressure.However, as March bows out, it seems that that risk appetite is at last buckling.


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Euro Q2 Forecast: Weak Price Outlook amid Political Uncertainty, Heightened Growth Concerns

The European economic environment yields nothing more than a gloomy picture, which could continue to hobble the Euro into the second quarter.


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Australian Dollar Tumbles After Dovish RBA Despite Unchanged Rate Cut Bets

Dovish language from the Reserve Bank of Australia sent spot AUDUSD prices plunging to their lowest level since March 14, but OIS probabilities for future rate cuts remain largely unchanged.


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Traders Look for Reason Behind Bitcoin Rally - Here’s 1 Possible Answer

It was the best day of the year for cryptocurrency markets, and Bitcoin’s best day since December 26, 2017.


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AUD/USD Forecast: Narrowing Trade Surplus to Fuel Post-RBA Weakness

AUD/USD threatens the range-bound price action from the previous week, with Australia’s Trade Balance report anticipated to show a narrowing surplus in February.


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S&P 500 Outlook: Index Eyes Services Data, Trade War Progress

The S&P 500 will look to Wednesday’s release of ISM services data while headlines regarding the US-China trade war could see investors double-down on recent optimism.


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Brexit Latest: GBPUSD Moves Above 1.3100 as UK PM May Seeks Extension

UK PM May will seek another short-term extension to the Brexit deadline (currently April 12) while calling for "national unity."


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Near-term Trade Setups in EUR/USD and NZD/USD

An update on near-term trade setups we've been tracking in EUR/USD and NZD/USD. These are the targets and invalidation levels that matter this week.


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Sterling Price Outlook: Pound at Key Support as Brexit Saga Continues

Sterling is trading within the confines of a near-term consolidation pattern just above key support. Here are the levels that matter on the GBP/USD charts this week.


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EURUSD: Traders Net-Long Increased by 75.1% 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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Bitcoin Net-Long traders Increased 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 Bitcoin-bearish contrarian trading bias.


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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...