Saturday, 6 April 2019

Gold Weekly Technical Outlook: XAU in Search of Support into 2019 Low

Gold is virtually unchanged on the week but remains vulnerable to further losses early in the month. These are the levels that matter on the XAUUSD weekly chart.


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Gold Prices at Risk with ECB Rate Decision, FOMC Minutes in Focus

Gold prices may fall if downbeat comments from the ECB and the Fed spur haven demand for US Dollar. Lower bond yields may help cap the downside.


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US Dollar Weekly Forecast: ECB Meeting, US Inflation, Fed Minutes on Tap

The US Dollar will deal with several important data releases over the coming week, including US inflation data and the Fed meeting minutes.


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US Dollar Weekly Technical Forecast: Can USD Bulls Post a Breakout?

US Dollar strength has held into Q2, and the ascending triangle continues to highlight USD’s longer-term congestion. Is this the week that USD bulls finally make push?


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Sterling Weekly Technical Outlook: GBPUSD & EURGBP Trends Creaking

The 2019 dominant trends for both GBPUSD and EURGBP are under pressure and short-term price action must be watched carefully for any reversal or follow-through signals.


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Sterling (GBP) Fundamental Outlook: Leaning Towards a Softer Brexit?

A softer Brexit outcome is beginning to look more likely after the UK Parliament took a no deal Brexit off the table, while the potential for a year long Article 50. delay may usher in a second referendum.


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Friday, 5 April 2019

Crude Oil Prices Hit Fresh 5-Month High with Eyes Glued on Dow and Risk

US crude oil prices put in for another impressive 5 percent climb this past week. That ups the tally for consecutive bullish weeks to five – matching the longest stretch in three years. How steady is this trend?


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Crude Oil Prices Risk Fresh 2019 Highs as RSI Sits in Overbought Territory

Crude oil prices may trade higher over the coming days as the Relative Strength Index (RSI) sits in overbought territory for the first time in 2019.


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Dow Record Is Within View; Traders Committing to Dollar, Euro, Pound Ranges

The Dow is within reach of a record high, but risk appetite of that measure is far from universal. Is there confidence to be found in trade war breakthroughs or monetary policy to compensate for an unmistakable economic downturn?


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Top 5 Events: March Fed Meeting Minutes & EURUSD Price Outlook

The minutes from the March Fed meeting are due on Wednesday, April 10 at 18:00 GMT.


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Top 5 Events: March US Consumer Price Index & USDJPY Price Outlook

The March US Consumer Price Index is due on Wednesday, April 10 at 12:30 GMT.


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AUD/USD Outlook Mixed, AUD/NZD and GBP/AUD Flirt with New Trends

The Australian Dollar technical outlook versus the US Dollar, New Zealand Dollar and British Pound is analyzed. AUD/USD choppiness may end while AUD/NZD, GBP/AUD face new trends.


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Australian Dollar Could Ride US-China Trade Hopes Higher Again

The Australian Dollar still completely lacks domestic monetary policy support, and that will weigh on it more heavily in time. However, for now trade is running the table.


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Forex Market Volatility: Currency Options Imply Muted Price Action Next Week

Implied volatilities on 1-week forex options contracts have dipped resulting from tame expectations for price action next week. Yet, currency traders could see a volatility jolt in response to upcoming event risk.


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Top 5 Events: April ECB Meeting & EURJPY Price Outlook

The April European Central Bank rate decision is on Wednesday, April 10 at 12:45 GMT.


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Top 5 Events: February UK GDP & GBPJPY Price Outlook

Consensus forecasts expected UK industrial and manufacturing production to have contracted in February, and for GDP to come in flat.


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S&P 500 Earnings: Investors Brace for Season Start, Big Bank Results

Earnings season begins in earnest next Friday when some of the country’s largest banks are due to report their performance from the prior quarter. Ahead of the reports, investors seek exposure.


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FX Price Action Setups in EUR/USD, GBP/USD, AUD/USD and USD/CAD

Q2 has started with a continuation of congestion in major FX markets, and next week brings the quarter's first significant rate decision with the ECB on Thursday.


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US Dollar Price Gains on US Jobs Report; US-China Trade War Update; Brexit Latest

Reassessment of expectations around the US economy's Q1’19 performance has filtered through into rate expectations becoming more supportive for the US Dollar.


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Gold Prices Risk Larger Rebound Amid Failed Attempts to Test 2019-Low

Gold pares the decline from earlier this week following the U.S. NFP report, with the price for bullion marking another failed attempt to test the 2019-low ($1277).


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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...