An eight-day rally is an occasion that will draw considerable speculative interest – especially when the target is S&P 500 with a 15-year pedigree and is so close to record highs. Does the EURUSD’s inverse H&S deserve as much attention?
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Monday, 8 April 2019
USD/SEK, USD/NOK Outlook Aiming to Break Above Key Resistance
USDSEK, USDNOK may be stuck within their own respective ranges but upward momentum and fundamental triggers may push the Swedish Krona and Norwegian krone beyond key resistance.
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EUR/USD Gains Undermined by EU-US Trade War Fears, Yen May Gain
Overnight EUR/USD gains were undermined after the USTR proposed levying tariffs on European products, fueling concerns about US-EU trade wars. Ahead, the anti-risk Japanese Yen may rally.
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Gold & Silver Searching for Bottom as USD/JPY Outlook is Bullish
Gold and silver prices keep looking for a bottom. USDJPY Elliott wave pattern is longer term bullish.
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Canadian Dollar Climbs with Crude Oil, USDCAD Falls to Support
Strong gains in crude oil are helping push the Canadian Dollar higher, particularly against the US Dollar. However, USDCAD now looks to base at key technical support.
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S&P 500 Extends Winning Streak to 8 Days Despite Downgrades
The S&P 500 added to its recent winning streak, resulting in an eighth consecutive day of higher daily closes even amid a slew of downgrades from analysts on the Street.
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US Dollar Bearish Topping Pattern Fuels Improved Gold Price Forecast
The DXY Index’s worst day since the March Fed meeting is helping fuel price gains by commodities.
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AUDUSD April Range in Focus Ahead of RBA Financial Stability Review
The April opening range is in focus for AUD/USD as the Reserve Bank of Australia (RBA) prepares to release the semi-annual Financial Stability Review (FSR).
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Oil Weekly Price Outlook: Crude Rips into Resistance, Five-Month High
Crude Oil is up more-than 33% since the start of the year with the breakout now testing key technical resistance. Here are the levels that matter on the WTI weekly chart.
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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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GBPUSD Outlook Mired Ahead of Brexit Summit by Bearish RSI Formation
GBP/USD may struggle to hold its ground ahead of the European Union (EU) Summit on Brexit as the bearish momentum appears to be gathering pace.
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Weekly Trade Levels for Euro, Sterling, Loonie, Gold, Oil & More
Webinar highlighting active trade setups we’re tracking into the start of the week, month and quarter. Here are the updated targets & invalidation levels that matter.
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FX Week Ahead - Top 5 Events: UK GDP; ECB Meeting; US CPI; Fed Minutes
Brexit news, the European Central Bank, and the Federal Reserve will all be jockeying for the spotlight this week.
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Sterling (GBP) Week Ahead: Brexit Summit, ECB and FOMC Minutes | Webinar
The week kicks-off in earnest on Wednesday when a clutch of high importance events collide. Volatility is expected to increase as we near a Brexit Summit, the ECB monetary policy decision and the release of the latest FOMC Minutes.
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Euro Price Outlook: EUR/USD, EUR/JPY Rally from Key Chart Supports
This could be a big week for the Euro: The ECB rate decision is on Wednesday, and both EURUSD and EURJPY are bouncing after tests of key support areas on the chart.
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USD Drops to Support, Gold & Crude Oil Buoyed, EURUSD Recovers- US Market Open
USD softer against its major G10 counterparts, while crude oil jumps to 5-month highs to benefit commodity currencies.
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Weekly Technical Forecast: Dollar, Equities and Crude Oil Advance Together
Risk-leaning assets like equities and crude oil marked meaningful advances this past week, but the breadth out to carry trade and even the Dollar as a carry currency speaks to the depth of the march.
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Weekly Trading Forecast: Risk Appetite Overcomes Growth Concerns
Despite regular warnings over the health of the global economy, the markets continue their advance in pursuit of capital gains.
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Currency Volatility: GBPUSD, EURUSD Outlook Ahead of ECB, Fed & EU Summit
GBPUSD volatility continues to remain highest in G10 space, with Brexit extension likely at EU summit. EURUSD volatility muted despite ECB and Fed releases.
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Dollar Charts to Watch – EURUSD & GBPUSD Trading at Or Near Support
The Dollar as a whole is trading near resistance while the Euro and Cable both have support at or near current levels.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....