Wednesday, 10 April 2019

S&P 500 Chart Pattern Still Forming, Nasdaq 100 Near Resistance, Dow Support

There is a bit of a mixed bag here on the technical front, but still looking bullish for now unless certain technical events develop further.


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Currency Volatility: GBPUSD Volatility Surges Amid Emergency EU Summit

GBPUSD volatility have jumped ahead of the EU summit, while EURUSD volatility is at the highest in a month with focus on the ECB meeting.


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UK GDP Up 0.2% in February, GBP Price Depends on Brexit Extension Talks

The UK economy grew unexpectedly in February but GBP traders will look to Brexit extension talks for clues to whether the GBPUSD price will break out of its recent trading range.


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Crude Oil Analysis: Oil Prices Most Overbought Since Q4 Crash

Crude oil prices hover around 5-month highs amid rising geopolitical premium stemming from Libya. However, eyes will also focus on Iranian oil waivers.


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Bitcoin (BTC): Bullish Price Action May Breach $6,000 or More

Bitcoin’s latest rally may have further to go with a range of positive technical signals appearing on the chart. A breach of $6,000 is looking likely if the current positive bias remains.


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Yen, US Dollar May Rise as Grim ECB, FOMC Sour Market Mood

The anti-risk Japanese Yen and US Dollar may rise as a dovish tone in the ECB policy announcement and March Fed meeting minutes undermine market sentiment.


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Tuesday, 9 April 2019

Norwegian Krone, Swedish Krona Eyeing Brexit, ECB, FOMC

NOK, SEK – along with global markets – will be eyeing tomorrow’s release of the FOMC meeting minutes, the ECB rate decision and the EU’s verdict on whether the UK will get an extension.


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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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Crude Oil Prices May Fall on ECB, FOMC Global Slowdown Fears

Crude oil prices may fall ECB and FOMC rhetoric highlights policymakers’ worries about slowing global growth, souring market-wide risk appetite.


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DAX 30, S&P 500 Reversal Look to ECB, FOMC Minutes as Stocks Fall

An S&P 500 and DAX 30 bearish reversal comes into the spotlight on the ECB rate decision and FOMC minutes after Asia equities declined, extending the downturn in financial markets.


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Euro Shivers, Dax and S&P 500 Fall on IMF Outlook, Italy Growth

Equity indices across the Atlantic fell as the IMF released its forecast for global growth following publications of Italy’s widened budget deficit and revised economic outlook.


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US Dollar to Gain Versus Malaysian Ringgit? USDPHP, USDIDR May Fall

The US Dollar may extend its bullish reversal versus the Malaysian Ringgit. Meanwhile, USD/PHP and USD/IDR prices may fall after support was taken out. USD/SGD still in consolidation.


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S&P 500 Breaks Most Consistent Bull Trend in 15 Years, Ready for EURGBP Shock

The IMF delivered a further downgrade to its growth forecast and refreshed its list of concerns over financial risks. The occasion earned the S&P its first slip in 9 trading days, but is a more charged reversal in store?


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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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Top 5 Events: April ECB Meeting & EURJPY Price Outlook

The April European Central Bank rate decision is on Wednesday, April 10 at 11:45 GMT.


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S&P 500 Drops Reversal Warning, Equities Brace. Yen to Extend Rise

The S&P 500 left behind a reversal warning amidst rising EU-US trade war concerns and the IMF downgrading the 2019 outlook. Equities are bracing in Asia as the Yen may extend gains.


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Oil Prices Remain Overbought Even as IMF Cuts Global Growth Forecast

Crude pulls back from a fresh 2019-high ($64.79) as the IMF cuts its growth forecast, but the bullish price action may persist as the RSI sits in overbought territory.


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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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Tech Sector: Highest Ratio to the S&P 500 Since Dot-Com Bubble

The S&P 500 tech sector has pressed to new heights. Meanwhile, trading volume for the index reached a 5-month low ahead of tomorrow’s central bank double-header.


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US Dollar Price Action Setups Ahead of FOMC Minutes

Tomorrow brings the highlights of this week’s economic calendar, and all of the US Dollar, the Euro and Gold prices are waiting for a break. But – will it happen?


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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...