Gold Price Outlook: XAU Reversal Targets Consolidation Resistance

Gold is up nearly 1.4% this week with price now targeting multi-month consolidation resistance. Here are the targets & invalidation levels that matter on the XAU charts.


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US Dollar Pares Early Losses Following March Fed Minutes Release

The US Dollar is rebounding higher in response to details found in the Federal Reserve's publication of its March FOMC meeting minutes.


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S&P 500 : Net-Short Positions Continue to Increase

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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GBPUSD: 69.7% of Traders Are Net-Long

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


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EURUSD: Traders Increase Their Net-Short Positions

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 by 3.4% from Last Week

Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.


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EURUSD Rate Risks Larger Recovery on Wait-and-See ECB Policy

The failed attempt to test the 2019-low (1.1176) may foster a larger recovery in EUR/USD as the ECB endorses a wait-and-see approach for monetary policy.


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USDCAD April Range on Radar as U.S. CPI Fails to Sway Fed Outlook

USD/CAD may stage a larger rebound following the updates to the U.S. Consumer Price Index (CPI) as the exchange rate initiates a fresh series of higher highs and lows.


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Canadian Dollar Weekly Price Outlook: USD/CAD Grinds at Resistance

Loonie is virtually unchanged since the start of the year with price in consolidation below key resistance. Here are the levels that matter on the USD/CAD weekly chart.


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US Dollar Price Outlook: Can Bulls Breakout Around FOMC Minutes?

The FOMC went dovish in March and this helped to extend the risk-on market mood from Q1; but will today’s meeting minutes release echo market expectations?


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US Dollar Gains as US Inflation Beats, ECB Undercuts Euro on Rates

Euro weakness is underpinning early gains by the DXY Index on “Super Wednesday.”


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EURUSD Dips on Dovish Draghi, GBPUSD Eyes Brexit Summit, AUDUSD Buoyed - US Market Open

The Euro dipped to session lows as Draghi reiterated his dovish stance. UK GDP surprise fails to support GBP, while the Aussie is lifted on RBA comments.


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EURUSD Price Edging Higher, ECB Leaves Monetary Settings Unchanged

The European Central Bank has left its monetary policy unchanged, as expected, with no further details on TLTRO-III, no news on possible tiered deposit rates and no change in its economic forecasts.


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How to Trade Consistently Without Having the Perfect Strategy

Building an edge in trading is more to do with a consistent method you are comfortable with than a perfect system.


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Crude Oil at Big Spot on Chart; Technical Outlook for Gold Price, Dow & More

WTI crude oil is at another big point of resistance, gold is working on what could be a wedge formation, Dow backs down into support while S&P 500 builds rising wedge...


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EURUSD Price Outlook: Primed for ECB, FOMC & Brexit Triple-Header

EURUSD is treading water ahead of the latest ECB monetary policy decision and the release of the FOMC minutes later in the session. Add into the mix the EU Summit meeting where Brexit tops the agenda.


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EURUSD Rebound Vulnerable to Strong U.S. Consumer Price Index (CPI)

Updates to the U.S. Consumer Price Index (CPI) may spur a bullish reaction in the dollar as the headline reading is projected to increase to 1.8% from 1.5% in February.


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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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