The recent advance in the price for gold appears to have stalled following the FOMC Minutes as it snaps the series of higher highs and lows from earlier this week.
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Thursday, 11 April 2019
Becoming a Better Trader – Pullbacks Versus Reversals
In this webinar, we discussed how to best identify when a pullback is indeed just that and when it could be a full-blown reversal.
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Gold Price Trend May Soon Reverse Higher per Sentiment
Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.
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USDJPY: Traders Net-Long Increase by 4.7% from Last Week
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.
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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch
All currencies are not the same; emerging market FX trades differently than developed market FX.
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USD is King in Low Currency Volatility Environment, Gold Drops Below Support - US Market Open
USD finds support amid the compelling carry under low volatility environments. Investors eye slew of Fed speakers.
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US Dollar Price Action Setups in EUR/USD, GBP/USD and USD/JPY
The US Dollar has held short-term support after the release of FOMC meeting minutes, and this keeps digestion setups front-and-center in EUR/USD, GBP/USD and USD/JPY.
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FTSE Technical Outlook Following Brexit ’Agreement’; GBP Correlation a Factor Again
The FTSE saw very limited activity following Brexit extension, coming off trend-line; inverse correlation to GBP has strengthened again.
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AUDUSD Price Outlook Positive, Australian Federal Election Set for May 18
The downward trend in AUDUSD, in place since late January, looks to have ended as eyes turn to an Australian Federal election to take place in the middle of next month.
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GBPUSD Chart Has ’Pattern Inside Pattern’ Potential, Could Lead to Big Move
GBPUSD has been full of indecision with 'Brexit' headlines, but with that a set of clear price sequences are beginning to become visible; could lead to a big move.
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S&P 500 Outlook: Investors on Edge Ahead of Earning Season
Volatility may return as investors focus on the upcoming earning season with financial names set to report.
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Crude Oil Price Remains Firm as OPEC Cuts Curb Oversupply
Crude oil production cuts have sent prices to a five-month high as the imbalance between supply and demand continues to unwind.
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Gold Price Outlook Still Positive as Global Slowdown Fears Persist
Enduring concerns about a worldwide economic slowdown and ongoing worries about trade protectionism are continuing to attract investors to safe-haven gold.
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GBPUSD Price Shrugs Off Brexit Extension, Sterling’s Bid Remains
The EU have offered an extension to Article 50 until October 31 with a break before that date possible if the UK passes the Withdrawal Agreement. Sterling remains slightly better bid in the face of yet more aimless can kicking.
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Wednesday, 10 April 2019
Norwegian Krone Jumps on CPI, Swedish Krona Eyeing Inflation Data
NOK, SEK largely ignored volatility triggers from the ECB, Fed and Brexit-related developments with the Krone jumping on CPI. The Krona is now waiting for the release of local inflation data.
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World Equity Outlook Grimmer as Asia Stocks Fall, FTSE 100 Next?
The world equity outlook is looking grimmer after Asia stocks traded lower with the passing of the ECB meeting and FOMC minutes. Besides the S&P 500 and the DAX, the FTSE 100 may also be topping.
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Gold Prices at Key Technical Barrier, Crude Oil Prices Vulnerable
Gold prices are pushing up against make-or-break technical resistance. Crude oil prices may fall if global slowdown fears and a downbeat IEA report.
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AUD/USD Upside Breakout Needs Confirmation After In-Line China CPI
The AUD/USD breakout higher needs confirmation after in-line China CPI data. For now, the Australian Dollar may rise towards resistance, awaiting Chinese trade and loan data.
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S&P 500 and VIX Belie Financial Risks Even the IMF is Telegraphing
The IMF followed its downgrade on growth forecasts with a warning over a list of financial threats moving forward. Markets seemed to pay the concern little head, but how should you as a trader account for the risks?
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NZD/USD Technical Analysis: Upswing May Offer Short Trade Setup
The New Zealand Dollar has broken six-month support, hinting the downtrend against its US counterpart is resuming. Retesting resistance may precede a selloff however.
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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....