Friday, 12 April 2019

AUDUSD Flirts with 200 Day Moving Average, AUDJPY Earns Strong Break

Is the Australian Dollar starting to rekindle its correlation to general risk trends or perhaps this climb is self-motivated? With tentative bullish breaks being put in, conviction should be a technical trader’s primary focus.


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Australian Dollar Outlook Bearish on RBA. AUDUSD Eyes China Q1 GDP

The Australian Dollar outlook is bearish given the risks of pessimistic RBA minutes and US earnings which may offset AUD/USD gains on local jobs data and China first quarter GDP.


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Top 5 Events: March Canada Inflation & USDCAD Price Forecast

The March Canada inflation report is due on Wednesday, April 17 at 12:30 GMT.


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Top 5 Events: March UK Inflation & GBPJPY Price Forecast

The March UK Consumer Price Index is due on Wednesday, April 17 at 08:30 GMT.


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Top 5 Events: Q1’19 China GDP & USDCNH Price Forecast

The Q1’19 China GDP report is due on Wednesday, April 17 at 02:00 GMT.


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Currency Volatility: What Does AUDJPY Price Action Suggest for Risk Assets?

AUDJPY implied volatility measures nearly halved since the start of this year alongside rebounding market optimism which has bolstered risk assets - but what could this mean for markets ahead?


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Top 5 Events: Q1’19 New Zealand CPI & NZDUSD Price Forecast

The Q1’19 New Zealand Consumer Price Index is due on Tuesday, April 16 at 22:45 GMT.


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

The second quarter of the year has started off the way much of Q1 played out, which is with digestion and congestion across major FX pairs.


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S&P 500 Grasps at New Highs as Retail Traders Fear Past Declines

Investors may be more cognizant of risk as the S&P 500 approaches levels that marked previous peaks. Mutual fund flows reveal that retail traders have looked to reduce exposure even as the index climbs.


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Aussie Price Outlook: Australian Dollar Breakout Faces First Test

Aussie is top performer against the US Dollar this week with the price breakout now at testing resistance targets. Here are the levels that matter on the AUD/USD charts.


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EURUSD Rate Outlook Guided by March Range Following ECB Meeting

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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Unviersity of Michigan Consumer Sentiment Index Misses Estimates

The University of Michigan consumer sentiment reading missed estimates this morning as consumers feel the economy can be cooling off.


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US Dollar Sidelined as Surging Stocks See AUDJPY, EURJPY Breakout

Many significant concerns are being resolved or kicked down the road, giving investors enough of reason to increase their appetite for risk.


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GBP Technical Analysis: GBP/USD Pushes Towards Triangle Resistance

It's been a quiet start to Q2 after a riveting finishing to Q1 for the British Pound, and GBPUSD is working deeper within a descending triangle formation.


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Gold Price Technical Outlook: GLD Drops Toward Key 2019 Support

Gold Prices Remain in digestion to go along with a number of other macro markets. But a breakout may be soon brewing as price action continues to narrow.


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EURUSD Tops 1.13, USDJPY at Resistance, Crude Oil Gains- US Market Open

Euro firms on Tokyo Fix related demand in EURJPY as well as China’s credit splurge, while USDJPY edges towards 112.00 resistance.


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Charts for Next Week: EURUSD, GBPUSD, Gold Price & More

The Euro continues to grind its way higher towards resistance, Cable is ready for a breakout, while gold continues to nicely fill out a descending wedge formation.


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Gold & Silver Prices Moving Closer to Triggering Technical Patterns

Precious metals continue to trade with a generally negative tone, moving towards completing bearish formations that should soon lead to larger slides.


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Crude Oil Analysis: Bulls Remain Firmly in Control

Rising geopolitical premium stemming from Libya continue to support oil prices, while China’s rebound also adds to upside.


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US Dollar (DXY) Price Latest: Giving Back Short-Term Gains

The US dollar is giving back all of Thursday’s gains and is nearing lows last seen at the end of March. US bank earnings and Univ of Michigan Sentiment will help steer price-action going into the weekend.


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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...