Monday, 15 April 2019

Bitcoin (BTC), Ripple (XRP) & Ether (ETH) Price Levels to Watch

The recent cryptocurrency surge higher has tailed off and the three largest coins now need a fresh driver to re-take recent highs again.


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Crude Oil Price Latest: Positive Bias on Heightened Political Woes

Crude oil continues to trade at lofty levels as worries over the political backdrop in Libya and Venezuela remain at elevated levels.


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Gold Prices Inch Closer to Confirming Top, US Bank Earnings Eyed

Gold price are inching closer to confirming a large technical topping pattern and triggering trend reversal. Earnings reports from Goldman Sachs and Citigroup are due.


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Sunday, 14 April 2019

Asian Stocks Broadly Higher As China Hopes Endure, Focus on GDP

Asia Pacific equity started a new week quite positively, with risk appetite stoked by tentative hopes that China’s economy may be picking up a bit of steam


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Swedish Krona, Norwegian Krone Eyeing Key Global Growth Data

The Swedish Krona and Norwegian Krone will be watching a cascade of key growth indicators out of the US and Europe, potentially stoking volatility in SEK and NOK.


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Japanese Yen Technical Analysis: USDJPY Creeps Back Into Uptrend



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CAD Suffers As Alberta Election Creates Unprecedented Political Risk

The Canadian Dollar fell against all of its major counterparts early into Asia’s Monday trading session as updates from the Alberta election weigh on the oil-tracking currency.


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Weekly Technical Forecast: A EURUSD Reversal, USDJPY Break and S&P 500 Near Record, But Momentum?

There were a range of impressive technical moves this past week across the markets. Will we find momentum to supplant the tentative breaks and reversals already secured?


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Weekly Trading Forecast: Will Risk Trends Carry Dow to Record and Restore Yen Crosses?

The favorable trends in risk appetite robust enough to restore a genuine phase of risk appetite or is this simply another bout of temporary respite from reality?


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How to Create a Trading Plan in 7 Steps

A trading plan provides the framework for disciplined and successful trading. Find out what a trading plan is and how to make one.


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Dow Jones, S&P 500, DAX 30, and FTSE 100Technical Forecast

After the Dow Jones and S&P 500 gapped higher on Friday, they will look to recapture record levels in the week ahead. Meanwhile, the DAX and FTSE may consolidate before a continuation higher.


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S&P 500, DAX Outlook: EU/US Trade War Brewing

S&P 500 hovers around 2900 with record highs in sight, while DAX dismisses early stages of a potential EU/US trade war.


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Gold Price Weekly Forecast: Outlook Weakens as Brexit, Trade War Risks Subside

Gold prices took a big hit at the end of the week when measures of implied volatility sunk across bond, currencies, and equities markets – a sign that risks are seemingly subsiding.


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Saturday, 13 April 2019

EUR/USD Attracts Bears, But Price Momentum May Reverse Higher

Don’t look now, but the Euro is appreciating, and the bears are fighting. Despite the CFTC data and IG Client Sentiment showing an increasing short picture, traders should watch the price patterns for a potential price increase on a position unwind.


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Euro Fundamental Outlook: Will Data Support EURUSD Break?

Markets are likely to stay quite next week as Easter nears, but data releases through the week may well decide if EURUSD can retain the 1.1300 level in the short-term.


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Gold Price Weekly Technical Outlook: XAU Doji Threatens Deeper Losses

Gold is virtually unchanged on the week as price trades into monthly open resistance. These are the levels that matter on the XAUUSD weekly chart.


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US Dollar Technical Outlook: USD Searches for Direction Amidst Wedge

The US Dollar remains mired in uncertainty as it continues to build a broad ascending wedge; top and bottom-side levels to pay attention to.


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US Dollar Looks to Earnings, Economic Data to Shape Growth Bets

The US Dollar will be looking to first-quarter corporate earnings reports and a slew of macroeconomic data releases to shape global growth bets amid fears of slowdown.


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Sterling Weekly Technical Outlook: GBPUSD, EURGBP and GBPJPY

Sterling remains a mixed bag against three other majors but continues to trade with a Soft Brexit outcome priced in. Technicals remain supportive but any fundamental Brexit shift could ramp up volatility and break current support and resistance levels.


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GBPUSD Rate Defends Bull Trend Ahead of UK CPI Amid Brexit Extension

GBP/USD may continue to defend the bull-trend from late-2018 should fresh data prints coming out of the UK put pressure on the BoE to further normalize monetary policy.


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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...