Thursday, 18 April 2019

NZDUSD, AUDUSD, Crude Oil Technical Setups for Next Week

NZDUSD bearish outlook to deepen on support break, while AUDUSD gains are curbed by 0.7200 handle. Crude oil edges towards $65.


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Charts in Focus – EURUSD Bear-flag, GBPUSD Wedge

The Euro's trading bias has turned decisively lower, while GBPUSD looks near figuring out which way it wants to head...


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EURUSD Outlook: Strength Ebbs as PMIs Point to Flat Eurozone Economy

This month’s climb in EURUSD looks to have run out of steam, with Eurozone PMIs released Thursday suggesting that China’s tentative economic recovery has yet to filter through to Europe.


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Gold Price Looks Oversold, Silver Price Perched on Support

Gold in now trading in extreme oversold territory, according to one indicator, and may see a short-term pullback going into the long weekend.


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FTSE Chart Outlook – Trading at Important Trend-line Resistance

The FTSE is up against the tend-line off the record high and so far struggling to cross above, puts risk to the downside.


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Wednesday, 17 April 2019

Euro and Stocks May Fall on Gloomy Data, Italy Instability Fears

The Euro may fall with stocks while the Yen gains as economic data flow fails allay global slowdown fears and worries about political instability in Italy resurface.


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Swedish Krona Watching Unemployment Data - NOK, SEK Eye Europe

The Swedish Krona will be waiting for the release of Sweden’s unemployment rate while both NOK and SEK will be watching out for Eurozone flash PMIs.


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S&P 500, Nikkei 225 May Top as Samsung Sinks KOSPI. Markets Brace

The Nikkei 225 formed a bearish reversal signal, dragged down by health-care stocks as Samsung Electronics sunk the KOSPI. Ahead, the S&P 500 may extend losses on US retail sales.


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Crude Oil Price May Recoil at Chart Barrier as Market Mood Sours

Crude oil prices may recoil downward after stalling at chart resistance as a defensive tone prevails across global financial markets, weighing on sentiment-geared assets.


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Nikkei 225 Technical Analysis: Rise to 4-Month Highs Losing Steam

Nikkei 225 bulls have put in a dogged performance, grinding back most of the very sharp losses seen at the turn of the year. They are still in command but could probably use a break now.


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Why the S&P 500 Will Struggle for a Record High and Dollar is Due a Break

The United States’ tech-heavy Nasdaq has hit a record high, but the enthusiasm doesn’t seem to stretch to the Dow or S&P 500, much less broader risk appetites. What will liquidity do for the marks ahead/ ?


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Rupiah Gains as Jokowi Leads in Indonesian General Election

The Rupiah gained as unofficial results from the Indonesian General Election placed incumbent Jokowi in the lead. USD/IDR broke support in its dominant downtrend, eyeing 2019 lows.


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AUDUSD Jumps on Upbeat Employment Data - Will it Hold?

The Australian Dollar jumped on better-than-expected employment data, adding an additional boost to the Aussie following yesterday’s release of Chinese GDP.


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EUR/USD Technical Analysis: Euro Downtrend Expected to Resume

The Euro is expected to resume the dominant downward trend against the US Dollar after retesting resistance guiding prices lower since September 2018.


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S&P 500 Sinks with Health-Care Stocks as NZD/USD Could Reverse

The S&P 500 closed lower as health-care stocks dragged and triggered risk aversion after key resistance held. NZD/USD may reverse as the Australian Dollar rises on a jobs report.


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Currency Volatility: AUDUSD Price at Risk Ahead of Aussie Jobs Data

AUDUSD overnight implied volatility soars to a multi-month high following the latest monetary policy minutes from the RBA which labeled future weakness in Australia's labor as a potential trigger to cut interest rates.


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Stock Market Update: US China Trade War Nears End but Recession Fears Loom

The S&P 500 was unimpressed by reports that the US China trade war may reach a conclusion in late May. Meanwhile, corporate profits look to buoy the index as it attempts to press all-time highs.


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Near-term Trade Setups in USD/CAD and AUD/USD

An update on near-term trade setups we've been tracking in Loonie (USDCAD) and Aussie (AUD/USD). These are the targets and invalidation levels that matter this week.


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Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices

Brexit is out of the headlines for now. All of that will change next week.


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Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices

Brexit is out of the headlines for now. All of that will change next week.


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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...