Thursday, 18 April 2019

Gold Prices Aiming Lower After Chart Support Break

Gold prices are aiming lower after breaking chart support to complete a bearish Head and Shoulders topping pattern. Crude oil prices are struggling below $65/bbl.


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Earnings to Test Dow and Nasdaq, US GDP the Dollar, BOC Decision the Loonie

Liquidity is dropping rapidly into the extended holiday weekend and so too is volatility fading in response. Is there relative advantage to be found or even a systemic risk appetite that follows the return of liquidity?


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Euro Eyeing Italian Leading Indicators - Political Obstructions Ahead

The Euro will be watching the release of several Italian leading indicators as the country wrestles with a technical recession and prepares for political obstructions ahead.


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AUD/USD Technical Analysis: Aiming to Test Below 0.71 Figure?

The Australian Dollar looks likely to test support below the 0.71 figure, starting a process that may lead to the resumption of the long-term downtrend against its US counterpart.


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BRL, Ibovespa Outlook for 2019: Pension Reform, Global Growth in Focus

The Brazilian Real and Ibovespa equity index’s rise is at risk of being derailed by slower global growth and hiccups in Bolsonaro’s pension reforms.


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EUR/USD Downtrend Eyed as Euro Sinks Before Good Friday Holiday

The Euro fell on soft German and Eurozone economic data, EUR/USD eyeing dominant downtrend resumption. Expect thin and illiquid trading conditions ahead of the Good Friday holiday.


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History Suggests the Stock Market Will Climb in the Weeks After Easter

The historical performance of the S&P 500 in the weeks following Easter Sunday suggests the stock market may be able to capture new all-time highs.


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What Could Collapsing Currency Volatility Spell for the Forex Market?

Why has currency market volatility plunged to multi-year lows and what could it mean for forex traders going forward?


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US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

The US Dollar began to show breakout tendencies ahead of a long weekend, making for a difficult backdrop to chase fresh themes.


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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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US Manufacturing and Services PMI Miss Estimates, Reveals Slow Growth

Surveyed US services and manufacturing managers indicated a continued slowdown in growth for the start of the second quarter as the economy struggles to match its growth from the previous year.


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Euro Weekly Price Outlook: EUR/USD Coils - Breakout Pending

Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart.


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Gold Price Forecast Bearish as Price Holds Below Triangle Support

The recent breakdown in Gold prices may still have some way to go.


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Gold: Traders Increase Their Net-Long Position by 11.7% from Last Week

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


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USDJPY: Traders Remain Net-Short Since March 31

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


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Copper Price at Risk of Break to the Downside

The price of copper is in danger of breaking lower, potentially falling below support from a rising trendline in place since early this year as the global economy splutters.


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USD Back on the Throne, EUR Drops, GBP Bounces Off Support - US Market Open

A reality check for the Euro after Eurozone PMI’s missed expectations. GBPUSD bounces off support, AUD fails to crack 0.7200.


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EUR/USD, GBP/USD Price: Breakdown or Bear Trap as USD Spikes-Higher

This can be a tough time for fresh breakouts as a long-weekend nears, but both EURUSD and GBPUSD are testing key supports as the US Dollar has caught a bid.


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US Dollar Grabs a Bid, EURUSD Price Cracks After Subdued PMI Data

The US dollar is being bid higher going into the long weekend as investors turn risk-off despite positive US-China trade talk. Elsewhere, the Euro remains under downside pressure.


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Fed and Interest Rates Discussion with Tim Duy | Podcast

Learn about key Fed decisions and how they can affect your trading with our podcast, featuring Federal Reserve commentator Tim Duy.


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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...