Sterling Weekly Price Outlook: GBP/USD Breakdown Searches for Support

Sterling broke a multi-month consolidation pattern last week with price now eyeing broader uptrend support. Here are the levels that matter on the GBP/USD weekly chart.


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Live Event Coverage: Bank of Canada Rate Decision

Join Senior Currency Strategist Christopher Vecchio, CFA for live coverage of the April Bank of Canada meeting.


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EURUSD at Risk of Breakout, AUDUSD Drops as Soft CPI Fuels RBA Rate Cut Bets - US Market Open

As the USD continues to edge higher, the Euro is back towards critical support, whereby a downside break of its multi-month range paves the way for deeper losses.


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US Dollar Price Action Setups in EUR/USD, USD/CAD

The US Dollar perched up to a fresh yearly high yesterday, but buyers haven't been able to make much ground beyond. USD/CAD is testing key resistance ahead of BoC.


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USDCAD Rate Risks Near-Term Breakout on Dovish Bank of Canada (BoC)

The Bank of Canada (BoC) meeting may fuel the recent advance in USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75% in April.


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GBPUSD Price Battling Brexit Division and US Dollar Dominance

Sterling volatility is likely to increase over the coming weeks as the UK Parliament continue Brexit discussions with time running out before the European elections next month.


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY, GBPCAD

USDCAD uptrend stalls at top-end of range, while support in CADJPY stems further declines for now. GBPCAD weak in the longer term.


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Trading Outlook for Dow Jones, DAX, Crude Oil, Gold & More

The Dow is nearing its old record high, DAX at trend-line resistance, crude oil staring down 67, while gold is at a make-or-break spot.


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EURUSD Price Outlook Steered by US Dollar Sentiment and Data

EURUSD price action remains under the influence of the US dollar and this is likely to increase with an EU data void through the rest of the week.


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Gold Price at Trend-line Support, Silver Price Pattern Near Triggering

Precious metals are precariously sitting on support levels, a trend-line for gold and pattern support for silver; will they hold or fold in the coming sessions?


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EURUSD Price Slips Back After Ifo Index Disappoints

Germany’s Ifo business climate index fell unexpectedly in April, confirming the current weakness of the German economy and sending the Euro lower.


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Crude Oil Price Outlook: Correction Lower May Be Short-Lived

Crude oil prices are easing back on suggestions that Gulf producers will raise their output and news of a larger-than-expected rise in inventories, but they will likely resume their advance shortly.


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US Dollar, Yen Rise as Currencies Question Wall Street Optimism

Currency markets are showing all the telltale signs of risk aversion despite exuberance on Wall Street even as S&P 500 technical positioning flashes warning signs.


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EURGBP Price Outlook - Grind Higher Slowing Down

EURGBP recent move higher is running out of momentum as strong resistance nears. While Brexit hits GBP, the Euro as a currency is also under pressure.


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Swedish Krona, Norwegian Krone Tense Up Ahead of US, EU Data

The Swedish Krona and Norwegian Krone will be keeping a close eye on US housing data and German IFO confidence indicators – SEK anxiously waiting for Riksbank rate decision.


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ASX 200 Holds Up On Australian CPI Miss, Other Asian Stocks Slip

Asia Pacific stock markets broadly failed to hang on to their gains despite Wall Street’s punchy Tuesday. Weak Australian inflation boosted the ASX but hit AUD hard


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BRL, Ibovespa May Rejoice as Pension Bill Survives First Vote

BRL and the Ibovespa will likely gain a boost when Brazilian markets wake up to the news that the pension reform bill survived its first congressional vote. What’s next?


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Crude Oil Price Chart Flashing Early Bearish Reversal Warning

Crude oil prices may turn lower if early technical clues pointing to ebbing upside momentum find a complimentary catalyst in incoming earnings reports.


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USD/PHP Uptrend Ahead? USD/SGD Aims for Range Ceiling, Breakout?

Philippine Peso weakness may extend as USD/PHP may be readying for a new uptrend as USD/MYR pauses its own. USD/SGD is aiming for range resistance and potentially an upside breakout.


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Dollar Short of Breakout, SPX Hits New Technical High, Earnings Stir Trade Wars

The return of liquidity seems to have revitalized an uneven appetite for risky assets. Will US earning continue to charge record highs without the global markets or will trade war implications draw more concern?


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