USDCAD Breakout Stalls Ahead of US NFP Report as GDP Fails to Impress

USD/CAD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report on tap for May 3 as it snaps the series of higher highs & lows from earlier this week.


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Crude Oil Price Crumbles on Trump Call to OPEC Despite US GDP Beat

Crude oil dropped a whopping 4 percent before trimming losses following reports that President Trump called OPEC to put pressure on the oil cartel to increase market supply and send prices lower.


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Oil Weekly Price Outlook: Crude Rally Stalls- Correction Underway

Oil prices risk a larger pullback after posting fresh yearly highs this week. These are targets & invalidation levels that matter on the crude oil weekly chart.


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Gold Forecast Turning Bullish as Price Returns Back into Triangle

A return into a consolidation can underpin a “false breakout,” which, if so, may mean that Gold prices may have more room to run higher.


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US Dollar Price Outlook: USD Holding at Fresh Highs, Bend or Break?

The US Dollar broke above the triangle formation this week, but next week's economic calendar is loaded with risk items, including FOMC: Time to make or break.


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USD Whipsaws Despite Q1 GDP Smashing Expectations - US Market Open

US Q1 GDP smashed expectations at 3.2% vs. Exp. 2.3%. However, details within the report offset excitement, pushing the USD lower.


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Dollar, Euro, Pound and Gold Price Charts to Watch Next Week

Will USD make good on its breakout? Watch how the Euro and Sterling play their part in this, along with gold's reaction as it tries to maintain trend-line support.


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S&P 500, Dow, Nasdaq 100 Charts: Strong but Vulernable

The market is maintaining a firm bid for the most part, but caution is still warranted with prices extended at or near record highs; Dow could be first sign of market ready to slip.


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Upbeat U.S. GDP Report to Keep EURUSD Rate Under Pressure

Updates to the U.S. GDP report may keep EUR/USD under pressure as the growth rate is expected to increase 2.3% after expanding 2.2% during the last three-months of 2018.


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GBPUSD Price Forecast - US Q1 GDP Will Drive Short-Term Volatility

GBPUSD traders are looking for any clues from today’s US Q1 GDP release to plan short-term price set-ups. Cable continues to sit on support, however further US dollar strength could see this quickly disappear.


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Gold Price Outlook: Recovery from 2019 Low Faces Critical Test

Despite the topside breakout in the USD index, gold prices have managed to stage a slight recovery from its 2019 lows and is set for its first weekly gain in a month.


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Crude Oil Prices Spike Lower as WTI Crude Breaks Below $65

WTI and Brent crude futures spikes lower with WTI breaking below the $65 to lows of $64.30, while Brent crude futures are down over 1.3%.


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Dollar May Rise if Soft US GDP Data Spooks the Markets

The US Dollar may rise if soft first-quarter GDP data stokes global slowdown fears, spooking financial markets and driving haven demand for benchmark currency.


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Bitcoin (BTC) Price Slumps on Bitfinex-Tether Fraud Allegations

Bitcoin (BTC) dropped sharply late Thursday as NY AG opened an investigation into potentially fraudulent activity involving the operators of Bitfinex and Tether.


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Euro Technical Analysis Overview: EURUSD, EURJPY, EURGBP

Euro outlook increasingly bearish following downside breakout, EURJPY eyes key fibo support, while the EURGBP range remains intact


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Crude Oil Prices May Fall if US GDP Data Disappoints

Crude oil prices may fall if first-quarter US GDP data falls short of expectations, stoking global slowdown worries and cooling market-wide risk appetite.


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Swedish Krona Hungover After Riksbank Signaled Delayed Rate Hike

The Swedish Krona was battered by an unexpectedly dovish Riksbank with policymakers announcing a delayed rate hike and a continuation of its bond-purchasing program.


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Asian Stocks Wilt, Nintendo Weighs On Nikkei, US GDP Looms

A weak Wall Street finish made life tough for Asian stock bulls, but feeble local data and earnings figures added to the gloom


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Can Amazon Leverage More Nasdaq and Risk Rally, Will GDP Run the Dollar?

Strong after-hours US earnings didn’t earn risk trends a swell Thursday, so should we expect anything different from Amazon’s figures through the Nasdaq or general speculative measures Friday? What about the US GDP update?


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EUR/USD Technical Analysis: Euro Drops to 2-Year Low. Now What?

The Euro has dropped to the lowest level in nearly two years against the US Dollar, but chart positioning warns sellers of a challenging road ahead, at last in the near term.


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