Tuesday, 30 April 2019

USD/IDR, USD/SGD May Reverse. USD/PHP Upside Breakout Fell Short

Upside breakouts in USD/IDR and USD/SGD are appearing to be short-lived. USD/PHP is facing critical support again after its false breakout higher. USD/MYR is in consolidation mode.


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S&P 500 Is Due a Break, Can Apple Earnings, Stimulus Talks or the Fed Do It?

Whether a break of necessity or a break of intent, the benchmark S&P 500 is due a break soon. With a confluence of updates on earnings, trade wars, growth and the Fed decision; that break will likely come soon.


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Japanese Yen Holds Dollar Bulls At Bay, USDJPY Range Threatened

The Japanese Yen has spent much of the year on the back foot against the US Dollar, but USD/JPY’s ancient uptrend channel looks precarious now


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Will Democrats, Trump $2 Trillion Fiscal Plan Put Fed Back on Track?

President Donald Trump and key Democratic leaders announced a joint effort to implement a $2 trillion infrastructure plan. Will it pass, and how will it impact the Fed?


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Currency Volatility: All Eyes on the Fed and US Dollar Tomorrow

Forex market participants are anxiously awaiting tomorrow's monetary policy update from the Federal Reserve which has potential to weigh heavily on the US Dollar.


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GBPUSD Reverses on Brexit Latest. USDCAD Falls on Poloz After GDP

The British Pound soared and GBP/USD cleared resistance as the uncertainty of a Theresa May leadership change during Brexit talks was cooled. USD/CAD looked past soft GDP data.


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NZD/USD Falls on Mixed Employment Data - Eyeing FOMC Ahead

The New Zealand Dollar fell after mixed unemployment data crossed the wires. Up next, NZD will be tensely watching the FOMC meeting.


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AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

A strong quarterly performance from Apple will look to repair damaged sentiment following Google’s miss on Monday. Coupled with a beat from AMD, the tech-heavy Nasdaq will look to outperform its counterparts.


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USDMXN: Mexico GDP Contracts, Peso Whipsaws Ahead of Fed

A disappointing 1Q 2019 GDP report out of Mexico pushed USDMXN higher immediately following its release, but broad-based US Dollar weakness ahead of the Fed meeting tomorrow is likely weighing negatively on the greenback.


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US Dollar Price Action Setups Ahead of FOMC, NFP

The US Dollar has pulled back from last week’s breakout, but the next three days are especially busy on the economic calendar. Can buyers re-gain control?


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Euro Price Outlook: EUR/USD Snap Back- Trade or Fade?

Euro reversed from multi-year slope support and puts price back at the monthly open into the close of April trade. Here are the levels that matter on the EUR/USD charts.


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Sterling Technical Analysis: GBP/USD Rallies Ahead of FOMC, BoE

GBP/USD is putting in an impressive rally following last week's bearish breakout. But can GBP bulls continue to drive-higher with FOMC and BoE coming up?


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Stock Market Update: GE, GM Earnings Recap, AAPL and AMD Ahead

After a miss from Google, the Nasdaq will need a strong performance from AAPL and AMD to buoy price and heal wounded sentiment.


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USD/CHF Technical Analysis: Upward Trend Losing Momentum

Since March 20th USD/CHF has been pushing higher and breaking significant resistance levels - Where to next?


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USDCAD’s Failed Breakout Attempt Hinges on Next Crude Oil Price Move

Crude Oil prices appear to be holding a key trend level as fresh supply concerns arise. This may be bad news for USDCAD rates.


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10 Trading Mistakes to Avoid in Forex Trading

The forex market is complex in nature and often leads to common trading mistakes.


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CAD Drops, GBPUSD Reclaims 1.30, USD Selling on Month-End Flows - US Market Open

The USD is on the defensive, down 0.3% as the index tests 97.50. Month-end flows have been among the main factors behind the decline in the USD index.


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Top 3 Technical Analysis Charts for Trading

There are 3 main types of technical analysis charts traders are likely to experience in their career.


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Crude Oil Prices Rise With Venezuelan Military Coup Underway

Oil prices have been grinding higher throughout the European session with Brent crude rising over 1.4% and WTI gaining 1.5%.


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Gold Price Outlook: Gold Recovery Continues - Are Sellers Finished?

Gold prices put in a strong bearish run last week, but after setting a fresh 2019 low, buyers have re-emerged and Gold prices are trending-higher.


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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...