Wednesday, 1 May 2019

Gold Price Uninspired by Dollar Weakness, Rupee Chart Looks Good

Gold is trading heavy despite Dollar weakness, USDINR has a clean-looking chart setting it up for another leg lower.


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Gold Prices May Fall Despite Cautious Tone from Federal Reserve

Gold prices may fall despite a cautious Fed policy decision as swelling global slowdown fears inspire liquidity haven demand, boosting the US Dollar.


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Sterling (GBP) Price Rallies Against the US Dollar Ahead of FOMC Decision

Sterling continues to push higher this week against a range of currencies and is touching a one-week high against the US dollar ahead of the latest FOMC rate decision.


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DAX Outlook: Beware of Auto Tariff Threat - EU/US Trade War

DAX outperformed in April given the exposure to auto and tech sector. Eyes now on the potential threat of auto tariffs with Trump to decide by May 18th


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Tuesday, 30 April 2019

ASX 200 Gains While Most Other Asian Markets Closed, Fed Focus

Most Asia Pacific mainboards were closed for holidays Wednesday. The ASX wasn’t though. It caught a US tailwind as investors looked to this month’s Fed meeting.


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NZD/USD Technical Analysis: Tepid Rebound Rejected at Resistance

The New Zealand Dollar attempted a tepid rebound, but the move looks to have recoiled from chart resistance, setting the stage for renewed downside progress.


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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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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...