FX Price Action Setups in EUR/USD, GBP/USD, USD/CAD, AUD/USD

It was an eventful week around the US Dollar with both FOMC and NFP, but bulls showed little interest in continuing last week's bullish breakout.


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Oil Price Outlook: Crude Decline Testing Critical Trend Support

Crude Oil prices plummeted more than 8% with the decline responding to trend support today. Here are the targets and invalidation levels that matter on the WTI charts.


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What is Stock Market Volatility and How to Trade It

High volatility stocks can make for profitable trades. We look at how to find the most volatile stocks and trade them effectively.


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AUD & NZD Most Volatile Currencies Next Week Amid Knife Edge RBA & RBNZ Rate Decisions

Most volatile currencies next week are likely to be the most volatile currencies next week with eyes on the RBA and RBNZ rate decision, which could see fresh policy easing.


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Gold Prices Coil within Two-Week Range after US NFP Letdown

The April US jobs report produced strong topline figures, but the internals of the report left much to be desired.


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ISM Services Index Falls to Lowest Point Since August 2017

The Institute for Supply Management’s Non-Manufacturing Index recorded an unexpectedly large dip last month with the gauge reported at 55.5 versus analyst expectations of 57.0 for April.


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GOLD Prices – Long Term Contraction Continues

Gold prices have been in a contracting bullish range since the pivot low formed in December 2015. The monthly chart below suggests the pivot low was an Elliott Wave 4 pullback.


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US Dollar Rejected at Weekly High After NFP: S&P 500 Nearing a Turn?

This morning brought the release of NFP but the week is far from over as a series of FOMC speakers populate the calendar for the remainder of today.


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EURUSD Soft Despite Rising Inflation, USD Shrugs Off Mixed NFP - US Market Open

Tight trading ranges has been the state of play with major USD pairs, despite the release of the NFP report. Meanwhile, the Euro shrugged off better than expected inflation metrics.


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US Dollar Price Whipsaws on US NFP Headline Beat

The US dollar reacted sharply to the latest US non-farm payroll release that saw +263k new jobs created in April, beating market expectations. Average earnings were mixed.


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Gold Price May Decline Quickly; Euro & Other Charts to Watch Next Week

Gold is teetering on the brink of breaking down below significant trend support, the Euro and other currencies look headed lower versus the Dollar.


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US Dollar Rally Needs a Fresh Boost From US Payrolls Report (NFPs)

The US dollar is trading near its recent 2-year high on the back of a ‘wait-and-see’ FOMC outlook and supportive US Treasury yield differentials. A strong US payrolls report will be needed to drive the greenback to a fresh high.


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EURUSD Brushes Off Positive Eurozone Inflation Ahead of Nonfarm Payrolls

EURUSD continues its downtrend despite positive Eurozone inflation figures as traders' eye for nonfarm payrolls to consolidate a direction. Higher inflation figures are common during the Easter month causing a seasonality effect.


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Gold Rate Outlook: Retesting 2019 Lows, Eyes on NFP Report

Gold prices retesting key support, robust NFP could pave the way for a fresh 2019 low. Near-term outlook remains modestly bearish.


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GBPUSD Price Rattled by Local Election Results, Brexit Hangover & US NFPs

Sterling is under pressure and slipping lower, bruised by the heavy losses suffered by the UK government at the local elections on Brexit concerns.


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Dow Jones at Risk of Selling Off, Watch the S&P 500 Rising Wedge

The market is looking vulnerable here with the S&P posting a possible topping pattern, Dow Jones lagging behind, Nasdaq 100 needs to hold confluent support.


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NOK, SEK Fell on PMI - Krona, Krone Eye US NFP, Unemployment Rate

The Swedish Krona and Norwegian Krone suffered after PMI disappointed. NOK and SEK now eye upcoming US NFPs and unemployment rate data.


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Yen and Dollar May Rise as Stocks Fall on US Jobs Data

The Yen and Dollar may rise as stocks drop, triggering a break of key support for the bellwether S&P 500 index, if April’s US employment data falls short of expectations.


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HSBC Results Smash Forecasts, Asian Markets Focused On US Payrolls

The London-based global banking giant seems to have had success with cost cutting and growing its key Asian businesses. Market closures may have blunted the results’ effects.


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Brazil Industrial Production May Sound Alarm on Global Growth

Brazilian industrial production will be released later today, though the report may signal a larger narrative at the heart of global growth prospects.


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