Sunday, 5 May 2019

S&P 500, DAX, FTSE 100 Technical Forecast

Further gains in store for S&P 500 as index consolidates above 2900, DAX eyes topside resistance, FTSE 100 meets support.


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Dow Jones, S&P 500, DAX 30 and FTSE 100 Price Outlook

After a loaded week for US equities, event risk looks to subside as the S&P 500 and Dow Jones look for the path of least resistance.


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Saturday, 4 May 2019

Euro Weekly Price Outlook: EUR/USD Recovery Could be Short Lived

Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart.


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EURUSD at Risk to Bearish Euro Sentiment and EU-US Trade War Fears

The Euro struggled appreciating despite Italy climbing out of a technical recession and improving Eurozone data. Fears of an EU-US trade war and sentiment signals may sink EUR/USD.


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Gold Price Threatens Major Break After Bears Thwarted At Lows

Gold prices remained on the move this week but, no new highs or lows came in. Might Gold prices be nearing a major move as digestion has built inside of digestion?


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Gold Prices May Fall as Dollar Gains on Fed Policy Bets, Risk Trends

Gold prices may fall as a downbeat view on global growth coupled with fading hope for imminent Fed stimulus sours sentiment, boosting the US Dollar.


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US Dollar Weekly Forecast: After May Fed Meeting & April NFP, Fed Speakers & April Inflation Due Up

A slew of Fed policymakers will hit the lecture circuit this week, while the only ‘high’ rated data release is the April US inflation report due on Friday.


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US Dollar Price Forecast: Whose Brave Enough To Short DXY in May?

Despite late week volatility after a stellar NFP report, EUR/USD is nearing the lowest levels in two years on the back of US Dollar strength that could extend in the favorable month of May.


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Pound Surge Has GBPUSD Range to Run, But Resistance Coming in Elsewhere

Pound’s most aggressive rally in three months raises serious expectations that the currency will seriously struggle to meet in the week ahead. Watch for a stall and beware range reversals.


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Sterling (GBP) Price Outlook: Brexit Anger May Dampen Sterling Strength

UK politics look set to re-assert themselves and Sterling is very likely to suffer.


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Friday, 3 May 2019

Crude Oil Weekly Technical Forecast: Support May Soon Lead to Rally

Crude oil took a spill last week, but with support at its feet look for it to try and bounce after a bit more weakness first.


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Crude Oil Price: Outlook Hinges on Looming US-China Trade Deal Result

Crude oil prices slipped for the second consecutive week amid pressure on OPEC to boost production and an unexpected inventory build, but outlook is now centered around the US and China inking a trade deal.


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Dollar, S&P 500 and Crude Sport Failed Breakouts and Failed Reversals

The benchmark Dollar and S&P 500 have failed to commit to both breakouts and reversals. Overt fundamentals will ease while systemic focus will expand, but sheer sentiment may rule the day in the end.


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Watch Yuan, HKD for Clues on Possible US China Trade War Resolution

Rumors are out that the long-awaited US-China trade deal should be finalized within the next two weeks - performance in the Chinese Yuan and Hong Kong Dollar may possibly serve as a bellwether to the outcome of trade talks.


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USD/CAD Price Outlook - Looking for a Break Below 1.3410?

US and Canadian Data Next Week Likely to Drive Price Action


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Australian Dollar (AUD) Outlook: AUDUSD Still Looking Into The Abyss?

AUDUSD made a fresh 2019 low this week and with little technical support on the charts another move even lower cannot be discounted. And while the multi-year low a couple of big figures away may not be under threat next week, the RBA rate decision on Tuesday May 7 is likely to prompt volatility.


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Australian Dollar Could Face First RBA Rate Cut Since August 2016

The Australian Dollar heads into a new week battered by more feeble data and with more to play for at an RBA meeting than usual.


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Top 5 Events: May RBA Meeting & AUDUSD Price Forecast

The Reserve Bank of Australia meets on Tuesday, May 7 at 03:30 GMT; rates markets are pricing in a 38% chance of a 25-bps rate cut.


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Dow Jones, S&P 500 Price Outlook: Will Tech Continue the Rally?

With the S&P 500 at record highs, will tech continue to carry the index higher or will traders look elsewhere to fuel a continuation rally?


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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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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...