Wednesday, 8 May 2019

BRL, Ibovespa Rise Up Central Bank Decision, Eyeing US-China Trade Talks

BRL and Ibovespa rose after the Brazilian central bank rate decision and commentary, though policymakers expressed concern about the future of the global economy and local pension reforms.


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GBP/JPY Support Taken Out on Brexit Talks, Japanese Yen May Rise

The GBP/JPY downtrend may accelerate with key support taken out under 143.79 on Brexit talks, US-China trade deal in focus. Sentiment warns bearish USD/JPY contrarian trading bias.


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Stock Market Update: DIS Earnings Impress, Market Awaits Trade Data

US stocks closed mostly in the red following a volatile day of trading. Traders will now look to Thursday’s trade balance data for insight into the US-China trade war.


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Latest US China Trade War Uncertainty Continues to Stir Forex Volatility

USD implied volatility remains bid following President Trump's threat to raise tariffs on China as trade talks break down. What currencies are reacting the most and where might spot prices head?


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Gold Price Retreats From Resistance, Can Gold Bulls Take Control?

It's already been a busy week in Gold prices as a quick bullish move ran into trend-line resistance, helping to set a fresh three-week-high.


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Stock Market Volatility and its Relationship with S&P 500 Returns

As the US-China trade war approaches a critical deadline, stock market volatility is heightened. But what is the relationship between volatility and the S&P 500’s performance?


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EUR/JPY Price Outlook: Trading Above and Below 123.05 – Levels to Watch

Trading in a Downtrend Pattern After Breaking Below 124.24 Since April 17th failure to break above 126.80 EUR/JPY has been trading in a downtrend pattern based off a


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GBPJPY Range Breakout Begins amid Stocks’ Struggles, Latest Brexit News

Meanwhile, GBPUSD has quickly returned to a critical support level established on May 3.


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Dow, S&P 500 Continue to Show Pressure After Last Week’s FOMC

Signs of risk aversion continue to stack up as equities remain on their back foot after last week's FOMC rate decision. Is a return of Q4 risk aversion on the way back?


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GBPUSD Suffers as Brexit Talks Risk Failing, PM May Pressured to Resign - US Market Open

GBP underperforms with government and labour Brexit talks at risk of failing, while Theresa May remains defiant despite rising pressure for her to announce her resignation plan.


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Gold Trading at Resistance; Crude Oil, DAX Charts & More

Crude oil is poised to trade lower, Dow reach record high, and precious metals have defined levels but indecisive right now…


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Bitcoin (BTC) Rally Hits a Wall on Binance Hack News

Bitcoin’s push to $6,000+ was halted in its tracks by news that crypto-exchange Binance had been hacked and more than 7,000 Bitcoin had been stolen.


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US Stock Market Volatility High as Prices Correct Lower

Volatility in Wall Street stocks remains close to its highest level since late January as prices correct lower in high-volume trade on risk aversion.


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Crude Oil Analysis: Bearish Alert Sees Key Support in Focus

Brent crude futures broke through the $70 handle amid the continued deterioration in risk sentiment stemming from rising trade war tensions, while supply side risks have also weighed.


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Gold Price Outlook: Strength to Persist if US-China Trade Talks Fail

The prices of gold and other safe havens could extend their recent rally if there is no breakthrough in the US-China trade talks later this week.


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GBPUSD Price to Test Strong Support; Brexit Mayhem, Political Meltdown

Sterling leaks lower against the US dollar and GBPUSD is set to test a cluster of support levels around just under 1.3000 as UK PM May’s tenure looks increasingly under threat.


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Yen May Rise if China Takes Hard Line on US Tariff Hike Threat

The Japanese Yen may rise if China opts for forceful pushback as US President Trump threatens an imminent tariff hike, dimming hopes for an end to the trade war.


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Dow Jones 200-day Targeted, Bearish S&P 500 Chart Pattern Triggered

The market looks headed for further losses with the S&P 500 triggering the rising wedge formation with conviction…


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Tuesday, 7 May 2019

USDMYR Upside Breakout Struggles, USDSGD and USDIDR Uptrend Eyed

The USD/MYR uptrend is facing fading upside momentum as a rising channel guides the Singapore Dollar higher. USD/IDR and USD/PHP gains face key resistance clouding their advance.


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How WIll Stocks Drop, Crude Oil Prices Impact Noirges Bank Policy?

The Norwegian Krone will be anxiously waiting for today’s interest rate decision from the Norges Bank and commentary while the Swedish Krona eyes a speech by a Riksbank official.


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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...