Thursday, 16 May 2019

Ethereum, Stellar Price: Double-Digit Gains Fuel Crypto-Market Surge

The cryptocurrency market hit a nine-month high market capitalization with Ethereum (ETH) and Stellar (XLM) showing double-digit gains as investors continue to put money back into the market.


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Brexit Latest: Theresa May to Resign or Face No Confidence Vote

The End of May is Near. The Prime Minister is faced with two choices as she meets the 1922 Committee.


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Crude Oil Price Boosted as Middle East Tensions Escalate

Crude oil is pushing back towards levels seen two week ago as political uncertainty in the Middle East continues to dominate short-term price action.


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Australian Elections Preview - How Will Markets React?

As polls show that Labor has a small victory over the Coalition, the composition of the Senate is going to be key for the governing party to pass its policies. Labor’s policies may spook traders if they believe Bill Shorten will implement his campaign promises.


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Can China Outlast the US Through Painful Trade War Escalation?

The Yen is back on offensive as US-China trade war fears return. Might Beijing outlast Washington through painful tit-for-tat tariff escalation?


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Wednesday, 15 May 2019

US-China Trade War Keeps Japanese Yen Bulls In Technical Charge

The Japanese Yen is doing well out of trade war fears, as it usually does. However its gains against major rivals have stalled at key retracements.


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NZD/USD Chart Analysis: NZ Dollar at Decisive Long-Term Juncture

The New Zealand Dollar is at a decisive inflection point for the long-term price trend, with sellers threatening to breach 18-year rising trend support.


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S&P 500 Trend Eyes Support, US Auto Tariff Delay Cheer Fades in Asia

US-China trade fears sapped gains in Asia equities as optimism on a delay in US auto tariffs faded fast. S&P 500, after retesting resistance, is eyeing support as Japanese Yen rises.


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Crude Oil Prices at the Mercy of Erratic Market Mood Swings

Crude oil prices are at the mercy of erratic swings in prevailing market sentiment as investors scramble to respond to incoming headline risk.


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EURUSD Carves Bearish Series Amid Failure to Break May Opening Range

EUR/USD may consolidate over the coming days as it carves a fresh series of lower highs & lows following the failed attempt to break the monthly opening range.


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S&P 500 Firms, EURUSD and USDCAD Waver on Flood of Trade War Rumors

Trade wars have taken a turn for the better – at least their rumors have – and risk trends have taken notice. Yet, how much lift is there in rumor. What if the markets struggle even if breakthroughs are confirmed?


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Australian Dollar Slides As Jobless Rate Ticks Up, Full Time Jobs Slip

The Australian Dollar fell initially despite expectation topping headline job creation, as the jobless rate rose and full time job creation was lower.


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Gold Fails to Test April-High as Fed Endorses Wait-and-See Approach

The recent advance in the price of gold sputters ahead of the April-high ($1311) as Federal Reserve officials endorse a wait-and-see approach for monetary policy.


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AUDUSD RSI Approaches Oversold Zone Ahead of Australia Employment

Updates to Australia’s Employment Report may do little to influence the near-term outlook for AUD/USD, with the RSI in focus as it approaches oversold territory.


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USD/CAD Eyes Support as Crude Oil Prices Rise on Global Trade News

USD/CAD sinks as crude oi prices rise on optimistic developments in global trade. AUD/USD may climb on a rosy jobs report, but equities may struggle rising in Asia despite S&P 500 gains.


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AUDUSD Rate at Risk Ahead of Aussie Jobs Data, RBA Cut Bets

AUDUSD price action hinges on upcoming employment data out of Australia as the report is anticipated to dictate whether or not the RBA will slash its policy interest rate at upcoming meetings.


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US TIC Flows Show Appettite for Debt Decreased Amid Trade Tensions

U.S Net Long-term Treasury International Capital saw outflows of $28.4 billion in March as appetite for American debt decreased as China reduced holdings for the first time since November.


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Dow Jones Price Outlook: Retail Traders Conflicted as Index Rebounds

After retail traders briefly shifted their net-positioning on Monday, IG clients are once again net-short the Dow Jones Industrial Average.


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GBPUSD: Traders Remain Net-Long Since May 06

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.


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Canadian Dollar and Mexican Peso Bolstered by USMCA Rhetoric

USDCAD and USDMXN plunged following reports that the US is working closely with Canada and Mexico to reach an agreement over the removal of steel and aluminum tariffs.


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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...