Monday, 20 May 2019

S&P 500 Repeats Gap Down on Trade War News, Oil Cautious on US-Iran

A new week starts with caution and an effort to identify what has the greatest total impact over the market. Growth fears and political risks are prominent, but trade wars retains the greatest fundamental gravity.


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AUD/USD Downtrend Eyed as RBA Minutes Hint Rate Cut Possibility

The Australian Dollar depreciated as the minutes of the RBA May interest rate decision noted that a cut is “likely appropriate” if there are no further improvement in the labor market.


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Bullish Silver Price Outlook Suggests US Dollar May Turn Weaker

The silver price outlook is bullish against a backdrop of trend changing towards a weaker US Dollar.


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Post-Election AUDUSD Rebound Susceptible to Dovish RBA Minutes

The RBA Minutes may undermine the AUD/USD rebound following the Federal election if the central bank shows a greater willingness to further insulate the economy.


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Crude Oil Prices Up on US-Iran Strain, Yen Eyes Huawei Extension

Crude oil prices are eyeing resistance after US President Donald Trump reiterated threats on Iran. Meanwhile, the Yen is at risk as the US granted Huawei a 90-day temporary extension.


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FX Week Ahead - Top 5 Events: UK Inflation; Fed Minutes; ECB Minutes; Japan Inflation; US Durable Goods

The second to last week of May brings central banks and inflation data into focus.


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S&P 500 Lower Gaps Continue as Trade War Confidence Erodes

The S&P 500 gapped lower for the third consecutive Monday, as trade war confidence wanes and proponents of the “sell in May and go away” strategy rejoice.


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Top 5 Events: April UK Inflation & GBPJPY Price Forecast

The April UK Consumer Price Index is due on Wednesday, May 22 at 08:30 GMT.


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Canadian Dollar Weekly Price Outlook: Loonie Breakout Imminent

Loonie continues to trade within the confines of the monthly opening-range heading deep into May trade. These are the levels that matter on the USD/CAD weekly chart.


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COT Report: Crude Oil, Gold, Silver, Copper Outlook

Investors begin to shed bullish oil positions, while gold net longs surge on safe-haven demand. Silver and copper speculators raise bearish positioning.


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Using the COT Report in Forex Trading

Learn how to trade forex using the Commitment of Traders Report. View top trading strategies and how to do COT report analysis.


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Weekly Trade Levels for US Dollar, Euro, Sterling, Loonie, Gold & Oil

Webinar highlighting active trade setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter on the technical charts.


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Gold Breakout on Hold as Prices Return to Range, Volatility Drops

After hitting a four-week high in early-May, Gold implied volatility has quickly slumped back towards its all-time low.


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US Dollar Price Action Setups After Last Week’s Bullish Barrage

The US Dollar had a very strong outing last week. Can buyers remain in-charge to push up to a fresh 2019 high?


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USD/CHF Price Forecast: Bearish Momentum Intact - 1.1026 Remains Key

USDCHF recently rejected the psychological 1.0000 level but momentum still looks negative. The next move is key for the pair's short-term future.


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Weekly Trading Forecast: Dollar and S&P 500 Still Within Range of Major Highs

Volatility stirred this past week, but it wouldn’t be applied to a clear direction for the benchmark assets. With the Dow and S&P 500 unsure of their direction having dropped back from record highs and the Dollar fresh off a 5-day rally to within reach of its own two-year high, technical traders are focused on whether we see break or reversal. What they should really contemplate is the capacity of follow through.


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AUDUSD Soars on Shock Election, Apple Shares Slump, Risk of S&P 500 Drop - US Market Open

The AUD outperforms following a shock election outcome, in which Prime Minister Scott Morrison secured re-election.


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Weekly Trading Forecast: Trade War Sentiment Fluctuates Violently, Sabotages Risk Trends

While there has been plenty of discussion surrounding growth forecasts and political risks moving forward, the most active fundamental theme remains trade war developments. We had clear points of improvement on that front this past week with a delay in US auto tariffs and the lifting of metals import taxes to smooth the USMCA deal. That said, the souring mood between the US and China seemed to keep sentiment suppressed. Does this continue?


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Sterling (GBP) Outlook: UK Inflation, Brexit & ECB/Fed Minutes

A busy UK week ahead with a variety of high importance drivers for traders to look out for.


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Crude Oil Price May Be Carving Out a Top

Oil is trading higher so far from a successful test of support, but there is potential now for a meaningful lower-high to develop at a meaningful spot on the chart.


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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...