Equity investors are sending signals that risk appetite is waning as they move to safer areas of the market amid lingering US China trade war uncertainty.
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Wednesday, 22 May 2019
US Dollar Steadies as May FOMC Minutes Detail "Patient" Approach
The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.
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British Pound Technical Analysis: Has GBP/USD Finally Found Support?
It's been a brutal couple of weeks for the British Pound and the headlines haven't gotten any friendlier; we may be on the cusp of a PM resignation in the UK.
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Crude Oil Price Drop Helping USDCAD Hold Range Support
A larger than expected build in crude oil inventories is dragging down oil prices, and in turn, the Canadian Dollar.
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Gold Price Weekly Outlook: XAU Breakdown Stalls at Technical Support
Gold plummeted nearly 2.6% from the May high with the sell-off now testing the yearly low-day close. These are the levels that matter on the XAU/USD weekly chart.
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Top 5 Types of Doji Candlesticks
The Doji candlestick is one of the first most traders learn, however many are unaware of the various types of Dojis and how they can be used.
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GBP Bears Beware: Boris as UK Prime Minister Might be Good for Sterling
Former British Foreign Secretary Boris Johnson has become the clear favorite to succeed Theresa May as UK Prime Minister, and that poses a risk for traders looking to sell the British Pound.
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GBPUSD Hammered on Brexit Blacklash - Is This the End for UK PM May?
There is growing noise and tweet activity suggesting that UK PM Theresa May could well be out of a job very shortly after her disastrous ‘new deal’ Brexit presentation Tuesday.
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Top 5 Events: May Fed Meeting Minutes & DXY Index Price Forecast
The minutes from the May Fed meeting are due on Wednesday, May 22 at 18:00 GMT.
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Becoming a Better Trader – Identifying High Quality Trade Set-ups
In this webinar, we discussed the process of 'building a case' for identifying good trading opportunities.
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EUR/JPY Price Forecast: Bullish Sentiment Grows After Breaking 123.10
EUR/JPY has moved higher after days of seller hesitation. Here are the important technical levels of resistance, and support, the pair may likely encounter in the coming days.
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Euro Price Forecast: EUR/USD Breakouts Await Ahead of Elections
The Euro has been eerily quiet so far this week, and tomorrow brings a big driver with the start of European Parliamentary elections. EUR/USD breakouts await.
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USDCAD Breakout, GBPUSD Selling Persists, EURGBP on Record Win Streak - US Market Open
The outlook for the Pound remains soft, a break below 1.2670 sees GBPUSD at the lowest level since the beginning of January. Loonie firms on better than expected retail sales .
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Dow Jones, US & UK Crude Oil, Silver Price Charts & More
Stocks could struggle again soon, crude oil and precious metals too; technical considerations highlighted across several markets.
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USD Bulls Eye Return to 2019 Highs on FOMC Minutes
Focus will be on the FOMC minutes from the April meeting, in which Fed Chair Powell cooled rate cut bets having highlighted transitory factors behind soft inflation.
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USDCAD Price Outlook Hinges on Canadian Retail Sales Data
The latest Canadian Retail Sales release may make-or-break USDCAD in the short-term with the pair currently testing one-month lows.
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Gold Price Yearly Low on the Horizon, Silver May Soon Be Under 14
Precious metals continue to be weak, with gold teetering on a trend-line while silver has no meaningful support until a bit further down.
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GBPUSD Price May Yet Drop More as UK Inflation Data, Brexit Sour Mood
The GBPUSD price continues to trend lower, and further losses cannot be ruled out on a toxic mix of Brexit worries, uncertainty over UK PM May’s leadership and weak UK inflation figures.
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Crude Oil Price Eyeing Break of Near-Term Technical Support
Crude oil continues to edge lower this week in thin trade and now nears a cluster of technical indicators that could decide its short-term future.
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