Eurozone PMIs and Ifo Index Miss Expectations, Euro Shrugs

Eurozone PMIs and the German Ifo Index came in lower than predicted in May but there was little response in the Euro against the other major currencies.


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Gold Prices Maintain Downtrend, However, Pivotal Support Holds

Gold prices remain in a downtrend as USD edges higher, however, support is holding, which raises the risk of a bounce towards trendline resistance.


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GBPUSD Price Slumps Further on Brexit & PM May Exit Shambles

The British Pound is starting to become uninvestable in the short-term as PM May continues to ignore calls for her resignation, leaving Sterling adrift.


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SEK, NOK May Fall on Key Local, Euro Area Economic Data

The Swedish Krona and Norwegian Krone are in for a tumultuous 24 hours ahead of local and Eurozone economic data, Brexit and the European elections.


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Crude Oil Prices May Drop with Stocks as Market Mood Sours

Crude oil prices may fall alongside stocks as shaky European politics, slowing growth and US-China trade war escalation spook financial markets.


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Euro Stoxx 50 May Fall After Nikkei 225 Sinks on Trade War Fears

The Nikkei 225 sunk as US-China trade war fears fueled risk aversion after the US blacklisted more Chinese companies. The Euro Stoxx 50 may be eyeing support on European elections.


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Dovish ECB Minutes to Keep EURUSD Rate Under Pressure

The ECB Minutes may keep EUR/USD under pressure as the central bank warns that the ‘the risks surrounding the euro area growth outlook remain tilted to the downside.’


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EURUSD at Risk on 2019 European Parliamentary Elections

The upcoming EU parliamentary elections will be the most consequential vote in the transnational organization’s history and could have devastating consequences for Europe and the Euro.


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S&P 500 Is Due a Break and Pound Collapses Alongside May’s Hold

The S&P 500 – as a benchmark for ‘risk trends’ – has run out of room to move, making a breakout inevitable. Yet as pressing as a technical charge may be, we still need fundamental motivation to carry any trend.


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BRL, Ibovespa at Risk From Brazil-China Investment Negotiations

The Brazilian Real and Ibovespa equity index will be watching Brazil-China negotiations as officials discuss Beijing’s investment into Latin America’s largest economy.


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Gold Price Forecast: RSI Offers Bearish Signal Following FOMC Minutes

Gold prices hold a narrow range following the FOMC Minutes, but the RSI offers a bearish signal as the oscillator threatens the upward trend carried over from April.


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Canadian Dollar, Crude Oil Prices Decline to Support. Yen May Gain

The Canadian Dollar fell alongside a decline in crude oil prices as the British Pound accelerated losses with UK Prime Minister Theresa May closer to stepping down. The Yan may gain.


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What if Mexico, Canada Join the US in the Trade War with China?

The US-China trade war could expand in scope if the United States is able to rally its North American trade partners behind it to exert greater pressure on China.


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USD/JPY Elliott Wave Analysis: Bullish Pattern Emerges

We are tracking a bullish 5-3 wave pattern for USD/JPY that has longer term bullish implications.


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Euro Currency Volatility: EU Elections Highlight EUR Crosses

Forex traders shift their attention to EURUSD, EURGBP, and EURJPY ahead of Thursday's European Parliamentary Elections. What are the anticipated trading ranges?


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S&P 500: Investors Turn Defensive as Trade War Risk Bites

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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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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