Oil Price Outlook: Crude Crushed – Trade Levels to Know for WTI

Crude oil prices have plummeted more than 11% form the yearly high with the sell-off now eyeing initial support targets. Here are levels that matter on the WTI charts.


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US PMI Figures Miss, Pushing Treasury Yields To 2019 Lows

US Services and Manufacturing PMI figures fell short of analyst expectations this morning as reported by Markit Economics, with trade tensions linked to increased uncertainty among survey participants


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Gold Prices Turn Higher Alongside US Dollar Breakout - Will it Last?

It’s unusual to see both gold and the US Dollar trade in tandem – unless a wave of risk aversion is sweeping across global financial markets.


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GBP/JPY Price Forecast: Bearish Momentum Continues as Brexit Turmoil Weighs

Bearish momentum leads GBP/JPY to its lowest price in more than 4 months - what is the current trading range and what support and resistance levels need to be monitored closely?


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Canadian Dollar Outlook: USD/CAD Reversal Rally from Range Support

After spending the past month in a range, USD/CAD has put in a strong show of price action over the past 24 hours. Is a USD/CAD breakout nearing?


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GBPUSD Volatility Rising, CAD Drops as Oil Prices Collapse - US Market Open

Losses in the energy complex have continued with Brent and WTI crude breaking below $70 and $60 respectively.


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USD Price Outlook: US Dollar Drives Towards Two-Year Highs

The US Dollar is making a push towards a re-test of two-year-highs. Can European elections and Brexit pessimism help to elicit a breakout in USD?


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Dr Coppers Drop Signals Concerns for the S&P 500

Copper prices have dipped into correction territory falling over 10% since the 2019 peak reached on April 17th following the recent escalation in trade war tensions.


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Crude Oil Price Outlook Weakens, Stock Markets Sink on Trade Fears

Crude oil has broken the recent uptrend - and an important Fibonacci retracement level - and looks likely to head lower as US-China trade talks fuel global growth fears.


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apanese Yen Still in Demand as Safe Havens Benefit From US-China Spat

The Japanese Yen is continuing to climb as the US-China trade war turns increasingly into a technology war, hitting risk sentiment and boosting demand for safe havens.


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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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