The Dow Jones is on course for its longest weekly losing streak in 8-years, while losses in the FTSE 100 is eased by the drop in the Pound.
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Saturday, 25 May 2019
US Dollar May Hold Up Despite Swelling Fed Rate Cut Bets
The US Dollar may hold up and even make progress upward despite building Fed rate cut bets as the severity of risk aversion boosts the appeal of its unrivaled liquidity.
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Friday, 24 May 2019
S&P 500 Shapes Head-and-Shoulders Reversal, Pound Ends Tumble on May Resignation
The markets closed this past week with a critical relief just before a full bearish wave swept in. Liquidity will be a complication in the week ahead, but will pressing fundamental themes revive the pressure for a break?
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EUR/USD, EUR/NZD Chart Outlook Bearish with EUR./JPY Bottoming?
EUR/USD and EUR/NZD may find themselves aiming lower in the medium-term as the Euro depreciates. Against the Japanese Yen, EUR/JPY is facing key support and bullish reversal warnings.
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Oil Prices Set to Follow Global Growth Narrative Next Week
Oil price outlook for next week largely hinges on high-impact economic data and trade war rhetoric which look to set the tone for risk appetite and oil demand.
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Gold Price Weekly Outlook - Looking to Break a Tightening Range
Gold is trapped in a short-term range and price action is building for a potential breakout next week
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GBPUSD Rate Outlook Mired by Renewed Threat of ’Hard Brexit’
The Brexit negotiations may continue to drag on GBP/USD as Prime Minister Theresa May struggles to secure a deal.
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Trade War Weighs on Chinese Tech Stocks, Emerging Markets
Chinese stocks have been battered after the US Commerce Department announced it would ban Huawei devices. A look at some emerging market funds reveals that the trade war has also claimed victims outside the intended targets.
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GBP/USD Elliott Wave Analysis: Bullish Wave 3 Could Carry to 1.35
The Elliott wave chart pattern for GBPUSD illustrates the potential for a strong bullish trend that may move higher towards 1.35.
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Gold Price Outlook: XAU Defends Yearly Lows– Breakout Levels Defined
Gold failed a sixth weekly attempt to break support with price virtually unchanged into the last week of May. Here are the levels that matter on the XAU/USD charts.
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Oil Data Champion Sam Madani Explains Oil Tanker Tracking | Podcast
We explore why oil tanker tracking has brought transparency to the oil industry.
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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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US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD
It was a busy week in the US Dollar, and both EURUSD and GBPUSD remain vulnerable to volatility over the weekend. USDCAD may see volatility pick up around BoC.
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Euro Traders Remain Long as Pair tests Key Low
Traders have remained long the EURUSD as the pair tumbles into key lows. One-sided sentiment warns we may be near a sentiment extreme.
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GBPUSD Choppy, Theresa May Resigns, What Next? - US Market Open
The Pound has traded in choppy fashion after Theresa May announced her resignation. Focus now on who will be the next Conservative Party Leader.
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US Dollar (DXY) Soft Ahead of US Durable Goods Data
The US dollar basket (DXY) slipped lower Thursday after a weak set of US PMI readings. Ahead the first look at US durable goods which is expected to show a sharp decrease from last month’s multi-month high.
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Gold Price Eyeing Support, Silver Price Rebound Fading
Gold’s short-term rally has hit the buffers and may test 200-day ma support again while silver remains stuck in a downtrend.
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Currency Volatility: Euro Potentially Underpricing the Impact of the EU Election
While focus will be on the upcoming EU election, option markets imply little in the way of volatility for the Euro.
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Theresa May Announces Resignation, GBPUSD Heading Lower
Theresa May announces that she will resign on June 7th and will remain in office until a new leader is found, which is expected around mid-July.
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