Dow, S&P 500 Forge Ahead on Reversal Patterns, Is There Enough Fear to Fuel?

There is a weight to technical developments through benchmark risk assets that should not be underestimated. That said, does the progress on head-and-shoulders reversals for the Dow and S&P 500 define the next stage of global reversal?


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NZDUSD Rate Eyes 2019-Low as RBNZ Warns of China Spillover

NZDUSD appears to be on its way to test the 2019-low (0.6482) as the exchange rate reverses the recent string of higher highs and lows.


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Australian Dollar Tumbles As Capex, Building Approvals Fall Short

The Australian Dollar was already under pressure as US-China trade war worries weigh on local interest rate forecasts. Now more weak data has hit too.


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USDBRL, Ibovespa Wobble at Key Price Levels Ahead of GDP Data

The Brazilian Real and Ibovespa equity index may feel pain ahead of the release of local inflation and GDP data after a painful first quarter.


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Crude Oil Prices Avoid Breakout on US Bond Auction, CAD Recovers

Crude oil prices clocked in a last-minute recovery with the Canadian Dollar, but oil may soon again find itself retesting support at 57.34. AUD/USD gains on Capex data may not last.


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USDMXN: Banxico GDP Cut Overlooked as US Trade Balance Eyed

The Mexican Peso gained against the US Dollar on Wednesday despite Mexico's central bank slashing 2019 GDP forecasts as currency markets await US Advanced Goods Trade Balance data tomorrow.


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Stock Market Outlook: Dow Jones and S&P 500 Selling Gains Pace

The Dow Jones and S&P 500 faced considerable selling pressure in Wednesday trading, sending the indices beneath critical support levels.


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Gold & US Dollar Threaten Breakout as Rate Volatility Spikes

Implied volatility across asset classes is climbing higher amid rising global risks which could foreshadow substantial price moves in gold and the US Dollar.


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Trade Wars and Tariffs Have Put the US Auto Industry in Peril

With the US auto industry cutting jobs at the quickest pace since the Great Financial Crisis, USMCA uncertainty and a prolonged US-China trade war will only continue weigh on the sector.


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USDCAD Bullish Range Breakout Eye as Crude Oil Prices Hit Monthly Low

The Canadian Dollar is under pressure after the Bank of Canada’s May policy meeting, while oil prices have been hit by global growth concerns.


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Gold Price Outlook: Breakout Potential as Consolidation Continues

Gold prices remain relatively subdued despite big moves showing in both US equities and Treasuries; which keeps the door open for breakout potential.


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USDJPY: Net-Short Positions Decreased by 9.1% from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


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GBPUSD: 79.2% of Traders are Net-Long Suggesting Continued Depreciation of Sterling against the Dollar

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.


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EURUSD: Net-Short Positions Decreased by 1.9% from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.


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Canadian Dollar (CAD) Price Slips as BoC Leaves Interest Rates Unchanged

USDCAD rallies to near six-month high after the central bank left its benchmark interest rate unchanged at 1.75% with the accompanying release highlighting a mildly dovish overtone.


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Italian Stock Market Suffers as Italy-EU Debt Row Worsens, Bonds Stabilize

A growing argument between the European Commission and the Italian Government over Italy’s public-sector debt is hitting Italian stocks while leaving its Government bonds largely unscathed.


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Japanese Yen & Swiss Franc Rise After China’s Trade Threat - US Market Open

Risk off trade dominating financial markets following China’s trade threat, while flight to quality flows see the Swiss Franc and Japanese Yen firm.


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Canadian Dollar Forecast: USD/CAD Eyeing a Rally off Consolidation Zone

Today’s closing price could indicate the next move for USD/CAD


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY

USDCAD respecting range for now ahead of BoC, while CADJPY tests critical support as outlook remains weak.


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Dow Jones, Crude Oil, Gold Price Outlook & More

Stocks look poised to remain weak but could get volatile around big moving averages, crude oil also heavy, while gold continues to hold onto a key line of support.


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