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Tuesday, 4 June 2019

AUD/USD Near-Term Uptrend Holds On Mixed Q1 Australian GDP Report

The near-term uptrend in AUD/USD held after a mixed first quarter Australian GDP report, with trade war fears risking resuming weakness in the Aussie Dollar down the road.

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Oil Price Forecast: Can OPEC+ Stave Off a Bear Market?

The sharp selloff in the price of crude oil appears to have stalled following fresh remarks from OPEC, with recent price action raising the risk for a larger rebound.

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Engulfing Candle Patterns & How to Trade Them

Learn how to use the engulfing candlestick pattern to spot reversals in the markets, with expert trading tips and examples

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Gold Price Outlook: XAU Breakout - Too Far, Too Fast?

Gold prices surged more than 4% in just three days with the breakout now facing the first major test. Here are the levels that matter on the XAU/USD charts this week.

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US Dollar Range Breakout Would Suggest Major Topping Potential

Rates markets have now begun to price-in three rate cuts over the next year, a major reason why the US Dollar has been dragged lower in recent days.

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ZAR Plummets on Shocking Q1 GDP, Mexican Peso Rises, RBA Cuts Rates - US Market Open

The South African Rand under significant pressure this morning after Q1 GDP showed the largest contraction since 2009.

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Canadian Dollar Price - USD/CAD May Resume Bearish Price Action

USD/CAD is sliding lower due to recent USD weakness. Here is the possible bearish scenario with the key technical levels to watch.

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Euro Outlook: EUR/USD Price Snaps Back to Resistance Ahead of ECB

EURUSD has pushed up to a fresh six-week-high this morning as USD-weakness continues to get priced-in. Will this Thursday's ECB rate decision bring upon change?

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Pound Forecast: Trading GBP When a New Tory Leader Takes on Labour

Sterling markets are on edge as the UK’s ruling Conservative Party prepares to pick a new leader, who will become Prime Minister automatically. But would he or she beat the Opposition’s Jeremy Corbyn?

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Risk Aversion Still Dominating Markets | Webinar

Market sentiment remains poor, with safe havens still in demand. Riskier assets look to be picking up but that could be due simply to some profit-taking after their recent losses.

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Dollar Chart Buckles; EURUSD, GBPUSD, and Gold Rate Outlook

The Dollar took a sudden hit and now has trend support in focus; Euro leading the charge, Cable trying to lift off long-term support, while gold trades back towards major levels.

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Crude Oil Price Analysis: Brent Crude Eyes Critical Test of $60 Support

The oil market continues to remain soft as the bearish bias towards risk assets in light of rising concerns of a global slowdown weighs on the energy market.

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Mixed Eurozone Data Keeps EURUSD Subdued, Focus on Fed Chair Powell’s Speech

The EURUSD was pushing higher at the end of Monday’s session but reversed some of the gains in anticipation of Eurozone inflation and unemployment figures released this morning. A mixed reading kept the pair subdued around the 1.1246 handle.

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Bitcoin (BTC) Price Slumps, Longer-Term Bullish Momentum Likely

The latest sharp sell-off in Bitcoin is unlikely to break the longer-term ongoing bullish momentum and prices may push higher after a period of consolidation.

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DAX 30 & CAC 40 Technical View: Short-term Positive, Broadly Negative

Both the German and French benchmarks are trading around the important long-term moving average; only a bounce is anticipated at this time though.

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Gold Forecast - Will Fed’s Powell Fuel Another Gold Price Surge?

Gold continues its recent rally, but momentum is slowing as resistance levels near. Will commentary from Fed Chair Jerome Powell reignite the recent surge higher.

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