GBPUSD: 80.4% of Traders are Net-Long

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 Increased by 28.2% 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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Gold Price Breakout Nears 2019 High but Rally May Be Exhausted Soon

The last times gold prices rallied this far this fast, markets soon entered periods of consolidation and digestion.


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USD Extends Losses on Weak ADP, Posing Downside Risks to NFP - US Market Open

USD soft following yesterday’s dovish commentary from Fed Chair Powell, while the weakest ADP report in 9yrs exacerbated USD weakness.


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Canadian Dollar Price Outlook: Loonie Strength, USD/CAD to Support

USDCAD has been through a busy week, falling back from last week's BoC-fueled bullish breakout, now testing a key area of confluent support.


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Dow Jones & DAX Nearing Resistance; Crude Oil Charts & More

Bounces in indices have brought resistance levels into focus, while crude oil remains stuck in the mud despite oversold conditions.


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US Dollar (USD) Price Weakness Continues as Global Growth Prospects Sour

The US dollar basket (DXY) continues to fall and nears an important support level. With US payroll data (NFPs) released on Friday, will this technical level be respected?


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Gold Prices Outlook: Don’t Get Too Excited Yet, Been Here Before

Gold is rallying towards a major long-term threshold we saw not long ago; will it respond as it did before, or could we finally see a breakout?


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GBP/JPY Bearish Momentum Fades as Support Levels Hold

GBP/JPY has been trading lower for nearly one month. Here are the significant levels the pair need to break below to continue its bearish move


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GBPUSD Price Pops Higher on UK Data Beat, Weak US Dollar

GBPUSD trades at a 10-day high after the latest UK Services PMI release beat expectations, while the US dollar continues to move lower.


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EUR/USD Volatility Risk Captures ECB, Downtrend from 2019 Peak in Focus

EUR/USD implied volatility rises as ECB meeting is captured. Focus on the descending trendline following double-top break.


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Gold Price Gains May Be Fleeting as US Dollar Reclaims Haven Bid

Explosive gold price gains may be fleeting as market turmoil continues even as traders run out of room to price in a more dovish Fed, allowing the US Dollar to rebound.


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AUDUSD Risks Larger Rebound as RBA Tames Bets for Rate Cutting Cycle

Recent price action in AUDUSD raises the risk for a larger rebound as the exchange rate carves a series of higher highs and lows following the RBA meeting.


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BHP Group Stock Hints Reversal Coming in Australia ASX 200 Index

BHP Group shares are hinting of a top coming in Australia’s ASX 200 benchmark stock index. Trade-war escalation fears are a downside risk amidst an increasingly dovish RBA.


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EURUSD Nervously Eyes Eurozone PMI, US ISM Data - Growth in Focus

EURUSD will be closely watching for the outcome of Eurozone PMI and US ISM data, as both economic powerhouses continue to show weakness in the face of a global slowdown.


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US-China Trade War Crowns Surprise Winners As World Adapts

Trade conflict is clearly awful for the broad world economy, but some countries are already benefiting from it. More stand to do so. Spotting them early could be profitable.


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Japanese Yen Stands Tall Across Board As US-China Trade War Rages

The Japanese Yen is now clearly winning its haven battle with the US Dollar with USD/JPY weakness mirrored in a broad range of Yen crosses.


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USDNOK Breaks Critical Support - USDSEK Retreats at Alarming Rate

USDNOK and USDSEK are both experiencing retreats at an alarming rate, potentially opening the door to a short-term break in critical support areas.


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S&P 500, Dow Return to Technical Tipping Point on Fed Support

Fed Chairman Powell raised a familiar speculative lightning rod Tuesday to leverage a technical incursion on a key Dow level. Is there enough enthusiasm to carry us through or will trade wars and recession fears trip the bulls up?


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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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