Wednesday, 5 June 2019

EURUSD Rate Vulnerable to Dovish ECB Forward Guidance

The European Central Bank (ECB) interest rate decision may fuel the recent pullback in EURUSD as the Governing Council continues to pursue its monetary easing cycle.


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Crude Oil Prices Eyeing ECB, Xi Comments on US-China Trade War

Crude oil prices are eyeing an ECB rate decision and comments on the US-China trade war from President Xi Jinping after sinking to a five-month low.


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S&P 500 Price at Reversal Point, Stocks in Limbo Before Trade Talks

Equities face limbo after US-Mexico trade talks stalled in early Thursday trade. The S&P 500 sits on resistance, offering the fundamentals an opportunity to rekindle stock volatility.


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Nikkei 225 Fightback Looks Short Of Steam Below Key Trendline

The Nikkei 225 has staged a significant bounce from its recent lows, but the bulls haven’t done enough and unless they can pick up the pace then old support will be back in focus


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EURUSD Chart Analysis: All Eyes on 1.13 as ECB Rate Call Looms

The Euro is eyeing the ECB rate decision with interest as prices challenge pivotal resistance near the 1.13 figure against the US Dollar.


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Dow Overtakes 200 Day Average as Emerging Markets and Yields Extend Slide

The benchmark US indices have short-circuited the reversal patterns that they so publicly triggered this past week. Yet, the lack of commitment to this shift amid growth fears and trade wars should put bulls on guard.


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AUDUSD Bulls Cautious Despite Resilient Domestic Trade Numbers

Australia’s trade surplus missed expectations but remains pretty robust. Trade wars make headlines but they’re not battering Australia very hard yet.


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ASEAN FX Chart Analysis: USD/PHP to Reverse at Support? MYR Tops?

The US Dollar is falling versus its ASEAN counterparts as USD/PHP faces support that in the past, reversed its course on a few occasions. USD/MYR, USD/SGD and USD/IDR downtrend eyed.


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Gold Price Rally Persists as Fed Officials Respond to US Trade Policy

Gold prices may continue to benefit from the current environment as Federal Reserve officials change their tune, while the RSI pushes into overbought territory.


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USDJPY: Net-Short Positions Decreased by 17.8% 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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Euro Price Outlook: EUR/USD Breakout Testing Key Pivot Ahead of ECB

Euro rallied more than 1.5% off the yearly low with the price advance now testing key resistance ahead of the ECB. Here are the levels that matter on the EUR/USD charts.


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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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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...