Dollar, Euro, Australian Dollar, and Gold Charts for Next Week

In this look-ahead to next week we looked at USD probing trend support, EUR, AUD, and gold all hitting up against resistance of varying importance.


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Currency Volatility: USDCAD, CADJPY Price Action Setups

CAD continues to gain vs USD, while bearish CADJPY momentum eases amid the pick-up in oil and equity prices.


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US Dollar (USD) Price - On the Ropes, Waiting for US NFPs

The US dollar basket (DXY) remains near important long-term support as the monthly US Labour Report (NFP) heaves into view.


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Crude Oil Price Probes One-Week High as Sellers Step Back

Crude oil’s reversal continues in muted trade and has just touched a new one-week high. Bearish momentum has abated for now, taking oil out of heavily oversold territory.


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Sterling (GBP) Forecast - Rising Inflation and Lower Wages

The long-term downward pressure on Sterling is expected to continue until Brexit uncertainty diminishes, whilst short-term moves will be underpinned by the Conservative leadership race.


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Gold Price Breakout Eyes Critical Trendline Resistance Ahead of NFP

Gold prices are on course for its best week since March 2018 amid raised expectations that the Federal Reserve will provide insurance rate cuts.


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Bearish Momentum Sends USD/CAD Tumbling Through the Consolidation Zone

USD/CAD has lost nearly 1.2% of its value so far this week. Here are key levels to watch if bearish momentum continues.


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Dow Jones and S&P 500 Potentially Carving Out Tops

The market is getting a lift but it may not have staying power as a topping sequence could soon come into play.


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Will Gold Prices Rise or Fall if US Jobs Disappoints?

Its tempting to say gold prices will rise if US jobs data disappoints, echoing downbeat news flow over recent months. The markets may have other ideas however.


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GBPUSD Eyes BoE Inflation Forecast, Brexit and US Jobs Data

The BoE’s inflation forecast may stoke volatility in GBP as the Brexit narrative opens a new – and more uncertain – chapter. USD and the S&P 500 will be eyeing US jobs data.


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Asian Stocks Gain On US-Mexico Trade Hopes But Payrolls Loom

There’s still no getting away from world trade when it comes to Asian stock action but hopes that Mexico might see US tariffs delayed helped Friday’s risk appetite.


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EURGBP Uptrend Losing Momentum, Increasing Risk of a Euro Reversal

The Euro uptrend against the British Pound is losing momentum despite net-short bullish contrarian price signals. EURGBP could be looking at a test of near-term chart support next.


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Dollar Tests Year-Long Trend and S&P 500 Extends Divergence Ahead of NFPs

The Dow climbed this past session, but there is plenty of reason to question the risk appetite implications associated with the move. Meanwhile, the Greenback is eagerly anticipating May NFPs as rate forecasts collapse.


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NZDUSD Chart Analysis: Downtrend Ready to Resume After Bounce?

The New Zealand Dollar mounted a spirited recovery over the past week but the move may have run out steam, opening the door for resumption of the broader downtrend.


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USDCAD Rate Eyes April-Low Ahead of NFP, Canada Employment Report

USDCAD continues to give back advance from the April-low (1.3274) ahead of the NFP report as Federal Reserve officials change their tune.


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How to Trade the Doji Candlestick Pattern

The doji candlestick suggests indecision in the markets but its variations tell a different story. Learn how to trade using the doji.


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VIX Spike to Spur Currency Volatility as Bond Surge Fails to Spill-Over

Volatility across the rates market has surged as the Federal Reserve opened the door rate cuts, however, this has failed to spill-over into FX, which remains muted.


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Gold Price Outlook: Gold’s Bullish Breakout Nears Moment of Truth

Gold prices have been in the midst of an aggressive week-long rally, shrugging off the prior three months of pullback. But can Gold bulls continue to drive?


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EURUSD Price Breakout, EURJPY Outlook Take Shape After June ECB Meeting

The prospects of further rate cuts or another stimulus program beyond the TLTRO3 are limited. This has created an opportunity for the Euro to trade higher.


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JPY Firm as Trump Signals Further Tariffs, ECB’s Draghi Tempers EUR Gains - US Market Open

EUR gains simmer as Draghi notes that members discussed rate cuts and QE restart, while safe-havens remain supported on potential tariff escalation.


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