Crude Oil Price Outlook - OPEC Support Confronts Technical Resistance

Crude oil is likely to trade in a reasonably tight trading range over the next few days as positive OPEC production talk underpins oil, while on the charts resistance looks unyielding.


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USDCAD Bull Trend Unravel, RSI Approaches Oversold Territory

USDCAD stands at risk of exhibiting a more bearish behavior ahead of the FOMC rate decision on June 19 as the exchange rate snaps the upward trend from earlier this year.


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GBP Braces Ahead of Unemployment Data - NOK May Fall on Local CPI

Sterling will be casting a worried eye ahead of UK unemployment data after a dismal cascade of reports and NOK may fall on CPI amid falling crude oil prices.


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Gold Price Chart Hints Reversal Lower May Be Brewing Ahead

Gold price chart positioning hints that the metal might be preparing to turn lower after hitting a four-month high. US PPI inflation data is on tap.


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S&P 500 Outlook Mixed as Stocks Rally on US-China Trade Deal Bets

The Shanghai Composite and ASX 200 rose, perhaps owing to US-China trade deal bets after Trump found resolution with Mexico. The S&P 500 is facing indecision which may lead to a top.


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NZD Slips Could Be Worth Buying Against Macro Risk Backdrop

The New Zealand Dollar is likely to offer smaller but tempting yields in a world where US rates reverse course. This possibility may not yet be priced in.


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ASX 200 Could Revisit Record Peaks If Fed Nurtures Risk Revival

The ASX 200 has had a good (trade) war, despite its clear links to both main protagonists, China and the US. It could do even better should US rates head down again.


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Both Dow and Peso Jump on US-Mexico Deal, But Can They Continue?

An emergent front on the global trade war has de-escalated before it could amplify the crisis, but is a US-Mexico deal fundamental traction enough to extend Fed speculation and questionable GDP forecast for record highs on the Dow?


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AUDUSD Rebound Fizzles as Trump Fires Warning Shots on China Tariff

AUDUSD struggles to hold its ground even though the NAB Business Confidence survey improves May as the Trump administration keeps the door open to boost tariffs on China.


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USDNOK Wobbling at Critical Support. USDSEK Recovery Ahead?

USDNOK is coming dangerously close to breaking below 15-month rising support, leading to fears of a potential reversal of the dominant uptrend. After retreating, USDSEK may be starting to recover.


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Gold Price Challenges Resistance; Crude Oil Prices Appear Heavy

Gold prices briefly popped to highest levels in 14 months. Meanwhile, crude oil appears to trade in a bearish impulse wave that is incomplete.


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Canadian Dollar Price Outlook: Loonie Breakout Tests USD/CAD Support

Loonie has rallied more than 2.2% against the US Dollar with price now testing initial support targets. Here are the levels that matter on the USD/CAD price charts.


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Gold Price Pullback the Start of a Healthy Correction as US Dollar Rebounds

Given recent technical observations about the state of the gold price rally, the turn in sentiment around US-led trade wars is quite a coincidence.


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Weekly Trade Levels for US Dollar, Euro, Aussie, Loonie, Gold & Oil

Webinar highlighting active trade setups we’re tracking into the weekly open. Here are the targets & invalidation levels that matter on the technical charts.


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Copper Price Looking to Re-Coup Recent Heavy Losses

Since the start of May Copper has lost nearly 10% of its value. Here are the key chart points to watch


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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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US Dollar Price Outlook: USD Bounces from Key Confluent Support

The US Dollar is coming off of a brutal week, but buyers have shown up to provide support around a key level on the chart. Can they maintain control?


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USD Bounces Off 200DMA, MXN Rallies as Trump Suspends Tariffs - US Market Open

Mexican Peso outperforms on tariff suspension, USD finds comfort from 200DMA, while GBP slumps on weak GDP.


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Weekly Technical Forecast: Dow and Gold Build Pressure to Clear Important Highs as EURUSD Reverses

There is as much potential built into the upcoming week than there was progress earned over this previous period. The Dow and S&P 500 extended a drive that finally drew in more risk assets and has bulls looking for fresh records. At the same time, gold is aiming for a break from a 5-year pattern and EURUSD may have finally reversed a year-long bear trend.


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Weekly Trading Forecast: Risk Appetite Returns on Central Bank Promises Rather Than Growth Prospects

Trade wars persist and the outlook for global growth is slowly eroding, yet that may inadvertently prove the charge that speculative investors have sought. With core and external risks rising, calls for the central banks to step into to provide relief have risen to a fever pitch. After the Fed Chair’s remarks last week, the market’s assumption of another infusion has clearly taken over.


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