Crude Oil Price Trading Bias Bearish as Chart Resistance Pressured

Crude oil prices may be due for a near-term correction on reversal technical signals, but oil net-long positioning offers a bearish-contrarian bias, opening the door to testing 2018 lows.


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Euro at Risk as the ECB Sets Up for a Dovish Policy Trajectory

The Euro may come under pressure as the ECB Forum drafts a dovish policy path while EU bigwigs pick its next President with an eye on that vision’s execution.


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Gold Price Weekly Outlook: Breakout Stalls at Multi-year Resistance

Gold prices rallied for a fourth-consecutive week with the advance now testing the 2016 resistance slope. These are the levels that matter on the XAU/USD weekly chart.


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AUDUSD Chart Shows Bears in Control - Technical Outlook

Spot AUDUSD risks printing fresh multi-year lows after a hard rejection of the 0.7000 price level last week.


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US Dollar (USD) Weekly Forecast: Fed to Confirm Interest Rate U-Turn

The US dollar (USD) is biding time ahead of next week’s FOMC monetary policy decision where it is expected that Chair Jerome Powell will indicate that interest rate cuts are coming with the July meeting the most likely starting point.


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Dow Jones, DAX 30, FTSE 100 Technical Forecast

The Dow Jones, DAX 30 and FTSE 100 may experience considerable volatility in the week ahead, here are the technical levels to watch.


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GBPUSD Rate Outlook Hinges on Bank of England (BoE) Forward Guidance

The Bank of England (BoE) meeting on June 20 may shake up the near-term outlook for the British Pound if the central bank alters the forward guidance for monetary policy.


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EURUSD Dropping After a Failed Breakout, Euro Stretched Across Board

The Euro put in for a notable retreat through the second half of last week, but its reversal is not as intense as EURUSD may insinuate. Will momentum spread in the week ahead?


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Crude Oil Prices May Seesaw Between Iran Politics, Growth Sentiment

Crude oil prices may find themselves oscillating between political risks in Iran, leading to fears of a supply shock, and waning optimism over global growth prospects.


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Dollar Holds Off Collapse on GDP Hopes Which the Fed Will Make or Break

The global markets are drawing in their breath in anticipation of the upcoming Fed rate decision. With a unmistakable fade in growth with trade wars, the markets are putting far too much hope in the world’s largest central bank.


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Top 5 Events: May Canada Inflation Report & CADJPY Price Forecast

The May Canada inflation report (consumer price index) is due on Wednesday, June 19 at 12:30 GMT.


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Gold Price Explodes to Fresh Yearly Highs - Levels to Know

Gold prices have caught a significant ramp over the past two weeks and are now testing long-term resistance. But will the FOMC be as dovish as Gold bulls hope for?


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USD Gains While Treasury Yields and Consumer Sentiment Slide

The University of Michigan Consumer Sentiment Index printed a reading of 97.9 this morning, which slightly missed expectations of 98.0 and last month’s reading of 100.0.


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Top 5 Events: May UK Inflation Report & GBPUSD Price Forecast

The May UK inflation report (consumer price index) is due on Wednesday, June 19 at 08:30 GMT.


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Kiwi Weekly Price Outlook: NZD/USD Reversal to Threaten Yearly Lows

Kiwi is down more than 2% this week with the pullback targeting major support just lower. These are the levels that matter on the NZD/USD weekly chart.


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Canadian Dollar Price Outlook: USDCAD Retrace to Key Chart Resistance

USDCAD had a brutal start to the month of June, but over the past week shown continued signs of recovery. But bearish potential may still remain on a bigger-picture basis.


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USDJPY: Net-Short Positions Increased by 20% 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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GBPUSD: 76.7% 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 3.2% from Last Week

Traders are net-short suggests EURUSD prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week


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US Dollar Rises on Retail Sales, Gold and JPY Gain on Safe-Haven Flows - US Market Open

USD firms after robust retail sales, while softer economic outlook boosts safe-havens, gold and Japanese Yen.


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