Thursday, 20 June 2019

How to Set Up Effective Trading Goals

Read our advice on building solid process-oriented goals to build confidence and consistency in your trading.


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USD Price Analysis: Risk of Deeper Losses as Fed Confirms U-Turn

Fed confirms U-Turn after opening the door for rate cuts. Risks to USD increase as falling yields continue to erode support.


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Canadian Dollar Outlook: USD/CAD Selloff Might Continue Below This Price

Bearish momentum resumed sending the price lower after dovish clear signals from Fed yesterday. Here are the relevant news and key signals for USD/CAD price


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Gold Price Soars to Five-Year High, Silver Smashes Through Resistance

The price of gold soared after Fed Chair Jerome Powell opened the door to a series of US interest rate cuts, starting as early as next month. And silver finally crashed through long-running resistance.


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Dow Jones, S&P 500, and Nasdaq 100 Technical Outlook as Highs Near

Can stocks keep on rising as new highs approach, or could the market be in for a bit of a set-back; should gain better clarity on this in the days ahead…


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Wednesday, 19 June 2019

EURUSD Chart Analysis: Choppy Trade Belies Bearish Trend Bias

The Euro bungled an upside reversal against the US Dollar, backsliding into an inconclusive range. Still, the dominant trend bias continues to favor weakness.


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GBPUSD Eyeing BoE Rate Decision, Brexit Amid Prime Minister Race

GBPUSD will be closely watching the Bank of England’s rate decision in addition to the race for Prime Minister – third ballot vote ahead.


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S&P 500 Chart Aims for Record High as Fed Boosts Stocks in Asia

S&P 500 futures enter resistance separating it from record highs. Equities rally after the Fed in Asia trade, but ASX 200 trimmed gains as July RBA rate cut bets muted bank shares.


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Gold Price Rise May Extend as BOE Joins Dovish Central Bank Peers

Gold prices touched a six-year high amid speculation on a broad-based dovish shift in global monetary policy. The Bank of England may give the move a further nudge.


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Dollar Slides and S&P 500 Gains Despite Fed Hitting Rate Cut Forecasts

The Fed has refused the market’s assumption of full support at a particularly vulnerable time for stretched speculators. Thankfully for them, their skepticism over central bank resiliency runs deep.


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Japanese Yen Gains As BOJ Leaves All Monetary Settings Alone

The Japanese Yen got a very modest boost from the BoJ’s expected decision, perhaps as it contrasted with a more dovish Federal Reserve


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AUD Ticks Down, RBA Lowe Calls Rate Further Rate Cut Not Unrealistic

The Australian Dollar dipped as the RBA Governor kept prospects of one more rate cut alive but said monetary solutions were not the only ones.


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USDCAD Rate Eyes Monthly Low as FOMC Adjusts Interest Rate Forecast

USDCAD appears to be on track to test the monthly-low (1.3238) following the Federal Reserve meeting as the exchange rate initiates a series of lower highs and lows.


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Japanese Yen Technical Outlook: USD/JPY, EUR/JPY, GBP/JPY

While risk markets have come back to life in the month of June, the anti-risk Yen has continued to be bid. Is this highlighting a harboring theme of risk aversion that may soon return?


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USD Currency Volatility Highlighted by June Fed Meeting

The Federal Reserve's FOMC looks set to spark volatility in the US Dollar on Wednesday following the central bank's latest monetary policy update.


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Gold Price Outlook: XAU Breakout Grapples at Resistance ahead of FOMC

Gold prices have set a clear weekly opening-rang just below the yearly highs heading into the FOMC. Here are the levels that matter on the XAU/USD charts this week.


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Top 5 Events: June Fed Meeting Preview & EURUSD Forecast

The June Fed meeting will conclude today at 18:00 GMT with Fed Chair Jerome Powell’s press conference starting at 18:30 GMT.


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CAD Spikes, GBPUSD Outperforms, EURUSD Eyes FOMC - US Market Open

The Canadian Dollar spiked higher after the latest inflation data surprised to the upside, while the Euro remains subdued ahead of the FOMC rate decision.


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US Dollar Price Outlook in EUR/USD, USD/CAD, AUD/USD and USD/JPY

Fed day is here, and expectations for a dovish twist are priced-in. But how dovish will the Fed go, and what might the impact be to the US Dollar across major FX pairs?


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY

Range trading persists for USDCAD with momentum signals directionless, while potential short-term bounce in CADJPY could be capped at key resistance.


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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...