AUDUSD Chart Analysis: Downtrend Expected to Resume After Bounce

The Australian Dollar has managed a tepid recovery against its US counterpart, but technical positioning continues to argue for a firmly bearish trend bias.


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EURUSD Eyeing US, EU PMI Data - European Turmoil in Focus

EURUSD may find itself oscillating between US and European PMI data against the backdrop of increasing turmoil in European politics.


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US-Iran Tensions Hold APAC Stocks Down. Gold, Yen Make Gains

Asian investors were keeping a close watch on the Middle East as the trading week bows out. This deflated the risk appetite formerly stoked by Federal Reserve dovishness.


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Crude Oil Prices Finding Support From Escalating Tensions in Iran

Political risks in the Gulf may be a tailwind for crude oil prices as tensions between Iran, its neighbors and the US continue to escalate.


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S&P 500 Record High Less Convincing Against Gold’s Surge, Yields Plunge

With the biggest bullish gap on an open since the beginning of the year, the S&P 500 moved to a record high. Have we made the transition to full-tilt bull market now or do key discrepancies speak to a temporary mania?


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Euro May Top Versus Pound Sterling, EURGBP Chart Support Taken Out

The Euro may be topping against the British Pound, EURGBP rising support was taken out on the daily chart. The weekly chart shows indecision. Will net-short positioning unwind ahead?


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Gold Prices Surge to 6-Year High But Gains May Be Fleeting

Gold prices surged to a six-year high amid swelling Fed interest rate cut speculation, but the move’s underlying forces may bring about its own undoing.


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Japanese Yen Bulls Could Face Big Trouble If Risk Appetite Holds

A Fed-inspired revival in risk appetite has yet to dissuade Yen bulls. That state of affairs seems unlikely to last. Long-term charts suggest they might soon face a stern test.


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USDNOK Plunges, Breaks 15-Month Support on Hawkish Norges Bank

USDNOK fell over one percent after the Norges Bank chose to raise its benchmark interest rate and provided a hawkish outlook for monetary policy.


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Oil Price Forecast: Bearish Momentum Abates Ahead of G20 Summit

Crude oil prices look poised for a larger recovery ahead of the Group of 20 (G20) Summit as the bearish momentum abates.


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Crude Oil Prices Bottoming May Help USDCAD Topping Potential

Crude oil prices are extending their gains amid geopolitical tensions between the US and Iran reaching a fever pitch.


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Platinum Price: Stuck in a Sideways Pattern Important Levels to Know

This week platinum created a lower low, nonetheless continued trendless. Here are the levels the price has to consider to start a clear trend.


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Hammer Candlestick Patterns: A Trader’s Guide

Learn how to use the hammer candlestick pattern to spot bullish reversals in the market. Our guide includes expert trading tips and examples


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Gold Price Outlook: Gold Breaks Out to Five-Year-Highs, Now What?

Gold put in a big breakout over the past 24 hours, and there may be scope for more. But, how can a trader approach an overbought but bullish Gold market?


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EUR/USD Pops, GBP/USD Tests Resistance as USD Slammed post-FOMC

It's been a busy backdrop since yesterday's FOMC rate decision, with risk assets flying-higher as the US Dollar has taken a dive.


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CAD Soars, Oil Spikes on Drone Attack, USD Challenges 200DMA - US Market Open

Global central bank easing is on its way as the Fed confirms shift towards lowering interest rates. Demand for USD is eroded as US yields edge lower.


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Bitcoin: Retail Trader Data Shows 76.8% 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 Bitcoin-bearish contrarian trading bias.


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GBP Suffers Another Blow, BoE Cuts Growth Forecasts And Signals Downisde Risk Is Increasing

The Bank of England has failed to please investors who believed the Central Bank’s tone would become more hawkish at the June meeting. Sterling slipped against most major currencies as the UK Q2 growth forecast is downgraded.


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Spot Gold: Retail Trader Data Shows 56.2% of Traders Are Net-Long

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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S&P 500: Retail Trader Data Shows 66.3% of Traders Are Net-Short

The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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