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Sunday, 23 June 2019

NZDUSD Rate Rebound Vulnerable to Dovish RBNZ Forward Guidance

NZDUSD stands at risk of staging a larger rebound ahead of the RBNZ interest rate decision on June 26 as the exchange rate carves a series of higher highs and lows.

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AUDUSD Gains, RBA Lowe Again Ponders Monetary Easing’s Limits

The Australian Dollar got a lift after the RBA Governor pointed to some of the difficulties apparent in a world where everyone is lowering interest rates

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2012-High Treasury Demand Sunk S&P 500, EURUSD Broke Resistance

The S&P 500 was denied another record high as demand for 10-year US government bonds soared to a 2012-high at auction, fueling risk aversion. EURUSD rocketed through resistance on PMI data.

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Weekly Technical Forecast: Where to After a SPX Record, Gold 6-Year High, Dollar Breakdown?

There were a range of remarkable technical developments this past week across the financial spectrum. A jump in risk-leaning assets pushed the S&P 500 back into record territory but gold defied popular convention by mounting its own rally to its own six-year highs. Then there is the Dollar which posted its heaviest weak in 16 months its medium-term trading range hit a record low.

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Weekly Trading Forecast: Watch Dow and EURUSD as G20 Approaches Amid Risk Resurgence

Risk appetite was charged this past week by the Fed’s alignment with other major central banks signaling a fresh wave of external support for stretched speculators. Alone, stimulus may not carry the torch though; so traders should keep in mind growth issues and trade wars as the G20 summit approaches.

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Dollar’s Biggest Weekly Drop in 16 Months Breaks Year-Long Bull Trend

The Dollar dove this past week following a high-profile Fed rate decision with momentum hitting speeds last seen in February 2018. In the process, it seems key support levels have cracked.

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Dow Jones, DAX 30, FTSE 100, ASX 200 Weekly Forecast

With the central bank extravaganza behind them, the Dow Jones, DAX 30, FTSE 100 and ASX 200 should look to enjoy a short-term tailwind from widespread dovishness.

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Saturday, 22 June 2019

Oil Price Weekly Outlook: Crude Rebound Face First Test of Resistance

Oil prices have rallied more than 9% this week with the advance now testing initial resistance targets. These are the levels that matter on the WTI weekly chart.

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Sterling Weekly Technical Outlook: GBP/USD, GBP/JPY, EUR/GBP

The British Pound risks swinging in response to the latest Brexit headlines and speculation over the Prime Ministers successor. What key technical levels should be watched in spot GBP/USD, GBP/JPY and EUR/GBP?
Key Words: GBP/USD forecast, GBP forecast, British Pound, Pound Sterling, Brexit

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Gold Weekly Forecast: A Perfect Storm of Rates and Risk

Gold (XAU) bulls have had a storming week with the precious metal up nearly $80 at one stage this week, touching levels last seen in September 2013. And with technical resistance breaking down, higher prices are a distinct possibility.

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Australian Dollar Week Ahead: AUDUSD, AUDJPY Near-Term Reversals?

The Australian Dollar may see near-term gains versus the US Dollar and Japanese Yen, but the AUDUSD weekly chart hints downtrend resumption in the medium-term. AUDJPY eyes resistance.

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US Dollar Outlook Mired by Bets for Fed Rate Cut in July

Fresh data prints coming out of the US economy may do little to heighten the appeal of the Dollar as the Federal Reserve alters the forward guidance for monetary policy.

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Trading the Bullish Engulfing Candle

The bullish engulfing pattern is an easy to identify reversal signal when used correctly. Learn how to trade using the bullish reversal.

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GBP Eyeing G-20 Summit, UK GDP After BoE Sends Chilling Message

Sterling traders will be nervously eyeing UK GDP and the G-20 summit after the BoE sent a chilling message about their outlook for Brexit and growth risks.

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Friday, 21 June 2019

Euro Technical Forecast: EURUSD May Break Falling Wedge Pattern

The Euro found a bid last week, and on that it is once again flirting with a breakout of a large falling wedge pattern; a confirmed break could send it considerably higher.

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Crude Oil Prices Cast Worried Eye on G20 Summit, Iran a Wildcard

Crude oil prices are eyeing a critical G20 summit where the US and China are expected to resume trade negotiations. Building tensions with Iran are a wildcard.

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A Dollar Reversal and S&P 500 Nonplussed at Record High Ahead of G20 Summit

The S&P 500 earned its record high this past week, but apparently it wasn’t a move inherently tooled for follow through. Meanwhile, the Dollar ended the week with a provocative breakdown. Will these trends continue?

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