Friday, 28 June 2019

S&P 500 Eyes First Weekly Decline Since May as G20 Summit Kicks Off

World leaders meet for the annual G20 Summit in Osaka, Japan this weekend as market participants eye talks between Trump and Xi to gain insight on the ongoing trade battle between the two countries


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New Zealand Dollar Price Chart: Kiwi Rally Testing 2019 Open

Kiwi is the top performer against the US Dollar this week with a rally of nearly 2% into the June close. Here are the levels that matter on the NZD/USD price charts.


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Crude Oil Price Caught at Resistance Ahead of Key OPEC Meeting

The crude oil bounce may have met its match as a confluent level of resistance has held the highs ahead of a key OPEC meeting next week.


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Gold Price Weekly Outlook: XAU/USD Rally Losing Steam into July Trade

Gold prices are poised for a sixth consecutive weekly advance with rally vulnerable int the start of July. Here are the levels that matter on the XAU/USD weekly chart.


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USDCAD Tests 2019 Low, USD Pullbacks on Month-End Rebalancing - US Market Open

Yet again ranges are relatively tight ahead of the G20 summit. USDCAD bounces off 2019 low, eyes on BoC outlook survey.


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Double Top Pattern: A Forex Trader’s Guide

Double top chart patterns are very popular among forex traders. Learn how to spot double tops and how to use them to plan your trades.


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US Dollar Price Outlook for Q3 in EUR/USD, USD/JPY

A riveting Q2 is nearing its end, but can the US Dollar breakdown that began in June continue into the second-half of the year?


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EURUSD, GBPUSD, GBPJPY – Charts for Next Week

Looking ahead to next week, there are a few developments worth paying attention to in both majors and cross-rates.


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S&P 500: Retail Trader data shows 29.5% of traders are Net-Long

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.


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Canadian Dollar Analysis: USD/CAD Why the Sellers May Need to Watch This Price

Since June 18 USD/CAD has lost nearly 2.3% of its value. Here are the levels where the pair may rebound or could extend its losses


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Could Silver Price Soon Start Outperforming Gold Price?

Silver has been a laggard for years, with the ratio to gold dwindling since the 2011 highs; now that gold has broken out silver has fallen further behind, but that could change soon.


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Weaker Dollar Sends EURUSD Higher, Eurozone Core CPI Back Above 1%

EURUSD continues to climb as fresh remarks from Donald Trump about international trade sends the USD lower across the board


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Crude Oil Price Analysis: OPEC Set to Extend Production Cuts

OPEC and Non-OPEC ministers will convene from July 1st and 2nd where expectations are for oil production cuts to be extended throughout the remainder of 2019.


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Thursday, 27 June 2019

EURUSD Eyes G20 Summit, Xi Trump Meeting and US Data

EURUSD tenses up ahead of the G20 summit in Osaka Japan where US-China trade talks will be under close scrutiny against the backdrop of critical US economic data.


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Asian Stocks Fall , Global Investors Eye Trump-Xi G20 Meet Nervously

Falls weren’t huge for Asia’s big-player stock indexes but there was little appetite for bullish bravery either as a long-awaited encounter gets very near.


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EURGBP Could Break 1-Month Rising Support, Upside Momentum Fading

EURGBP 2-month uptrend may break as underlying upward momentum is showing increasing weakness as fundamental headwinds continue blowing against the Euro.


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EURUSD and Risk Asset Wind Up Before G-20 Summit

The Dollar has wavered in the middle of a breakdown and risk trends have lost traction immediately after the S&P 500 has set a record high. This is what anxiety in a key event like the G-20 summit looks like.


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Nikkei 225’s Young Revival Shows Signs Of Topping Out Already

The Nikkei 225 has bounced this month and topped its previous significant high. However it has retreated since.Bulls may not have long to get things back on track.


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EURUSD Rate to Stay Afloat on Sticky Euro Zone CPI

Updates to the Euro Zone Consumer Price Index (CPI) may keep EURUSD afloat as the core rate of inflation is expected to pick up in June.


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FX Price Action Setups in EUR/USD, USD/JPY and AUD/USD

The US Dollar has finally found some element of support. But with the Q3 open fast approaching, is this but a blip in the build of a bigger-picture bearish theme?


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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...