Saturday, 29 June 2019

Yen Supported by Two Huge Uncertainties; USDJPY Downtrend May Extend

The Japanese Yen has headed into a new calendar quarter on a high note, with its customary haven role underscoring demand which has brought USD/JPY down to its 2019 lows.


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US Dollar Q3 Forecast: Dollar Feeling Weight of Fed, GDP and Trade Wars

The US Dollar was heading into the second half of 2019 in an uncomfortable state of uncertainty and it seems the technical boundaries are starting to come under existential strain.


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Q3’19 Euro Forecast Sees Economic, Political Uncertainties Back on the Rise

Euro technical positioning looks inconclusive at the mid-year mark as political issues have been a slow burn in Europe over the past several months while the economic growth picture in Europe could be characterized as charitably-mild.�


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Friday, 28 June 2019

Dollar, Dow, Gold a Cross Roads of G-20, Holiday Trade, Pent Up Anxiety

Reversals and breakouts seem to be developing hand-in-hand across a variety of financial benchmarks. Will the G20, growth or NFPs set markets in motion or do we wait for a more decisive spark?


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Crude Oil Price: Will Global Growth Fears Overwhelm OPEC?

Crude oil price outlook over the third quarter looks set to be broadly overwhelmed by slowing global GDP growth, yet OPEC+ supply cuts and political risks pose upside risks.


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EURGBP Has Matched a Record Weekly Rally as Resistance Approaches, Now What?

There aren’t many opportunities in the market that are reliably divorced from complicated systemic matters like trade wars. EURGBP certainly avoids that them and it has a remarkable technical picture.


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Forex Volatility Highlights EUR/USD, USD/CAD & AUD/JPY Next Week

Currency traders may find interest in spot EUR/USD, USD/CAD & AUD/JPY next week as forex volatility looks to climb on the back of heightened event risk and rising uncertainties.


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Gold Price Q3 Forecast: Gold Outlook Bullish on Imminent Fed Rate Cut

Gold took out the 2014 high ($1392) after the Federal Reserve altered the forward guidance for monetary policy.


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Dow Jones, Nasdaq 100, DAX 30 Weekly Technical Forecast

With a high-stakes weekend ahead, here are the technical levels to watch for the Dow Jones, Nasdaq 100 and DAX 30 in the event of a trade war breakthrough - or breakdown.


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Fed Rate Cuts in 2019; RBA Rate Cut in July; ECB Rate Cut Coming? - Central Bank Weekly

With the G20 summit in Osaka, Japan this weekend, interest rate markets have taken on a different shape in the final days of June.


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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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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...