EUR/USD Rate Drops after Christine Lagarde Nominated Next ECB President

International Monetary Fund Managing Director and Chairwoman Christine Lagarde has been tapped to replace Mario Draghi as the next president of the European Central Bank.


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US Dollar Resistance at Prior Support: EUR/USD, USD/JPY, AUD/USD

The US Dollar is coming off of bearish backdrop in June, but prices so far in Q3 have pushed up for a test of lower-high resistance.


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Gold Prices Proving Resilient During Correction as Gold Volatility Drops

Gold volatility has pulled back significantly in recent days, but gold prices have not fallen as much as the gold volatility contraction would imply.


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Platinum Price Analysis: Buyers Losing Momentum

On Friday, Platinum printed its highest levels in six weeks, however; it showed clear weakness signs after. Here are the key points where the sellers could take charge.


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EURUSD Gains Limited on ECB Sources, GBPUSD Dips - US Market Open

The Pound is broadly weaker across the board, following another round of weak UK data. EUR gains limited as ECB look set to signal further easing is coming at July meeting.


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GBP/USD: Net-Long Positions increase by 10.1% from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD bearish contrarian trading bias.


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Crude Oil Price Outlook: Oil Grind Continues at Confluent Resistance

Crude oil prices put in a bullish gap to open this week's trade, but bears quickly came back to push prices back-below confluent resistance.


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Market Sentiment Helped by US-China Trade Truce | Webinar

A possible truce in the US-China trade war is lifting market sentiment. However, it is being offset by a continuing trade dispute between the US and the EU.


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Gold Prices Remain Bullish, Silver Prices May Begin to Outperform Gold

Gold sees a marginal pullback from overbought territory, however, the outlook remains bullish, while silver may start to outperform gold prices on a pullback in the gold/silver ratio.


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Canadian Dollar Forecast: USD/CAD Looking to Re-coup Recent Price Losses - Levels to Watch

USD/CAD lost last month nearly 3.1% of its value. Here are the key technical levels the pair may encounter in the few coming days.


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GBPUSD Drops as UK Construction Sector Collapses, Fear of Q2 Contraction

The UK economy faces rising risks as political uncertainty weighs on growth. Construction and Manufacturing PMIs experience sharp declines. Focus on Services PMI to consolidate a direction


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USDSEK Retesting Critical 17-Month Rising Support - Break Ahead?

USDSEK is trading at the cusp of former support now-turned resistance while USDNOK and NOKSEK appear to have entered congestive periods.


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Crude Oil Prices Shrug at OPEC Output Cuts, Chart Hints at Top

Crude oil prices shrugged at an OPEC decision to prolong coordinated output cuts through early 2020 even as technical positioning warns that a turn lower may be in the works.


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EU-Mercosur Deal Achieved After 20 Years Despite US Threats to Global Trade

As Donald Trump is threatening to increase protectionism in world trade the EU is doing just the opposite by seeking fruitful trade deals around the world to ensure its goods are freely traded.


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US Dollar, Stocks Eye Fed’s Willians Outlook on Economy, Policy

The US Dollar and local equity markets will be closely watching a speech from FOMC Vice Chairman John Williams where he will outline the outlook for the economy and monetary policy.


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Philippine Peso Post-G20 Rally Eyes CPI, INR to India Budget Deficit

The Philippine Peso may extend gains from the G20 US-China trade truce if local CPI data beats expectations. Meanwhile, the Indian Rupee awaits the fiscal 2020 budget deficit target.


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An S&P 500 Record High Not Worth Trusting, A Dollar Recovery More Likely to Stall

We start the new week/month/quarter with a mixed perspective. On the one hand, there is a favorable interpretation of the G-20 summit, but that curbs Fed cut views and conflicts a clear growth downgrade. And then there is liquidity…


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Australian Dollar Whipsaws As RBA Cuts Rates For Second Straight Month

The Australian Dollar fell initially but bounced quickly on news that the Official Cash Rate had been cut to a new record low of 1%, following an earlier reduction in June.


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AUDUSD Chart Analysis: Aussie Sellers Move to Retake Control

The Australian Dollar may have capped the upswing from mid-June lows, with sellers poised to resume the dominant downtrend and eyeing decade lows.


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Reserve Bank of Australia (RBA) Rate Cut to Rattle AUDUSD Rebound

The RBA meeting may rattle the recent rebound in AUDUSD as the central bank is expected to reduce the official cash rate (OCR) to a fresh record-low of 1.00%.


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