GBP/USD: 83% of Traders are Net-Long Suggesting Further Depreciation of Sterling against the Dollar

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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Platinum Price Outlook: Breaking above The Weekly Resistance - What Might Be Next

Last week Platinum lost nearly 4% of its value, however; this week the buyers are trying to come back. Here are the levels they have to consider to recover last week’s losses.


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CAD Drops as Bank of Canada Flags Concerns of Trade Wars

The Bank of Canada kept interest rates unchanged at 1.75% as expected. However, raises concerns of global trade war.


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US Recession Watch - What the US Yield Curve is Telling Traders

A key spread in the US Treasury yield curve is now suggesting that there is nearly a 33% chance of a recession hitting the United States within the next 12-months.


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USD Spikes Lower as Dovish Fed Powell Sets Stage for Rate Cuts

Fed Chair Powell provided a somewhat more dovish than expected speech sparking a drop in the greenback, while US equities and gold surged higher.


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Gold Prices Maintain Sideways Range Despite Plunge in Gold Volatility

With 2019 Fed rate cut odds at their lowest level since May 30, measures of volatility have dropped, and in turn, lower yielding currencies and safe haven assets have suffered.


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Canadian Dollar Expected to be Most Volatile Currency Amid BoC & Fed Risk

FX volatility is lifted as eyes turn towards Fed Powell’s testimony, however, the Canadian Dollar is expected to be the most volatile currency with implied vols at the highest in 2019.


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US Dollar Price Outlook Still Positive as Markets Wait for Powell Testimony

The US Dollar is well placed to extend its recent advance after the start today of the semi-annual testimony to Congress by Federal Reserve Chair Jerome Powell.


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GBP Sterling Forecast: GBP/JPY Price Eyes the High End of Current Trading Zone

On June 3 the sellers attempted to resume the bearish move has failed. Here are the key technical levels the pair might encounter in the few coming days.


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Gold & Silver Price Set-Ups Amid Fed Powell’s Testimony, FOMC Minutes

Eyes on Fed Chair Powell’s testimony and FOMC meeting minutes as gold prices test key support, while silver begins to slowly outperform gold.


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UK Economy Grows in May But Underlying Risks Continue

Sterling received a push higher on Wednesday morning as GDP figures showed that the British economy managed to grow in the month of May, after experiencing a contraction in the month of April.


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GBPUSD RSI Flirts with Oversold Zone, Retail Sentiment Gets Stretched

GBPUSD may exhibit a more bearish behavior over the coming days as the RSI flirts with oversold territory, while retail sentiment sits at an extreme.


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US Dollar May Rise on Fed Minutes if Dovish Forecasts are Foiled

GBPUSD will have a tumultuous day ahead of the publication of Fed meeting minutes and UK economic data along, Powell’s testimony before the House Financial Services Committee.


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AUDUSD Technical Analysis: Aussie Dollar Top May Be in Place

The Australian Dollar may have established a near-term top, ending a corrective upswing and setting the stage for resumption of the dominant downtrend against its US peer.


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Asian Stocks Trade Narrow, Mixed As Fed Powell’s Testimony Looms

Jerome Powell’s scheduled date with Congress this week was always going to draw crowds, but those strong labor market numbers last week have made the timing especially interesting


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Crude Oil and Gold Prices at Risk on Powell Speech, FOMC Minutes

Crude oil and gold prices may fall as testimony from Fed Chair Powell and minutes from June’s FOMC meeting shrink the gap between official and market policy bets.


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USDNOK Bullish Spike Ahead? Pair Retesting 15-Month Rising Support

USDNOK is looking to re-enter 15-month rising support after a significant plunge in June, with USDSEK following a similar pattern of resuming the broad uptrend.


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Dollar, S&P 500 and Gold on Volatility Watch as Powell Set to Testify

After a few days of uneasy chop, the markets are due to move back into important fundamental waters with Fed speculation expected through Chairman Powell testimony and FOMC minutes. Watch the Dollar and US indices closely.


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AUD Fixed On Fed’s Powell, In-Line China CPI Fails To Distract It

The Australian Dollar didn’t move much on news that China’s consumer prices remained steady last month. Ongoing price pain for manufacturers was evident too.


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Dollar Top Volatility Risk but Trade Potential Takes Discernment

If you were simply looking for ambitious volatility in these quiet markets, you could hardly do better than USDCAD between Powell testimony and BOC. Yet, if you want activity with probability, filtering is crucial.


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