Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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Friday, 12 July 2019
CAD Rate Forecast Higher After Hitting 2019 Peak, USDTRY Soars - US Market Open
Canadian Dollar continued to its grind higher against the greenback, hitting a fresh 2019 high. USDTRY spikes higher as geopolitical tensions look set to rise.
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DAX Price Analysis: Facing Key Support Levels
Last week Dax printed its highest levels in eleven months then pulled back after. Here are the technical levels the price might rebound from in the few coming days.
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Gold Price Outlook Bullish, Silver Prices Could Soar on ETF Surge
Gold prices reclaim $1400 on dovish Powell, while slowing global growth keeps the precious metal underpinned. Silver becomes increasingly attractive amid the surge in ETF holdings.
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Most Volatile Currencies Next Week - GBP/USD, NZD/USD
Amid a raft of key economic data, GBPUSD and NZDUSD are expected to be among the most volatile currencies across the G10 space.
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Canadian Dollar Price Outlook: USD/CAD Sellers Might Push to This Level
Today USD/CAD continued its fall nearing the 1.3000 handle. Here are the levels the sellers may lead the price to
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EURUSD Technical Analysis: Trend Bias Bearish Amid Congestion
Euro technical positioning has sent mixed signals recently but a look past near-term congestion to the overall trend continues to argue for a bearish bias.
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Relative Strength Index (RSI) Defined and Explained
The Relative Strength Index (RSI) is a great tool to time entry and exit points. Learn more about this useful oscillator.
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Thursday, 11 July 2019
EURUSD May Fall on Industrial Production as Growth Outlook Dims
EURUSD will be closely watching the publication of industrial production data after the European Commission revised down the growth outlook for the Eurozone.
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Gold Prices May Struggle if US PPI Helps Cool Fed Rate Cut Bets
Gold prices may struggle to build higher if US PPI data points to stronger inflation than markets have accounted for, cooling Fed interest rate cut expectations.
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Dow Hits a Record High, So Why Didn’t the S&P 500, Nasdaq or Russell 2000?
The Dow hit a record high this past session having cleared 27,000. Taken alone, this would seem a reassuring development, but the uneven performance of other US indices raises some concern.
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Dollar Tumble Halted by CPI, Dow Ignores Fresh Trade War Threats Beyond US-China
Fed Chairman Powell kept the drum beat for a dovish policy shift to support speculative interest, but it may have been the ECB’s insights that truly move the needle. Meanwhile, trade wars are jockeying for volatility position.
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Will Facebook Libra Cryptocurrency Undermine Financial System?
Facebook’s intention to implement its world-wide Libra cryptocurrency has sparked controversy among regulators and central banks who fear it could undermine global financial stability.
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USD/SGD May Reverse as Singapore Economy Contracts Most Since 2012
The USD/SGD downtrend is at risk after Singapore’s economy contracted by the most since 2012 amidst trade wars as manufacturing declined, placing the focus on MAS monetary policy.
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USDCAD Rate Risks Bearish Behavior as Fed and BoC Take Different Paths
USDCAD stands at a risk of exhibiting a more bearish behavior as the Federal Reserve and Bank of Canada (BoC) take different paths in managing monetary policy.
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BCE Propone Extender los Estímulos Monetarios, Fed Asienta las Bases Para Bajar Intereses
Tanto el BCE como el Fed se plantea estímulos monetarios para encaminar sus economías que actualmente están experimentando un periodo de enfriamiento en el crecimiento económico.
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Earnings Season: Key Facts to Know & Why it is Important for the Stock Market Outlook
Earnings Season can be key to gauging the health of the economic outlook, while always being an important driver for stock market returns over the long term.
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Palladium Price May be on Course for a Fresh All Time High
Today, Palladium rallied to its highest price in three and half months, however; with clear signals of a near reversal may be on its way. Here are the key chart points to know.
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Gold Price Outlook: XAUUSD Holds Key Resistance After Powell Put
Risk markets put in a strong push on the heels of Powell's comments yesterday, but Gold prices were unable to take-out the prior high.
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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...
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