Oil prices have sold off for the past five days with crude now approaching the first major support zone. Here are the levels that matter on the WTI technical charts.
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Friday, 19 July 2019
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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Silver Price Forecast: Uptrend May Continue Towards New Multi-Month High
This week Silver soared and printed its highest level in over nearly 13 months. Here are the levels buyer need to consider to keep pushing the price higher
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EURUSD Drops as Italy Risks Snap Elections, USDCAD Spikes - US Market Open
A recovery in the US Dollar alongside Italian political risks pushes the Euro lower, while CAD drops as retail sales missed expectations.
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US Dollar Goes Haywire on Fed-Speak Mis-Fire: Now What?
Markets got chaotic after an off-hand comment from NY Fed President John Williams. Those comments were walked back as the Fed now enters the blackout period.
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USDCAD, GBPUSD, EURJPY & More – Charts to Watch Next Week
Looking ahead to next week, there aren't a lot of high conviction charts, but a few developments worth monitoring.
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S&P 500, Dow Jones, Russell 2000 Technical Landscape is Getting Interesting
Stocks are pulling off from resistance following fresh record highs, watch how price action plays out as the market tries to work off overbought with the prospect of a long-term topping pattern in play…
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GBPUSD Outlook: Volatility Begins to Awaken as Brexit Risks are Priced In
GBPUSD expected to be volatile as markets begin to price in Brexit risks ahead of the October deadline.
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Canadian Dollar price outlook: USD/CAD Looks to Accelerate the Downtrend Move
USD/CAD bearish move slowed down significantly this week. Here are the levels the sellers need to clear to continue pressing the price lower.
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NZDUSD Technical Analysis: 2-Year Downtrend Ready to be Broken?
The New Zealand Dollar rises to three-month high, taking aim two-year trend resistance. RSI divergence warns that a breakout may not be in the cards however.
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Johnson vs Hunt: Leadership Rivals Differ on More Than Just Brexit
Find out how Conservative leadership rivals Boris Johnson and Jeremy Hunt differ regarding Brexit, public spending and taxes.
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Gold Price Soars Through Resistance, Consolidation Needed Ahead of Next Push
Gold broke out of its recent pennant formation to the upside Thursday and may push even higher although a period of consolidation is needed to strengthen the next move.
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Crude Oil Prices May Rise While Gold Falls as Markets Consolidate
Crude oil prices may turn higher while gold pulls back from recent highs as commodity markets digest recent volatility into the end of the trading week.
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Thursday, 18 July 2019
EURUSD May Rise if Sentiment Data Amplifies Fed Rate Cut Bets
EURUSD may continue jumping if University of Michigan sentiment data shows weakness and amplifies what are already-aggressive Fed rate cut expectations
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Gold and APAC Stocks Juiced By Fed’s Williams, Whatever He Meant
Asian stocks gained on hopes for lower US rates, with gold miners and chip makers leading the regional way higher
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Dollar Tumbles as 50bp Fed Cut Baked In But Beware EURUSD, AUDUSD Trades
Trade wars and growth forecasts continued to form an uneven path for the markets, but speculative drive seems to have taken a significant tug in attention. A surge in expected Fed cut forecasts has stirred both Dollar and general risk.
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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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EURGBP Uptrend May Soon Retreat as Pair Test 9-Month Resistance
EURGBP broke through the 2-month rising support channel but the pair has continued to trade higher and is now testing a critical resistance range.
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Gold Price Rips & USD Dips Sharply as Fed Rate Cut Bets Surge
Increasingly dovish commentary from Federal Reserve officials has pushed the market's expectations of a 50-basis point rate cut soaring which is sending gold higher and the dollar lower.
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US Dollar Price Action Setups in EUR/USD, GBP/USD, USD/CAD, AUD/USD
The US Dollar will likely remain center-stage as the Federal Reserve's first rate cut in over a decade is expected in less than two weeks.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...