Saturday, 20 July 2019

Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Technical Forecast

With US stocks teetering around all-time highs, volatility derived from earnings season could see the major markets fluctuate between key areas. Here are the levels to watch.


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Crude Oil Prices May Fall Further as Global Growth Outlook Dims

Crude oil prices may continue to fall after suffering the largest weekly drawdown in two months as the outlook for global growth – and thereby energy demand – sours.


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Friday, 19 July 2019

Euro Price Chart: EUR/USD Holding Multi-year Trend Support

Euro has been testing multi-year slope support since April and leaves bears vulnerable while above 1.1186. Here are the levels that matter on the EUR/USD weekly chart.


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Expect More Dollar and Dow Volatility on Fed Speculation, Trade Wars, US GDP

A mere anticipation for Friday’s US 2Q GDP release or isolated Euro response to the ECB rate decision ahead is no longer the easy course to expect from markets. Trade wars, recession fears and monetary policy will all wield volatility.


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EURUSD At the Crossroads of Most Critical Volatility Lines

There are a host of fundamental themes converging over the coming week with a high probability of volatility along each line. It just so happens that most of them hold considerable influence for the EURUSD.


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Australian Dollar Gains Should Hold As Markets Still Think Fed Will Cut

The Australian Dollar has shared fully in the broad US Dollar weakness seen as markets become more certain that US rates are going lower.


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Oil Price Climbs as Iran Seizes British Ship in the Strait of Hormuz

Crude Oil futures climbed after the Iranian Revolutionary Guard seized a British oil tanker, which adds more tension in the Strait of Hormuz days after the US shot down an Iranian drone.


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US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

Markets are geared up for softer policy out of both the Fed and the ECB, but will the Federal Reserve meet market demands for softer policy?


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Gold Price Rally Hits Forecast Target - What’s Next for XAU/USD?

Gold prices moved up to another fresh 2019 high today, hitting a key Fibonacci extension in the process. What does this mean for the near-term gold price outlook?


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Euro Price at Risk as Implied Volatility Spikes Ahead of ECB

EUR currency pairs are expected to experience heightened price action next week judging by rising implied volatility measures headed into the upcoming ECB rate review.


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Oil Price Chart: Crude Crushed Down to Support – WTI Trade Levels

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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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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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...