Sunday, 28 July 2019

NZDUSD Technical Analysis: Six-Week Uptrend Under Fire

The New Zealand Dollar has retreated from 13-month trend resistance to challenge the bounds of a six-week upswing against its US counterpart.


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USD Uptrend Extends on GDP as GBP Suffers on Latest Brexit Woes

The US Dollar uptrend may extend after resistance was taken out on US GDP, Alphabet and Twitter earnings propelled the S&P 500 higher. GBP/USD is vulnerable to the latest Brexit woes.


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Weekly Technical Forecast: A Concert Dollar, Dow and Gold Bull Trends Unlikely to Continue

The Dow has led US indices to record highs while other risk-leaning assets continue to lag. Dollar hasn’t broken its two year high, but it is within easy reach while Gold seems to be taking a pause off its own multi-year high awaiting the next wave. All three of these assets are unlikely to hold their correlated path…especially with the Fed rate decision expected to deliver the first rate cut in years.


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Weekly Trading Forecast: Dollar and Dow Dialed in to Fed, NFPs and Trade Wars

After a week of dovish ECB, a US GDP beat and unexpected headlines from President Trump; we now move into a second week of heavy scheduled and unscheduled event risk. The FOMC rate decision is an event that will stretch to all corners of the financial system and the focus on the US President�s trade and monetary pressure will only increase.


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US Dollar Technical Forecast: Fresh Highs Ahead FOMC, What’s Next?

The US Dollar rallied throughout the week ahead of the highly-expected rate cut. But – what might the Fed say about the rest of 2019 and how will the USD respond?


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Dow Jones, Nasdaq 100, S&P 500, DAX 30, FTSE 100 Forecast

Earnings season continues next week, but a series of central bank decisions will look to wrestle the market’s focus back to monetary policy.


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Saturday, 27 July 2019

Euro Weekly Forecast: ECB Stimulus Primed and Ready as Outlook Sours

The outlook for the Euro-Zone economy remains gloomy and with fresh central bank stimulus on the way, the path of least resistance for the Euro remains lower.


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Crude Oil Price Chart Outlook Anchored to Technical Confluence

Crude oil price selling pressure has waned over the last week with the commodity aiming to consolidate at technical support before attempting to rebound higher and retest chart resistance.


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British Pound Hits Two-Year Low as Speculative Position Also Hits Extreme

After two weeks of consolidation at multi-year lows, GBPUSD would ultimately earn a bearish break on its short-term wedge. It seems another easy shove to a well-worn trend, but beware the reversal risks.


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Gold Prices May Suffer if FOMC Undermines Dovish Expectations

Gold prices may look increasingly overpriced if the FOMC rate decision and commentary fall short of the market’s comparatively more dovish expectations, opening the door to weakness.


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AUDUSD Weekly Outlook: Aussie Bulls Look for Signs- Price Dips to .69

Aussie is poised to mark the largest weekly decline since April after reversing sharply off key resistance. Here are the levels that matter on the AUD/USD weekly chart.


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US Dollar Seems to be Biased Upward on FOMC Rate Decision

The US Dollar seems more likely to rise than fall after the FOMC monetary policy announcement even as an interest rate cut is overwhelmingly expected.


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S&P 500, Dow Jones Technical Forecast

S&P 500 holds key support, however, bearish divergence leaves index vulnerable. Dow Jones showing signs of exhaustion


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Friday, 26 July 2019

Euro Weekly Technical Outlook: EURUSD Downward Momentum Stalls at Support

The Euro traded into support prior to the ECB on Thursday, following there was some volatility price action that resulted in a Long-legged Doji candlestick.


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Dollar Versus Gold Trends as Trump Warns on Trade War, FOMC Decision Approaches

Growth as a driving fundamental wind – particularly for Dollar bulls – has passed with the weekend liquidity drain. A Fed decision and provocative remarks on Trade wars from Trump will guide our week ahead.


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Gold Price Gains Kept Afloat by Robust ETF Holdings and Demand

Gold price gains have stalled over the last two weeks, but continuous demand for gold exposure in the ETF market could look to assist the trend higher.


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ECB monetary policy | Nicholas Cawley | Podcast

DailyFX analyst Nicholas Cawley discusses the recent ECB meeting – what does it mean for the euro and future policy?


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USDZAR: South Africa Credit Rating Cut by Fitch, Rand Drops

The South African Rand is weakening further after Fitch Ratings cut South Africa's credit rating to junk status with negative outlook.


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Gold Price Targets: Breakout Stalls – XUA/USD Coils Below Resistance

Gold prices are softer this week after reversing off key uptrend resistance. Here are the breakout levels that matter on the XAU/USD weekly chart into the close of July.


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GBP/USD & GBP/JPY Look to Yearly Lows amid Latest Brexit News

Attempts by new UK Prime Minister Boris Johnson to reframe the Brexit negotiations appear to be falling on deaf ears in Brussels.


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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...