The Euro may fall against its major counterparts if Eurozone economic confidence data undershoots forecasts and fuels ECB rate cut bets after last week’s meeting.
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Monday, 29 July 2019
GBPUSD Retail Position Remains Stretched, RSI Dips into Oversold Zone
Current market conditions may produce a further decline in GBPUSD as retail position remains stretched, while the RSI pushes into oversold territory.
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USD/JPY Chart Resistance Still in Focus After BoJ as Yen Eyes Fed
The USD/JPY held under key resistance as the Bank of Japan left rates unchanged. The Yen faces conflicting technical and IG Client Sentiment signals ahead of US-China trade talks and the Fed.
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SEK, NOK Brace for Turbulence Ahead of FOMC and Sweden GDP
The Swedish Krona and Norwegian Krone will likely experience unusually high volatility with Swedish GDP, the FOMC rate decision and other high-event risk in the week ahead.
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Fed Anticipation Extend’s Longest Dollar Run in Year, Pound Tumbles on Brexit Warning
There is an unease that is easy to spot in the global markets. Risk trends are hampered by anticipation of the Fed decision on Wednesday, but there is clear expectation for the outcome, which itself may spark a necessary response.
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Gold Price Forecast: Topside Targets on Radar Ahead of FOMC Meeting
The looming shift in US monetary policy may prop up gold prices as the Federal Reserve is widely expected to deliver a rate cut on July 31.
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AUDUSD Technical Analysis: Sellers Aim at Three-Year Support
The Australian Dollar looks poised to challenge three-year support above the 0.68 figure against its US counterpart after breaking the bounds of a six-week uptrend.
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EURUSD Looks Lower as Silver & Gold Prices Consolidate Near Highs
EURUSD fell to new lows last week while silver and gold consolidated near their highs. These trends appear incomplete according to Elliott Wave Theory.
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EUR/USD Price Action Eyes Inflation Data Ahead of Fed
Spot EURUSD currency traders shift focus to Tuesday's release of Eurozone and US inflation numbers in addition to US Consumer Confidence.
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US Dollar Price Outlook: DXY Breakout vs Fed Rate-Cut – Trade Levels
The US Dollar is approaching resistance at the yearly highs with major event risk on tap. Here are the levels that matter on the DXY weekly chart into the close of July.
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Weekly Trade Levels: US Dollar, EUR/USD, USD/CAD, Gold & Silver
Webinar highlighting active trade setups we’re tracking into the close of the month. Here are the targets & invalidation levels that matter on the technical charts.
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Forex Economic Calendar Week Ahead: Fed Meeting, BOE Meeting, US NFP & More
As the calendar turns from July to August, FX markets are bracing for a wave of volatility mid-week.
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Exponential Moving Average (EMA) Defined and Explained
Learn more about the exponential moving average-a derivative of the standard moving average and a great technical indicator
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Gold Price Technical Outlook: XAUUSD Grasps at Support Ahead of FOMC
Gold prices grasp at support ahead of the Fed's widely-expected rate cut. More important for Gold is likely what the Fed says about the rest of 2019.
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Copper Price Forecast: Sellers Eye a Test of Multi-Week Low
Last week Copper closed in the red and lost near 2% of its value. Here are the levels sellers may need to consider to kick start a downtrend
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200 Day Moving Average: What it is and How it Works
The 200 day moving average is widely used by traders to identify long term trends. Learn how to apply it when trading
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GBP Technical Outlook: EUR/GBP to Resistance, GBP/USD Plummets
It's a big week for the British Pound and GBP/USD is wasting no time, dropping to fresh two-year-lows ahead of the FOMC and BoE Super Thursday.
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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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US Dollar Eyes 2019 High, GBPUSD Plummets Through 1.2300 - US Market Open
GBPUSD breaks below 1.2300 to hit a fresh 28-month low as no-deal Brexit risks continue to build. US Dollar eyes 2019 peak ahead of Fed decision.
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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....