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Tuesday, 6 August 2019

Post-RBA AUDUSD Rebound Mired by Oversold RSI Signal

AUDUSD carves a narrow range following the RBA meeting, but recent developments in the RSI suggest the bearish momentum could still gather pace as it holds below 30.

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EUR/USD: Net-Long Positions Decrease by 36% from Last Week

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/USD price trend may soon reverse higher despite the fact traders remain net-long.

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Weekly Trade Levels: US Dollar, EUR/USD, USD/JPY, Gold & Silver

Webinar highlighting active trade setups we’re tracking into the start of the month. Here are the targets & invalidation levels that matter on the technical charts.

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Copper (HG) May Resume Bearish Price Action Below Weekly Support

Last week Copper closed in the red losing near 4% of its value. How the metal may perform? And what about the key chart points traders may need to keep in focus?

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USD/CNH Above 7.000: Trade Wars are Good, and Easy to Win

Now that China has acknowledged that it is using the USDCNH exchange rate to offset the Trump tariffs, the US Treasury has officially labeled China a currency manipulator.

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The Psychology of Speculation in the Forex Market

Trading psychology is a necessity to long-term trading success. Find out how to develop a positive mindset when speculating on forex

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AUD/USD and NZD/USD Rise as Chinese Yuan Stabilises - US Market Open

A relief rally across equity markets as the Chinese Yuan stabilises from yesterday’s plunge. Eyes on the Yuan fix going forward.

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Gold Price Breakout Hits Resistance - Pullback or Reversal?

Gold prices have been aggressively bid after last week's tariff announcement, finally finding a bit of resistance at fresh six-year-highs.

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US Dollar Hits Support, Euro Resistance; DXY, EURUSD Charts & More

The Dollar traded down to a small line of support; this has recent recoveries in currencies at risk of a counter move at the least…

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Will Market Sentiment Recover? | Webinar

There are tentative signs that the markets are bouncing after their recent selloff but the key question is whether that’s the start of a recovery or just a pause before further losses.

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Brexit Latest, GBP/USD Rally Struggles, EUR/GBP Fades Lower

Remainers are still trying to block Boris Johnson’s path to a no-deal Brexit with the latest reports that they will try and force a vote of no-confidence in the PM.

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Canadian Dollar Price: USD/CAD Hammered at Resistance – Now Eyes the Support

Last week USDCAD pulled back after testing its highest levels in six weeks. How sellers could take advantage of buyer’s hesitation?

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Dow Jones Tags 200-day; Technical Outlook for S&P 500, Nasdaq 100

The drop from record levels has been fierce, bringing into play long-term thresholds; a short-term bounce at the least should be in the works, but a larger sell-off may have just kicked off…

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What is The Brexit Backstop and How Does it Impact The Pound?

As the Brexit impasse continues, the issue of the Irish backstop remains the main sticking point between the UK and EU. Will it be resolved in time for a true breakthrough before the October 31 deadline?

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New Zealand Dollar Expected to be Most Volatile Currency With RBNZ Set to Cut Rates

Short term volatility in NZDUSD jumps amid RBNZ rate decision. Money markets currently pricing in a 100% chance of a rate cut.

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Crude Oil Price Hits a 7-Month Low, Chart Remains Weak

The oil complex took a sharp hit Monday as US-China trade wars ramped up, and when coupled with a weak global growth outlook, further losses cannot be discounted.

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Gold Prices Hit 6-Year High as US-China Trade Spat Sinks Bond Yields

Gold prices surged as US-China trade war escalation sowed panic across the markets and sent bond rates tumbling, boosting the appeal of non-yielding precious metals.

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