Brent crude has now dropped over 20% since its April high and the chart, while oversold, suggests that prices may trend lower still.
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Wednesday, 7 August 2019
New Zealand Dollar Technical Analysis Overview: NZD/USD, AUD/NZD Levels to Watch
NZD/USD, AUD/NZD key levels to watch. RBNZ surprise announcement slams NZD/USD, while AUD/NZD faces plethora of resistance levels following bullish bounce
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Crude Oil Prices Eye 2-Month Low as Trade War Sours Global Growth
Crude oil prices seem poised to revisit two-month lows near the $50/bbl figure as US-China trade war escalation sours global economic growth expectations.
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Tuesday, 6 August 2019
US Dollar Eyes Fed’s Evans Speech After Bullard’s Commentary
The US Dollar will be closely monitoring a speech from Chicago Fed President Charles Evans after St. Louis Fed President James Bullard’s neutral commentary.
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Will Explosive US Dollar Gains Continue Versus MYR, SGD, PHP, IDR?
The US Dollar has scored explosive gains against its ASEAN counterparts. Will uptrends in USD/MYR, USD/SGD, USD/PHP and USD/IDR continue in the days ahead?
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Gold Price Breakout Raises Scope for Overbought RSI Signal
Gold climbs to a fresh yearly high, with the RSI approaching overbought territory as the price for the precious metal breaks out of a near-term holding pattern.
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US Dollar Strength Catapults USDNOK Above 17-Month Rising Support
US Dollar strength has caused Greenback-Nordic crosses to re-enter critical rising support levels, opening the door to a resumption of USDSEK and USDNOK’s prior uptrend.
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Doubt that S&P 500 Dip Buying, Monitor Both USDCNH and VIX Closely
Risk aversion has hit a speed gap and speculative appetite has rushed in to take advantage. As broad as the bounce may be, traders should not get too confident in the pressures building across the spectrum.
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New Zealand Dollar Sinks as RBNZ Surprises Markets With 50bps Cut
The NZD/USD dropped through support as the Reserve Bank of New Zealand unexpectedly delivered a 50-basis point rate cut from 1.50% to 1.00% amidst heightened uncertainty over trade.
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NZD/USD Technical Analysis: Trend-Setting Move Eyed as RBNZ Looms
The New Zealand Dollar stands on the cusp of a trend-defining technical break as all eyes turn to the RBNZ monetary policy announcement.
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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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