Wednesday, 7 August 2019

Trading on Sentiment: Using IG Client Sentiment Data

Traders can make informed decisions based on retail traders’ positioning. Learn how to filter trades using IG Client Sentiment.


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Gold Price Outlook: XAU/USD Rips into 1500 - Breakout Trade Targets

Gold prices have surged nearly 7% off the August low with the breakout ripping through initial resistance targets. Here are the levels that matter on the XAU/USD charts.


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Silver Price Breakout Begins as US Treasury Yields Drop to Multi-year Lows

An environment defined by plummeting US Treasury yields and a weak US Dollar has historically been very bullish for silver prices.


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Turkish Lira Price: USD/TRY Possible Reversal at Multi Month Low

Since the end of July US Dollar has been losing value against Turkish Lira. Here is how USD/TRY may perform with the significant technical levels the pair’s traders may need to consider.


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Bond Market Flashing Warning Signal, Crude Oil in Bear Market - US Market Open

Oil prices have continued to weaken amid the broader market slowdown, while the US 2s10s yield curve edges closer to inversion. Chinese Yuan remains key to market sentiment.


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US Dollar Price Action Setups: EURUSD, GBPUSD, USDCAD, USDCHF

The Equity sell-off has calmed for now but a number of questions remain around global markets. The US Dollar is currently testing lower-high resistance.


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Dow Jones, DAX, Crude Oil, Gold Price Charts & More

Global stock markets are poised for a bounce, while crude oil looks headed lower and gold higher after a retracement.


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EURUSD Price Remains Fragile After German Industrial Production Slumps

The recent EURUSD uptick is being reversed after the latest official German industrial production data show output crashing to multi-year lows.


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USD/CHF, EUR/CHF Price: Risk Off Last Week - What is Next?

Last week EUR/CHF weakened and tested its lowest levels in over 2 years. USD/CHF was slightly better. Here is how both pairs may perform and the levels they could test.


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FTSE 100 Technical Outlook – Trading at Varying Degrees of Support

The FTSE's swift decline of recent has brought the index in for a test of the 200-day and a couple other forms of support levels.


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Crude Oil Price Slumps into Bear Market Territory

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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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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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...