Friday, 9 August 2019

Bitcoin Price: Will BTC/USD May Resume Recent Surge?

This week Bitcoin traded its higher price in nearly five weeks. However, the price slipped back after. Here are the technical key levels Bitcoin traders may need to monitor .


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US Dollar Treading Water as Central Banks Follow Fed in Race to Bottom - Central Bank Weekly

A growing chorus of central banks are joining the Federal Reserve in their efforts to stimulate the economy through lower interest rates.


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Gold Price Targets: XAU/USD Surges 4%- Can the Rally be Sustained?

Gold prices surged nearly 19% off the yearly lows with the rally targeting key long-term uptrend resistance. Here are the levels that matter on the XAU/USD weekly chart.


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US Dollar Price Charts for Next Week: GBPUSD, EURUSD, USDCAD & More

Looking ahead to next week, there are a few noteworthy technical developments to watch in USD pairs.


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EURGBP Price Probes One-Year High as Rally Reignites

The three-month EURGBP rally continues unabated despite the EUR struggling against other currencies. GBP remains weak but the pair are currently flashing an overbought warning.


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Canadian Dollar Price: USD/CAD Uptrend Move Fades - Key Levels to Watch

After printing its highest level in seven weeks USD/CAD buyers show signs of weakness. How sellers could take advantage of this development?


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Gold Price Rally May Soon Find Opposition at Long-term Levels

The rally in gold has been strong and still has a little room to run, but a meaningful pullback may be around the bend as long-term resistance lies just ahead and sentiment turns extreme.


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Sterling (GBP) Down But Not Out After UK Q2 GDP Contracts

Provisional UK Q2 GDP showed the economy contracted in the second quarter as manufacturing output fell. Sterling moved lower but the falls are currently limited.


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Euro Price Outlook: EURUSD Rattled as Italian Government Fractures

Italian deputy prime minister Matteo Salvini has called for a snap election in Italy saying there is no longer a majority in Parliament as his spat with co-deputy prime minister Luigi di Maio turns increasingly ugly.


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Thursday, 8 August 2019

US Dollar May Rise Against GBP if UK GDP Data Spooks Markets

The US Dollar may rise against the British Pound if preliminary UK GDP data spooks markets and causes investors to flock to the highly-liquid Greenback.


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Crude Oil Price Drop May Resume as Risk Appetite Evaporates

Crude oil prices may succumb to selling pressure once again after a brief respite as trade war worries push markets to reduce exposure ahead of the weekend.


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EURGBP May Retreat as Euro Faces Selling Pressure Ahead

EURGBP’s consecutive 14-week rise may come to an end with the pair possibly aiming to test what could be a new key support level against the backdrop of Italian political volatility.


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S&P 500 Charges as Complacency Fights Back Trade Wars, Frustrating Trump on Dollar

Trade wars may be still smoking, but the market only deals with what is currently on fire. In the absence of fallout, speculative appetite prevails. Yet, that creates a problem for the President interested in a weaker Dollar…


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AUD/USD Rise on RBA Philip Lowe at Risk to Trade Wars Post China CPI

Near-term Australian Dollar gains may be short-lived after commentary from RBA Governor Philip Lowe and mixed Chinese inflation data as trade wars remain an AUD/USD downside risk.


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USDCAD Correction Stalls as Trump Tweets on Fed Policy, Strong Dollar

USDCAD pulls back from the monthly high as President Trump tweets that “the Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high.”


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USD Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CAD

The US Dollar sits atop a trend-line that could soon give way. In this webinar, a series of setups were looked at on either side of the USD.


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Euro Technical Price Outlook: EUR/USD Near-term Breakout Imminent

A rally of more than 2% takes Euro into near-term consolidation just below downtrend resistance. Here are the levels that matter on the EUR/USD technical price charts.


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Canadian Dollar Outlook: USD/CAD Turns to Canada Jobs Data

The Canadian Dollar is ripe for heightened forex price action surrounding the July Canada jobs report due for release during Friday's trading session - here's what you should know.


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US Dollar Treading Water as Central Banks Follow Fed in Race to Bottom - Central Bank Weekly

A growing chorus of central banks are joining the Federal Reserve in their efforts to stimulate the economy through lower interest rates.


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Gold Prices Most Overbought Since 2011 - but Does it Matter?

Gold prices are overbought but that's nothing new. The big question is how aggressively bulls are going to continue to push.


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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...