Thursday, 15 August 2019

US Dollar May Extend Gains vs Euro if Sentiment Data Sours

The US Dollar may rise against the Euro if University of Michigan sentiment reports sap confidence, driving demand for liquidity and subsequently pushing the Greenback higher.


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Asia Pacific Stocks Mixed As Wary Investors Eye US Bond Yields

Regional trade was short of an overarching theme as the week bowed out, but the Treasury market and next week’s Jackson Hole meeting were much in mind.


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US Dollar May Gain Versus Ringgit Despite Malaysia GDP Surprise

The US Dollar may resume its advance against MYR after Malaysian GDP surprised to the upside. The USD/MYR could rise down the road if trade war fears continue fueling haven demand.


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Gold Price Rise May Extend But Signs of Exhaustion Are Emerging

Gold prices may continue inching upward but technical cues pointing to ebbing momentum are warning of a possible pullback before the broader rise resumes.


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Gold Prices Are the Best Haven to Yield Curve-Based Recession Fears

The inverted US yield curve is only one point of concern in the state of global government bond yields. Recession risks are raising concerns over the state of global growth and financial stability. Where do we find safety moving forward?


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S&P 500 Outlook Steadies Despite Recession Fears, EURUSD Tumble Not a Data Move

Risk assets managed to pullback from the brink of self-reinforcing selling this past session, though the fundamental spark that set the tumble into motion in the first place – recession fears – was still prominently displayed.


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US Dollar and Yen May Rise on Japan, South Korea Trade War

The US Dollar and Japanese Yen may extend gains if the trade war between Japan and South Korea boosts demand for liquidity, though KRW weakness may be stemmed by FX intervention.


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EURGBP Reversal of 14-Week Uptrend May Accelerate in Week Ahead

EURGBP’s consecutive 14-week climb may be coming to an end and could in fact accelerate in the week ahead if Italian politics cause capital flight from the Euro.


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USD/JPY: US Dollar Price Action Eyes Consumer Sentiment Survey

USDJPY forex traders gear up for potentially sizable swings in spot prices with high-impact event risk surrounding Friday's release of August Consumer Sentiment data on deck.


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FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY

The headlines have remained busy and this morning brought another item of importance around the potential for more ECB QE.


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Silver Price Targets: XAG/USD Hits Trend Resistance at Yearly Highs

Silver prices rallied to fresh yearly highs this week with the advance stalling at confluence uptrend resistance. These are the levels that matter on the XAG/USD charts.


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Bitcoin Price Forecast: Trendline Under Fire as BTC Breaks $10,000

Bitcoin prices are down -13% this week as traders look to pressure the coin toward an important trendline. At present, technical support looks to be the sole factor keeping BTC afloat.


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How to Trade the Dark Cloud Cover Candlestick

The Dark Cloud Cover pattern is used to spot reversals and achieve favorable risk to reward ratios. Learn how to trade this pattern.


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Euro Pressured by Dovish ECB Stimulus Comments from Rehn

The Euro is coming under heavy selling pressure following the latest remarks from the ECB's Rehn hinted at the need for an aggressive monetary stimulus package as soon as next month.


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Gold Price Targets: XAU/USD Breakout Halted at Trend Resistance

Gold prices ripped into multi-year trend resistance this week - the breakout is vulnerable while below. Here are the levels that matter on the XAU/USD weekly chart.


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USD/JPY, GBP/JPY Price Outlook: Positive Reversal as Support Holds

This week USD/JPY and GBP/JPY U-turned after testing fresh lows. However, the outlook still bearish unless both pairs clear those critical levels.


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Oil Price Technical Analysis: WTI to 55 - Can Sellers Take Control?

Oil prices were back on offer yesterday after a confluent level of resistance came into play. But can sellers continue to push down to big-picture support?


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GBPUSD Outperforming, US Dollar Bounces on Strong Retail Sales - US Market Open

GBPUSD outperforming, however, Brexit risks remain. US Dollar bounces on strong retail sales data, raising likelihood of upgraded GDP trackers.


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FTSE 100 Price Outlook: Test of ’The’ Bull Market T-line May Come Soon

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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EUR/GBP Price Fading Back Towards Support After Double-Digit Rally

EURGBP is on course to record its first down week in over three months as bulls take a breather and wait for the next entry point.


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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...