Crude Oil Prices Exit Triangle to the Downside - Implications for USD/CAD

Now that the crude oil symmetrical triangle is seeing prices break lower, pressure is building for a topside break in USDCAD.


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USD, EURUSD, GBPUSD, USDCAD & More: Charts for Next Week

There are a few technical developments to watch as we roll towards a new week, USD in focus as an inflection point nears.


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Trade War Latest: China Announces Retaliatory Tariffs on US - US Market Open

China will levy 5-10% on $75bln of US goods from September 1st and December 15th, crude oil plunges, while Japanese Yen heads higher.


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US Dollar Outlook: GBPUSD, USDJPY Price Action on Fed’s Powell

Focus is on Fed Chair Powell at the Jackson Hole Symposium. GBPUSD shorts are squeezed with liquidity remaining thin, while USDJPY risks tilt to downside on dovish disappointment.


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USD/CAD Price Outlook: Canadian Dollar Eyes Break Out

Since last week USD/CAD uptrend momentum has been showing some exhaustion signals. Here are the levels USDCAD trader may need to keep an eye on.


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Using Price Action As Your First Indicator in Technical Analysis

Price action is the study or analysis of price movement in the market. Learn more on how to apply price action in trading.


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Crude Oil Price Forecast: Watch for Battle at Resistance to Resolve Lower

The rally in crude oil has arrived at an inflection point that is seen as having potential to turn the commodity towards another swing lower.


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GBPUSD Price: Giving Back Gains Ahead of Fed Powell’s Speech

The British Pound put in a strong performance Thursday after commentary from Angela Merkel and Emmanuel Macron gave fresh hope to the Brexit process. For GBPUSD traders, Jerome Powell now comes into focus.


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Crude Oil Prices May Fall as Fed Chair Powell Cools Rate Cut Bets

Crude oil prices may fall as Fed Chair Jerome Powell pours cold water on interest rate cut speculation in a speech at the economic symposium in Jackson Hole.


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Euro May Fall vs US Dollar on Powell Comments at Jackson Hole

The Euro may fall vs the US Dollar if Fed Chairman Jerome Powell’s comments spark risk aversion and boost demand for liquidity.


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Stocks Mostly Up Before Powell Speech, Japan-Korea Trade War Grows

Stock markets were mostly in the green in Asia Pacific trade with investors clearly hopeful that the world’s central bankers will have goodies for them at Jackson Hole


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AUD/USD Technical Analysis: Deeper Drop Seen After Consolidation

The Australian Dollar looks likely to weaken further against its US counterpart after consolidating recent losses in a narrow range near the 2019 low.


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Dow and Dollar May Suppress Jackson Hole, G-7 Volatility for Monday Jump

The Jackson Hole Symposium is already proving a market-worthy event for is heavy fundamental implications, but speculative commitment is still elusive. Will we find that right of way before the weekend or will it all converge on a Monday gap?


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US Dollar Eyes Jackson Hole as Indonesia Joins Rate Cut Spree

The US Dollar may rise if Jerome Powell appears less dovish at the Fed’s policy symposium at Jackson Hole after Indonesia added to the surprise rate-cut spree from central banks.


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EURGBP Drop to Accelerate as Euro Sinks Through Key Support?

EURGBP is testing critical support after the Euro rapidly declined against the British Pound. Will technical confirmation preceded a reversal of the prior uptrend?


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GBPUSD Rate Forecast: RSI Offers Bullish Signal for British Pound

Recent developments in the Relative Strength Index (RSI) foreshadowing a larger correction in GBPUSD as the oscillator snaps the bearish trend from earlier this year.


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GBP Gains. Yen Rallies as US Manufacturing Shrinks Most Since 2009

The British Pound rose on the latest Brexit news, but it still has a way to go before clearing resistance. Meanwhile, Wall Street wobbles as US manufacturing contracts for the first time since 2009.


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Strait of Hormuz: The World’s Most Important Oil Chokepoint

With over a third of global seaborne crude oil and a fifth of oil traded worldwide flowing through the Strait of Hormuz, this narrow nautical channel may be the world’s most important chokepoint.


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USD/JPY: US Dollar Price Action Fixated on Jackson Hole & Fed

US Dollar price action and FOMC member commentary is front and center with the kickoff of the Federal Reserve of Kansas City's annual Jackson Hole Economic Symposium today.


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What is Forex Risk Management? Learn the Basics

Effective risk management is essential to maintaining control in forex trading. Here's how to protect your account from ruin.


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