JPY Bulls Approaching Extreme Levels, EUR/USD Shorts Slashed - COT Report

Weekly changes in G10 FX positioning sees US Dollar longs scale back as JPY longs soar towards extreme levels. EUR/USD shorts slashed, while GBP/USD remains largest bearish bet, risking short squeeze.


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Gold Price Technical Outlook: More Gains on the Cards

The gold price has filled a gap on the daily chart and is now heading higher again, suggesting a continuation of the present uptrend.


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Canadian Dollar Price: USD/CAD Looking for a test of Multi-Weeks Low

Last week USD/CAD closed in the green however, the pair has been giving signs of direction’s reversal. Here are the levels USDCAD traders may need to follow closely.


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Sterling Forecast: Volatility Likely to Soar on Brexit No-Confidence Vote

The British Pound (GBP) is expected to become more volatile, with larger price-swings, as a potential Brexit no-confidence vote nears.


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Gold Price Rally Stoked by Trade War Fears, Silver Price Eyes Fresh Highs

The price of gold is likely to make another multi-year high in the short-term and $1,600/oz+ is possible on a perfect set-up of rising risk and lower rates.


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Gold Prices May Probe Higher But Chart Setup Warns of Topping

Gold prices may probe higher as market sentiment sours anew – driving down yields and boosting the metal’s relative appeal – but technical cues warn a top is taking shape.


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GBPUSD Rate Rebound Stalls as BoE Governor Strikes Cautious Tone

The recent rebound in GBPUSD appears to be stalling as Bank of England (BoE) Governor Mark Carney strikes a cautious tone.


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EURUSD May Fall US Consumer Confidence, German GDP Data

The Euro may fall vs the US Dollar if local consumer confidence data falls short of forecasts against the backdrop of the publication of German GDP reports.


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Stocks Rise With Trade Hopes, Japan ’Urgently" Monitors Yen

Stocks were up broadly but to varying degrees as traders took a lack of bad news on US-China trade as good news.


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USDSEK, USDNOK Uptrend to Accelerate as US Dollar Strengthens?

USDSEK and USDNOK are both rising above their previous multi-month uptrends after temporarily deviating. Their ascension may accelerate this week if demand for the US Dollar surges.


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S&P 500’s Questionable Save from Breakdown, USDCNH and Yield Curve Key Again

The Jackson Hole Symposium and G-7 summit’s passed without offering any genuine reason for optimism, yet liquidity may buy speculative bulls more time before the S&P 500 tests its mettle and systemic risks are put to the test.


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Key ASX Prop Survives Test, May Yield If Bears Force Another

The ASX 200 has found support once again at an obvious Fibonacci retracement level but probably needs to make a ‘higher high’ to defend it this week


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AUDUSD Clings to Monthly Range as China Pushes for ’Calm’ Negotiation

AUDUSD may stage a larger rebound over the coming days as China Vice Premier Liu He looks to negotiate with the US “in a calm manner.”


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Nikkei 225 Technical Forecast After the G-7 Summit

The Nikkei 225 could enjoy a boost if President Trump and Prime Minister Abe are able to reach the trade deal both leaders alluded to during the G-7 Summit over the weekend.


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Bitcoin Price Correlations with Emerging Markets FX: USD/CNH, USD/ZAR in Control

USDZAR has the most significant 5-day correlation with bitcoin prices among EM FX, but USDCNH remains the most highly correlated over the past six months.


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USD/JPY: Trade War to Sink Consumer Confidence & US Dollar

The US Dollar remains in focus as currency traders shift attention to Tuesday's US Consumer Confidence report release in the midst of elevated US-China trade war uncertainty.


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Silver Price Targets: XAG Surges to Fresh Yearly Highs– Trade Levels

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


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USD/CAD Price Chart: Could the Canadian Dollar Reverse Trend?

USDCAD has printed a steady ascent since its recent bottom in mid-July, but the prevailing uptrend is showing signs of coming under pressure as spot prices succumb to technical resistance.


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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch

All currencies are not the same; emerging market FX trades differently than developed market FX.


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US Dollar Rates Proving Volatile After G7, Latest US-China Trade War News

The latest turns in the US-China trade war have provoked a sharp recovery by the US Dollar as US President Donald Trump has indicated he is having “second thoughts.”


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