The headlines were finally clear of trade war updates, but that didn’t mean fundamentals were fully off the menu. Yield curve inversion continues to build recession fear, but market conditions are tempering response – just in time to hold an SPX range.
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Tuesday, 27 August 2019
Euro May Extend Gains vs NOK and Aim to Re-Test 11-Year High
The Euro may rise vs the Norwegian Krone this week and push EURNOK to retest the 11-year high at 10.0972, a level not reached since the 2008 financial crash.
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Nikkei 225 Price Action at Month-End May be Crucial to Set Trend
The Nikkei 225 has been stuck in a wide band since the heavy falls of late July and early August. Retracement levels of this year’s rise seem to be defining the range now.
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Gold Price Forecast Remains Bullish as RSI Approaches Overbought Zone
The price of gold may continue to exhibit a bullish behavior as the Relative Strength Index (RSI) approaches overbought territory.
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Crude Oil Prices Foil Breakdown - USD/CAD Bearish Reversal Begins
Global growth concerns are easing now that the US-China trade war appears to be shifting gears. Commodity-sensitive currencies like the Canadian Dollar are rebounding.
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Lagging Indicators Defined and Explained
Lagging indicators are a great way to analyse financial markets. Read this article for more information!
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EUR/JPY, USD/JPY Price: How May Perform After Rallying Back to the Zone?
Yesterday, EUR/JPY and USD/JPY tested fresh new lows. Since then the price rallied with the sellers likely taking profits. Here is how both pairs may perform in the next few days.
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GBP/USD: Traders continue to remain net-long since May
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
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EUR/USD: Retail data shows that 67% of traders are net-long
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian
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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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GBP/USD Outperforms, Silver Prices Soar - US Market Open
The Pound has been among the best performers with GBP/USD approaching the 1.2300 handle. Silver outperforms gold as prices test $18.
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USDCAD Trading Bias Turns Bearish
USDCAD is running lower out of a wedge formation, breaking a multi-week-long bullish structure; more selling looks to be ahead.
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US Dollar Price Outlook: USD/CAD, EUR/USD, GBP/USD, AUD/USD
The US Dollar remains messy on a near-term state, but a recent turn in USD/CAD may open the door for bearish scenarios.
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Market Sentiment Poor But Chinks of Light Remain | Webinar
Measures of trader confidence suggest a “risk off” mood in the markets but there’s been no rush yet from riskier assets into safe havens.
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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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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....