Friday, 30 August 2019

Canadian Dollar Price Outlook: Can GDP Beat Stave off BOC?

The Canadian Dollar climbed noticeably following better-than-expected Q2 GDP data, but can price action cling on to gains with the upcoming Bank of Canada interest rate review?


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Bitcoin Weekly Forecast: BTC/USD Price May Break Below Monthly Support

This week, Bitcoin has ended its trendless move. How BTC/USD could move, and what levels need to stay in focus?


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Gold Price Targets: XAU Breakout Stalls- Bulls at Risk into September

The gold price breakout has stalled at critical resistance after rallying nearly 23% off the yearly lows. Here are the levels that matter on the XAU/USD weekly chart.


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Leading Indicators Defined and Explained

Leading indicators assist traders to forecast prices in financial markets. Discover the top leading indicators and how they benefit traders


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How to Trade with the Piercing Line Pattern

Learn how to trade the piercing line pattern, which is used by many traders to trade potential bullish reversals.


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USD/CAD Drops on Canadian Growth Surge, EUR/USD Heads Lower - US Market Open

Canadian Dollar gains on surge in Q2 growth, while EUR/USD heads towards 1.1000, eyes on ECB risk.


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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY

As August comes to an end a number of interesting themes remain around FX price action. FOMC and ECB rate decisions bring particular interest for September.


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US-China Trade War: The Economies Most at Risk From US Tariffs

The markets are alarmed regularly by the twists and turns in the US trade war with China, with its crucial implications for the world’s two largest economies. Yet many other countries would also suffer from US import tariffs. Here are some of those that would be affected most.


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Canadian Dollar Outlook: Trendless Price Action - Where is USD/CAD Next Test?

On Tuesday USD/CAD pointed higher after testing its lowest level in two weeks. Here is how US Dollar may perform vs Canadian in the few coming days


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NZD/USD Technical Analysis: Multi-Year Downtrend Getting Started?

The New Zealand Dollar looks all but certain to break support guiding its uptrend for nearly two decades, setting the stage for a structural turn in sellers’ favor.


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Most Volatile Currencies Next Week - GBP/USD, AUD/USD

Brexit induced volatility to grow as UK MPs return to parliament, while external factors are likely to have a greater impact on the Australian Dollar.


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Thursday, 29 August 2019

Euro May Fall Vs US Dollar on Critical US, Eurozone Data

EUR/USD may fall if Eurozone jobs and CPI data fuels ECB rate cut bets. Global markets will be carefully watching for US consumption, income and PCE inflation figures.


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Crude Oil Prices Rise as China Assures Markets, Trend Points Down

Crude oil prices rose as China assured markets it won’t lash out at foreign firms amid the trade war with the US, but the path of least resistance still points downward.


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Stocks Up As China Strikes More Conciliatory Trade Tone, Dollar Firm

Trade headlines continue to override all else as equity-market drivers at present. The foreign exchange market remains more immune to upbeat news on this front.


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Will the S&P 500 Attempted a Break or EURUSD Multi-Year Lows Before Weekend?

There are some provocative technical charts – like the S&P 500 range and Dollar proximity to highs – facing off against productive fundamental themes. Yet, the appeal that this circumstances draw is complicated by liquidity.


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EUR/USD Technical Analysis: Euro Sellers Take Aim at 2019 Bottom

The Euro is poised to challenge its 2019 low against the US Dollar. If it manages to break this and finish August below 1.0980, September may prove to be dire.


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EURGBP Struggles to Remain Above Critical Support: Break Ahead?

EURGBP is attempting to stay above a three-month rising support channel after briefly breaking below it and other key price levels. Brexit risks may disrupt technical set up.


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Yen Strength Amid Market Tumult to Keep BOJ Target Out of Reach

The Yen’s traditional haven role has seen it boosted by trade war and recession fears. However, with domestic inflation decelerating again, it’s gains put the Bank of Japan is in a very tricky spot.


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AUD/USD: Australian Dollar Still Sluggish as Trade War Simmers

Why might the Australian Dollar still be struggling to recover from its recent selloff induced by the US-China trade war even as tensions unwind?


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VIX Slump Signals Risk Appetite, but Australian Dollar Outlook Remains Bleak

The equity market’s “fear gauge” has slumped considerably over the last two sessions and the US-China trade war outlook has improved. So why has the Australian Dollar lagged?


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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...