Wednesday, 27 November 2019

Gold Price May Attempt to Break Out Amid Failure to Test Monthly Low

The price of gold may attempt to break out of the range bound price action from earlier this week as the precious metal holds above the monthly low ($1446).

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USD/JPY, AUD/USD, NZD/USD Brace. Trump Signs HK Bill in Thin Trade

The USD/JPY, AUD/USD and NZD/USD dropped after Donald Trump signed the HK Bill, fueling trade war woes. Volatility may be amplified by the US Thanksgiving holiday and low liquidity.

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GBP/USD: British Pound Spikes as YouGov Poll Predicts Tory Majority

The British Pound surged above the 1.2920 mark to print fresh intraday highs after the latest UK election poll predicted Boris Johnson's Conservative Party will hold a commanding 68-seat majority.

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S&P 500 Trading to Pick Up Following Thanksgiving Week

A shortened holiday trading week will likely give rise to increased volume and range next week as traders mull Black Friday data

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Bitcoin Price Chart Turns Bullish, What Does This Mean for BTC/USD?

Bitcoin has fallen further since last week, but a bullish pattern on the 4-hour price chart could suggest the cryptocurrency is due for a resurgence in the near term.

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Canadian Dollar Outlook: USD/CAD Bulls at Risk – Loonie Trade Levels

The Canadian Dollar is firmer on the week but keeps USD/CAD within the monthly uptrend for now. Here are the levels that matter the Loonie technical charts.

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EUR/USD Re-Tests Confluent Support as USD Grinds at Resistance

Both the US Dollar and EUR/USD are testing big areas on the chart, and mean reversion would be a typical approach going into a holiday. But this isn't typical.

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Euro Slides in Thin Trading Session on EU-US Trade War Headlines

EUR/USD briefly fell below 1.1000 amid reports that the US would proceed with tariffs on the EU.

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GBP/USD Volatility Spikes Ahead of Key UK Election Poll - US Market Open

Market participants await election poll that predicted the 2017 outcome. GBP/USD overnight implied volatility spikes.

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US Dollar Climbs on GDP, Durable Goods & Jobs Data; Spending Ahead

USD price action spiked toward intraday highs as US Dollar outlook improves following rosy data reports that underscored the robustness of the US economy and a less-dovish Fed.

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Dow Jones, Crude Oil & Gold Technical Outlook

In today's session, we covered a few different markets; stocks are strong, oil is choppy and indecisive, while gold could break a little lower.

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Crude Oil Price Outlook Improves as US-China Trade Deal Edges Closer

The outlook for crude oil prices is positive but a strong advance is unlikely until the US and China conclude a trade agreement.

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EUR/USD Price Probing Support Ahead of US Data Releases

EUR/USD remains just above 1.1000 in thin trading conditions with support at 1.0981 likely to be tested if US data releases this afternoon confirm the strength of the US economy.

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Brexit Briefing: SNP to Argue a Deal is Nowhere Near Being Done

The Scottish National Party will claim today that the UK Conservative government has barely got going on Brexit and has not even started trade talks.

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DAX and FTSE 100 Technical Forecast: Risk of Reversal

DAX upside appears exhausted as the RSI heads lower, while the FTSE 100 faces its first significant test.

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US Dollar Eyes PCE, GDP Data as S&P 500 Shows Signs of Topping

The US Dollar along with equity markets will be closely watching the release of key data and how it may impact the Fed outlook right as the S&P 500 registers another all-time high.

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Tuesday, 26 November 2019

Gold Prices Fall as US-China Trade Hopes Hold Up, US Data Eyed

Gold prices struggled through the Asian session as risk appetite held up. Investors saw some chance of an interim trade deal between Washington and Beijing.

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AUD/USD Exposed to Dovish Guidance as RBA Identifies Roadmap for QE

AUD/USD tracks the range-bound price action from earlier this week, but the Australian Dollar may face a more bearish fate as the RBA endorses a dovish forward guidance.

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Japanese Yen May Fall as Euro Gains, Will GBP/JPY Follow EUR/JPY?

The Japanese Yen is facing selling pressure on US-China trade deal expectations. Sentiment hints that EUR/JPY has room to climb, but can this momentum extend into GBP/JPY?

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Australian Dollar Slips as China Industrial Profits Tank Again

The Australian Dollar is like all other markets focused on US-China trade headlines. However terrible weakness in Chinese industrial profits set it back.

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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...