Tuesday, 7 January 2020

Silver Price Forecast: Can XAG/USD Avoid a Pullback?

Alongside gold, silver has rallied throughout December, enjoying its most recent boost from a drastic escalation in US and Iranian confrontations in the Middle East, but can it avoid a pullback?

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Crypto Price Forecast: BTCUSD, ETHUSD, LTCUSD Levels to Watch

After rounding out 2019 on shaky footing, some of the market’s most popular cryptocurrencies could continue to fall as they make repeated tests of technical support beneath.

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Correction Conundrum in the US Dollar: EUR/USD, USD/CAD, AUD/USD

The year ended with a bang in the US Dollar but the first week of 2020 has seen the build of a range. That may not last for long given current dynamics.

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Australian Dollar Price Outlook: Aussie Sell-off in Search of Support

The Australian Dollar is already down more than 1% since the start of the week – is there support in site? Here are the levels that matter on the AUD/USD weekly chart.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts: Watch Out Below

US stocks are narrowly beneath all-time highs, which makes identifying topside barriers difficult, while a potential shift in the Fed’s policy could make support all the more important.

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Crude Oil Price Outlook: Moment of Truth for WTI Rally at Resistance

Oil prices have rallied more than 27% off the September lows with crude now testing major weekly resistance. Here are the levels that matter on the WTI weekly chart.

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USD/CAD Rises on Upbeat Services PMI

USDCAD gained ground after a better than expected read on the services side of the US Economy, taming focus on geopolitical concerns

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AUD/USD Slammed, EUR/USD Eyes US ISM Report - US Market Open

AUD remains on the backfoot with soft labour market indicators posing downside risks to monthly jobs data. Euro eyes US ISM, while GBP/USD eases.

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Gold Price Forecast: XAUUSD Breaks Out to Six-Year-Highs, What Next?

Gold prices have jumped higher to start 2020 trade, but can bulls keep up the pace with overbought conditions already starting to show?

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AUD/USD, USD/JPY, Dollar & More: Charts at a Glance

AUD is sinking hard, JPY trying to mount a rally, while gold presses up against major long-term resistance.

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USD/MXN – US Dollar Breakdown vs Mexican Peso, Watch 2019 Low

USD/MXN macro-triangle triggered on the downside to end last year, breaking last year's low needed to give conviction to sellers.

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EUR/USD Price Unmoved on Euro-Zone Inflation Data Release

EUR/USD remains stuck in a tight range in early turnover despite a pick-up in Euro-Zone CPI and a healthy upside beat in retail sales.

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Canadian Dollar Price Outlook: USD/CAD Sell-Off Eyes Fresh Low

The sharp multi-week USD/CAD sell-off continues and continues to press down on support. The technical set-up remains weak and lower prices may lie ahead.

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Brexit Briefing: EUR/GBP Losing Early 2020 Gains as UK Lawmakers Return

The EUR/GBP price will be driven this month by the progress of the Brexit Bill in the UK Parliament, which returns to work Tuesday after the holiday break.

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EUR/USD May Fall on Key CPI and Retail Sales Data

The Euro may fall if retail sales and CPI data show softer-than-expected prints, potentially causing EUR/USD to trim some of its recent gains.

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Gold Prices Down, RIsk Appetie Revived by Lack of US-Iran Escalation

Gold prices headed lower with investors apparently tempted back into riskier assets while the precise nature and scope of Iran’s retaliation for US airstrikes remains unknown.

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Monday, 6 January 2020

Bullish Oil Price Outlook Supported by Golden Cross Formation

Recent developments surrounding the price of oil instills a bullish outlook as a ‘golden cross’ formation take shape.

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NOK, SEK at Risk From Iran Threats, Brent Boosted by Geopolitics

The Swedish Krona and Norwegian Krone are vulnerable to the sentiment-sapping peril of growing tensions in Iran, but crude oil prices appear to say otherwise.

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Philippine Peso Up as Crude Oil Prices Fuel CPI, USD/PHP May Fall

The Philippine Peso gained as crude oil prices helped fuel local inflation that tilted the BSP’s CPI outlook to the upside. The USD/PHP rate turned lower, eyeing immediate support.

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USD/CAD Susceptible to Further Losses Ahead of Canada Jobs Report

USD/CAD may continue to exhibit a bearish behavior ahead of Canada’s Employment report as the Relative Strength Index (RSI) sits in oversold territory.

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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...