Wednesday, 8 January 2020

Crude Oil Prices Retrace Gains as Markets Await US Response to Iran

Crude oil prices soared initially on Wednesday on news that Iran had attacked US bases in Iraq. However it has retreated since as the markets wait to see what Donald Trump’s next move will be.

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Tuesday, 7 January 2020

AUD/USD Analysis: 2020 Opening Range Filled with Lower Highs and Lows

The opening range for 2020 raises the scope for a further decline in AUD/USD as the exchange rate extends the series of lower highs and lows from the start of the month.

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Australian Dollar Analysis: AUD/USD, AUD/JPY May Fall on Long Bets

The Australian Dollar has been battered by kneejerk volatility on US-Iran geopolitical risks. AUD/USD and AUD/JPY may extend their losses on positioning and technical signals.

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Japanese Yen Spikes as US-Iran Tensions Boil, Nikkei Diverges

The Japanese Yen has seen demand surge as investors flee more pro-growth assets. But the same impulse has taken a toll on its local Nikkei 225 stock index.

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EUR/USD Outlook Mired by Opening Range Amid Failed Test of August High

The 2020 opening range for EUR/USD raises the scope for a further decline in the exchange rate amid the failed attempt to test the August high (1.1250).

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Crude Oil and Gold Prices Surge as Iran Retaliates. Eyes on Trump

Crude oil and gold prices soared as Iran retaliated after the US took out top general Qassem Soleimani last week. All eyes are now on Washington DC, with S&P 500 futures down and the Yen is up.

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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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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...