Australian Dollar is attempting to snap a six-week losing streak after rebounding off support at multi-year lows. Here are the levels that matter on the AUD/USD charts.
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Tuesday, 11 February 2020
Bitcoin Price Forecast: BTC/USD Charges Past $10,000, Can it Continue?
Bitcoin charged past the psychologically significant $10,000 mark on Tuesday as bulls continue to push the largest cryptocurrency by market cap higher. Where will the coin head next?
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar bulls have come rushing back so far in 2020 trade, and a series of USD drivers remain the calendar for the rest of this week.
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Nasdaq 100, S&P 500 Forecasts: Record Levels Remain in Focus
The Nasdaq 100 and S&P 500 waded into new territory on Tuesday which will see prior resistance turn to support and potentially provide assistance if bearish price action emerges.
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US Dollar Runs into Resistance Ahead of Powell: GBP/USD, USD/JPY
The US Dollar has been a runaway freight train so far in February. Chair Powell trots up to Capitol Hill today, will he feed the beast even more fuel?
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EUR/USD, EUR/JPY, AUD/USD Technical Outlook & More
The Euro is quickly approaching a big test, while Aussie sits with little interest yet at a big support level; FX charts and levels.
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Market Sentiment Positive as Virus Fears Recede | Webinar
Trader confidence is improving on hopes that the coronavirus outbreak may be close to its peak. However, the dominant theme in the markets is becoming the persistent strength of the US Dollar.
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Gold Price Outlook: XAU/USD Continues to Struggle with Conflicting Forces
Gold remains stuck in a short-term trading range as coronavirus fears battle with a strong US dollar to take control of price action.
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UK Economy Stagnates in Q4 as Manufacturing Production Continues to Struggle
The UK economy did not grow in the 4th quarter of 2019, but monthly growth seems to be heading in the right direction.
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British Pound (GBP) Latest: Still Trending Lower as Brexit Worries Shoppers
GBP/USD has stabilized this week but is still in a downward channel, with Brexit seemingly leading to weak UK retail sales.
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GBP/USD Outlook Ahead of Powell Testimony, UK GDP Data
GBP/USD may fall if Fed Chairman Jerome Powell cools rate cut bets during his congressional testimony after the publication of what could be weaker-than-expected UK GDP data.
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Monday, 10 February 2020
Gold Edges Lower as Coronavirus Worries Take Back Seat To Stock Gains
Gold prices were a little lower on Tuesday as some US economic optimism filtered through to Asia. However the coronavirus spread still casts a long shadow over markets.
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USD/CAD Rate Susceptible to Textbook RSI Sell Signal
USD/CAD may face a larger pullback over the coming days the Relative Strength Index appears to be on the cusp of flashing a textbook sell signal.
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AUD/USD Traders to Look Past Fed Testimony as Coronavirus Spreads
Developments surrounding the Asia/Pacific region may influence AUD/USD as China, Australia’s largest trading partner, struggles to contain the coronavirus.
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NZD/USD Technical Bias Bearish, Dow Jones Brushes off Coronavirus
The New Zealand Dollar fell ahead of tomorrow’s RBNZ rate decision, maintaining the near-term NZD/USD bearish technical bias. The S&P 500 and Dow Jones brushed off coronavirus woes.
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British Pound Forecast: UK GDP in Focus – GBP/USD, EUR/GBP, GBP/JPY
UK GDP for 4Q-2019 is slated to cross the wires during Tuesday’s trading session and boosts the potential for volatility in the British Pound – charts and levels to watch for GBP/USD, EUR/GBP, GBP/...
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New Zealand Dollar Price Outlook: NZD/USD and AUD/NZD Levels Ahead of RBNZ
The New Zealand Dollar has continued its slide versus the US and Australian Dollars which has left various technical levels vulnerable and further NZD weakness possible.
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Dow Jones, Nasdaq 100, S&P 500, Gold Price Outlook: Eyes on Fed Repos
The Dow Jones, Nasdaq 100, S&P 500 and gold prices rallied in 2019 on US-China trade deal bets and a swelling of the Fed’s balance sheet. What is the road ahead for 2020 from here?
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Canadian Dollar Price Outlook: USD/CAD Breakout Testing Resistance
Canadian Dollar is off more than 2.7% since the start of the year with price now testing technical resistance. Here are the levels that matter on the USD/CAD charts.
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USD/MXN: Mexican Peso Pressing Resistance Ahead of Banxico Decision
The Mexican Peso trades near 16-month highs against the US Dollar, but spot USD/MXN price action could be at risk of reversing higher ahead of an expected Banxico interest rate cut due this week.
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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....