GBP Prices Tumble on Brexit News, AUD Faces Business Confidence

The British Pound tumbled on the latest Brexit news, Wall Street rallied with tech shares. Asia Pacific stocks may pause losses as Australian Dollar is at risk to business confidence.


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AUD/USD Rate Outlook Mired by Series of Lower Highs

AUD/USD may continue to give back the advance from the 2018-low (0.7021) as the exchange rate extends the series of lower highs from the beginning of the month.


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GBP/USD: Pound Plummets Through Key Support as May Calls Off Vote

It's been a rough start to the week for GBP bulls, and GBP/USD pushed down to fresh 18-month lows this morning, taking out a big support level in the process.


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Bitcoin Prices May Increase Despite Traders Remaining Net-Long

Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.


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An Increase in Net-Long Suggests Prices May Continue To Drop

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.


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USD/JPY 44.6% of traders are net-long indicating a mixed trading bias

The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.


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EUR/USD Weekly Price Outlook: ECB on Deck - Euro Levels to Know

Euro continues to trade just above key weekly support ahead of the ECB interest rate decision. Here are the levels that matter on the EUR/USD weekly chart.


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S&P 500 Breaks Important Support, US Dollar and ETH Consolidate

SP 500 broke the October low which opens the door for a much deeper correction. DXY and Ether consolidate and consider reversals.


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FX Week Ahead: November US CPI & Retail Sales, ECB Rate Decision

The second week of December promises a lighter economic calendar, although larger thematic influences (US-China trade war, Brexit, Fed hike cycle) remain in play.


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Oil Risks Range-Bound Prices Following OPEC Cut as Russia Eyes $55-65

Oil appears to have found a floor following the OPEC meeting, with Russia endorsing a price range of $55-65/bbl, but recent price action warns of range-bound conditions.


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Weekly Trade Levels for DXY, EUR/USD, USD/CAD, Gold & More

Webinar highlighting setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter this week.


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US Dollar Bounces from Support; EUR/USD Attempts to Break Congestion

The US Dollar is bouncing from a key area of Fibonacci support following last week's sell-off, and EUR/USD is attempting to break its recent range of congestion.


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GBPUSD Slumps as Brexit ’No-Vote’ Rumor Gathers Pace

UK PM May is said to have called off Tuesday’s Brexit agreement vote, sending Sterling into a tailspin and down to an 18-month low.


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Sterling (GBP) Directionless - Will Meaningful Brexit Vote Take Place?

PM May’s Brexit agreement is expected to be voted on in the House of Commons Tuesday, but with the PM staring at a heavy defeat, will the vote happen?


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EURUSD Rally May Have Further to Go Before ECB Meeting

EURUSD has pushed back above 1.1400 and looks to re-test the 1.1500 area in the short-term as the USD drops below trend. Economic data and the ECB meeting and press conference (Thursday) will be key.


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EURGBP: Trade Completed

EURGBP is currently trending a touch lower but support nears and may provide a springboard higher, as two of the markets weaker currencies continue to do battle.


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US Dollar Down on Fed Bets, Euro Up on Italy Hopes and ECB View

The US Dollar fell as Fed rate hike bets fizzled. The Euro rose amid hopes for a deal on Italy’s budget and given the ECB’s limited scope to ease.


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Asian Stocks Weaker As China Trade Data Underwhelm, Fed Eyed

Seasonal cheer was in short supply as a new trading weak got under way in Asia. China trade numbers and US employment data have underlined the need for a quick end to trade tensions.


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Crude Oil Prices Yawn at OPEC+ Output Cut, May Fall with Stocks

Crude oil prices seemed unimpressed by an OPEC+ deal to output next year. Deteriorating market-wide sentiment may now apply selling pressure.


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Will China Add Fuel to Risk Aversion? PHP May Face Rate Hikes Next

US yield curve inversion resulted in mixed ASEAN FX as USD fell and global stocks tumbled. Chinese economic activity could slow further, more rate hikes may be in store for PHP ahead.


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