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USD and S&P500 Jump Higher on Upbeat ISM Services Index Report

Posted: 05 Mar 2019 07:32 AM PST

The US Dollar is continuing its advance while stocks look to claw back losses from yesterday after February's ISM Services Index report came in much higher than expected.

EURUSD Sellers Slow Ahead of Key Support; Oil, USDCAD in Focus

Posted: 05 Mar 2019 06:30 AM PST

EURUSD has fallen below a rising wedge pattern, but sellers have pulled up short of testing the longer-term support zone that runs from 1.1215-1.1300.

GBP Rejects 1.32, USDCAD Eyes Range-break, EUR looks to ECB - US Market Open

Posted: 05 Mar 2019 06:10 AM PST

The Pound is the notable underperformer this morning, EUR dismisses encouraging data, CAD hits 5-week lows.

Market Sentiment Remains Positive | Webinar

Posted: 05 Mar 2019 04:30 AM PST

Financial market traders are still confident as weak economic growth from China to the Eurozone is pushing central banks to increase their measures to stimulate activity.

Technical Outlook for USD, USDCAD, AUDUSD, AUDJPY, Gold Price & More

Posted: 05 Mar 2019 04:05 AM PST

The US Dollar Index has room to trade higher short-term, USDCAD too, while AUDUSD and gold remain vulnerable to more selling.

Gold & Silver Price Charts – Precious Metals Likely to Remain Heavy

Posted: 05 Mar 2019 04:00 AM PST

Selling in gold and silver has been significant the past few days, likely to keep pressure on the metals with rallies seen as uphill battles.

EURUSD Price Analysis: Breaking Lower Ahead of ECB

Posted: 05 Mar 2019 03:00 AM PST

EURUSD has dropped below the support line of a rising channel on the charts ahead of this week’s ECB monetary policy meeting, suggesting further losses ahead.

USDJPY Price Probing a New 2019 High

Posted: 05 Mar 2019 02:52 AM PST

USDJPY continues to edge towards highs late seen in late-December 2018 but one technical indicator is flashing a warning signal.

Sterling Nudges Higher After PMIs, Brexit Continues to Dampen UK Growth

Posted: 05 Mar 2019 02:00 AM PST

The latest UK Markit services PMI beat lowly expectations, but fears remain about the near-term economic outlook as Brexit nears.

AUDUSD Outlook: Focus on Q4 GDP & RBA Governor Lowe Speech

Posted: 05 Mar 2019 01:00 AM PST

Risks are tilted to the downside for Q4 GDP, which may spark fresh dovish RBA signals. Markets currently pricing in year-end rate cut.

EUR/USD Eyeing Italy GDP, Eurozone PMI Data - Gloomy ECB Outlook

Posted: 04 Mar 2019 11:30 PM PST

EUR/USD may be vulnerable to Italian GDP data and Eurozone PMI as regional growth sputters. Traders are now eyeing the upcoming ECB rate decision and commentary that will follow.

Gold Prices May Keep Falling as ISM Data Boosts the US Dollar

Posted: 04 Mar 2019 11:30 PM PST

Gold prices may fall for a fifth day as service-sector ISM survey data boosts the US Dollar, undermining the appeal of anti-fiat alternatives.

Asia Stocks Under Pressure, Will US ISM Services PMI Sink S&P 500?

Posted: 04 Mar 2019 10:00 PM PST

Asia followed declines on Wall Street despite upbeat progress on US-China trade talks. Sentiment may sour further if US ISM Services PMI data disappoints, sending the S&P 500 lower.

S&P 500 Shaken to Start the Week, A Run of Rate Decisions Begins

Posted: 04 Mar 2019 08:30 PM PST

The new trading week did not start off on a strong footing as the US indices came under serious pressure and the range of risk assets followed suit. Will traditional event risk take the reins or sheer sentiment?

USD/SEK, USD/NOK Climbing Toward Key Resistance Barriers

Posted: 04 Mar 2019 08:30 PM PST

The Swedish Krona and Norwegian Krone appear to be edging higher toward key resistance levels. If the price barriers are broken, it might re-reinforce bullish confidence and give a boost.

Australian Dollar Ticks Up As RBA Holds Rates, Lowe Speech Up Next

Posted: 04 Mar 2019 07:34 PM PST

The Australian Dollar rose initially after the Official Cash Rate was left on hold at 1.50%, as had been very widely expected. RBA Governor Philip Lowe will probably add detail when he speaks on Wednesday.

Dovish RBA Rhetoric to Keep AUD/USD Rate Under Pressure

Posted: 04 Mar 2019 07:00 PM PST

The Reserve Bank of Australia (RBA) meeting may keep AUD/USD under pressure if the central bank alters the forward-guidance for monetary policy.

AUD/USD May Recover Losses on Soft China Caixin Services PMI Data

Posted: 04 Mar 2019 06:00 PM PST

The Australian Dollar fell after softer-than-expected China Caixin Service PMI data underpinned slowing growth concerns. AUD/USD could recover on a less-dovish RBA.

ASX 200 Technical Analysis: Long Uptrend Could Be Losing Steam

Posted: 04 Mar 2019 05:30 PM PST

The ASX 200 lies just short of a key resistance zone whose top comes in at 2018’s ten-year highs. Momentum seems to be fading a bit however.

Euro, Dollar and Aussie: The Most Difficult FX Majors this Week

Posted: 04 Mar 2019 04:43 PM PST

Volatility and scheduled event risk are a natural draw for traders, regardless of market, analytical approach or time frame. Yet, with volatility comes risk. That’s what defines this week’s most risky FX trades.

Gold Prices, EUR/USD and S&P 500 Decline. AUD/USD May Rise on RBA

Posted: 04 Mar 2019 04:00 PM PST

The US Dollar rose, capitalizing on Euro weakness and weighing against gold prices before the S&P 500 tumbled. AUD/USD may rise as the RBA disappoints dovish policy bets.

GBP and AUD Overnight Implied Volatility Skyrocket

Posted: 04 Mar 2019 03:11 PM PST

Overnight implied volatility on major forex pairs jump as currency market traders get the jitters ahead of key event risk and economic data releases.

U.S and China Trade Truce Market Consequences

Posted: 04 Mar 2019 01:42 PM PST

President Trump and President Xi’s potential truce may continue to throw off the world’s economy and investor’s confidence.

Dow Jones Looks to Service Sector After Technical Resistance Halts Rally

Posted: 04 Mar 2019 01:35 PM PST

As two thirds of the United States economy, the services sector is a critical bellwether for GDP and corporate profits, Tuesday’s data likely will influence the Dow’s next move.

Using FX To Effectively Trade Global Market Themes at IG

Posted: 04 Mar 2019 12:30 PM PST

Investors and traders are often looking for tactical ways to play market developments. The combination of an increasingly global market and a new provider in the US is welcome news.
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