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Gold Forecast Turning Bullish as Price Returns Back into Triangle

Posted: 26 Apr 2019 08:06 AM PDT

A return into a consolidation can underpin a “false breakout,” which, if so, may mean that Gold prices may have more room to run higher.

US Dollar Price Outlook: USD Holding at Fresh Highs, Bend or Break?

Posted: 26 Apr 2019 06:30 AM PDT

The US Dollar broke above the triangle formation this week, but next week's economic calendar is loaded with risk items, including FOMC: Time to make or break.

USD Whipsaws Despite Q1 GDP Smashing Expectations - US Market Open

Posted: 26 Apr 2019 06:15 AM PDT

US Q1 GDP smashed expectations at 3.2% vs. Exp. 2.3%. However, details within the report offset excitement, pushing the USD lower.

Dollar, Euro, Pound and Gold Price Charts to Watch Next Week

Posted: 26 Apr 2019 04:30 AM PDT

Will USD make good on its breakout? Watch how the Euro and Sterling play their part in this, along with gold's reaction as it tries to maintain trend-line support.

S&P 500, Dow, Nasdaq 100 Charts: Strong but Vulnerable

Posted: 26 Apr 2019 04:15 AM PDT

The market is maintaining a firm bid for the most part, but caution is still warranted with prices extended at or near record highs; Dow could be first sign of market ready to slip.

Upbeat U.S. GDP Report to Keep EURUSD Rate Under Pressure

Posted: 26 Apr 2019 04:00 AM PDT

Updates to the U.S. GDP report may keep EUR/USD under pressure as the growth rate is expected to increase 2.3% after expanding 2.2% during the last three-months of 2018.

GBPUSD Price Forecast - US Q1 GDP Will Drive Short-Term Volatility

Posted: 26 Apr 2019 03:15 AM PDT

GBPUSD traders are looking for any clues from today’s US Q1 GDP release to plan short-term price set-ups. Cable continues to sit on support, however further US dollar strength could see this quickly disappear.

Gold Price Outlook: Recovery from 2019 Low Faces Critical Test

Posted: 26 Apr 2019 02:30 AM PDT

Despite the topside breakout in the USD index, gold prices have managed to stage a slight recovery from its 2019 lows and is set for its first weekly gain in a month.

Crude Oil Prices Spike Lower as WTI Crude Breaks Below $65

Posted: 26 Apr 2019 02:20 AM PDT

WTI and Brent crude futures spikes lower with WTI breaking below the $65 to lows of $64.30, while Brent crude futures are down over 1.3%.

Bitcoin (BTC) Price Slumps on Bitfinex-Tether Fraud Allegations

Posted: 26 Apr 2019 01:00 AM PDT

Bitcoin (BTC) dropped sharply late Thursday as NY AG opened an investigation into potentially fraudulent activity involving the operators of Bitfinex and Tether.

Euro Technical Analysis Overview: EURUSD, EURJPY, EURGBP

Posted: 26 Apr 2019 12:01 AM PDT

Euro outlook increasingly bearish following downside breakout, EURJPY eyes key fibo support, while the EURGBP range remains intact

Swedish Krona Hungover After Riksbank Signaled Delayed Rate Hike

Posted: 25 Apr 2019 11:30 PM PDT

The Swedish Krona was battered by an unexpectedly dovish Riksbank with policymakers announcing a delayed rate hike and a continuation of its bond-purchasing program.

Dollar May Rise if Soft US GDP Data Spooks the Markets

Posted: 25 Apr 2019 11:30 PM PDT

The US Dollar may rise if soft first-quarter GDP data stokes global slowdown fears, spooking financial markets and driving haven demand for benchmark currency.

Asian Stocks Wilt, Nintendo Weighs On Nikkei, US GDP Looms

Posted: 25 Apr 2019 09:52 PM PDT

A weak Wall Street finish made life tough for Asian stock bulls, but feeble local data and earnings figures added to the gloom

Crude Oil Prices May Fall if US GDP Data Disappoints

Posted: 25 Apr 2019 09:00 PM PDT

Crude oil prices may fall if first-quarter US GDP data falls short of expectations, stoking global slowdown worries and cooling market-wide risk appetite.

Can Amazon Leverage More Nasdaq and Risk Rally, Will GDP Run the Dollar?

Posted: 25 Apr 2019 07:37 PM PDT

Strong after-hours US earnings didn’t earn risk trends a swell Thursday, so should we expect anything different from Amazon’s figures through the Nasdaq or general speculative measures Friday? What about the US GDP update?

EUR/GBP Rate May Reverse on Bearish Technical, Sentiment Signals

Posted: 25 Apr 2019 07:30 PM PDT

EUR/GBP may reverse lower based on technical and sentiment signals, facing a well-defined support range. In the medium-term, the Euro may consolidate against the British Pound.

EUR/USD Technical Analysis: Euro Drops to 2-Year Low. Now What?

Posted: 25 Apr 2019 06:00 PM PDT

The Euro has dropped to the lowest level in nearly two years against the US Dollar, but chart positioning warns sellers of a challenging road ahead, at last in the near term.

NZD/USD Downtrend Pauses, 3M Job Cuts Sink Dow Jones, JPY May Gain

Posted: 25 Apr 2019 04:30 PM PDT

The NZD/USD downtrend paused on resistance as dismal US initial jobless claims hurt the US Dollar. 3M job cuts sunk the Dow Jones, S&P 500 futures hint the Japanese Yen may gain.

3 Scenarios to Consider for the S&P 500 Ahead of US GDP

Posted: 25 Apr 2019 01:30 PM PDT

The initial print of first quarter GDP from the world’s largest economy will cross the wires Friday as equity bulls hope for a strong figure, the implications for the Fed’s policy path may dictate conviction.

Will US GDP Stoke Currency Volatility Across USD Forex Pairs Tomorrow?

Posted: 25 Apr 2019 01:05 PM PDT

The highly anticipated first quarter US GDP report is due for release during Friday's session. What might tomorrow's numbers mean for the US Dollar and currency volatility?

US Dollar Price Action Setups After 2019 Highs: Gold Price, EUR/USD

Posted: 25 Apr 2019 12:03 PM PDT

It was like a delayed reaction as Gold prices broke down to fresh 2019 lows and then, a day later, the USD broke out to fresh yearly highs.

Bitcoin Price’s Turn Higher May Be Rooted in Lira and Peso Weakness

Posted: 25 Apr 2019 11:50 AM PDT

Emerging market currencies are back under pressure as credit risk has soared. Like for much of 2019, EM FX woes are welcomed news for cryptocurrencies.

EURUSD Rate Remains Under Pressure Following Dovish ECB Bulletin

Posted: 25 Apr 2019 11:02 AM PDT

EUR/USD remains under pressure as the European Central Bank (ECB) warns that the ‘the risks surrounding the euro area growth outlook remain tilted to the downside.’

Sterling Price Outlook: GBP/USD Bears Grind into Trend Support

Posted: 25 Apr 2019 10:30 AM PDT

Sterling is down more than 3.8% form the yearly highs with price now testing key technical support. Here are the targets & invalidation levels that matter on the GBP/USD charts.
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