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US Dollar Price Outlook in EUR/USD, AUD/USD

Posted: 24 Jun 2019 07:00 AM PDT

Last week was big for the US Dollar, but with only a week left until the Q3 open – can sellers continue to push? Both EURUSD and AUDUSD are set up.

Weekly Technical Forecast: Where to After a SPX Record, Gold 6-Year High, Dollar Breakdown?

Posted: 24 Jun 2019 06:00 AM PDT

There were a range of remarkable technical developments this past week across the financial spectrum. A jump in risk-leaning assets pushed the S&P 500 back into record territory but gold defied popular convention by mounting its own rally to its own six-year highs. Then there is the Dollar which posted its heaviest weak in 16 months its medium-term trading range hit a record low.

Weekly Trading Forecast: Watch Dow and EURUSD as G20 Approaches Amid Risk Resurgence

Posted: 24 Jun 2019 06:00 AM PDT

Risk appetite was charged this past week by the Fed’s alignment with other major central banks signaling a fresh wave of external support for stretched speculators. Alone, stimulus may not carry the torch though; so traders should keep in mind growth issues and trade wars as the G20 summit approaches.

USD Suffers as Key Support Breaks, EURUSD, AUDUSD Benefit - US Market Open

Posted: 24 Jun 2019 05:35 AM PDT

EURUSD challenging 1.14 to the upside as the USD hovers below the 200DMA, while AUDUSD benefits from a continued short squeeze.

Central Banks Are Mostly Dovish But Norges Bank Signals Further Rate Hikes

Posted: 24 Jun 2019 04:30 AM PDT

Most Central Banks decide to leave rates unchanged in expectation that a trade deal may be reached at the G-20 summit in Osaka later on this week. RBA and Norges Bank take action.

S&P 500, DAX Technical Forecast

Posted: 24 Jun 2019 03:30 AM PDT

S&P 500 printed fresh record highs with the index rising over 7% in June, as such, scope increases for a near-term pull, while upside in the DAX has been capped by the 2019 high.

Gold Price Outlook: Long-term Bullish, but Rally May Stall in the Short-term

Posted: 24 Jun 2019 03:00 AM PDT

Last week's explosion out of a multi-year wedge bodes well for higher prices, but some backing-and-filling may be in store in the near-term.

EUR/JPY Price Outlook: How EURO May Rally against Japanese Yen

Posted: 24 Jun 2019 02:47 AM PDT

EUR/JPY might be on course to correct higher. Here are the levels the price needs to clear in order to move to the higher trading zone.

Crude Oil Analysis: Risks Tilted to Upside, Iran Plans to Break Nuclear Deal Limit

Posted: 24 Jun 2019 01:30 AM PDT

Crude oil prices have continued to extend on its gains amid the rising geopolitical tensions between the US and Iran.

EURUSD Shrugs Off IFO Figures as It Continues to Push Higher

Posted: 24 Jun 2019 01:30 AM PDT

EURUSD continued to push higher this morning as the pair headed towards the 1.1388 handle despite IFO figures about future expectations being lower than anticipated.

Weekly Euro Forecast: Last Week of June Awaits Euro Inflation Data

Posted: 24 Jun 2019 01:00 AM PDT

Euro gains have been largely built upon crumbling US Dollar; elsewhere, speculation that the ECB will introduce new stimulus soon has weighed on the Euro. The upcoming June Eurozone inflation report is due to show that price pressures have arrested their recent decline.

Technical Indicators Defined and Explained for Forex Traders

Posted: 24 Jun 2019 12:11 AM PDT

Learn about the key technical indicators and how they can take your analysis to the next level.

Dwindling German IFO Business Climate Survey to Rattle EURUSD Rally

Posted: 23 Jun 2019 11:30 PM PDT

Updates to Germany’s IFO Business Climate survey may rattle the recent rally in EURUSD as the index is expected to narrow for the third consecutive month in June.

Euro Nervously Eyes G20 Summit Outcome, Italy Budget Dispute

Posted: 23 Jun 2019 11:30 PM PDT

With a relatively light economic docket in the US and Europe, the Euro may find itself focusing on lingering fundamental risks and themes including the G20 summit and a budget dispute with Italy.

Asian Markets Trade Mixed, Narrow With Eyes On Iran, G20, RBNZ

Posted: 23 Jun 2019 10:00 PM PDT

Regional bourses lacked an overarching theme as a new week got under way, but there were at least three big issues for investors to focus on.

Gold Prices May Struggle to Extend Gains Before G20 Summit

Posted: 23 Jun 2019 10:00 PM PDT

Gold prices may struggle to extend last week’s dramatic Fed-inspired rally as markets eye a G20 summit where it is hoped that US-China trade talks will resume.

USDSGD Eyes G20 Trade Talks, Rupee at Risk as Pompeo Visits India

Posted: 23 Jun 2019 08:30 PM PDT

USDSGD may rise as the Dollar gains during the G20 summit in Osaka, Japan as markets eye US-China trade talks. The Rupee is at risk to a US tariff push as Mike Pompeo visits India.

NOK and SEK Eye Trump and Xi Meeting at G20, Rising Brexit Risks

Posted: 23 Jun 2019 07:00 PM PDT

The Swedish Krona and Norwegian Krone will be closely watching the G20 summit and updates on the status of US-China trade relations against a backdrop of growing uncertainty over Brexit.

NZDUSD Rate Rebound Vulnerable to Dovish RBNZ Forward Guidance

Posted: 23 Jun 2019 05:30 PM PDT

NZDUSD stands at risk of staging a larger rebound ahead of the RBNZ interest rate decision on June 26 as the exchange rate carves a series of higher highs and lows.

AUDUSD Gains, RBA Lowe Again Ponders Monetary Easing’s Limits

Posted: 23 Jun 2019 05:22 PM PDT

The Australian Dollar got a lift after the RBA Governor pointed to some of the difficulties apparent in a world where everyone is lowering interest rates

2012-High Treasury Demand Sunk S&P 500, EURUSD Broke Resistance

Posted: 23 Jun 2019 04:00 PM PDT

The S&P 500 was denied another record high as demand for 10-year US government bonds soared to a 2012-high at auction, fueling risk aversion. EURUSD rocketed through resistance on PMI data.

Weekly Technical Forecast: Where to After a SPX Record, Gold 6-Year High, Dollar Breakdown?

Posted: 23 Jun 2019 09:00 AM PDT

There were a range of remarkable technical developments this past week across the financial spectrum. A jump in risk-leaning assets pushed the S&P 500 back into record territory but gold defied popular convention by mounting its own rally to its own six-year highs. Then there is the Dollar which posted its heaviest weak in 16 months its medium-term trading range hit a record low.

Weekly Trading Forecast: Watch Dow and EURUSD as G20 Approaches Amid Risk Resurgence

Posted: 23 Jun 2019 09:00 AM PDT

Risk appetite was charged this past week by the Fed’s alignment with other major central banks signaling a fresh wave of external support for stretched speculators. Alone, stimulus may not carry the torch though; so traders should keep in mind growth issues and trade wars as the G20 summit approaches.
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