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US Dollar Range Breakout Would Suggest Major Topping Potential

Posted: 04 Jun 2019 07:55 AM PDT

Rates markets have now begun to price-in three rate cuts over the next year, a major reason why the US Dollar has been dragged lower in recent days.

Canadian Dollar Price - USD/CAD May Resume Bearish Price Action

Posted: 04 Jun 2019 06:00 AM PDT

USD/CAD is sliding lower due to recent USD weakness. Here is the possible bearish scenario with the key technical levels to watch.

ZAR Plummets on Shocking Q1 GDP, Mexican Peso Rises, RBA Cuts Rates - US Market Open

Posted: 04 Jun 2019 06:00 AM PDT

The South African Rand under significant pressure this morning after Q1 GDP showed the largest contraction since 2009.

Euro Outlook: EUR/USD Price Snaps Back to Resistance Ahead of ECB

Posted: 04 Jun 2019 06:00 AM PDT

EURUSD has pushed up to a fresh six-week-high this morning as USD-weakness continues to get priced-in. Will this Thursday's ECB rate decision bring upon change?

Pound Forecast: Trading GBP When a New Tory Leader Takes on Labour

Posted: 04 Jun 2019 04:45 AM PDT

Sterling markets are on edge as the UK’s ruling Conservative Party prepares to pick a new leader, who will become Prime Minister automatically. But would he or she beat the Opposition’s Jeremy Corbyn?

Risk Aversion Still Dominating Markets | Webinar

Posted: 04 Jun 2019 04:25 AM PDT

Market sentiment remains poor, with safe havens still in demand. Riskier assets look to be picking up but that could be due simply to some profit-taking after their recent losses.

Dollar Chart Buckles; EURUSD, GBPUSD, and Gold Rate Outlook

Posted: 04 Jun 2019 04:00 AM PDT

The Dollar took a sudden hit and now has trend support in focus; Euro leading the charge, Cable trying to lift off long-term support, while gold trades back towards major levels.

Crude Oil Price Analysis: Brent Crude Eyes Critical Test of $60 Support

Posted: 04 Jun 2019 03:30 AM PDT

The oil market continues to remain soft as the bearish bias towards risk assets in light of rising concerns of a global slowdown weighs on the energy market.

Mixed Eurozone Data Keeps EURUSD Subdued, Focus on Fed Chair Powell’s Speech

Posted: 04 Jun 2019 03:00 AM PDT

The EURUSD was pushing higher at the end of Monday’s session but reversed some of the gains in anticipation of Eurozone inflation and unemployment figures released this morning. A mixed reading kept the pair subdued around the 1.1246 handle.

Bitcoin (BTC) Price Slumps, Longer-Term Bullish Momentum Likely

Posted: 04 Jun 2019 02:15 AM PDT

The latest sharp sell-off in Bitcoin is unlikely to break the longer-term ongoing bullish momentum and prices may push higher after a period of consolidation.

DAX 30 & CAC 40 Technical View: Short-term Positive, Broadly Negative

Posted: 04 Jun 2019 01:00 AM PDT

Both the German and French benchmarks are trading around an important long-term moving average; only a bounce is anticipated at this time though.

Gold Price Forecast - Will Fed’s Powell Fuel Another Gold Surge?

Posted: 04 Jun 2019 01:00 AM PDT

Gold continues its recent rally, but momentum is slowing as resistance levels near. Will commentary from Fed Chair Jerome Powell reignite the recent surge higher.

Gold Price Breakout Triggers Overbought RSI Reading

Posted: 03 Jun 2019 11:30 PM PDT

Gold prices may continue to gain ground over the coming days as the Relative Strength Index (RSI) flirts with overbought territory.

EURUSD Testing Critical 18-Month Resistance - Will it Hold?

Posted: 03 Jun 2019 11:30 PM PDT

EURUSD will likely be in pain as Eurozone CPI data is published, though dovish undertones from Fed Chairman Jerome Powell may help mitigate or even reverse some of EURUSD’s losses.

NOK, SEK Forecast: Volatility Eyed on ECB, EU News, US Jobs Data

Posted: 03 Jun 2019 10:00 PM PDT

The Swedish Krona and Norwegian Krone will likely experience higher-than-usual volatility ahead of the ECB rate decision and critical European and US data.

AUDUSD Spikes As RBA Cuts Rates But Offers Measured Statement

Posted: 03 Jun 2019 09:00 PM PDT

The Australian Dollar rose initially as domestic interest rates sank to new record lows, probably because its central bank's statement was less dovish than the market.

Crude Oil Prices May Fall as Fed’s Powell Cools Rate Cut Bets

Posted: 03 Jun 2019 08:30 PM PDT

Crude oil prices may fall further after hitting a four-month low as Fed Chair Powell talks down imminent rate cut speculation, souring investors’ mood market-wide.

RBA Preview: Rate Cutting Cycle to Curb AUDUSD Rate Rebound

Posted: 03 Jun 2019 08:00 PM PDT

The RBA meeting may shake up the near-term outlook for AUDUSD as the central bank is expected to cut the official cash rate (OCR) to a fresh record-low of 1.25%.

The Dollar and Nasdaq Tumble Should Seriously Concern Traders

Posted: 03 Jun 2019 06:41 PM PDT

Risk aversion has clearly carried over from last week, but more than that, the systemic complications plaguing the Dollar and the financial system in general seem to be causing more overt fissures in the markets.

ASX 200 Resilience To Trade War Fears Falters, Key Support Looms

Posted: 03 Jun 2019 06:39 PM PDT

The ASX 200 had been quite immune to diminished global risk appetite but it’s now crumbling with other global stock market benchmarks

AUDUSD Chart Analysis: Aussie Rebound at Resistance, RBA Eyed

Posted: 03 Jun 2019 05:30 PM PDT

An Australian Dollar rebound against its US counterpart as run into key chart resistance ahead of the RBA monetary policy announcement. What now?

EURUSD At Resistance, S&P 500 View Dim on Google Antitrust Probe

Posted: 03 Jun 2019 04:00 PM PDT

The US Dollar dived, leaving EUR/USD under resistance. July Fed rate cut bets soared, but Alphabet Inc. sunk with tech share woes as the S&P 500 fell. Will AUD fall on an RBA rate cut?

Yuan Recovers vs USD Following China Trade War White Paper

Posted: 03 Jun 2019 02:42 PM PDT

Risk assets could climb with the Chinese Yuan if USDCNH performance provides any indication of future US China Trade War progress.

Volatility: The SKEW Index and Stock Market Crashes

Posted: 03 Jun 2019 01:25 PM PDT

The SKEW Index seeks to measure the probability of Black Swan events and stock market crashes, but its track record in doing so is less than stellar.

US Dollar Seeking a Top; Silver Price Outlook Shifts Higher

Posted: 03 Jun 2019 01:17 PM PDT

The US Dollar up trend is mature and appears to be nearing a large pivot towards weaker pricing. This is helping silver prices in its search for a meaningful bottom.
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