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Gold Price Bullish Breakout Fails, Looks to Trend Support as US Treasury Yields Rise

Posted: 10 Sep 2019 07:45 AM PDT

Gold prices have broken key moving averages that have served as support for over three months, setting up a challenge of the overall uptrend since the end of May.

AUD/USD, NZD/USD Price Technical Forecast: Facing Key Resistances

Posted: 10 Sep 2019 07:00 AM PDT

Last week both AUD/USD and NZD/USD closed with significant gains due to US dollar weakness. Here are the key levels for both pairs that traders need to monitor

Bitcoin Price Correlations with Emerging Markets FX: USD/CNH, USD/ZAR Lead the Way

Posted: 10 Sep 2019 07:00 AM PDT

The Chinese Yuan (via USDCNH) has the highest 5-day and 6-month correlations with bitcoin prices among emerging market FX at 0.95 and 0.73, respectively.

GBP/USD Volatility Drops Sharply, USD/JPY Rises on BoJ Sources - US Market Open

Posted: 10 Sep 2019 06:30 AM PDT

The Pound has edged up 0.2% and continues to hover around its best level in over a month as imminent Brexit risks have been diminished. USD/JPY lifted on BoJ easing sources.

US Dollar Price Outlook: EUR/USD, USD/CHF, USD/CAD, GBP/USD

Posted: 10 Sep 2019 05:33 AM PDT

The US Dollar is holding at a key zone of resistance ahead of the ECB on Thursday and the FOMC next Wednesday.

Market Sentiment Improves | Webinar

Posted: 10 Sep 2019 05:10 AM PDT

Appetite is perking up for riskier assets as trader confidence improves, prompting a move away from safe havens.

Dollar Charts: USDJPY, EURUSD, USDCAD Technical Analysis & More

Posted: 10 Sep 2019 04:38 AM PDT

USDJPY is running into resistance, EURUSD in between levels, while the USDCAD long-term chart holds potential that could kick in soon.

EURGBP Price Outlook Tracks ECB Monetary Policy and Brexit News

Posted: 10 Sep 2019 04:00 AM PDT

Two weak currencies that are currently looking ahead to potentially defining moments that will provide a clear signal for both. How will they compare against each other?

CAD Price & Crude Oil Charts: USD/CAD May Reverse Higher as Support Holds

Posted: 10 Sep 2019 02:34 AM PDT

Yesterday, USD/CAD printed its lowest level nearly in six weeks. In turn Brent oil price rallied today to its highest level since early August 9. Here is how both markets could perform in the few coming days

Gold Price and Silver Outlook: Will First Levels of Support Hold?

Posted: 10 Sep 2019 02:30 AM PDT

Gold and silver have come off a good amount in recent sessions, which has the first levels of support in focus; bounce anticipated, but will it last?

Sterling (GBP) Price Bolstered by Strong Jobs and Earnings Data

Posted: 10 Sep 2019 01:59 AM PDT

A strong UK jobs and wages release underpinned the British Pound but as has been the case for the last three years, Brexit news and rumor will decide the next move for the pair.

Crude Oil Price Analysis: Oil Boosted by New Saudi Energy Minister, Eyes on OPEC report

Posted: 10 Sep 2019 01:10 AM PDT

Crude oil prices extended its recent winning streak with Brent crude futures trading at roughly 6-week highs. New Saudi Energy Ministers signals that OPEC+ alliance will be in place for the long term.

Retail Shorts Jump 30% as GBPUSD Claws Back from 2019 Low

Posted: 09 Sep 2019 11:30 PM PDT

The recent rebound in GBPUSD appears to be spurring a shift in retail interest as net-short positions jump 30% from the previous week.

GBP Shrugs at Brexit Drama, Euro Looks to ECB. SEK Braces for CPI

Posted: 09 Sep 2019 11:30 PM PDT

GBP remained relatively indifferent to news that Prime Minister Boris Johnson's motion for an election was once again defeated. Euro trading may be thin as traders wait for the ECB rate decision.

Gold Prices May Bounce as Markets Eye ECB Meeting, US CPI Data

Posted: 09 Sep 2019 10:00 PM PDT

Gold prices may bounce after sinking to a four-week low as markets turn cautious ahead of the ECB monetary policy announcement and US inflation data.

Stocks Mixed. Weak China PPI Inflation Takes Gloss Off Trade Hopes

Posted: 09 Sep 2019 09:59 PM PDT

A clearly more conciliatory tone for US-China trade relations kept the overall equity backdrop quite positive, but Chinese factory gate prices remain weak.

Crude Oil Prices May Find Support From Escalating Iran Tensions

Posted: 09 Sep 2019 08:30 PM PDT

Crude oil prices may get a boost if Iran-US tensions continue to escalate as Tehran pushes the legal parameters outlined in the 2015 nuclear agreement.

Bitcoin Price Correlations with Emerging Markets FX: USD/CNH, USD/ZAR Lead the Way

Posted: 09 Sep 2019 07:30 PM PDT

The Chinese Yuan (via USDCNH) has the highest 5-day and 6-month correlations with bitcoin prices among emerging market FX at 0.95 and 0.73, respectively.

Dollar Starts Week with Strong Bullish Gap but Limited Hope for Trend Now

Posted: 09 Sep 2019 06:54 PM PDT

We entered the new trading week with a drift higher in the S&P 500 as a baseline for sentiment while the Dollar surged with a gap that held no immediate follow through. Full attention is on flimsy sentiment and an ECB decision.

AUD/USD Hits Session Low. China CPI Tops Forecasts, PPI Wilts

Posted: 09 Sep 2019 06:50 PM PDT

The Australian Dollar saw a modest 'risk off' move in the wake of Chinese inflation numbers which saw consumer inflation stay up while factory gate prices were lower again.

EURUSD Forecast: Monthly Opening Range on Radar Ahead of ECB Meeting

Posted: 09 Sep 2019 05:30 PM PDT

EURUSD holds the monthly opening range ahead of the ECB meeting, but fresh updates from the Governing Council are likely to alter the near-term outlook for the Euro.

How to Trade the Impact of Politics on Global Financial Markets

Posted: 09 Sep 2019 04:00 PM PDT

As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading opportunities.

DXY, SP500, Silver Prices Look Heavy; EURUSD Seeks Bullish Footing

Posted: 09 Sep 2019 03:05 PM PDT

Using Elliott Wave Theory as a guide, the price charts for EUR/USD, Silver prices, and S&P 500 point towards reversals from nearby levels.

Nasdaq 100 Price Outlook: Apple Event, Tech Probe to Sway Index

Posted: 09 Sep 2019 03:00 PM PDT

In pursuit of trend continuation, the Nasdaq 100 will have to weather the headwinds brought about by the ongoing antitrust probe into Google. Meanwhile, Apple is due to release their latest product lineup.

Australian Dollar Forecast: AUDUSD & AUDJPY Eye Trend Resistance

Posted: 09 Sep 2019 01:29 PM PDT

The Australian Dollar has been on a tear higher so far this month as trade war tensions ease, but how long might the rally in AUDUSD and AUDJPY last?
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