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Euro Price Chart: A Low in EUR/USD? Technical Trade Outlook

Posted: 05 Sep 2019 08:30 AM PDT

Euro reversed off downtrend support at fresh yearly lows- a fake out or the start of something bigger? Here are the levels that matter on the EUR/USD weekly chart.

August ISM Non-Manufacturing Prints at 56.4, Beating Expectations

Posted: 05 Sep 2019 07:43 AM PDT

This morning brought the release of ISM Non-Manufacturing data to the tune of 56.4 v/s an expectation of 54.00.

Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch

Posted: 05 Sep 2019 07:00 AM PDT

All currencies are not the same; emerging market FX trades differently than developed market FX.

Turkish Lira Price: USD/TRY May Reverse Direction as Support Stands

Posted: 05 Sep 2019 06:29 AM PDT

Last Week USD/TRY printed its highest level in over two months however, the story this week looks entirely different. Here are the levels sellers may need to break below to keep leading the price.

GBP/USD Rallies as Bears Take Cover, USD/JPY Tests Key Resistance- US Market Open

Posted: 05 Sep 2019 06:10 AM PDT

Sterling bears are drastically taking cover as the continued short squeeze propels GBP/USD through the 1.2300 handle. JPY on the defensive amid the boost in risk appetite.

US Dollar Reversal Continues: EUR/USD, GBP/USD, USD/CAD

Posted: 05 Sep 2019 05:34 AM PDT

The US Dollar came into the holiday-shortened week with a full head of steam. But that's been soundly reversed. Tomorrow brings NFP and Canadian employment.

Gold Price and Silver Outlook: Too High to Buy, Too Strong to Short

Posted: 05 Sep 2019 04:00 AM PDT

Gold is faltering at long-term resistance levels, while silver has continued to explode to new heights; a pullback is seen as likely and healthy.

Bitcoin (BTC) Price Battles Recent Highs as Technical Indicators Clash

Posted: 05 Sep 2019 03:27 AM PDT

Bitcoin's recent $1300 rebound has ground to a halt as buyers and sellers battle to gain the upper hand. The daily chart is not giving either a great deal of help.

GBP/USD, GBP/JPY Technical Forecast: British Pound Price - Upside Break Out

Posted: 05 Sep 2019 02:56 AM PDT

This week Cable saw its lowest levels in nearly three years however, buyers may have another say on this. Here are the key tech levels GBP/USD and GBP/JPY traders may need to pay a close attention at.

Canadian Dollar Technical Analysis Overview: USD/CAD, GBP/CAD, EUR/CAD

Posted: 05 Sep 2019 02:30 AM PDT

USD/CAD sees largest fall since January eyes on BoC Deputy Governor, GBP/CAD remains volatile on Brexit, while EUR/CAD makes fresh 2 year low.

Crude Oil Price Surge: Next Move Depends on US-China Trade Talks

Posted: 05 Sep 2019 01:00 AM PDT

The recent spike higher in crude oil has taken it back to levels last seen around one month ago. For bullish momentum to be maintained, there needs to be tangible progress in the next round of US-China trade talks.

USDCAD Forecast: RSI Snaps Bullish Formation Following BoC Meeting

Posted: 04 Sep 2019 11:30 PM PDT

Recent developments in the Relative Strength Index (RSI) foreshadow a further decline in USDCAD as the indicator snaps the bullish formation carried over from July.

EURUSD May Rise if US Factory Order Data Boosts Fed Rate Cut Bets

Posted: 04 Sep 2019 11:30 PM PDT

EURUSD may rise if US factory orders data undershoots expectations and amplifies growing Fed rate cut bets against the backdrop of ethereal market optimism.

Stocks Gain On US-China Trade Hope,HK Extradition Law Withdrawal

Posted: 04 Sep 2019 10:01 PM PDT

There was plenty of cheer around Thursday, for a change. Equity in China and Japan led the way higher as it seems the US and China will at least keep talking.

Crude Oil Prices May Struggle to Sustain Gains on Inventory Data

Posted: 04 Sep 2019 09:30 PM PDT

Crude oil prices may struggle to sustain gains even as overall market sentiment brightens if EIA inventory data reveals stockpiles grew last week, souring demand bets.

SEK May Fall on Riksbank Rate Decision, Eurozone GDP Data

Posted: 04 Sep 2019 08:30 PM PDT

The Swedish Krona may suffer if the Riksbank cancels plans for a rate hike this year and provides gloomy commentary on the economic outlook. NOK and SEK are also eyeing Eurozone GDP data.

Dollar Tumbles, Pound Rallies and S&P 500 Ready for a Break

Posted: 04 Sep 2019 08:08 PM PDT

Liquidity was starting to grab some traction for market movement this past session. The Dollar took a dive as its fundamental mix was called to question, Brexit scenarios lifted the Pound and S&P 500 seems primed for a break…but follow through?

Japanese Yen Bulls Have Yet To Nail Down August USD/JPY Gains

Posted: 04 Sep 2019 07:00 PM PDT

The Japanese Yen pushed through an important near-term barrier at the end of last month, but hasn't progressed very far since.

Gold Prices Climb to Fresh 2019 High as China Plans for RRR Cuts

Posted: 04 Sep 2019 05:30 PM PDT

Gold prices may continue to benefit from the current environment as China appears to be in no rush to strike a trade deal with the Trump administration.

The Singapore Dollar and MAS: What is SGD and How to Trade it?

Posted: 04 Sep 2019 04:00 PM PDT

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.

US Dollar Price Volatility Outlook: Data & Fed Cuts in Focus

Posted: 04 Sep 2019 03:30 PM PDT

US Dollar currency volatility eyes the barrage of high-impact economic data releases slated for Thursday and how it might sway Fed rate cut expectations.

Nasdaq 100 Technical Forecast for the Week Ahead

Posted: 04 Sep 2019 02:00 PM PDT

The Nasdaq has etched out a series of higher lows but remains trapped beneath resistance around 7,750. Now the tech-heavy Index trades within an ascending triangle which could see it break lower.

GBP/USD Price Outlook: Sterling Surges on Latest Brexit Vote

Posted: 04 Sep 2019 12:43 PM PDT

GBPUSD continues to extend its retracement higher with the British Pound pushing higher as UK Parliament moves closer toward preventing no-deal Brexit.

EUR/USD, EUR/JPY Reversals Gather Pace - Are the Downtrends Finished?

Posted: 04 Sep 2019 12:15 PM PDT

The Euro hasn't gotten a lot of attention recently as traders have been distracted by Brexit and the US-China trade war. That could soon change.

Australian Dollar Price Chart: Aussie Defends August Low- Technicals

Posted: 04 Sep 2019 11:36 AM PDT

Aussie is up more than 0.9% this week after rebounding ahead of the August lows- what's next? Here are the levels that matter on the AUD/USD weekly chart.
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