GOLD & CRUDE OIL TALKING POINTS: Crude oil prices pinned to support guiding 2019 upswing Gold prices idling but overall chart setup remains bearish EZ and US data, BOE forecast update may sour sentiment Crude oil prices diverged from macro-level influences yesterday, seemingly focusing on supply/demand dynamics instead. A drop early in the day seemed … Read more
NORDIC FX, NOK, SEK WEEKLY OUTLOOK USD/SEK may have short-term retreat after massive surge USD/NOK re-testing upper bound of rising support channel Long term outlook for USD/NOK, USD/SEK remains bullish See our free guide to learn how to use economic news in your trading strategy! USD/SEK TECHNICAL ANALYSIS After stubbornly trading between the 9.2273-9.3310 range … Read more
Asia Pacific Market Open Talking Points Neutral Fed undermines dovish bets as S&P 500 sinks, US Dollar gains NZD/USD downtrend may be resuming in well-defined falling channel Asia Pacific markets bracing for potential risk aversion, Yen may rise Trade all the major global economic data live as it populates in the economic calendar and follow … Read more
First Quarter Earnings and FX: Apple has cited increased competition in China, contributing to waning iPhone sales Elsewhere, Google has warned a stronger US Dollar will weigh on revenue See how IG Clients are positioned on the S&P 500 with Retail Sentiment Data What Have First Quarter Earnings Revealed About FX Markets? With earnings season … Read more
Talking Points: – Gold prices reversed lower out of the symmetrical triangle again, suggesting that downside price action may unfold in the near-term. – The US Dollar bullish hammer reversal post-Fed meeting points to potential upside heading into the US jobs report this Friday. – Retail traders remain net-long Gold but have started to pare … Read more
S&P 500 Talking Points: With the S&P 500 teetering at record highs, any indication that the Fed may return to its hawkish leanings of old would shatter the case for equity bullishness The Fed has always stressed data dependence but with strong GDP and weak inflation data, FOMC officials will have to decide which carries … Read more
The British Pound has rallied more than 1.5% against the US Dollar since last week’s low after reversing of long-term trend support. These are the updated targets and invalidation levels that matter on the GBP/USD charts heading into this week’s FOMC / BoE interest rate decisions. Review this week’s Strategy Webinar for an in-depth breakdown … Read more
US Dollar Talking Points: – The US Dollar has continued to drop following last week’s bullish breakout, further giving back prior gains ahead of today’s FOMC rate decision. The Dollar broke-out last week despite a recent backdrop of falling rate expectations in the United States, with markets now showing an approximate 65.5% chance of at … Read more
Cryptocurrency data provider CoinMarketCap is working with major exchanges on an initiative aimed to make price data more transparent. The effort sees the firms forming a new alliance, dubbed the Data Accountability & Transparency Alliance (DATA), that will discuss ways to tackle concerns over cryptocurrency data reporting in its current state, CoinMarketCap announced Wednesday. Led … Read more
Central bank monetary policy: running out of ideas? Fears of a global recession continue to mount, focusing attention on whether central banks would be able to prevent a future world economic and market meltdown. It has long been argued that “central banks are running out of ammunition” but is that true? And how can traders … Read more