Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil DownStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate, but its retail markets are expanding widely. China makes up 19% of the world’s economy, the slowdown this year […]

Giuseppe Conte, Prime Minister of Italy Questions Europe’s Future

Giuseppe Conte, Prime Minister of Italy Questions Europe’s Future

Italian Prime Minister Giuseppe Conte says the Italian people are questioning the validity and credibility of the European project without regarding its historical merits. “Our experience might be an indication of what Europe will look like tomorrow,” he says. “A sense of despair is spreading. Even the middle class is facing poverty. Everyone feels that […]

Euro: USD/EUR (EUR=X) still in trend channel

Euro: USD/EUR (EUR=X) still in trend channel

Euro: USD/EUR (EUR=X) still in trend channel EUR/USD continues to cleave to the rising channel, although we have yet to see a significant bounce. Yesterday saw the index hold the $1.134 area. If this remains the case, the bullish view suggesting a bounce back towards $1.15 remains in place. A close below $1.134 brings horizontal support […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate. Gold: Gold prices stood firm Wednesday on higher demand for safe-haven assets over concerns of slowing global economy and […]

Euro: USD/EUR (EUR=X) back to channel support

Euro: USD/EUR (EUR=X) back to channel support

Euro: USD/EUR (EUR=X) back to channel support EUR/USD’s fall has continued, but it is now nearing the bottom-end of the rising channel. If a bounce from around these levels takes place, a higher low in the uptrend from November lows has been created. This might suggest a move back towards the top-end of the channel, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD FlatCrude Oil DownStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China’s state planner Tuesday warned that the downward pressure on the economy will affect China’s job market as falling factory orders point to a further drop in activity in coming months and […]

Euro: USD/EUR (EUR=X) falls into Fibonacci support

Euro: USD/EUR (EUR=X) falls into Fibonacci support

Euro: USD/EUR (EUR=X) falls into Fibonacci support EUR/USD has dropped into the 76.4% retracement amid a sell-off that has brought us back into a crucial area of support. The wider trend highlights the creation of higher highs and higher lows, thus pointing towards a possible bullish reversal in the near future. With an ascending trendline further […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Higher Stocks Up In Asia Notes: A report Thursday saying that Washington was considering lifting some or all tariffs imposed on Chinese imports buoyed financial markets, including Crude Oil. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Spot gold was set for its 5th straight […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Firm Crude Oil Lower Stocks Mixed In Asia Notes: Spot gold is about to exit a Neutral range of $1,285-$1,299, and either rise to $1,311 or drop towards $1,268. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Gold has gained for 5 weeks running, but prices have been […]

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement EUR/USD fell below the $1.1422 mark, seemingly paving the way for a wider retracement for the pair. The break through $1.15 last week sparked a rise in the likeliness of an upside surge after this pullback. Despite us currently having broken into a lower low, we saw something […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Steady Stocks Steady including Japan In Asia Notes: On the earnings front, US banks: Goldman Sachs (GS) will be in focus Wednesday Expectations are low with profits for US companies forecast to rise 6.4%, down from an 1 October estimate of 10.2% and a big fall from 2018’s tax cut-fueled gainer of more […]

Euro: USD/EUR (EUR=X) back on a downward path

Euro: USD/EUR (EUR=X) back on a downward path

Euro: USD/EUR (EUR=X) back on a downward path Having rallied to $1.155, the price of EUR/USD has weakened again, and so far this morning further downward pressure is developing. The previous two sessions saw the pair find support around $1.145, but if this is lost then the lows from a week ago at $1.143 come into play. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Lower Crude Oil Up Stocks Higher including Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) this week. Monday, Citigroup (C) beat profit estimates. The bank’s shares rose 4.0% and bolstered the S&P financial […]

Euro: USD/EUR (EUR=X) consolidating at Fibonacci support

Euro: USD/EUR (EUR=X) consolidating at Fibonacci support

Euro: USD/EUR (EUR=X) consolidating at Fibonacci support EUR/USD pulled back into the 76.4% retracement last week, with the price continuing to consolidate around that key support level. The ability to remain above that level is going to be crucial in determining where we go from here, for if we break below this $1.1456 support, it would […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Lower sans Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from Citigroup (C) due Monday followed by JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) later in the week. Expectations are low with profits for US companies […]

The US Has the Strongest ‘Buck’ in about 30 Years

The US Has the Strongest ‘Buck’ in about 30 Years

$USD USD is at its strongest mark in 30 years, according to the Economist newspaper’s January 2019 “Big Mac Index.” The newspaper’s “lighthearted guide to exchange rates” measures the purchasing power of currencies against each other. The gauge also compares the prices of McDonald’s hamburger, the Big Mac, in different countries with the actual exchange rate between […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices climbed Friday as USD retreated on expectations the Fed will pause interest rate hikes if the US economy slows this year, while investors awaited news on progress in the US-Chinatrade talks. Spot gold rose 0.6% to $1,293.55 oz as at 0604 GMT, heading […]

Euro: USD/EUR (EUR=X) steady after sharp bounce

Euro: USD/EUR (EUR=X) steady after sharp bounce

Euro: USD/EUR (EUR=X) steady after sharp bounce The sharp rally yesterday has seen the EUR/USD pair move solidly above $1.15. Further gains target the 200-day simple moving average (SMA) at $1.1639, just above the mid-October peak at $1.162. If this current move higher marks the end of the $1.13-$1.15 trading range, then we look to the $1.1852 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices rose Thursday as expectations that the Fed will pause its rate tightening cycle this year. Spot gold was up 0.2% at $1,295.84 oz as of 0556 GMT, hanging near Friday’s at $1,298.42, a mark last seen in mid-June 2018. US gold futures gained […]

Euro: USD/EUR (EUR=X) rising towards resistance zone

Euro: USD/EUR (EUR=X) rising towards resistance zone

Euro: USD/EUR (EUR=X) rising towards resistance zone EUR/USD is pushing upwards once more, as the pair seeks to continue creating higher highs. The wider picture for the pair looks like a gradual bottoming out process, with lower highs in October to December reversing to post higher highs since. This points towards a potential bullish breakout for […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Lower USD Lower Crude Oil Up Stocks Higher In Asia Note: US President Donald Trump wrote on Twitter overnight that “Talks with China are going very well!” Gold: Gold treads lower on improved risk appetite, while Palladium marks record highs Spot gold slipped 0.2% to $1,282.61 oz by 0600 GMT, and US gold futures settled down 0.1% at […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady USD Lower Crude Oil Stable Stocks Dip In Asia Note: Presidents Trump to speak to the Nation Tuesday on Key issues of national security. Gold: Gold held steady Tuesday as bets on a pause in US interest rate hikes and hopes of a US-China trade deal put pressure on USD, but an improved risk appetite capped gains for the […]

Euro: USD/EUR (EUR=X) pushing higher after recent decline

Euro: USD/EUR (EUR=X) pushing higher after recent decline

Euro: USD/EUR (EUR=X) pushing higher after recent decline EUR/USD has been falling back over the turn of the year, with the price dropping below the key $1.1305 level. To some extent, that fall into a new lower low could signal the start of a more bearish phase coming into play. However, with the price having […]

Euro: USD/EUR (EUR=X) Remains In A Prolonged Consolidation Phase

Euro: USD/EUR (EUR=X) Remains In A Prolonged Consolidation Phase

Euro: USD/EUR (EUR=X) Remains In A Prolonged Consolidation Phase Until we see this market fundamentally change, rates are likely to continue trading sideways. The intermediate-term top appears to be the 1.1500 handle, with the Swing Low at 1.1215 set up as support. These will be two important technical areas moving forward. If rates break from […]

Euro Heads to Parity

Euro Heads to Parity

Eurozone inflation slowed to an annual rate of 1.6 percent in December mainly due to lower energy costs, preliminary data from the EU statistics unit Eurostat showed Friday. Falling oil prices helped limit increases in the costs consumers pay for energy of all kinds to an average of 5.5 percent, down from a 9.1 percent […]

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Up Stocks Higher In Asia Note: Asian shares found some comfort Friday as Beijing announced a new round of trade talks with Washington, though recession fear has markets betting the next move in US interest rates might be down. And Chinese Premier Li Keqiang also signaled further policy easing and support for small […]

Euro: USD/EUR (EUR=X) 2019 Targets Parity

Euro: USD/EUR (EUR=X) 2019 Targets Parity

Euro: USD/EUR (EUR=X) 2019 No Upside as Europe Fails Overall, the bias in prices is: Downwards. The projected upper bound is: 1.22. The projected lower bound is: 1.00. The projected closing price is: 1.14. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 […]

In Asia: Gold Up, USD Off, Stocks Up + Commodities

In Asia: Gold Up, USD Off, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Off Crude Oil Choppy Stocks Higher Notes: Selling pressure on US equities is beginning to fade, but the VIX is still around 29 with investor risk sentiment still recovering. The CBOE Volatility Index rose mid-week to 36, its highest mark since early February. It has since pulled back to 29, still above a recent […]

In Asia: Gold Flat, USD Off, Stocks Up + Commodities

In Asia: Gold Flat, USD Off, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Flat USD Off Crude Oil Lower Asian Stocks Higher Notes: There was no single trigger for the overnight relief rally on Wall Street, though a Mastercard Inc report that sales during the US holiday shopping season rose the most in 6 years in Y 2018 helped allay concerns about the health of the US economy There […]

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Soft Crude Oil Mixed Asian Stocks Mixed  Note: US President Trump shut down the government Friday, as Senate did not vote to fund The Wall, Congress reconvenes Wednesday. In Asia Gold: Gold prices hit a 6-month high Wednesday as concerns over global growth prompting investors to seek refuge in the precious Yellow metal. Spot gold climbed […]

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Soft Crude Oil Up Asian Stocks Higher  Note: US President Trump, could shut down the government Friday, as Senate did not vote to fund The Wall at the southern border, Congress reconvenes Wednesday. In Asia Gold: Gold prices rose Monday, holding ground near a 6-month high hit last week, as investors are still concerned about political […]

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Down Crude Oil Up Asian Stocks Off  Note: US President Trump, could shut down the government Friday if the Senate does not vote in the House bill to fund The Wall at the southern border. In Asia Gold: Gold prices steadied on Friday, holding firm near 6-month highs marked in the prior session, as […]

Euro: USD/EUR (EUR=X) rebounds in early trading

Euro: USD/EUR (EUR=X) rebounds in early trading

Euro: USD/EUR (EUR=X) rebounds in early trading Having dropped sharply in the wake of the Fed decision, EUR/USD has promptly recovered all its losses and is making another attempt to clear $1.14 and hold above the 50-day simple moving average (SMA) of $1.1389. Near-term targets to the upside are $1.1470, $1.15 and then $1.1554. The pair has built […]

Euro: USD/EUR (EUR=X) rallies through notable swing high

Euro: USD/EUR (EUR=X) rallies through notable swing high

Euro: USD/EUR (EUR=X) rallies through notable swing high EUR/USD has once again muddied the water, with the rally through $1.1393 providing a new higher high to negate the lower low formed with the break below $1.1305. That provides a potential bullish phase coming into play, which will likely be determined by affairs at the Federal Open […]

Euro: USD/EUR (EUR=X) rallies back into trendline resistance

Euro: USD/EUR (EUR=X) rallies back into trendline resistance

Euro: USD/EUR (EUR=X) rallies back into trendline resistance EUR/USD has started strengthening after last week’s declines, with the price having rallied into trendline resistance. The break below the $1.1305 mark last week provides a bearish signal and allows greater confidence that this rally will fall short of the $1.1393 swing before breaking lower once again. Whether […]

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range

Euro: USD/EUR (EUR=X) trapped within the 1.12-to-1.14 range The daily chart is showing what could be the beginnings of another move lower, but there is just to much current congestion on the chart. The open of the day was very near where the Tenken-Sen and Kijun-sen have been at, and they have not deviated much […]

French Economy in Meltdown, EU will Suffer

French Economy in Meltdown, EU will Suffer

A survey of French businesses on Friday indicated a major dip in activity linked to the month-long “yellow vest” protests ahead of a decisive weekend for the grassroots opposition movement and President Emmanuel Macron. The survey of businesses by the IHS Market research group indicated that output had contracted in December, underlining the economic impact […]

Socialism Puts Europe Back in Crisis

Socialism Puts Europe Back in Crisis

Asian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table. There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing […]

Euro: USD/EUR (EUR=X) challenges trendline resistance

Euro: USD/EUR (EUR=X) challenges trendline resistance

Euro: USD/EUR (EUR=X) challenges trendline resistance Rallies for EUR/USD continue to be capped by trendline resistance from the October highs, with yesterday’s bounce faltering below this level. However, the pair is challenging this level this morning, so this is one to watch. Above $1.14 we may see a rapid break higher towards $1.1554. Meanwhile the sellers will […]

Another Reason Europe Will Struggle in 2019

Another Reason Europe Will Struggle in 2019

Apart from excessive taxation, senseless levels of immigration and an undercurrent of Socialism, Europeans have more reasons to be concerned. A chapter of eurozone history will come to a close Thursday, with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing […]

Euro: USD/EUR (EUR=X) will fall to new lows in 2019

Euro: USD/EUR (EUR=X) will fall to new lows in 2019

Euro: USD/EUR (EUR=X) will fall to new lows in 2019 The Euro-to-Dollar exchange rate will fall to new lows next year, according to the latest forecasts from Barclays, as the European Central Bank (ECB) outlook darkens, political risks linger and the greenback remains top-dog in currency markets. The Dollar will remain dominant next year, Barclays says in its […]

Is Frexit on the Table?

Is Frexit on the Table?

The European Commission on Tuesday said Brussels will keep close watch over France’s new spending plans, a day after President Emmanuel Macron unveiled new measures to quell violent protests. But the Commission, the European Union’s executiuve arm, said it will give itself until the spring to analyse the French budget as concerns increase it may […]

European Union has Failed

European Union has Failed

Policymakers at the European Central Bank will remove a key pillar of their support for the eurozone economy as planned Thursday, even while offering a gloomier outlook for the coming years, analysts expect. But with financial markets in turmoil over risks in Europe and beyond — from Brexit to an Italian budget row and Donald […]

Terrorist Supporter Mogherini Plans on Breaching US Sanctions on Iran

Brussels will create an alternative payment channel to facilitate financial transactions between the European Union and Iran in the near future to bypass US sanctions, the EU’s top diplomat, Federica Mogherini, has announced. “I will expect this instrument to be established in the coming weeks before the end of the year as a way to […]

French President Emmanuel Macron Will Move France Further in to Socialism

French President Emmanuel Macron Will Move France Further in to Socialism

French President Emmanuel Macron will address the nation on Monday night to announce a series of “concrete” measures aimed at ending the protests over taxes and inequality that have rocked the country over the past three weeks. After already abandoning the anti-pollution fuel tax hikes that sparked the protests, what else can he do to […]

Europe Shows it is Anti-Democracy

Europe Shows it is Anti-Democracy

The UK is free to unilaterally revoke a notification to depart from the EU, the European Court has ruled. The judicial body said this could be done without changing the terms of London’s membership in the bloc. The European Court of Justice (ECJ) opined in a document issued on Monday that Britain can reverse Article […]

Socialist EU Has Failed France

Socialist EU Has Failed France

Shops shuttered in the run-up to Christmas, chaos on the roads: France’s “yellow vest” protests are dealing a blow to the economy which the finance minister says is no less than a “catastrophe”. As riots flared in Paris on Saturday, Livio Forte, a tourist from New York, could only watch on as police trucks lined […]

Euro Crisis Continues

Euro Crisis Continues

EU finance ministers struggled to agree reforms to better fight against a financial crisis early Tuesday, with negotiators still at the table after more than 12 hours of talks. “There are a lot of subjects and all of them are difficult,” a European source told AFP on condition of anonymity, adding that a final news […]

Euro: USD/EUR (EUR=X) turning lower from Fibonacci resistance

Euro: USD/EUR (EUR=X) turning lower from Fibonacci resistance

Euro: USD/EUR (EUR=X) turning lower from Fibonacci resistance EUR/USD has managed to rally into the 76.4% retracement this morning, following on from a wider downturn from the 61.8% resistance at $1.1394. With a bearish, engulfing pattern looking likely from this resistance level, coupled with a wider bearish trend over recent months, another bearish period looks likely […]

A New French Revolution Against Socialism

A New French Revolution Against Socialism

A New French Revolution Against Socialism President Emmanuel Macron was elected on a promise to burnish France’s image on the global stage, but as shops and hotels counted the costs Monday of rioting over the weekend, many fear they won’t have much to cheer for Christmas. Violent anti-government protests on Saturday engulfed chic Paris shopping […]

Euro: USD/EUR (EUR=X) Expectations are tempered with volatility low

Euro: USD/EUR (EUR=X) Expectations are tempered with volatility low

Euro: USD/EUR (EUR=X) Expectations are tempered with volatility low CHOPPY EURO PRICE ACTION BUILDING A TRIANGLE The bad news is that price action of late has been choppy and uninspiring, unless of course you favor mean reversion or range trading, in which case this has been your market. The good news for those looking for […]

Euro: USD/EUR (EUR=X) given a boost by falling US dollar

Euro: USD/EUR (EUR=X) given a boost by falling US dollar

Euro: USD/EUR (EUR=X) given a boost by falling US dollar The weakening of the US dollar has prompted a sharp rebound in EUR/USD, and the price is now testing the area above the Monday high of $1.138. Further gains target the $1.147 area that was strong resistance earlier in the month. Some retracement of the sharp […]

US China Trade Talks Move to G20

US China Trade Talks Move to G20

US President Donald Trump jets into Argentina on Thursday for a G20 summit, keen to do battle with China on trade and sharpening his rhetoric against Russia over Ukraine. The weekend summit is confronted with increasingly dire warnings, by the International Monetary Fund among others, of the potential harm faced by the world economy from […]

Euro: USD/EUR (EUR=X) continues to break lower

Euro: USD/EUR (EUR=X) continues to break lower

Euro: USD/EUR (EUR=X) continues to break lower EUR/USD has been ramping up the selling in the wake of the reversal from trendline resistance. This continues the wider trend of lower highs, with a break below the $1.1216 level required to bring about a new lower low. With a long-term descending trendline down below, a break below […]

Euro: USD/EUR (EUR=X) back down as dollar recovers

Euro: USD/EUR (EUR=X) back down as dollar recovers

Euro: USD/EUR (EUR=X) back down as dollar recovers The sellers have reasserted their control over the last few days, with the EUR/USD’s rally towards $1.15 providing a selling opportunity. Below $1.13 the price heads towards to the $1.1215 lows of earlier in the month. In the short term, the price may bounce, but any move back towards […]

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown EUR/USD has been breaking lower since hitting trendline resistance last week. The fall below trendline support led us to further declines, with the short term creation of lower highs and lower lows providing us with the potential of further downside from here. Given this recent period of weakness, there […]

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy The Euro avoided major losses against the US Dollar for most of the week, as investors sold the US Dollar from its highs amid profit-taking and speculation of a more dovish Federal Reserve. Multiple comments from Federal Reserve officials predicting that global growth would slow in […]

Euro: USD/EUR (EUR=X) uptrend intact for now

Euro: USD/EUR (EUR=X) uptrend intact for now

Euro: USD/EUR (EUR=X) uptrend intact for now The price for EUR/USD has recovered from the steep losses seen on Tuesday, leaving the uptrend from the November lows intact. Further gains above $1.1420 would target $1.1460, and then on to $1.1554. A move back below $1.1360 would invalidate the bullish view and give the sellers the upper hand. […]

Euro: USD/EUR (EUR=X) turns lower from trendline resistance

Euro: USD/EUR (EUR=X) turns lower from trendline resistance

Euro: USD/EUR (EUR=X) turns lower from trendline resistance EUR/USD has been selling off from trendline resistance this week, with a particularly deep rally coming close to the bullish breakout threshold of $1.15. However, for now we are caught between two trendlines, with the price rallying back towards the resistance once more. A break through $1.15 would […]

Euro: USD/EUR (EUR=X) pushes higher for now

Euro: USD/EUR (EUR=X) pushes higher for now

Euro: USD/EUR (EUR=X) pushes higher for now EUR/USD has continued to climb, breaking through trendline resistance and targeting the $1.15 level, the high from early November. From here $1.1554 and then $1.162 come into play. The steep rally over the past few days could begin to moderate, but dips to $1.138 could find buyers. Overall, the […]

Euro: USD/EUR (EUR=X) rallies into deep retracement level

Euro: USD/EUR (EUR=X) rallies into deep retracement level

Euro: USD/EUR (EUR=X) rallies into deep retracement level EUR/USD has been regaining ground, with the pair moving into the crucial 76.4% retracement at $1.1433. There is a high likeliness that we are seeing a retracement in play here, with a break above $1.15 required to negate the premise that this a short-term pullback before we see […]

Euro: USD/EUR (EUR=X) still stuck in downtrend

Euro: USD/EUR (EUR=X) still stuck in downtrend

Euro: USD/EUR (EUR=X) still stuck in downtrend EUR/USD has rallied off the lows but remains in a broader downtrend from the highs of September. A failure to push on above $1.135 would signal that we have more declines ahead, while a rally above this level would head towards $1.1554. Overall, the bias in prices is: Downwards. […]

Euro: USD/EUR (EUR=X) still stuck in downtrend

Euro: USD/EUR (EUR=X) still stuck in downtrend

Euro: USD/EUR (EUR=X) still stuck in downtrend EUR/USD has rallied off the lows but remains in a broader downtrend from the highs of September. A failure to push on above $1.135 would signal that we have more declines ahead, while a rally above this level would head towards $1.1554. Overall, the bias in prices is: Downwards. […]

Euro: USD/EUR (EUR=X) rebound unlikely to last

Euro: USD/EUR (EUR=X) rebound unlikely to last

Euro: USD/EUR (EUR=X) rebound unlikely to last EUR/USD has been gaining ground following last week’s sell-off, with the selling pressure easing somewhat. However, the wider bearish trend remains intact, and there is a strong chance that this rebound is going to falter before long. With that in mind, watch for a potential bearish reversal in the […]

Gold Up, USD Down, Stocks Off + Commodities

Gold Up, USD Down, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil deeper in Bear Market Territory Asian Stocks Down In Asia Gold: Gold prices are us Wednesday as the USD retreated from a 16-month high touched earlier in the week, easing amid a surge in EUR and GBP on a draft BREXIT agreement. Spot […]

Euro: USD/EUR (EUR=X) bounce falters

Euro: USD/EUR (EUR=X) bounce falters

Euro: USD/EUR (EUR=X) bounce falters EUR/USD has plumbed to a new low, continuing its extended downtrend and heading towards possible support at $1.111. A rally will target $1.13, previous key support, while above this the November high at $1.15 comes into play. Having rallied from oversold intraday conditions, it will be important to watch the $1.126 […]

Brexit Nears as EU Faces Revolt

Brexit Nears as EU Faces Revolt

Prime Minister Theresa May on Tuesday faced her divided ministers as negotiators scrambled to secure a divorce agreement with the European Union and anxiety mounted over the risk of a no-deal Brexit. May said Monday her government was working “extremely hard” to save a deal, telling officials of London’s financial district that negotiations “are now […]

Italy Moving Closer to EU Exit

Italy Moving Closer to EU Exit

Italy’s populist government was set Tuesday to defy the European Commission, preferring to risk financial sanctions than revise its big-spending budget. The coalition had been given time to change its 2019 plans but insists an anti-austerity approach will help kickstart growth in the eurozone’s third largest economy, and consequently reduce the public debt and deficit. […]

Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220

Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220

Euro: USD/EUR (EUR=X) could weaken further to the next support at 1.1220 There is not much to add to last Friday’s (09 Nov, spot at 1.1365) update. As highlighted, the sharp and rapid drop from last Wednesday (07 Nov) peak of 1.1500 indicates there is scope for EUR to retest the major 1.1300 support. The […]

Gold Down, USD Up, Stocks Off + Commodities

Gold Down, USD Up, Stocks Off + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil in Bear Market Territory Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold: Gold prices fell to their lowest mark in a week Friday, and were set for their biggest weekly decliner since August, on a firmer USD as the […]

Euro: USD/EUR (EUR=X) rallies through resistance

Euro: USD/EUR (EUR=X) rallies through resistance

Euro: USD/EUR (EUR=X) rallies through resistance The EUR/USD pair mounted an impressive bounce above trendline resistance, and while it then retraced to the line, it posted a classic bounce. Dip buyers came in around $1.14, suggesting that we have seen a bullish move develop. Further gains target $1.15 and then $1.1554. Higher lows have been put in […]

Gold Down, USD Up, Stocks Up + Commodities

Gold Down, USD Up, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Down US Dollar Up Crude Oil Higher  Asian Stocks Higher Focus on FOMC Minutes later Thursday In Asia Gold prices inched lower Thursday on the back of a stronger USD, as investors digested the US Congressional midterm election results and turned their focus to the Fed’s monetary policy […]

Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness

Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness

Euro: USD/EUR (EUR=X) pushing upwards amid dollar weakness EUR/USD has been pushing higher, in a continuation of the strength seen throughout November thus far. With the price rising through the 50% retracement, there is a strong chance we will see the pair continue to gain ground over the near term. A break through the $1.1622 mark […]

Gold Up, USD Down, Stocks Up + Commodities

Gold Up, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up US Dollar Down Crude Oil Lower  Asian Stocks Higher US Midterm Congressional Elections come is as Expected. In Asia Gold: Gold prices rose Wednesday on a weaker USD, as the outcome of US Congressional midterm election came in as expected, Republican hold Senate, and Dems take control […]

Euro: USD/EUR (EUR=X) sees upward momentum falter

Euro: USD/EUR (EUR=X) sees upward momentum falter

Euro: USD/EUR (EUR=X) sees upward momentum falter The price of EUR/USD has rallied from the lows of last week, but has failed to push higher. As a result, we may see bearish momentum develop without a close above $1.1450. Further declines target the $1.13 level of support, which held in August and October. Below this the $1.1118 […]

Gold Steady, USD Down, Stocks Up + Commodities

Gold Steady, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Lower  Asian Stocks Higher Traders eye US Midterm Congressional Elections In Asia Gold prices were steady early Tuesday ahead of US Congressional  midterm elections that may fuel interest in the precious Yellow metal as a hedge against risk if the result sparks […]

Euro: USD/EUR (EUR=X) pulling back after recent bullish break

Euro: USD/EUR (EUR=X) pulling back after recent bullish break

Euro: USD/EUR (EUR=X) pulling back after recent bullish break EUR/USD has been moving lower since Friday morning, coming off the back of a trendline breakout. The fact that we saw a move that barely even reached the 50% level points towards the possibility of further upside. With that in mind, the current pullback looks like a […]

Gold Steady, USD Down, Stocks Down + Commodities

Gold Steady, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Down Crude Oil Dipped  Asian Stocks Lower Traders eye US Midterm Congressional Elections Traders eye US Earnings Data In Asia Gold prices held steady Monday as investors were cautious ahead of the US Congressional electionsTuesday which will determine whether the Republican or Democratic Party controls […]

Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit

Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit

Euro: USD/EUR (EUR=X) promising signs of major breakthroughs regarding Brexit Looking beyond the trials and tribulations of financial markets in the United States, promising signs of major breakthroughs regarding Brexit and the US-China war have emerged. News reports over the weekend have warmed the idea that a Brexit deal could be negotiated, by some time […]

President Trump and The Fed Want to See Inflation

President Trump and The Fed Want to See Inflation

President Trump and The Fed Want to See Inflation $USD, $SPY, $GLD, $SLV The value of USD is determined by a number of variables. For example, this year’s trade wars with China have resulted in a stronger Buck and a weakened RMB Yuan. There are a few internal mechanisms that can be used to raise or […]

Euro: USD/EUR (EUR=X) downtrend intact

Euro: USD/EUR (EUR=X) downtrend intact

Euro: USD/EUR (EUR=X) downtrend intact Short-term support for EUR/USD has been found around $1.13, coinciding with a decent bounce from intraday oversold conditions. However, for the moment this merely looks like a lower high within the current downtrend. A turn lower from below $1.1146 would mark another potential selling opportunity, and would see the $1.13 area tested […]

Euro: USD/EUR (EUR=X) attempts to stabilise after recent decline

Euro: USD/EUR (EUR=X) attempts to stabilise after recent decline

Euro: USD/EUR (EUR=X) attempts to stabilise after recent decline EUR/USD failed to break below the $1.1335 support level overnight, with the price rallying into trendline resistance. The declines seen over the past fortnight are likely to be retraced before long, and many will question whether this is the beginning of such a move. However, we would […]

Euro: USD/EUR (EUR=X) still unable to push higher

Euro: USD/EUR (EUR=X) still unable to push higher

Euro: USD/EUR (EUR=X) still unable to push higher EUR/USD continues to hold above $1.1350, although the downward move from mid-October remains intact. A push above $1.1430 would clear recent intraday resistance and suggest another attempt to break the downtrend line from the September highs. Further support is found at $1.13. Overall, the bias in prices is: […]

EuroCrisis Deepens

EuroCrisis Deepens

EuroCrisis Deepens Growth in the eurozone slowed significantly in the third quarter, official data showed on Tuesday, as Italy’s economic troubles weighed and car production in Germany was disrupted. Gross domestic product in the 19-country single currency area rose just 0.2 percent from July to September, the Eurostat agency said, compared with 0.4 percent in […]

Euro: USD/EUR (EUR=X) wedge break points towards potential upside

Euro: USD/EUR (EUR=X) wedge break points towards potential upside

Euro: USD/EUR (EUR=X) wedge break points towards potential upside EUR/USD has managed to rally through trendline resistance, completing a bullish breakout from the falling wedge formation in play over the past week. This points towards a potential bullish phase coming into play this week. However, it makes sense to watch out for a rally through $1.1432 […]

Another EuroCrisis Looms as Socialism Fails in Europe

Another EuroCrisis Looms as Socialism Fails in Europe

Ratings agency S & P has downgraded its outlook for Italy’s sovereign debt but left its credit rating untouched, upping the pressure on Rome amid a stand-off with Brussels over its budget. Friday’s announcement, which warned Rome’s fiscal policy was jeopardising banks’ ability to fund the Italian economy, followed last week’s decision by Moody’s to […]

Euro: USD/EUR (EUR=X) room for EUR to weaken further to 1.1350

Euro: USD/EUR (EUR=X) room for EUR to weaken further to 1.1350

Euro: USD/EUR (EUR=X) room for EUR to weaken further to 1.1350 We highlighted yesterday “time appears to be running out for further weakness” and the subsequent swift and sharp plunge in EUR came as a surprise, albeit a pleasant one. We have been anticipating a move to 1.1400 since last Friday (19 Oct, spot at […]

Euro: USD/EUR (EUR=X) Eurozone PMI’s pointed to a slowing growth momentum

Euro: USD/EUR (EUR=X) Eurozone PMI’s pointed to a slowing growth momentum

Euro: USD/EUR (EUR=X) Eurozone PMI’s pointed to a slowing growth momentum The euro to dollar exchange rate plunged on Wednesday after the latest Eurozone PMI’s pointed to a slowing growth momentum. Analysts at Scotiabank suggest EUR/USD could see lows of 1.1302 in the near-term outlook: “EUR/USD failed to make any impression on resistance in the low 1.15s […]

Gold Higher, USD Lower, Stocks Mixed to Lower  + Commodities

Gold Higher, USD Lower, Stocks Mixed to Lower  + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index Falls Crude Oil futures down on Saudi pledge US stocks lower In Asia Gold prices Wednesday in global markets is up after hitting their highest in over 3 months in Tuesday’s US session, with international political and economic uncertainty underpinning safe-haven […]

Gold Higher, USD Higher, Stocks Mixed to Lower  + Commodities

Gold Higher, USD Higher, Stocks Mixed to Lower  + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures down on Saudi pledge US stocks mixed, Asia stocks off In Asia Gold prices are up early Tuesday as Asian stocks faltered, weighed down by political uncertainties around BREXIT and […]

Euro: USD/EUR (EUR=X) trade sideways to stay near the 1.1500 level

Euro: USD/EUR (EUR=X) trade sideways to stay near the 1.1500 level

Euro: USD/EUR (EUR=X) trade sideways to stay near the 1.1500 level EUR/USD has steadied on Monday, after posting considerable gains in the Friday session. Currently, the pair is trading at 1.1499, down 0.13% on the day. The sole event is the German Bundesbank monthly report. On Tuesday, Germany releases PPI and eurozone consumer confidence. There […]

Gold Higher, USD Higher, Stocks Flat  + Commodities

Gold Higher, USD Higher, Stocks Flat  + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade US Dollar (.DXY) Index up Crude Oil futures up on supply/demand issues Stocks Flat to Unchanged In Asia Gold prices settled higher Monday morning in Asia, along with an advance in the USD. The increase in gold prices, a safe-haven […]

Gold Higher, USD Higher, Stocks Lower + Commodities

Gold Higher, USD Higher, Stocks Lower + Commodities $GLD, $SLV, $USD, $USO, $OIL, $SOY, $CORN, $WEAT Gold strengthens on risk-off trade China’s growth slows US Dollar (.DXY) Index up on the week Crude Oil futures fall again on supply/demand issues In Asia Gold prices are higher Friday as Asian shares fell on renewed political and economic concerns including China’s weak […]

Euro: USD/EUR (EUR=X) weakness points towards potential further breakdown

Euro: USD/EUR (EUR=X) weakness points towards potential further breakdown

Euro: USD/EUR (EUR=X) weakness points towards potential further breakdown EUR/USD managed to break lower from its consolidation yesterday, coming off the back of a rally into the 50% retracement and 200-day simple moving average (SMA). However, given the mixed signals seen in a wider context (higher highs and lower lows), we need to see a break […]

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