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 […]

China Economic Outlook

China Economic Outlook

China’s economic growth of 6.5% in the past quarter was the weakest since the financial crisis and is expected to slow further. How are emerging domestic and global trends affecting China’s economic outlook? Did you know: China’s GDP growth is slowing from 6.6% last year to a projected 6.3% this year. Background reading: Is a […]

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 […]

Australian Dollar: USD/AUD (AUD=X) keeps on declining

Australian Dollar: USD/AUD (AUD=X) keeps on declining

Australian Dollar: USD/AUD (AUD=X) keeps on declining AUD/USD continued its downward move yesterday, providing further evidence that global risk appetite is waning. A rally off the lows yesterday is faltering at $0.714, creating a lower high. Further declines target $0.712 and then $0.709. Overall, the bias in prices is: Sideways. The projected upper bound is: 0.72. […]

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 […]

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold

Japanese Yen: USD/JPY (JPY=X) BoJ’s interest rate decision was to remain on hold JPY weakened somewhat as BoJ’s interest rate decision was to remain on hold as was widely expected. The decision was accompanied by cuts in the forecasts for the core CPI rate in 2019/20 and a small boost in the forecast for the […]

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, […]

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening As with equities, USD/JPY’s bounce has stalled over the past couple of sessions, but the uptrend is still in place. The pullback from Friday highs has been met with buying so far this morning, with the price finding support around ¥109.35. If a higher […]

British Pound: USD/GBP (GBP=X) recovers from recent weakness

British Pound: USD/GBP (GBP=X) recovers from recent weakness

British Pound: USD/GBP (GBP=X) recovers from recent weakness GBP/USD’s overall upward trend from the lows of December continues, although it received a sharp check on Friday. However, the price continues to hold the 200-hour simple moving average (SMA) of $1.285, having bounced back above it yesterday. This dip may see fresh buying, targeting $1.30 in […]

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 […]

British Pound: USD/GBP (GBP=X) continues to decline from 76.4% resistance

British Pound: USD/GBP (GBP=X) continues to decline from 76.4% resistance

British Pound: USD/GBP (GBP=X) continues to decline from 76.4% resistance GBP/USD has been weakening consistently since hitting the 76.4% resistance level of $1.30. Whether this is simply another short-term retracement or the beginning of a wider bearish shift for the pair remains to be seen. However, with a minimal rebound this morning being sold into straight […]

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 […]

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement USD/JPY is quiet at the start of the week. In Monday’s North American session, the pair is trading at 109.67, down 0.09% on the day. In economic news, U.S banks are closed for a holiday. With no U.S or Japanese events on the schedule, traders can expect […]

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower AUD/USD has been on the rise throughout the beginning of 2019, although the past week has seen the pair drift lower in what could be a topping pattern. The wider trend in AUD/USD is bearish, and thus until we break through the $7393 level, there is […]

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November USD/CAD has posted small gains in the Monday session. Currently, the pair is trading at 1.3298, up 0.23% on the day. There are no U.S. or Canadian events on the schedule, so traders can expect limited movement from the pair during the day. On […]

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish The tone changed from short-term bullish to short-term bearish last week when U.S. Treasury yields started to rise. This helped make the U.S. Dollar a more attractive investment. Yields are being boosted by increased demand for risky assets tied to the optimism over […]

Japanese Yen: USD/JPY (JPY=X) Increased Risk Appetite

Japanese Yen: USD/JPY (JPY=X) Increased Risk Appetite

Japanese Yen: USD/JPY (JPY=X) Increased Risk Appetite The Dollar/Yen rose last week on the back of higher Treasury yields and increased appetite for risky assets. Traders were reacting to optimism over progress in U.S-China trade talks. The catalysts behind the rising Treasury yields were reports that the two economic powerhouses were considering offering concessions to […]

Real Inflation is Here, Gold is the Hedge of Choice for Savvy Participants

Real Inflation is Here, Gold is   the Hedge of Choice for Savvy Participants

$GLD, $USD Some economists who favor the ‘dollar/gold price’ seem to be blind to the rise in financial power of the precious Yellow metal. We believe that real inflation will become a better gauge to see how well this metric is doing. Using USD’s strength to measure net worth in the US could give 1 the impression that […]

Buy Gold, Bet on Tight Supply

Buy Gold, Bet on Tight Supply

$GLD, $SLV, $USD Gold’s supply/demand prospects have caught the eye of 1 billionaire. “For the 1st time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on […]

Australian Dollar: USD/AUD (AUD=X) finds support

Australian Dollar: USD/AUD (AUD=X) finds support

Australian Dollar: USD/AUD (AUD=X) finds support The Australian dollar initially pulled back a bit during the trading session on Thursday, dipping slightly below the 50 day EMA. However, we bounced slightly, and I think this is indicative of what we are going to see, a slow and gentle grind lower. This isn’t necessarily an indictment on […]

British Pound: USD/GBP (GBP=X) Beware Return of Brexit Risks

British Pound: USD/GBP (GBP=X) Beware Return of Brexit Risks

British Pound: USD/GBP (GBP=X) Beware Return of Brexit Risks GBP/USD has been stuck fast at $1.29 for several days. A failure to break higher raises the risk of a deeper retracement. Near-term support lies at $1.2773 (close to the 50-day SMA at $1.2763 too), while a bigger dip finds support around $1.27. Above $1.29, the price […]

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high Since yesterday’s high, the USD/JPY price has pulled back, but the uptrend from the lows of last Thursday remains intact. Even a dip to ¥108.50 would still be a possible buying opportunity, and for now the price is holding above ¥108.70. A fresh move higher, reinforced by the […]

DAX PERFORMANCE-INDEX (.GDAXI) stuck below 10,900

DAX PERFORMANCE-INDEX (.GDAXI) stuck below 10,900

DAX PERFORMANCE-INDEX (.GDAXI) stuck below 10,900 DAX’s gains above 10,900 have proven impossible to sustain over the past few sessions, while intraday sell-offs have found support at 10,800. A break of this range indicates the next direction, with trendline support around 10,700 coming into play. Above 10,900, the index will push on above 11,000 but […]

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound USD/CAD is trading within a rising triangle formation, following on from a rebound late last week. The break through the $1.326 swing-high points towards potential upside coming into play. For now, it is worth watching a break of either $1.3226 or $1.3294 as a precursor to the next […]

British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility

British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility

British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility Yesterday’s Brexit vote brought about huge volatility as expected, with severe selling in the lead up to the event subsequently reversing once the votes came in. Despite the uncertainty looming ahead, markets seem somewhat unmoved, with tonight’s vote of no confidence unlikely to succeed. The fact that the GBP/USD broke […]

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 […]

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase The US dollar has gone sideways overall against the Japanese yen, showing a bit of resiliency. However, the ¥108 level underneath is massive support, so I think it is going to continue to be able to hold the market up a little bit. However, if […]

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment The Australian Dollar took a steep fall in the Westpac Consumer Sentiment index in its stride Wednesday but selling the Antipodean currency is still a “top ten” investment idea for the 2019 year, according to analysts at DBS Bank who see the Reserve Bank of Australia having to delay any […]

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. […]

Australian Dollar: USD/AUD (AUD=X) stalls ahead of resistance below 0.73

Australian Dollar: USD/AUD (AUD=X) stalls ahead of resistance below 0.73

Australian Dollar: USD/AUD (AUD=X) stalls ahead of resistance below 0.73 The Australian Dollar mounted a spirited recovery after briefly spiking to a ten-year low against its US counterpart. The advance has paused to consolidate below minor resistance at 0.7247. A daily close above this barrier opens the door for a test of the December swing […]

British Pound: USD/GBP (GBP=X) faces high volatility

British Pound: USD/GBP (GBP=X) faces high volatility

British Pound: USD/GBP (GBP=X) faces high volatility British Parliament has rejected Prime Minister Theresa May’s Brexit deal with a majority of 230, 202 vs 432.  With the initial market reaction, the GBP/USD pair slumped to a low of 1.2667 and was last seen trading around 1.2710, down 1.15% on a daily basis. GBP/USD has pushed steadily higher over the […]

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 […]

Canadian Dollar: USD/CAD (CAD=X) rebound could point to bullish reversal

Canadian Dollar: USD/CAD (CAD=X) rebound could point to bullish reversal

Canadian Dollar: USD/CAD (CAD=X) rebound could point to bullish reversal USD/CAD managed to break out of its recent downtrend, with the price breaking through the crucial swing high of $1.326. That points towards a possible bullish reversal from here, with the next sell-off providing a higher low. With trendline support currently in play, a break below […]

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 […]

Japanese Yen: USD/JPY (JPY=X) determined by investor appetite for risk

Japanese Yen: USD/JPY (JPY=X) determined by investor appetite for risk

Japanese Yen: USD/JPY (JPY=X) determined by investor appetite for risk The Dollar/Yen is being pressured on Monday from lower demand for risky assets. U.S. stock market weakness is driving some investors into the safe-haven Japanese Yen. The catalysts behind the weakness are weaker-than-expected trade data from China and concerns over the U.S. government shutdown. Investors […]

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy

Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy The Australian dollar eased on Monday as fresh concerns about the global economy resurfaced. The main theme of the session was a weak Chinese trade report for December with imports and exports suffering the largest year-ended decline since the second half of 2016, raising renewed concern about […]

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 […]

Japanese Yen: USD/JPY (JPY=X) moving in a fairly narrow side corridor

Japanese Yen: USD/JPY (JPY=X) moving in a fairly narrow side corridor

Japanese Yen: USD/JPY (JPY=X) moving in a fairly narrow side corridor After the “New Year storm,” caused by the lack of liquidity, the Japanese currency is complete calm, moving in a fairly narrow side corridor within 107.75-109.10. The pair met the end of the week in the same place where it started , near the […]

Australian Dollar: USD/AUD (AUD=X) main trend is down

Australian Dollar: USD/AUD (AUD=X) main trend is down

Australian Dollar: USD/AUD (AUD=X) main trend is down The main trend is down according to the daily swing chart. However, momentum is trending higher. The main trend will change to up on a trade through .7247. The minor trend is up. This move triggered the shift in momentum to up. The main range is .7394 […]

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 […]

Japanese Yen: USD/JPY (JPY=X) turning bearish after decline

Japanese Yen: USD/JPY (JPY=X) turning bearish after decline

Japanese Yen: USD/JPY (JPY=X) turning bearish after decline USD/JPY has rolled over and eaten into the gains made earlier in the week. Having faltered at ¥109.00, we now need to watch to see if the current move higher off the ¥107.80 level fails to recover ¥109.00. If it does bounce and then turn lower, we have […]

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress”

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress”

Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress” The Australian Dollar was rose broadly Thursday in response to claims the U.S. and China are moving close toward a deal that will end the “trade war” between the two, which came ahead of retail sales figures for November. Chinese officials said […]

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 […]

Canadian Dollar: USD/CAD (CAD=X) continues to lose ground

Canadian Dollar: USD/CAD (CAD=X) continues to lose ground

Canadian Dollar: USD/CAD (CAD=X) continues to lose ground USD/CAD has continued its downtrend, with the breakdown through trendline support providing a remarkably consistent period of downside for the pair. Much of this is associated with the recovery in oil prices, and thus it makes sense to watch crude as a key gauge of where USD/CAD goes. […]

British Pound: USD/GBP (GBP=X) heading upwards towards crucial resistance level

British Pound: USD/GBP (GBP=X) heading upwards towards crucial resistance level

British Pound: USD/GBP (GBP=X) heading upwards towards crucial resistance level GBP/USD is rising once again this morning, with the pair heading towards the key $1.2812 level. Should we see that level broken, it would provide a more bullish view for the pair. Whether or not we see that level broken will be key to how we […]

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data

Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data The Australian Dollar advanced against most rivals Tuesday even after official data revealed a steep fall in the nation’s trade surplus for November, and is likely to remain on its front foot over the coming weeks according to Westpac. Australia’s goods trade surplus fell from […]

Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside

Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside

Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside USD/JPY has still failed to recapture the levels seen before it occurred. Unless and until Dollar bulls can make good at least that loss, then it seems likely that the overall market focus will remain to the downside. Last […]

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 […]

Australian Dollar: USD/AUD (AUD=X) records lower than expected November trade surplus of $1.9 billion

Australian Dollar: USD/AUD (AUD=X) records lower than expected November trade surplus of $1.9 billion

Australian Dollar: USD/AUD (AUD=X) records lower than expected November trade surplus of $1.9 billion The Australian Bureau of Statistics figures reveal Australia’s November trade surplus of $1.9 billion was lower than expected.Australia exported $1.9 billion more than last month, down from a $2 billion surplus in October. According to ABS figures, in trend terms, the […]

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 […]

British Pound: USD/GBP (GBP=X) rally looks likely to fall short

British Pound: USD/GBP (GBP=X) rally looks likely to fall short

British Pound: USD/GBP (GBP=X) rally looks likely to fall short GBP/USD has been gaining ground since the drop below $1.2477, with the pair now starting to stall. That drop into a new low on 2 December highlights a continuation of the wider bearish theme, with the current rally looking likely to falter rather than create a […]

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 […]

Canadian Dollar: USD/CAD (CAD=X) drops into trendline support

Canadian Dollar: USD/CAD (CAD=X) drops into trendline support

Canadian Dollar: USD/CAD (CAD=X) drops into trendline support USD/CAD has been on the decline throughout the start of the new year, with the price falling into and below the lower boundary of the ascending channel pattern. This raises the chances of a wider downturn for the pair, yet with the price currently challenging an ascending trendline, […]

Japanese Yen: USD/JPY (JPY=X) nice selling opportunity in the next few days

Japanese Yen: USD/JPY (JPY=X) nice selling opportunity in the next few days

Japanese Yen: USD/JPY (JPY=X) nice selling opportunity in the next few days The Japanese yen is of course a safety currency, and with the US/China trade war issues out there it makes sense that the Japanese yen could be attractive to some traders. I think that the first couple of months of 2019 will continue […]

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 Up Stocks Higher In Asia Note: Presidents Trump and Xi spoke Sunday, tone was optimistic as US trade representatives arrived in Beijing for official trade talks Monday. Gold: Gold rose Monday, helped by a weaker USD on expectations that the Fed may/will apply brakes on its monetary tightening cycle in Y 2019, an […]

British Pound: USD/GBP (GBP=X) potential for break in either direction

British Pound: USD/GBP (GBP=X) potential for break in either direction

British Pound: USD/GBP (GBP=X) potential for break in either direction The UK enters a critical three week period as parliamentarians return to Westminster to debate the merits of the Government’s withdrawal deal with the EU. A vote is due in the week commencing January 14. At present, the deal is expected to be voted down […]

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 […]

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place

Australian Dollar: USD/AUD (AUD=X) short term bottom is in place AUD/USD spiked lower to 0.6722 last week but recovered strongly since then. The strength of the rebound suggests a short term bottom is in place. Intraday bias remains on the upside this week for further rebound. On the downside, break of 0.7015 minor support will […]

Japanese Yen: USD/JPY (JPY=X) rally could pick up steam

Japanese Yen: USD/JPY (JPY=X) rally could pick up steam

Japanese Yen: USD/JPY (JPY=X) rally could pick up steam The USD/JPY rally could pick up steam this week if it gets help from rising Treasury yields and increased appetite for risk. Powell was dovish in delivering his message that the Fed will be flexible with all of its monetary policy tools, including the important balance […]

Alexandria Ocasio-Cortez Launches Socialist Agenda

Alexandria Ocasio-Cortez Launches Socialist Agenda

Alexandria Ocasio-Cortez began her term as the youngest woman ever elected to the US Congress with a Socialistic bang this week by proposing to tax the ultra-rich at 60 or 70 percent. The daughter of hardscrabble working-class parents, the 29-year-old New Yorker was working toward making good on a campaign promise, making the USA a […]

Gold Miners Happy Price Taps at $1,300 oz

Gold Miners Happy Price Taps at $1,300 oz

$GLD, $SLV, $USD, $AAPL Miners see Gold prices moving higher in 2019 December’s holiday cheer is carrying into Y 2019 for Gold-mining companies. A gauge of mining shares is extending gains after its best December since the financial crisis as investors flee to safe-haven assets amid a slump in the broader equities market and a […]

Looking Ahead: Seeing No Rate Hikes, No Recession, 20%+ Rally Ahead

Looking Ahead: Seeing No Rate Hikes, No Recession, 20%+ Rally Ahead

$SPY, $GLD Surprise, after all of the ‘bunk’ you have heard since early October, do not be shocked that there will be no additional Fed rate hikes, a 20% S&P 500 rally and no recession.. Byron Wein defines “surprise” as an event that the average investor would only assign a 33% chance of taking place […]

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 […]

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 Down Stocks Higher In Asia Gold:  Gold prices scaled a more than 6-month highs Thursday as worries about a global economic slowdown and volatility in equities boosted safe-haven buying, while a weaker USD offered support. Spot gold touched its highest mark since 15 June at $1,290.09, and was trading up 0.3% at $1,288.43 […]

Canadian Dollar: USD/CAD (CAD=X) 2019 Outlook

Canadian Dollar: USD/CAD (CAD=X) 2019 Outlook

Canadian Dollar: USD/CAD (CAD=X) 2019 Overall, the bias in prices is: Upwards. The projected upper bound is: 1.46. The projected lower bound is: 1.27. The projected closing price is: 1.36. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices […]

British Pound: USD/GBP (GBP=X) 2019 May Surprise

British Pound: USD/GBP (GBP=X) 2019 May Surprise

British Pound: USD/GBP (GBP=X) 2019 Brexit may not be the disaster that the technicals are reflecting, Brexit may well breathe life back in to the stagnant UK. Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 1.67. The projected lower bound is: […]

Australian Dollar: USD/AUD (AUD=X) 2019 Outlook Negative

Australian Dollar: USD/AUD (AUD=X) 2019 Outlook Negative

Australian Dollar: USD/AUD (AUD=X) 2019 Australia is about to feel the bite from decades of socialism. Overall, the bias in prices is: Downwards. The projected upper bound is: 0.76. The projected lower bound is: 0.59. The projected closing price is: 0.70. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower […]

Japanese Yen: USD/JPY (JPY=X) 2019 Outlook 125

Japanese Yen: USD/JPY (JPY=X) 2019 Outlook 125

Japanese Yen: USD/JPY (JPY=X) 2019 Outlook Overall, the bias in prices is: Upwards. The projected upper bound is: 129.61. The projected lower bound is: 100.81. The projected closing price is: 110.21. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are […]

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 […]

Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark

Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark

Japanese Yen: USD/JPY (JPY=X) eased below the 111 mark Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 112.17. The projected upper bound is: 112.15. The projected lower bound is: 109.61. The projected closing price is: 110.88. Candlesticks A black body occurred (because prices closed lower than […]

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown

Australian Dollar: USD/AUD (AUD=X) waiting for next breakdown AUD/USD has been trading within a relatively flat range over the past two trading days, in what looks like a very similar pattern to those seen in recent weeks. On prior occasions these sideways consolidation patterns provide a precursor to another downside sell-off. Thus, the expectation is that […]

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 […]

British Pound: USD/GBP (GBP=X) short-term “Rising-Wedge”

British Pound: USD/GBP (GBP=X) short-term “Rising-Wedge”

British Pound: USD/GBP (GBP=X) short-term “Rising-Wedge” With the short-term “Rising-Wedge” directing GBPUSD moves, the pair has to slid beneath the 1.2640 support in order to justify the bearish formation and aim for 1.2530. Should prices weaken under 1.2530, the 1.2475, the 1.2400 and the 61.8% FE level of 1.2365 can become Bears’ favorites. Meanwhile, pair’s sustained […]

Japanese Yen: USD/JPY (JPY=X) continues to strengthen as short-sellers begin to pare positions

Japanese Yen: USD/JPY (JPY=X) continues to strengthen as short-sellers begin to pare positions

Japanese Yen: USD/JPY (JPY=X) continues to strengthen as short-sellers begin to pare positions The Dollar/Yen is posting a slight recovery early Wednesday, following a combined steep sell-off the first two sessions of the week. The price action indicates a slight divergence from the major U.S. stock indexes, which could be a sign of a possible […]

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 […]

The Fed is Damaging America

The Fed is Damaging America

President Donald Trump on Monday renewed his verbal assault on the Federal Reserve, blaming the central bank for mounting fears over the US economy and comparing it to a blundering golfer. “The only problem our economy has is the Fed,” Trump tweeted. “The Fed is like a powerful golfer who can’t score because he has […]

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 […]

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 Off Asian Stocks Off  Notes: The Federal Open Market Committee (FOMC) announce its interest rate stance Wednesday, the market sold off. In Asia Gold: Gold prices steadied on Thursday, after shedding half a percent in the previous session as the Fed delivered a less-dovish outlook on monetary tightening than many wanted and had […]

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 […]

British Pound: USD/GBP (GBP=X) rally takes us back above 61.8% resistance

British Pound: USD/GBP (GBP=X) rally takes us back above 61.8% resistance

British Pound: USD/GBP (GBP=X) rally takes us back above 61.8% resistance Once again, GBP/USD rose into the 61.8% level, with the pair looking to have made an ABC three-legged retracement of the decline from $1.2912. A rally through that swing high would point towards a likely period of upside. Until then, there is a good chance that […]

Australian Dollar: USD/AUD (AUD=X) remains under pressure

Australian Dollar: USD/AUD (AUD=X) remains under pressure

Australian Dollar: USD/AUD (AUD=X) remains under pressure The Australian dollar fell against most of the major crosses again on Tuesday, weighed down by another plunge in crude oil prices. The US Federal Reserve will announce its December interest rate decision today. Markets are 70% priced for a 25 basis point hike. China’s three-day Central Economic […]

Japanese Yen: USD/JPY (JPY=X) hits trendline support

Japanese Yen: USD/JPY (JPY=X) hits trendline support

Japanese Yen: USD/JPY (JPY=X) hits trendline support USD/JPY has declined off the back of the 76.4% retracement, with a head and shoulders ultimately driving a decline in the pair towards the ¥112.23 swing low. That has also seen the descending trendline come into play, raising the possibility of a rebound from here. Much of it will […]

Canadian Dollar: USD/CAD (CAD=X) Cautious Tone in Market Amid Dovish Crude Oil Price

Canadian Dollar: USD/CAD (CAD=X) Cautious Tone in Market Amid Dovish Crude Oil Price

Canadian Dollar: USD/CAD (CAD=X) Cautious Tone in Market Amid Dovish Crude Oil Price Cautious Tone in Market Amid Dovish Crude Oil Price Limits Sharp Move on Either Side Adding to this, a modest rebound in crude oil prices extended some additional support to the commodity-linked currency – Loonie and further collaborated to the pair’s weaker […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Off Asian Stocks Off  Notes: The Federal Open Market Committee (FOMC) will announce its interest rate stance at 2:00p EST Wednesday, the market is focused. In Asia Gold: Gold prices moved to 5-month highs Wednesday as a softer USD supported the coin and bar buyers, while investors awaited cues on the rate […]

Market Looking for a Dovish Stance from the FOMC Wednesday

Market Looking for a Dovish Stance from the FOMC Wednesday

$DIA, $SPY, $QQQ, $RUTX, $VXX The market is looking for a Dovish stance from the FOMC when it comes to its interest rate projections for Y 2019.  Everything will come into view at 2:00p EST Wednesday Investors in pain from a difficult year hope the Fed will align with President Trump’s ‘demand’ for dovishness in […]

Japanese Yen: USD/JPY (JPY=X) finds support ahead of 112

Japanese Yen: USD/JPY (JPY=X) finds support ahead of 112

Japanese Yen: USD/JPY (JPY=X) finds support ahead of 112 Overall, the bias in prices is: Sideways The projected upper bound is: 113.71. The projected lower bound is: 111.47. The projected closing price is: 112.59. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 5 […]

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November

Australian Dollar: USD/AUD (AUD=X) expected to show a more modest increase in jobs in November Australia publishes its jobs report for November on Thursday, 00:30 GMT. The Land Down Under enjoyed a robust rate of jobs growth in October: no less then 32.8K positions were added to the economy, exceeding what had been expected and […]

In Asia: Gold Up, USD Down, Stocks Cautious + Commodities

In Asia: Gold Up, USD Down, Stocks Cautious + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Off Asian Stocks Cautious  Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q is when Russia will go to its agreed production level. US shale oil production will continue to increase. So, […]

Dow Could Still See 30,000

Dow Could Still See 30,000

Wall Street fell again on Monday while other global stocks mostly fell as a wave of fake news and misleading commentary about economic growth swept over investors. US President Donald Trump lambasted the Federal Reserve again, calling on the central bank not to raise interest rates a day before policymakers are due to meet. Markets […]

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