Gold prices set a fresh 2019 low this week; but bears were unable to make much ground afterwards, even as USD-strength showed up. Is this a bear trap scenario?
Gold prices are aiming lower after breaking chart support to complete a bearish Head and Shoulders topping pattern. Crude oil prices are struggling below $65/bbl.
The Euro fell on soft German and Eurozone economic data, EUR/USD eyeing dominant downtrend resumption. Expect thin and illiquid trading conditions ahead of the Good Friday holiday.
Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart.
The recent breakdown in Gold prices may still have some way to go.
This can be a tough time for fresh breakouts as a long-weekend nears, but both EURUSD and GBPUSD are testing key supports as the US Dollar has caught a bid.
The Euro may fall with stocks while the Yen gains as economic data flow fails allay global slowdown fears and worries about political instability in Italy resurface.
Crude oil prices may recoil downward after stalling at chart resistance as a defensive tone prevails across global financial markets, weighing on sentiment-geared assets.
The S&P 500 closed lower as health-care stocks dragged and triggered risk aversion after key resistance held. NZD/USD may reverse as the Australian Dollar rises on a jobs report.
Crude Oil prices have put in a strong bounce from support to start this week. But with DOE inventories due out, will buyers be able to break a string of lower-highs?
The commodity currencies are showing increasing strength in recent days, in line with global equity markets continuing their surge higher.
Ending the US-China trade war may not reverse a 16-month slowdown in global economic activity. The Yen and US Dollar may rise as market mood sours.
Gold prices appear vulnerable to deeper losses as technical positioning reveals the completion of major topping pattern.
Gold prices may extend drop as XAU/USD breached support on a stronger US Dollar and rising government bond yields. AUD/USD and risk trends are at the mercy of Q1 China GDP data.
Recent changes in trader positioning suggest that Crude Oil may still have further gains ahead.
Gold prices have broken-down this morning, setting a fresh 2019 low in the process. But the USD is also struggling - is this a breakout with legs, or due for a bounce?
With Brexit off the frontburner, at least temporarily, attention has shifted back to the tepid growth backdrop in Europe.
The US Dollar may rise on haven demand amid worries about slowing global economic growth. Early results show earnings for S&P 500 companies are on pace to fall.
Crude oil prices may fall as a diverse array of economic releases stokes worries about a broad-based slowdown in global economic growth.
The Canadian Dollar fell as BoC business outlook resulted negative, fueling interest rate cut expectations as USD/CAD support held. Ahead, AUD/USD may fall to support on RBA minutes.
Recent changes in positioning suggest that, if a triangle breakout occurs, it would likely be to the downside.
Kiwi rebounded off key support last week but remains at risk while below the April open. Here are the targets and invalidation levels that matter on the NZD/USD charts.
Gold price are inching closer to confirming a large technical topping pattern and triggering trend reversal. Earnings reports from Goldman Sachs and Citigroup are due.
Markets are focused on first-quarter earnings reports form Goldman Sachs and Citigroup as S&P 500 technical positioning warns that a top is in the making.
Aussie is top performer against the US Dollar this week with the price breakout now at testing resistance targets. Here are the levels that matter on the AUD/USD charts.