All trading involves risk.
All trading involves risk.
A prominent swing low could mark the end of a shakeout as it heads for the 2018 highs.
As of yesterdays close, the S&P500 has shed -9.36% for the month of October. This puts it on track for its tenth most bearish month using data since 1960.
AUD/USD's big reversal suggests we could see a bounce early next week, but data in the latter half of the week will be critical...
If the trend is your friend, it’s harder to find a better example than the bearish channel on AUD/USD.
The inverse correlation between USD/CAD and WTI remains strong. So, with both markets pausing near pivotal levels we're keeping a close eye on them, as they could be close to a breakout or reversal over the coming sessions.
Gold bears closed out of gold by a record amount last week. We’re now watching closely for a follow-through on price.
EUR/USD has essentially traded within a 500-pip range since July, with false promises of a break either side. But, if we take a closer look at what price is telling us, there’s an argument for a downside break.
Hawkish FOMC minutes, a stronger greenback and higher inventories were enough to push WTI crude back below $70 yesterday. Momentum suggests the move isn’t over just yet.
Following a turbulent period for stocks, yesterday’s rebound brings hopes of a recovery and adds a strong case for a bear-trap. However, if bears get their way, bulls won’t make it out of the woods which could make for limited gains before the next onslaught of selling pressure arrives.
The British pound finds itself on the back foot following a breakdown in Brexit talks over the weekend. Having gapped broadly lower, GBP/JPY shorts could be tempting given the risk-off environment that’s currently favouring the yen.
See the key levels and fundamental events we'll be watching on NZD/USD in the coming week!
It’s safe to say it’s been a volatile week for markets and a bad one for stocks. But, with the rout showing early signs of abating, we’d like to finish the week focussing on a market which went up this week.
Market turmoil from the US session turned into a global affair as Asian markets dropped and volatility spiked. And, for those who like such conditions, the ‘fun’ likely isn’t over yet. Technically, we were out by a day, but we did note a pivotal day on the S&P500 earlier this week. By yesterday’s close the S&P500 has plunged -3.3% to clock up its second most bearish session this year. And, with the sea of red across Asia today its clearly not an isolated event. However, as it was ‘only’ its 251st most bearish session on record, we know things could have been worse too.
Following a strong bullish reversal from September’s low, exhaustion candles warn of a correction. So, we're looking for prices to stabilise above key support before it embarks on its run for the 2018 high.
We highlight the key fundamental factors and technical levels to watch within AUD/USD's well-established bearish trend.
We’re intrigued as to which way the S&P500 trades today, given the importance of support it is sitting on.
Whilst WTI undergoes a steady retracement from its four-year high, we’re paying close attention to its depth as a $1 drop could confirm a bearish reversal.
GBP/USD found support off its near-term bullish trend line this week, raising hopes of a larger bounce in the coming week.
The once unstoppable S&P500 finds itself on shaky ground ahead of today’s NFP report, where a firm print could give it another boot ahead of the weekend.
No sooner had markets given a sigh of relief over Italy’s woes, Powell comes out swinging to rejuvenate broad dollar buying and push EUR/USD below key support.
Gold has spent the best part of the year under heavy selling pressure, but several clues point towards its potential to break this trend.
An increasingly bullish structure and break to a 4-year high puts $80 within easy reach. Yet the cluster of resistance around this level and the fact that large speculators appear less eager to wade in at the highs is something to keep in mind as it makes its way to target.