All trading involves risk.
All trading involves risk.
In true turnaround style, Euro rose broadly higher in face of fear-mongering headlines when Italy’s political crisis showed a whiff of a positive development yesterday. Whilst the turmoil in Italy will likely remain a key driver for Euro crosses, there are signs to suggest its downside has, or is already becoming overextended.
Last week's bearish engulfing candle below a pivotal area suggests a swing high may have been seen, with the longer-term trend pointing towards a break of the 2018 low.
USD/CHF is pulling back from the highs earlier this month - get our take on whether this move is the beginning of a failed breakout or just a bullish flag.
A burst higher following two bullish hammers at range lows has AUDCAD on our radar for a prolonged run.
EUR/USD sits on structural support as the single currency battles with Italian politics, record wide spreads and a dovish ECB.
At the time of writing, GBPJPY has been the week’s most volatile pair and the break of two key levels suggest further losses could be ahead.
We highlighted the potential for a 3-month reversal on GBP/AUD a few weeks ago. A 3.5% decline and break of key support later, a longer-term reversal pattern appears all but given.
From $145 to $35 to $115 to nearly $25 and now to back above $70, the price action in the oil market has been a roller coaster for a full decade now, and the question on every trader’s mind is “how far will we rise before dumping again…and what does that mean for other markets?”
We argued that the 200-day MA could prove pivotal for gold and, whilst that hurdle is now cleared, one more stands in its way of further declines.
EURAUD appears on track to confirm a 3-month reversal pattern from the highs. And with several key levels having recently broken, we now have 1.5600 in focus as a break of it could signal further downside.
After over two weeks consolidating in a tight 150-pip range, GBP/USD may be poised for a breakout amidst next week's data avalanche...
We previously outlined a technical argument for EUR/JPY to have already seen its high. And whilst there is still another seven and a half months to go, price action since then appears constructively bearish.
For more than two years, gold hasn’t shown much of a trend at all, with prices consolidating between $1200 and $1400 (excluding a brief spike down to the mid-$1100s in Q4 2016). More recently, the metal has spent the entire first third of 2018 trapped between $1300 and $1365, frustrating bulls and bears alike.
Despite Friday’s wobble, the trend remains predominantly bullish and it could make a run for the 2017 and 2018 highs. But currently amid its second best weekly run on record, it’s possible these milestone highs could break its streak.
Despite shedding 2.5% since our last video, AUDNZD didn't quite hit its target projected from a head and shoulders top. But the momentum shift from the lows and breach of October's trendline makes bullish setups more compelling from here.
After shedding nearly 400 pips over the last month, there are tentative signs that AUD/USD may be forming a bottom here...
EUR/CAD is the latest cross to hesitate at a technical juncture, where it’s to choose between maintaining a bearish channel or respect its 200-day average.
Pound sterling is in freefall after the BOE struck a more dovish tone in its statement - see our main takeaways from the event!
Markets were prepared for RBNZ to hold, but the volatile and decisively bearish reaction for NZD suggests traders weren’t positioned for the dovish undertone. We’ll take look at key takeaways, reaction and levels.
We preview the numbers to know in tomorrow's 'Super Thursday' Bank of England meeting.
GBP crosses and their close-proximity to trendlines have been a common theme of late, with GBPJPY now stepping up to the plate for a showdown with a potentially pivotal level.
After starting the year with a yield near below 2.5%, the benchmark 10-year bond has seen yields surge to a high of nearly 3.05%, corresponding to about a year-to-date drop of about 3% in IEF, the equivalent treasury bond ETF. Not surprisingly given its higher duration, the 20+ year treasury bond ETF (TLT) has seen an even more severe 5% loss so far in 2018. While moves like these may represent just a bad month in the stock market (and a bad hour in the über-volatile crypto market!), the magnitude of this year’s moves has rattled the normally-staid bond market.
Oil is back in the spotlight after breaking above $70 a barrel and reaching a 3.5 year high. But with geopolitical risks lurking in the background, can it stay there?
After selling off from the highs, GBPAUD has paused above a key zone of support which could prove pivotal. And if we're to close lower this month the cross will have a 3-month bearish reversal to content with.
After a 10% rally over the last 11 weeks, USD/CHF is nearing its highest level in a year...what will next week bring?
We preview the numbers to know in this afternoon's U.S employment data.
If this week closes with a bullish hammer back within range, it will make it the fourth failed break in under five months. However, it is not the range itself that interests us, but the potential to enter short if we see a bearish breakout from it.
EUR/USD maintains its bearish bias in the near-term after breaking out of a long-term consolidation zone.
Despite a great start to the year and hitting a near 2.5yr high, subsequent price action has left a trail of clues that a top may already be in place.
While the Fed is not likely to change policy today, the central bank's statement could still be a market mover - see what we'll be watching!
Since around mid-April the US dollar has moved broadly higher against its peers. One by one we’re seeing majors break or approach key levels, with AUD now having broken December’s low after invalidating it 2016 trendline last week.
While we were focused on developments on the East side of the Atlantic last week (including the ECB meeting), the market’s focus is shifting westwards this week, with the May Federal Reserve meeting set to conclude tomorrow and the always-impactful Non-Farm Payrolls report on Friday. Accordingly, we’re focusing on the outlook for the US dollar index (DXY) today.…and what a run it’s had!