11 December 2018
Bitcoin – Back in the Red, as the Bears Look for More
It’s back in the red for Bitcoin and the broader market, with Monday’s reversal weighing in the early hours. Holding onto $3,500 will be key early on.
Read MoreBitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 11/12/18
With the broader market seeing red following Monday’s sell-off, things could turn around should the majors not slide deeper into the red this morning.
Read MoreMonero Technical Analysis – Support Levels Back in Play – 11/12/18
It’s a bearish start to the day and things could get worse for Monero’s XMR should a move through to $44 levels fail to materialize.
Read MoreEUR/USD Price Forecast – EUR/USD Trades Range Bound Amid Political Woes From Both Sides of Atlantic
EUR/USD is trapped in a symmetrical triangle as brexit woes and French protests hurt Euro’s upward price momentum.
Read MoreGBP/USD Price Forecast – GBP/USD To Trade Range Bound Ahead of PM May’s Meet With EU Leaders
PM May’s refusal to submit her Withdrawal Proposal to the UK parliament yesterday will see plenty of Brexit rhetoric in the headlines today amid a highly active macro calendar keeping the pair in volatile but range bound price action.
Read MoreDAX Index Daily Price Forecast – Dax Index To Continue Bearish Price Action On Risk Averse market Sentiment
Dax index yesterday closed near 52-week low on risk averse price action and is expected to continue trading in red during today’s market hours.
Read MorePrecious Metals Regain Poise in Asia Amid Continued Risk-Off Investor Sentiment
Gold is mildly bid in Asia tracking losses in the greenback, while crude oil also recovers to some extend after sharp fall in precious session.
Read MoreBrexit and U.S – China Trade Talks Put the GBP and USD in the Spotlight
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
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Read MoreOil Price Fundamental Daily Forecast – Traders Continue to Assess Impact of Production Cuts Amid Other Uncertainties
There is just too much uncertainty floating around to sustain a rally at this time, which suggests we’re likely to see a sideways to lower trade unless the global equity markets start to improve and the U.S. Dollar weakens with more conviction than we’ve seen over the past few weeks.
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Read MoreEM Currencies Hit by Risk Aversion: Pound Dives on Delayed Brexit Vote
Emerging market currencies are poised to remain in the firing line this week as ongoing trade tensions, Brexit uncertainty, depressed equity markets and turmoil in France cripple investor confidence
Read MoreIndian Rupee Rocked by Shock RBI Resignation: Pound Attempts to Find Stability
Hopes that the Indian Rupee would continue its rebound from all-time lows throughout 2018 on the back of sustained weakness in Oil prices have been rocked by news
Read MoreNatural Gas Price Fundamental Daily Forecast – Traders Eyeing Return of Cold Weather Around Christmas
The price action since the spike to $4.964 on November 14 suggests a balanced market. It also indicates that traders are being influenced by the inconsistent weather patterns. This is why prices continue to straddle the short-term retracement zone at $4.431 to $4.557.
Read MoreTrading Plan for December 11
Yesterday, strong US Dollar pulled EUR/USD below the central pivot at 1.1374. The form of the candlestick shows an uncertainty among traders, as the pair even tested the level at 1.1437
Read MorePrice of Gold Fundamental Daily Forecast – U.S. Producer Inflation Data Will Influence Price Action
The early price action indicates that gold will continue to be influenced by the movement in the U.S. Dollar. The dollar will weaken and gold will strengthen if investors continue to bet that the U.S. Federal Reserve will pause its tightening cycle sooner than expected.
Read MoreEUR/USD Mid-Session Technical Analysis for December 11, 2018
Based on the earlier price action and the current price at 1.1390, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the Fibonacci level at 1.1395.
Read MoreUSD/CAD Daily Price Forecast – USD/CAD Range Bound Near 1.34 Handle
The USD struggles to build on the overnight upsurge owing to lack of bullish triggers.
Read MoreBitcoin And Ethereum Price Forecast – BTC & ETH Get Ready For Another Day Of Bearish Price Action
The short-term technical picture implies more selling as recovery path is obstructed with numerous resistance levels.
Read MoreAsia Mixed On Monday Woe, EU Market Surges On Trade News, Autos Lead The US Higher
Asian markets closed mixed on Tuesday following Monday’s wild ride in US equities. Indices in the EU were up an average 1.75% in early Tuesday. The trade news from China helped lift US indices in early Tuesday trading.
Read MoreE-mini S&P 500 Index (ES) Futures Technical Analysis – December 11, 2018 Forecast
Based on the early price action, the direction of the December E-mini S&P 500 Index on Tuesday is likely to be determined by trader reaction to yesterday’s high at 2648.50.
Read MoreE-mini Dow Jones Industrial Average (YM) Futures Analysis – December 11, 2018 Forecast
Based on the closing price reversal bottom and the earlier price action, the direction of the December E-mini Dow Jones Industrial Average on Tuesday is likely to be determined by trader reaction to 24517.
Read MoreE-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – December 11, 2018 Forecast
Based on yesterday’s closing price reversal bottom and today’s confirmation, the direction of the December E-mini NASDAQ-100 Index is likely to be determined by trader reaction to 6714.50.
Read MoreAUD/USD Price Forecast – Australian dollar bounces for Tuesday session
The Australian dollar rallied towards the top of the shooting star from the Monday session, which of course is a sign of strength. However, there is a certain amount of resistance above there that should continue to cause issues, so I would not be surprised to see this market roll over a bit from here.
Read MoreEUR/USD Price Forecast – Euro gives up the gains
The Euro rallied a bit during the trading session on Tuesday but gave back all of the gains as we ended up forming a very negative looking candle stick. It looks as if we are trying to break down, but if you squint, you can see a symmetrical triangle.
Read MoreGBP/JPY Price Forecast – British pound gives up gains
The British pound tried to turn around and rally during the trading session after a horrible session the previous day on Tuesday. The market has formed a very ugly looking candle stick, and it looks like we are going to continue to see major issues.
Read MoreGBP/USD Price Forecast – British pound gives up gains
The British pound initially tried to recover some of the losses during the trading session on Tuesday but rolled over again as the Brexit uncertainty continues. Ultimately, I think this is the overall theme for this pair, we will continue to go lower.
Read MoreUSD/JPY Price Forecast – US dollar continues to be resilient
The US dollar initially fell during trading on Tuesday but has found buying pressure underneath in continuation of the bullish candle that had formed on Monday.
Read MoreGold Price Forecast – Gold markets continue to struggle to break out
Gold markets initially rallied during the trading session on Tuesday but turned around of form a rather weak looking candle. We are hovering around the $1250 level, an area that had been massive resistance. The fact that we can’t continue to go higher is a bit concerning.
Read MoreNatural Gas Price Forecast – natural gas markets crater on Tuesday
Natural gas markets initially tried to rally during the trading session on Tuesday, but found quite a bit of resistance above to turn around and crash into the bottom of the consolidation triangle that we have been in.
Read MoreCrude Oil Price Forecast – crude oil markets recover on Tuesday
Crude oil markets rallied a bit during the day on Tuesday as we continue to hover around major levels in both grades that we follow here at FX Empire. With that being the case, perhaps production cuts may be able to save these markets that have been beaten down so severely.
Read MoreSilver Price Forecast – Silver markets strengthen on Tuesday
Silver markets rallied significantly during the trading session on Tuesday, as we continue to worry about global concerns and trade wars. Beyond that, there are a plethora of potential landmines out there that could cause issues.
Read MoreS&P 500 Price Forecast – stock markets rally again on Tuesday, but wait…
The S&P 500 rallied during the trading session on Tuesday, as we had formed a nice-looking hammer from the previous session. However, by midday we started to get back quite a bit of the gains, something that isn’t exactly going to inspire a lot of confidence.
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