3 December 2018
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 03/12/18
The crypto majors get hit in the early hours of Monday eating into any gains made last week to resume the bearish sentiment from November.
Read MoreMonero Technical Analysis – Support Levels in Play – 03/12/18
Support levels are tested early as Monero’s XMR takes a tumble alongside the rest of the majors, making the day ahead a tricky one for the bulls.
Read MoreBitcoin – A Positive Week Wiped Out as the Bitcoin Bears Fight Back
The news wires hit the cryptomarket this morning, leaving Bitcoin to call on sub-$4,000 support levels, last week’s gains wiped out in a matter of hours.
Read MoreEUR/USD Price Forecast – EUR/USD Opens Positive Following Positive Headlines Surrounding Sino-U.S. Trade Talks Over Weekend
US-China trade truce has put a bid under risky assets.
Read MoreGBP/USD Price Forecast – Sterling Opened Positive for the Week on New of Sino-.U.S. Trade Truce
This weekend’s G20 summit did little to ease bearish pressures on the GBP/USD as upward momentum influenced by news of Sino-U.S. trade truce was capped by renewed Brexit woes.
Read MoreAUD/USD and NZD/USD Fundamental Daily Forecast – Aussie, Kiwi Surge on U.S.-China Trade Truce
Traders should keep an eye on commodity prices. The progress on U.S-China trade relations and a weaker U.S. Dollar could provide some support to commodity prices. This could turn out especially beneficial for the Australian Dollar.
Read MoreDax Index Daily Price Forecast – DAX Index To Trade Positive Across the Day On Positive Investor Sentiment & Increased Risk Appetite
Dax is expected to open positive and maintain steady upward price action supported by increased risk appetite and positive investor sentiment.
Read MoreUSD/JPY Fundamental Daily Forecast – Could Consolidate Ahead of Powell’s Testimony, NFP Report
The early price action suggests we could see consolidation as investors try to figure out how to play the market. Furthermore, traders may not make a move until after Powell testifies before the Joint Economic Committee of Congress later this week.
Read MorePrecious Metals On Bull Run Following Sino-U.S. Trade Truce
Trump and Xi agree on 90-day trade truce to negotiate trade terms and resolve misgiving which resulted in US Greenback moving lower across the board boosting demand for precious metals that are cheap given their huge decline over past few months on Strong US Greenback.
Read MoreMarkets Respond to the Trade War Truce, the Greenback the Early Victim
The Aussie Dollar bounces early on the news of a trade war truce, with yields on the rise, the markets unlikely to be paying too much attention on the data.
Read MoreTemporary Trade Truce Provides Additional Boost to Risk
The two-hour dinner between senior authorities from both the United States and China, including President Trump and President Xi, that led to the announcement of a temporary trade truce was of greater importance than the G-20 communique
Read MoreGlobal Markets Surge on Trade Truce Hopes
All of the currencies in the APAC region are trending higher against the Dollar, with the exception of the Indian Rupee that has declined 0.6% at time of writing as a result of local data missing expectations
Read MoreTrading plan for December 3
Learn how to trade AUD/USD, NZD/USD, Brent, WTI, and USD/CAD on December 3.
Read MoreOil Price Fundamental Daily Forecast – WTI Trend Changed to Up, Focus Shifts to OPEC Meeting
The focus now shifts to a meeting by OPEC on December 6. At the meeting, the cartel, along with non-OPEC member Russia, is expected to announce cuts aimed at stabilizing prices and reining in production. Traders are expecting a reduction of 1 million-1.4 million bpd.
Read MorePrice of Gold Fundamental Daily Forecast – Weaker Greenback Will Increase Demand for Dollar-Denominated Gold
Gold is likely to be underpinned today by the weaker U.S. Dollar, however, gains could be capped by rising Treasury yields and a sharp rise in U.S. equity markets.
Read MoreUSD/CAD Daily Price Forecast – USD/CAD Falls Sharp On Hike in US Crude Oil Price
The latest positive trade-related development keeps exerting pressure on the USD while surging oil prices underpin Loonie and further collaborate to the heavy selling bias.
Read MoreNatural Gas Price Fundamental Daily Forecast – Weather Inconsistencies Leading to Rangebound Trade
The fact that January Natural Gas is trading inside a 50% to 61.8% retracement zone suggests trader indecision. This is probably being fueled by inconsistencies in the weather forecast.
Read MoreBitcoin And Ethereum Daily Price Forecast – Volume Activity Indicates Increase in Demand For BTC Despite Fall in Value
Bitcoin Above $4000 as volume activity indicates support for the progenitor of crypto currencies ahead of debut of crypto 2.0 futures in NASDAQ
Read MoreQuestions that will Lead you to Win Trades
When a person comes to a market, he/she has many questions: how to start trading, how to open an account, which strategy to choose, what indicators to use and more
Read MoreEUR/USD Mid-Session Technical Analysis for December 3, 2018
Based on the early trade and the last price at 1.1335, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the 50% level at 1.1345.
Read MoreWeekly Forex Outlook: December 3-7
On Tuesday, we anticipate a rate statement from the Reserve Bank of Australia. Although the interest rate won’t change, the comments of the central bank will drive the Australian dollar
Read MoreE-mini S&P 500 Index (ES) Futures Technical Analysis – December 3, 2018 Forecast
Based on the early price action, the direction of the December E-mini S&P 500 Index is likely to be determined by trader reaction to the main Fibonacci level at 2815.75.
Read MoreThe Demand for Risky Assets Has Risen Sharply Thanks to China and the U.S.
It seems that investors preferred to focus on the positive signals and in particular, on the fact that there will be no new tariffs in the next three months. Globals stocks soar and the U.S. dollar has been languishing at lower levels.
Read MoreIs the Well-Known Christmas Rally Going to Occur This Year As Well?
Stocks soared across the globe on Monday as Trump and Xi managed to calm the markets at their weekend meeting with a 90 days truce in their trade conflict.
Read MoreTrade Truce Lifts Equities, Miners Stocks Up 4%, Dow Surges 450 Points
The US futures market indicated a strongly positive open for the major indices on Monday morning. Mining and auto stocks were up more than 4% at midday in the EU. Asian markets were up across the board as news of a truce between Chinese President Xi Jinping and US President Donald Trump swept through the market.
Read MoreAUD/USD Price Forecast – Australian dollar levitates
The Australian dollar levitated a bit during the trading session on Monday, as the United States and China decided to slow down trade tariffs over the weekend. This obviously has a massive influence on risk appetite, and obviously the Australian dollar.
Read MoreEUR/USD Price Forecast – Euro rolls over
The Euro initially tried to rally during the trading session on Monday as we came back to work, struggling at the 1.1352 level to roll over again.
Read MoreGBP/JPY Price Forecast – British pound continues to struggle
The British pound initially tried to rally to kick off the Monday session, as the cease-fire between the Americans and the Chinese as far as the trade war is concerned had people who are trying to go “risk on.” However, with the Brexit going on at the same time, this was always going to be difficult to maintain.
Read MoreGBP/USD Price Forecast – British pound sits on major support
The British pound initially tried to rally in the “risk on” attitude that we had formed after the Americans and the Chinese called a bit of a cease fire in the trade war. Overall, I think that we are getting ready to break down major support though, so that could signify the next major move.
Read MoreUSD/JPY Price Forecast – US dollar continues to grind
The US dollar continues to grind against the Japanese yen, as we struggle at the ¥114 level again. At this point, I think that although this pair is rather bullish overall, there are a lot of sellers just above.
Read MoreGold Price Forecast – Gold markets rally to kick off week
The Gold markets rallied quite nicely to kick off the week as the Americans and the Chinese have decided to call a cease-fire in the trade war. This has a bit of a “risk on” attitude in the markets, which of course helps the Gold markets as it hurts the US dollar.
Read MoreNatural Gas Price Forecast – natural gas markets are jittery to open week
Natural gas markets fell significantly on Monday to kick off the week, as crude oil markets rallied. Quite often, they move in opposite direction so it makes sense.
Read MoreCrude Oil Price Forecast – oil markets kick off the week bullish
Crude oil markets rallied initially on Monday, reaching to much higher levels as several bits and pieces of news are pushing markets around. OPEC is meeting just around the corner, and of course Qatar now looks ready to leave OPEC.
Read MoreSilver Price Forecast – Silver markets launch higher for Monday
As the Americans and the Chinese have decided on the cease-fire in the trade tariff war, riskier assets have got a bit of a bid during the day on Monday as we came back to work. However, there are major resistance barriers just above.
Read MoreS&P 500 Price Forecast – stock markets gapped higher to kick off week
The stock markets gapped higher to kick off the week on Monday, reaching towards the recent highs. We pulled back from there to form a less than impressive candlestick, so I think that we may need to pullback to fill the gap rather soon.
Read MoreEUR/USD Monthly Forecast – December 2018
The pair is expected to move trapped inside wider price band limitations with only exception being Brexit related headlines that has potential to break the pair outside of price band limitations.
Read MoreGold Monthly Forecast – December 2018
Gold gained positive price action following successful Sino -U.S. trade talks that ended on 90 day truce resulting weak USD and increased demand for Spot Gold. Investors now await FOMC forward guidance and update on geo-political events for direction cues.
Read MoreOil Monthly Forecast – December 2018
Crude Oil price action continues to be driven by supply and demand data and investors await OPEC summit outcome for directional cues as production cut agreement will likely boost price of crude oil in broad market.
Read MoreDollar Softens on US-China Trade Truce; Gold Glitters into December
This welcome development is already reducing appetite for the Dollar while emerging currencies and riskier assets are benefiting from the improving market mood
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