17 September 2018
Inflation and the EUR in Focus, as Trade War Jitters Linger
Economic data could take a back seat through the day, the markets more eager to see whether there is a green light for U.S – China trade talks.
Read MoreNZD/USD Forex Technical Analysis – Trade Through .6596 Confirms Weekly Closing Price Reversal Bottom
Based on last week’s price action, the direction of the NZD/USD will be determined by trader reaction to last week’s high at .6596 and a short-term downtrending Gann angle at .6607.
Read MoreEUR/USD Daily Price Forecast – EUR/USD Moves below 1.165 Handle on News of Trump’s Tariffs
US dollar to rule the roost amid renewed US-Sino trade concerns, better US retail sales.
Read MoreBitcoin Cash, Litecoin and Ripple Daily Analysis – 17/09/18
It’s been a mixed start to the day, the majors giving up gains from earlier in the day, key levels needed to be held on to in support of an afternoon rally.
Read MoreBitcoin – Bitcoin Bucks the Trend Early. Will Institutional Money Help?
Bitcoin sees red early, giving gains from the start of the day. A move back through to $6,500 will be a must to support an afternoon rebound.
Read MoreGBP/USD Daily Price Forecast – GBP/USD Unlikely to Ride on Greenback’s Momentum amid Brexit Woes
Brexit headlines to run the GBP’s week as Tories approach a vote on PM May’s Brexit plan.
Read MoreDASH Technical Analysis – Eyes Resistance Levels – 17/09/18
It’s a bullish start to the day, with DASH breaking through the first major resistance level, the bulls now eyeing $200 levels.
Read MoreUSD/JPY Forex Technical Analysis – Strengthens Over 112.085, Weakens Under 111.770
Based on last week’s price action and the close at 112.072, the direction of the USD/JPY this week is likely to be determined by trader reaction to the downtrending Gann angle at 112.085. Basically, look for a strong upside bias to develop on a sustained move over the downtrending Gann angle at 112.085. A strong downside bias is likely to develop on a sustained move under the uptrending Gann angle at 111.770.
Read MoreDAX Index Price Forecast – DAX Expected To Open Gap Down Owing To Risk Aversion in Equity Markets
DAX futures in international market are impacted by ongoing trade war woes in global market resulting in downtrend movement indicating equity market will open on bearish note today.
Read MoreAUD/USD Forex Technical Analysis – Needs to Confirm Weekly Reversal Bottom to Sustain Counter-Trend Rally
Based on last week’s price action, the direction of the AUD/USD this week is likely to be determined by trader reaction to last week’s high at .7230. The main trend is down according to the weekly swing chart. However, last week’s closing price reversal bottom may be signaling a possible shift in momentum to the upside. A trade through .7230 will confirm the chart pattern and change momentum to up.
Read MoreGold Price Futures (GC) Technical Analysis – Extended Sideways Trade Indicates Investor Indecision, Impending Volatility
Based on last week’s price action, the direction of the December Comex Gold futures contract is likely to be determined by trader reaction to the pivot at $1194.30. Basically, look for an upside bias to develop on a sustained move over $1208.00, and watch for a downside bias to develop on a sustained move under $1184.80.
Read MoreThe Collapse of Lehman Brothers – Ten Years Later
JPMorgan Chase & Co, one of the most well-known U.S. global banking institutions, predicts another financial crisis relatively soon – in fact, two years from now. According to their strategists, investors and other market participants should get ready to see another financial downturn in 2020.
Read MoreBitcoin and Ethereum Price Forecast – BTC Prices Back Into Consolidation
The prices have continued to move in a slow and steady manner over the weekend as the expectations from the market reach an all time low
Read MoreOil Price Fundamental Daily Forecast – Early Trade Suggests Tightening Concerns Driving Price Action
The early price action and the relatively low volume suggests we’re likely to see a rangebound trade today. Traders may be taking a breather from last week’s volatile, two-sided price action. At the start of the session today, the offsetting issues remain the same. On the bullish side, investors are worried about the impact of the U.S. sanctions on oil supply. They are betting that slashing Iran’s exports will cause a tightening in the market. Bearish traders are banking on Saudi Arabia and other non-OPEC producers to make up most of the shortfall from the Iran sanctions.
Read MoreGold Edges Up On Trade War Woes but Firm Dollar Caps Gains
Sino-U.S trade war woes continue to boost US Greenback in broad market which limited gains in dollar denominated precious metals.
Read MoreRand to Remain Volatile this Week, Indian Rupee Declines Towards all-time Lows
Optimism that the moves from both the Central Bank of the Republic of Turkey (CBRT) and Central Bank of Russia (CBR) to raise respective interest rates late last week should provide investors with inspiration to invest in emerging markets is wearing thin at the beginning of the week
Read MoreEmerging Markets Rebound Seems Over, Global Stocks Mostly Lower and Dollar Firms on Renewed Trade Worries
The pressure on the markets increased after reports that the U.S. intended to announce the introduction of tariffs for the U.S. goods up to 200 billion as early as on Monday. China threatens to abandon the negotiations announced last week, in case of new tariffs.
Read MorePrice of Gold Fundamental Daily Forecast – Less than 25% Tariff Could Be Supportive for Gold Prices
Bearish gold traders are probably pricing in the full 25% tariff so anything less may encourage them to cover their short-positions. This could drive prices higher today. If Trump hits China with the full tariff then look for weakness today.
Read MoreNatural Gas Price Fundamental Daily Forecast – Quick Restoration of Power after Hurricane Could Fuel Short-Covering Rally
If we assume that some of the heavy selling pressure we saw on Friday was due to speculation that the hurricane would lead to a prolonged period of low demand, then the quick restoration of power in some areas is likely to trigger a short-covering rally today.
Read MoreEUR/USD Mid-Session Technical Analysis for September 17, 2018
Based on the early price action, the key area to watch is the Gann Angle/50% price cluster at 1.1626 to 1.1625. Early in the session, the EUR/USD tested this area. A sustained move over 1.1626 will indicate the presence of buyers. If this move gains enough traction then look for a minimum test of 50% of the break from 1.1723 to 1.1618. This intraday target is 1.1671.
Read MoreUSD/CAD Daily Price Forecast – USD/CAD Range Bound as USD Failed To Breach Resistance at 1.3050 Handle
Bullish oil prices underpin Loonie and keep a lid on any further up-move, while a subdued USD price action does little to provide any meaningful impetus.
Read MoreDAX defended the neckline
Read MoreWeekly Forex Outlook: September 17-21
In this video, we’ll go through the key topics for Forex trading. You will learn what’s happening to the major currencies and get ready for trading during the new week
Read MoreCan Gold Investors Hope for A Rally?
Gold is considered by traders as a safe haven that rises in times of uncertainties. However, as we can see, the gold market was depreciating despite trade wars tensions, Brexit issues, Turkish lira’s fall, and geopolitical tensions. Can gold rise again?
Read MoreCrude Oil Price Update – Testing Key Short-Term Retracement Zone at $69.34 to $69.71
Based on the early price action, the direction of the November WTI crude oil futures contract on Monday is likely to be determined by trader reaction to the resistance cluster at $69.34 to $69.39. Basically, the market is testing a key short-term retracement zone. Trader reaction to this zone will set the near-term tone. Look for a bullish tone to develop on a sustained move over $69.71 and for a bearish tone to develop on a sustained move under $69.34.
Read MoreBitcoin Trading Strategies
To increase your chances for success, you have to be systematic. In this article, we present 2 strategies that will help you gain an edge in trading Bitcoin.
Read MoreTrading Gold is a Hot Topic Today. What`s the Point?
In this article, we will highlight the main factors that influence gold prices together with the most widely used trading methods and winning strategies.
Read MoreHow to Trade with Trailing Stop Orders
A trailing stop order is a risk management technique where your stop loss level trails the current market level by a specific percent or value. How can you use a trailing stop order to maximize your profits and minimise your losses?
Read MoreEUR/USD Is Neutral
The market will be focused on the trade war between the US and China, as the US may announce new customs duties as early as this Monday, which may make China refuse the scheduled trading terms talks.
Read MoreGold Edges Up, Dollar Softens while Pound Holds above $1.30
It has been a fairly cautious start to a busy trading week with movements observed across currency and stock markets somewhat muted as investors remained on the side-line
Read MoreE-mini S&P 500 Index (ES) Futures Technical Analysis – September 17, 2018 Forecast
Based on the early price action, the direction of the September E-mini S&P 500 Index the rest of the session is likely to be determined by trader reaction to a downtrending Gann angle at 2905.50.
Read MoreWill China Retaliate by Attacking U.S. Manufacturing Supply Chains, or Start “Trade Cold War” with Silence?
According to The Wall Street Journal, one senior Chinese advisory official said China would not negotiate “with a gun pointed to its head”. That sounds like a sensationalistic statement. However, it actually signals a major escalation in the trade crisis because in April, a similar official said China would not conduct talks “under these conditions”.
Read MoreChinese Yuan Shows Resilience, Despite Emerging Markets Pressured by Trade Concerns
Conflicting indications over the status of trade talks between the United States and China has contributed towards a subdued opening of the week for financial markets
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