GBP/USD Daily Forecast – Sterling Tumbles to Fresh Six Month Lows Below 1.25

The British Pound is the Weakest Currency in July Thus Far Support at the psychological 1.2500 handle failed to hold GBP/USD higher in the early week as the pair was last seen trading at 1.2464. Much of the decline is…

Fed Speeches are In Focus, While Apple Has Pulled The Markets Down

Corrective pullback is developing on the revaluation of the Fed’s monetary policy.  This report forced market participants to doubt that the Fed would take aggressive measures towards reducing interest rates in July. As a result, key stock indices are losing…

EUR/USD Daily Forecast – Euro Attacks 1.12 Handle

The dollar continues to outperform in the early week, sending EUR/USD to lows not seen since mid-June. The driver for the surge in the greenback is a readjustment of rate cut expectations. With several Fed members scheduled to speak over…

USD/CAD Daily Forecast – Resilient Pair Aiming 1.3133 Key Resistance

The Loonie pair displayed a slight upward movement in the early hours, possessing some slow-growing momentum. The pair quite remarkably breached the 1.3109 resistance mark last touched earlier this month. Ahead of the day, on moving further upwards, the pair…

Will Powell Cause a Market Tantrum?

That is playing out now, with rates and bond traders two or three steps ahead of central banks. With that in mind, I wanted to explore tomorrow’s (midnight AEST) testimony from Fed chair Jerome Powell to the House Financial Services…

Stock Market Cycle Top And Fearless Vix Signal Turning Point

Before we get into the details here I would like to touch on two myths that you as a trader need to know in terms of average profit per trade and the number of trades needed to be highly profitable.…

Monero Technical Analysis – Resistance Levels in Play – 09/07/19

Key Highlights Monero’s XMR slid by 5% on Monday. Partially reversing a 14.2% rally from Sunday, Monero’s XMR ended the day at $101.95. A late morning intraday high $107.66 saw Monero’s XMR fall short of the first major resistance level…

Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 09/07/19

Bitcoin Cash – ABC – Finds Support Bitcoin Cash ABC gained 0.99% on Monday. Following on from a 1.79% rise on Sunday, Bitcoin Cash ABC ended the day at $417.18. A mixed start to the day saw ease to a…

Gold Price Prediction – Prices Trade Sideways but Momentum is Negative

Gold prices moved sideways on Monday as traders continued to absorb the news Friday that US payrolls were stronger than expected. US yields remain buoyed, as traders now await Fed Chair Powell’s testimony in front of Congress this week which…

S&P 500 Price Forecast – Stock markets continue to hover around the highs

The S&P 500 went back and forth early on Monday but ended up selling off a bit as we cannot quite build up the momentum to break out above the psychologically important 3000 handle. If we can break above there,…

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