Trading Outlook for EUR/USD, USD/JPY, EUR/CAD, Gold Price & More
The Euro is looking lower after support break, USD/JPY has big resistance ahead, EUR/CAD set-up coming to light, while gold test important channel support.
News
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EUR/USD: 63% of Retail Traders are Long, Despite YTD lows
Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.
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GBP/USD Sentiment is Unable to Provide a Clear direction
The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.
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USD/JPY: Weekly Short Positions Increase 23% Leading to a Bullish Bias
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.
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NZD/USD Technical Analysis: NZ Dollar Rally Ready to Resume?
The New Zealand Dollar may struggle to find upside follow-through against its US namesake despite seemingly bullish near-term technical positioning.
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USD/MYR May Drop Next as Dominant Trends in IDR and PHP Continue
Multiple bearish signals in USD/MYR warn that that Malaysian Ringgit may appreciate against the US Dollar next. Meanwhile the dominant trends in USD/IDR and USD/PHP may continue.
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XE Market Analysis: North America – Nov 13, 2018
The Dollar, after rallying to fresh trend highs yesterday, has corrected some today. EUR-USD settled near the 1.1250 level after printing a 17-month low at 1.1215 late yesterday. USD-JPY recouped to 114.00 area after printing a low at 113.58 during the Tokyo AM session. The Yen weakened concomitantly with a rally in Chinese equity markets […]
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XE Market Analysis: UK and EU officials Burning the Midnight Oil to Solve Brexit Enigma
OVERVIEW The Dollar Index is slightly lower on profit-taking activities GBP is up 0.8% against the US dollar after UK and EU officials are (reportedly) close to agreeing on a deal NYMEX WTI Crude falls again, down to trade near $58.80 a barrel HIGHLIGHT
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XE Market Analysis: Asia – Nov 13, 2018
The DXY pulled back from its 17-month high of 97.69 posted on Monday, bottoming at 97.08 into the London close on Tuesday. Profit taking appeared to be behind much of the Dollar’s declines, as there was little in the way of data to move the market. EUR-USD topped at 1.1294 from opening levels near 1.1255. […]
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Asia's weakening economies, record supply threaten to create oil glut
SINGAPORE (Nov 14): Oil traders’ worries over record supplies arriving in Asia just as the outlook for its key growth economies weakens have pulled down global…
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A case over identification of jewellery
KUALA LUMPUR (Nov 14): The government has until May 2019 to verify whether 44 pieces of jewellery worth US$14.79 million (about RM60 million) which were…
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PM Mahathir rejects claims RM30b payout will affect Petronas operations
SINGAPORE (Nov 14): Prime Minister Tun Dr Mahathir Mohamad rejected claims that Petronas’ RM30 billion special payment to the government would affect its operations. “Petronas wouldn’t…
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Rosmah leaves MACC, to appear in court tomorrow — report
KUALA LUMPUR (Nov 14): Former prime minister Datuk Seri Najib Razak’s wife Datin Seri Rosmah Mansor left the Malaysian Anti-Corruption Commission (MACC) headquarters in Putrajaya…
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Germany's Merkel sees digital tax proposal by December: media report
BERLIN (Nov 14): German Chancellor Angela Merkel said a European Union digital tax would be proposed at a meeting of EU finance ministers in December at…
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Morgan Stanley : Lower oil bad for Malaysia, good for Indonesia
SINGAPORE (Nov 14): Malaysia could see negative impact from lower oil prices as the 2019 budget had factored in oil at $70 per barrel, Morgan…
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Singapore Airlines finds premium economy a tougher sell on new non-stop U.S. flights
SINGAPORE (Nov 14): Singapore Airlines Ltd is facing no problem selling business class tickets on its ultra-long non-stop flights to the United States but is having to…
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Would-be buyers take heart as Hong Kong property market finally begins to cool
HONG KONG (Nov 14): Potential homebuyers priced out of Hong Kong’s stratospheric property market may now feel more hopeful as housing prices finally begin to…
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Italy sticks to growth, deficit plans in revamped budget, setting stage for EU showdown
BRUSSELS (Nov 14): Italy re-submitted its draft budget for next year to the European Commission with the same growth and deficit assumptions as a draft rejected…
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MACC detains Tengku Adnan
PUTRAJAYA (Nov 14): Former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor was today detained by the Malaysian Anti-Corruption Commission (MACC) after he was…
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