Gold Fundamental Forecast: Bullish Talking Points: Gold price notches its first weekly decline in over a month US-China trade war developments boosted risk-on sentiment Strong US manufacturing data pushed the USD higher despite Fed turning Dovish The price of Gold has stumbled lower over the last week as risk-on sentiment caused fading investor demand for […]

MARKET DEVELOPMENT – GBP REJECTS 1.30, EUR LOOKS TO ECB, TRADE WAR OPTIMISM RETURNS USD: With the US set to have an elongated weekend with MLK day on Monday, price action in major G10 currencies has been somewhat calmer with little short-term drivers for now. Overnight reports via WSJ stating that US Treasury Secretary Mnuchin […]

US-China trade talks back in focus. Daily USDJPY chart giving little away. Q1 2019 Trading Forecasts including USD and JPY. USDJPY Pushes Higher on US-China Tariff Push Back News out late Thursday that US Treasury Secretary Steve Mnuchin was considering easing tariffs on Chinese imports sent risk markets higher, dragging the risk-averse Japanese Yen lower. […]

Originally posted by Darkstar at Forex Factory. Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading. ________________________________________________________________________________________________________ There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about […]

TALKING POINTS – US DOLLAR, CONSUMER CONFIDENCE, YEN, TRADE WAR, NOK US Dollar may rise on soggy UofM consumer confidence data Yen lower as trade war de-escalation hopes lift APAC bourses Norwegian Krone gains as Prime Minister shores up coalition The University of Michigan measure of US consumer confidence stands out on an otherwise dull […]

Canadian Dollar Talking Points USD/CAD holds a narrow range following the failed attempt to test the December-low (1.3160), but recent price action raises the risk for a further decline in the exchange as a bear-flag appears to be taking shape. USD/CAD Bear-Flag Continues to Take Shape Amid Cautious Fed Rhetoric The recent rebound in USD/CAD […]

Talking Points: – The key Brexit vote on Tuesday could very well set the UK back on the path towards a general election, as well as unwinding the decision to Brexit altogether. – Significant US economic data won’t be released this week as the US government shutdown has shuttered the doors at the Bureau of […]