Weekly Technical Forecast: The US Indices Rally Stalled, Oil’s Tumble Continued, EURUSD Weighs a Key Level
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Australian Dollar Forecast: AUD/USD Bullish Breakout Attempt Fell Short, AUD/JPY Risks Falling
The attempts in AUD/USD and AUD/JPY prices to overturn their dominant downtrends did not seem terribly convincing, especially AUD/JPY which may see its next leg as a descent.
British Pound Forecast: Searching for Direction
Even as the British Pound has outperformed its contemporaries in recent weeks, there’s no legitimate reason for gains besides hoping for a ‘soft Brexit’ deal emerging. Progress has been uneven to say the least, and so while many GBP-crosses may be in the clear at present time, it’s worth handicapping any expectations with the pragmatic understanding that directional moves could be reversed upon unexpected news flow.
US Dollar Forecast: Dollar Attempting Another Ill-Fated Charge to Make a Bull Trend Stick
The Dollar is within easy reach of a more-than-year high in the DXY Index and EURUSD. Do these benchmarks offer a more reliable signal than the strained conviction in other measures?
Equity Forecast: Dow, S&P 500, FTSE 100, DAX and Nikkei
Global equities spent the first portion of the week recovering from the October sell-off. But the past two trading days havent' been so convincing.
Euro Forecast: Euro 11300 Level Matters, a Lot
Last week, the Euro attempted to rally but found stiff opposition; this has the increasingly important 11300 level back in focus and it matters in a big way.
Gold Forecast: Budding Breakout Caught at Range Support?
Gold posted its worst week since August with price sitting on a key inflection zone. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.
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