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Australian Dollar Forecast –GBPAUD Eyes Brexit Referendum Levels. AUDUSD, AUDJPY May Breakout
The aggressive rally in GBP/AUD may pause after failing to breach 2016 Brexit Referendum levels. Meanwhile, the reversal patterns in AUD/USD and AUD/JPY continue to brew.
Oil Forecast–Trump's Tweet Sees Bulls Rush In
Crude oil dropped on a single tweet by US President Trump, but crude traders were not dismayed as price jumped back again on news of OPEC discipline and US crude imports fell.
British Pound Forecast – GBP Slipping But Still Positive
Sterling-pairs are set to end the week in positive territory but off their best levels with further losses likely to be capped.
US Dollar Forecast – Dollar Forces EURUSD Break of Least Resistance, Other Crosses Loaded
From the DXY Dollar Index, this past week ended with a break following a path of least resistance. Yet, when we look at pairs other than the heavily-weighted EURUSD, there is more technical leverage at play.
Euro Forecast –Reversal, Price Pattern Point to Selling
The Euro posted a key reversal day on Thursday and then snapped a rising wedge formation, this has focus in the week ahead on lower prices.
Equity Forecast – Technical Outlook: S&P 500, DAX
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S&P 500 upside remains capped at 2800, while DAX eyes further gains towards psychological 12000 level.
