The markets seem to be awash in speculative enthusiasm. Risk-leaning assets like equities and crude oil marked meaningful advances this past week, but the breadth out to carry trade and even the Dollar as a carry currency speaks to the depth of the march. Yet, the threat of stall and reversal seems to dog a ‘recovery’ effort that has covered much of the easy-to-traverse technical field
Australian Dollar Forecast: AUD/USD Outlook Mixed, AUD/NZD and GBP/AUD Flirt with New Trends
The Australian Dollar technical outlook versus the US Dollar, New Zealand Dollar and British Pound is analyzed. AUD/USD choppiness may end while AUD/NZD, GBP/AUD face new trends.
Oil Forecast: Crude Oil Prices Hit Fresh 5-Month High with Eyes Glued on Dow and Risk
US crude oil prices put in for another impressive 5 percent climb this past week. That ups the tally for consecutive bullish weeks to five – matching the longest stretch in three years. How steady is this trend?
British Pound Forecast: GBPUSD & EURGBP Trends Creaking
The 2019 dominant trends for both GBPUSD and EURGBP are under pressure and short-term price action must be watched carefully for any reversal or follow-through signals.
US Dollar Forecast: Can USD Bulls Post a Breakout?
US Dollar strength has held into Q2, and the ascending triangle continues to highlight USD’s longer-term congestion. Is this the week that USD bulls finally make push?
Gold Forecast: XAU in Search of Support into 2019 Low
Gold is virtually unchanged on the week but remains vulnerable to further losses early in the month. These are the levels that matter on the XAUUSD weekly chart.
Equities Forecast: S&P 500, DAX, FTSE 100
DAX sees strongest performance since Q4 16, S&P 500 eyes 2900, while FTSE looks to key resistance.
