We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Preview of my piece previewing Europe/US ⬇️ https://t.co/hVYqYLVQaq
  • US-China tensions remain, #ECB stands ready to expand QE purchases, EU-UK trade talks in focus. Get your #equities market update from @JMcQueenFX here: https://t.co/hKLNJKqMoz https://t.co/h45Cngonhw
  • #Gold has a short-term bullish set-up that may play nicely with USD weakening. The longer and shorter-term path of least resistance remains higher. Get your $XAUUSD technical analysis from @PaulRobinsonFX here:https://t.co/6gt3F9LuGP https://t.co/CR4z6lul34
  • AiG Manufacturing Index (May): 41.6 vs 35.8 prior. Factory sector shrank for a second consecutive month, but at a slower pace than April. #AUDUSD
  • US equity futures pointed lower along with cycle-sensitive AUD and NZD while anti-risk #JPY and #USD are edging higher. Possible catalysts are protests in American cities combined with tension between the US and China over Hong Kong.
  • Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX! https://t.co/lxd5fZnn4H
  • (Weekly Fundamental Outlook) The medium-term #gold outlook still seems favorable as the #Fed, ECB and more keep rates around 0. Immediate event risk ahead includes the RBA and BoC interest rate decisions, US jobs data and #Brexit talks #XAUUSD - https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/05/30/Gold-Prices-Face-RBA-BoC-ECB-US-Jobs-Data-and-Brexit-Talks.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/m8sRNc4L5H
  • U.K. Eurozone Czech Poland Germany Italy France Spain Indonesia Hong Kong Singapore Japan Unemployment stats: US Eurozone
  • Hello there, traders! Heads up: we have got a data-packed week ahead of us. Here are the highlights: Central bank rate decisions: - BOC - ECB Markit PMI data out of: China US Vietnam Malaysia South Korea Philippines Thailand Taiwan India Turkey (continued⬇️)
  • The European Commission proposed an ambitious recovery fund, containing the key parts of the Franco-German aid package with grants at EUR 500bln and loans at EUR 250bln. Get your $EURUSD update from @JMcQueenFX here: https://t.co/LmIaveRajb https://t.co/LWTBVLIDBf
First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

Share:

The fourth quarter of 2018 produced key technical progressions in stocks, bonds, currencies, and commodities, setting up what should be a significant first quarter of 2019. Key technical developments such as the violent crash of energy prices, the sharp uptick in volatility in global equity markets, the potential reversal in precious metals, among others, will continue to produce opportunities across asset classes.

See all of the DailyFX Trading Guides from the Quarterly Forecasts to the Top Trading Opportunities, How to Trade Event Risk, Building Confidence in Trading and so much more.

First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

Fading Excitement Leads to Range as US Dollar Bulls Shy Away from 98.00

For the 2019 open, the backdrop may be a bit more accommodating for a return of that prior theme of weakness in the currency. This is an environment that can keep FOMC policy in focus as the bank has recently started to slow projections for future rate hikes.

Despite Year-End Losses, Near-term Gains Not Out of the Question for the Euro

Since its low from mid-August 2018, EUR/USD has been locked in a sideways correction. This sideways correction appears incomplete so be mindful of a strong move higher to clean the chart congestion out.

GBP/USD Shows Little Sign of Relief from Bearish Pressure

As we look towards the opening quarter of 2019, focus will continue to fall on Brexit and until these risks dissipate, volatility may indeed persist. Brexit uncertainty keeps focus on that 1.2500 level, whereby a firm break below could see a new range of 1.2000-1.2500 throughout the quarter.

Why USD/JPY Prices Might Fall in Q1 2019

Prices failed to push above the horizontal range of resistance between 114.37 and 114.73 outlined in the Q4 2018 forecast. This area is created by combining the highs achieved in May, July and November 2017. This leaves USD/JPY facing the threat of reversing upside progress achieved over most of last year.

WTI Crude Price Range at Best, Bear Breakdown at Worst

Technically, only a break above the cloud that stretches from $53-$60 would shift the view from neutral at best or bearish at worst in a similar vein of 2014 to neutral. Until then, the focus remains sideways or down.

Pullback to Offer Opportunity in Early 2019

The recovery in Gold prices continued in the fourth quarter of 2018 after rebounding off confluence support near 1171 back in August. As traders make their way into the first quarter of 2019, interim support rests at 1236 backed by the December open at 1220.

Stocks May Rebound but Any Rally Not Expected to Last

Last quarter, the scene for stocks got progressively uglier, highlighted by an unusually weak December. In 2019, expectations are for the S&P 500 to suffer significant losses at some point, after having completed a five-wave bullish sequence off the 2009 low.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.