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Article / Thursday at 14:57 GMTBoth WTI and Brent crude have been on fire lately but how high can they really go? Read on to discover what the charts are telling us about oil.Read the article
Squawk / Thursday at 6:00 GMTAUDUSD Looks Bearish on The Long Run by Gregor Horvat
AUDUSD completed a five-wave overlapping price movement within a higher degree wave C in 2017, which is known in Elliott wave theory as an ending diagonal. We can see that the top was found at the 0.8134 level, and from January of this year, price started to drop drastically. A sharp reversal as in this case is a characteristic of an Elliott wave ending diagonal, which now suggests where the trend can be going. If that is the case, then AUDUSD can be going quite bearish this year.
For the full article go here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/audusd-looks-bearish-on-the-long-run/
Squawk / Thursday at 5:43 GMTUSDCHF - Capped by key Average
In line with yesterday's call, initial price action saw 3 days of losses deepen. USDCHF moved to within 4 pips of our 2nd downside target but the latter part of Wednesday saw sentiment reverse. The subsequent strong bound from below .9900 took the currency pair back to the 13 day mvg avg and ended a sequence of 3 down days. The average held though and the underlying negative tone has reasserted in Asian trading.
We look to Sell in .9930/35 area and any .9961 rally.
The stop is .9991 bid and downside targets are .9915, .9894 and .9868
Squawk / Monday at 7:44 GMTCan Corn Keep Climbing? by Stephen Pope
Commodities in the grain complex have moved higher
China was ending penalties against imports of U.S. grains
After the 30-minute measure, technicals all look highly positive
Corn looks set to make steady gains, extending the recent run higher
See the full article here: https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/can-corn-keep-climbing/
Squawk / Monday at 5:46 GMTEURUSD and GBPUSD intermediate-term bearish trends look to extend
The US Dollar has seen a corrective setback and consolidation earlier in May, but through mid-month the greenback has seen a renewed strengthening against major G10 currencies (driven by higher US Treasury yields and an anticipation of a more hawkish Federal Reserve).
In our article published 10th May we highlighted a GBPUSD intermediate-term Double Top with the plunge through 1.3710, which has been reinforced by subsequent bearish price action.
In addition, EURUSD has contoured to selloff, reinforcing the prior break below 1.2153, that shifted the intermediate-term trend to bearish (again highlighted back on 10th May) and we expect further EURUSD FX rate downside pressures into latter May.
See the full article here: https://www.forextraders.com/forex-charts/technical-analysis/eurusd-and-gbpusd-intermediate-term-bearish-trends-look-to-extend/
Squawk / 16 May 2018 at 16:15 GMTTECHNICAL OUTLOOK - GBP/USD has support at 1.3459 but momentum is showing a bearish bias. Hence, a break below 1.3459 to open 1.3400. While above 1.3459 we see a bounce to 1.3545
Video / 16 May 2018 at 7:47 GMT
Technical analysis – A view of the market: LarssonKim Cramer LarssonTopics covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include the S&P 500, the Nasdaq, the Dax, the FTSE and the Hang Seng.
Video / 15 May 2018 at 7:46 GMT
From the Floor: 'US 10-year yield is absolutely critical – watch it'#SaxoStratsThe US dollar has pounded higher again on the back of Trump's apparent climb-down on China trade as well as rising US bond yields. This is bad news for equities, especially those in emerging markets, and it's also bad for EM currencies especially in Argentina and Turkey.
Squawk / 15 May 2018 at 7:01 GMTOil prices suddenly look beautifully bullish by Stephen Pope
Crude has spiked 19% this year, to prices unseen since late 2014
Iran produced 5.1% percent of the world’s total crude oil
Focus in the oil market will remain on geopolitical tension in the Middle East
After President Trump withdrew the U.S. from the Iranian nuclear agreement
Prices are set to advance over the summer into Q3
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/oil-prices-suddenly-look-beautifully/
Squawk / 15 May 2018 at 5:40 GMTEURUSD and GBPUSD intermediate-term bear trends
Although the US Dollar strengthening theme that has been evident from mid-April has paused in the wake of US CPI data into mid-May, the underlying US$ bullish intermediate-term outlook remains intact.
In our article published in late April titled “GBPUSD bull trend questioned; EURUSD downside range risks” we highlighted downside risks for GBPUSD and EURUSD.
The late April EURUSD plunge through 1.2153 signalled an intermediate-term bear trend.
For GPUSD, the early May selloff through 1.3710 completed an intermediate-term Double Top and intermediate-term bear trend.
See the full article with video analysis here: https://www.forexfraud.com/technical-analysis/eurusd-and-gbpusd-intermediate-term-bear-trends