S&P 500, EURUSD, Oil from Tentative Breaks to Tentative Reversals

S&P 500, EURUSD, Oil from Tentative Breaks to Tentative Reversals


Australian Dollar (AUD) Outlook: AUDUSD Still Looking Into The Abyss?

AUDUSD made a fresh 2019 low this week and with little technical support on the charts another move even lower cannot be discounted. And while the multi-year low a couple of big figures away may not be under threat next week, the RBA rate decision on Tuesday May 7 is likely to prompt volatility.

Euro Weekly Price Outlook: EUR/USD Recovery Could be Short Lived

Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart.

Crude Oil Weekly Technical Forecast: Support May Soon Lead to Rally

Crude oil took a spill last week, but with support at its feet look for it to try and bounce after a bit more weakness first.

US Dollar Price Forecast: Whose Brave Enough To Short DXY in May?

Despite late week volatility after a stellar NFP report, EUR/USD is nearing the lowest levels in two years on the back of US Dollar strength that could extend in the favorable month of May.

S&P 500, DAX, FTSE 100 Technical Forecast

Further gains in store for S&P 500 as index consolidates above 2900, DAX eyes topside resistance, FTSE 100 meets support.

Gold Price Threatens Major Break After Bears Thwarted At Lows

Gold prices remained on the move this week but, no new highs or lows came in. Might Gold prices be nearing a major move as digestion has built inside of digestion?

Pound Surge Has GBPUSD Range to Run, But Resistance Coming in Elsewhere

Pound’s most aggressive rally in three months raises serious expectations that the currency will seriously struggle to meet in the week ahead. Watch for a stall and beware range reversals.

See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.



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