Signal_Centre

Signal_Centre Updated 

USDCAD - Weekly Outlook Selling in front of 1.3618 (stop at 1.3698) The monthly chart posted a bearish Outside Candle in November. This formation often indicates the end of a trend and the start of a new downward bias. Although we have posted two days of net gains, the upside rally lacks momentum. Resistance is located at 1.3618. Previous support now becomes...

Signal_Centre Updated 

EURUSD - Weekly Outlook Buying Dips in front of 1.0763 (stop at 1.0663) Last week's price action posted a bearish Outside Candle. This formation is negative for short-term sentiment. However, the previous swing high from November 6 is located at 1.0756. What was resistance, now become support. Although the anticipated move higher is regarded as corrective,...

Signal_Centre Updated 

AUDUSD- Weekly Outlook Buying Dips in front of 0.6540 (stop at 0.6500) Prices traded lower on a dovish RBA meeting early today, and a risk-off sentiment pushing stocks and risk-sensitive assets, such as AUD, lower. Investors are eyeing high-impact US events today, ISM Services PMI and JOLTS Job openings. The broad bias is bullish, as prices printed a bottom in...

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USDJPY - Weekly Outlook Selling in front of 148.30 (stop at 150.30) Strong selling pressure from the 151.91 swing high resulted in both the weekly and monthly charts posting bearish Outside Candles. This has resulted in the immediate bias being negative. Although the last two days have witnessed dips being bought, there is no clear indication of a change in the...

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GBPUSD - Weekly Outlook Buying in front of 1.2470 (stop at 1.2340) The monthly chart has posted a bullish morning doji star pattern. This free candle formation is bullish for sentiment. Although we have seen a move to the downside, price action has been mixed and volatile. This is common in corrective formations. There is scope for further losses, but we look...

Signal_Centre Updated 

Gold - Weekly Outlook Buying Dips in front of $2,016 (stop at $1,966) Continued buying pressure resulted in Gold breaking the previous high of 2075 and trading to a record 2145. Strong selling pressure resulted in all the initial daily gains being overturned while posting a bearish Outside Candle on the daily chart. Although this formation will often highlight...

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USDCHF - Weekly Outlook Selling in front of 0.8800 (stop at 0.8900) The pair has only posted three weeks of mild net gains in the last 10. This highlights the strength of the decline. Although the selloff has stalled at the 61.8% extension level of 0.8665, this is seen as a mere correction before the next decline. Resistance is located at 0.8805. We look to...

Signal_Centre

EURGBP - Weekly Outlook Buying Dips in front of 0.8525 (stop at 0.8485) The strong sell off has resulted in the cross trading to the lowest level in 59 days. Although yesterday's price action broke the sequence of seven negative daily performances, the recovery was mild. Signals for sentiment are now at oversold extremes. With the 88.6% pullback level located...

Signal_Centre Updated 

USDJPY - Weekly Outlook Selling rallies in front of 148.00 (stop at 150.00) 3 consecutive negative days have been noted after price action broke through top-line support of the Ichimoku cloud. Momentum remains strong and further downside is expected. The 61.8% Fibonacci retracement level is at 142.80. As we are trading at oversold extremes, a higher correction...

Signal_Centre Updated 

EURUSD - Weekly outlook Dip buying in front of 1.0900 (Stop at 1.0820) Continued upward momentum from 1.0825 resulted in the pair posting net daily gains yesterday. Bullish momentum continues to dominate and the upward move is expected to continue. Trading above the Ichimoku cloud. Continued dollar weakness looks set to continue. Targeting a move to 1.0995,...

Signal_Centre Updated 

GBPUSD - Weekly Outlook Dip buying in front of 1.2470 (stop at 1.2350) Consecutive positive days have been noted after price action found support at the previous resistance level (1.2380) and the Ichimoku cloud. Momentum remains strong and further upside is expected. The 61.8% Fibonacci retracement level is at 1.2720. As we are trading at overbought extremes, a...

Signal_Centre Updated 

XAUUSD - Weekly Outlook Selling rallies in front of 2009 (stop at 2025) Price action is stalling close to the October swing high(2009). Momentum has been strong over the last 2 weeks, however, the dollar sell-off has stalled and prices are reacting higher which could have a negative impact on XAUUSD. The 78.6% Fibonacci retracement at 2012 as well as the...

25:51

Signal_Centre

Good morning and welcome to episode 884 of ‘Talking Bull’. BoE Hikes rates to 5.25% UK yields retreat US services-sector growth moderates Jobless claims edge higher Dollar retreats from 4-week highs Swiss inflation edges lower Saudi production restrain

22:55

Signal_Centre

Good morning and welcome to episode 883 of ‘Talking Bull’. Strong US ADP jobs data Risk appetite slides Record US crude inventory draw Dollar posts 3-week highs Some relief from Chinese data Bank of England decision US ISM services data

27:07

Signal_Centre

Good morning and welcome to episode 882 of ‘Talking Bull’. Euro-Zone core inflation unchanged Increase in UK mortgage approvals Fed reports weaker credit demand RBA leaves rates on hold Weaker Chinese data US ISM manufacturing data Tuesday US JOLTS data

40:26

Signal_Centre

Good morning and welcome to episode 880 of ‘Talking Bull’. Fed hikes by 25 basis points Powell emphasises that data is crucial Markets back no further rate hikes Dollar marginally lower ECB decision Thursday US data due Thursday Bank of Japan decision

32:41

Signal_Centre

Good morning and welcome to episode 875 of ‘Talking Bull’. US consumer confidence strengthens US yields edge higher, dollar recovers slightly Mixed Chinese data Fed in blackout period Fresh surge in long GBP positions UK inflation data this week

28:28

Signal_Centre

Good morning and welcome to episode 873 of ‘Talking Bull’. German ZEW index retreats Stronger Chinese loan growth Risk appetite improves Dollar retreats further RBNZ on hold Key US Consumer prices data. Bank of Canada rate decision.