Dow Jones, Nasdaq 100 Await Key Earnings to Drive Price Action

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

A series of upbeat earnings released on Tuesday propelled two of the three major US equity markets to top all-time highs. Wednesday’s reports from the likes of Boeing and Microsoft will be critical for continuation.

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Dow Jones, Nasdaq 100 Await Key Earnings to Drive Price Action

Currency Volatility: AUD and CAD Eyed Ahead of Aussie CPI, BOC Rate Review

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

AUD and CAD currency pairs could experience heightened price action tomorrow as forex traders react to Australian inflation data and the Bank of Canada’s interest rate decision.

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Currency Volatility: AUD and CAD Eyed Ahead of Aussie CPI, BOC Rate Review

US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

The US Dollar has finally scaled-up to a fresh yearly high. But buying pressure dried-up soon after: Can Dollar bulls continue to drive to higher-highs?

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US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD

Gold Price Outlook: XAU Offers a Glimmer of Hope at Fresh 2019 Lows

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

Gold prices halted today’s decline at trend support- so is a near-term bottom in? Here are the targets & invalidation levels that matter on the XAU charts this week.

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Gold Price Outlook: XAU Offers a Glimmer of Hope at Fresh 2019 Lows

Aussie Weekly Price Outlook: AUD/USD Rejected at Resistance

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

Aussie is down more than 1.6% from the April high with price continuing to trade within a critical range. Here are the levels that matter on the AUD/USD weekly chart.

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Aussie Weekly Price Outlook: AUD/USD Rejected at Resistance

S&P 500 Climbs to All Time Highs, Propelled by Strong Earnings

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

US markets continue their upward climb as strong earnings reassure investors of a strong economic environment and a healthy appetite from consumers in the economy.

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S&P 500 Climbs to All Time Highs, Propelled by Strong Earnings

Top 5 Events: Q1’19 Australia Inflation Report & AUDUSD Price Forecast

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

The Q1’19 Australia inflation report is due on Wednesday, April 24 at 01:30 GMT.

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Top 5 Events: Q1’19 Australia Inflation Report & AUDUSD Price Forecast

Bullish Oil Price Behavior to Persist as RSI Sits in Overbought Area

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

Oil prices may continue to carve a series of higher highs and lows as the Relative Strength Index (RSI) pushes back into overbought territory.

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Bullish Oil Price Behavior to Persist as RSI Sits in Overbought Area

USDJPY: Net-Short Positions Decreased by 7.4% from Last Week

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.

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USDJPY: Net-Short Positions Decreased by 7.4% from Last Week

S&P 500: Price Moved 20.3% Higher Since January 07

Posted April 23rd, 2019 by BonTrade and filed in BonTrade News

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

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S&P 500: Price Moved 20.3% Higher Since January 07