Blackwell Global

Key Points: Wedge structure remains in place this week. EMA bias firmly bearish despite recent surges in buying pressure. MACD crossover signalling that the downtrend is about to resume. Downside...

Key Points: Household borrowing remains buoyant, growing at 4%. Inflationary pressures increasing. Potential for action on rates from the Bank of England. The composition of the United Kingdom’s...

Key Points: Final shoulder of the head and shoulder pattern could be about to form. Neckline likely to remain intact this week. Long-term downside risks could be severe. Despite the prior...

Key Points: Markets are pricing in a 15% chance of a hike. Jawboning likely following the decision. Fed likely to hold rates steady at 0.50% Silver has had a relatively strong few weeks with the...

Key Points: Bearish Channel remains in play for the pair. Volatility beginning to see traders return to the yen. Near-term rally likely to be seen prior to any major slides lower. The...

Key Points: UK threatens to introduce tax haven rules on hard exit. The chances of a “Hard Brexit” increase. Watch for further selling pressure. The cable continued to march lower...

Key Points: Long-term bearish channel remains in play. 100 day EMA likely to reinforce the upside constraint to prevent a breakout. Long-term fundamental bias relatively bearish. Silver continues to...

Key Points: Double top beginning to become apparent. MACD and Parabolic SAR switching bias towards bearish. 100 day EMA likely to cap downsides to some extent. The CAD/JPY is looking ripe for a tumble...

Key Points: ABCD pattern beginning to shape up in the wake of the Elliot wave. EMA bias suggesting a near-term shift in momentum set to occur. Long-term trend still in play and likely to cap overall...

Key Points: Price action hinting at some near-term downside risks. $50 mark could receive a serious challenge in the coming week. US inventories data could spark the forecasted tumble on its...

Key Points: German Chancellor Suggests “Soft Brexit” unlikely. Cable continuing to decline below 1.2200 handle. Watch for further Brexit rhetoric in the days ahead. The cable just...

Key Points: Last week has set the pair up for potentially substantial losses. Falling wedge is now becoming apparent. Retail Sales data now in focus for the week ahead. The AUD moved largely in step...

Key Points: Market likely to focus upon the US PPI and JOLTS Job Openings Figures. Expect volatility given the variability within last week’s US data. Pair retains its neutral bias. The USD/JPY...

Key Points: USD/JPY declines sharply but finds support around 116.30. RSI Oscillator strongly oversold. Expect an orderly retracement back towards the 200-hr MA. The New Year has opened with a bang...

Key Points: Near-term slip looking highly likely due to double top formation. Overarching Head and Shoulders pattern could cause substantial losses for the pair. Confirmation of the pattern still...

Key Points: Cable remains under a bearish cloud. UK GDP result likely to be closely watched. Failure of 1.25 handle could signal further bearishness ahead. The Cable initially started last week on a...