Asia Pacific stocks traded mixed despite an upbeat China trade report and news the US may push back tariffs on the nation. Ahead, dismal European economic data may sour sentiment.
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Wednesday, 13 February 2019
Gold Prices Menace Chart Support as Focus Turns to US Retail Sales
Gold prices continue to pressure chart support guiding the uptrend from November as investors eye US retail sales data. Crude oil prices’ resilience may be challenged.
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NZDUSD - Select a Pair With Both a Strong and Weak Currency
Post-RBNZ, the New Zealand Dollar rallied across the board, and NZDUSD was no exception. Yet, was this the best outlook to take advantage of the volatility? Is it best suited for follow through moving forward?
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Australian Dollar Ticks Up On China Trade Data, Talks In Focus
The Australian Dollar got a small lift from official Chinese trade data which fell into the ‘could have been worse’ category. Exports expanded strongly in January, but imports remained weak.
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Dollar Jumps Despite CPI, Dow Climb Stalls as Risk Trends Struggle
How much conviction is there behind the market’s more impressive moves? US equities nudged slightly higher this past session but risk assets struggled. Dollar was recharged after Tuesday’s slump but fundamental depth is notably shallow.
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EUR/USD to Fall on Eurozone, German GDP? Downside Risks Growing
The Euro may experience some pain tomorrow as Eurozone and German GDP is scheduled to be released. The risk of a EUR/USD selloff is potentially rising as traders become more skittish.
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Nikkei 225 Technical Analysis: Uptrend Holds, Key Resistance Beckons
The Nikkei 225 has seen many of its December losses doggedly reclaimed by this year’s gradual uptrend. Bulls now face a sterner test, however, as the last key high point nears.
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USD/JPY Shrugs Off Japanese GDP, Eyes US-China Talks and Brexit
USD/JPY ignored the release of Japanese fourth quarter preliminary growth figures. Equities’ reaction to resumed US-China trade talks and Brexit will have more to offer.
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US Dollar Rally Resumes as S&P 500 Looks More at Risk to Reversal
US Dollar resumed rally as CPI report reduced dovish Fed policy bets, sapping upside potential from the S&P 500 which looks more vulnerable. Asia Pacific stocks may trade lower.
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Crude Oil Price May Falter as IEA Forecasts Supply Swamp
The International Energy Agency found it may be difficult for the energy market to absorb newfound crude supply from non-OPEC members.
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NZDUSD Elliott Wave Analysis: Triangle Takes Over
NZDUSD appears to be carving a bullish triangle wave in Elliott wave terms. This implies sideways consolidation and eventual break higher while holding above .6423.
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EUR/USD Snaps 2019 Opening Range Ahead of Germany GDP Report
Fresh data prints coming out of the euro-area may shake up EUR/USD as Germany, Europe’s largest economy, is expected to avoid a technical recession.
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NZD/USD Rallies on Mixed RBNZ Guidance- Orr Testimony in Focus
The testimony with RBNZ Governor Adrian Orr may continue to shake up NZD/USD as the central bank warns that the next move in the cash rate ‘could be up or down.’
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GBPUSD: Cable Catches Support at Key Zone - Can Bulls Hold the Line?
Cable sellers have been snared at another key area of support, but with USD strength continuing to show, that zone looks to soon come back into play.
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Gold Price Technical Outlook: XAU/USD Breakout Imminent
Gold prices are in consolidation within a well-defined monthly opening range. Here are the targets & invalidation levels that matter on the XAU/USD charts.
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DJIA: Dow Rally Drives into Resistance - Can Bulls Continue to Push?
Equity rallies have driven US stocks up to fresh two-month-highs, and the Dow is now testing the 88.6% Fibonacci retracement of the December sell-off.
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USDJPY Rallies to Fresh High as EURUSD Tilts Back-Below 1.1300
The bullish trend in teh US Dollar pulled back yesterday; but buyers appeared to remain motivated as support began to develop off of last week's resistance.
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Top 5 Benefits of Using Entry Orders in Forex Trading
Forex entry orders can increase the risk reward potential of a trade, while saving you valuable time and money.
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US Dollar Gains Ground as January CPI Beats, Government Shutdown Avoided?
Price pressures came in higher than anticipated in January, helping underpin a bullish reversal in the DXY Index.
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GBPUSD Spikes Higher, NZDUSD Outperforms, EURUSD Soft - US Market Open
NZD soars following RBNZ, GBPUSD spikes amid touted Fix related buy orders in quiet trade. Euro soft as markets digest Spanish snap elections.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...