The Euro continues to struggle against the US dollar and remains in a downtrend started at the beginning of the year.
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Friday, 15 March 2019
Norges Bank: The Only G10 Central Bank to Raise Interest Rates
The Norges Bank are expected to raise interest rates at the March 21st meeting by 25bps to 1%. NOK strength vs EUR looks promising.
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Sterling Outlook: Brexit Drags on but GBP Remains Supported
The British Pound remains buttressed going into the end of the week, after yet another Brexit vote suggested either PM May’s deal or a very long extension of Article 50.
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Thursday, 14 March 2019
GBP Traders Groan on Brexit Delay - EUR/USD Eyeing Local Event-Risk
Sterling traders may have to endure a few more weeks of Brexit-related uncertainty as the EU-UK divorce continues to unravel. EUR/USD will be watching local event risk in the EU and US.
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Asian Stock Markets Hold Up On Brexit Delay, Trade Deal Hopes
Asia Pacific equity markets rode out a shaky Wall Street lead to post broad gains as Brexit appears set for delay and hopes endure for a US-China trade deal
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EUR/USD Technical Analysis: Buyers Aiming for 1.3338 Resistance
EUR/USD has been steadily rising along a support line with an aim at breaching the 1.3339 resistance, though lasting follow-through is questionable.
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Japanese Yen Weakens Slightly As BoJ Holds Policy, Sounds Gloomier
The Japanese Yen faded a little as the central bank left its ultra-accommodative monetary settings alone and worried about an offshore slowdown’s effects on Japan.
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S&P 500 Makes No Move to Break, Pound Absorbs Another Brexit Delay
The markets are delivering serious unrequited love to traders as the S&P 500 refuses to make something out of its public resistance hold, oil offers no breakout follow through and GBPUSD settles after its run of Brexit votes.
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Gold Falls on Bearish Technical Cues, Oil Prices Eye IEA Report
Gold prices aimed sharply lower following bearish technical cues and US Dollar strength. Crude oil prices now await the IEA monthly report after rallying on the respective OPEC one.
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US-EU Trade Tensions Re-Igniting? Exhausted Euro Looks Ahead
If EU-US trade tensions are re-ignited, the exhausted Euro may be in more pain while the regional anti-risk Swiss Franc may rise if the outlook for Europe further deteriorates.
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EUR/GBP Technical Analysis: Outlook Clouded by Conflicting Signals
EUR/GBP is attempting to resume the dominant downtrend amidst the latest Brexit news. However, the weekly and daily charts offer conflicting cues for its next move. Which will prevail?
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GBP/USD Wobbled as Trade War Fears Hurt S&P 500. All Eyes on BoJ
The US Dollar capitalized on British Pound weakness as the Brexit saga lingered. Sentiment wobbled as fears about US-China and US-EU trade wars rose. All eyes on Bank of Japan next.
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Nikkei 225 Outlook: Index Awaits BOJ, Rests on Channel Support
The Nikkei 225 will look to the Bank of Japan’s interest rate decision on Friday. An unexpected shift in tone could impact the S&P 500 and other global equity markets.
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FX Price Action Setups in EURUSD, USDJPY and USDCNH
The US Dollar has finally found some element of support after a four-day pullback showed up following a test of a big resistance level last week at 97.71.
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GBPUSD: Sterling Slips After Latest Brexit Votes Approve Deadline Pushback
UK Parliament voted to revoke Article 50 and request the March 29 Brexit deadline be pushed back.
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EURUSD Rate Forecast: Post-ECB Rebound Sputters Ahead of Monthly-High
The EUR/USD rebound following the ECB meeting appears to be sputtering as the exchange rate fails to extend the series of higher highs & lows from earlier this week.
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Gold Price Technical Outlook: XAU/USD Reversal to Risk Further Losses
Gold prices turned from monthly open resistance and risk further losses near-term. Here are the updated targets & invalidation levels that matter on the XAU/USD charts.
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US Dollar Outlook Remains ’Neutral’; Awaiting Latest Brexit Vote
The DXY Index is gaining ground for the first time in five days as all attention remains on the news wire.
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Crude Prices Carve Bullish Series as OPEC Forecasts Stable Oil Demand
Recent price action in crude raises the risk for a further advance as oil breaks the monthly opening and extends the series of higher highs & lows from earlier this week.
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Finalized Elliott Wave Triangle Opens the Door for Bullish NZD/USD Run
We can count a finalized triangle from the March 7 low in NZDUSD. The price action since adds another building block to the bullish pattern.
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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 -...