Traders should be on the lookout to see if the “whatever it takes,” Super Mario version of President Draghi shows up at the September ECB meeting this week.
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Sunday, 8 September 2019
Dow Rises and Gold Falls on Trade War Enthusiasm, ECB Decision Top Event Ahead
Though tentative, market participants latched on to nascent signs that trade war conditions may improve and the threat of recession is not as imminent as many fear. This would be the perfect opportunity for monetary policy to further leverage the uneven swell in sentiment. The ECB will start a run of key policy meetings, but its decision in particular will echo through the markets.
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EURUSD and Pound Attempt Reversal from Multi-Year Lows, S&P 500 Close to Record High
The first week of trade following the transition out of the 'summer doldrums' maintained an elevated clip of volatility but the range of key assets seemed to finally push stubborn ranges. That said, will the Dollar's reversal lower and Pound higher bear fruit into a full-size swing? What about the S&P 500's and Dow's bid for fresh record highs, so close at hand?
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Rate Cut Odds Drop for BOC, RBA, and RBNZ amid US-China Trade War Truce - Central Bank Weekly
As the world’s two largest economies move to resolve their trade dispute, expectations for more easing from the G10 currencies’ central banks have receded.
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US Dollar Price Outlook: USD Fails at Multi-year Trend Resistance
The US Dollar reversed off long-term slope resistance this week, opening the door for further dollar losses. Here are the levels that matter on the DXY weekly chart.
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Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Forecasts for the Week
The Dow Jones, Nasdaq 100, DAX 30 and FTSE 100 have all regained their footing alongside an improvement in US-China trade rhetoric, but can the indices hold recent gains?
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Saturday, 7 September 2019
GBP Braces for Brexit Volatility: General Election Still Possible
British Pound traders will likely experience nauseating volatility next week as Brexit negotiations continue to wrap traders in a web of uncertainty as the October 31 deadline approaches.
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Crude Oil Price Forecast: A Tighter Range that May Not Hold for Long
Crude oil prices remain caught in a range with a confluent zone of resistance overhead. Are bears nearing another break?
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S&P 500 & DAX Technical Forecast
S&P 500 bulls take control with the index making a topside breakout, while DAX pushes higher ahead of next week’s ECB meeting.
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Weekly AUDUSD Technical Outlook: Be Wary of the Bounce
Aussie is bouncing hard off multi-year lows, but it may not be trustworthy as the longer-term trend continues to remain firmly down.
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Friday, 6 September 2019
S&P 500 & DAX Technical Forecast
S&P 500 bulls take control with the index making a topside breakout, while DAX pushes higher ahead of next week’s ECB meeting.
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Oil Prices Hold August Range Ahead of World Energy Council Congress
Developments coming out of the World Energy Council may influence crude prices as OPEC and its allies remain committed in balancing the energy market.
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Dollar, S&P 500 and Pound Forge Difficult Trends, ECB a Global Event
Key fundamentals themes in trade wars and recession fears have ebbed, allowing for the Dollar to flag and S&P 500 make another reach towards record highs. Will a key ECB decision revitalize a separate theme?
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Rate Cut Odds Drop for BOC, RBA, and RBNZ amid US-China Trade War Truce - Central Bank Weekly
As the world’s two largest economies move to resolve their trade dispute, expectations for more easing from the G10 currencies’ central banks have receded.
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US Dollar Price Volatility Report: EUR/USD Eyes ECB Next Week
US Dollar currency volatility remains elevated ahead of central bank interest rate decisions and high-impact economic data releases on deck for next week.
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Crude Oil Price Stability Gives Room for USD/CAD Selloff - Can it Last?
The Canadian Dollar has been able to take advantage of a weak US Dollar, thanks in part to crude oil prices warding off bearish breakout attempts.
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Gold Price Targets: XAU Struggles at Critical Resistance- GLD at Risk
Gold prices have failed to breach a key resistance zone for the fourth consecutive week- bulls on notice. Here are the levels that matter on the XAU/USD weekly chart.
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US Recession Watch, September 2019 - Growth Weak Even as US Treasury Yield Curve Steepens
There is a 38% chance of a recession hitting the United States within the next 12-months, according to the NY Fed Recession Probability Indicator.
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Bollinger Bands® and MACD Strategy
The Bollinger Band® and MACD strategy allows traders to assess trend-momentum and volatility, to better trade breakouts or trends.
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Silver Price Rally Hits Wall - Key Levels for Reversal in XAG/USD
With the US-China trade war back in détente, US Treasury yields have jumped sharply, reducing the safe haven appeal of precious metals.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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