It's been a big week across FX, and next week's calendar slows a bit. The big question is whether USD bears and Euro bulls might be able to stage continuation.
Friday, 14 September 2018
USD Bid on Hawkish Evans, US 10yr Yield Returns to 3% - US Market Open
DXY reversed losses after a relatively hawkish speech by Fed’s Evans, who is typically a more dovish member.
USD-Focused Charts for Next Week – EUR/USD, USD/CAD, Gold Price & More
Today, we looked at growing likelihood that USD makes another meaningful leg lower as support comes under fire.
CAD Bulls Long for NAFTA Deal
The largest risk to the outlook for the Canadian Dollar is the outcome regarding NAFTA. If indeed the US and Canada reach an agreement, markets could reprice a steeper BoC rate path.
Gold Price Analysis: Resistance Remains Firmly in Place
Gold is benefitting from the recent downturn in the US dollar but continues to struggle to break noted resistance just a few dollars higher up.
US Dollar May Rise Anew as Fed Outlook Firms in Risk-On Trade
The US Dollar has suffered as improving market sentiment cut into its haven appeal. Firming Fed interest rate hike bets might alter this dynamic.
S&P 500 and Dow Technical Outlook Remains Bullish Until Proven Otherwise
U.S. stocks continue to hold their ground and better despite some reasons not to; S&P 500 & Dow trends remain bullish until proven otherwise.
US Dollar Nears a Six-Week Low; Will Data Push it Over the Edge?
The US dollar index (DXY) is sitting on technical support as we head into the weekend, with a raft of US economic releases out later in the session.
Thursday, 13 September 2018
Asian Stocks Mostly Rise, Trade Worries Still Cap Enthusiasm
Asia Pacific equity markets were mostly in the green as another week bowed out. The session’s economic numbers were solid but trade tensions between China and the US endure
NZD Rise to Gain if GDP Sinks RBNZ Rate Cut Bets, Trade War a Risk
The recovery in New Zealand Dollar prices may continue if GDP data lowers RBNZ rate cut bets. US President Donald Trump rekindling trade war fears poses a risk for NZD/USD.
Crude Oil Prices Fell Despite IEA Iran, Venezuela Supply Warning
Crude oil prices fell even as the IEA warned that lost output from Iran and Venezuela may pressure them higher. Fears of demand destruction amid trade wars may be why.
A Quick Fundamental Overview of the Dollar, Euro, Pound and Yen
There is only a relative strength and weakness in the FX market. However, the options for true liquidity are generally restricted to four key players. We take a big-picture look at the appeal of those currencies.
AUD Ticks Up On Solid China Data But Remains Clearly Pressured
The Australian Dollar got only a modest lift from some broadly as-expected Chinese retail sales, industrial production and investment data.
EUR/USD Technical Analysis: Downtrend Intact Amid Consolidation
The Euro is stuck in a choppy consolidation range capped near 1.17 against the US Dollar but the dominant downtrend still looks to be firmly intact.
S&P 500 Posts a Gap Not a Breakaway, Euro and Pound After Policy Holds
Gaps higher this past session for US indices and the EEM Emerging Market ETF offer little enthusiasm for genuine risk appetite. EURUSD and GBPUSD offer similar bearings but with different degrees of conviction.
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