The coming week will lean heavily on central banks directly (rate decisions) or indirectly (inflation and growth data) again.
Friday, 21 September 2018
FX Week Ahead: FOMC & RBNZ Rate Decisions, EZ CPI, Canadian GDP
Dollar Triggers a Technical Breakdown, Will Bears Show Up?
The technical break is in. If we were going by the textbook interpretation, EURUSD’s 1.1700 neckline break would trigger further reversal of 2018’s broader trend. Unfortunately, markets are not that tidy.
JPY Rate Forecast: JPY Bears Eye 113 Level
The Japanese Yen had another soft week, while the fundamental theme alongside the technical set up suggest that the recent weakness is set to continue.
S&P 500, DAX & FTSE Outlook: FOMC in the Spotlight Next Week
Global stock markets remain bid, especially the U.S., looking to close out month and quarter on a positive note; FOMC on tap for Wednesday.
Weekly Technical Perspective on the US Dollar (DXY) Ahead of FOMC
The US Dollar is testing initial support targets after reversing more than 3% off the yearly highs. Here are the key price levels that matter on the DXY weekly chart.
GBP: Bullish Sentiment Erased by Brexit Impasse
Sterling came down to earth with a bang as EU leaders roundly rejected UK PM Theresa May’s Chequers proposal, leaving future Brexit negotiations looking precarious.
GBP/USD: Cable Crushed as Brexit Talks Go Awry, FOMC on Deck
A big week across the FX space is looking to finish in a big way after an outsized reversal has shown in the British Pound. A busy economic calendar awaits for the final week of Q3.
GBPUSD Plummets as the UK-EU Reach an Impasse - US Market Open
The Pound is the underperformer following the UK’s unsuccessful meeting in with the EU at Salzburg, while PM May states that they are at an impasse.
Ripple (XRP) Price: Buyers Turning Chart Outlook Positive
A sharp U-turn in Ripple’s fortune with the crypto rallying over 80% this week on technology adoption news.
Quadruple Witching to Spur Volume Surge, Eyes on Fed Risk | Webinar
Global Indices Look Ahead: Quadruple witching to spark pick up in volume, while next week’s key risk event comes in the form of the Federal Reserve rate decision.
Charts for Next Week – EUR/USD, USD/CAD, AUD/NZD, Gold Price & More
In a look ahead to next week, we looked at the euro breaking out, USD/CAD trading into important support zone, AUD/NZD's bearish pattern, and whether gold can break out of its range.
S&P 500 and Dow Bullish Technical Outlook Forges On
U.S. stocks continue to act well as the end of the quarter nears, no reason at this time to think a bullish tone won't continue with perhaps a hiccup here and there.
GBP Price Action Soured by Negative Brexit Sentiment
Sterling’s recent rally came to a halt late Thursday when news out of the EU informal meeting poured cold water all over UK PM May’s Chequers proposal, leaving GBP now at the mercy of UK politicking.
EURUSD Breakout Opens up Path to 1.20, However, Euro-Area Growth Eases
Yesterday saw the Euro register its largest gain against the greenback since late June with gains exacerbated by a technical breakout above key resistance.
Gold Price Analysis: Bullish Momentum Continues to Build
Gold continues to push back towards noted resistance around $1,215/oz. helped by a weak US dollar complex. A break and close above this first resistance opens the way to larger gains.
Thursday, 20 September 2018
Yen Drop May Continue, Euro Likely to Overlook PMI Data
The perennially anti-risk Japanese Yen fell as Asia Pacific stocks followed Wall Street higher. More of the same may be in store through the week-end.
Asian Stocks Rise Broadly After New Wall St Records, Fed In Focus
After more record highs on Wall Street, some green on Asian screens was never going to be a surprise. Markets rose, but trade tensions simmer on.
Fed, RBNZ Risk Derailing Remarkable New Zealand Dollar Recovery
The remarkable recovery in New Zealand Dollar could be at risk if the RBNZ still leaves the door open to rate cuts as Fed raises them and prepares the markets for the last one this year.
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