Italian politics take centre stage once again with focus on the Italian draft budget announcement at 1800GMT, while CAD remains on the backfoot as NAFTA concerns weigh.
Thursday, 27 September 2018
Euro Drops as Italian Fears Return, CAD Pressured by NAFTA - US Market Open
US Dollar Tests Resistance at Q3 Open, Risk-Off Potential Re-Emerges
The Dollar is holding on to strength while trading at weekly highs, but this may not be what you think, as the currency was in a state of stall until risk-off hints began to show this morning.
Bullish S&P 500 & Nasdaq 100 Technical Outlook Faces Test After FOMC
U.S. stocks reversed course with vigor yesterday post-FOMC announcement; this has support levels under fire, a couple of key technical development in play.
GBPUSD Price at Risk of Break Lower on Brexit Splits, Firm Dollar
After strengthening for more than a month, there is a risk of a downward correction in GBPUSD as technical and fundamental factors combine to undermine it.
Bitcoin Cash (BCH) Chart Turning Positive after Latest Rally
Bitcoin Cash jumped over 20% in a few hours Wednesday, boosted by adoption news by crypto exchange Gemini and Bitmain’s IPO filing. And the charts now look a lot more positive.
CAD Buying Limited on NAFTA Concerns, Bulls Look to Governor Poloz
The main risk to CAD bulls is the is the outcome regarding NAFTA. With a touted deadline of October 1st and disputes still not settled, risks are rising with regard to no agreement being reached.
When Headlines Scream Oil Price to Reach $100, Skepticism is Called For
There are plenty of reasons why the crude oil price might strengthen further but headlines proclaiming it could hit $100/barrel may be a warning sign that it will soon be time to sell.
EURUSD Rattled by Italian Budget Fears and Fin Min Resignation Worry
EURUSD trades back below 1.1700 in early trade as news that the Italian budget may be delayed circulates around the market. Added to this Italian Fin Min Tria is rumoured to be considering his position if negotiations fail.
US Dollar, Yen Aim Higher as EU Politics Help Spoil Market Mood
The US Dollar and the Japanese Yen may continue to rise as political jitters in Italy and Sweden compound post-FOMC risk aversion across financial markets.
Wednesday, 26 September 2018
Euro and Krona at Risk Amid Sweden Political Gridlock
The Euro and Krona are likely to suffer amid political gridlock after September’s inconclusive general election delivered a hung parliament.
Asian Stocks Mostly Wilt As Fed Hike Knocks Wall St, US Data Eyed
Asia Pacific stocks struggled on Thursday as investors looked to still-further US interest rate rises ahead after the latest hike
A Week After the Break, The Chances for a EURUSD Trend
Not long ago, EURUSD triggered a remarkable technical signal when it broke above 1.1700 and in turn completed a textbook reversal pattern. And yet, there is good reason to doubt this trade will fill out.
A Post-Fed Retreat Puts S&P 500 in Position to Reverse, Dollar Absorbs Trump
Despite the Federal Reserve extending its multi-year normalization scheme – and the contrast it draws to major counterparts – the Dollar spun its tires after Wednesday’s rate hike while risk trends started to waver.
USD/SGD, USD/PHP Still Face Risk Prices May Fall on Daily Charts
Looking ahead, USD/SGD and USD/PHP still face warnings signs that prices may fall on the daily charts. USD/IDR remains in consolidation mode as USD/MYR’s descent was kept at bay.
Nikkei 225 Technical Analysis: Support Firm,Consolidation Needed
The Nikkei 225 has enjoyed a stellar run, which has put ten-years highs back within striking distance. However the rush higher as been headlong. A break would probably be good
NZD/USD Technical Analysis: Struggling to Build on Upside Break
The New Zealand Dollar looks vulnerable to deeper losses against its US counterpart after breaking below Augusts’ swing bottom to hit a two-year low.
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