Gold prices may turn lower anew after yesterday’s impressive recovery as easing budget worries in Italy see bond yields and the US Dollar rise in risk-on trade.
from DailyFX - Feeds all https://ift.tt/2yd7EhQ
via IFTTT
Wednesday, 3 October 2018
Tuesday, 2 October 2018
Stocks, FX Risk Averse Despite Italy News. NZD/USD Decline Done?
Despite uplifting Italian budget report news, FX and stocks remained risk averse as USD/HKD and USD/INR rose. New Zealand Dollar prices face their next obstacle for downtrend resumption.
from DailyFX - Feeds all https://ift.tt/2DQsqtB
via IFTTT
from DailyFX - Feeds all https://ift.tt/2DQsqtB
via IFTTT
Japanese Yen Technical Analysis:USD/JPY Ascendent, Needs A Pause
The Japanese Yen is under significant technical and fundamental pressure against the US Dollar, with some temporary respite probably the best bulls can hope for
A Long Way Until a True Euro-Area Crisis or Even Deep Euro Fear
The Euro has dropped significantly over the past week as Italy escalates the pressure on Euro-area stability. As threatening as the headlines may read, be wary of what you expect form the currency and financial markets.
Euro Gains Sharply On Soothing Italian Budget Report, Reaction Eyed
The Euro has been hit in recent weeks by worries about a blowout budget from Italy’s newish government. However a new report suggest that deficit cutting remains Rome’s priority
How Will Brazilian Real, Markets React if Bolsonaro Wins?
Brazil’s polarized election is causing significant volatility in the national currency and equity markets. Markets cheer Bolsonaro, but his regime may pose a longer-term threat.
Italy, Emerging Markets and Fed Offer Support for an AUD/USD Short
Italian budget woes, emerging market developments and tighter monetary policy from the Fed support a fundamental argument to short the Australian Dollar against its US counterpart.
The NAFTA Tail Wind Dies Down, EURUSD Weighs its Tempo at 1.1500
The favorable winds from a NAFTA breakthrough pushing trade war sails seems to have already hit the irons. Meanwhile EURUSD is in a position to make an important technical call on conviction.
Euro, Pound Prices Weaken on Italy Woes. USD/JPY Uptrend at Risk?
Euro and British Pound prices weakened amidst Italy political woes, offering a lift to the US Dollar which still declined against the Japanese Yen. USD/JPY’s uptrend may be at risk.
Post-RBA AUD/USD Weakness to Persist as Bearish Trend Remains Intact
AUD/USD is under pressure following the RBA meeting, with the exchange rate at risk for further losses as it continues to track the bearish trend from earlier this year.
Bullish GBP/USD on Break above Prior Corrective High at $1.33 per Sterling
Political circuses appear to shift across the pond from the UK to the US on a daily basis, but on the charts, traders should watch for GBP taking back the crown.
Weekly Technical Perspective on Euro vs US Dollar (EUR/USD)
Euro is trading just above long-term slope support with NFPs on tap this Friday. Here are the key levels that matter on the EUR/USD weekly chart heading into 4Q.
USD/JPY Rate Snaps Bullish Sequence, Short Interest Jumps
The recent rally in USD/JPY appears to have stalled ahead of the November 2017-high (114.74) as the exchange rate snaps the recent series of higher highs & lows.
USMCA Deal Bolsters USD/CAD Downtrend as AUD/USD, EUR/AUD Eye RBA
The new trilateral NAFTA deal, named the USMCA, offered the Canadian Dollar aggressive gains as the USD/CAD downtrend was bolstered. Meanwhile, AUD/USD and EUR/AUD await the RBA.
USD Supported as EUR and GBP Dip on Risk Aversion - US Market Open
The Euro once again is under pressure with concerns surrounding Italy and the potential collision course that is faces with the EU.
DXY Index Back to September High, EUR/USD at Six-Week Low
More pressure on Italian bonds means more weakness for the Euro.
Subscribe to:
Posts (Atom)