There were whispers earlier this year to the effect that the Bank of Japan might wind down monetary stimulus even though inflation was weak. They have been silenced.
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Wednesday, 3 October 2018
PHP, SGD, IDR, MYR Tech Outlook. Trend Resumption vs Consolidation
The Indonesian Rupiah and Singapore Dollar could be facing uptrend resumption against the US Dollar next while USD/PHP and USD/MYR may prolong their consolidation.
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AUD Spikes On Trade Balance, Italy and EM May Cause Reversal
The Australian Dollar strengthened against the greenback after the release of August’s trade balance. However, rate differentials or risk aversion may bring a reversal.
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Dollar Bolds Through Resistance on its 6-Day Charge, Pangs of Concern from US Equities
While DXY Dollar Index extends run to six straight days, S&P 500 and Dow momentum is still absent. Italy and Brexit weigh on the Euro and Pound.
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Nikkei 225 Technical Analysis: Time To Pause, Build Solid Base
The Nikkei 225 is enjoying an incredible run but it’s looking exhausted and it could be time to consolidate its gains. Near-term support looks solid
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Fed Rate Hike Bets Leave Nikkei 225 at Risk, AUD/USD Eyes New Low?
Italy news, ISM services data and a speech from Fed Chair Jerome Powell boosted the US Dollar and bond yields which poses a risk for Asia Pacific shares. AUD/USD may set a new 2018 low.
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Elliott Wave Analysis: Crude Oil & Natural Gas Longer Term
The Elliott Wave forecast for crude oil prices show a maturing up trend. The Elliott wave forecast for natural gas show resistance just above current levels.
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USD/JPY Technical Analysis: Alignment of Forces Keeps Yen Weak
When USD/JPY rallies, traders tend to sleep better and see that all is right in the world. The next test for USD/JPY sets up an attempt with intermarket forces acting as support.
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AUD/USD Rate Eyes 2018-Low as Lower Highs & Lows Emerge
AUD/USD appears to be on track to test the 2018-low (0.7085) as the exchange rate carves a fresh series of lower highs & lows.
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AUD/USD Weekly Technical Perspective– Aussie Targets 2018 Lows
The Australian Dollar is plummeting into the monthly open with price threatening fresh yearly lows. Here are the key levels that matter on the AUD/USD weekly chart.
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Dow Jones Drives to All-Time-Highs to Kick-Off Q4
The Dow Jones Industrial Average continues to ripo, and the index is coming off of another fresh all-time high. This extends the run from the June lows to 12.4% - in less than five months.
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EUR/USD Weakness to Persist on Dovish ECB, Hawkish Fed
EUR/USD gives back the advance from the previous month, with the exchange rate at risk for further losses amid the deviating paths between the ECB and the Fed.
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US Dollar Weekly Technical Perspective - DXY Battle Lines Drawn
The US Dollar is on the offensive into the open of October trade with NFPs on tap. Here are the key levels that matter on the DXY weekly chart heading into 4Q.
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S&P 500 Presses Record Levels After Stunning Service Sector Data
The S&P 500 climbed higher early Wednesday after September’s ISM non-manufacturing data revealed the service industry grew at the quickest pace on record.
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Oil Remain Overbought Despite Jump in U.S. Crude Inventories
Recent price action keeps the near-term outlook for crude oil tilted to the topside as the RSI sits in overbought territory for the first time since the start of the year.
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Turkish Lira Resilient Despite Inflation Surge, USD up on ADP - US Market Open
USD rose on the back of the strong ADP report, increasing upside risk for Friday’s NFP report, while TRY remains resilient despite surging inflation.
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US Dollar Pushes to July Highs as EUR/USD Re-Tests 1.1530 Support
Q4 has opened the way that Q3 ended, with trends in both EUR/USD and the US Dollar while equities push-higher. In this article, we look at the backdrop in major FX markets.
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Trading Outlook for USD Index, EUR/USD, USD/JPY & More
The DXY is pressing up against resistance and with it the euro is at support, USD/JPY has resistance zones ahead to contend with.
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Bitcoin, Ethereum, Litecoin: Tight Ranges May Spark Volatility | Webinar
The cryptocurrency market remains in a rut, but downtrend lines and support zones are due to collide shortly leaving the way open for some volatile moves.
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DXY Index Sustains Gains as EUR/USD Bounce Fades
Despite Italian bond yields pulling back, the Euro has been unable to hold onto earlier gains.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...