Ripple remains constrained in a short-term downtrend and may have further to fall before support appears.
Monday, 8 October 2018
Crude Oil Price Analysis: Risk Premiums Unwind as US Mulls Waivers
Brent crude futures are trading with losses of 1.4% shedding over $1 following reports that the Trump administration are actively mulling waivers on Iranian sanctions
EURUSD Remains Under Selling Pressure as Italian Bond Yields Jump
EURUSD continues to trade wither side of 1.1500 and is set to make the next move lower, as Italian bond yields hit fresh multi-year highs while the US dollar keeps pushing ahead.
Canadian Dollar Echoes Crude Oil Price Fall, Pound Backtracking
The Canadian Dollar fell alongside retreating crude oil prices while the British Pound backtracked following explosive Brexit-linked gains last week.
Sunday, 7 October 2018
Asian Stocks Lower As China Cuts Reserve Requirement Again
Worries about the effects of current trade tensions with the US weighed on Asian stock markets as a new week got under way. Shanghai’s mainboard was down nearly 3%.
Gold Prices Hurt as Fed Outlook Firms, Crude Oil May Be Topping
Gold prices are under pressure as 2019 Fed interest rate hike expectations to swell. Crude oil prices may be topping if emerging technical cues bear fruit.
Singapore Dollar May Rise on MAS, Emerging Markets Still at Risk
The Singapore Dollar may rise next week if the MAS pursues a more aggressive tightening approach given USD gains. But it, other ASEAN currencies and emerging markets remain at risk.
AUDUSD Ticks Up As China’s Service Sector Beats Forecasts In Sep
The Australian Dollar ticked up very slightly on news that China’s private service sector activity from Caixin outpaced market expectations, making up for manufacturing weakness
USD/CNH Gaps Higher After Foreign Reserves Data, Trade Wars Woes
The offshore Chinese Yuan weakened against the US Dollar after September’s dip in FX reserves, suggesting the negative effects of Trump’s tariffs.
GBP Up, AUD/USD Price May Fall with Stocks. Brazil Election Eyed
British Pound prices soared again on the Brexit news. Ahead, AUD/USD may fall alongside stocks while the markets eye the outcome of the first round of Brazil’s presidential election.
Friday, 5 October 2018
USD Slips as Unemployment Reaches Lowest rate Since 1969
The US Dollar and equities felt pressure Friday after mixed employment data for the United States and Canada.
GBP Rises on Brexit Deal Hopes, USD and CAD Jobs Reports Mixed - US Market Open
The Pound is notably firm this morning on hopes that a Brexit deal is in the pipeline, while a choppy reaction was seen in the US Dollar following a relatively mixed report.
US Dollar Drops After NFP Prints +134k; EUR/USD Re-Tests Resistance
The headline NFP print came out well-below expectations, and this has brought a a pull back to the US Dollar. Next week's quiet calendar presents a clear opportunity for trends to avail themselves.
USD Choppy on Hurricane Impacted NFP, Unemployement Lowest Since 1969
US NFP figure underwhelms expectations at 134k (185k expected), however, unemployment drops to lowest since 1969
Charts for Next Week – EUR/USD, USD/JPY, Crude Oil, Gold Price & More
Today, we looked at the euro trading just under important support, USD/JPY's reversal from resistance, a potential top in crude oil, gold choppiness, along with other charts of interest.
EUR/USD Rate Vulnerable to Upbeat U.S. Non-Farm Payrolls (NFP) Report
Updates to the Non-Farm Payrolls (NFP) report may fuel the recent weakness in EUR/USD as the U.S. economy is anticipated to add another 185K jobs in September.
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