Asia Pacific stock indexes traded mixed on Tuesday as they brushed off a downgrade to global growth from the IMF. AUD/USD and NZD/USD could be vulnerable if emerging markets sour next.
Monday, 8 October 2018
AUD, NZD Await Emerging Market Reaction to IMF. Asia Stocks Mixed
Brazilian Real and IBOVESPA Soar with Bolsonaro, Volatility Ahead
Brazilian markets rejoiced as Jair Bolsonaro claimed 46% of the votes on Sunday’s first round elections. Traders hold their breath until the second round on October 28th.
A Top Down Technical Look at Dollar, Euro, Yen and the Majors
Evaluating general strength or weakness of individual currencies can open up more opportunities, looking at equally-weighted indices.
ASX 200 Technical Analysis: Crucial 6000 Support Back In Focus
The ASX 200 is back once again within sight of the key 6000 level. If it gives way the bulls could find themselves in serious difficulty
IMF Downgrades Global Growth Call Citing ’Unsettled’ Trade Picture
The International Monetary Fund downgraded its global growth forecast with Emerging Markets taking most of the beating
Trade War Fears May Weaken Nikkei 225, USD/JPY Eyes 2016 Support
The Japanese Yen continues gaining against its major counterparts. Rising trade war fears may add downside momentum to the Nikkei 225 as USD/JPY prices eye a trend line from 2016.
China Markets and Yuan Revive Trade War Fears, Italy Inflames Europe
The fear in bond yields’ surge this past week has cooled, but concern over China and Italy have readily filled in the sentiment gap.
AUD/USD Risks Larger Rebound as RSI Flops Ahead of Oversold Territory
AUD/USD bounces back from the 2018-low (0.7041), with recent developments in the RSI pointing to a larger recovery as the bearish momentum appears to be abating.
Yuan Slid after China Cut Reserve Requirement, Eyes on PBOC Next
The USD/CNH broke above 6.90 after PBOC announced a RRR cut. The regulator’s guidance will continue to weigh on the pair.
EURUSD Elliott Wave : Ready for Launch
EURUSD reached our target of 1.1450-1.1500. Minimum expectations are met for the dip and a bull rally may begin from nearby levels.
Crude Oil Weekly Technical Outlook– WTI Reverses from Multi-Year Highs
Crude is trading near multi-year highs with prices approaching key technical resistance levels early in the quarter. Here are the levels that matter on the WTI weekly chart.
Oil Prices Cling to Bullish Formation, Iran Warns of Crude Shortage
Oil clings to the bullish trend carried over from August, but recent price action raises the risk for further losses as crude carves a series of lower highs & lows.
Strategy Webinar: US Dollar Rally Extends into First Major Hurdle
Webinar highlighting featured setups we’re tracking into the start of the week. Here are the updated targets & invalidation levels that matter on the USD Majors.
DXY Index Holds Gains; Quiet Trading Expected with Bond Market Closed
The closing of European financial markets means liquidity conditions will be constrained, already so due to the bond market being closed in the US.
EUR/USD Rate Outlook Remains Bearish Despite Less-Dovish ECB Rhetoric
EUR/USD remains under pressure even as ECB officials soften their dovish tone, with the exchange rate at risk for further losses as it initiates another bearish series.
Weekly Fundamental Forecast: Dow Looks to Reconcile with Global Risk Trends, FX Markets Deal with Systemic Themes
The US equity indices have diverged widely from global peers and other risk trends through recent months. Will this incredible disparity balloon even further or perhaps start to converge in the week ahead as trade wars, monetary policy and political risk crowd the headlines?
CHF and JPY Outperform on Safe Haven Flow, BRL Cheers Election - US Market Open
Safe haven currencies are outperforming this morning as concerns continue to mount in the EU over Italy’s budget.
US Dollar, Yen Gain as Euro Risk Aversion Remains
Euro and US Dollar trends are continuing to run into a fresh week, and a light macro calendar is ahead. Yen strength has re-appeared as risk aversion remains into the fresh quarter.
UK Week Ahead: Brexit Talk Remains Key | Webinar
EU/UK negotiations are at an advanced stage ahead of next week’s EU Summit and may throw up a few market moving headlines throughout the week.
Weekly CoT Update for the Euro, Japanese Yen, Gold & Other Major Contracts
Generally bullish USD theme remains, with the most noteworthy change seen in the Japanese yen over the past two weeks.
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 -...