Wednesday, 10 October 2018

US Dollar May Rise Anew as Fed Outlook Firms After Inflation Data

The US Dollar may return to the offensive as Fed interest rate hike expectations build anew after September’s inflation data comes across the wires.


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Tuesday, 9 October 2018

Asian Stocks Mixed, Narrow In Data-Light Session, Dollar Lower

Asia Pacific equity markets didn’t have much news to chew over Wednesday and put in a mixed performance. The US Dollar slipped a little but remains close to 7-week highs


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Gold Prices Fail to Capitalize on US Dollar Pullback, PPI Data on Tap

Gold prices tellingly failed to capitalize as the US Dollar and Treasury bond yields pulled back in tandem. September’s US PPI data is now in the spotlight.


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What Separates a Bout of Risk Aversion from a Bear Market Crash?

A fit of risk aversion alone is not enough to usher in the lasting influence of a lasting flood of deleveraging, much less a financial crisis. To hit that level of contagion requires a few other systemic pieces.


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US Dollar Struggling Versus SGD as USD/IDR and USD/MYR Prices Rise

The US Dollar is struggling to keep its gains against the Singapore Dollar while USD/IDR and USD/MYR add momentum to their ascent. Meanwhile USD/PHP is facing reversal pressures.


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Japanese Yen Technical Analysis: USD/JPY Offers Dip-Buy Prospects

The Japanese Yen has fought back a little against the US Dollar but the fundamentals remain against it and will probably reassert themselves soon enough


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Dow and Equities Steady as IMF Downgrades Growth, Dollar Looking a Reversal Risk

The IMF has lowered its growth forecast and raised its warnings for the future. Despite the warning, risk trends have refused to fully capitulate. Meanwhile, President Trump has reiterated his Fed critique and drawn the Dollar’s attention.


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NZD/USD Technical Analysis: Upswing May Precede Further Weakness

New Zealand Dollar technical positioning hints a bounce may be ahead, but any gains are likely to be corrective within the broader downward trend.


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Can IMF FSR Interupt Stock, AUD/USD & NZD/USD Gains as Yen Falls?

US government bond yields fell from 2011 highs as trading came online from the holiday, offering stocks some relief. The IMF Financial Stability Report may interrupt AUD and NZD gains.


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AUD/USD Rate Forecast: Rebound Takes Shape as Bearish Momentum Abates

AUD/USD extends the rebound from earlier this week as the bearish momentum abates, with recent price action raising the risk for a large recovery in the exchange rate.

Elliott Wave Analysis Sees Bullish EURUSD Patterns Emerging

EUR/USD has reached our initial target identified in September as the corrective pattern appears to be finished.


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USD Price Action Setups as the Dollar Dithers Near Resistance

Q4 has opened with a bang, and it looks like we're winding up for an interesting end to a 2018 that's been filled with a plethora of themes and scenarios.

Brent Crude May Not Stop at $90 As IEA Warns of ’Risky Situation’

Brent crude oil price has spiked, but that doesn’t mean traders are taking profit. Despite trading at the highest level since 2014, Iran uncertainty and other supply shifts could keep this bull roaring.

Gold: Weekly Net-Short Positions Fall 29% Sparking a Bearish Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.

S&P 500: Retail Traders Increase Weekly Long Positions Over 20%

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

Bullish GBP/CAD on Weakening CA Fundamentals, Technical Bullish Developments

Despite economic data in Canada surprising to the upside and benchmark oil prices remaining stubbornly high, CAD weakness is developing, while GBP strength may emerge.


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USD/JPY: A 23% Increase in Daily Long Positions Prompt A Bearish Bias

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.

GBP/USD Price Outlook: Sterling Trade Levels for the Pending Breakout

Sterling has carved out a monthly opening-range in price just below down-slope resistance. Here are the targets & invalidation levels that matter for GBP/USD this week.

Gold Price Range Vulnerable to Fresh Series of Lower Highs

Gold carves a fresh series of lower highs, and the current environment may continue to sap the appeal of bullion especially as the U.S. dollar remains bid.


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GBP/USD: Cable Collects Support Above 1.3000 - Can it Hold?

The British Pound is bouncing after collecting two spots of support already this week at 1.3030, showing bullish defense above the 1.3000 psychological level. Can it hold?

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...