Recent developments surrounding oil keeps the downside targets on the radar as both price and the Relative Strength Index (RSI) snap the bullish formations from August.
Thursday, 11 October 2018
Rout Continues as Dow Jones, S&P Plummet for Second Day
The Dow Jones, S&P 500, NASDAQ and others fell sharply again Thursday as broader global markets soured and contributed to the rout.
Central Bank Weekly: Despite USD Price Swings, Fed Expectations Have Remained Stable
A 25-bps hike is being priced-in for December 2018, but then no rate move is anticipated until at least June 2019.
US Dollar Back to 95.00 As Equities Convulse: Price Action Setups
The US Dollar is back to the 95.00 level as a wave of selling has enveloped US equities.
Gold Price Outlook: Risk Sell-off to Fuel XAU/USD Breakout
Gold is threatening a breakout of yearly slope resistance into the close of the week. These are the targets & invalidation levels that matter for XAU/USD from here.
USD/JPY Rate Outlook Mired by Lower Highs, Lackluster U.S. CPI
USD/JPY may stage a larger correction over the remainder of the week as the exchange rate extends the series of lower highs carried over from the previous week.
US Dollar Snaps Intraday Losses after September US CPI Release
Both the headline and core CPI readings came in below expectations, giving the US Dollar, US Treasuries, and US stocks all a reason to stabilize.
USD Falls as Trump Criticises Fed Policy, while CPI Underwhelms - US Market Open
The US Dollar has continued its slide, weakening against its major counterparts for much of the session.
S&P 500 Technical Outlook – Just Like That, Big Trend Support Test Upon Us
Yesterday's sell-off has the SPX reeling towards a confluence of significant trend support which held the market together earlier in the year; make or break?
Will China be Labelled as a "Currency Manipulator"?
FX markets will be placing a close eye on the latest Semi-Annual US Treasury FX report due within the next week as to whether China will be labelled as a “currency manipulator”
Bitcoin Price Chart – Triangle Breakout to Further Along Crypto-bust
Cryptos are back on the move and with it another round of major selling looks to be just underway; Bitcoin price pattern points to 3400.
GBP Outlook: Sterling in a Holding Pattern as Brexit Talks Intensify
Sterling is keeping most of its recent gains but is not pushing further ahead as Brexit talks continue in Brussels. Even if the EU offer the UK a ‘special deal’ will it get past the House of Parliament?
Bitcoin, Ethereum, Ripple - Prices Hammered Lower
After trading in a tight range for the last couple of weeks, the cryptocurrency market broke down overnight registering double-digit losses, leaving charts looking very negative.
Trade Wars and Tariffs: The Impact on Europe, EUR, GBP & Stocks
A full-blown US-EU trade war would hit global market confidence in addition to the Euro, European stocks and commodities. Here’s a guide to how traders should prepare and respond.
Slowdown in U.S. Consumer Price Index (CPI) to Fuel EUR/USD Rebound
Fresh updates to the U.S. Consumer Price Index (CPI) may fuel the recent rebound in EUR/USD as the headline reading is expected to slow to 2.4% from 2.7% in August.
Wednesday, 10 October 2018
US Dollar May Be Back on Offense After CPI Data
The US Dollar may be back on offense as CPI data underscores the Fed rate hike outlook and fuels risk aversion while yesterday’s transitory headwinds scatter.
Stock Selloff Lingers. USD May Pare Losses on CPI Data, Fed Speech
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Gold Prices at Risk as US Dollar Strength Returns After CPI
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Fowl Play: Lessons from the US, EU ’Chicken’ Trade War
The Chicken War of the 1960's should serve as a stern reminder to protectionists of the danger of trade wars and the threat they pose to global growth and stability.
US Equities Dive - Is This the Big One?
Breadth and intensity both factor in to whether US equities’ poor performance is a tip into bear market or financial crisis.
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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....