Thursday, 11 October 2018

Asian Stocks Mixed Despite Wall St Rout, US Futures In Focus

Asian stocks didn’t fare too badly on Friday considering the terrible US curtain raiser they started with. A rise in US stock futures kept hopes alive


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New Zealand Dollar May Look Past CPI, Focus on Stocks, USD & Fed

Any signs that the Fed could remain hawkish despite the global stock selloff could reignite USD at the expense of NZD, this may overshadow gains on an upbeat local CPI data.


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US Sanctions Against Iran May Spark 1970s-Style Oil Crisis Fears

Crude oil markets may become gripped by fears of a 1970s-style crisis as the US re-imposes sanctions on Iran after withdrawing from a nuclear disarmament accord.

Singapore Dollar Reversal Gains on Hawkish MAS Policy Announcement

A hawkish MAS policy announcement bolstered the Singapore Dollar as it accelerated its reversal against the US Dollar. USD/SGD prices are eyeing rising chart range support next.

Bears Drag S&P 500 Below 200-Day Average, Risk Aversion Dangerously Broad

The sharp pain of fear has carried over through a second session for US indices, but there seems a discrepancy in performance across broader risk assets. What are we to make of this inconsistency as a reflection of sentiment?

Global Stock Selloff Resumes, but USD Falls as Gold Eyes Reversal

The global stock selloff resumed, but the US Dollar failed to capitalize as the world’s reserve currency. This allowed for gold to rise by the most since 2016 as it heads for a reversal.

Oil Price Weakness to Persist as Bullish Formations Snap

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.

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.

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...