Monday, 15 October 2018

AUD Gains on Chinese CPI But Upside Follow-Through is Suspect

The Australian Dollar strengthened against the greenback after September’s Chinese CPI. However, risk-off sentiment may extend bearish momentum.


from DailyFX - Feeds all https://ift.tt/2CKuxxH
via IFTTT

Dollar, Euro and Pound Trading Over the Coming Days is Going to Be Fraught

DXY offers little clarity on direction, while Euro and Pound see the quiet before their respective Italian and Brexit storms.


from DailyFX - Feeds all https://ift.tt/2yrEL2n
via IFTTT

NZD/USD Technical Analysis: Six-Month Trend Resistance Under Fire

New Zealand Dollar rebounded against its US counterpart as expected, triggering a test of trend resistance guiding the currency lower since mid-April.


from DailyFX - Feeds all https://ift.tt/2NHljmT
via IFTTT

Nikkei 225 May Extend Losses Amid Global Stock Sell-Off

The Nikkei 225 recently came off fresh 27-year highs to plummet back to September 2018 levels during market-wide risk aversion. Negative RSI divergence may point to a larger reversal.


from DailyFX - Feeds all https://ift.tt/2Ouvuk0
via IFTTT

NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed

The New Zealand Dollar’s near-term uptrend against its US counterpart, bolstered by local headline inflation data, could pick up pace should the RBNZ’s core measure of prices follow suit.


from DailyFX - Feeds all https://ift.tt/2pTPQEz
via IFTTT

NZD/USD Soars on CPI Beat, RBNZ Rate Hike Expectations

The New Zealand Dollar traded higher versus the Greenback following positive CPI data which could prompt the RBNZ to lift the official cash rate off its record low.


from DailyFX - Feeds all https://ift.tt/2QQZH9C
via IFTTT

Oil Price Forecast: Higher Highs & Lows Spur Shift in Retail Interest

The recent rebound in oil spurs a shift in retail interest, but the broader outlook no longer remains constructive as the bullish trend from August unravels.


from DailyFX - Feeds all https://ift.tt/2P4VPo4
via IFTTT

GBP/USD: Weekly Short Positions Increase 14% Sparking Bullish Bias

Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.


from DailyFX - Feeds all https://ift.tt/2pV2UcX
via IFTTT

Uptick in New Zealand Consumer Price Index (CPI) to Fuel NZD/USD Rebound

Updates to New Zealand’s Consumer Price Index (CPI) may fuel the rebound in NZD/USD as the headline reading for inflation is expected to uptick in the third-quarter of 2018.


from DailyFX - Feeds all https://ift.tt/2P4LAA8
via IFTTT

Elliott Wave Patterns Suggest Continued Weakness in Stocks & DXY

SP 500, Dax 30, and NASDAQ appear vulnerable to additional losses. US Dollar Index has reversed towards weakness as expected and the current wave of appears incomplete.


from DailyFX - Feeds all https://ift.tt/2Cf8r5r
via IFTTT

Bullish USD/CHF on Risk Resumption or ’The World is Not Ending’ Trade

Sharp moves lower in global indices have caused a keen focus on haven currencies, CHF & JPY. However, technical patterns in indices and USDCHF may show opportunity remains toward the upside.


from DailyFX - Feeds all https://ift.tt/2CgblH3
via IFTTT

EUR/USD Price Outlook: Euro Reversal Eyes Initial Resistance Hurdle

Last week’s Euro price reversal is now targeting the first major test of resistance. Here are the targets & invalidation levels that matter for EUR/USD charts.


from DailyFX - Feeds all https://ift.tt/2pRJntK
via IFTTT

Trade Levels for USD Majors, Gold and More amid the Recent Stock Drop

Strategy Webinar highlighting featured setups we’re tracking this week. Here are the updated targets & invalidation levels that matter on the technical charts.


from DailyFX - Feeds all https://ift.tt/2PypmUb
via IFTTT

USD/JPY Bull Trend Snaps Even as BoJ Sticks to Dovish Forward-Guidance

Recent price action in USD/JPY raises the risk for a further decline as the dollar-yen exchange rate finally snaps the upward trend from earlier this year.


from DailyFX - Feeds all https://ift.tt/2pT39VN
via IFTTT

USD Holds Support, GBP Choppy on Brexit Stand-Off - US Market Open

Brexit talks reached a stand-off over the weekend as issues over the Irish border persist. The Bavarian sister party to Chancellor Merkel and a key component of Merkel’s fragile coalition government lost its absolute majority


from DailyFX - Feeds all https://ift.tt/2IVYB9F
via IFTTT

GBPNZD: Pending Long on a Sell-Off

Traders who want Sterling exposure should consider a long GBPNZD position although we look for a lower entry level to mitigate for any possible Brexit-weakness.


from DailyFX - Feeds all https://ift.tt/2OW0VmN
via IFTTT

UK Week Ahead: Brexit Update and Heavyweight Data | Webinar

EU/UK negotiations are seemingly at an impasse with the Irish border situation still unresolved. Talks may even overshadow the latest set of UK jobs, wages and inflation releases.


from DailyFX - Feeds all https://ift.tt/2QRlON1
via IFTTT

Weekly CoT Update: Speculative Selling in Gold Proving Untimely

Last week, large speculators increased their short gold position for a fourth week in a row, and so far that is looking like an untimely maneuver.


from DailyFX - Feeds all https://ift.tt/2pRVhUj
via IFTTT

Gold Price Analysis: Bulls in Control with Record Shorts at Risk

Last week’s equity market rout had finally reignited the safe haven demand into the precious metal, whereby gold prices saw its largest daily gain (October 11th) since the Brexit referendum.

GBP Analysis: Brexit Negotiations Gridlocked, Key Issues Remain

Sterling slips lower in early trade after weekend Brexit talks continue to highlight the differences between the two sides.

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...