Resumption of the Australian Dollar downtrend against its US counterpart may follow a test of resistance guiding the currency lower since late January.
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Tuesday, 16 October 2018
Dip Buyers Return to the S&P 500, Beware the EU Summit and US Government
The biggest rally for US indices in six months led to an audible sigh of relief amongst speculators, but is this a move that lasts against Trump’s pressure on the Fed, Brexit and Italian discussions at the EU Summit and other systemic risks?
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Dow Jones Price Gain to Fuel AUD/USD Reversal to Chart Trend Line?
The improvement in markets mood amidst US earnings lifted S&P 500 and Dow Jones prices as AUD/USD lined itself up for a potential reversal to the descending trend line from February.
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S&P 500 Posts Best Performance Since March, Netflix Shatters Earnings
Tuesday saw the Dow and S&P 500 stage a stellar rebound to recover slightly from last week’s rout as Netflix shattered earnings. Equities look strong heading into Wednesday.
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Gold Risks Larger Correction Amid Adjustment in Speculative Position
The recent pickup in volatility keeps the topside targets on the radar for gold as the correction appears to be accompanied by an adjustment in speculative positions.
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USD Unmoved Following Robust August TIC Data
The US Treasury released Treasury International Capital flows for August Tuesday afternoon, revealing some major holders of US debt reduced their holdings.
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US Dollar Price Action Setups: USD Tests 95 as Dow, S&P Bounce
Global equities put in a bounce from a key area of support today. But now the big quesiton is whether that can hold or whether another wave of selling is around the corner?
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USD/JPY Technical Outlook: Price Testing Yearly Up-Trend Support
Price has carved out a clear weekly-opening range just above yearly slope support. Here are the targets & invalidation levels that matter on the USD/JPY charts this week.
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GBP/USD Rebound Vulnerable to Slowing U.K. Consumer Price Index (CPI)
GBP/USD remains bid ahead of the fresh updates to the U.K.CPI, but failure to test the September-high (1.3299) may undermine the recent rebound in the exchange rate.
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GBP/USD Rebound Vulnerable to Slowing U.K. Consumer Price Index (CPI)
GBP/USD remains bid ahead of the fresh updates to the U.K.CPI, but failure to test the September-high (1.3299) may undermine the recent rebound in the exchange rate.
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EUR/JPY, GBP/JPY Primed as Risk Aversion Themes Yet to Abate
While risk aversion appears to be on hold, bulls have yet to make a convincing push off of the lows, and this could continue to carry impact in Yen-pairs.
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NZD Firms on Inflation Jump, Strong Wages Buoy GBP - US Market Open
Sterling rose to session highs after the latest employment report with UK wages beginning to show some signs of life. The Kiwi is flying high this morning after NZ inflation figures rose above analyst estimates
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US Dollar Dips Below 95.00; Dow, S&P Attempt to Recover From Support
US stocks have dug-into support and futures are showing a bounce ahead of the US open. Will bulls be able to push higher to erase last week's declines?
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US Dollar Erases Gains as Italy Secures Budget Deal, Brexit News Looms
US Dollar bounces in recent days have been shallow, a sign that traders are becoming more eager to sell.
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Risk Aversion Still Dominating Markets | Webinar
Trading sentiment remains poor in the financial markets after the recent drop in stock prices, with safe havens benefiting.
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Bitcoin (BTC) Price: Driven by Fidelity and Tether (USDT)
A sharp snap rally on Monday was soon sold off after fears that stable coin Tether (USDT) was causing problems on a major exchange. Later in the session, news broke that investment giant Fidelity is launching an institutional cryptocurrency trading platform.
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Trading Outlook for EUR/USD, EUR/AUD, EUR/JPY, Gold Price & More
The euro has a tentatively bullish outlook within the multi-month chop, EUR/AUD is generally constructive, while gold looks to trade towards first area of targeted resistance.
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US Crude Oil Price Dips as US-Saudi Tensions over Khashoggi Ease
Signs of an easing in tensions between the US and Saudi Arabia over the death of Saudi journalist Jamal Khashoggi have helped weaken crude oil prices.
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GBPUSD Boosted on Highest Wage Growth Since 2009
GBPUSD rose to session highs after strong wage figures with the ex-bonus reading hitting the highest level since January 2009.
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Brexit Latest: PM May Needs Support From a Fractured Cabinet
Sterling has edged higher after soothing words from EU leaders who still believe that a Brexit agreement can be struck if flexibility is shown. But closer to home, PM May must quell a growing Cabinet rebellion.
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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 -...