UK Week Ahead: Tough Week Ahead for UK PM May | Webinar

UK PM May is expected to be called in-front of the influential 1922 Conservative Committee to justify her Brexit negotiations, and a poor performance may rubber-stamp her future.


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Weekly CoT Update: Speculators Buy Gold at Record Pace, Sell More Euros

Last week, large speculators bought gold at fastest one-week pace, while building the largest short position since early last year.


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Q3 Earnings Kicks into High Gear, Relief Rally for Italian Assets

S&P 500 futures are modestly firmer to begin the week, following the surge in Chinese assets overnight, while 158 companies are due to report over the coming week.


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EURGBP Price: Facing a Cluster of Resistance Levels

EURGBP rally coming close to a convergence of technical resistance levels which may prove difficult to overcome in the short-term.


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EURUSD Downside Still Favoured Despite Italian Bond Boost

EURUSD upside remains capped as traders wait for the latest ECB monetary policy meeting on Thursday.


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Yen at Risk as Stocks Rise, Aussie Dollar Down on Local Politics

The Japanese Yen is vulnerable as markets start the week in an upbeat mood. The Aussie Dollar is lagging after the ruling Liberals lost a key by-election.


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Chinese Stocks Surge Again, Taking Others With Them, ASX Lags

The prospect of more market supportive measures out of Beijing saw Chinese stocks set for a very positive start to the week. The Euro and Sterling were much less exuberant however


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Gold Prices Struggle for Direction, Chart Setup Warns of Weakness

Gold prices are struggling to find direction as the US Dollar and benchmark Treasury bond yields diverge but technical positioning hints a downturn may be brewing.


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PHP, PSEi Index Soar. USD/IDR Eyes Bank of Indonesia, China Slows

Despite some USD gains, PHP soared alongside the PSEi index as rates may be put on hold. IDR prices face forward guidance from the Bank of Indonesia and China’s economy slowed.


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NZD/USD Technical Analysis: NZ Dollar Downtrend Ready to Resume?

The New Zealand Dollar may be preparing to resume the downward trend against its US counterpart following a corrective recovery.


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ASX 200 Technical Analysis: Charts Say Oct’s Close Could Be Key

The ASX 200 has endured a tricky month, in common with many other global indexes. However the Aussie benchmark’s position has been made more precarious by the fall through 6,000


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CAD Falls on CPI, AUD May Gap Lower as Euro Price Risks Reversal

The Canadian Dollar fell on a softer-than-expected CPI report as the British Pound saw knee-jerk volatility. AUD/USD may gap lower given political uncertainty as Euro risks a reversal.


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Japanese Yen Weekly Technical Outlook: Pause Doesn’t Mean Bull Run is Over

The Japanese Yen’s bull run slowed last week, and despite losing ground against three currencies, the Yen remains the best performing major currency in October.


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Euro Forecast: Preliminary October PMIs and ECB Meeting on Tap

The Euro barely made any net-progress last week, but a busy economic calendar – including an ECB rate decision – and lingering concerns about Italy will dictate price action moving forward.


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Weekly Fundamental Forecast: Markets Trade the EU Summit for ECB Rate Decision and US GDP Next Week

High level fundamentals proved substantive this past week between a possible Brexit path after the EU Summit and the slowest pace of growth for China in 9 years. Ahead, the scheduled updates are still material – such as US 3Q GDP as well as ECB and BOC rate decisions – but we should also keep aware of the deep fundamental currents like risk trends and trade wars


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Weekly Technical Forecast: A Retreat in Global Equities and EURUSD Has Held Up to Trend, What Is Next?

For many assets this past week, the charts speak to a stalled effort to mount more meaningful reversals. With major equities like the Dow and FTSE 100 holding trendline resistence, EURUSD steadying at 1.1450 once again and Gold waffling above $1,210, conviction seems temporarily displaced. What are the levels to watch as we project the next move?


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US Dollar Regains Momentum, Aims to Capitalize on Market Turmoil

The US Dollar may continue to push higher against a backdrop of risk aversion after the Fed signaled it won’t abandon rate hikes to rescue swooning stock prices.


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Eying Trendline Support for the Dow, GDP for the Dollar, Italy for Euro

Late reports that Italy’s credit rating was downgraded and the UK government was considering compromise on the border to move Brexit negotiations will kick off next week. Risk trends, an ECB decision and US GDP will fill carry us further.


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Yuan Faces Eased Pressure from Equities, Yet Lacks New Momentum

The Chinese Yuan may avoid plunging driven by sentiment from Chinese equities; however, its bearish trend has not yet changed, without fundamental improvement.


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FX Week Ahead: BOC on Wednesday, ECB on Thursday, Q4’18 US GDP on Friday

Two central bank rate decisions and a slew of important US economic data culminating in the Q4’18 US GDP report on Friday should keep traders busy all week.


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