USD/JPY Bull Trend Vulnerable to Swings in Risk Sentiment

USD/JPY appears to be responding to the gyrations in risk sentiment, but the exchange rate may continue to threaten the bullish trend it carves a series of lower highs.


from DailyFX - Feeds all https://ift.tt/2OL72Lc
via IFTTT

EUR/USD Price Outlook: Euro Sell-off Intensifies– Support In View

A break of the October range takes Euro into more significant support objectives just lower. Here are the targets & invalidation levels that matter on the EUR/USD charts.


from DailyFX - Feeds all https://ift.tt/2AtpzD9
via IFTTT

Brexit Effect on Pound and UK Stocks: Impact of Deal or No Deal

As Brexit negotiations between the EU and the UK continue, here's how Sterling, the FTSE 100 index of London stocks and other assets might respond to the various deal or no-deal scenarios.


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

AUD Rises on Market Bounce, ECB Upbeat Despite Global Market Jitters - US Market Open

The Euro was initially firmer following the President Draghi’s press conference in which the President provided a relatively confident view on the Eurozone.


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

US Dollar Softens From Fibonacci Resistance as EUR/USD Holds the Lows

This morning's ECB rate decision brought little by way of new information, but the Fibonacci resistance in the US Dollar continues to hold, helping EUR/USD catch a bounce.


from DailyFX - Feeds all https://ift.tt/2D3fhfl
via IFTTT

Euro Treads Water as ECB Makes No Changes to Policy

As was widely anticipated, the ECB’s Governing Council kept its main rates on hold and signaled its continued intention to end its QE program in December 2018.


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

EUR Direction Dependent on ECB’s Guidance on Growth Outlook

The ECB will take centre stage today which is expected to keep all rates unchanged with particular focus placed on President Draghi’s press conference.


from DailyFX - Feeds all https://ift.tt/2CEJu3j
via IFTTT

Crude Oil Price Finds Support But Market Fears Remain

Crude oil has bounced off a strong technical support level despite increased fears of a global slowdown. Further re-tests may see support break.


from DailyFX - Feeds all https://ift.tt/2CE9ADy
via IFTTT

FTSE Technical Analysis – March Lows Come Under Assault

The last bounce didn't last as anticipated and now the FTSE is at a big test with global markets on their heels.


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

Global Market Sell-Off Continues, S&P 500 and DJIA Erase YTD Gains

Risk off sentiment looks to persist as defensive stocks outperform cyclical stocks. Nasdaq enters correction territory.


from DailyFX - Feeds all https://ift.tt/2z1BTbI
via IFTTT

GBPUSD Heading Lower, Ignores PM May’s Reprieve

Sterling continues to test the downside and is set to head even lower as Brexit fears continue to dominate market thinking.


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

EUR/GBP Working on Bearish Price Sequence, Update on USD/ZAR Set-up

Today, I looked at a fresh set-up while revisiting one looked at last week which has yet to trigger and may have an alternate route depending on further price action.


from DailyFX - Feeds all https://ift.tt/2AspL5w
via IFTTT

Euro May Fall Further on Dovish Shift in ECB Rhetoric

The Euro may fall further as slowing growth and political turmoil in Italy inspire a dovish pivot in European Central Bank forward guidance.


from DailyFX - Feeds all https://ift.tt/2EStn4S
via IFTTT

Crude Oil Prices May Bounce But Gains Unlikely to Prove Lasting

Crude oil prices may rebound against the backdrop of improving market-wide sentiment but any respite from the developing down trend is unlikely to prove lasting.


from DailyFX - Feeds all https://ift.tt/2CEl9e3
via IFTTT

ASX 200 Dives Through Support, Following S&P 500. Euro Eyes ECB

Asia Pacific benchmark stock indexes echoed Wall Street lower as the ASX 200 blew through support, exposing 2017 lows. Euro eyes the ECB but risk trends may dominate trading dynamics.


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

Australian, New Zealand Dollars Menaced by Resource Nationalism

The Australian and New Zealand Dollars are vulnerable as the rise of resource nationalism threatens to compound pressure on already battered market sentiment.


from DailyFX - Feeds all https://ift.tt/2AqIq1w
via IFTTT

Revisiting What Qualifies a True Reversal After the US Equity Rout

Volatility should not be miscontrued as conviction. However, sharp moves and technically prominent price developments can lower traders' rigorous criteria as the opportunity of systemic moves seems to grow.


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

Nikkei 225 Technical Analysis: Oct Falls Threaten 2-Yr Uptrend

In common with many other developed market indexes the Nikkei 225 has endured a miserable October. Where it ends the month could be most interesting.


from DailyFX - Feeds all https://ift.tt/2OPG8ly
via IFTTT

Pending Short AUD/USD. Prices at Risk to Stocks, Higher BoC Rate

Global stock markets continue to wobble as Wall Street was aggressively hit. Prospects of more weakness in stocks and a diminishing yield advantage argues in favor of shorting AUD/USD.


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

Nasdaq Leads US Markets with Worst Drop in 7 Years, Will ECB Surprise More than BoC?

The US indices suffered significant losses this past session to break broad trendline support. What is motivating this possible shift in course? We discuss that in today’s Trading Video.


from DailyFX - Feeds all https://ift.tt/2POqe7b
via IFTTT