Monday, 29 October 2018

UK Week Ahead: Brexit and the Bank of England | Webinar

UK asset traders will have the Autumn Budget (Monday) and the latest BoE monetary policy release (Thursday) to focus on. Both however remain under the spell of Brexit.


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

CoT Update: Crude Oil Speculative Long Positioning to Keep Shrinking

Last week, large speculators continued to sell as crude oil weakened, and with the techs turning broadly negative this is likely to continue.


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

USD Outperformance on Merkel Exit, Fed QT and Month-End Rebalancing

Short term drivers may see the USD supported over the week. German political uncertainty on the rise as Merkel is set to step down. Fed Balance sheet unwind and month-end rebalancing to spur USD buying.


from DailyFX - Feeds all https://ift.tt/2Q3BOvm
via IFTTT

EURUSD Struggling to Stay Above 1.1400, Sentiment Negative

EURUSD currently changing hands just above 1.1400 but with little momentum to the upside. The Italian budget debate continues to weigh, along with renewed German political fears.


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

Yen, US Dollar May Rise as Commodity Currencies Fall with Stocks

The Yen and US Dollar may rise while commodity bloc currencies fall with stocks amid another wave of selling across the risky asset spectrum.


from DailyFX - Feeds all https://ift.tt/2zb2bIN
via IFTTT

Sunday, 28 October 2018

Asia Stocks Mixed As Global Politics Eyed, USD Keeps Risk-Off Bid

It was a rather directionless start to the week overall for Asia Pacific equity. German and Brazilian politics were to the fore, with established orders pressured in both


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

Malaysian Ringgit, Emerging Markets at Risk to China PMI, USD Gain

The Malaysian Ringgit may be at risk to the 2019 government budget as emerging markets are vulnerable to weaker Chinese Manufacturing PMI. More declines in stocks may send USD higher.


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

Brazilian Real Gains On Bolsaro Win, Huge Challenges Ahead

The victory of far-right candidate Jair Bolsonaro in Brazil’s Presidential vote was widely expected and the Real has gained only modestly since


from DailyFX - Feeds all https://ift.tt/2z84RqD
via IFTTT

Crude Oil Price Chart Hints at Major Bearish Trend Reversal

Crude oil prices appear to have established a major top having broken a 16-month uptrend. Gold prices may fall if US PCE inflation data tops forecasts.


from DailyFX - Feeds all https://ift.tt/2Pxc4e8
via IFTTT

AUD May Fall with Nikkei, Euro at Risk. Markets Eye Brazil Election

Emerging markets and USD/BRL eye the Brazilian election results as Euro prices are vulnerable after the S&P Italian outlook downgrade. AUD may fall as Asia stocks follow S&P 500 lower.


from DailyFX - Feeds all https://ift.tt/2Oc3a0x
via IFTTT

Weekly Fundamental Forecast: Risk Aversion Threatens to Define October with Capital and FX Markets on Edge

A notable sense of fear spread through the financial system this past week. Where concern could be attributed to certain asset classes or a fleeting swoon previously, there was little denying the storm brewing through Friday. Now, as stability hangs in the balance, the masses are recognizing the long list of threats we have accumulated these past months.


from DailyFX - Feeds all https://ift.tt/2Aw9D2O
via IFTTT

Weekly Technical Forecast: Equities Suffer Key Technical Breaks, Dollar Uncertain of Its Role, Volatility Rising

Volatility was the technical hallmark of the past week. The US equity indices were undoubtedly offering up the most dramatic charts with critical breaks on fast-paced retreats. Yet, the implications of a systemic shift in conviction would not leave many corners of the market untouched.


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

Global Equity Rout to Persist with eyes on BoE, Italy and Brexi

Another week of volatility as equity markets continue its descent. The deteriorating risk sentiment looks set to persist as defensive stocks continue to outperform cyclical stocks.


from DailyFX - Feeds all https://ift.tt/2Pqa7zP
via IFTTT

Gold Weekly Technical Outlook: Breakout at Initial Resistance Targets

A four-week rally has gold testing a critical resistance zone into the monthly close. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


from DailyFX - Feeds all https://ift.tt/2Oc3QD8
via IFTTT

Euro Forecast: After ECB, Downside in Focus as Italian Issues Fester

A dovish tilt by President Mario Draghi at the October European Central Bank meeting pulled the rug on the Euro at the end of the week, paving the way for more downside ahead.


from DailyFX - Feeds all https://ift.tt/2Sqi6vF
via IFTTT

Saturday, 27 October 2018

Japanese Yen Weekly Technical Outlook: Bull Trend Marches On

Heightened volatility in global bond and equity markets continues to prove beneficial for the Japanese Yen.


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

EUR/USD Weekly Technical Outlook: Can the Euro Continue Friday’s Reversal?

Last week the euro sold off, breaking a few levels along the way before reversing from near sizable support; how far it can rally from here is in question, though.


from DailyFX - Feeds all https://ift.tt/2Snc5zH
via IFTTT

Gold Price Outlook Tied to Equity Performance, S&P500 Rebound

Gold has been the beneficiary of a highly volatile equity market this month and the trend could continue if equities fail to stabilize.


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

US Dollar Aims Higher on Liquidity Appeal Amid Market Rout

The US Dollar looks likely to continue upward after hitting a 17-month high as its unrivaled liquidity continues to attract demand amid broad-based risk aversion.


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

GBP: Brexit, Budget and the Bank of England

A busy week for Sterling traders ahead but the overall market trend will continue to be dominated by Brexit, and that may not be good news for an under-the-cosh British Pound


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

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...