Yuan, Aussie Dollar Suffer as Chinese October PMI Underwhelms

The offshore Chinese Yuan weakened against the US Dollar after the release of disappointing October PMI services and composite figures, possibly showing the impact of trade wars.


from DailyFX - Feeds all https://ift.tt/2Op68zd
via IFTTT

Crude Oil Price Drop May Stall Before US Midterm Elections

Crude oil prices may stall after hitting a seven-month low as all eyes turn to the outcome of US midterm elections. The drop is likely to resume thereafter.


from DailyFX - Feeds all https://ift.tt/2yTr3FA
via IFTTT

Fed Rate Hike Bets, US China Trade Deal Doubts May Sink AUD/USD

Market mood deteriorated as near decade high US wage growth and US China trade deal skepticism sent S&P 500 lower. Asia Pacific stocks may tumble next, boosting Yen, hurting AUD/USD.


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

Weekly Fundamental Forecast: Global Markets Focus on Trade Wars Headlines, US Elections and Rate Decisions

While equities and other risk assets attempted to stabilize from October’s speculative tumble, the FX world experienced a jolt of volatility this past week. With systemic themes like risks trends and trade wars already agitated, anticipation for the US mid-term elections and a run of rate decisions will keep traders tuned in and anxious.


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

Weekly Technical Forecast: Are Reversals for Equities and the Dollar-based Majors the Start of Lasting Trends?

The US equities lead a host of risk assets to a strong rebound this past week – posting the strongest charge since the US election. Meanwhile, the Dollar’s attempt at a breakout faltered and bulls were temporarily jolted out of their slow but productive advance. Are these temporary corrections in prevailing trends or a signal for larger turns with productive trends ahead?


from DailyFX - Feeds all https://ift.tt/2Pzrm1Z
via IFTTT

S&P 500 Looks to Midterms and Trade Wars, DAX and FTSE Elsewhere

As a volatile October falls to history, November brings with it an opportunity for equity markets to regain their footing but achieving stability may prove easier said than done.


from DailyFX - Feeds all https://ift.tt/2JC75mX
via IFTTT

Gold Weekly Technical Outlook:Breakout Potential at Major Resistance

Gold snapped a four-week winning streak as price holds below critical resistance. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


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

Euro Forecast: Quiet Calendar Means its Italy or Bust in Week Ahead

The quiet economic calendar – there are no ‘high’ rated German or Eurozone data releases – means that the only potential catalyst in the days ahead is progress around Italy’s budget.


from DailyFX - Feeds all https://ift.tt/2P9FjUA
via IFTTT

Japanese Yen Weekly Technical Forecast: Reversas Break Bull Trend

A sharp rebound in higher yielding currencies and risk-correlated assets came at the Yen’s expense this week, clouding the technical outlook in the process.


from DailyFX - Feeds all https://ift.tt/2DjbsD9
via IFTTT

Gold Forecast: Mid-Term Election May Provide Catalyst for Topside Breakout

Gold set for another volatile week as markets focus on Mid-Term election outcome, while recent gains in the Yuan keep prices at elevated levels.


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

US Dollar Likely to Rise as the Midterm Elections Outcome Emerges

Midterm elections are set to overshadow a monetary policy announcement form the Federal Reserve. Their outcome seems likely to be supportive for the US Dollar.


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

GBP: Sterling’s Rally May Have More Room - All Things Being Equal

A decent week for Sterling bulls with GBP pushing ahead across a wide range of currencies. UK Q3 GDP is released next week, but as always Brexit oversees market moves.


from DailyFX - Feeds all https://ift.tt/2Qh6SYR
via IFTTT

Dollar’s Breakout Effort Falls Apart and Elections Volatility is Underpriced

An attempt by the DXY Index to break near-term resistance to move onto 16 month highs never had the blessing of EURUSD and fell apart soon after execution. Ahead, uncertainty on direction and volatility hits news highs.


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

USD/CAD Rate Carves Lower Highs & Lows Ahead of Fed Meeting

Price action ahead of the Federal Reserve meeting raises the risk for a larger pullback in USD/CAD as the exchange rate carves a fresh series of lower highs & lows.


from DailyFX - Feeds all https://ift.tt/2F03nol
via IFTTT

Crude Oil Sell Off Puts Former Best Asset Within Whisper of Bear Market

Less than a month ago, Crude oil was moving toward four-year highs that it hit on October 3. Now, WTI Crude is traversing at a six-month low toward a bear-market as the scary chart shared last week appears fateful.


from DailyFX - Feeds all https://ift.tt/2qsrj9W
via IFTTT

Preparation for Trading and Investing Around Next Week’s Election Firework

The Dollar took a nasty spill this past session, posting a key technical reversal with EURUSD and an intense one on a broad basis. What was the motivation for this move and can it continue?


from DailyFX - Feeds all https://ift.tt/2PFWQ6o
via IFTTT

Markets On Edge with Volatility Stoked by the Trade War, Rate Decisions, an Election

Both the S&P 500 and Dollar put in for tentative reversals this past week, but how committed are these markets to reverse course? With event risk, trade wars, rate decisions and the US election on tap; we are going to find out.


from DailyFX - Feeds all https://ift.tt/2qq4xPT
via IFTTT

AUD/USD, AUD/JPY 2018 Downtrend Under Fire. EUR/AUD Price at Risk

AUD/USD and AUD/JPY prices may have made upside progress, but they are still confined by trend-defining resistance lines. Meanwhile EUR/AUD could be in for more losses ahead.


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

S&P 500, Dow ETFs saw Substantial Inflows to Close out October

As equities attempt to recover from the recent rout, investors poured capital into exchange traded funds that track the broader indices.


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

FX Setups for the Week of November 5, 2018

Dollar volatility is back with force as fresh yearly highs led to an aggressive reversal on Thursday. Support held through Friday trade, but USD will be in the spotlight for another week of drivers.


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