The Pound has spiked higher in reaction to reports suggesting that the EU and UK have agreed a text on how to avoid an Irish hard border
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Tuesday, 13 November 2018
GBP/USD Sentiment is Unable to Provide a Clear direction
The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.
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USD/JPY Initiates Lower Highs & Lows Ahead of Fresh Fed Rhetoric
USD/JPY initiates a series of lower highs & lows after failing to test the 2018-high (114.55), but fresh comments from Fed officials may keep the exchange rate afloat.
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EUR/USD: 63% of Retail Traders are Long, Despite YTD lows
Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.
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US Dollar Tempers Strength as EUR/USD, GBP/USD Bounce From Lows
The US Dollar is softening from fresh yearly highs after this week's open brought another bullish breakout. This is helping to bring a bounce to beleaguered pairs like GBP/USD and EUR/USD.
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GBP up on Fresh Brexit Optimism, Crude Oil Record Losses Continue - US Market Open
Record run of consecutive daily losses for oil looks set to continue, GBP lifted on yet another wave of Brexit optimism, Yuan firms on Chinese intervention.
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USD Rally Pauses as EUR, GBP Gain on Italian Budget, Brexit Hopes
Signs that some of Europe's most pressing issues may move towards resolution soon is helping lift currencies across the pond.
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Trading Sentiment Poor, USD In Demand | Webinar
Market confidence remains weak, continuing to prompt a flow of money into safe havens and particularly into the US Dollar.
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Trading Outlook for EUR/USD, USD/JPY, EUR/CAD, Gold Price & More
The Euro is looking lower after support break, USD/JPY has big resistance ahead, EUR/CAD set-up coming to light, while gold test important channel support.
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Crude Oil Analysis: Bearish Streak Persists as Trump Jawboning Negates OPEC U-Turn
Yesterday saw oil prices drop for the 11th consecutive session, marking a record run of losses for crude oil, which looks set to continue with Brent slipping some 2%. As OPEC optimism had been dampened by Trump.
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EURUSD Downtrend Continues, Amplified by German Economic Weakness
EURUSD continues to trade just above levels seen in June last year with the latest German ZEW readings pointing to weak growth in Q3 ahead of Wednesday’s official GDP figures.
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GBPUSD Analysis: Rising Wages Fails to Support as Brexit Dictates
GBPUSD saw a choppy reaction following another mixed employment report with rising UK wages met with an uptick in the unemployment rate. Brexit continues to dictate.
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EURUSD Stabilizing Ahead of Italian Budget Deadline
The Euro is off its lows after hitting its weakest level against the US Dollar since mid-2017 as Italy prepares to present a new Budget to the European Commission.
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Gold Price Eyeing Further Losses Despite Equity Turmoil
Gold looking to break back below $1,200/oz. as the US dollar continues to rally. Market sentiment remains fragile despite equity market weakness.
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DAX 30 Technical Forecast – 2011 Trend-line to Come Back into View Soon
The DAX has firmed up neckline resistance with recent failed gaps, momentum favors another test of long-term trend support.
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Yen Down as US, China Trade Deal Hopes Buoy Market Mood
The anti-risk Japanese Yen fell as hopes for a breakthrough in trade relations between the US and Chine lifted financial markets’ spirits.
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Monday, 12 November 2018
Euro to Sink Further as Rome Clashes with Brussels Over Budget
The Euro may continue to decline alongside Italian bond prices as markets brace for a budget clash between the government in Rome and the EU Commission.
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Asian Stocks Wilt Under Wall Street Pressure, Dollar Holds Up
Asian shares were mostly hammered Tuesday as the same tech, trade and European worries which smashed Wall Street took their toll. The US Dollar gained, winning the haven battle with the Japanese Yen
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Crude Oil Prices May Rise with Stocks on US, China Trade Deal Hopes
Crude oil prices may rise amid a broad-based improvement in the markets’ mood amid hopes for de-escalation of the trade war between the US and China.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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