Thursday, 15 November 2018

DJIA: Dow Jones Tests 25k as Post-FOMC Sell-Off Extends

US equities continue to face pressure after last week's FOMC meeting, and the Dow Jones sees that sell-off extend into a sixth day as prices test below a key support level at 25k.


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GBP/USD: Cable Chaotic on Brexit, Euro Stable Despite Italy

Volatility continues to show in the British Pound around Brexit, and this morning has brought a 200-pip sell-off to GBP/USD. Meanwhile the situation around Italy and the EC remains worrisome.


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Bitcoin, Ethereum, Ripple Prices Continue to Collapse

The cryptocurrency market capitalization has dropped by around 12% (USD25 billion) in the last 24-hours with little fundamental news driving the sell-off.


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EURUSD Selling Likely Amid Fed Balance Sheet Unwind

Typically, on days with a large and negative impact USD liquidity due to the balance sheet unwind, the Dollar has tended to gain while risk sentiment has been softer.


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London’s FTSE 100 Index Loses Early Gains Despite GBP Plunge

The FTSE 100 index of leading London-listed stocks is dropping back despite a Brexit-related tumble in GBP.


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Brexit Latest: Sterling Slumps as Brexit Minister Resigns, PM Leadership in Doubt

UK PM is fighting for her political future today after Brexit minister Dominic Raab resigned earlier, sparking renewed talk of a vote of no confidence in the PM. Sterling crumbles on the news and is likely to fall further.


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How Does a Leadership Challenge to a UK Prime Minister Work?

As Brexit discussions enter its most difficult phase yet, PM May once again finds herself under intense scrutiny at the top of a fractured government that is unable to unite over her plans to leave the European Union.


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US Dollar Rally Stutters, Technical Support Nears

The US dollar has edged off its recent highs, but the uptrend remains intact. Mildly bullish talk from Fed Chair Jerome Powell last night should see near-term support hold.


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Further GBP Price Drop Likely as Brexit Deal Faces Strong Opposition

After a highly volatile session Wednesday, the GBPUSD price is dropping further below 1.30 and more losses could be in store as UK PM Theresa May faces opposition all round to her Brexit agreement.


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Yen, US Dollar May Rise as Brexit Turmoil Sours Market Mood

The anti-risk Yen and US Dollar may rise while the British Pound drops as UK Prime Minister May receives a cool reception for her Brexit deal plan in Parliament.


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Wednesday, 14 November 2018

Crude Oil Price Selloff May Resume on EIA Inventory Data

Crude oil prices paused to digest losses after the longest losing streak on record. EIA inventory flow data may revive selling pressure.


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High Volatility as with S&P 500 and Pound Demands More Regimented Trading

Volatility is one of the features of the markets that most traders most frequently seek. Yet, the promise of dramatic movement in the market is more often an excuse to allow emotions to reign as diligent execution of strategy falls to the wayside.


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Nikkei 225 Declines After S&P 500 Fell. ASX 200 Eyes October Low

The Nikkei 225 followed S&P 500 lower at open, follow through was lacking as Asia stocks were relatively quiet. Australian Dollar appreciated, hurting USD. ASX 200 eyes October low.


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Nikkei 225 Technical Analysis: Index Wilts Toward Key Chart Prop

The Nikkei 225 remains below its most recent uptrend line after a break last week. The bulls are now up against it, with the year’s lows getting closer


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Risk Starts to List Again in US Trade, Brexit Headlines Swing Pound

General risk trends gave way to more targeted fundamental issues with a remarkable impact on volatility. Brexit headlines flipped from bullish to bearish and back again with GBPUSD experiencing exceptional volatility, but is there a trend here?


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Australian Dollar Leaps On Strong Job Creation, Rate Outlook Still Weak

The Australian Dollar got a big boost after domestic data showed its home economy’s long-formidable job-creation machine running at full revs in October


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GBP Prices Jawboned by Brexit News, AUD/USD May Look Past Jobs Data

The British Pound was jawboned by latest Brexit headlines, crude oil prices paused a 1984+ record losing streak on OPEC news. AUD/USD may look past jobs data for Asia stock performance.


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AUD/USD to Stage Larger Recovery on Upbeat Australia Employment Report

Australia’s Employment report may fuel the recent recovery in AUD/USD as the economy is anticipated to add another 20.0K jobs in October.


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US-China Trade War Weighs on World’s Largest Shipping Company

The US-China trade war has contributed to a slow in global container trade according to Maersk, the world’s largest shipping company. The trend could be exacerbated if tensions flare.


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AUD/JPY Weekly Technical Outlook: Price Testing Trend Resistance

Price has rallied nearly 5% off the October lows with a critical resistance confluence seen just higher. Here are the levels that matter on the AUD/JPY weekly chart.


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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...