Friday, 23 November 2018

Global Market Bounce Feeble Amid Tech Outflows and Brexit Uncertainty

Another volatile week for UK asset classes given the continued uncertainty over Brexit. The Nasdaq moved firmly into correction territory, dropping over 15% from the August peak.


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USD/JPY Rate Weakness Spurs Shift in Retail FX Interest

Recent developments keep the downside targets of the radar for USD/JPY as the weakness in the exchange rate spurs a shift in retail interest.


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EUR Dips on Poor PMI, Crude Oil Plunge Relentless - US Market Open

The slowdown in the Eurozone is becoming increasingly prominent, according to latest EZ PMI. Crude oil plunges with Brent breaking below $60/bbl.


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Charts for Next Week – USD, USD/CAD, USD/MXN, Crude Oil, Gold Price & More

The US Dollar Index has a couple of developments to watch in the week ahead, while USD/CAD tests trend support, USD/MXN at risk of rolling over, and gold contends with resistance.


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Gold Price Knocked Lower as the US Dollar Firms

Spot gold turns lower in European trade as the US dollar wakes and pushes further ahead. The precious metal is having difficulty making a decisive move for now.


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Ripple (XRP) Price Analysis: Charts Point to Further Losses

A series of lower highs is casting a bearish shadow over Ripple and the next level of support is under threat.


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Crude Oil Analysis: Death Cross Reaffirms Bearish Outlook

Oil bears are firmly in control with prices heading for a 7th weekly loss. This morning has seen Brent crude prices test the 2018 lows.


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EURUSD Slides After Euro-Zone PMIs Disappoint

EURUSD slid below 1.1400 after the latest Markit PMIs missed expectations, with Germany a weak spot. Euro-Zone growth expectations fall back to 0.3% in Q4.


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Brexit Latest: Sterling (GBP) Remains Vulnerable to Deal Backlash

GBPUSD continues its sideways trading pattern despite Thursday’s announcement from UK PM Theresa May that a deal was close. Unfortunately for the UK PM, the deal remains deeply unpopular.


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Thursday, 22 November 2018

AUD/NZD Nets Out Market Mood Swings, Focus On RBA & RBNZ Policy

AUD/NZD can at times net out market mood swings, behaving as “risk neutral”. This allows it to focus more on Reserve Bank of Australia and New Zealand monetary policy bets.


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AUD/NZD Nets Out Market Mood Swings, Focus On RBA & RBNZ Policy

AUD/NZD can at times net out market mood swings, behaving as “risk neutral”. This allows it to focus more on Reserve Bank of Australia and New Zealand monetary policy bets.


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Asian Stock Mostly Lower As US Holiday Thins Trade, Oil Down

Global trade and Brexit continued to dog investor sentiment, with additional worries about oil demand seeing crude prices down to levels not seen since late 2017


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Growth at Risk: Trump Trade Wars Echo Smoot-Hawley Tariff Act

US trade policy in 2018 is worryingly similar to the 1930 Smoot-Hawley Tariff Act. Protectionism decimated global trade and growth at that time. Will it do it again?


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Can Australian Dollar Bulls Really Hope For Higher Rates?

Australian interest-rate futures markets still go along, just, with the Reserve Bank of Australia’s view that the next move, when it comes, will be a rise. But, how much sense does that really make?


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US Dollar Will Retain Top Spot Despite Deficits, Trade Wars

The US Dollar has attracted worried or indeed outright hostile glances for much of its history. It is certainly doing so now. But there’s still no viable alternative on the horizon.


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Fowl Play: Lessons from the US, EU ’Chicken’ Trade War

The Chicken War of the 1960's should serve as a stern reminder to protectionists of the danger of trade wars and the threat they pose to global growth and stability.


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S&P 500 Nears Correction Territory as Hope of a Thanksgiving Rally Fades

Hope of a Thanksgiving rally faded on Tuesday as the S&P 500, Dow, and Nasdaq approached correction territory after a substantial gap lower at the open.


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Euro at Risk: How the EU Might Punish Italy

The Euro may experience unusually high volatility in the coming weeks as EU policymakers head into unchartered waters over Italy’s controversial budget.


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CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD

USDCAD is eying crucial support, while CADJPY extends bounce off rising trendline. EURCAD continues to remain bullish above pivotal 1.50 handle.


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Which Countries Might Want to Leave the EU After Brexit: Euro Analysis

As the UK prepares to quit the EU and the row between Italy and the EU over the Italian Budget continues, Euro traders need to watch out for any signs that other countries are thinking of leaving the bloc.


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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...