A speech by Fed Chair Jerome Powell later today is expected to bring with it fresh dovish tones.
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Wednesday, 28 November 2018
EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP
EURUSD bearish trend opens scope for a test of the YTD lows, while EURJPY lacks significant signs of a near term break. EURGBP tests supports, which curbs further losses for now.
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Bitcoin, Ethereum, Ripple Prices Turn Higher | Webinar
The cryptocurrency market is paring back some of last weekend’s losses and may have further to go with some coins still registering oversold conditions.
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Technical Outlook for Crude Oil, Gold Price, S&P 500, DAX 30, FTSE & More
Crude oil is deeply oversold but still no support, gold has converging trend-lines, while global indices are bouncing but look poised for more weakness ahead.
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Crude Oil Price Stabilizes, Downtrend Remains Intact
The crude oil price has steadied after its tumble that began early last month but the trend remains downwards and the $50/barrel support level for US crude could yet be broken.
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Bearish Sentiment Signal for Gold Price
The latest retail trader positioning data suggest that losses are possible for the price of gold.
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Sterling Waits for UK Government to Publish Brexit ’Impact’ Analysis
The UK government will release its Brexit economic impact analysis later in the session with Sterling negative news expected across the board.
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SD Underpinned by Month-End Signals, However, Fed’s Powell Poses Risk
Short term factors point towards further USD buying, however, commentary from Federal Reserve Chairman Powell poses a risk.
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EURGBP: Pending Long as Support Nears - Tight Stop
EURGBP is currently trending a touch lower but support nears and may provide a springboard higher, as two of the markets weaker currencies continue to do battle.
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DAX 30 Technical Analysis – Bounce Set to End Soon
The DAX has lifted a bit in recent sessions off long-term support, but it’s not likely to last long with trend and market tone working against global stocks.
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British Pound at Risk as BOE Presents Brexit Scenario Analysis
The British Pound may fall if an assessment of the economic impact of various Brexit scenarios by the Bank of England echoes recent private-sector forecasts.
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Tuesday, 27 November 2018
Asian Stocks Still Supported By Hopes For Trump, Xi G20 Meet
G20 meetings have under-delivered before but stock investors seem hopeful that this weekend’s Argentinian edition can at least bring a more constructive tone to trade talks
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Why Aren’t AAPL and GM Shares, USDCNH, Fed Rate Forecasts Not Lower on Trump’s Threats?
President Trump has not been reserved with spreading criticism against the perceived sources of difficulty for the US market and his personal political agenda. Yet, despite the focus, these markets have limited their response to his negative attention.
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Gold Prices May Fall Further on Hawkish Powell Comments
Gold prices will may continue to fall after suffering the largest drawdown in two weeks as hawkish comments from Chair Powell boost Fed rate hike bets.
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USD/IDR Attempts Reversing 2018 Uptrend. SGD, PHP Eye Resistance
The Indonesian Rupiah is on the verge of accelerating its appreciation against the US Dollar, putting USD/IDR’s 2018 uptrend at risk. USD/SGD and USD/PHP eye near-term resistance levels.
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Dollar Tuned into Powell and Fed Tempo and Pound Awaits BOE Threat Assessment
Risk trends are making weak effort to signal any serious conviction before the Friday G20 meeting. However, Powell’s speech and the BOE’s stability report ahead may stir targeted moves.
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Japanese Yen Technical Analysis: USD/JPY Base Looks Very Firm
The Japanese Yen remains under the broad pressure against the US Dollar which has dominated 2018. USD/JPY bulls now have a reasonable platform from which to try for the year’s peak again
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Asia Stocks May Echo S&P 500 Gain on Trade War Reliefs, JPY Falls
White House Economic Adviser Larry Kudlow offered reassuring commentary on the US China trade front, the S&P 500 rose. Asia Pacific stocks may gain with AUD and NZD. JPY may fall.
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USD/JPY Short on Dovish Fed, 112 Targeted
USD/JPY remains near the highs for the year despite a dovish shift in commentary from Federal Reserve officials. The fundamental development presents an interesting short opportunity.
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EUR/JPY Weekly Technical Outlook: Euro Turns at Multi-year Support
Price is trading just above a critical support confluence at the November lows. Here are the levels that matter on the EUR/JPY weekly chart into the close of the month.
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