EURUSD pushes higher after Fed Chair Powell’s commentary, but the charts show that the US dollar remains in a strong uptrend.
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Thursday, 29 November 2018
Euro to Overlook German CPI, US Dollar May Rise on FOMC Minutes
The Euro may overlook German inflation data while the US Dollar has scope to rebound as November FOMC meeting minutes prompt a rethink of Fed rate hike prospects.
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Wednesday, 28 November 2018
Asian Stocks Rise On Fed Chair Powell’s Comments, G20 Hopes
Asian stocks were broadly higher again as markets moved to reprice their expectations of higher US interest rates next year. The US Dollar was weaker for the same reasons
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Crude Oil, Gold Prices May Fall as FOMC Minutes Prompt Fed Rethink
Crude oil and gold prices may fall while the US Dollar rebounds as upbeat minutes from this month’s FOMC meeting prompt a rethink of the Fed’s rate hike trajectory.
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Did Fed Chairman Powell Save the Stock Market?
Despite equities’ rally following Chairman Powell’s dovish remarks, stacked systemic risks may point to a future reversal.
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Euro, AUD/USD, NZD/USD at Risk From Trump Automobile Tariff
The Australian and New Zealand Dollar – along with the Euro – may suffer soon as President Donald Trump explores imposing new automobile tariffs as part of his protectionist initiatives.
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Nikkei 225 Technical Analysis: Bulls Have More To Prove Yet
The Nikkei 225 has managed a run of daily chart gains that have taken it close to an important resistance zone. It will need to get there however, and consolidate
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Despite Clear Warnings from the Fed, BoE and IMF, Markets Focused on Fed’s Powell
Equities rallied on dovish remarks from the Fed’s Powell, despite clear warnings on financial stability and auto tariff threats.
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AUD/USD Technical Analysis: Bearish Reversal Attempt Invalidated
The Australian Dollar has managed to abort another attempt at re-starting its long term downtrend against its US counterpart, this time courtesy of Fed commentary.
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S&P 500 Gains in Vain after Powell Speech? USD Still in a Uptrend
Fed Chair Jerome Powell offered the S&P 500 its best performance since March, but the index hasn’t conquered resistance. Asia stocks may echo gains on Wall Street, boosting AUD.
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USD/JPY Strength Fizzles as Fed Chairman Powell Softens Hawkish Tone
USD/JPY may continue to consolidate following the fresh comments from Fed Chairman Jerome Powell as it marks another failed attempt to test the 2018-high (114.55).
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Sterling Spikes as Bank of England’s Carney Calms Brexit Nerves
The pound cautiously moved higher following remarks from the UK’s head central banker Mark Carney on the country’s Financial Policy Committee report assessing the health of the financial system and impact of Brexit outcome risks.
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GBP/USD Rallies After the BoE Warns of Brexit Recession Potential
The Bank of England issued some stark warnings around No-Deal Brexit today. And markets seemed to listen for about 20 minutes, until Jerome Powell provoked a reversal in USD.
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DJIA: Dow Jones Jumps Above 25k as Powell, FOMC Adapt to Global Risks
US stocks are ripping-higher on the back of a speech from FOMC Chair, Jerome Powell. The removal of a key pressure point may keep the door open for continued strength.
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Dollar Sinks Stocks Soar on Dovish Remarks from Feds Powell
At a speech in New York, Federal Reserve Chairman Jerome Powell delivered a series of dovish remarks that sent the Dollar lower across the board while US equities turned positive for November.
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Gold Price Outlook Mired by Failed Attempt to Test Monthly-High
Gold appears to have marked a failed run at the monthly-high ($1237) as the precious metal snaps the range-bound price action from the previous week.
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Fed’s Financial Stability Report Warns of ’Elevated’ Corporate Debt
The Federal Reserve’s first report devoted to financial stability highlighted trade wars, Brexit and trouble in emerging markets as headline risks that could impact the US financial system.
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Crude Oil Price Outlook: WTI Catches Support at $50- Can It Hold?
Oil prices are attempting to snap a seven-week losing streak from fresh yearly lows. Here are the levels that matter on the WTI weekly chart into the close of the month.
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US Dollar Strength in Focus Ahead of Powell; USD/CAD Nears Resistance
The Dollar is holding resistance and US equities are bouncing ahead of a highly-anticipated speech from FOMC Chair Jerome Powell, set to take place at Noon ET today.
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CAD at 5-Month Lows, Crude Oil Back on the Decline - US Market Open
The Pound is notably outperforming this morning, gaining some 0.3% against the greenback. CAD at lowest level since June amid weaker oil prices and wider bond spreads.
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