Friday, 30 November 2018

Stock Markets Braced for G20 Summit and OPEC Meeting

Focus for investors will be on the outcome of the G20 summit, while oil traders await the OPEC meeting with questions on how much will oil producers cut output by.


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AUD/USD Snaps Bullish Series, RBA to Keep Cash Rate on Hold

AUD/USD may face a more bearish fate going into the RBA’s last meeting for 2018 as the central bank is widely expected to keep the official cash rate (OCR) at the record-low.


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Bitcoin Sentiment Sparks a Bullish Bias

Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.


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EUR/USD Folds at 1.1400 as USD/CAD Makes Another Run at Resistance

Its been a busy week across FX and this weekend brings gap risk with G20 getting underway. Meanwhile, USD/CAD is jumping towards the yearly high: Can bulls break through?


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EUR Falters at Resistance, USD in Demand - US Market Open

The US Dollar is firmer against its major counterparts, up 0.25% as month-end and Fed QT underpin, while the Euro weakens as inflation disappoints.


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DXY Index Awaits US-China Trade War News from the G20 Summit

On balance, the US Dollar has made no progress this week, but news from the G20 summit in Argentina will catalyze more active markets.


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USD/CAD Rate to Eye 2018-High on Lackluster Canada GDP Report

Canada’s GDP report may fuel the recent appreciation in USD/CAD as the economy is expected to grow 2.0% in the third-quarter of 2018 versus 2.9% during the previous period.


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Canadian Q3 GDP Release May Boost Flagging Canadian Dollar

The Canadian dollar has had a tough time of late with the sharp fall in oil hurting the country and pushing the Loonie lower. A positive Q3 GDP report later today may help turn the tide.


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Brexit Impact on GBP: How the Pound Might Move After Parliamentary Vote

Here’s how the British Pound might react to the various possible outcomes after the UK Parliamentary vote on the Brexit deal reached by Theresa May and the EU.


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Charts for Next Week – AUD/USD, EUR/CAD, AUD/NZD, S&P 500 & More

Trading in FX remains on the choppy side, but a couple of patterns are starting to emerge; stocks look vulnerable again heading into next week.


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S&P 500, Dow Jones & Nasdaq 100 Charts: Buyer Beware, Looks like Just a Bounce

This week has brought some strong upside price action, but looking like another bounce; may have ended yesterday.


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EURUSD Drops on Soft Inflation and Month-End

Eurozone inflation remains subdued, however, ECB look set to finish their QE program at the end of this year.


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Sterling (GBP) Range Bound, UK PM May’s Brexit Plan Continues to Unravel

Slightly supportive month-end flows keep Sterling range bound as Brexit vote nears. UK PM May’s plan to sell her deal are not going well as opponents continue to line up.


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USD to Rise as Today Marks Another Fed Balance Sheet Unwind

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


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US Dollar Eyes Trump, Xi Meeting at G20 Summit for Its Next Move

The US Dollar is looking to a meeting between presidents Donald Trump and Xi Jingping at the G20 leaders’ summit in Argentina to guide its next move.


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Thursday, 29 November 2018

What Happens if There is a G20 US-China Trade War Breakthrough

After months of fruitless discussions and steady escalation of trade wars, the G20 represents an opportunity to address the threat to market stability. The mainstream consensus is for further pain heaped onto the situation, but don’t write off the alternative.


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CAD Bracing for Volatility: BoC Hold, Jobs Report, OPEC Oil Cuts?

The Canadian Dollar is bracing for volatility as it has the BoC rate decision, November’s domestic jobs report and an OPEC meeting for near-term risks that carry long-term implications.


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Asian Stocks Mostly Higher With Trump, Xi’s G20 Meet In Focus

Asia Pacific stocks were mostly in the green, despite Wall Street losses, as investors continued to look with hope towards this weekend’s G20 get-together


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Rumors Over US-China Trade War Concentrate Market Focus on G20 Meeting

Powell’s subtle shift in policy intention didn’t charge the markets beyond the US trading session for which he spoke. Now, the gravity of the G20 meeting and trade wars pulls us into a high profile event risk which will come to complete close during the weekend when market access is extremely limited.


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Crude Oil Price Chart Hints at Bounce Ahead of Key G20 Summit

Crude oil prices might find the catalyst to make good on bullish technical cues in commentary from the G20 leaders’ summit getting underway in Argentina.


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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...