AUDUSD looks to trendline resistance. Momentum suggests upside intact for AUDJPY despite pullback. Crucial trendline from record low curbs AUDNZD downside.
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Tuesday, 4 December 2018
Market Sentiment Improving but Traders Still Risk-Averse | Webinar
Money is still flowing into safe havens such as JPY, CHF and gold but overall market confidence seems to be rising.
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Gold Price Analysis: Bulls Eye Topside Breakout
Gold bulls eye potential topside breakout as USD sags on easing trade tensions and inverting yield curves.
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Technical Outlook for USD Index, EUR/USD, USD/CAD, Gold Price & More
The DXY may continue to get bottled up into the end of the year, Euro triangle developing near-term, USD/CAD trend-line broken, gold may become more bullish.
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US Dollar Price Crumbles; Breaks Below Supportive Uptrend, NFPs in View
The US dollar slipped lower Tuesday and broke below its recent uptrend, leaving further potential losses on the cards. Later this week, Fed Chair Powell’s testimony and the latest non-farm payroll release.
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USD Price Eases Further Despite Doubts About US-China Trade War Truce
An inversion of the US Treasury yield curve is keeping the USD price under downward pressure as skepticism emerges that a long-term US-China trade war deal can be reached.
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Brexit News: Sterling (GBP) Soars after EU Dangles Brexit Carrot
Sterling rallied hard Tuesday morning after news hits the wires that UK may be able to reverse Brexit without EU 27 consent.
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DAX 30 & CAC 40 Charts – Outlook Bearish in the Near-term and Longer
Europe got a lift to start the week on U.S./China Trade War news over the weekend, but failing to sustain in the short-term, remain bearish more broadly speaking.
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Monday, 3 December 2018
S&P 500, AUDUSD or USDCNH - Which is the Better Trade War Play?
There was a strong and unmistakable gap higher to start the week thanks to the breakthrough in the US-China standoff. The response is unmistakable but the intent should be put up to scrutiny against the likes of AUDUSD and USDCNH.
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Asian Stocks Wilt As Investors Fret US, China Trade Details
Asia Pacific markets were a sea of red with more market participants wondering whether the US and China will really be able to settle trade differences in just 90 days
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US China Trade Ceasefire, Emerging Markets or Fed Hike Bets Up?
While reduced US China trade war fears may bode well for risk appetite, boosting ASEAN FX, global growth and Fed rate hike bets may undermine near-term gains in emerging markets.
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AUD/USD Ignores RBA in Favor of Risk Trends, Losses May Resume
AUD/USD rose slightly as the Reserve Bank of Australia kept the OCR at 1.50%, but upside follow-through may be threatened by negative RSI divergence and risk aversion.
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S&P 500 Gaps Higher after US-China Trade War Pause, But Is It a Trend
Risk-on assets rallied due to the temporary US-China trade truce, as AUD/USD broke a head-and-shoulders pattern and the S&P 500 gapped higher.
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ASX 200 Technical Analysis: Up-Channel Holds, Bulls Need To Push
The ASX 200 remains within the uptrend channel which has been in place since the index slid to its 2018 lows last month. However, the channel could do with an upside test
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G20 Lifts 2019 Fed Hike Bets, USD Fights Back. Asia Stocks at Risk
The G20 Summit offered increased risk appetite, but that died down as the US Dollar trimmed losses as 2019 Fed rate hike bets gained. Asia stocks may struggle rising, AUD eyes RBA.
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USD/CAD Rate Forecast: CAD Jumps Most in 2 Months on CA Oil Supply Cut
The Canadian Dollar strengthened on Monday thanks to Canadian and OPEC cuts exciting the market in the aftermath of a Trade Truce between Trump & Xi, but the technical patterns show it is likely too early to get excited.
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USDJPY Technical Analysis: Inability to Break Higher Keeps Eyes on Lower
The Elliott Wave chart pattern for USDJPY shows the potential for a bearish reversal near current levels in continuation of wave ((c)) of a bearish zigzag.
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GBP/USD: Cable Bounces After Challenge of Three-Month Lows
The House of Commons vote is now just a week away, and Brexit is taking on an increasingly negative tone as the vote nears. But a mass of support remains underneath current price action.
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S&P 500 Still Below Resistance; ETH and XRP Continue to Fall
SP 500 rallied but still holds below recent resistance. Cryptocurrencies fall as they search for a base of support. The Elliott wave analysis has us searching for reversals.
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Will Robust Manufacturing ISM Index Bolster US Risk Appetite?
US Markit ISM Manufacturing Index jumps to 59.3 in November citing strong new orders. Will the strong reading add to equity investor confidence headed into year-end?
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