The Euro may fall as traders flee uncertainty amid conflicting reports about prospects for a budget deal between Italy and the EU.
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Tuesday, 11 December 2018
Monday, 10 December 2018
Asia Stocks Mixed, Sentiment Still Fragile on US China Trade News
Sentiment remains fragile, Asia stocks traded mixed despite S&P 500 recovery and US China trade discussions. Nikkei 225 sitting on support, Japanese Yen rose. European shares at risk.
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Gold Prices in the Balance if Yields, US Dollar Diverge Again
Gold prices may be trapped by conflicting influences if the US Dollar gains on haven demand while bond yields drop amid renewed risk aversion.
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USD/CAD Prices Vulnerable as Key Support is Breached
USD/CAD may continue to recover on interest rate differentials, but technical positioning hints at downside momentum. Will this attempt find follow-through?
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How New Brexit Developments Alter Possible Pound Scenarios
Following a delay in Prime Minister May’s Brexit proposal, GBP sharply declined. How will new developments further affect Great British Pound prices?
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EUR/GBP Technical Analysis: Brexit Bullish Push, 2018 Highs Next?
Brexit news propelled EUR/GBP prices higher despite technical bearish signs. If August 2018 highs are breached, bullish confirmation may result in testing August 2017 highs thereafter.
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Australian Dollar at Risk From Arrest of Huawei CFO Meng Wenzhou
The Australian Dollar has closed lower for five consecutive days after news broke of the arrest of Huawei CFO Meng Wanzhou, risking the possibility of a re-ignited US-China trade war.
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Dow Takes a Dip Into Breakdown Territory, Pound Stays There after Brexit Vote Cancelled
Both the Dow Jones and Great British Pound dipped into breakdown territory, as risk aversion and delayed Brexit negotiations dominated market sentiment.
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ASX 200 Technical Analysis: Gains Made Since 2016 Now Threatened
The ASX 200 has broken down to a new low for 2018, in the process putting focus on the long climb up from the lows of 2016
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USD/JPY Looks Past Mixed Business Sentiment, Eyes Risk Trends
USD/JPY ignored the release of fourth quarter business sentiment measures. Equities’ reactions to US-China trade negotiations and a potential no-deal Brexit will have more to offer.
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GBP Prices Tumble on Brexit News, AUD Faces Business Confidence
The British Pound tumbled on the latest Brexit news, Wall Street rallied with tech shares. Asia Pacific stocks may pause losses as Australian Dollar is at risk to business confidence.
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AUD/USD Rate Outlook Mired by Series of Lower Highs
AUD/USD may continue to give back the advance from the 2018-low (0.7021) as the exchange rate extends the series of lower highs from the beginning of the month.
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GBP/USD: Pound Plummets Through Key Support as May Calls Off Vote
It's been a rough start to the week for GBP bulls, and GBP/USD pushed down to fresh 18-month lows this morning, taking out a big support level in the process.
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Bitcoin Prices May Increase Despite Traders Remaining Net-Long
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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An Increase in Net-Long Suggests Prices May Continue To Drop
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
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USD/JPY 44.6% of traders are net-long indicating a mixed trading bias
The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.
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EUR/USD Weekly Price Outlook: ECB on Deck - Euro Levels to Know
Euro continues to trade just above key weekly support ahead of the ECB interest rate decision. Here are the levels that matter on the EUR/USD weekly chart.
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S&P 500 Breaks Important Support, US Dollar and ETH Consolidate
SP 500 broke the October low which opens the door for a much deeper correction. DXY and Ether consolidate and consider reversals.
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FX Week Ahead: November US CPI & Retail Sales, ECB Rate Decision
The second week of December promises a lighter economic calendar, although larger thematic influences (US-China trade war, Brexit, Fed hike cycle) remain in play.
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Oil Risks Range-Bound Prices Following OPEC Cut as Russia Eyes $55-65
Oil appears to have found a floor following the OPEC meeting, with Russia endorsing a price range of $55-65/bbl, but recent price action warns of range-bound conditions.
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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...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....