Tuesday, 11 December 2018

As France, Italy, ECB and Other Euro Risks Rise, Watch EURCHF

Though there is clear leverage in fear over Brexit and the US trade wars, the most comprehensive risk may encompass the Euro. Fiscal stability and monetary policy intent raise the need to plot specific havens for this benchmark currency.


from DailyFX - Feeds all https://ift.tt/2C5pK8l
via IFTTT

Crude Oil Prices May Get Clashing Cues in US Inventory, CPI Data

Crude oil prices may get conflicting cues in US inflation and inventory flow data if the former boosts the Dollar while the latter reveals a larger drawdown than expected.


from DailyFX - Feeds all https://ift.tt/2LdndvI
via IFTTT

USD/SGD Prices Eye Reversal Pattern. False Breakouts in MYR, IDR?

The Malaysian Ringgit and Indonesian Rupiah might have had false breakouts against the US Dollar. Meanwhile, the Singapore Dollar is overshadowed by a bullish reversal pattern.


from DailyFX - Feeds all https://ift.tt/2EqW1Js
via IFTTT

Dow Wilts on Government Shutdown Threats, Pound Kept Off Balance by Confidence Vote Rumors

Just when it seems volatility may settle, the convergence of flighty markets and provocative headlines stirs the waters once again. Trade wars and government shutdown have kept US markets off kilter while Brexit fears are on high alert.


from DailyFX - Feeds all https://ift.tt/2Eu2KCu
via IFTTT

Euro in Focus as Markets Eye Upcoming European Council Meeting

The Euro will likely be the primary point of focus for investors as the European Council meets this week to discuss Brexit, the Italian budget, international affairs and the future of Europe.


from DailyFX - Feeds all https://ift.tt/2LinQ7D
via IFTTT

Japanese Yen Technical Analysis: USD/JPY Range Looks Safe Enough

The Japanese Yen is stuck in a wide trading range against the US Dollar which seems to enjoy quite strong base support. The same can’t be said for poor GBP/JPY however.


from DailyFX - Feeds all https://ift.tt/2SGitl6
via IFTTT

Fed Hike Bets Overshadow China US Auto Tariff Cut, AUD/USD at Risk

Improving US China trade news boosted European equities and the S&P 500 gapped higher. But momentum fell apart as Fed rate hike bets rose as a consequence. AUD/USD climb at risk.


from DailyFX - Feeds all https://ift.tt/2UBqlWM
via IFTTT

US-China Trade War: China Agrees to Slash Auto Tariffs, Dow Retreats

Substantial progress was made in the US-China trade war Tuesday as China’s Vice Premier, Liu He, announced a 25 percent reduction on tariffs of US autos.


from DailyFX - Feeds all https://ift.tt/2ryMszz
via IFTTT

Euro Forecast Weakens as Paris Riots Threaten Macron Presidency

The Italian budget deficit negotiations may be front and center, but civil unrest in Europe’s second largest economy is weighing on French bond markets, hurting the Euro.


from DailyFX - Feeds all https://ift.tt/2C4caCm
via IFTTT

Gold Price Forecast: Post-NFP Rally Met with Waning Bullish Momentum

The recent strength in the price of gold appears to be sputtering as the Relative Strength Index (RSI) flops ahead of overbought territory.


from DailyFX - Feeds all https://ift.tt/2EqxT9L
via IFTTT

NZD/USD Weekly Price Outlook: Kiwi Rally Runs into Resistance

The New Zealand Dollar is struggling after responding to confluence resistance last week. Here are the levels that matter on the NZD/USD weekly chart into the year-end.


from DailyFX - Feeds all https://ift.tt/2EpsBvd
via IFTTT

Sterling (GBP) Slammed Lower on No Confidence Vote Rumour

Sterling made a fresh 18-month low Tuesday after rumors hit the screens that the 48 letters needed to trigger a vote of ‘No Confidence’ in PM May had been handed in.


from DailyFX - Feeds all https://ift.tt/2Pxwpvx
via IFTTT

EUR/USD Caught in Congestion as USD Extends Fibonacci Support Bounce

The US Dollar came into this week on the ropes, quickly testing a key area of Fibonacci support. But bulls have come back with gusto since that support test.


from DailyFX - Feeds all https://ift.tt/2L8Lao1
via IFTTT

Technical Outlook for the USD Index, EUR/USD, EUR/AUD, Gold Price & More

The DXY is a chop-fest right now while the Euro continues to contract within a triangle, EUR/AUD has resistance worth watching, gold may climb a little higher before resistance.


from DailyFX - Feeds all https://ift.tt/2EoF2ri
via IFTTT

Dollar Bulls Not Out Yet amid DXY Index Bullish Outside Engulfing Bar

Despite breaking its uptrend from the September low, the DXY Index's symmetrical triangle since November remains in place.


from DailyFX - Feeds all https://ift.tt/2Ba2vZ8
via IFTTT

Market Sentiment Improving Only Marginally | Webinar

Trading sentiment remains very poor despite a modest improvement in confidence.


from DailyFX - Feeds all https://ift.tt/2QQz9ZA
via IFTTT

DAX 30 Technical Outlook – Near-term Downside Extended, but More to go Long-term

From a macro standpoint the DAX looks headed considerably lower, but in the near-term selling may be overdone.


from DailyFX - Feeds all https://ift.tt/2ruDun4
via IFTTT

Brent Crude Oil Price - Building a Trading Range?

Brent crude oil looks like it has made its low print for the year, but its upward trajectory is currently blocked by a combination of technical indicators. It looks like oil is starting to build a range.


from DailyFX - Feeds all https://ift.tt/2Pwjlql
via IFTTT

EURUSD May Weaken as ZEW Data Highlights Economic Weakness

EURUSD remains capped under 1.1400 for the time being and may struggle to push higher after the latest German ZEW data showed underlying economic weakness across the Euro-Zone.


from DailyFX - Feeds all https://ift.tt/2QqWkdA
via IFTTT

GBPUSD Price Stabilizes, Challenges Key Support Levels

The GBPUSD price is more stable Tuesday ahead of several important support levels but any break would send it even lower.


from DailyFX - Feeds all https://ift.tt/2QNpyCS
via IFTTT

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...