Monday, 17 December 2018

Gold Price Analysis: Fed Meeting Crucial for Breakout

The topside breakout in gold had been somewhat short-lived after failing to consolidate at its best levels since July. Focus this week will be on the Fed meeting.


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Gold Prices Probe Support as US Dollar Gathers Steam

Gold price are probing chart support the US Dollar gathers upside momentum, putting de-facto pressure on assets seen as alternatives to fiat.


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EURUSD Likely to Fade Lower on Weak Data, Strong US Dollar

EURUSD is set to break back 1.1300 against the US dollar with this week’s data releases expected neutral to weak, while the FOMC is expected to hike rates again on Wednesday.


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Yen May Fall Further in Cautiously Optimism Start to Trading Week

The anti-risk Japanese Yen may fall further having lost ground in Asia Pacific trade amid a cautiously optimistic start to the trading week.


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Sunday, 16 December 2018

Asian Stocks Hold Up As Markets Look To Fed, US Dollar Gains Too

Asian stock markets looked with hope towards a Federal Reserve monetary meeting which may result in a more dovish interest rate prospect for 2019


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Japanese Yen Weekly Technical Forecast: The Good, the Bad, and the Brexit

The one place where the Yen is on its best footing is in its least reliable setup.


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Euro Forecast: In Wake of ECB Downgrades, Attention Back to Politics

Amid an otherwise quieter economic calendar this week, the ECB’s commentary will resonate as political risks in the Eurozone continue to increase.


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What do ASEAN and Emerging Markets Face in Final Weeks of 2018?

Are ASEAN and emerging markets vulnerable in the last weeks of 2018? S&P 500 closed at its lowest since April. Philippine Peso is at risk, undermined by China data and a trade deficit.


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Australian Dollar Bulls Might Get A Little Help From The Fed

The Australian Dollar remains quite well supported against its US cousin, and may be more so this week if the Fed sounds more cautious about 2019.


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ASX 200 Technical Analysis: Important Prop Still Holding

The ASX 200 remains in thrall to a long-dominant downtrend but an important near term zone of support is still holding the bears in check. Can it hold on into the holidays?


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Asia Markets Brace After S&P 500 April Low, Yen Prices May Gain

Asia Pacific markets are bracing this week after the S&P 500 closed at its lowest since April. The Australian Dollar looks vulnerable while the anti-risk Japanese Yen could gain.


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Weekly Fundamental Forecast: Fed, BoE and BoE Rate Decisions in the Last Full Week of the Year

There are a host of unresolved fundamental themes that will continue to harass the financial markets – trade wars, Brexit, EU budgets, political stability – but there is perhaps just enough breathing room to beat back the charge until 2019. That is perhaps with one exception…monetary policy.


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Weekly Technical Forecast: Dollar Tests 18 Month Highs While US Indices Break Support for an Interest Week Ahead

Liquidity is leaking from the markets fast as the year’s end approaches. That means the ability to leverage technical breaks or reversals into more meaningful runs is growing more and more fraught. And, that is what makes the Dollar’s and Dow’s moves to end this past week so provocative.


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Dow Awaits Fed, FTSE Looks to EU No-Deal Data. CAC to Protests

The Federal Reserve’s decision on Wednesday will likely dominate US equities this week while Europe has a plethora of events on the docket. As always, trade wars loom.


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Saturday, 15 December 2018

EUR/USD Weekly Technical Forecast: Euro Shorts in Charge on Tri-break

The Euro finally broke the triangle it’s been forming over the past month; lower prices ahead as it makes maybe its final meaningful move of the year.


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Is Gold Posed to Lose its Luster?

Gold is on a bullish breakout since its 6-month decline that began in April, but upcoming event risk may dampen XAUUSD performance over the short term.


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Gold Weekly Technical Outlook: Price Rally Pulls Back ahead of FOMC

Gold prices snapped a three-week winning streak as demand eases ahead of the Fed interest rate decision. Here are the levels that matter on the XAU/USD weekly chart.


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US Dollar May Rise as the Fed Checks Slide in 2019 Rate Hike Bets

The US Dollar may trade broadly higher against its major currency counterparts as the Fed policy announcement checks the slide in 2019 rate hike bets.


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Crude Oil May See Light in Tunnel As Oncoming Train

Despite seemingly good news to support the broad demand picture, crude has only moved sideways after falling 33% from the early October high leading traders to wonder if more pain is on the way.


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GBP Forecast: A Complete Lack of a Cohesive Government Blights Sterling

The UK government has yet again failed to convince anyone that its current Brexit stance is workable and that continues to paint a gloomy picture for Sterling


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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...