Monday, 17 December 2018

EUR/USD Vulnerable as EU Commission Weighs Italy Penalty

EUR/USD may fall as the EU Commission meets on December 19th and may possibly discuss implementing the Excessive Deficit Procedure (EDP) against Italy amid the budget conflict.


from DailyFX - Feeds all https://ift.tt/2SS9cq4
via IFTTT

Why the Fed Won’t Relent to Trump’s Calls to Hike Rates, But the Market...

Once again, the US President Donald Trump has weighed in on the Fed’s plans to continue with its path of monetary policy tightening. Just a few days away, will the central bank heed his calls and shock the market?


from DailyFX - Feeds all https://ift.tt/2SOV8xs
via IFTTT

EUR/USD Technical Analysis: Chart Breakdown Exposes November Low

The Euro broke downward through the bottom of a Triangle chart formation, suggesting continuation of the down trend against the US Dollar is at hand.


from DailyFX - Feeds all https://ift.tt/2CkN9mB
via IFTTT

Did the S&P 500 Just Set Up a True Reversal in December, Before the Fed?

The S&P 500 dove to start the week defying both seasonal expectations and the norms of a downgrade in activity to observe for critical event risk (the Fed decision). Did this risk benchmark commit to a full reversal?


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

S&P 500 Peeks Below Trend Line Jeopardizing 10 Year Uptrend

S&P 500 tested an important trend line that may call into question the future potential of the ten year up trend.


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

NZ Dollar Gains With Local Business Confidence, Fed In Focus

The New Zealand Dollar ticked up on news that businesses were less gloomy in December. They’re still not happy, but there have been consistent improvements since the summer.


from DailyFX - Feeds all https://ift.tt/2A0CU5e
via IFTTT

S&P 500, Crude Oil Prices Beyond 14-Month Low. AUD, NZD at Risk

The S&P 500 and crude oil prices closed at their lowest in more than 14 months as sentiment quickly fell apart. The Australian and New Zealand dollars are vulnerable as Yen gains.


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

USD Bolstered by Robust TIC Flows, Price Action Remains Tied to Fed

Treasury International Capital flows released Monday revealed a net $42 billion entered the United States in October and bolstered the Dollar's position.


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

Will the Stock Market Crash in 2019?

The return of volatility to equity markets has spooked investors at a time when many economic indicators suggest we are near the end of a record long bull run. But is a crash really inevtiable?


from DailyFX - Feeds all https://ift.tt/2BrMFt1
via IFTTT

Gold Price Forecast: Monthly-High on Radar as RSI Clings to Bullish Trend

Gold prices eye the monthly-high ($1251) as the Relative Strength Index (RSI) clings to the bullish formation carried over from the previous month.


from DailyFX - Feeds all https://ift.tt/2QFE40f
via IFTTT

GBP/USD: Cable Pushes Above 1.2600 Ahead of UK Inflation, BoE

The British Pound is continuing to recover losses from last week's bearish breakout, and this sets the stage for UK inflation and the Bank of England.


from DailyFX - Feeds all https://ift.tt/2CiRXc8
via IFTTT

AUD/USD Price Outlook: Aussie Bounces from Big Support Ahead of Fed

Aussie is testing make-or-break support ahead of the FOMC interest rate decision. Here are the targets & invalidation levels that matter on the AUD/USD charts this week.


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

Price Decreased Since Early December

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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

Bitcoin: Traders Continue to Increase Net-Long Positions

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.


from DailyFX - Feeds all https://ift.tt/2A4x2rP
via IFTTT

Weekly Trade Levels for DXY, EUR/USD, NZD/USD, Gold, Crude & More

Webinar highlighting setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter heading into the Fed this week.


from DailyFX - Feeds all https://ift.tt/2PLM62B
via IFTTT

Oil Trade Below Russia’s Desire $55-65 Range Even as US Output Stalls

Crude oil may continue to consolidate even though Russia endorses a price range of $55-65 as it holds the monthly opening range.


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

USD Weakens as Markets Await Central Bank Bonanza - US Market Open

The US Dollar on the backfoot to begin the week with US data moderating, while markets await the central bank bonanza.


from DailyFX - Feeds all https://ift.tt/2BpU4ZL
via IFTTT

US Dollar Pulls Back from Yearly Highs Ahead of FOMC

The US Dollar is continuing to pull back after buyers shied away from last week's fresh yearly highs. This sets the table for the Wednesday FOMC rate decision.


from DailyFX - Feeds all https://ift.tt/2GnkpO7
via IFTTT

Sterling (GBP) Week Ahead: Brexit, BoE and FOMC on Tap | Webinar

Brexit will dominate proceedings this week with the FOMC rate decision and the latest Bank of England policy meeting following close behind.


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

Weekly CoT Update for Crude Oil, Gold, and Other Major Contracts

Large speculators continue to sell crude oil at a persistent pace, while the same group of traders is warming up to gold.


from DailyFX - Feeds all https://ift.tt/2EqbQPJ
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...