Asia Pacific equity was under pressure from the off, while the Yen caught a risk-averse bid, as Apple’s China worries added to already long list of negatives
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Wednesday, 2 January 2019
As the Dollar Hits a Two-Year High, Assessing its Drive
Whatever drives the US Dollar will most likely dictate the course of the global financial system. From broad risk trends to global monetary policy to a lack of options, this currency can be a key barometer as much as a trade candidate.
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Crude Oil Prices May Drop From Trend Resistance in Risk-Off Trade
Crude oil prices may turn lower having tested resistance defining the down trend since October as sentiment sours across global financial markets.
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Nikkei 225 Technical Analysis: Chart Pennant Suggests Further Falls
The Nikkei 225 is at what could be key junctures on both its daily and monthly charts, and things won’t look good for the bulls if support gives way
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S&P 500, Yen and Dollar Offer Mixed Risk Picture to Start the Year
While the S&P 500 managed a recovery through active trade Wednesday, the official start of the new trading year came with much more uncertainty – including a Yen pairs flash crash – than most traders would be comfortable with.
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NZD/USD Technical Analysis: 2-Month Low Hit, Deeper Drop Expected
The New Zealand Dollar has dropped to a two-month low after topping below 0.70 as expected. Overall positioning hints a move below 0.66 is in the cards.
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Apple Cuts Revenue Forecast on US-China Trade War, USDJPY Crashes
Apple plummeted in after-hours trading after a significant revision to their quarterly revenue projections. The company said demand from China was a headline contributor.
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AUD/USD Rate Trades Below 0.7000 for First Time Since 2016
AUD/USD trades below 0.7000 for the first time since 2016, with the exchange rate at risk for further losses as it snaps the range-bound price action from last week.
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US Stocks Gain Despite Lingering Government Shutdown
US stocks extend their 5 day gain after another volatile trading session, but the lingering government shutdown still poses risk to sentiment, economic growth.
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FTSE 100, ASX 200 Notch Largest Intraday Recoveries since 2016
The FTSE 100 equity index posted the largest lower wick since the election of President Donald Trump to start the New Year off with a strong recovery into a green close.
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Stronger Bitcoin-Bearish: Most Traders Stay Net-Long
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.
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S&P 500 May Reverse Higher As Sentiment Shifts
Recent changes in sentiment warn that the current US 500 price trend may soon reverse higher despite the fact traders remain net-long.
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EUR/USD Hits 2-week Lows, Outlook Bearish
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
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GBP/USD: Cable Crumbles After Year-End Rally Falls Short of Dec Highs
Bears are back in the British Pound, as the year-end rally in GBP/USD has given way to another test below the 1.2600-handle.
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Crude Oil Price 2019 & Insights from Daniel Lacalle
Best-selling author and chief economist, Daniel Lacalle reveals how a hedge fund manager will be trading in 2019 and beyond.
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DJIA: Dow Challenges Confluent Resistance After 38.2% Retracement
The Santa Rally didn't arrive until the day after Christmas, but after erasing 38.2% of the December sell-off, are US equity bulls back in control?
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Gold Price Forecast: Bullish Series Keeps June-High on Radar
Topside targets remain on the radar for gold, with the price for bullion eyeing the June-high ($1309) as it extends the bullish series from the previous week.
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EUR/USD Fails at 1.1500 as the USD Jumps from Test of Two-Month Lows
The US Dollar is catching a vigorous bounce after a test of the November low, helping EUR/USD to fall after a re-test of the 1.1500 psychological level.
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GBP & AUD Plunge, Risk Off Tone Sparks JPY Surge - US Market Open
A new year, however, the same problems persist for the Australian Dollar. GBP fails to receive a bid from firm Mfg. PMI. JPY surges on haven demand.
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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...