Sunday, 13 January 2019

Euro Forecast: Fundamentals Continue to Erode - December CPI on Thursday

The Euro has meandered around at the start of 2019, lacking any clear direction. Why might that be the case?


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Saturday, 12 January 2019

EUR/USD Weekly Technical Forecast: Euro Hanging onto Breakout by a Thread

The Euro finally broke free from its range but is holding onto breakout levels by a thread; needs to get into gear soon.


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Japanese Yen Weekly Technical Forecast: Pause after Flash Crash Leaves Technicals Unchanged

The high yield, risk-correlated JPY-crosses continued to gain ground alongside equity markets rallying, while the pairs like EUR/JPY and USD/JPY lagged the pack. For these latter two pairs, more downside is not out of the question.


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Gold Weekly Technical Outlook: Four-Week Winning Streak Fails at 1300

The gold price advance has lost stream just ahead of key resistance on the fourth consecutive weekly gain. Here are the levels that matter on the XAU/USD weekly chart.


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US Dollar May Rise as Data Flow Drives Rethink of Fed Policy Bets

The US Dollar may trade broadly higher as a barrage of economic data prompts a deep rethink of the recent dovish shift in Fed monetary policy expectations.


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Crude Oil Forecast: Weak USD Gives Oil Biggest Weekly Gain in 2 Years

Crude oil’s outlook is dependent on factors of a weak US Dollar and an aggressive risk rally can continue to give oil the environment needed to support further strength.


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GBP Forecast: Brexit Vote on Tuesday Will Not End the Current Bedlam

Parliament will vote down PM May’s Brexit bill on Tuesday evening opening the door to further mayhem. When will Sterling throw in the towel?


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Technical Outlook: DAX Makes First Major Test, DJIA Gains Topping

DJIA may show gains beginning to Top Out. Meanwhile, the series of lower highs in the DAX may continue to suggest a bearish outlook.


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Dollar Has Made the Bearish Break, Now It Is Looking for Momentum

The Dollar finally broke from its restrictive two-month range this past week, but the fledgling bearish breakdown has proven tepid when it comes to momentum. Will the markets find more charge in subsequent technical cues?


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Dollar Has Made the Bearish Break, Now It Is Looking for Momentum

The Dollar finally broke from its restrictive two-month range this past week, but the fledgling bearish breakdown has proven tepid when it comes to momentum. Will the markets find more charge in subsequent technical cues?


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Friday, 11 January 2019

What If Critical Fundamental Threats Evaporated and Markets Still Dropped?

There are a host of systemic fundamental threats lurking beneath the market’s surface, each with the capacity to trigger collapse. Yet, their existence may also act as a temporary prop in the form of hope.


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Brexit and Earnings May Take the Market’s Wheel Over Shutdown and Trade Wars

Risk trends put in for a solid extension of a still-nascent rebound this past week. With the S&P 500 pondering life at former support, we have to identify what can reasonably drive the market’s next move.


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GBPUSD Weekly Technical Outlook: Light on the Horizon?

A chink of light for Sterling bulls as a series of lower highs is seemingly broken.


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Gold Traders Sidelined Awaiting Next Bullish Breakout

A rebound in US stocks has stymied gains in Gold this week, but lingering market risks could leave the safe haven positioned for further advances.


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Australian Dollar Cannot Bank On Trade Headline Support

The Australian Dollar has risen into the new year as hopes for détente between the US and China on trade have lifted risk appetite. This is likely to prove an unreliable source of support


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Australian Dollar Prices May Add Gains to USD, EUR But JPY Holds

Last week, the Australian Dollar hinted it was about to appreciate. Not only was that the case, but AUD/USD and EUR/AUD may extend their reversals. AUD/JPY may find that difficult.


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It’s 2019, And Risk Rallies As Powell Put Is In Play | DailyFX Podcast

The markets appear to be demanding a positive return on central bank policy, and the Fed looks ready and willing to provide.


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EUR/USD Weekly Price Outlook: Euro Rally Targets Turn or Burn Level

Euro has already posted a 2.3% range off the monthly low with price eyeing a critical resistance hurdle. Here are the levels that matter on the EUR/USD weekly chart.


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USD/JPY Flash-Crash Rebound Stalls, U.S. CPI Fails to Impress

USD/JPY may continue to consolidate following the limited reaction to the U.S. CPI as the exchange rate snaps the series of higher highs & lows from earlier this week.


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FTSE 100 Looks to Crucial Brexit Vote, S&P 500 Backs Off Resistance

Theresa May could be set for a large defeat on the Brexit vote next week. Elsewhere, dovish Fed helps lift US equities, however, gains look exhausted.


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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...