Gain in AUDUSD stalled, however, DMA support curbs further selling. AUDJPY risks remain tilted to the downside, while AUDNZD momentum slows.
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Monday, 14 January 2019
DAX 30 & CAC 40 Technical Forecast – Looking for More Near-term Weakness
Eurozone equities have weakened a bit the past couple of sessions, expecting more of a this in the near-term as the bounce off the lows undergoes its first test.
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USD/JPY Flash-Crash Rebound Looks to U.S. Retail Sales for Fuel
Data prints coming out of the U.S. economy may fuel the USD/JPY rebound following the flash-crash if the developments instill an improved outlook for growth and inflation.
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Crude Oil Analysis: Crucial Support Broken, Room for Further Losses
Oil prices dipped overnight after poor China trade data, which has led to fears of a Chinese slowdown resurfacing.
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Sterling (GBP): PM May Drinking in The Last Chance Saloon
The UK government is trying to force through their unpopular Brexit bill by claiming that the UK is more likely to stay in the EU if they reject the PM’s plan.
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Sunday, 13 January 2019
Yen May Extend Rise on Trade War, US Shutdown, Brexit Uncertainty
The Japanese Yen may rise further as signs of economic damage from the US-China trade war are compounded by the ongoing US government shutdown and Brexit uncertainty.
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USD/SEK to Rise on Weak Nordic Growth and European Turmoil
USD/SEK technical outlook indicates a bullish trend for 2019 amid forecasts of slower growth in Sweden and political turmoil in the EU.
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Cautious Fed, USD Drop Gives Bank of Indonesia Chance to Lift IDR
A cautious Fed weakened the US Dollar as stocks rose, giving the Bank of Indonesia a chance this week to boost the Indonesian Rupiah. Rosy US economic data a risk to ASEAN FX.
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USD/SEK May Trade Higher on Soft CPI Data - Nordic Growth to Slow
USD/SEK may break into a new trading range when Sweden’s CPI data is released on January 14. Economists and Riksbank officials are worried about unexpectedly slower growth.
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Asia Pacific Stocks Fall, Yen Gains as Viacom Signals China Exit
Risk appetite soured as Viacom said that it may exit its China operations. The news sank Asia Pacific stocks while the anti-risk Japanese Yen traded higher.
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Gold Prices Aim Higher as Viacon Exits China, Souring Risk Appetite
Gold prices may continue to rise as bond yields drop amid souring sentiment after news that media giant Viacom plans to divest from China.
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GBP Held to Gains, S&P 500 Ends Rise. NZD/USD Eyes Key Resistance
The British Pound held on to gains despite Brexit extension doubts, US Dollar had last-minute rally. Asia stocks may consolidate, NZD/USD faces critical resistance. China trade data up.
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Weekly Technical Forecast: Will Liquidity Define the Equities, EURUSD and Oil Reversals?
Though the intensity of their corrections vary - from the Dollar just recently slipping range support to the S&P 500 trying to claw out of its 'bear market' - we have seen a number of markets walk back meaningful breaks this past week. Are these true reversals or brief respite in prevailing trends?
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Weekly Fundamental Forecast: Trade Wars, Government Shutdown and Brexit Threaten to Stir Volatility
While this past week saw markets settle further from the unusually volatile December, traders should not grow too comfortable. There are a host of themes – from the US government shutdown to impending Brexit vote – which could readily offer a fundamental charge in the week ahead.
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FTSE 100 Awaits Brexit Vote, S&P 500 Looks to Earnings Season
Theresa May’s government will likely be the headline event of the week as it looks to pressure the FTSE 100. Meanwhile, US indices will enjoy a firmly dovish Federal Reserve.
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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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