The Euro is backing down into support and may bounce, but overall a bear flag is under development and at some point likely to lead to another leg lower…
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Sunday, 20 January 2019
Dow Holds on to Trade War Hopes and Earnings, Others to China GDP
The US stock market will look to trade war developments and earnings season while other global equity markets will keep an eye on Chinese GDP figures.
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Saturday, 19 January 2019
Euro Forecast: Dour Mood Expected at ECB Meeting; PMIs on Wednesday
A busier week on the economic calendar should bring more attention back to the Euro, although the European Central Bank meeting on Thursday is the obvious top ticket item of the week.
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Crude Oil Forecast: Trading Higher Against 2019’s Wall of Worry
The crude oil price has climbed a wall of worry at the start of 2019, and now Brent is above $60 & WTI is above $50 with multiple supporting factors favoring the recent advance.
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Gold Weekly Fundamental Outlook: Will USD Gains and Returning Optimism Fade?
Gold price action faltered last week due to returning optimism in the markets, but is the reversal in trader sentiment here to stay?
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Gold Weekly Fundamental Outlook: Will USD Gains and Returning Optimism Fade?
Gold price action faltered last week due to returning optimism in the markets, but is the reversal in trader sentiment here to stay?
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Technical Outlook: S&P 500 Upside Limited, DAX Makes Topside Breach
Descending trendline to spark inflection point for S&P 500, while DAX breaches key resistance.
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US Dollar May Find Support as Global Outlook Worries Mount
The US Dollar may continue to find support in haven-seeking capital flows as key data from China, the EU and the IMF darken the outlook on global growth.
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US Dollar Weekly Technical Forecast: Rally Back into Consolidation Zone Improves Outlook
For the past week, the DXY Index has been moving in lockstep with stocks and US Treasury yields. There’s little reason to think that will change in the week ahead.
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Friday, 18 January 2019
GBP Fundamental Forecast: Bulls Taking Control of Sterling
Sterling rallied after PM May’s contentious Brexit bill was shot down in flames in the House of Commons and that leaves a No Deal Brexit increasingly unlikely.
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Sterling (GBP) Weekly Technical Outlook: Taking a Post-Rally Breather
A positive week for Sterling across the board ends with minor pull-backs ahead of the weekend.
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Trade Wars, Politics and Other Key Themes to Watch Next Week
Markets are driving forward despite the interference of distinctly disappointing event risk. It is important to know what dominant themes are influencing markets and where they currently stand.
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Gauging Dow and Dollar Recoveries Against Shutdown, Trade Wars and Politics
The S&P 500 has shrugged off fundamental threats to surpass the midpoint of its three-month tumble. How will Chinese 4Q GDP, the trade war and ongoing government shutdown effect this effort?
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The Aftermath of GBP and UK Assets on the Brexit & No-Confidence Vote
Listen in on a conversation between two DailyFX analysts about how trading opportunities may unfold after a handful of votes give the UK outlook a bit more clarity.
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AUD/USD, AUD/CAD Prepare for Next Big Moves as AUD/JPY May Reverse
The Australian Dollar generally struggled extending gains last week. AUD/USD and AUD/CAD may set the stage for their next big moves ahead. AUD/JPY may be on the verge of a reversal.
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Slowing China GDP to Curb AUD/USD Flash-Crash Rebound
Fresh data prints coming out the Asia/Pacific region may drag on AUD/USD as China is expected to grow at the slowest pace since the Great Financial Crisis (GFC).
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Gold Weekly Technical Outlook: Price Rejected at Downtrend Resistance
Gold has responded to slope resistance with prices snapping a four-week wining steak. Here are the levels that matter on the XAU/USD weekly chart.
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FTSE 100 Eyes Brexit Plan B, Record Chinese Stimulus Raises Alarm Bells
Concerns are continuing to mount over a slowdown in China, while UK assets yet again focus on Brexit.
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AUD/USD Technical Price Outlook: Aussie Recovery Losing Steam
A rally of more-than 6.6% off the monthly low takes Aussie just below technical resistance. Here are the targets & invalidation levels that matter on the AUD/USD charts
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Risk Assets Rejoice on New Trade Talk Hopes and Strong US Manufacturing Despite Weak Consumer Sentiment
Dow Jones and US Dollar jump to session highs as China may offer a path to eliminate its trade balance with the US in the most recent trade war development.
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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...
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