Sunday, 20 January 2019

Weekly Fundamental Forecast: Trade Wars, Chinese GDP and Rate Decision Bridge Themes and Event Risk

Risk appetite continues to gain a foothold across the market spectrum, but where is this enthusiasm coming from? In the week ahead, traders should expect headlines touching upon concerns over economic activity (particularly China), monetary policy (ECB and BOJ), international trade and political stability. Few of these themes favor bulls.


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Weekly Technical Forecast: Reversals are Taking with the Equites Up Four Week and the Dollar Back with Bulls

The overwhelming sense of dread and high volatility plaguing the markets through the end of the past year is slowly starting to lift. US equities have led risk trends to a four-week recovery that has overcome key levels while the Dollar has just recently saved itself from a full bearish reversal. Will this sense of recovery continue?


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EUR/USD Weekly Technical Forecast: Euro Dropping Towards Support, Bear-flag Building

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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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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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...