ASEAN currencies rose versus the US Dollar as the improvement in sentiment sunk demand for haven assets. US China trade deal bets mean risks for IDR, PHP, SGD, MYR tilted lower.
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Sunday, 27 January 2019
USD/SEK May Dip on Sweden’s Trade Data, US-China Talks, EU Peril
The Swedish Krona may fall on January 28 as Sweden prepares to release its Trade Balance. Slower growth in the European region may continue to weigh on economic indicators and the Krona.
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EUR/USD Technical Analysis: Bias Bearish Despite Sharp Upswing
The Euro looks to be resuming the downward trend started in January 2018 against the US Dollar, despite scoring the largest one-day rise in two weeks.
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US Dollar Tumbled as Haven Demand Ebbed, Asia Stocks May Climb
The US Dollar suffered as an improvement in sentiment sapped the appeal of haven assets. Nikkei 225 is still at risk to a bearish reversal as AUD/USD faces near-term resistance.
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Weekly Technical Forecast: Equities Continue to Drive Higher as the Dollar Slides
While broad ranges carved out by markets over the previous three months are still standing, a rise in volatility raises the stakes and probability of significant technical breaks in the coming weeks. With the Dow pushing deeper into its recovery, crude oil extending its reversal pattern and GBPUSD clearing its 200-day moving average; momentum may soon follow volatility.
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Weekly Trading Forecast: Beware Volatility Between the Fed, NFPs, GDP and Trade Wars
The fundamental environment will grow increasingly tumultuous over the coming week. We wil continue to sort through general themes like the lifting of the US government shutdown and ongoing threats of trade war and Brexit. However, we are also coming into high profile, discrete event risk as well like the Fed’s rate decision, NFPs and Euro-area GDP updates.
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Technical Outlook: S&P 500 Trendline Resistance in Focus, FTSE MIB Breaks Double Top
Descending trendline to spark inflection point for S&P 500, while FTSE MIB raises scope of pullback
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Stock Markets Look to Earnings and FOMC, DAX to Eurozone GDP
The US stock market will look to earnings from some of the major corporations like Microsoft, Amazon and Facebook. Elsewhere, the DAX will look to German employment data.
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Saturday, 26 January 2019
EUR/USD Weekly Technical Forecast: Euro Breakdown a Fake-out?
The Euro broke support on Thursday with the help of the ECB but was reversed on Friday casting a shadow on the bear-flag breakdown.
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Gold Weekly Technical Outlook: Price Rally Testing Trend Resistance
Gold is testing critical down-trend resistance and we’re looking to validate a possible breakout. Here are the levels that matter on the XAU/USD weekly chart.
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Gold Prices Eye Fed Rate Decision and US-China Trade Talks Next
After Gold’s sharp rally on Friday, price rests at a crucial inflection point ahead of the Fed rate decision and US-China trade talks.
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Dollar Ends Week With Its Worst Drop in 4 Months, Still Not a Break
The Dollar was shaken out of its stasis at the end of the past week with a sharp rally on Thursday and larger tumble Friday. Despite the late fireworks, a broader range still holds. Will we finally break free this week?
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US Dollar Torn Between Domestic Strength, Global Headwinds
The US Dollar may be torn between signs of economic resilience domestically and worrying developments abroad. Another round of trade war negotiations is a wild card.
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Friday, 25 January 2019
Sterling (GBP) Weekly Technical Outlook: Preparing For Further Upside?
A good week for Sterling bulls with gains across most GBP-FX pairs. The technical outlook remains positive despite the light sell-off into the weekend.
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GBP Fundamental Forecast: Positive Backdrop, Bullish Outlook
Sterling is coming off its weekly highs heading into the weekend, but the outlook for a reinvigorated British Pound remains bullish.
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Shutdown End Lacks SPX Lift, EURUSD and GBPUSD Geared for GDP, Brexit Vote, Fed
We ended this week with a few high profile fundamental updates and unexpected volatility from certain market benchmarks. Next week, the laundry list of event risk is long. Will it lead to a proportional level of volatility?
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Crude Oil Forecast: Prices May Continue Climb on GDP Growth Recovery Bets
Factors that dragged global growth forecasts lower could subside which has potential to rejuvenate the world economy and oil demand.
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Crude Oil Forecast: Prices May Continue Climb on GDP Growth Recovery Bets
Factors that dragged global growth forecasts lower could subside which has potential to rejuvenate the world economy and oil demand.
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Crude Oil Forecast: Sharp Rebound Appears Set To Continue
The crude oil price has risen nearly 30% from the late December low, and the pace of the jump with the volatile fundamental background may continue to support further gains toward the lower $60s.
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Global Growth May Be Cooling, But Bulls Remain | Podcast
Despite a slew of worrisome headlines to close out 2018, 2019 has come into view with a decelerating growth story that hasn’t worried bulls all the much.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...