Thursday, 31 January 2019

DAX 30 & CAC 40 Charts: Channels Keeping Bullish Bias Intact (for Now)

The DAX and CAC have had reasons (resistance) for turning down, but as long as bullish channel structures remain in place.


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EURUSD Hitting Resistance After Dovish Fed Boost

A dovish press conference by Fed Chair Jerome Powell sent the USD scuttling lower late Wednesday, helping EURUSD back to the 1.1500 level and near the 200-day moving average.


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Euro May Drop with Stocks, Commodity Currencies on Soft GDP Data

The Euro may fall alongside stocks and commodity bloc currencies if soft fourth-quarter GDP data cools ECB rate hike bets and stokes global slowdown fears.


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Wednesday, 30 January 2019

British Pound at Risk on EU, UK Brexit Deal - Stalemate

The British Pound will be eyed by traders as the UK and EU attempt to reach a feasible Brexit deal before the deadline on March 29. The clock is ticking, and the outlook is as uncertain as ever.


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Most Asia Stocks Rise. US-China Trade Talks Next, S&P 500 May Fall

A cautious Fed led most Asia Pacific stocks higher except for the ASX 200. Ahead, S&P 500 might fall as US President Donald Trump and China’s Vice Minister Liu He have trade talks.


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Gold Prices Eye US, China Trade Talks After Fed-Inspired Surge

Gold prices soared following a seemingly dovish Federal Reserve policy announcement. The spotlight now turns to US-China trade talks in Washington, DC.


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Nikkei 225 Technical Analysis: Can Bulls Build On Solid Chart Support?

The Japanese equity benchmark looks quite composed at current levels, but it also has some key resistance close at hand which must be dealt with quickly


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AUD/USD Technical Analysis: Eyeing 0.73 After Swing High Break

The Australian Dollar is eyeing a return to the 0.73 figure after breaking chart resistance but longer-term positioning still favors a broadly bearish bias.


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Euro Vulnerable to EU Data Dump? Markets Eyeing Italian GDP

Is the Euro vulnerable to the cascade of European data scheduled to be released this week? Italian GDP will be monitored particularly closely given the controversial budget and state of the economy.


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Dollar Drops and S&P 500 Rallies on Dovish Fed, Euro’s Turn on GDP

The Fed decision proved a worthy fundamental spark for the Dollar and risk trends (like the S&P 500). The jury is still out on trends however. Ahead, it is the Euro’s turn to lead the docket with 4Q GDP figures.


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Fed-Boosted Australian Dollar Ticks Up On Modest China PMI Beat

The Australian Dollar had already risen sharply thanks to perceived rate dovishness from the Fed, but it rose again following China PMI data, despite news of further contraction in manufacturing


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Relatively Dovish Fed Catches US Dollar Off Guard, China PMI Next

An increasingly cautious and relatively dovish Fed sunk the US Dollar and bolstered the S&P 500 and Dow Jones. Softer Chinese Manufacturing PMI leaves AUD/USD, Asia stocks at risk.


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Gold Extends Bullish Series as FOMC Defends Larger Balance Sheet

Gold prices may continue to catch a bid following the Fed meeting as the precious metal extends the series of higher highs & lows from earlier this week.


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Facebook Stock Price Soars on Earnings Beat, Microsoft Misses

FANG member Facebook reported an earnings beat across the board Wednesday, sending shares 10% higher in after-hours trading.


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FOMC Leaves Rate Range Unchanged, Dollar Looks to Powell Presser

The US government shutdown will have a direct impact on how the Federal Reserve operates at the start of 2019.


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US Dollar Set to Be the Rudder of Risk Sentiment Post FOMC | Podcast

All eyes are on USD in the wake of the January FOMC meeting while developments in China could lead to further PBoC accommodation and credit spreads in Europe poor cold water on imminent contagion fears. All of this and more are covered on the DailyFX Podcast, Trading Global Markets Decoded.


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Canadian Dollar Price Outlook: USD/CAD to Threaten January Lows

The US Dollar remains at risk for further losses heading into major event risk this week. Here are the targets & invalidation levels that matter on the USD/CAD charts.


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FOMC Preview: EUR/USD Outlook Hinges on Fed Balance-Sheet Reduction

It remains to be seen if the Federal Open Market Committee (FOMC) will adjust the $50B/month in quantitative tightening (QT) amid little to no signs of a recession.


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US Dollar Steady ahead of January FOMC Meeting; US-China Trade Talks

The US government shutdown will have a direct impact on how the Federal Reserve operates at the start of 2019.


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AUD Soars on CPI, Gold Eyes Fed Meeting - US Market Open

The Aussie is soaring this morning following better than expected CPI data. Modest gains for the Pound today as markets assess Brexit developments.


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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...