Sunday, 3 February 2019

PHP Eyes Busy Week, Asia Stocks at Risk if Sentiment Sours in US

ASEAN FX rose on a dovish Fed. The Philippine Peso may fall after CPI data and an interest rate decision. Risks S&P 500, US stocks face may reverberate into Asia if data outperforms.


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Euro May Retreat on Italian CPI - Markets Closely Watching Recession

The Euro may fall on Monday as Italian CPI data compounds an already gloomy outlook after the Eurozone’s third largest economy took the first steps into a technical recession.


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EUR/USD May Hold Steady as Investors Weigh Italy, Brexit Outcome

EUR/USD may hold steady in the short term as investors attempt to gauge the potential severity of a no-deal Brexit and the impact of Italy’s technical recession on the European Union’s economy.


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EUR/USD Technical Analysis: Candle Setup Hints at Euro Weakness

The Euro may be preparing to turn lower against the US Dollar after producing a bearish candlestick pattern on a test of 13-month downtrend resistance.


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Asia Stocks at Risk as S&P 500 Trims Gains on Solid US Jobs Data

The S&P 500 fell behind the US Dollar after a solid jobs report, highlighting the risks Wall Street faces. Asia stocks may fall as sentiment sours, ASX 200 upside momentum fading.


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Weekly Technical Forecast: Whether The Dows Trend or Dollar Range, Conviction Looks Wanting

Risk-leaning assets enjoyed a strong charge through this past week. Global indices, commodities and emerging market assets were all buoyed by a welcome return of capital to the weathered capital markets. Yet, momentum through this reversal has proven uneven and the high points of speculative appetite in the FX market have not followed in pursuit. Are our current bearings destined to change?


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Weekly Fundamental Forecast: Markets Look for Footholds to Keep Stocks, Oil Rising and Dollar Steady

As we transition into the first trading week of February, we leave behind the most optimistic January in over 30 years punctuated by a dovish Fed, end of a US government shutdown and a thawing in trade wars. Yet, aside from averting deeper fundamental threats, there has been little tangible improvements across the global markets. Will speculative enthusiasm overlook this deficit?


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Technical Outlook: S&P 500, FTSE 100, FTSE MIB

S&P 500 breaches trendline as Fed caves, FTSE 100 hovers above pivotal 7000 level ahead of BoE, FTSE MIB rejects key resistance.


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Dow Jones Winds Down Earnings Season, FTSE 100 Awaits BOE

The US stock markets will begin to wind down earnings season this week with notable reports from Google and BP still to come. The FTSE will look to the Bank of England.


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Saturday, 2 February 2019

EUR/USD Weekly Technical Forecast: Euro Levels to Watch High & Low

The Euro has been a difficult handle with volatility low, and it’s not likely to get much easier in the days ahead with levels on both sides, especially on the top-side.


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Euro Forecast: Quieter Economic Calendar Pushes Euro to Background

There are no ‘high’ rated events due out in the days ahead for the Euro, meaning external factors like Brexit and the US-China trade war negotiations will dominate price action.


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Gold Weekly Technical Outlook: Rally Eyes Resistance at 8-Month Highs

Gold rallied to eight-month highs on the back of the FOMC with price now testing Fibonacci resistance. Here are the levels that matter on the XAU/USD weekly chart.


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Gold Looks to Catch Breath After Prices Rally

Gold prices surge in response to a dovish Fed as a weak USD combined with safe-haven demand helped the commodity continue its upside breakout.


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Dollar Avoids Critical Breakdown, But for How Long?

The Dollar extended its tumble this past week helped along by the Fed’s dovish tone. Yet when it was time to establish conviction, bears couldn’t break 8-month channel support and the 200-day moving average. We are likely to see further attempts.


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US Dollar May Rise on Haven Demand as Market Sentiment Sours

The US Dollar may trade broadly higher in the week ahead as a dour turn in market sentiment stokes haven-seeking demand for the benchmark currency.


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Stock Market Fund Flows Reveal Record Intraday Outflow

The month of January saw the S&P 500 gain nearly 8% despite significant outflows from three of the largest index-tracking exchange traded funds.


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Sterling (GBP)Weekly Technical Outlook: Charts Levels Remain Intact

Sterling has moved lower over the week against EURGBP and GBPUSD after last week’s overbought conditions but both pairs have yet to challenge annulment levels.


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GBP Fundamental Forecast: Sterling Stable After Retrace

A disappointing week for Sterling bulls as positive sentiment started to wane after the EU refused to consider reopening the discussion on the Irish backstop.


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Crude Oil Forecast: Sharp Rebound Meets Inflection Point

Internal buying pressure is back in the crude oil market when looking at futures spreads, geopolitical tensions leading to supply constraints, or a stronger US earnings seasons all showing demand may be better than feared.


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Crude Oil Prices Risk Larger Recovery on Stagnant Non-OPEC Supply

Crude oil prices may continue to catch a bid as the OPEC and its allies remain committed in rebalancing the energy market.


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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...