Friday, 22 February 2019

Trade War Breakthrough, Fed Testimony, Key Brexit Vote and More Ahead

A host of fundamental themes – including trade wars and fears of recession – continue to prod global markets, but commitment to fear or greed is still out of reach. Can we find a trend before next week’s overwhelming data run?


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AUD/USD, AUD/JPY and AUD/NZD Eye Trend-Forecasting Patterns

AUD/USD finds itself in a bearish reversal pattern while AUD/JPY appears to be in a bullish one. AUD/NZD solidified a descending channel. Will these patterns hold true ahead?


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Australian Dollar Market May Be Calmer, But Watch Trade Headlines

The Australian Dollar market has had a busy start to the year, with plenty of news drivers from every quarter. This week may see some respite


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What Is the Gold Price Rally Telling Macro Investors?

Risky assets continue to run higher despite the fundamental backdrop remaining relatively weak. This supplement to the DailyFX podcast shares why the price of gold and bonds are saying opposite things and what that could mean for FX, stocks, and commodities in general.


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Stock Market Fund Flows Remain Deadlocked Before Eventful Week

Exchange traded fund flows were muted again this week suggesting investors have mixed feelings on what to expect from next week’s loaded schedule.


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FX Setups for the Week of February 25, 2019

The US Dollar's February up-trend softened this week, and with Chair Powell set for two days of testimony next week, USD will remain in the spotlight.


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Australian Dollar Weekly Price Outlook: AUD/USD Recovery Vulnerable

Aussie is poised to post a weekly doji just above yearly open support- is the recovery still viable? Here are the levels that matter on the AUD/USD weekly chart.


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USD/JPY Rate Forecast: RSI at Risk of Flashing Bearish Signal

The failed attempts to test the 200-Day SMA (111.30) raises the risk for a larger USD/JPY pullback as the bullish momentum appears to be abating.


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EURUSD Range, USDJPY Strength in Focus for Next Week Ahead of Powell

USD buyers came back after this week's release of FOMC minutes from the January meeting; but that push has fallen flat, setting the stage for Chair Powell next week.


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US Dollar Bounce at Support Keeps Near-term Outlook ’Neutral’

Both Brexit and the US-China trade negotiations have key deadlines that could be pushed back as deals have yet to materialize.


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Crude Oil Extends Rally, GBPUSD Undeperforms , USD Eyes Fed Speak - US Market Open

Brent crude futures continues to edge higher as Saudi jawboning continues to take precedent over rising US oil supply.


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Charts for Next Week: EURUSD, AUDUSD, Gold Price & More

The Euro looks like it could be turning down soon while AUDUSD looks to continue yesterday's sell-off; gold too could be headed for trouble with a weekly key-reversal in sight.


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Gold Price Consolidates Further, Chart Remains Positive

Gold continues to nudge lower after hitting a fresh 10-month high on Wednesday. The current fall may have room to extend further but overall the Gold chart remains positive, for now.


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FTSE Technical Analysis – Price Resistance & 200-day MA Keeping Lid on Upside

The FTSE has stalled over the last week in a zone of resistance, moving lower into this zone not far above is the 200-day; drag expected to continue for the UK index.


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EURUSD Little Changed as German Slowdown Continues, Focus on ECB’s Draghi

EURUSD remains relatively stable, despite the softer IFO figures confirming the continued deterioration in the German economy.


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Technical Outlook: S&P 500, DAX

Key topside resistance in focus for the S&P 500 and DAX as signs of exhaustion raises scope for a near-term pullback.


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NZDCAD: Bearish Sentiment Remains in Place

NZDCAD has been stuck in a narrow range for most of 2019 but the bias remains for the pair to move lower.


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Thursday, 21 February 2019

Euro at Risk, Market Mood Hinges on Trump-Liu Metting Outcome

The Euro looks vulnerable as a deluge of event risk looms ahead. The overall market mood may hinge on the tone of US-China trade negotiations however.


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Asian Stocks Mixed After Wall St Slip. Rate Cut Hints Knock NZD

Domestic stock markets were a little fragile after a weak Wall St . lead. Trade talks between China and the US remain their main focus.


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Gold Prices May Fall as Risk Aversion, Fed Rethink Buoy US Dollar

Gold prices may fall, making good on bearish technical cues as haven demand and a rethink of the Fed policy outlook drive the US Dollar upward.


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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...