Thursday, 28 February 2019

EUR/USD Rate to Eye Monthly-High on Dismal U.S. GDP Report

The U.S. Gross Domestic Product (GDP) report may push EUR/USD towards the monthly-high (1.1489) as the growth rate is expected to slow to 2.2% from 3.4%.


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USD Wobbles on Technical Support Ahead of Q4 GDP

The US dollar index is treading water ahead of the latest look at US growth, while a handful of Fed members will also be speaking during the session.


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GBPUSD Price Analysis: No-Deal Brexit Likely Avoided

GBPUSD may see 1.35 on Brexit delay as likelihood of no-deal risks recede.


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AUDJPY Price Eases But No Panic Selling Despite Geopolitical Tensions

The AUDJPY cross rate, seen as a good indicator of market sentiment, is slipping back but there has been no panic selling despite a host of unfavorable political developments worldwide.


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US Dollar May Follow Yen, Franc Higher as Market Mood Sours

The US Dollar may follow the Japanese Yen and Swiss Franc higher as US GDP data amplifies fears about policy support amid global slowdown and shaky geopolitics.


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FTSE Technical Analysis – Rolling Over Towards Confluent Support

The FTSE has been slowly rolling over from resistance, next up on the radar is support via a couple different angles; traders must still be on the watch-out for Brexit headlines.


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Gold Price Analysis, Chart and Pivot Points

Gold may re-test resistance around $1,328/oz. after US - North Korea talks fail to produce a deal.


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Wednesday, 27 February 2019

Are Financial Markets Too Optimistic As Growth Crumbles?

Another day, another feeble economic data point from a major economy. As China’s manufacturing sector contracts again, markets may be pinning too much hope on a trade deal.


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Crude Oil Prices May Fall on Soft Fundamentals, Risk Aversion

Crude oil prices may retreat as a monthly EIA report and testimony from IEA Director Fatih Birol highlight soft supply/demand fundamentals while risk appetite fizzles.


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Asia Stocks Wobble as Trump-Kim Summit Cut Short, S&P 500 at Risk

Asia stocks wobbled as sentiment remained fragile, Nikkei 225 futures aimed lower after the Trump-Kim summit was abruptly cut short. S&P 500 futures hint of a top ahead of US GDP.


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EUR/USD Technical Analysis: Is the Euro Preparing to Turn Lower?

The Euro is showing signs of topping across multiple chart time frames, hinting that resumption of the 14-month drop against the US Dollar might be close at hand.


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Japanese Yen Technical Analysis: USDJPY Uptrend Still Worth Tracking

The Japanese Yen is stuck under broad pressure against the US Dollar and is likely to remain in this position for as long as risk appetite can hold up.


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USD/MYR, USD/IDR and USD/PHP May Reverse. SGD Sits Within Support

The US Dollar could be preparing to launch a recovery against the Malaysian Ringgit and Indonesian Rupiah. USD/PHP may turn higher as USD/SGD finds itself sitting within key support.


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S&P 500 Tips Breakdown as Trade Wars Lift and Market Prepares for US GDP

Trade wars and Brexit risks have faded significantly, but does that give the S&P 500 and Pound clearance for unchecked trends? Meanwhile, top event risk in US GDP will change the balance of key themes.


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Australian Dollar Wilts As China Manufacturing PMI Contracts Again

The Australian Dollar had been bouyed up by strength in domestic capital spending but it fell back sharply on news that Chinese manufacturing contracted once again this month.


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British Pound Rally Resumed. AUD/USD Eyes Capex, China PMI Data

Brexit news kept the British Pound rally alive as EUR/GBP’s dominant downtrend resumed. The S&P 500 barely closed lower amidst fragile sentiment. AUD/USD looks to key data.


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GBPUSD: Currency Volatility Curbed by Possible Brexit Delay

GBP implied volatility is on the decline for the 1-month forex option contract that expires on the March 29 Brexit deadline.


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Dow Jones, S&P 500 Await US Q4 GDP and Trade War Clarity

Thursday is a pivotal day for US equity sentiment and price action as the highly anticipated GDP data for the fourth quarter is released.


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DJIA: Dow Softens From 2019 Highs as 26k Re-Test Continues

US stocks have been on a strong run this year, but price action has started to test below a bullish trend-line, which may soon open the door for reversal potential.


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EUR/USD Rate Forecast: 2019 Range in Focus Ahead of ECB Meeting

Recent price action in EUR/USD brings the monthly-high (1.1489) on the radar as the exchange rate tracks the range from earlier this year.


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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...