We have seen a significant drop in the perceived risk surrounding open-ended threats like the US-China trade war and Brexit this past week. Will this draw attention back to more tangible issues like tepid growth forecast and top market moving events like a range of rate decisions (ECB, RBA and BOC) or the fabled US change in NFPs?
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Sunday, 3 March 2019
Euro Forecast: January ECB Meeting to Highlight Risks to Eurozone
Inflation has been running more and more below the ECB’s medium-term target while topline growth readings have slowed. The odds of a hike around “summer 2019” have shrunk – and will likely evaporate this week.
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How Forex Traders Use ISM Data
Forex traders around the world closely watch ISM monthly manufacturing reports. Find out more about ISM data and how it impacts the FX market.
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Weekly Technical Forecast: Dow’s Incredible Climb is Slowing and EURUSD’s Range is Ripe
Volatility continues to drain from the market, cutting down the opportunities to jump start critical breakouts or trends. That is problematic for US indices like the Dow and S&P 500 given the remarkable run they’ve made these past two months. But it is just as burdensome for overdue ranges in FX like that of EURUSD or tentative breaks from USDJPY.
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Technical Outlook: S&P 500, DAX
S&P 500 upside remains capped at 2800, while DAX eyes further gains towards psychological 12000 level.
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Dow Jones Awaits Trade Data, DAX and ASX 200 Look to Rate Decisions
Equity indices will look to rate decisions and employment figures this week while trade wars remain a constant factor.
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Saturday, 2 March 2019
EURUSD Weekly Technical Forecast: Reversal, Price Pattern Point to Selling
The Euro posted a key reversal day on Thursday and then snapped a rising wedge formation, this has focus in the week ahead on lower prices.
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Gold Price: Weekly Technical Forecast
Gold endured intense selling pressure as the precious metal tumbled nearly 3 percent since last Friday.
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Dollar Forces EURUSD Break of Least Resistance, Other Crosses Loaded
From the DXY Dollar Index, this past week ended with a break following a path of least resistance. Yet, when we look at pairs other than the heavily-weighted EURUSD, there is more technical leverage at play.
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US Dollar May Rise on Economic Data, Global Slowdown Fears
The US Dollar may build on gains scored late last week as a flood of top-tier data drives Fed policy speculation while global slowdown worries stoke haven demand.
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Crude Oil Recovery Stalls as OPEC+ Alliance Comes Under Scrutiny
Comments surrounding the OPEC+ agreement appear to be dragging on crude, with the advance from the 2018-low ($42.36) at risk as the bullish momentum abates.
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Sterling Weekly Technical Outlook: GBP Slipping But Still Positive
Sterling-pairs are set to end the week in positive territory but off their best levels with further losses likely to be capped.
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GBP Fundamental Forecast: Positive Brexit Sentiment Feeding Through
Sterling is ending the week on the front foot against all majors as No Deal Brexit recedes further. Next week GBP-pairs are likely to be driven by data and releases from a wide range of global central banks.
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Friday, 1 March 2019
Crude Oil Price Forecast: Trump’s Tweet Sees Bulls Rush In
Crude oil dropped on a single tweet by US President Trump, but crude traders were not dismayed as price jumped back again on news of OPEC discipline and US crude imports fell.
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EURUSD Faces Inevitable Breakout but Can the ECB and NFP Really Trigger It?
The focus may shift in the week ahead from trade wars to growth, but the quiet registered in benchmarks like the S&P 500 and EURUSD should not be relied upon. There is still volatility brewing.
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Currency Market Implied Volatility: Week Ahead
1-week implied volatility on USD, AUD, CAD, GBP and other forex crosses suggests tame price action but could be signaling a 'calm before the storm.'
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GBPAUD Eyes Brexit Referendum Levels. AUDUSD, AUDJPY May Breakout
The aggressive rally in GBP/AUD may pause after failing to breach 2016 Brexit Referendum levels. Meanwhile, the reversal patterns in AUD/USD and AUD/JPY continue to brew.
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Australian Dollar Faces Busy Data Week, May Struggle For Gains
The Australian Dollar has got plenty of likely market movers coming its way, but the sum total of all of them may just add up to more falls
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Currency Market Implied Volatility: Week Ahead
1-week implied volatility on USD, AUD, CAD, GBP and other forex crosses suggests tame price action but could be signaling a 'calm before the storm.'
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Central Bank Weekly: Rebound in Fed Hike Odds Sinks Gold Prices
With various concerns subsiding this week, FX markets have started to price in a less dovish Fed moving forward. In turn, Gold prices have cratered.
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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 US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....