Wednesday, 6 March 2019

OECD Cuts Global Economic Growth Forecasts Again

The Paris-based OECD inter-governmental think tank argues that the global economy is slowing and will likely be weaker in nearly all G20 countries than previously expected.


from DailyFX - Feeds all https://ift.tt/2C3y6Nq
via IFTTT

Gold Price Sell-Off Slows Ahead of US Data Releases

Gold has dropped around $60/oz. in the past two weeks as the US dollar, and a risk-on theme pushed the precious metal to six-week low. The US dollar remains strong, but Gold may be oversold.


from DailyFX - Feeds all https://ift.tt/2EBOnd4
via IFTTT

Downward Pressure on AUD May Persist After Disappointing GDP Data

From both technical and fundamental perspectives, the recent decline in AUDUSD looks set to continue as chances rise of an Australian interest-rate cut.


from DailyFX - Feeds all https://ift.tt/2NJzj16
via IFTTT

Sterling (GBP) Price, Brexit News and Pivot Points Analysis

The British Pound remains rangebound as Brexit talks continue but Sterling’s implied volatility highlights price risks for the week ahead.


from DailyFX - Feeds all https://ift.tt/2EBsV83
via IFTTT

Yen and US Dollar May Rise Further on OECD Outlook, BOC Rate Call

The Japanese Yen and US Dollar may continue to rise as an OECD forecast update and BOC policy decision stoke global slowdown fears and sour market sentiment.


from DailyFX - Feeds all https://ift.tt/2H3sTcD
via IFTTT

DAX 30 & CAC 40 Charts – Big-picture Price Pattern Remains Threat to Rally

The short-term outlook from a risk/reward perspective isn't very appealing on either side of the tape for the DAX and CAC, today we'll look at a couple of signposts to watch.


from DailyFX - Feeds all https://ift.tt/2VGdPVo
via IFTTT

Crude Oil Prices May Fall as OECD, BOC Feed Global Slowdown Fears

Crude oil prices may fall as an OECD economic outlook update and a Bank of Canada policy announcement stoke concerns about global economic slowdown.


from DailyFX - Feeds all https://ift.tt/2CaAa6l
via IFTTT

Tuesday, 5 March 2019

Asian Stocks Mixed, Traders On Watch For US/China Trade Headlines

Many Asian stocks managed gains Wednesday with trade optimism still trumping gloomy local economic data out of Australia and China.


from DailyFX - Feeds all https://ift.tt/2UllAzT
via IFTTT

US Dollar Launches Bold Push Against SGD, MYR, IDR and PHP Prices

The US Dollar launched an aggressive push against various ASEAN currencies. USD/SGD cleared well-defined resistance, reversal patterns in USD/MYR and USD/IDR closer to confirmation.


from DailyFX - Feeds all https://ift.tt/2XIscuz
via IFTTT

Japanese Yen Technical Analysis: USDJPY Bulls Must Top 112.00

The Japanese Yen has been struggling against the US Dollar for much of 2019, and will probably continue to do so. The bulls’ next hurdle is proving troublesome, however.


from DailyFX - Feeds all https://ift.tt/2UnHvXo
via IFTTT

AUD/USD Plummets After Australian GDP Falls Short of Forecasts

A full report will be released shortly.


from DailyFX - Feeds all https://ift.tt/2VEEXEA
via IFTTT

USD Extends Rally, AUD/USD May Rise on GDP as Asia Stocks Wobble

The US Dollar extended gains on upbeat ISM non-manufacturing data. AUD/USD may rise on a better 4Q GDP report. Market mood during Asia’s trading session could be pessimistic.


from DailyFX - Feeds all https://ift.tt/2VDaKph
via IFTTT

Can Australian GDP Break AUD/JPY Congestion?

AUD/JPY has been range bound since January, but upcoming Australian GDP data could help break the congestion.


from DailyFX - Feeds all https://ift.tt/2SLaToN
via IFTTT

S&P 500 and Risk Keep Fragile Hold as Growth Updates Come In

Trade wars may be easing, but fears over growth are rising. Risk trends are tuned into the cross winds with the S&P 500 dangling after its technical breach. Ahead, we have OECD growth forecasts and the BOC decision.


from DailyFX - Feeds all https://ift.tt/2EHhrQa
via IFTTT

AUD/USD Rate Vulnerable to Slowing Australia GDP

Australia’s Gross Domestic Product (GDP) report may produce a bearish reaction in AUD/USD as the growth rate is expected to slow to 2.6% from 2.8% in 3Q 2018.


from DailyFX - Feeds all https://ift.tt/2J85XLl
via IFTTT

USDCAD 1-Week Implied Volatility at Highest Level Since January

Canadian Dollar forex traders are expecting heightened price volatility ahead of the Bank of Canada's upcoming interest rate decision.


from DailyFX - Feeds all https://ift.tt/2EvhiiE
via IFTTT

EUR/USD Rate Forecast: Bearish Series Brings 2019 & 2018 Low on Radar

EUR/USD may continue to consolidate ahead of the ECB meeting, with the 2018 & 2019 low on the radar as the exchange rate carves a string of lower highs & lows.


from DailyFX - Feeds all https://ift.tt/2TrnYIp
via IFTTT

FX Price Action Setups in EURUSD, USDJPY and USDCAD

EURUSD is testing range support as US Dollar bulls have come screaming back after last Thursday's GDP report and this morning's ISM numbers.


from DailyFX - Feeds all https://ift.tt/2UmQyYy
via IFTTT

Dow Jones Pressured by Export-Sensitive Sectors on China GDP

The five largest export sectors to China may see their underlying shares weigh on the broader market as China lowered growth forecasts.


from DailyFX - Feeds all https://ift.tt/2TtQtoN
via IFTTT

S&P 500 : Traders Net-Short Continue to Increase

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


from DailyFX - Feeds all https://ift.tt/2EM4WnG
via IFTTT

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...