Wednesday, 27 March 2019

US Dollar Gains as Yields Drop; US-China Trade War Update; Brexit Latest

The DXY Index is down for a fourth day as the European currencies continue to make up ground as hopes to avoid to a “hard Brexit” scenario are building.


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EURUSD Bounces from 1250 as Kiwi (NZDUSD) Crumbles From Resistance

Ranges and congestion remain across a number of FX pairs with the end of Q1 drawing near; but a pronounced reaction in NZDUSD showed last night in response to RBNZ.


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Crude Oil Prices May Resume Their Advance

Crude oil prices are marginally weaker Wednesday after the latest US inventory data but the fundamentals remain positive.


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Brexit Latest Curbs Sterling, RBNZ Turns Dovish - US Market Open

Sterling (GBP) traders are sitting on their hands ahead of a series of indicative Brexit votes later today. On the other side of the world, the RBNZ highlights reasons for an interest rate cut ahead.


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Top 5 FX Events: Third Brexit Vote & GBPJPY Price Outlook

The Brexit extension from March 29 to April 12 is contingent upon the UK parliament passing Prime Minister Theresa May’s Withdrawal Agreement.


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Trading Outlook for Gold Price, Crude Oil, Dow Jones, DAX 30 & More

Channel in gold offers clean guide, crude oil near upper-end of channel, Dow could be building triangle pattern, while the DAX may be heading lower soon.


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S&P 500 and Dow Jones Charts May Be Working Towards Tradeable Formations

The S&P 500 may be in the process of developing a rising wedge while the Dow works on a symmetrical triangle under resistance, more time needed but explosive move could develop with time.


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EURUSD Price Remains Under Pressure, ECB’s Draghi Reiterates Downside Risks

The Euro continues to trade below 1.1300 against the US dollar with the latest downside nudge fueled by today’s ECB caution.


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Brexit Votes May Distract From Global Slowdown Worries

Financial markets may be distracted from worries about a slowdown in global economic growth as traders eye another round of votes shaping the trajectory of Brexit.


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GBPUSD Outlook: Brexit Voting in Parliament to Dominate Trading

The GBPUSD price is still heading lower ahead of another important day for Brexit but day traders should be wary of extreme volatility.


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GBPNZD: Dovish RBNZ Fuels a Bullish Bias

Bullish sentiment in GBPNZD is set to grow in the short- to medium-term after the New Zealand central bank admitted that the next move in its Official Cash Rate (OCR) is lower.


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Tuesday, 26 March 2019

Asian Stocks Mixed, China Mainboards Gian Despite Dire Profit Slump

Asian mainboards put in a patchy midweek performance with Wall St. ‘s modest gains helping to mitigate some weak regional numbers


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Crude Oil Prices May Fall on Growth View, Confirming Chart Setup

Crude oil prices may fall as worries about a slowdown in global economic growth resurface, confirming bearish cues in technical positioning.


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Japanese Yen Technical Analysis: USD/JPY Fall Stalls At Key Prop

The Japanese Yen has at last broken out of this years long downtrend against the US Dollar, but its gains seem to be losing momentum before they've gone very far


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EUR/USD Technical Analysis: Euro Set to Test Below 1.12 Again?

The Euro may be heading back below the 1.12 figure to test the March swing low against the US Dollar after a would-be upside breakout fizzled.


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Dow’s Biggest Bullish Gap in 2 Months Holds Little Promise, Euro Sinks EURUSD

A hefty gap higher followed by absolutely no follow through: the performance from the benchmark US equity index is a remarkable stand in for the sentiment conducting the pace of sentiment across the financial system.


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NZDUSD Tumbles Through Support as RBNZ Hints Rate Cut as Next Move

NZD/USD tumbled, clearing support as the RBNZ left rates unchanged and hinted that it is more likely that its next rate move could be a cut as risks to the outlook shifted lower.


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Yen Weakens as Crude Oil Prices Rise. NZD May Fall on Dovish RBNZ

The anti-risk Japanese Yen fell as sentiment mostly improved and crude oil price gains fueled energy sector stocks. Ahead, NZD/USD may fall if the RBNZ talks up rate cut prospects.


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NZD/USD Rate Outlook Remains Constructive Ahead of RBNZ Meeting

The RBNZ meeting may shake up the near-term outlook for NZD/USD as the central bank shows little to no interest in altering the outlook for monetary policy.


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Top 5 FX Events: March RBNZ Meeting & NZDUSD Price Outlook

Rates markets are currently pricing in a 0% chance of a rate move by the RBNZ this coming week.


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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...