Trying to untangle trade wars and unequipped central banks ramping up stimulus doesn’t balance against fear of recession and events like Brexit.
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Monday, 1 April 2019
EURUSD Risks Larger Rebound on Below-Forecast ISM Manufacturing Survey
Updates to the ISM Manufacturing survey may shake up the near-term outlook for EUR/USD as the index is expected to increase to 54.3 from 54.2 in February.
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EURUSD and Dollar Index (DXY) Charts Again Nearing Potential Turning Points
The Euro is sinking towards a big area of support while the DXY drives into resistance, recent history and low-volatility conditions suggest a turnaround of sorts may soon develop.
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GBPUSD Recovers, USDTRY Surges After Election - US Market Open
The Pound continues to rebound from the lows seen last week with the currency briefly pushing above the 1.31 handle.
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DAX 30 Technical Outlook: Strength Pushing Price Back into Major Resistance
The DAX rally is bringing major long-term resistance back into play; how will it handle it this time around?
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EURUSD Price Edges Higher, Shrugs Off Weak Inflation, PMI Prints
EURUSD opened Q2 on the front foot with marginal gains against a weak US dollar despite further confirmation of a weak manufacturing sector in the Euro-Zone and lower-than-expected inflation.
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GBPUSD Price Pushing Higher Ahead of Fresh Brexit Votes
Brexit will back on the agenda in Parliament later today when MPs vote on a set of indicative Brexit options again, with a customs union vote gaining traction.
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British Pound at Key Chart Level Before Still More Brexit Votes
The British Pound is challenging the bounds of its 2019 uptrend against the US Dollar before yet another round of indicative Brexit votes in the UK Parliament.
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Sunday, 31 March 2019
Asian Stocks Buoyed By China PMI Surprises, European Data Eyed
Asian stock markets were all green thanks to a return to growth for China’s makers after three months in the doldrums. Expansion was modest, but investors will clearly take what good news they can.
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Gold Price Chart Hints at Topping, US Data and Brexit Voting Eyed
Gold price technical positioning hints a top may be taking shape. US retail sales and ISM data as well as another round of Brexit votes are in focus ahead.
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USD/NOK, USD/SEK Eyeing US Data, ECB Publication, Brexit
The Swedish Krona and Norwegian Krone may be impacted by key US economic data, the ECB publication of the March meeting minutes and Brexit-related developments.
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ASEAN FX Vulnerable to Haven-Linked USD, US-China Trade Talks Eyed
The US Dollar rose against its ASEAN counterparts. The Greenback’s status as a safe haven may prove difficult for IDR, PHP to overcome. Markets eye next phase of US-China trade talks.
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Japanese Yen Weaker, China PMI Lifts Risk Appetite
The Japanese Yen ticked lower following another disappointing Tankan sentiment roundup. China’s weekend PMI snapshot was a bit less gloomy but huge demand question marks remain
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USD/CAD Fell to Support on GDP. Asia Stocks May Rise as Yen Drops
USD/CAD dropped to support on rosy GDP data, the British Pound fell after May’s Brexit deal failed to pass through Parliament, delaying the divorce. Asia stocks may rise as Yen sinks.
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Weekly Technical Forecast: S&P 500 and Oil Show Contrast Between Past Quarter and Next Week
We have brought to a close a week, the month of March and the first quarter of 2019. The performance registered between these time frames seems to look more remarkable the higher larger the lookback. While the S&P 500 and crude oil for example may have posted their best quarters in a year, recent price action looks far less vigorous.
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Weekly Fundamental Forecast: Recession and Brexit Worries face QE and Trade Talk Hopes
Risk trends still have the fundamental winds to their back, and speculatively-dependent assets such as equities and commodities have benefited. Yet, the balance of power and themes into the second quarter looks far less convincing than how markets have performed. Trying to untangle trade wars and unequipped central banks ramping up stimulus doesn’t balance against fear of recession and events like Brexit.
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Saturday, 30 March 2019
Weekly Equity Outlook: Dow Jones Eyes Breakout, FTSE 100 in Brexit Limbo
The Dow Jones and FTSE 100 posted impressive gains over the final week of the first quarter, but where are the US and UK equity markets heading next?
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Dow Jones, FTSE 100, DAX 30 and ASX 200 Fundamental Forecast
The Dow Jones will look to a slew of economic data out of the United States while the FTSE and DAX await Brexit clarification. Elsewhere, the ASX 200 awaits a rate decision from the RBA.
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Euro Weekly Forecast: New Month, Quarter Bring EZ Inflation, Brexit Latest, US NFPs
The start of the second quarter and the first week of April bring about the typical smattering of ‘high’ rated events, including the RBA meeting.
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Euro Weekly Technical Forecast: Breakdown Potential for Q2
EURUSD has spent five months in a range through a number of Euro-drivers. But with overbought retail sentiment and bears persisting, might a break be in store for Q2?
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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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....