Tuesday, 2 April 2019

GBPUSD Price Rattled as EU Says No Deal Brexit Now More Likely

After another round of votes in Parliament produced no new ways forward, EU chief negotiator Michel Barnier said that a no deal Brexit was becoming ‘more likely’ by the day.


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AUDUSD Topside Limited as RBA Raises Risk of Near-term Rate Cut

A more cautious statement saw the Aussie bears come into action as rate cut risk heightens, however, soft labour market is needed for rate cut to materialise.


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Gold & Silver Price Outlook Remains Bearish, Big Support Tests in View

Precious metals are expected to remain heavy, and if support levels in the vicinity are broken then selling could accelerate.


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Gold Price Analysis: Sitting on Support, Will it Hold?

Gold is sitting on a noted technical support level and needs to hold this if the recent sell-off is to be reversed. US data during the week will guide the next move, culminating with the latest NFP release on Friday.


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USD/SEK, USD/NOK Recovery Suggests Underlying Bullish Outlook

After breaking through key support levels, USD/SEK and USD/NOK are beginning to rapidly recover, which suggests the outlook for the pair remains broadly bullish.


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Monday, 1 April 2019

Bitcoin Surges By 22%, Tops $5000 In Reminder of 2017’s Volatility

Bitcoin gave cryptocurrency-watchers a reminder of the heady days of 2017 by spiking up more than 20% at one point in the Asian session


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Crude Oil Prices May Retreat as Market Mood Sours, API Data Due

Crude oil prices may retreat after Monday’s spirited rise as market-wide sentiment sours amid worries about slowing global growth. API inventory flow data is due.


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Asia Stocks Hint Rosy Sentiment May Fade, Nikkei 225 Eyes Support

Asia Pacific benchmark stock indexes pared some of their upside gaps as optimism from Monday faded. The Nikkei 225 is sitting right above support. Ahead, risk aversion may build up.


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Brazilian Real Eyeing Industrial Production Data, Pension Reforms

The Brazilian Real will be watching today’s release of industrial production data in addition to keeping a close eye on Bolsonaro’s heavily scrutinized pension reform plan.


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AUD/USD Looks to Key US Data After RBA Rate Decision

The Australian Dollar violently swung before remaining broadly unchanged following the RBA rate decision. The pair is now looking ahead to key US data.


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ASX 200 Technical Analysis: Rise Puts 2019 Peak Back In Focus

The ASX 200 has broken its most-recent downtrend and now has its sights set on last month’s peaks. Above them, last August’s multi-year highs will be targeted


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AUD/USD Rate Tracks Bearish Trend Going into April RBA Meeting

AUD/USD continues to track the bearish trend from late-2018, with the Reserve Bank of Australia (RBA) widely expected to keep the cash rate at the record-low in April.


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Dow and Yields Swell as Data Boosts Growth Hope, Don’t Buy In

The S&P 500 gapped higher on the open the fifth day in a row and the Dow broke range resistance. Risk appetite was in play to start the quarter, but are there legs to this charge? Certainly not in growth forecasts.


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S&P 500 Uptrend Eyed, Risks for AUD/USD Tilted to Upside on RBA

The S&P 500’s uptrend carried on as markets focused on upbeat US ISM Manufacturing PMI data. Ahead, the risks for AUD/USD are tilted to the upside on April’s RBA rate decision.


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FX Week Ahead - Top 5 Events: RBA Meeting; ECB Minutes; US NFP & More

The start of a new month and quarter brings about the typical smattering of ‘high’ rated data releases and events.


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Top 5 Events: March Canadian Jobs Report & USDCAD Price Outlook

Markets are expecting the Canadian labor market to cool off after exceptionally strong gains in January and February.


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Top 5 Events: March US Nonfarm Payrolls & EURUSD Price Outlook

Markets are expecting the weak February print of 20K to be a one-off; consensus calls for 170K.


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Top 5 Events: March ECB Meeting Minutes and EURJPY Price Outlook

At the March meeting, the Governing Council announced its intention to start a third TLRO program.


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Top 5 Events: March US Durable Goods & USDJPY Price Outlook

Q1’19 US GDP expectations continue to rebound after bottoming out at 0.2% in the second week of March.


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GBPUSD Eyes Support as UK Parliament Rejects Brexit Alternatives

GBP/USD tumbled towards trend-defining support as the UK Parliament voted again to reject all Brexit alternatives, increasing the risk of a ‘no deal’ divorce with the European Union.


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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...