Sentiment in the financial markets remains constructive but prices are currently consolidating as traders consider whether to continue to increase their long positions in riskier assets.
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Tuesday, 16 April 2019
Top 5 Events: Q1’19 New Zealand CPI & NZDUSD Price Forecast
The Q1’19 New Zealand Consumer Price Index is due on Tuesday, April 16 at 22:45 GMT.
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Technical Outlook for EURUSD, GBP-pairs, Gold Price & More
The Euro is on approach to resistance, a few GBP pairs are starting to look attractive, and gold is pressing on the floor of a descending wedge.
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DAX 30 & CAC 40 Techical Outlook: Extending into Resistance
The DAX and CAC continue to be impressively strong but have resistance just on the horizon which could put a damper on a further rise in the near-term.
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Currency Volatility: NZDUSD Volatility Highest in 2-months, CPI Report Key to RBNZ Outlook
NZDUSD volatility surges ahead of the NZ CPI report. RBNZ rate cut would be a material risk to NZDUSD upside if inflation drops below expectations.
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EURUSD Price Breaks Below 1.1300 on ECB Growth Concerns Rumor
EURUSD slipped below 1.1300 after a newswire rumor pointed to concerns of some members of the ECB about the accuracy of their H2 growth rebound forecasts.
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GBPUSD Price Outlook Poor Even as UK Inflation Fears Mount
Average weekly earnings in the UK continue to rise faster than inflation. However, the chances of a UK rate rise – and hence a stronger Pound – remain remote because of Brexit.
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Gold Price Outlook: Technical Support Remains Under Pressure
Gold trades either side of an important technical support level and with little in the way of any other drivers, the next move may be to the downside.
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Monday, 15 April 2019
US Dollar May Rise on Growth Angst. S&P 500 Earnings to Fall?
The US Dollar may rise on haven demand amid worries about slowing global economic growth. Early results show earnings for S&P 500 companies are on pace to fall.
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Swedish Krona, Norwegian Krone Eye German Zew Survey, US Data
The economic docket in Sweden and Norway remains light, but critical data out of the US and Europe may jolt Nordic currencies. Swedish Krona traders are eyeing the upcoming Riksbank rate decision.
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ASX 200 Technical Analysis: Support Solid Despite Lack of Progress
The ASX 200 remains stuck below its last significant peak but it’s still comfortable at altitude and the bulls still have cause to hope
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S&P 500 Reversal Forming, Nikkei 225 Gains with Docomo Price Cuts
Equities traded little higher as the Nikkei 225 rose with NTT Docomo shares after smaller-than-expected price cuts. All the while, the S&P 500 is carving out a bearish technical pattern.
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USDIDR Eyes Indonesian General Election, China GDP, US Earnings
USD/IDR eyes Indonesia’s General Election. Meanwhile, the Philippine Peso and Malaysian Ringgit may be torn between first quarter China GDP and the ongoing US earnings season.
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USDNOK Testing Critical Support - USDSEK Stuck in Trading Range
USD/NOK is on the edge of breaking below a one-year upward-sloping support channel while USDSEK is looking to be stuck in last week’s range.
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Australian Dollar Wilts On RBA Minutes, Jobless Data Could Be Key
The Australian Dollar faded on the release of minutes showing the RBA apparently in agreement with futures markets on a rate cut being more likely than a rise now
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Crude Oil Prices May Fall Amid Fears of Slowing Global Growth
Crude oil prices may fall as a diverse array of economic releases stokes worries about a broad-based slowdown in global economic growth.
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USDCAD Support Held on Negative BoC Business Outlook, AUD Eyes RBA
The Canadian Dollar fell as BoC business outlook resulted negative, fueling interest rate cut expectations as USD/CAD support held. Ahead, AUD/USD may fall to support on RBA minutes.
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Crude Oil Price Under Threat on Potential End to OPEC Supply Cuts
West Texas Intermediate Crude oil touched $63.15 on Monday, the lowest level since April 5 as a Russian official questioned the adverse impact to their market share from OPEC+ orchestrated cuts.
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Gold Prices Approach April Low, Hold at Symmetrial Triangle Support
Recent changes in positioning suggest that, if a triangle breakout occurs, it would likely be to the downside.
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Spot EURNZD Could Swing Tomorrow from ZEW and CPI Data
High-impact economic data out of the Eurozone and New Zealand tomorrow has potential to send EURNZD gyrating in an otherwise quiet market.
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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....