USDCAD uptrend stalls at top-end of range, while support in CADJPY stems further declines for now. GBPCAD weak in the longer term.
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Wednesday, 24 April 2019
Trading Outlook for Dow Jones, DAX, Crude Oil, Gold & More
The Dow is nearing its old record high, DAX at trend-line resistance, crude oil staring down 67, while gold is at a make-or-break spot.
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EURUSD Price Outlook Steered by US Dollar Sentiment and Data
EURUSD price action remains under the influence of the US dollar and this is likely to increase with an EU data void through the rest of the week.
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Gold Price at Trend-line Support, Silver Price Pattern Near Triggering
Precious metals are precariously sitting on support levels, a trend-line for gold and pattern support for silver; will they hold or fold in the coming sessions?
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EURUSD Price Slips Back After Ifo Index Disappoints
Germany’s Ifo business climate index fell unexpectedly in April, confirming the current weakness of the German economy and sending the Euro lower.
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Crude Oil Price Outlook: Correction Lower May Be Short-Lived
Crude oil prices are easing back on suggestions that Gulf producers will raise their output and news of a larger-than-expected rise in inventories, but they will likely resume their advance shortly.
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US Dollar, Yen Rise as Currencies Question Wall Street Optimism
Currency markets are showing all the telltale signs of risk aversion despite exuberance on Wall Street even as S&P 500 technical positioning flashes warning signs.
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EURGBP Price Outlook - Grind Higher Slowing Down
EURGBP recent move higher is running out of momentum as strong resistance nears. While Brexit hits GBP, the Euro as a currency is also under pressure.
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Tuesday, 23 April 2019
Swedish Krona, Norwegian Krone Tense Up Ahead of US, EU Data
The Swedish Krona and Norwegian Krone will be keeping a close eye on US housing data and German IFO confidence indicators – SEK anxiously waiting for Riksbank rate decision.
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ASX 200 Holds Up On Australian CPI Miss, Other Asian Stocks Slip
Asia Pacific stock markets broadly failed to hang on to their gains despite Wall Street’s punchy Tuesday. Weak Australian inflation boosted the ASX but hit AUD hard
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BRL, Ibovespa May Rejoice as Pension Bill Survives First Vote
BRL and the Ibovespa will likely gain a boost when Brazilian markets wake up to the news that the pension reform bill survived its first congressional vote. What’s next?
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Crude Oil Price Chart Flashing Early Bearish Reversal Warning
Crude oil prices may turn lower if early technical clues pointing to ebbing upside momentum find a complimentary catalyst in incoming earnings reports.
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USD/PHP Uptrend Ahead? USD/SGD Aims for Range Ceiling, Breakout?
Philippine Peso weakness may extend as USD/PHP may be readying for a new uptrend as USD/MYR pauses its own. USD/SGD is aiming for range resistance and potentially an upside breakout.
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Dollar Short of Breakout, SPX Hits New Technical High, Earnings Stir Trade Wars
The return of liquidity seems to have revitalized an uneven appetite for risky assets. Will US earning continue to charge record highs without the global markets or will trade war implications draw more concern?
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AUD Plummets on Australian CPI - Aussie Eyeing US-China Trade War
AUD plunged following the release of worse-than-expected year-on-year CPI data. The sentiment-linked asset will now be closely watching the upcoming US-China trade talks.
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AUD/USD Technical Analysis: Key Trend Support Under Fire
The Australian Dollar is threatening a break of near-term chart support, setting the stage for what may be a trend-defining breakdown resuming last year’s dramatic selloff.
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AUD/USD May Turn on Channel Support. S&P 500, US Dollar, Yen Climb
The Australian Dollar may reverse on CPI data as AUD/USD sits on rising channel support. As the S&P 500 hit a record high, forex markets were hesitant. The anti-risk USD, JPY rose.
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Slowing Australia CPI to Keep AUDUSD Rate Under Pressure
Updates to Australia’s Consumer Price Index (CPI) may fuel the recent decline in AUD/USD as the is expected to narrow to 1.5% from 1.8% in the fourth-quarter of 2018.
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Dow Jones, Nasdaq 100 Await Key Earnings to Drive Price Action
A series of upbeat earnings released on Tuesday propelled two of the three major US equity markets to top all-time highs. Wednesday’s reports from the likes of Boeing and Microsoft will be critical for continuation.
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Currency Volatility: AUD and CAD Eyed Ahead of Aussie CPI, BOC Rate Review
AUD and CAD currency pairs could experience heightened price action tomorrow as forex traders react to Australian inflation data and the Bank of Canada's interest rate decision.
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