Sunday, 12 May 2019

US China Trade Impasse Stymies Risk Appetite Across Asia Once Again

As has so often been the case this year, trade between the world’s two largest national economies was to the fore in investors’ thinking Monday


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NOK Traders Eye Norway GDP, Crude Oil Prices, Trade War Talks

NOK traders will be eagerly awaiting the release of first-quarter GDP data, though optimism over the outcome may be overshadowed by shaky US-China trade relations and outlook the for crude oil prices.


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USDSGD, USDMYR, USDIDR, USDPHP at Risk to US-China Trade Anxiety

The Malaysian Ringgit, Philippine Peso, Indonesian Rupiah and Singapore Dollar fell on US-China trade war fears, a deal was not reached. Uncertainty poses a risk to them as USD gains.


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Gold Prices Eye Yields, Dollar as US-China Trade War Escalates

Gold prices are weighing the competing influence of bond yields and the Dollar as the trade war between the US and China escalates, souring the markets’ mood.


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USD/CAD Upside Breakout Denied by Jobs Data, Anti-Risk Yen Falls

USD/CAD seemed to experience a false upside breakout after solid Canadian jobs data. US-China trade deal optimism fueled ‘risk on trade’, can it last? AUD/USD is eyeing home loans data.


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Weekly Technical Forecast: Dow, Dollar, Gold Quiet Raises Red Flags

Just as breakouts had failed to take traction the week before, reversals from global equities, the Greenback and commodities this past week would not draw clear commitment from the markets. With volatility set to rise, can the markets continue to refuse a course of direction?�


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Weekly Trading Forecast: US-China Trade War Escalation Unnerves Risk

Complacency is increasingly dangerous with growth signals flagging and Trump considering another course trade conflict via autos.


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S&P 500, DAX Technical Forecast

S&P 500 posts largest weekly loss this year, while the DAX looks to tackle key support on a break below 12000.


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Dow Jones, DAX 30 and Nikkei 225 Fundamental Forecast

Trade wars were the dominant theme last week and could be again next week for the Dow Jones, DAX 30 and Nikkei 225 as President Trump weighs the option to impose auto tariffs.


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Saturday, 11 May 2019

EURUSD Weekly Technical Outlook: Euro Testing Resolve of Shorts

The Euro has been tricky with volatility keeping price congested, keep an eye on a developing price pattern on the 4-hr time-frame.


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Gold Price Forecast: Bullion Holds Bullish Support As Volatility Spikes

Trump induced trade turmoil has lifted volatility in multiple assets classes like equities and emerging markets, but internal measures may be showing that Gold could soon show up as the hedge on persistent market stress.


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Gold Prices Susceptible to Upbeat US Data Despite Threat of Trade War

The current environment may continue to drag on the price of gold as the Federal Reserve remains in no rush to alter the outlook for monetary policy.


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Dollar Flagging After its Breakout as It Struggles to Find Its Motivation

Risk trends and trade wars have made for an unsteady backdrop for the broader financial markets. For the Dollar’s part, there is a discernible lack of role as key breaks immediately revert to struggle.


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USD Torn Between S&P 500 Outlook, Dovish Fed as US Dollar Ranges

The US Dollar is facing competing fundamental forces as DXY eyes potential congestion. While USD may gain on US auto tariff fears, European data and US retail sales could be a risk.


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Friday, 10 May 2019

Crude Oil Price Forecast: Breakouts Await, Crude Oil Coil Continues

The bullish backdrop in Crude Oil has come into question as price action has spent much of the past three weeks coiling into a symmetrical wedge


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Crude Oil Prices Under Pressure From Souring Global Sentiment

Crude oil prices will likely continue to find themselves jerked between oscillations in market sentiment as fundamental themes increase pressure on investors.


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S&P 500 and Dollar Hold Firm, VIX Eases Despite Trade War Escalation

That wasn’t the market reaction we would naturally expect. Trump raised the tariffs on China imports to end this past week but risk assets not only held, they recovered. Is speculative appetite impervious? Not at all.


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AUD/USD at Support, GBP/AUD May Top as AUD/JPY Downtrend Extends

The Australian Dollar finds itself under technical pressure, with AUD/USD sitting at key support. AUD/JPY is adhering to a steady descending channel as GBP/AUD may be topping.


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Australian Dollar Could Get Some Respite If Employment Keeps Revving

The Australian Dollar is stuck between global risk appetite and domestic monetary policy. Official Australian employment data may offer some temporary diversion.


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Currency Volatility: EURUSD and AUDUSD Eye Data, US Tariffs

The risk of an expanding US trade war threatens the Euro and Japanese Yen while looming Australia jobs data places AUDUSD in jeopardy.


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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...