The Australian rose initially as domestic interest rates sank to new record lows, probably because its central bank's statement was less dovish than the market.
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Monday, 3 June 2019
RBA Preview: Rate Cutting Cycle to Curb AUDUSD Rate Rebound
The RBA meeting may shake up the near-term outlook for AUDUSD as the central bank is expected to cut the official cash rate (OCR) to a fresh record-low of 1.25%.
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The Dollar and Nasdaq Tumble Should Seriously Concern Traders
Risk aversion has clearly carried over from last week, but more than that, the systemic complications plaguing the Dollar and the financial system in general seem to be causing more overt fissures in the markets.
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ASX 200 Resilience To Trade War Fears Falters, Key Support Looms
The ASX 200 had been quite immune to diminished global risk appetite but it’s now crumbling with other global stock market benchmarks
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AUDUSD Chart Analysis: Aussie Rebound at Resistance, RBA Eyed
An Australian Dollar rebound against its US counterpart as run into key chart resistance ahead of the RBA monetary policy announcement. What now?
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Aussie Price Outlook: Australian Dollar Breakout Vulnerable into RBA
The Aussie breakout is testing initial resistances targets with the RBA on tap tonight – a cut is expected. Here are the levels that matter on the AUD/USD charts.
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GBPJPY, GBPUSD Outlooks Weak as Bearish Momentum Rolls - Brexit Latest
The British Pound remains under pressure as UK PM Theresa May nears her resignation date on June 7.
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ISM Manufacturing Index Falls To Lowest Point Since October 2016
The Institute for Supply Management’s Manufacturing Index recorded one of its lowest headline figures since October of 2016.
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Weekly Trade Levels for US Dollar, Euro, Loonie, Yen, Gold & Oil
Webinar highlighting active trade setups we’re tracking into the weekly / monthly open. Here are the targets & invalidation levels that matter on the technical charts.
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Weekly Technical Forecast: Dow, Dollar and Oil Suffer Varying Degrees of Reversal
A slow turn in a host of benchmark assets this past week hit a flash point Friday with dramatic consequences. The US indices have triggered head-and-shoulders reversal patterns, oil dove beyond midpoint of its December to April rally and the usual safe haven Dollar checked lower. What do the charts say are in store next week?
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Gold Price Outlook: Gold Breaks Out, Goes Overbought - Levels to Know
Gold prices are starting June by continuing Friday's bullish breakout. With RSI going overbought and beginning to diverge, can bulls continue to push?
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USD Soft on Rising Fed Rate Cut Bets, AUDUSD Eyes RBA Rate Cut - US Market Open
The greenback is on the backfoot to begin the week as falling US yields and rising bets of Fed easing weigh on the USD. AUD risks short squeeze if RBA fail to meet aggressive dovish pricing.
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EUR Price Forecast: EUR/JPY Bearish Momentum Might Be Nearing its Final Stage
EUR/JPY resumed its downward move after days of seller’s hesitation. Here are key technical levels the pair may likely encounter in the coming days.
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Weekly Trading Forecast: How Will Risk Trends and Dollar Fare as Trade Wars Escalate?
Disparate fundamental themes are starting to coalesce into a clear sense of general risk aversion. While the US-China trade war was due to further simmer towards its next boil over, President Trump lit an unexpected fuse with the vow of a blanket tariff against Mexico. With the tallies from trade war damage growing more numerous, we may find growth concerns and incapable safety nets overwhelm market stability.
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Crude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT Report
Hedge funds have continued to exit their bullish positioning in the Brent crude oil. Coppers shorts hovering around 2019 and 2018 peak.
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FX Week Ahead: RBA Meeting, Eurozone Inflation, ECB Meeting, Canada Jobs, US Jobs
Join Senior Currency Strategist Christopher Vecchio, CFA live.
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AUDUSD Sentiment Most Bearish Since 2015, GBPUSD Shorts Soar - COT Report
Bullish positioning in the USD saw a marginal uptick ($200mln rise) with net long positioning edging back towards its recent peak vs G10 currencies.
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EURUSD Price Outlook Could Go from Quiet to Explosive
The Euro has been quiet while other major currencies have been on the move, but with a descending wedge nearing completion that could soon change…
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S&P 500 and Dow Jones Weakness Failing to Result In a VIX ’Event’
The market continues to roll lower out of a topping pattern, watch how the VIX reacts in the days ahead...
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...