Tuesday, 11 June 2019

Asian Stocks Mixed With Chinese Inflation Weighing, US CPI Coming Up

Asia Pacific equity markets put in a scrappy mid-week performance as investors looked ahead to key US numbers.


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ASEAN FX Chart Analysis: USDPHP Bottoms? USDSGD Downtrend Struggles

Can US Dollar gains against the Philippine Peso last after USDPHP appeared to bottom? A new uptrend seems to be guiding USDMYR higher as USDSGD consolidates between key levels.


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AUD Bulls Can’t Count on the RBA, But Iron Ore Prices May Slow Its Fall

The Australian Dollar will struggle with low interest rates for a long time to come, but rising iron ore prices will counter at least some of their effects.


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Dow Posts First Drop in 7 Trading Days, Trump Stirs Trade War Fears

The risk appetite charge has officially flagged this past session. With the Dow breaking its bullish streak well short of record highs, the questionable source of confidence in trade wars and monetary policy draws closer scrutiny.


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Australian Dollar Slips As China May CPI Rate Hits 15-Month High

The Australian Dollar faced tough data both foreign and domestic as China’s inflation rose as expected and local consumer confidence wilted.


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Brazilian Real, Ibovespa Index Forecast: Major Breakout Ahead?

USDBRL and the benchmark Ibovespa equity index are teetering on the edge of major price levels. If breached with follow-through, a selloff or rally may ensue.


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Strong China Consumer Price Index (CPI) to Fuel AUDUSD Rate Rebound

Updates to China’s Consumer Price Index (CPI) may fuel a larger rebound in AUDUSD as the headline reading is expected to pick up for the third consecutive month.


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Litecoin Price Surges to Yearly Highs as Crypto Rally Continues

With Bitcoin's rally under pause, Litecoin has picked up the torch – pressing to yearly highs as the performance of some key cryptocurrencies continue to outpace other assets in 2019.


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Gold Price Outlook: XAU Plummets from Yearly Highs- Bulls Eye Support

Gold prices are down nearly 2% from the yearly high and we’re on the lookout for support just lower. Here are the levels that matter on the XAU/USD charts this week.


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Crude Oil Price Test of Downtrend May Determine USDCAD’s Next Move

USDCAD losses in recent days have coincided with an uptick in crude oil prices. Will they continue?


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Gold Price Pullback the Start of a Healthy Correction as US Dollar Rebounds

Given recent technical observations about the state of the gold price rally, the turn in sentiment around US-led trade wars is quite a coincidence.


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Trading Reversals with the Harami Candlestick

Reversal strategies are risky, but a Harami candlestick can be used to help pick a point of entry in a reversal. Find out more…


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Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms - US Market Open

JPY on the backfoot once again as risk appetite sees equity markets bid, GBP briefly breaks 1.27 on firm jobs data, while NOK outperforms ahead of next week’s Norges Bank rate rise.


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US Dollar Price Outlook in EUR/USD, GBP/USD, AUD/USD and USD/CAD

The US Dollar has finally found some element of support at a key Fibonacci level which is confluent with the 200-day moving average. Can it hold?


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GBPUSD, AUDUSD, Gold, and More - Technical Outlook

The Dollar is sitting on substantial support, but will it hold? AUD and GBP have opposing looks to one another versus USD, while gold has major resistance to contend with.


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Currency Volatility: EURUSD, AUDUSD, USDTRY Weekly Outlook

Weak US data and rising Fed rate cut bets see EURUSD risk reversals at highest in over a year, while AUDUSD vols jump ahead of key jobs report.


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EURUSD Price Outlook Cloudy - ECB’s Rehn Talks Rate Cuts and More QE

The ECB remains ready to adjust monetary policy, including lowering interest rates and re-starting QE, if conditions dictate, according to governing council member Olli Rehn.


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EUR/JPY Eying the Higher End of the Current Trading Range

EUR/JPY recovered 1.4% of its value last week after printing its lowest level in six months. Here are the significant resistance levels the pair may encounter in its rally.


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DAX 30 & CAC 40 Techical Outlook Generally Positive

The DAX has resistance levels to trade through, but could soon be at new yearly highs; CAC is lagging behind and if Europe stalls it is set up to lead lower.


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GBPUSD Price Outlook: Firm UK Jobs Data Emboldens BoE Hawks

GBPUSD lifted on robust UK jobs report, however, lack of clarity regarding Brexit reduces the likelihood of a BoE rate rise this year.


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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...