The Dow Jones added to already-established gains on Tuesday after President Trump announced he would meet with Chinese President Xi Jinping in Japan next week.
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Tuesday, 18 June 2019
Crude Oil Price Downtrend May be Over - Implications for USDCAD Rates
Crude oil prices have closed below their daily 8-EMA every session since May 22. The bullish key reversal forming today suggests the downtrend may be coming to an end.
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Currency Wars: Trump Blasts Dovish Draghi on Talk of Rate Cuts and QE - US Market Open
Dovish Draghi delivers as the Euro moves below 1.12, while inflation expectations rise over 5% after the ECB President paves the way for further stimulus.
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US Dollar Price Outlook: USD Back to 97.70, Bulls Push Ahead of FOMC
US Dollar bulls have come back to bid the currency higher after a test of a big zone of support. But can they keep control through tomorrow's FOMC?
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Market Sentiment Stabilizing | Webinar
Risk appetite remains poor in the financial markets but confidence seems to be steadying even though the geopolitical backdrop remains unhelpful.
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Dollar Chart Outlook: EURUSD, AUDUSD, USDJPY & More
The Dollar is propelling its way higher towards resistance; can it break out or will it be more of the same, stop and reverse?
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FTSE 100 vs FTSE 250: Impact of GBPUSD and Brexit Outlook
Risks to the UK are increasingly tilted to the downside as no-deal Brexit risks rise. Focus is on the impact that GBPUSD and Brexit has on UK equities.
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Sterling (GBP) Gripped by UK Leadership Vote, Hard Brexit Fears
GBPUSD continues to struggle around 2019 lows as the second round of voting for the Conservative leadership continues with the result expected late afternoon. And Brexiteer Boris Johnson, is currently a huge odds-on favorite for the role.
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EUR Hit Hard as Draghi Hints at Further QE, Key Focus on ECB Sintra Panel
EUR is eyeing its worse trading day in June as Mario Draghi reiterates that further economic stimulus is to be expected if market conditions continue to worsen. EURUSD falls below 1.1200 for the first time since the beginning of the month.
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US Dollar Price Eying FOMC Meeting – USD/CAD Price Important Resistance to Watch
Last week USD/CAD returned to the old consolidation zone. Here are the levels USD/CAD could be eying and the key prices that need to be considered.
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Gold Price Chart Patterns Set It Up for Selling This Week
Gold posted a strong reversal on Friday at a very big area of resistance; both gold and silver look headed lower in the days ahead.
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Monday, 17 June 2019
GBP Could Be Hit if US-China Trade War Makes London Pick a Side
Despite some well-publicized wobbles, the UK has walked the tightrope between Washington and Beijing quite well. Will it ever have to choose between them?
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Euro Braces for German ZEW Survey, Commentary from ECB and Draghi
EURUSD may fall if German ZEW data underperforms and commentary from ECB officials continues to underscore a need to introduce more Eurozone stimulus.
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Crude Oil, Gold Prices Look to Fed Rate Decision for Direction Cues
Crude oil and gold prices are looking ahead to the Federal Reserve policy announcement for direction cues. The balance of risks seems to bode ill for commodities.
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USDNOK’s Recovery May be Threatened by Dovish FOMC Commentary
After breaking below the lower lip of critical range, USDNOK has re-entered the area and is now aiming to breach the upper bound, though this could be undermined by a dovish Fed.
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Rupee Outlook Bearish if Trump Expands Trade War to India
The Rupee may weaken if Donald Trump slaps tariffs on India after Prime Minister Narendra Modi retaliated and raised levies on US goods, fueling trade war fears as USDINR rises.
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US Dollar May Sink if China Dumps Treasury Bonds. Will It Happen?
The US Dollar is likely to plunge if China deploys the “nuclear option” in its trade war with the US, selling its Treasury bond holdings. Is this likely to happen?
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Australian Dollar Wilts As RBA Minutes Say More Rate Cuts Likely
The Australian Dollar took a hit Tuesday as the minutes of the RBA's last monetary policy meeting found rate setters saying that further rate cuts are probable.
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RBA Minutes to Offer AUDUSD Little Relief Ahead of FOMC Meeting
The RBA Minutes may do little to prop up AUDUSD ahead of the FOMC meeting as the exchange rate extends the series of lower highs and lows from the previous week.
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Canadian Dollar Price Outlook: USD/CAD Recovery Eyes Trend Resistance
The US Dollar recovery has put Loonie on the defensive with price now approaching a key inflection zone. Here are the levels that matter on the USD/CAD price charts.
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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 -...