Tuesday, 18 June 2019

Stocks Up On US-China Trade Hopes in APAC Trade, Fed Decision Due

The US-China trade war was back in focus Wednesday with hopes of a thaw between Donald Trump and Xi Jinping underpinning broad optimism.


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Crude Oil Prices May Fall with Stocks on Fed Rate Outlook Update

Crude oil prices may fall alongside stocks the Federal Reserve disappoints hopes for sharp dovish shift in the official outlook for interest rates, cooling risk appetite.


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USDMYR Uptrend Support Eyed as USDPHP May Fall to Key Price Level

The USDMYR uptrend was kept intact by a rising trend line, will it hold again? USDPHP pressured lower by falling resistance and may be looking at another retest of critical support.


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ASX 200 Aims At Record High As Technicals, Fundamentals Align

The ASX 200 has weathered risk aversion storms with surprising comfort and looks very well placed now that they seem to be subsiding.


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BRL Eyeing Selic Rate, Banco do Brazil and FOMC Commentary

The Brazilian Real may fall if commentary from central bank officials is underscored by dovish undertones – FOMC commentary also poses major risk to BRL volatility.


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Gold Price Forecast: RSI Triggers Overbought Signal Ahead of FOMC

Recent price action in gold keeps the topside targets on the radar ahead of the FOMC interest rate decision as the RSI pushes into overbought territory.


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US Trade Rep Lighthizer Testifies Before Senate Committee on USMCA

USTR Lighthizer testified before the Senate Finance Committee Tuesday morning as Congress continues to maul over the fine print of the USMCA as proponents attempt to inch the deal closer to passing Congress.


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Kiwi Price Outlook: New Zealand Dollar Counter-Offensive, First Test

A defense of the yearly lows in Kiwi has the recovery testing initial resistance targets ahead of the Fed. Here are the levels that matter on the NZD/USD price charts.


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EURJPY, EURUSD Rates Hit by Selling Pressure after Draghi Comments

With ECB President Mario Draghi talking up the possibility of more stimulus, the Euro is under renewed pressure across the board.


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Gold Price Gears Up for Another Shot at Big-Picture Breakout

Gold prices have remained on the move so far in June, but a big area of long-term resistance has come back into play. Can buyers finally elicit a push beyond this zone?


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USDCNH Drops, Dow Jones Pops as Trump and Xi Set to Meet at G20

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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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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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...