USDSEK Retesting Critical 17-Month Rising Support - Break Ahead?

USDSEK is trading at the cusp of former support now-turned resistance while USDNOK and NOKSEK appear to have entered congestive periods.


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Crude Oil Prices Shrug at OPEC Output Cuts, Chart Hints at Top

Crude oil prices shrugged at an OPEC decision to prolong coordinated output cuts through early 2020 even as technical positioning warns that a turn lower may be in the works.


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EU-Mercosur Deal Achieved After 20 Years Despite US Threats to Global Trade

As Donald Trump is threatening to increase protectionism in world trade the EU is doing just the opposite by seeking fruitful trade deals around the world to ensure its goods are freely traded.


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US Dollar, Stocks Eye Fed’s Willians Outlook on Economy, Policy

The US Dollar and local equity markets will be closely watching a speech from FOMC Vice Chairman John Williams where he will outline the outlook for the economy and monetary policy.


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Philippine Peso Post-G20 Rally Eyes CPI, INR to India Budget Deficit

The Philippine Peso may extend gains from the G20 US-China trade truce if local CPI data beats expectations. Meanwhile, the Indian Rupee awaits the fiscal 2020 budget deficit target.


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An S&P 500 Record High Not Worth Trusting, A Dollar Recovery More Likely to Stall

We start the new week/month/quarter with a mixed perspective. On the one hand, there is a favorable interpretation of the G-20 summit, but that curbs Fed cut views and conflicts a clear growth downgrade. And then there is liquidity…


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Australian Dollar Whipsaws As RBA Cuts Rates For Second Straight Month

The Australian Dollar fell initially but bounced quickly on news that the Official Cash Rate had been cut to a new record low of 1%, following an earlier reduction in June.


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AUDUSD Chart Analysis: Aussie Sellers Move to Retake Control

The Australian Dollar may have capped the upswing from mid-June lows, with sellers poised to resume the dominant downtrend and eyeing decade lows.


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Reserve Bank of Australia (RBA) Rate Cut to Rattle AUDUSD Rebound

The RBA meeting may rattle the recent rebound in AUDUSD as the central bank is expected to reduce the official cash rate (OCR) to a fresh record-low of 1.00%.


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ASX 200 Bulls Keep Eyes on Record Peak As Momentum Holds Up

The ASX 200 has settled back into a narrow daily-chart range but its bulls still clearly dare to dream of a retest of all-time highs


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USDCHF May be the Best Dollar Bullish Option for Trade War Status Quo

The G-20 summit managed to render a ‘status quo’ scenario for trade wars, yet we are unlikely to hold the course in the Dollar that we’ve come to expect. That makes the USDJPY less appealing and USDCHF a good replacement.


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Gold Prices Susceptible to Larger Pullback as RSI Offers Sell Signal

Gold prices stand at risk of facing a larger correction as the Relative Strength Index (RSI) falls back from overbought territory and flashes a textbook sell-signal.


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AUD Currency Volatility: RBA Rate Review Eyed Post G20

Currency traders might expect AUD/USD and AUD/JPY to move 43 pips and 54 pips respectively tomorrow judging by Australian Dollar overnight implied volatility readings priced ahead of Tuesday's RBA meeting.


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Volatility Swoons as Risk Assets Rejoice Trump-Xi G20 Meeting

Volatility across asset classes gets crushed owing to the latest influx of risk appetite following last weekend's G20 Summit. What might volatility suggest about the markets going forward?


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US Dollar Weakness May Fuel Gold and EURUSD Gains

US Dollar hovers near a nine-month support line. A review of the Elliott wave charts shows a break below the support line may drive gold, EURUSD, and GBPUSD higher.


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Forex Economic Calendar Week Ahead: US-China Trade War, RBA Meeting, UK PMI, Canada Jobs, US Jobs

The US-China trade war détente, July RBA meeting, and June US nonfarm payrolls report (among others) will guide FX markets in the holiday-shortened week.


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Gold Price Outlook: XAUUSD Pulls Back After a Big Month

Gold prices had a big month of June, gaining almost 13% from the May 30 low. But will the second half of 2019 be as friendly to gold bulls?


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Copper Price Outlook: Looking for a test of the Weekly Supports

Today, Copper rallied to its highest levels in six weeks however, the uptrend remains weak. Here are the key chart points to know.


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EU keeps world trade afloat despite US threats, Mercosur trade deal achieved after 20 years

As Donald Trump is threatening to increase protectionism in world trade the EU is doing just the opposite by seeking fruitful trade deals around the world to ensure its goods are freely traded.


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Crude Oil Price Gains May Limit USDCAD Rebound Potential

Geopolitical tensions surrounding Iran are splashed across the newswire today, including developments regarding the OPEC supply production cuts.


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