Sunday, 14 July 2019

USD May Rise Versus SGD, INR as China Slows to Weakest Since 1992

The USD may catch haven bids versus the Singapore Dollar, Indian Rupee if US economic conditions continue deteriorating as China’s economy slows to its weakest since at least 1992.


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AUDUSD Rate Rebound Vulnerable to Record Low China GDP

Updates to China’s GDP report may undermine the recent rebound in AUDUSD as the growth rate is anticipated to hit a record low in the first quarter of 2019.


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AUD/USD May Fall if China Data Fuels Urgency of Next RBA Rate Cut

The AUD/USD may turn lower if China GDP data increases the urgency for the RBA to deliver another cut sooner, reversing gains after the USD weakened on dovish Fed commentary from Friday.


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Weekly Technical Forecast: S&P 500 Closes at Record High, Gold Stalls, Dollar Breakouts Fail

We opened this past week to broad rally – for equities, gold and the US Dollar. Yet, by the Friday close, only one of those assets was still under the bulls’ control. Will indices like the Dow and S&P 500 continue to run deeper into record high territory? Can the Dollar and Gold clear their respective ranges given the level of volatility they both sport?


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Weekly Trading Forecast: Dow Versus Gold Bull Trends Amid Trade War, Recession Fears

Risk appetite has found lift this past week, but the real concentration was behind US equities which benefit specifically from heavy speculation around forecasted Fed hikes. Can stretched hopes of rate cuts and stimulus keep this asset class charging – much less pull other markets in its wake – or will a shift in focus to troubled growth and deepening trade wars pull sentiment down?


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Dow Jones, Nasdaq 100, S&P 500, DAX 30 Fundamental Forecast

Earnings season has arrived, and the Dow Jones, Nasdaq 100 and S&P 500 will pay close attention the country’s largest stocks and their quarterly performances.


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Saturday, 13 July 2019

Dollar Faces Plenty of Volatility, But Clear Trend is Another Matter…

The Dollar’s recovery attempt came to an abrupt halt this past week following heavily-circulated Fed headlines. Now imbued with greater volatility in news fixation, what can we expect from actual trends?


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Gold Prices Target 2019 High as Fed Sets Course to Cut Interest Rates

Fresh data prints coming out of the US may do little to curb gold prices as the Federal Reserve appears to be on a preset course to reduce the benchmark interest rate.


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Crude Oil Price Outlook: Charts Eye Technical Resistance

Crude oil price technical outlook suggests that the commoditys recent string of gains could be in jeopardy if bullish momentum is rejected at nearby resistance.


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US Dollar May Rise as Worried Markets Search For Safe Harbor

The US Dollar may rise as investors’ focus shifts from the likelihood of Fed rate cuts to the reasons for them, souring sentiment and boosting demand for haven assets.


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Global Stocks Outlook: S&P 500, Nikkei 225 and Euro Stoxx 50 Trends

The global equity technical forecast is tilting neutral for the week ahead as uptrends in the S&P 500 and Nikkei 225 face obstacles as the Euro Stoxx 50 might confirm bearish signals.


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Friday, 12 July 2019

Crude Oil Prices May Oscillate Between Iran Risks, China GDP

Crude oil prices may find themselves oscillating between political risk in Iran and weak economic data, which might create selling pressure in the cycle-linked commodity.


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AUDUSD Preps a Clean Reversal Pattern but Dollar, China GDP Complicate

There is a provocative inverse head-and-shoulders set for AUDUSD. A pattern ubiquitous with charged reversals but conditions and similarly disrupted patterns should throttle our anticipation for more nuanced strategy.


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Dow’s Record Highs and Gold’s Congestion Shift from Fed Hopes to Growth, Trade Fears

The markets have made a shrine to the Fed’s dovish policy shift in the form of the Dow’s record highs. Unfortunately for the bulls, this theme is likely to fade while trade wars and growth concerns move forward.


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Gold Price Weekly Technical Forecast: Digestion into Bull Pennant

Gold price action has funneled into a symmetrical wedge pattern so far in July; but are buyers yet ready to relent after an extremely strong finish to Q2?


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Australian Dollar Faces Busy Week, But Probably No Game Changer

From RBA minutes through to employment data and Chinese growth numbers, this won’t be a quiet time for Australian Dollar watchers.


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Does the Russell 2000 to S&P 500 Ratio Suggest a Coming Recession?

The S&P 500 to Russell 2000 ratio is at its lowest since 2008 and some investors have taken notice, but does the slipping ratio suggest heightened recession risk?


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Forex Trading Top 5 Events Next Week: China GDP, Eurozone ZEW, US Consumer Sentiment, New Zealand CPI, Australia Jobs

The forex economic calendar is chalk full of high-impact event risk next week and puts USD, EUR, AUD, NZD and CNH currency pairs in the spotlight.


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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD and USD/CAD

The US Dollar has seen a different tonality so far in July, but a short-term theme of strength runs counter to an intermediate-term scenario of weakness.


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WTI Crude Oil Price Outlook: Pullback to Support, Can Bulls Hold?

Crude oil prices caught a boost this week as production constraints showed around a brewing storm in the Gulf of Mexico, set to touch down this weekend.


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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...