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Monday, 22 July 2019

Gold, Crude Oil Prices May Fall on Downbeat IMF Global Outlook

Gold and crude oil prices may fall as the IMF sounds the alarm on slowing global growth, driving haven demand for the US Dollar.

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USD May Rise on IMF Economic Outlook, GBP Braces for New UK PM

Sterling traders will be eagerly waiting for the announcement of the new UK Prime Minister while the US Dollar may rise after the IMF releases its updated economic outlook.

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Puzzled By AUD Gains As Rates Fall? Blame the Fed and Iron Ore

The Australian Dollar has gained despite big cuts to domestic borrowing costs as investors find other reasons to go long.

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GBPUSD Eyes Monthly Low as New UK Leadership Risks Shift in BoE Policy

GBPUSD appears to be on track to test the monthly-low as the threat of a no-deal Brexit puts pressure on the Bank of England (BoE) to alter the path for monetary policy.

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Pound Awaits New PM, Euro the ECB and Dollar a Distant Fed Decision

On the one hand, there is event risk on the horizon that qualifies as possible inducement of ‘severe volatility’: ECB decision, US GDP, ECB, etc. Then there is current reality of the narrowest EURUSD daily range in a year-and-a-half.

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USDSEK, EURSEK Approaching Key Resistance Levels: Breakout Ahead?

EURSEK and USDSEK are both advancing towards critical resistance barriers, though upside momentum may be comprised by high-profile data this week.

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ASX Range Holds Key To Near-Term Direction, Broad Uptrend Safe

The ASX has put in an impressive performance this year and that overall uptrend looks safe enough. However some momentum seems to have been lost in the past month.

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AUDUSD Forecast: Will the 200-Day SMA Continue to Offer Resistance?

The near-term rebound in AUDUSD appears to have stalled ahead of the 200-Day SMA (0.7090) as the exchange rate fails to extend the recent string of higher highs and lows.

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Weekly Trade Levels: US Dollar, EUR/USD, NZD/USD, USD/CAD, Gold & Oil

Webinar highlighting active trade setups we’re tracking into the start of the week. Here are the targets & invalidation levels that matter on the technical charts.

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Forex Economic Calendar Week Ahead: Next UK PM, ECB Meeting, US GDP & More

The last full week of July will see the most significant action emanating from Europe.

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Sterling (GBP) Week Ahead - All About Boris and Brexit

Sterling opens the week in negative territory as one senior Conservative MP resigns before Boris Johnson has even been elected as the new leader of the Tory Party.

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Gold Price Pulls Back, XAU Bulls Show at Higher-Low Support

Gold prices exploded last week with a gust of USD-weakness pricing-in, but GLD price action has since pulled back to find support at prior resistance.

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EUR/USD May be in for ECB Shock, GBP/USD Weakness Persists - US Market Open

The Pound is on the backfoot to begin the week, while the Euro braces for another dovish ECB meeting. Elsewhere, Swiss Franc is garnering increased attention with focus on key 1.10 handle.

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Weekly Technical Forecast: Dow Eases Back from Record, Dollar Struggles to Light Fuse, Gold Holds Its Break

There is a clear inconsistency in both activity level and bearing across the standard benchmarks of the speculative markets. With the Dollar suffering a jolt without a trend, Dow and other indices hanging just shy of record highs and gold breaking higher in stages; we are seeing more volatility that is often the precursor of a lasting market wave.

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Weekly Trading Forecasts: EURUSD Top Fundamental Candidate on Fed Speculation, ECB Decision Approaches

We may find the top scheduled event risk next week displaced for market moving potential by an increasingly volatile theme. Key event risk ahead includes Friday’s US 2Q GDP update and the global PMIs for July which would seem to put the focus on growth and recession concerns. Yet, the muddled picture from Fed remarks this past week and an ECB rate decision may find far more volatility in monetary policy.

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