The Australian Dollar has dropped to within a hair of its 2019 low. A corrective rebound from here may precede deeper losses against the currency’s US namesake.
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Monday, 5 August 2019
Sunday, 4 August 2019
Crude Oil Price Drop May Speed Up as US-China Trade War Sizzles
Crude oil prices may accelerate lower alongside stocks as US-China trade escalation spooks markets and stokes liquidation across assets linked to global growth.
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NZDUSD Rate Eyes 2019 Low Ahead of RBNZ Amid Threat of Currency War
NZDUSD trades near the 2019-low (0.6482) as the escalating trade dispute between the US and China puts pressure on the RBNZ to implement lower interest rates.
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US Dollar, Yen, Gold Prices Up as China Drops Yuan Amid Trade War
The anti-risk US Dollar and Yen as well as gold prices shot higher as China pointedly weakened its currency as retaliation after the US threatened a major tariff hike.
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US Dollar ASEAN Outlook: Trade War Panic? Singapore Dollar, BSP Cut
The US Dollar may keep rising versus the Singapore Dollar, emerging market, ASEAN FX amidst trade war fears and US tariff threats. USD/PHP eyes a BSP rate cut, USD/IDR GDP data.
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EURUSD Rebound to Benefit from Growing Bets for September Fed Rate Cut
Current market conditions may fuel a larger rebound in EURUSD as the ongoing shift in US trade policy puts pressure on the Federal Reserve to insulate the economy.
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How to Trade the Impact of Politics on Global Financial Markets
As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading opportunities.
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Japanese Yen Support Gives as US Tariff Threats Sink Wall Street
The USD/JPY took out key support as trade war fears sent the S&P 500 to its worst week this year. Ahead, the Japanese Yen may appreciate if Asia Pacific markets resume risk aversion.
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Weekly Technical Forecast: EURUSD, Dow, Gold and Oil All Threaten Reversal – Which Holds?
Volatility was principal feature of the landscape this past week, rendering technical breaks and abrupt reversals from a host of the key FX, capital and commodity markets. With a range of benchmarks from Dollar to US indices to gold all threatening an about face, what markets will run and which stall across these unlikely, correlated bedfellows?
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Weekly Trading Forecast: Dollar and Dow Tied to Trade Wars, Rate Decisions and GDP Ahead
The sea changes between high level fundamental themes continued this past week with trade wars deftly taking over for monetary policy whipped into a frenzy by the Fed. The US-China standoff will remain a critical fundamental pressure ahead, but traders would do well to look for volatility in key event risk like Japanese and UK GDP as well as RBA and RBNZ rate decisions.
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Dollar Hits a 2-Year High and Then Stumbles - Pause Or True Reversal?
Between headlines of a Fed rate hike and President Trump upping the ante in the US trade war with China, the Dollar would see a bullish breakout turn into a precarious hold against a full-scale reversal.
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S&P 500, DAX Fundamental Forecast
S&P 500 left disappointed by not so dovish Fed, while DAX posts largely daily drop this year as Trump escalates US-Sino trade tensions.
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Saturday, 3 August 2019
Oil Price Outlook: Crude Plummets to Six Week Low– WTI Trade Levels
Oil prices pared a portion of the steep loses seen earlier this week with crude holding just above support. Here are the levels that matter on the WTI weekly chart.
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Euro Groans as Italian Politics May Once Again Take Center Stage
Euro traders may start feeling queasy as the specter of Italian politics may haunt Europe again against the backdrop of critical EU data releases and worsening US-China trade relations.
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Weekly US Dollar Forecast: Trump Tariffs Escalate US-China Trade War, Boost Fed Rate Cut Odds
Even as the Federal Reserve opted for only a 25-bps rate cut, tectonic shifts in the US-China trade war have raised expectations of another rate cut at the next policy meeting.
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Fed Rhetoric to Influence Gold Prices as Trump Boosts Tariffs on China
Upcoming comments from Federal Reserve officials may influence gold prices as the trade truce between the US and China comes to an end.
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S&P 500, DAX & FTSE Technical Outlook for Week Ahead
Stocks look headed for more pressure in the week ahead, but there are levels not too far below that may help put in a bounce.
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Friday, 2 August 2019
Forex Economic Calendar Week Ahead: RBA Meeting; RBNZ Meeting; UK GDP & More
The first full week of August will feature two rate decisions, two GDP releases, and a labor market report that should all generate volatility in FX markets.
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Euro Outlook: EUR/USD Breakout Lacks Confirmation Unlike EUR/JPY
The EUR/USD downside breakout could use more technical confirmation as the Euro positions itself for potential gains against the Dollar while the EUR/JPY dominant downtrend resumes.
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Crude Oil Weekly Forecast: Curbed by Trump’s Tariffs, Growth Fears
The price of US crude oil fell by nearly 8% (high/low) Thursday after US President Donald Trump announced that he will apply a 10% tariff to $300 billion of Chinese imports on September 1.
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