Trade wars are escalating and risk trends are suffering. With US-based indices taking a tumble, the seemingly unflappable complacency looks at-risk of collapse. Yet, my true concern is the crack in sanctity of the Dollar.
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Monday, 5 August 2019
US Dollar May Rise Versus PHP as Trade War Risk Overshadows CPI
The US Dollar may rise versus the Philippine Peso after CPI data as US-China trade war tensions may fuel more-aggressive easing from the BSP. USD/PHP took out key falling resistance.
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Trade War Fears, Copom Minutes May Pressure Brazil Stocks, BRL
Brazil stocks will likely continue to feel the pressure as US-China trade war tensions escalate while investors brace for the Copom meeting minutes and a key vote this week.
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Yen to Rise as AUD/USD Sinks, Will US Raise China Tariffs to 25%?
The Japanese Yen may gain as the Australian Dollar sinks past 2009 lows with China ready to halt US agricultural imports and markets eyeing if Trump retaliates and raises tariffs.
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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten
The 75th anniversary of the Bretton Woods conference was this week, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.
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AUD/USD Outlook: Australian Dollar Eyes RBA as Trade War Rages
Spot AUDUSD is on pace to extend its losing streak to 15 consecutive days headed into the August RBA meeting slated for Tuesday at 4:30 GMT.
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Crude Oil Outlook: Oil Prices Bounce from Fresh Low, Find Resistance
Oil price remain on their back foot and the continued trade threats permeating the headlines may give bears another run lower.
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Gold Prices Begin Next Phase of Rally as Chinese Yuan Implodes
With the US Dollar and US Treasury yields falling together thanks to the latest developments in the US-China trade war, precious metals are shining.
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S&P500, Dow Jones Price Outlook: May Press Lower Below These Levels
Today, S&P500 and the Dow tested their lowest levels in nearly 8 weeks after hitting all times high in July. How will these indices perform in the next few days?
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USD Price Outlook: Yuan Gaps, Yen Rips and US Stocks Under Pressure
The US Dollar and US stocks remain under pressure following last week's tariff announcement, and the PBoC responded with a massive move of weakness in the Yuan.
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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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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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GBP/USD Picks up, EUR/GBP Rallies, FTSE Nears Support - Webinar
Financial markets went risk-off to start the week, hitting the FTSE 100 lower. Sterling is trying to edge higher but is facing a stronger euro.
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Crude Oil Technical Outlook Growing Increasingly Precarious
Price charts of oil are becoming increasingly bearish along with general risk sentiment, a couple of key breaks could soon be in store.
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US Dollar Longs Surge, EUR and GBP Shorts Increase - COT Report
Weekly changes in G10 FX positioning sees US Dollar back in demand, while GBP shorts are the highest since April 2017 and the Euro is the most shorted currency in the G10.
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EUR/JPY, USD/JPY Price: Weak US Dollar and Weaker Euro against Yen
Last Week USD/JPY and EUR/JPY closed in the red indicating to the bearish outlook of both pairs. Here are the chart points traders may need to pay extra attention at.
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Gold Price Leaps to 6-Year High on Trade War Bid, Silver Battles Resistance
Gold continued to soar, boosted by a strong risk-off move as US-China trade relations continue to deteriorate. Silver playing catch-up and nears recent resistance.
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Chinese Yuan at 7.00 Barrier: The Most Important Level for Currency Markets
As the trade war escalates between the US and China, FX markets are on the lookout as the Chinese Yuan reaches the critical 7.00 handle versus the US Dollar.
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Japanese Yen Soars on Rising Threat of a Full-Blown Currency War
Chinese Yuan weakens beyond 7.00 against the US Dollar for the first time in a decade. Markets brace for potential currency war with eyes on the response from the White House.
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...