Saturday, 10 August 2019

Weekly Euro Forecast: Rising ECB Rate Cut Odds Can’t Hold Down the Euro

The Euro has benefited as concerns around a no deal, “hard Brexit” and the US-China trade war have swirled, providing plenty of fuel for gains by EURGBP and EURUSD, respectively.


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Weekly Crude Oil Technical Outlook: Tough Road Ahead

Oil has been quite weak and while a bounce may continue in the very near-term the path of least resistance is likely to remain lower.


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Forex Economic Calendar Week Ahead: US Inflation, UK Inflation, Australia Jobs Report & More

The economic calendar is littered with significant event risk over the coming week, including the July US and UK inflation reports as well as the July Australia jobs report.


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GBPUSD Rate Vulnerable to Slowing UK Inflation, Retail Sales

Fresh data prints coming out of the UK may do little to heighten the appeal of the British Pound amid the growing threat of a no-deal Brexit.


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FX Week Ahead - Top 5 Events: July US Retail Sales Report & EUR/USD Rate Forecast

The July US retail sales report (retail sales advance) is due out on Thursday, August 15 at 12:30 GMT, and it is due to confirm signs that the US economy is slowing down.


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FX Week Ahead - Top 5 Events: July Australia Jobs Report & AUD/USD Rate Forecast

The July Australia jobs report (employment change and unemployment rate) is due on Thursday, August 15 at 01:30 GMT, and consensus forecasts are looking for the jobs expansion to hit 12 consecutive months.


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Top 5 Events - FX Week Ahead: Q2’19 Eurozone GDP & EUR/JPY Rate Forecast

The Q2’19 Eurozone GDP report is due out on Wednesday, August 14 at 09:00 GMT, and the data should only serve to further confirm the ECB’s desire to provide more stimulus in September.


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FX Week Ahead - Top 5 Events: July UK Inflation Report & GBP/USD Rate Forecast

The July UK inflation report (consumer price index) is due out on Wednesday, August 14 at 08:30 GMT, but the data will continue to be overshadowed by Brexit.


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Australian Dollar Outlook in USD, CAD. Canadian Dollar May Gain?

The Australian Dollar is at risk to the US Dollar as AUD/USD upside progress lacks technical confirmation. The Canadian Dollar may gain as AUD/CAD faces near-term bearish signals.


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Gold Price Weekly Forecast: Bullish Breakout Remains In-Play

Gold is currently consolidating just under $1,500/oz. after hitting a six-and-a-half year high of $1,511/oz. earlier this week. Positive fundamentals remain but markets don’t move in a straight line.


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US Dollar Price Outlook Eyes Trade War, Data Induced Fed Cuts

The US Dollar stumbled last week and is at risk of further downside if US-China trade tensions worsen and high-impact economic data due for release disappoints which stand to accelerate Fed rate cut bets.


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Friday, 9 August 2019

Crude Oil Prices at Risk as US-China Trade War Sours Growth Bets

Crude oil prices look vulnerable to deeper losses after hitting a seven-month low as US-China trade war escalation sours the outlook for global economic growth.


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Dollar Eases as Trump Maintains Pressure, Trade Wars Vs Seasonal Gravity Ahead

The pull of seasonal liquidity fade is strong, but will it overpower a relentless pressure from the Trump administration to charge volatility? Read on to learn what markets will offer in volatility over the coming week.


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Forex Economic Calendar Week Ahead: US Inflation, UK Inflation, Australia Jobs Report & More

The economic calendar is littered with significant event risk over the coming week, including the July US and UK inflation reports as well as the July Australia jobs report.


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Gold Prices Charge Multi-Year Highs, Ignore Contrarian Sentiment Signals

There is good reason to doubt many of the tentative trends developing across the financial system in ‘risk’ assets or Dollar pairs as conviction is uneven. But what about Gold trading at multi-year highs?


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AUD Braces for Escalating Trade War Tensions, Employment Data

The Australian Dollar may face increased selling pressure if local jobs data disappoints against the backdrop escalating tensions in the US-China trade war.


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Top 5 Events: July US Inflation Report & USD/JPY Rate Forecast

The July US inflation report (consumer price index) is due out on Tuesday, August 13 at 12:30 GMT, and the data are expected to show stability in price pressures.


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Nasdaq 100 Forecast: Price Levels to Watch Next Week

After clarification on a prior bearish development, the Nasdaq 100 mounted a recovery on Friday and now finds itself stalled at resistance.


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USD/CNH: Watch Chinese Yuan, PBoC for US-China Trade War Gauge

Spot USDCNH price action could serve as a bellwether to where risk assets head next as markets remain on edge with US-China trade tensions heightened and looming risk of further escalation.


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Crude Oil Price Triangle Breakdown Will Inform USD/CAD’s Next Move

The Canadian Dollar continues to track crude oil prices, which themselves are grappling with concerns over global growth thanks to the US-China trade war.


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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...