UK asset markets are in a limbo this week with little hard UK data to look forward to. Later in the week, the FOMC minutes and on Friday, FOMC chair Jerome Powell speaks at the Jackson Hole Symposium.
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Monday, 19 August 2019
Canadian Dollar Price Forecast: USD/CAD Rise at Risk of Failing
The U.S. Dollar has been rising against the Canadian Dollar for several weeks, but price action suggests that the rally could fail…
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EUR/JPY, USD/JPY Price Outlook: Paused Downtrend Move
Last week EUR/JPY and USD/JPY traded ineffectively. Here are the key tech levels traders may need to consider
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CAD Longs Cut, GBP Remains Bearish, JPY Longs Extended - COT Report
Weekly changes in G10 FX positioning sees US Dollar longs scale back as JPY longs soar. GBP sees modest short covering; however, Brexit risks keep the currency bearish.
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Gold Price Rally Primed For a Fed Boost, Silver Price Struggling
Gold traders will be looking ahead to this week’s Fed minutes and the Jackson Hole Symposium where the world’s central bankers will be gathered. Will Fed chair Powell offer more clarity on future interest rate cuts?
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Sunday, 18 August 2019
Gold Price Forecast: RSI Sell Signal Takes Shape
The price of gold stands at risk for a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory and flashes a textbook sell signal.
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US Dollar May Rise vs Euro if Eurozone Inflation Data Undershoots
The US Dollar may rise at the expense of the Euro if Eurozone inflation data misses estimates and fuels ECB rate cut bets and expectations of quantitative easing being reintroduced.
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US Yield Bounce Sooths Some Market Fear, Risk Appetite Still on Edge
Asia Pacific stock markets began a busy week in hopeful mood as the US yield curve stopped looking quite so scary. There’s a long way to go yet though.
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Gold, Crude Oil Prices Eyeing FOMC and ECB Minutes, Jackson Hole
Gold and crude oil prices look to minutes from July’s FOMC and ECB meetings as well as the Jackson Hole symposium to gauge scope for stimulus as global growth slows.
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US Dollar ASEAN Forecast: Can Fed Soothe PHP, INR, IDR Selloff?
The US Dollar outlook versus the Philippine Peso, Indian Rupee looks to FOMC minutes and the Fed’s symposium. Emerging markets still face capital fleeing pressures amid trade wars.
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AUDUSD Rate Outlook Hinges on Reserve Bank of Australia (RBA) Minutes
The Reserve Bank of Australia (RBA) Minutes may keep AUDUSD afloat should the central bank endorse a wait-and-see for monetary policy.
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US Dollar May Rise vs Nordic FX From Trade Wars, FOMC Minutes
The US Dollar may extend gains against Nordic FX if risk aversion from US-China trade tensions is exacerbated by the release of FOMC and ECB meeting minutes amid volatile Italian politics.
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Canadian Dollar Price May Reverse Versus USD, Yen at Risk Next?
The Canadian Dollar may be getting ready to reverse against the US Dollar after increasingly bearish USD/CAD technical signals. Ahead, the Yen may weaken as AUD and NZD gain.
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Trading Forecast: EURUSD and Dow Bearings Rest on Jackson Hole, Trump
Scheduled event risk is starting to give way to sentiment and systemic fundamental concerns a prospect that threatens volatility at a time of year when quiet is supposed to prevail. Trade wars are finding guidance from headlines that President Trump regularly tops, while recession fears are tied more closely to market measures. The Jackson Hole Symposium will present an opportunity for officials to discuss all of this.
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Top Market Charts for Next Week: Dollar, Gold, Oil, Dow and More
An unexpected buoyancy in volatility is the common feature across the global markets landscape. More significant market swings have earned a few benchmarks like Gold and Yields remarkable trends, while it has pushed the likes of the Dollar, Dow and Oil to the brink of more substantial breakouts.
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S&P 500, DAX Fundamental Forecast
The ominous sign stemming from the inversion of the US 2s10s provides yet another reminder that the global economic outlook is weakening.
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US Dollar Technical Forecast: Bidding for a Breakout?
The US Dollar remains stuck in the washing machine its been in for months, but that could be about ready to change…
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Saturday, 17 August 2019
Sterling Price Weekly Forecast: Brexit Newsflow and Political Manoeuvres
Next week’s UK data vacuum will be filled by the latest political shenanigans with rumor and counter-rumor focusing on who is up to what, with who and why.
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Crude Oil Price Outlook Bearish, Eyeing January Lows on Long Bets
Crude oil prices may extend the dominant downtrend on bearish technical signals, eyeing January lows as IG Client Sentiment offers a stronger downside contrarian trading bias.
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Weekly Gold Price Forecast: Into the Jackson Hole Vortex
Traders shouldn’t be surprised if gold prices spend most of the week trading sideways ahead of the Federal Reserve’s Jackson Hole Economic Policy Symposium.
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