The Dow Jones, DAX 30 and FTSE 100 will continue to take their cues from trade wars and monetary policy but may face pressure without the constant assurances from dovish commentary.
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Sunday, 25 August 2019
US Dollar Technical Outlook as Trump, FOMC Drive the Flow
It was a brutal end to the week for the Greenback as a cocktail of drivers appeared that helped to push the currency from its perch.
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Saturday, 24 August 2019
British Pound Hit By Trade War Crosswinds But Brexit Looms Large
The British Pound has not escaped the influence of the escalating US-China trade war, but Brexit remains the central concern for financial markets.
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Crude Oil Price Chart Outlook: Trade War Selloff Eyes Support
Crude oil prices plunged nearly 2% last week as commodity traders wrestled with bearish headwinds that stemmed from the latest US-China trade war escalation, but could the selloff soon subside?
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Weekly Euro Forecast: US-China Trade War Sparks Recovery; Eurozone Inflation Due
“One man’s trash is another man’s treasure.” In a similar vein, the US Dollar’s woes due to the escalating US-China trade war leave the Euro in a place to benefit.
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Sterling Price Outlook: British Pound Recovery Faces First Test
Sterling has rallied 2% off the yearly lows with price now eyeing the first test of downtrend resistance. Here are the levels that matter on the GBP/USD weekly chart.
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Gold Prices May Rise if US GDP Data Boosts Fed Rate Cut Bets
Gold prices may be given a tailwind if US GDP data underwhelms and bolsters the case for accommodative policy measures, increasing the appeal of holding non-interest-bearing assets.
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Forex Economic Calendar Week Ahead: US GDP, Eurozone Inflation, Canada GDP & More
The final week of August promises several significant economic data releases that are likely to stir even more volatility in FX markets.
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Top 5 Events - FX Week Ahead: June Canada GDP Report & USD/CAD Rate Forecast
The June Canada GDP report is due out on Friday, August 30 at 12:30 GMT, but the data aren’t likely to trigger a significant shift in BOC rate odds.
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Australian Dollar Pressures 2009 Lows on USD, JPY. GBP Breaks Out?
The Australian Dollar continues pressuring lows last seen since 2009 against the US Dollar and Japanese Yen. Most progress was made against the British Pound after resistance broke.
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USD/CNH Above 7.0000: Trade Wars are Good, and Easy to Win
Now that China has acknowledged that it is using the USDCNH exchange rate to offset the Trump tariffs, the US Treasury has officially labeled China a currency manipulator.
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US Dollar Vulnerable to Slowing Durable Goods Orders, 2Q GDP Revision
The economic docket for the final week of August may produce headwinds for the Dollar as data prints coming out of the US are anticipated to show a slowing economy.
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Friday, 23 August 2019
S&P 500, FTSE 100 Technical Forecast
S&P 500 gains capped by key resistance, FTSE 100 risks drop towards trendline support.
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Crude Oil Price Forecast: Oil Slumps as US-China Trade War Erupts
Crude oil is slumping into the close and next week may well see the move extend after China ramped-up their trade war with the US by imposing a fresh round of trade tariffs.
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Gold Price Targets: XAU/USD Surges as China Raises the Stakes
Gold prices are once again eyeing a critical resistance zone as China announces retaliatory tariffs. Here are the levels that matter on the XAU/USD charts.
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S&P 500: Traders continue to remain net-short
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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Spot Gold: Net-long positions continue to rise as market volatility increases
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
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Bitcoin: Traders remain net-long
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.
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Bitcoin Price Weekly Forecast: How BTC/USD Could End its Trendless Move?
Here are the key Bitcoin technical levels where a break may spark a move
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US Dollar Whipsaws Around Fed Chair Powell’s Jackson Hole Speech
In saying “we will act as appropriate to sustain the expansion,” Fed Chair Powell has more or less confirmed that markets are correct in anticipating another rate cut in September.
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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...
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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 -...