Monday, 9 September 2019

Sterling (GBP) Turnaround on Data Beat and Brexit Commentary - Webinar

After opening the session in negative territory, GBPUSD performed a quick U-turn after UK manufacturing, industrial production and monthly GDP data all beat expectations. And over in Ireland, UK PM Boris Johnson was in a more conciliatory mood.


from DailyFX - Feeds all https://ift.tt/303QbnE
via IFTTT

GBP/USD Rise Fuelled by Short Squeeze, EUR/USD Bearish Bets Rise Sharply – COT Report

Weekly changes in G10 FX positioning sees investors sharply increase their bearish bets on the Euro ahead of the ECB meeting. GBP/USD rise fuelled by short squeeze.


from DailyFX - Feeds all https://ift.tt/34BEXdQ
via IFTTT

Crude Oil Technical Outlook: Facing Familiar Resistance

Both the WTI and Brent crude oil contracts are up against an area of resistance that has put a cap on advances, a turn down soon is anticipated.


from DailyFX - Feeds all https://ift.tt/2A3g6kW
via IFTTT

US Dollar Uptrend May Return on Haven Demand, Dovish ECB, CPI Rise

The US Dollar may be back on offense after last week’s retreat, buoyed by haven demand as well as a dovish ECB and a fourth month of gains in core inflation.


from DailyFX - Feeds all https://ift.tt/2LGYosH
via IFTTT

Euro Outlook Ahead of ECB: EUR/USD, EUR/JPY Price –What After The U-Turn?

Last week, Euro firmed slightly against US Dollar and Japanese Yen. However, it might be a bit early to talk about buyers taking charge. Here are the key levels EUR/USD and EUR/JPY would encounter in the few coming days.


from DailyFX - Feeds all https://ift.tt/2PXNVi1
via IFTTT

Sterling (GBP) Price Drifts Lower on Brexit Uncertainty, Hard Data Flow Next

GBPUSD opens the week on the backfoot as Brexit rumours and news flow continue to keep traders on the sidelines. UK data on deck with a look at monthly GDP.


from DailyFX - Feeds all https://ift.tt/2HVk9Eh
via IFTTT

Sunday, 8 September 2019

Gold Price Outlook Mired by Bearish RSI Signal

The price of gold stands at risk of facing a larger pullback as the Relative Strength Index (RSI) snaps the upward trend from earlier this year.


from DailyFX - Feeds all https://ift.tt/2UFo3q3
via IFTTT

Euro Gaps Lower vs British Pound Ahead of ECB, Brexit Volatility

The British Pound and the Euro will be closely watching how Brexit negotiations unfold as the October 31 deadline approaches.


from DailyFX - Feeds all https://ift.tt/2HVaFsE
via IFTTT

SEK, NOK Brace for ECB Rate Decision, Brexit Turmoil, Iran Risks

The Swedish Krona and Norwegian Krone are in for a turbulent week ahead of the ECB rate decision, Brexit uncertainty and key meetings across the world.


from DailyFX - Feeds all https://ift.tt/316wBJ1
via IFTTT

Iron Ore Prices Slide On Trade War Fears, AUD-Watchers Take Note

Australian Dollar watchers should keep a close eye on iron ore prices. They fell sharply last month, albeit from very high levels


from DailyFX - Feeds all https://ift.tt/2PWc1d6
via IFTTT

AUDUSD Rebound Unfazed by Dismal China Trade Balance as PBOC Cuts RRR

The breakout in AUDUSD appears to be unfazed by dismal data prints coming out of China, with the exchange rate preserving the higher highs and lows from last week.


from DailyFX - Feeds all https://ift.tt/2ZMod3F
via IFTTT

Weekly Euro Forecast: Rate Cut Due at September ECB Meeting as Growth Slows

Traders should be on the lookout to see if the “whatever it takes,” Super Mario version of President Draghi shows up at the September ECB meeting this week.


from DailyFX - Feeds all https://ift.tt/34weUob
via IFTTT

The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.


from DailyFX - Feeds all https://ift.tt/34stAF1
via IFTTT

Weekly Euro Forecast: Rate Cut Expected at September ECB Meeting as Growth Stalls

Traders should be on the lookout to see if the “whatever it takes,” Super Mario version of President Draghi shows up at the September ECB meeting this week.


from DailyFX - Feeds all https://ift.tt/2ZNeSc8
via IFTTT

Dow Rises and Gold Falls on Trade War Enthusiasm, ECB Decision Top Event Ahead

Though tentative, market participants latched on to nascent signs that trade war conditions may improve and the threat of recession is not as imminent as many fear. This would be the perfect opportunity for monetary policy to further leverage the uneven swell in sentiment. The ECB will start a run of key policy meetings, but its decision in particular will echo through the markets.


from DailyFX - Feeds all https://ift.tt/2ZK4wKV
via IFTTT

EURUSD and Pound Attempt Reversal from Multi-Year Lows, S&P 500 Close to Record High

The first week of trade following the transition out of the 'summer doldrums' maintained an elevated clip of volatility but the range of key assets seemed to finally push stubborn ranges. That said, will the Dollar's reversal lower and Pound higher bear fruit into a full-size swing? What about the S&P 500's and Dow's bid for fresh record highs, so close at hand?


from DailyFX - Feeds all https://ift.tt/2N3MI6O
via IFTTT

Rate Cut Odds Drop for BOC, RBA, and RBNZ amid US-China Trade War Truce - Central Bank Weekly

As the world’s two largest economies move to resolve their trade dispute, expectations for more easing from the G10 currencies’ central banks have receded.


from DailyFX - Feeds all https://ift.tt/317Y4ty
via IFTTT

US Dollar Price Outlook: USD Fails at Multi-year Trend Resistance

The US Dollar reversed off long-term slope resistance this week, opening the door for further dollar losses. Here are the levels that matter on the DXY weekly chart.


from DailyFX - Feeds all https://ift.tt/2ZNILF6
via IFTTT

Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Forecasts for the Week

The Dow Jones, Nasdaq 100, DAX 30 and FTSE 100 have all regained their footing alongside an improvement in US-China trade rhetoric, but can the indices hold recent gains?


from DailyFX - Feeds all https://ift.tt/2zZjcX2
via IFTTT

Saturday, 7 September 2019

GBP Braces for Brexit Volatility: General Election Still Possible

British Pound traders will likely experience nauseating volatility next week as Brexit negotiations continue to wrap traders in a web of uncertainty as the October 31 deadline approaches.


from DailyFX - Feeds all https://ift.tt/2UMFuoI
via IFTTT

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...