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.
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Monday, 9 September 2019
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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.
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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?
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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.
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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 -...