Wednesday, 11 September 2019

Brexit Latest: Scottish Civil Court Rules UK Parliament Suspension ’Unlawful’

In another potential blow to UK PM Boris Johnson, Scotland’s highest civil court has ruled that PM Johnson’s suspension of Parliament (prorogation) was unlawful.


from DailyFX - Feeds all https://ift.tt/34CO1yO
via IFTTT

USD/CHF, EUR/CHF Price Forecast: A Rally at Risk of Reversal

Last week USD/CHF and EUR/CHF rallied due to Swiss Franc weakness. Here is how buyers could keep pushing the price higher, with the key levels they need to keep an eye on.


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

DAX 30 & CAC 40 Charts: Running into Resistance and ECB

The German and French benchmarks continue to rally in impressive fashion, bringing resistance levels into focus just ahead.


from DailyFX - Feeds all https://ift.tt/31c120c
via IFTTT

Gold Price Weakens on Trade War Optimism, Mixed Market Signals?

Gold hit a one-month low yesterday and despite erasing some of these losses still trades below $1,500/oz. as market appetite for risk increases on growing US-China trade war optimism.


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

Tuesday, 10 September 2019

US Dollar May Rebound if ECB, Trade Wars Spook Markets

A greater tolerance for risk-taking has buoyed sentiment and pushed haven-linked assets like USD lower. Will ECB commentary and trade war fears reverse the pullback in the US Dollar?


from DailyFX - Feeds all https://ift.tt/2LpR4CX
via IFTTT

Crude Oil Prices Fell as Trump Fired Iran Hawk Bolton. Now What?

Crude oil prices fell as US President Trump fired hawkish National Security Advisor John Bolton. A barrage of back-to-back event risk now looms ahead.


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

Stocks Gain As Markets Hope For Dovish ECB, But May Be Optimistic

Global investors seem to think they’re going to get reassurance from the European Central Bank that loose policy is here to stay. Consensus on that may be hard to reach at the ECB itself.


from DailyFX - Feeds all https://ift.tt/31f5knt
via IFTTT

EURUSD Isn’t the Only Market Facing the Calm Before the ECB Storm

There is plenty of concern to go around over the course of trade wars and Google searches for ‘recession’ clearly keeps core growth front and center. Yet, it is difficult to direct traders’ attention anywhere other than the ECB and monetary policy over the next 24 hours.


from DailyFX - Feeds all https://ift.tt/3078mZN
via IFTTT

How Crude Oil Prices React to Weather-Induced Disruption Fears

With increasing volatility in weather patterns, how might storms, hurricanes and floods rattle the supply chain for petroleum-based products and impact crude oil prices?


from DailyFX - Feeds all https://ift.tt/2HXyQH2
via IFTTT

ASX 200 Tires, But US-China Trade Hopes May Prevent Sharp Falls

The ASX 200 has regained an important resistance zone but looks far from comfortable there. While retracement looks likely, fundamental news-flow may rescue the bulls.


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

Gold Prices Risk Larger Pullback on Hopes for US-China Trade Deal

Recent price action in gold points to a larger pullback as the precious metal continues to carve a series of lower highs and lows.


from DailyFX - Feeds all https://ift.tt/2ZW7CeY
via IFTTT

Glimmer of Hope on Trade Wars, Recession, and Monetary Policy Capitulation?

Top fundamental influence this week will shift from constant recession and trade war fears towards monetary policy thanks to a very particular event.


from DailyFX - Feeds all https://ift.tt/2A8NGWF
via IFTTT

Apple Event: AAPL Stock Price Tends to Rise After iPhone Launch

The Apple iPhone launch date is among the biggest events of the year for the company and AAPL investors. However, US-China trade wars also complicate the outlook for the company.


from DailyFX - Feeds all https://ift.tt/308P3zc
via IFTTT

Morning Star Candlestick: A Forex Trader’s Guide

The Morning Star pattern is a popular reversal pattern in the forex market. Learn what the Morning Star pattern is and how to trade it


from DailyFX - Feeds all https://ift.tt/300nyfq
via IFTTT

Canadian Dollar Price Chart: USD/CAD Breakdown Plummets into Support

The Canadian Dollar is on a tear with USD plummeting 1.8% off fresh multi-month highs. Here’s initial support. These are the levels that matter on the USD/CAD charts.


from DailyFX - Feeds all https://ift.tt/2LL1BaH
via IFTTT

Gold Price Bullish Breakout Fails, Looks to Trend Support as US Treasury Yields Rise

Gold prices have broken key moving averages that have served as support for over three months, setting up a challenge of the overall uptrend since the end of May.


from DailyFX - Feeds all https://ift.tt/301aRB3
via IFTTT

AUD/USD, NZD/USD Price Technical Forecast: Facing Key Resistances

Last week both AUD/USD and NZD/USD closed with significant gains due to US dollar weakness. Here are the key levels for both pairs that traders need to monitor


from DailyFX - Feeds all https://ift.tt/31dUGxA
via IFTTT

Bitcoin Price Correlations with Emerging Markets FX: USD/CNH, USD/ZAR Lead the Way

The Chinese Yuan (via USDCNH) has the highest 5-day and 6-month correlations with bitcoin prices among emerging market FX at 0.95 and 0.73, respectively.


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

GBP/USD Volatility Drops Sharply, USD/JPY Rises on BoJ Sources - US Market Open

The Pound has edged up 0.2% and continues to hover around its best level in over a month as imminent Brexit risks have been diminished. USD/JPY lifted on BoJ easing sources.


from DailyFX - Feeds all https://ift.tt/2I09CaP
via IFTTT

US Dollar Price Outlook: EUR/USD, USD/CHF, USD/CAD, GBP/USD

The US Dollar is holding at a key zone of resistance ahead of the ECB on Thursday and the FOMC next Wednesday.


from DailyFX - Feeds all https://ift.tt/2LKDs48
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...