Friday, 13 September 2019

Canadian Dollar Rate Forecast: USD/CAD Price Rally at Risk

The Canadian Dollar pared a portion of last week’s rally against the greenback with the price now eyeing resistance. These are levels that matter on the USD/CAD charts.


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USD Price Pressure Remains After Upbeat Data Prints; Markets Await FOMC

The US Dollar struggled to lift off its overnight lows as US data prints come out ahead of estimates, with retail sales, business inventories and Consumer Sentiment beating


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Gold Prices Testing Key Trend Support as US Yields Surge - Levels for XAU/USD

Gold prices have returned to key trend support dating back to May, raising the stakes ahead of the September Fed meeting next week.


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EUR/GBP Technical Forecast: What Now After Testing Monthly Support?

On Late August EUR/GBP outlook changed from bullish to bearish. Here are the key technical levels sellers would need to consider to keep pressing the price to the downside.


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GBP/USD Surges on Irish Backstop Hopes - US Market Open

Sterling has been the notable mover, gaining over 0.9% against the greenback as Brexit optimisim underpins with the pair seeing its largest weekly gain since May.


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US Dollar, EUR/USD, USD/JPY Charts and Outlook for Next Week

The Dollar may be on the verge of undergoing a broader decline in the week ahead if support soon breaks; Euro and Yen may be set up to thrive.


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Rate Cut Odds Drop for ECB, RBNZ, and RBA as Global Growth Concerns Cool - Central Bank Watch

More signs that the US-China trade was is moving towards de-escalation has market participants lowering their expectations for immediate, aggressive rate cuts by central banks.


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EUR/USD, EUR/JPY Rates Rebound Off Lows after September ECB Meeting

Euro rates have seen volatility around the September ECB meeting as outgoing President Draghi's alter ego “Super Mario” made an appearance.


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US Dollar Uptrend Under Pressure Ahead of Sales Data and FOMC Rate Decision

The US dollar basket has experienced a sharp sell-off in the last two days, putting the recent multi-week rally under pressure. US retail sales data released later today will likely make or break this move.


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USD/CAD Price: Chart May Repeat itself - Multi Months Low on the Horizon

This week USD/CAD changed course after printing its lowest level in six weeks. However, a possible seller’s comeback should not be ignored.


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Most Volatile Currencies Next Week - US Dollar, GBP/USD

Despite sharp drop in GBP/USD volatility, implied vols remain elevated with eyes on BoE meeting, while US Dollar looks towards Fed risk.


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GBPUSD Price Rallies to a Six-Week High, Brexit Latest

GBPUSD has just hit its highest level since late-July and is eyeing further gains on a combination of a marginally stronger Sterling complex and a weak US dollar.


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Dow Jones, S&P 500, NDX Technical Outlook as Record Highs Near

The market has been working its way back to record highs, but strength may soon fade with levels and momentum working against price action.


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Thursday, 12 September 2019

EUR/USD Technical Analysis: Euro Up, Downtrend Intact After ECB

The Euro found its way higher despite a big-splash boost to ECB stimulus, but the fell conspicuously short of breaking its near-term downtrend against the US Dollar.


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EUR/USD Looks to US Retail Sales, Sentiment Data After ECB

EUR/USD may rise if US retail sales and sentiment data amplify growing Fed rate cut bets after the ECB failed to meet the market’s ultra-dovish expectations.


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Stocks Again Ride High On Trade Hopes, ECB Reasssurance. Fed Up Next

Equity markets continued to forge ahead as the US President suggested he’d consider an interim deal with China and the ECB delivered on stimulus.


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Crude Oil Prices at Risk if US Economic Data Cool Fed Rate Cut Bets

Crude oil prices may fall if upbeat US retail sales and consumer confidence data cool Fed rate cut bets and sour risk appetite across financial markets.


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An Extreme EURUSD Response to ECB but a Reversal Before US Sentiment, Fed?

Despite a sharp escalation of dovish policy by the ECB, the Euro still managed a bounce that looks like a technical reversal for EURUSD. Is this a true turn before Friday’s US sentiment survey and Wednesday’s Fed decision?


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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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EURUSD Fails to Test 2019 Low, RSI Flashes Bullish Signal After ECB

EURUSD fails to test the 2019-low (1.0926) following the ECB meeting, with the Relative Strength Index (RSI) breaking out of the bearish formation carried over from June.


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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...