Monday, 16 September 2019

Crude Oil Prices See Record Spike Higher on Saudi Oil Attack

A crude awakening as crude oil prices explode higher with geopolitical tensions reaching boiling point, after Saudi oil attack sees over 50% of Saudi production disrupted.


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Gold Price Rise May Struggle to Extend Before FOMC Rate Decision

Gold price surge may struggle for follow-through, with markets turning their attention back to the upcoming FOMC rate decision even as the chart setup warns of topping.


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US Dollar, Yen, CHF May Rise on Saudi Aramco Attack, Iran Risks

The US Dollar, Swiss France and Japanese Yen may rise amid a risk-averse environment after crude oil prices surged following the attack on a key Saudi Arabian oil processing facility.


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Sunday, 15 September 2019

Stocks Mixed As Crude Oil Prices Surge On Saudi Drone Strike

Regional equity markets were perhaps surprisingly muted overall given the combination of a huge rise in oil prices and disappointing Chinese economic numbers.


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Weekly British Pound Forecast: Inflation Report Due Ahead of BOE Meeting; Brexit Talks Ongoing

As Brexit talks persist, the BOE remains sidelined. And with the UK parliament prorogued, all attention is on UK PM Johnson's talks with his EU counterparts.


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Less-Dovish RBA Minutes to Fuel AUDUSD Rate Rebound

More of the same from the RBA may fuel the recent rebound in AUDUSD as Governor Philip Lowe & Co. appear to be in no rush to implement lower interest rates.


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AUD Steady Despite 17.5-Year Low For China Industrial Production

The Australian Dollar market was clearly focused elsewhere as it shrugged off a disappointing run of Chinese economic data


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Crude Oil Prices, NOK, Brace for Norges Bank, FOMC Rate Decisions

The Norwegian Krone and crude oil prices will be in for turbulent week ahead of an avalanche of central bank rate decisions against the backdrop of political volatility in the middle east.


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Crude Oil Price Surge Flirts with Breaking 11-Year Chart Barrier

Crude oil prices have challenged chart resistance capping gains since the 2008 global financial crisis having gapped higher after a drone strike on Saudi Arabia.


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Crude Oil Prices, NOK, CAD May Rally on Saudi Aramco Drone Strike

Crude oil prices, the Norwegian Krone and Canadian Dollar may rally after a drone struck Saudi Arabia’s Aramco oil processing facility and sparked supply-disruption fears.


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Dow Perched Just Below Record High and EURUSD Tempting Reversal

We are within reach of a remarkable shift in the underlying markets. Some benchmarks like US indices and gold are within reach substantial highs (record and six year respectively) while others like EURUSD and GBPUSD look likely they are moving into reversal. These setups may be more closely related than many may expect with the application of volatility and sentiment a determining factor in ultimate bearing ahead.


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Fed Expected to Keep Risk Appetite Running After ECB, Trade Wars

The fundamental pressure will not ease up over the coming week, but momentum behind a distinct trend is not guaranteed. Risk appetite has benefit an improved view of trade wars and the help offered by the ECB but will these themes hold through a more crowded monetary policy gauntlet in the week ahead?


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Fed Expected to Keep Risk Appetite Running After ECB, Trade Wars

The fundamental pressure will not ease up over the coming week, but momentum behind a distinct trend is not guaranteed. Risk appetite has benefit an improved view of trade wars and the help offered by the ECB but will these themes hold through a more crowded monetary policy gauntlet in the week ahead?


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S&P 500 & DAX Fundamental Forecast

A strong week for equity markets as easing geopolitical (US/Iran) and trade (US/China) tensions support risk sentiment, and not to forget open-ended QE from the ECB to provide a helping hand.


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Saturday, 14 September 2019

Crude Oil Prices Weigh Short-Term Vs Long-Term Breakout

US crude oil prices put in for their biggest one-week drop since mid-July through Friday but that doesn’t translate into much progress in trend terms. A near-term breakout may take this coming week, but it will still be in a large range.


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Euro Weekly Outlook: EURUSD Price May Struggle Against Increased Headwinds

The ECB cut rates and re-booted QE Thursday, but the single currency ended the day higher across the board. It may prove difficult for the Euro to remain at these elevated levels going forward.


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British Pound Weekly Technical Outlook: GBPUSD May Run Further

Cable has put together a decent rally off the recent low, and there may be more to come in the week ahead with eyes on a couple of long-term trend targets.


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Gold Prices at Risk if the FOMC, Powell Underwhelm Dovish Markets

Gold prices may fall as a monetary policy announcement from the Federal Reserve underwhelms financial markets’ ultra-dovish interest rate path outlook.


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Australian Dollar Price Forecast: AUD/USD, AUD/JPY, EUR/AUD

The Australian Dollar technical backdrop has become less sanguine as price action shows signs of stalling. Where might AUDUSD, AUDJPY and EURAUD head next?


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US Dollar Outlook Hinges on Fed Rate Decision & Forward Guidance

The Federal Reserve meeting is likely to influence the near-term outlook for the US Dollar as the central bank is widely expected to deliver another 25bp rate cut.


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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...