Friday, 20 September 2019

Bitcoin Price Chart Forecast: BTCUSD Awaits Pennant Breakout

Bitcoin has maintained a tight trading formation throughout September as the lower and upper bounds of a pennant pattern constrict price action. Now, space is lacking, and a breakout is due.

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US Household Net Worth increases $1.83 trillion for Q2

US Household wealth hits $113.5 trillion at the end of the second quarter of 2019 helped by rising home prices and a growing US stock market.

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Gold Price Targets: XAU/USD Recovery to be Short-lived- GLD Outlook

Gold snapped a three-week losing streak but continues to consolidate just below a critical resistance zone. Here are the levels that matter on the XAU/USD weekly chart.

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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten

The 75th anniversary of the Bretton Woods conference was at the end of July, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.

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

The September FOMC rate decision is now in the books and, as of yet, nothing has broken. The attention now turns to economic data out of the US.

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Gold Price Slowly Building Bullish Momentum, Silver Price Consolidates

Gold and silver are both inching higher after their recent sell-offs. Both need to consolidate further if they are to re-test recent highs.

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Euro Braces for ECB, Draghi. US Dollar Eyes CPI Data

The US Dollar and Euro will be closely watching ongoing US-China trade talks after President Donald Trump’s advisor gave market’s a chilling message.

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Thursday, 19 September 2019

Stocks Inch Up On Local Tailwinds Despite New US-China Trade Jitters

New clouds appeared over the US-China trade story but the two sides are at least still talking and Asian stock investors founds things to cheer elsewhere.

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US Dollar May Overtake Rupiah if Trade Talks Sour as Indonesia Cuts

The US Dollar struggled to gain against the Rupiah despite the Bank of Indonesia delivering a cut. Its efforts to guard USD/IDR will be tested should US-China trade talks sour.

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Gold Price Chart Warns of Downturn as Markets Digest Fed Outlook

Gold price technical positioning is warning that a significant turn lower may be in the works as prices digest the outcome of September’s FOMC rate decision.

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US Dollar Price Volatility Report & USD Trading Ranges Post-Fed

As USD implied volatility drifts lower with event risk from the September Fed meeting in the rearview mirror, here are the estimated trading ranges for major US Dollar currency pairs.

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US Dollar, London Increase Currency Market Dominance, Yuan Stagnates

The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever.

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US Dollar Price Volatility Report & USD Trading Ranges Post-Fed

As USD implied volatility drifts lower with event risk from the September Fed meeting in the rearview mirror, here are the estimated trading ranges for major US Dollar currency pairs.

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NZDUSD Rate Eyes 2019 Low Ahead of RBNZ Meeting

NZDUSD approaches the 2019-low (0.6269) ahead of the RBNZ meeting, but there appears to be a divergence between price and the RSI as the oscillator holds above 30.

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Australian Dollar May Fall, Yen Gains as Markets Eye Trade Talks

The Australian Dollar may approach August lows against the US Dollar after US-China trade comments fueled volatility in financial markets. The Japanese Yen may look past CPI data.

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OECD Cuts Global GDP Growth Outlook as Trade Risks Linger

The Organization for Economic Cooperation and Development downgraded their global growth forecast as they predict a deeper global slowdown driven by weak manufacturing, protectionist trade policies...

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Dow Jones Forecast: Momentum Stocks Gain Ground but Resistance Weighs Heavy

After opening higher, the Dow Jones forfeited gains as trade tensions look to derail a post-FOMC rally higher. Still, tech and momentum stocks were able to stem recent losses.

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Canadian Dollar Price Chart: USD/CAD Range, Loonie Breakout Potential

USD/CAD is up on the week, but the broader focus remains on a break of a multi-week range in price. Here are the levels that matter on the USD/CAD weekly chart.

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AUD/USD Drops as Rate Cut Bets Soar, USD Reverses Fed Induced Gains - US Market Open

AUD/USD on the backfoot as rate cut bets soar following uptick in unemployment, eyes on Governor Lowe’s speech. JPY and CHF boosted by BoJ and SNB. USD reverses gains

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WTI Oil Price Outlook: Sharp Moves, Nasty Headlines, Levels to Know

Oil prices have been on the move this week and the prospect of continued flares in the Middle East can keep this them center-stage.

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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...