EUR/USD: Euro Wilts on Woeful PMI Data, ECB’s Draghi Speaks

Euro selling pressure is accelerating again after dismal Eurozone PMI data readings point to prolonged economic weakness. Meanwhile, ECB's Draghi gives a testimony to European Parliament.

from DailyFX - Market News https://ift.tt/2mCCjTx
via IFTTT

GBP/USD, EUR/USD Drops, USD/CAD Rejects Key Resistance - US Market Open

Both the Pound and the Euro have gotten off to a soft start to kick-off the week with the latter weighed by the latest Eurozone PMI figures.

from DailyFX - Market News https://ift.tt/2mc64dp
via IFTTT

UK Markets Wait For Supreme Court Ruling, Brexit Update - Webinar

Sterling's recent rally has reversed as traders wait to see if UK PM Boris Johnson's prorogation of Parliament was legal.

from DailyFX - Market News https://ift.tt/2kwAp65
via IFTTT

EUR/USD Price Slumps as Germany PMI Data Points to Recession

The Euro broke back below 1.1000 against the US dollar after the latest IHS Markit PMI numbers all but confirmed that Germany is entering a recession.

from DailyFX - Market News https://ift.tt/334FLX3
via IFTTT

Euro May Fall If Draghi Hearing, PMI Data Spooks Markets

EUR/CHF traders will be closely watching a parliamentary hearing where ECB President Mario Draghi will be questioned on monetary policy and his outlook on the economy.

from DailyFX - Market News https://ift.tt/30iQjUI
via IFTTT

ASIAN STOCKS NO HEADERS

Asian equity had a scrappy start to the week. Japan was out for holiday leaving markets dominated by the US-China trade story. Oil prices rose as investors mulled restoration of Saudi supply.

from DailyFX - Market News https://ift.tt/331vtGO
via IFTTT

Crude Oil Prices May Fall on ECB Commentary, US PMI Data

Crude oil prices may be pressured lower as ECB President Mario Draghi sounds the alarm on slowing global growth while US PMI data cools Fed rate cut bets.

from DailyFX - Market News https://ift.tt/2QnPdD8
via IFTTT

US Dollar May Rise vs. NOK, SEK Ahead of US GDP Data, Trade Wars

The US Dollar may rise against its pro-risk Nordic counterparts if US GDP data cools rate cut bets and US-China trade war tensions escalate as both parties prepare for key talks in October.

from DailyFX - Market News https://ift.tt/30CEJje
via IFTTT

US Dollar ASEAN Outlook Bullish, Trade Deal Hopes Fade, PHP at Risk

The US Dollar may rise against Emerging Market and ASEAN currencies after US-China trade hopes faded, risking regional capital outflows. Meanwhile, the Philippine Peso awaits an anticipated rate cut.

from DailyFX - Market News https://ift.tt/30fR4yE
via IFTTT

AUDUSD Rate Outlook Mired by Lower Highs and Lows Ahead of RBA Speech

Recent price action warns of a further decline in AUDUSD as the exchange rate carves a series of lower highs and lows.

from DailyFX - Market News https://ift.tt/30istJl
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2NsSKOn
via IFTTT

Yen May Reverse Versus US Dollar, US-China Trade Deal Optimism Dims

The US Dollar is increasingly vulnerable to reversing against the Japanese Yen after US-China trade deal optimism faded, plunging the pro-risk Australian and New Zealand Dollars.

from DailyFX - Market News https://ift.tt/34YGZom
via IFTTT

Dow, Gold and EURUSD Await Direction from Trade Wars and Recession Fears

Monetary policy was the key theme of the past week with the Fed following in the ECBs footsteps with a rate cut and other extraordinarily dovish authorities held steady in QE and negative rates. Th...

from DailyFX - Market News https://ift.tt/353uMP6
via IFTTT

Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

The Dow Jones and DAX 30 have their respective rate decisions behind them and could grasp for direction amid trade war headlines while the FTSE 100 will wade through continued Brexit uncertainty.

from DailyFX - Market News https://ift.tt/351evdB
via IFTTT

Sterling (GBP) Price Forecast: Supreme Court Ruling May Stem Latest Rally

The UK Supreme Court will rule next week if PM Boris Johnson’s prorogation of Parliament was legal or not. A negative ruling would stop the latest Sterling rally in its tracks.

from DailyFX - Market News https://ift.tt/2AELy9A
via IFTTT

Euro May Keep Falling on Dovish ECB, Soft Data and Sour Sentiment

The Euro may continue to fall as local data bolsters dovish rhetoric from ECB President Draghi while US-China trade talks and Brexit risk rattle broader sentiment.

from DailyFX - Market News https://ift.tt/30xSpvW
via IFTTT

Gold Price Outlook Hinges on Fed Rhetoric, US NFP Report

Fresh comments from a slew of Federal Reserve officials may influence the price of gold as there appears to be a growing dissent at the central bank.

from DailyFX - Market News https://ift.tt/2AC3hOJ
via IFTTT

US Dollar May Rise if US GDP Data, Trade War Risks Spook Markets

The US Dollar may catch a haven bid if US GDP data beats forecasts and cools Fed rate cut bets against the backdrop of fragile US-China trade talks.

from DailyFX - Market News https://ift.tt/2NslFSQ
via IFTTT

AUD Stuggling But Underpinned By More Robust Risk Appetite

The Australian Dollar took knocks last week from several directions, both foreign and domestic. This week may be better for the bulls, if only a little.

from DailyFX - Market News https://ift.tt/34X2BS1
via IFTTT

US Dollar Price Volatility Report: USD Eyes Data, Fed-Speak

US Dollar volatility could be understated in light of several high-impact economic data readings set for release next week, which will be accompanied by US-China trade war headlines and speeches fr...

from DailyFX - Market News https://ift.tt/30yDIZz
via IFTTT