Tuesday, 24 September 2019

GBP/USD Choppy, AUD/USD and NZD/USD Outperform - US Market Open

The Pound is broadly firmer this morning following the UK Supreme Court decision. AUD & NZD outperform on improved risk tone, eyes on RBNZ.

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

The US Dollar remains near highs as the end of Q3 approaches, leaving a number of interesting themes across major FX pairs.

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Market Sentiment: Havens in Demand, GBP Up on Court Ruling | Webinar

Safe havens such as the Yen, the Swiss Franc and Gold are all gaining ground as trader sentiment turns sour but Sterling is firmer on the Court ruling that the suspension of the UK Parliament was u...

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UK Supreme Courts Rules PM Johnson's Prorogation as Unlawful, GBP/USD Rise Reversed

GBP/USD sees a choppy reaction following the UK Supreme Court’s decision to rule the PM Johnson’s prorogation was deemed unlawful.

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Gold Price Eyes Fresh Higher High, Silver Price Retains Latest Rally

The price of gold may re-test its recent high in the short-term after failing to break support last week, while silver’s spike higher yesterday is being consolidated.

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Euro May Fall on German IFO Data After PMIs Sent Chilling Message

The Euro may suffer if German IFO data amplifies regional slowdown fears after Eurozone PMI data sent a chill down the spine of European policymakers.

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Monday, 23 September 2019

HK Sees Year's Second-Biggest IPO, Anheuser Busch Floats Asia Unit

There was some good news for Hong Kong’s post-protest future as a financial center Tuesday. US-China trade hopes buoyed equity in the broader region.

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Crude Oil Prices May Idle as the FOMC Regains the Spotlight

Crude oil prices may fall if downbeat German IFO data stokes global slowdown fears even as an US consumer confidence figures cool Fed rate cut speculation.

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USDCAD Rate Rebound Sputters Amid Divided FOMC

The failed attempt to test the monthly-high (1.3383) brings the downside targets back on the radar for USDCAD as the RSI tracks the bearish formation from August.

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Gold Price Rally to Persist If Bullish RSI Signal Takes Shape

The Relative Strength Index (RSI) may offer a bullish signal for gold prices should the oscillator snap the downward trend from earlier this year.

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New Zealand Dollar May Rise Against USD, British Pound Weakened

The New Zealand Dollar may be reversing against the US Dollar, but fundamental conviction may have to wait for the RBNZ. The British Pound underperformed against its major peers.

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US Dollar Price Volatility Report: USD Eyes Consumer Confidence

USD price action turns to Tuesday's release of US Consumer Confidence data, which may serve as a major source of US Dollar volatility in addition to other high-impact event risk on the docket.

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Australian Dollar Price Outlook: Aussie Drops into Downtrend Support

The Australian Dollar is poised to mark the fourth consecutive daily loss with price now testing support . Here are the levels that matter on the AUD/USD price charts.

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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.

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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.

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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.

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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.

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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.

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Sunday, 22 September 2019

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.

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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.

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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...