Wednesday, 25 September 2019

Nasdaq 100 Price Forecast: Semiconductor Stocks Look to Micron Earnings

The Nasdaq 100 will keep a close eye on earnings from Micron, which has potential to shed light on the impact of the US-China trade war and the health of the critically important semiconductor sector.

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USD/MXN: Mexican Peso Primed for Banxico Rate Cut, What Next?

USDMXN comes into forex traders' crosshairs with the September Banxico rate decision on deck for Thursday. Where might the Mexican Peso head next?

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Silver Price Forecast: ETF Holdings Slip as XAGUSD Price Fades

The price of silver has slipped in the last two weeks after peaking on September 4 and the total ETF holdings of silver have begun to slip alongside the asset’s price.

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Canadian Dollar Price Outlook: USD/CAD Creeps Towards Capitulation

The Canadian Dollar is on the defensive with US Dollar strength taking price back towards downtrend resistance. Here are the levels that matter on the USD/CAD charts.

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US Dollar is King, GBP/USD Suffers, USD/JPY May Reverse - US Market Open

The US Dollar remains king as its major counterparts weaken, most notably GBP. The greenback appears to have shrugged off the initital fears pertaining to an impeachment of President Trump.

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Australian Dollar Price Outlook: AUD/USD Sellers Drive into Support

The Australian Dollar has been mired in varying forms of sell-off since January of 2018. Are bears nearing another fresh 10-year low in AUD/USD?

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FTSE 100 & DAX Fundamental Forecast: Trump Impeachment Odds Rise

Equity markets sell-off as risk appetite drops following House Speaker Pelosi's announcement that the House will launch an impeachment inquiry into President Trump

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Sterling (GBP) Price Action Dominated by Brexit Disarray

Sterling is once again being moved around by the latest Brexit confusion with PM Boris Johnson expected to receive a rancorous reception in a re-opened Parliament.

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Bitcoin (BTC) Price Slumps 15% as Cryptocurrency Market Crashes

Volatility returned to the cryptocurrency market with a bang Tuesday with a range of coins shedding 15%-25% in a few hours as sellers routed the market.

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

The Euro and British Pound will be closely watching how ongoing Brexit drama unfolds after a UK Supreme Court ruling found Boris Johnson’s suspension of Parliament to be unlawful.

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Tuesday, 24 September 2019

Asia Stocks Wilt As Impeachment Start Adds To Market Woes

Asia Pacific equity didn’t need another major source of potential risk but the formal start of impeachment proceedings against Donald Trump gave them one anyway.

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AUDUSD Rate Outlook Remains Mired as RBA Sticks to Dovish Guidance

The recent rebound in AUDUSD may prove to be short-lived as the Reserve Bank of Australia (RBA) retains a dovish forward guidance for monetary policy.

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Gold Prices Hit 3-Week High But Chart Still Warns of Topping

Gold prices marked a fourth day of gains with a rise to three-week highs, but technical positioning continues to warn that a reversal downward may be in the works.

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Canadian Dollar Sinks With Crude Oil, USD/CAD Still Eyes Support

The Canadian Dollar fell with crude oil as dismal US Consumer Confidence data fueled Fed rate cut bets, sinking USD. Ahead, USD/CAD eyes near-term support as NZD awaits the RBNZ.

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US Dollar Price Volatility Report: Treasury Yield Curve in Focus

The US Dollar sank alongside Treasury yields after consumer confidence deteriorated, which sparked concerns about the underlying strength of America's consumer-driven economy.

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NZD/USD Price Outlook: New Zealand Dollar Eyes RBNZ Decision

NZDUSD implied volatility skyrockets as forex traders await the latest monetary policy update from the RBNZ, which follows the central bank's prior 50-bps surprise rate cut.

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Bitcoin Price Plunges Through Support; ETH, XRP & LTC Slide Similarly

Bitcoin prices plunged 7% in mere minutes as a long-standing area of technical support was breached. Ethereum, XRP and Litecoin slipped simultaneously as the cryptocurrency market endures a rout.

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Dow Jones Forecast: Nike Earnings to Deliver Trade War & Retailer Insight

The Dow Jones will look to earnings from footwear-giant Nike after the close on Tuesday. The firm has previously noted headwinds brought about by trade wars, will they do so again?

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EUR/USD, EUR/JPY Diverge as Risk Appetite Sours on Trump Comments

Flaring concerns about the US-China trade war are weighing on the US Dollar, in turn sending EURJPY and EURUSD rates in different directions.

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USD & Treasury Yields Drop as US Consumer Confidence Slides

The Conference Board Consumer Confidence Index declined for September causing the USD and S&P 500 to fall on the report as the survey shows consumer confidence continues to be impacted from US-Chin...

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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...