The Euro is taking advantage of a weaker US Dollar, but that doesn’t mean it’s ‘all steam ahead’ for the single currency.
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Wednesday, 2 October 2019
Japanese Yen Price Outlook: USD Reversal Risks Deeper USD/JPY Losses
USD/JPY marked an outside-day reversal off resistance yesterday- threating a deeper correction in price. Here are the levels that matter on the USD/JPY weekly chart.
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JPY Outperforms, CHF Drops to Parity, GBP Volatility is Coming - US Market Open
Sterling is notably sensitive to Brexit headlines. Japanese Yen outperforms as risk assets drop. Swiss Franc weakens to parity vs US Dollar
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Australian Dollar Price Outlook: AUD/USD Re-Tests Decade Lows
Can sellers breakthrough this time? AUD/USD is re-testing a key zone of support that built in August around fresh 10-year lows.
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USD/CAD Price Struggling With Moving-Average Resistance
USD/CAD is currently finding resistance from all three moving averages a barrier for higher prices. Upcoming US data and Fed speak may shake the pair up going into the end of the week.
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Tuesday, 1 October 2019
USDCAD September Low on the Radar Ahead of ISM Non-Manufacturing
USD/CAD appears to be on track to test the September-low (1.3134) as the Federal Reserve comes under pressure to implement lower interest rates.
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British Pound Braces for Boris Johnson's New Brexit Deal
GBP will be in for a hectic session as UK Prime Minister Boris Johnson prepares to unveil his new Brexit plan as the October 31 deadline approaches.
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Asian Stocks Wilt As Investors Mull Global Manufacturing Weakness
There was never likely to be much cheer around the day after investors learned US manufacturing activity hit a ten-year low. Sure enough, Asian stocks retreated.
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Gold Prices Eye Fed Remarks After US Data Amplified Rate Cut Bets
Gold prices will be closely watching for commentary from several Fed officials after US ISM manufacturing data printed its lowest reading in a decade and boosted Fed rate cut bets.
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Gold Price Correction Remains in Play as RSI Tracks Bearish Trend
Gold prices may face a larger correction over the coming days as a head-and-shoulders formation takes shape, with the RSI still tracking the bearish formation from June.
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Yen May Rise After US ISM Data Hit 2009 Low. USD/JPY Downtrend Eyed
The Japanese Yen may rise after US ISM Manufacturing data clocked at its lowest since 2009 as risk aversion spills into Asia markets, hurting the Australian Dollar as stocks fall.
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Stock Market October Forecast: Prepare for Volatility
As the market enters the fourth and final quarter of the year and the decade, the stock market will likely have to weather heightened volatility which sparked an equity rout this time last year.
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Euro Price Outlook: EUR/USD Stalls into Monthly Open- Bears Beware
Euro’s fall to fresh yearly lows into the start of the monthly / quarterly open is suspicious. Here are the levels that matter on the EUR/USD price charts.
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US Dollar Price Outlook: USD Testing Major Trend Resistance into Q4
The US Dollar is testing multi-year uptrend resistance into the open of October trade- do the bulls have it? Here are the levels that matter on the DXY weekly chart.
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ISM Manufacturing Miss Halts USD Rally; Pushes Treasury Yields Lower
The Institute for Supply Management’s Manufacturing Index declined further in September printing a reading of 47.8, the miss shifted the markets into a risk-off mood with the USD and Treasury Yield...
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USD Dominates, GBP/USD, AUD/USD Heading Lower - US Market Open
US Dollar continues to grind higher, while RBA sinks AUD/USD and GBP/USD weighed by ongoing Brexit uncertainty.
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US Dollar Starts Q4 at Two-Year-Highs: Can USD Bulls Maintain?
The US Dollar is at fresh two-year-highs to start Q4, and the FOMC is in the spotlight for rate decisions in October and December.
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Brexit Latest: GBP/USD Eyes UK PM Johnson's Brexit Plan
GBP/USD given modest lift on better than expected Manufacturing PMI, however, Brexit details will dictate price action.
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Gold Price Slumps but Looks Oversold as US Dollar Continues to Soar
Gold has shed around $70/oz. in the last week despite a mildly supportive, political backdrop. The US dollar however continues to strengthen forcing the precious lower.
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EURUSD Rate Searches for Support as ECB Calls for Fiscal Stimulus
EURUSD continues to search for support, with the exchange rate at risk of exhibiting a more bearish behavior amid the weakening outlook for the monetary union.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...