Wednesday, 2 October 2019

Canadian Dollar Tumbles With Crude Oil, USD/CAD Clears Resistance

The Canadian Dollar, crude oil prices and stocks tumbled as markets feared another trade war front opening. USD/CAD took out resistance in its most aggressive rise in over 7 months.

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US Dollar Price Volatility Report: EU Tariffs & ISM Services

The US Dollar is teed up for heightened volatility with the USTR announcing it will move forward with implementing tariffs on $7.5 billion of goods from the EU and the ISM Services PMI report on deck.

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Airbus WTO Ruling Sends European Stocks Falling

The World Trade Organization ruled that the United States could levy $7.5 billion in tariffs on exports from the EU in its ongoing Boeing-Airbus case. The decision sent European equity markets deep...

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Nasdaq 100 Price Forecast: Is the Index Headed for a Repeat of 2018?

In an eerily familiar start to October, the Nasdaq 100 has fallen beneath support following dismal US manufacturing data. Now it looks to hold above the 200DMA ahead of the incoming ISM services pr...

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VIX Surges Above 20 on Recession Fears, Gold Jumps & Stocks Drop

Recession fears are back on the rise and provided traders with a fresh dose of volatility to start 4Q19 with the VIX Index climbing above 20 while gold prices jump and the S&P 500 Index drops.

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EUR/USD Holds Channel Support, EUR/JPY Losses Deepen as Global Growth Concerns Rise

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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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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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...