ISM Services PMI Miss Adds to Market Turmoil, Recession Risk

The Institute for Supply Management’s Non-Manufacturing Index declined further in September with a reading of 52.6 vs expectations of 55.0. The disappointing figure echoes this week’s poor data.

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Gold Prices Bounce as USD Retreats, Can GLD Bulls Hold the Line?

Gold prices have put in a vigorous bounce so far in Q4, but is that bigger picture bullish trend ready to continue? Or is this a bull trap scenario?

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Rate Cut Odds Jump for ECB, RBA, and RBNZ Drop as Global Growth Concerns Heat Up - Central Bank Watch

Fears of an oncoming global recession have provoked sharp swings in G10 currencies’ central banks’ interest rate expectations in recent days.

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USD/CAD Reversal, GBP/USD Rises, US Dollar Eyes ISM Data - US Market Open

Sterling outperforms in the G10 complex, headline risk remains elevated. USD/CAD extends reversal while US Dollar eyes ISM Non-Manufacturing PMI.

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US Dollar Price Outlook: Q4 Pullback Continues, NFP on Deck

The US Dollar is pulling back from the fresh two-year-highs that were set shortly after the Q4 open, and NFP will likely drive flows from here.

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Crude Oil Price: Trend Breakdown Nears Prior Reversal Zone

Crude oil’s recent sharp sell-off has taken out the prior uptrend started in early August. A previous reversal zone nears - Will history repeat itself?

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GBP/USD Price Outlook: Unfazed by PMI Warning Signal

GBP/USD had been largely unfazed by the latest PMI data, which showed a contraction in the services sectors. Politics remains the key driver for the Pound.

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Gold Price Outlook: Boosted by Risk Sentiment, Eyes US NFP Report

Gold continues to trade either side of $1,500/oz. as risk-off sentiment boosts the price of the precious metal. The US Labor Report on Friday will decide the next move.

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US Dollar, Stock Markets Brace for Key US Data, EU-US Trade War

The US Dollar and local equity markets will be anxiously watching for the release of critical US data after ISM manufacturing reports printed a decade-low reading amid a cross-Atlantic trade dispute.

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Post-RBA AUDUSD Rebound on Radar as Lowe Pushes for Fiscal Support

AUD/USD attempts to retrace the decline following the Reserve Bank of Australia (RBA) meeting as Governor Philip Lowe pushes for “a renewed focus on structural measures.”

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Asia Stocks Hit As US-Europe Trade Tensions Add to Investor Woes

Asia Pacific equity markets endured more sharp falls as trade worries returned very much to the fore. Hong Kong saw some woeful retail sales data too

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Gold Spiked on Easing Bets, Crude Oil Prices Fell on Growth Risks

Crude oil prices fell alongside equity markets amid a spike in global growth fears that prompted a rise in gold from a spike in Fed easing expectations.

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US Dollar Uptrend on SGD Reinforced by Singapore PMI Contraction

The US Dollar could gain against SGD after Singapore PMI contraction reinforced MAS easing bets. The Singapore Dollar is vulnerable if US-EU trade war fuels demand for liquidity.

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USDCAD Rate Reacts to Uncertainty Surrounding USMCA

USD/CAD reacts to the uncertainty surrounding the United States-Mexico-Canada Agreement (USMCA), with recent price action bringing the September-high back on the radar.

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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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