The US Dollar faces another week of high-impact event risk surrounding trade war developments, commentary from Fed Chair Powell and economic data releases. Here's where USD pairs might head next.
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Friday, 4 October 2019
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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US Dollar Forecast Sours as Fed Rate Cut Odds Rise, US Yields Sink
The area where the DXY Index found resistance this week was the trendline helping constitute resistance in the longer-term bearish rising wedge – an ominous topping pattern that persists.
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Crude Oil Price Outlook Brightens as Support Holds on Firm NFP
Crude oil prices rebounded off confluent support after a "goldilocks" US jobs report downplayed recession fears but reinforced prospects for further monetary policy accommodation from the Fed.
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Japanese Yen Price Outlook: Weekly Reversal Threatens More USD Losses
USD/JPY marked an outside-weekly reversal off confluence resistance this week- bulls on notice. Here are the levels that matter on the USD/JPY weekly chart.
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US Dollar Bounces as NFP Misses Target: Powell on Deck
It was another bad US data print but USD strength has shown thus far, perhaps owed to the extremely low expectations that have begun to build.
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US Dollar Rises on Mixed NFP, Fed Rate Cuts Still Expected
US Nonfarm Payrolls rose by 136k in September, below expectations of 145k. NFP enough to calm recession fears but weak enough to expect Fed rate cuts.
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US Dollar Outlook - US NFP Report Capable of Sparking USD Volatility
The monthly US Labor Report is released later today against a background of weaker growth and heightened political risk. A sharp move in the USD, one way or another, is a real possibility.
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Sterling (GBP) Price in Limbo as EU Remain 'Unconvinced' with UK Brexit Plan
Sterling has given back most of Thursday’s gains and is trading around 1.2340 after being buffeted by news from various EU leaders who remain unconvinced about Boris Johnson’s latest Brexit offer.
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Thursday, 3 October 2019
Euro Braces for ECB, Draghi. US Dollar Eyes CPI Data
The US Dollar along with local equity markets will be closely watching critical jobs data and a speech from Fed Chairman Jerome Powell amid escalating EU-US trade war tensions.
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Asia Stocks Trade Mixed As Weak US ISMs Stoke Some Payroll Nerves
Official US labor market numbers arguably remain the most important single release of the global cycle. They’re up later, after some feeble manufacturing and service sector figures.
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US Dollar Forecast Versus Indian Rupee, RBI to Cut to 9+ Year Low?
The US Dollar could rise against the Indian Rupee as the RBI cuts rates to their lowest since 2010, leaving the door to further easing amid trade wars. USD/INR downside risks remain.
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Gold Prices May Rally on NFPs as Crude Oil Sinks On More Long Bets
Gold prices may rally towards key resistance if the upcoming US non-farm payrolls report disappoints. Meanwhile, crude oil prices may falter on bearish contrarian trading signals.
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EURUSD Opening Month Range Foreshadows Larger Rebound Going Into NFP
The monthly opening range for EUR/USD foreshadows a larger rebound in the exchange rate as it carves a series of higher highs and lows ahead of the US NFP report.
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Australian Dollar to Reverse as Markets Double Down on Fed Cut
The Australian and New Zealand Dollars capitalized on US Dollar weakness as markets doubled down on a Fed rate cut this month. AUD/USD may reverse on technical signals, but the sentiment outlook is...
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US Dollar Price Volatility Report: NFP Jobs Report & Fed Eyed
The US Dollar turns to Friday's high-impact nonfarm payrolls (NFP) jobs data to cap off this week's barrage of economic indicators that have sent Fed rate cut bets surging.
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DAX 30 Price Forecast: The Index Can Ill Afford a US-EU Trade War
The DAX 30 has faltered alongside the Dow Jones as weak manufacturing and newly-imposed tariffs highlight the dismal outlook for both economies. Will the ECB’s easing be enough for the DAX?
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Canadian Dollar Price Outlook: USD/CAD Approaching Range Extremes
USD/CAD is testing the upper bounds of a multi-week range in price heading into US Non-Farm Payrolls. Here are the levels that matter on the USD/CAD weekly chart.
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How Gold, Oil, Stocks & USD Perform During FOMC Rate Cut Cycles
Fed Chair Powell and the FOMC have already lowered US interest rates twice this year and the central bank is likely to cut again. How have assets historically performed during rate cut cycles?
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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 -...