Tuesday, 8 October 2019

Trade War Latest: China Pledges to Retaliate, USD/JPY Drops - US Market Open

Risk sentiment has deteriorated as the likelihood of a US-China interim trade deal and a Brexit deal fades. Safe-havens outperform with JPY, CHF and gold lifted.

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US Dollar Technical Forecast: EUR/USD, AUD/USD, GBP/USD, USD/CAD

The US Dollar pulled back last week but buyers have since come in to hold support. Will USD-bears be able to post a deeper push?

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Brexit Latest: GBP/USD Drops with Brexit Talks Close to Breaking Down

Brexit talks are at risking of breaking down after Chancellor Merkel states that a deal is overwhelmingly unlikely.

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Bitcoin (BTC) Price: Rally Fizzles as Bearish 'Death Cross' Begins to Form

Bitcoin’s latest bounce-back from lows last seen four months ago has stalled with a negative technical signal forming on the daily chart.

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Gold Price Forecast: Bid Revived on US-China Trade Spat

Gold is dipping into support ahead of the latest round of US-China trade talks, with proceedings marred after US President Trump yesterday blacklisted 28 Chinese organizations.

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Monday, 7 October 2019

US Dollar, S&P 500 Brace for Powell Comments as Easing Bets Spike

The US Dollar along with regional equity markets will be closely watching Fed Chairman Jerome Powell’s commentary amid rising easing expectations and worsening trade relations.

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EURUSD Rate Rebound Fizzles Ahead of Meeting Minutes for FOMC and ECB

The rebound in EUR/USD appears to be stalling ahead of the meeting minutes for the FOMC and ECB as it fails to extend the series of higher highs and lows from last week.

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Asia Stocks Gain as China Markets Return, US-China Trade Hopes Endure

There was plenty of green around Asia Pacific stock markets as mainland China returned from holiday and investors hoped for at least some progress in Washington this week.

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Crude Oil Prices, Gold Eye Powell Speech as Recession Fears Rise

Crude oil prices along with gold will be closely watching a speech by Fed Chairman Jerome Powell after a week of dismal economic data and rising trade war tensions.

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Trade-Focused AUD Shrugs As Business Confidence Returns To Zero

The Australian Dollar didn’t seem too worried about a key indicator’s slide back to lows last seen in March. This week’s US-China trade talks are running the table.

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Gold Susceptible to Larger Correction as Bearish RSI Pattern Persists

Failure to preserve the monthly opening range may spur a larger correction in the price of gold as the RSI continues to track the bearish pattern carried over from June.

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US Dollar Turns on Support as US-China Trade News Sours Markets

The US Dollar rose as near-term support turned it towards resistance as the latest US-China trade news sent the S&P 500 lower. Ahead, the pro-risk Australian Dollar may weaken.

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US Dollar Price Volatility Report: EUR/USD & USD/CNH In Focus

Trade war rhetoric will be front and center for US Dollar price action this week, which sets EURUSD & USDCNH in the spotlight.

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Stock Market Forecast: Nasdaq 100 Outlook Dims on Trade War Impasse

The Nasdaq 100 could fall under pressure in the coming days after the Chinese Commerce Ministry said China is unwilling to negotiate on matters of intellectual property protection.

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FX Week Ahead - Top 5 Events: Q2'19 US GDP Report & USD/JPY Rate Forecast

The September China Caixin PMIs are due on Tuesday, October 8 at 1:45 GMT, bringing the impact of the US-China trade war back in focus.

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Canadian Dollar Price Outlook: USD/CAD Rally Stalls at Resistance

The Canadian Dollar is trading near monthly lows against the US Dollar with price stalling near range extremes. Here are the levels that matter on the USD/CAD charts.

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USD/TRY: Turkish Lira Drops on Trump Tweet, Bitcoin (BTC) Gains

The Turkish Lira is coming under increased selling pressure as tensions in the Middle East heat up as Trump threatens Erdogan not to invade Northern Syria. EM capital flight could fuel bitcoin pric...

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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch

All currencies are not the same; emerging market FX trades differently than developed market FX.

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Euro's Strong Start to October Comes as Attention Shifts to Brexit, US-China Trade War

No news may be good news for the Euro over the coming days, given how generally disappointing economic data releases have been otherwise.

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US Dollar Price Outlook: Q4 Pullback, EUR/USD Resistance Test

The US Dollar continues to pullback and this has helped EUR/USD to recover to a key area of potential resistance.

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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...