Thursday, 10 October 2019

GBP/USD Rallies Most Since 2017 on Brexit Optimism, Yen May Weaken

The British Pound may continue its Brexit-fueled rally, clearing resistance. The anti-risk Japanese Yen may weaken as US-China trade deal optimism extends into Friday’s session.

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Canadian Dollar Outlook: USD/CAD, EUR/CAD, CAD/JPY, GBP/CAD

The Canadian Dollar appears ripe for heightened volatility with Friday's release of Canada jobs data on deck, which has potential to sway the BOC's monetary policy outlook later this month.

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British Pound (GBP) Surges as Varadkar Hints at Brexit Deal

The Pound Sterling is rallying as the latest Brexit news points to a possible breakthrough over the controversial Northern Ireland backstop according to Varadkar, which could lead to a deal.

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Silver Price Outlook: XAG/USD Stalls but Risk Remains– Trade Levels

Silver plummeted nearly 11% off the September highs with price stuck in a wide range just below resistance. Here are the levels that matter on the XAG/USD weekly chart.

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US Dollar Catches Support After Another Core CPI Print at 2.4%

The US Dollar caught support this morning after another Core CPI print at 2.4%. But will this dissuade the FOMC from rate cuts at the meeting later this month?

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US Dollar Rallies as US Inflation Report Alleviates Immediate Recession Fears

Headline September US CPI missed expectations at 1.7% y/y, but given fears of an even deeper setback, traders are looking at the US inflation report as a relief.

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EUR/USD Price Action: Euro Breaks out of Downtrend - US Market Open

Euro breaks out of 3-month downtrend; however, current macro backdrop may see gains somewhat limit. Swedish Krona rallies.

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FTSE 100 Forecast: Death Cross Signals Bad Omen for FTSE 100

FTSE 100 forms a death cross, raising risks to the downside. Prior death cross formations have typically shown the FTSE 100 heading lower.

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GBP/USD Nudges Higher After UK GDP Update, Brexit Meeting Nears

Sterling (GBP) picked-up a small short-term bid after the latest UK growth data. Three-month rolling GDP picked up, but August’s monthly reading fell into negative territory.

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EUR/GBP Price Analysis - Running into Fibonacci Resistance

EUR/GBP is approaching an important technical indicator which will define the short-term price movement. A clean break and close higher is needed to keep the recent bullish momentum intact.

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Wednesday, 9 October 2019

GBP/USD at Risk for Further Losses as Brexit Negotiations Collapse

GBP/USD extends the decline from the monthly-high (1.2413) amid little signs of an imminent Brexit deal.

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Asia Stocks, Currencies Whipsaw on US-China Trade Headline Blitz

Asia-based investors had to deal with apparently conflicting news on US-China trade talks. Optimism seems to be edging it for now, but hard facts remain elusive.

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Gold and Crude Oil Price Outlook Vulnerable to US-China Trade News

Gold and crude oil prices are vulnerable to volatile US-China trade updates after markets swung between a lack of progress in talks and reports of a currency pact. US CPI data is due.

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AUD, NZD Pop Higher On Report US Considering China Currency Pact

News that some progress might be made in US/China trade talks boosted growth correlated currencies, as did reports that the US will allow some companies to supply Huawei.

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Oil Price Forecast: Record US Crude Output to Fuel Bear Market

The price of oil struggles to retain the advance from earlier this week, with crude facing a greater risk of a bear market as US production hits a fresh record high.

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USD/JPY and AUD/USD Tumble as US-China Trade Talks Lack Progress

The USD/JPY, AUD/USD and S&P 500 futures tumbled amid reports that the US and China saw no progress in trade talks. China’s delegation team is now planning to leave the US a day earlier.

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US Dollar Price Volatility Report: Trade Talks, CPI on Deck

The US Dollar remains front and center with high-level trade talks and the release of inflation data on deck for Thursday's trading session. Take a look at options-implied USD trading ranges here.

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Euro Price Outlook: EUR/USD Plunge Pauses at Downtrend Support

Euro rallied nearly 1% off the yearly lows registered last week– the start of something or just a rebound? Here are the levels that matter on the EUR/USD weekly chart.

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FTSE 100 Threatens a Death Cross, CAC 40 Has Time Yet

The 50-day moving average on the FTSE 100 is dangerously close to breaking beneath the 200DMA, an occurrence that typically precedes deeper losses.

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Oil Price Technical Outlook: Crude Oil Key Support is Back in Play

Sellers took another swing at crude oil prices coming into October, brining into play a key zone of chart support.

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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...