GBP/USD holds sharp rally as optimism surrounding the prospect of a Brexit deal keeps the pair underpinned. Markets await confirmation from today’s Brexit meeting.
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Friday, 11 October 2019
Thursday, 10 October 2019
US Dollar May Recover Versus Euro, Pound if Trade Talks Falter
The US Dollar may recover against the Euro and British Pound if a collapse in US-China trade talks sinks market mood and fuels haven demand, boosting the highly-liquid Greenback.
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Asia Stocks Jump As Trade Hopes Endure, Trump-Liu Meet Eyed
Optimism that something solid will come out of this week’s Washington get-together of high-level negotiators from China and the US kept equity well underpinned Friday. Such hopes have been dashed b...
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Crude Oil Prices Brace for More Trade Talks and Key Drilling Data
Crude oil prices surged on Thursday amid new developments in the US-China trade war and are now eyeing more negotiations between key officials against the backdrop of key drilling data.
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US Dollar Price Volatility Report: Consumer Sentiment Data Due
The US Dollar breached a major support level and exposes the greenback to further downside - particularly if US-China trade talks sour or Friday's release of consumer sentiment data disappoints.
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AUD/USD Bounces Back as Trump Fuels Hope for US-China Trade Deal
AUD/USD retraces the decline from earlier this week as US President Donald Trump tweets that Friday will be a “big day of negotiations with China.”
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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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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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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...