The price of gold is at risk of giving back the advance from the start of the month as the RSI continues to track the bearish formation carried over from June.
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Sunday, 13 October 2019
Crude Oil Prices May Give Back Gains as Brexit Optimism Wanes
Crude oil prices rose with stocks amid hopes for a Brexit deal last week, but waning optimism may force retreat as the EU pours cold water on breakthrough prospects.
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GBP, SEK, NOK Brace for Brexit Drama Ahead of EU Summit
The Swedish Krona and Norwegian Krone will be in for a tense week ahead of Brexit-related drama and a crucial EU summit which could be a turning point for the EU-UK divorce.
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US Dollar Outlook on SGD, INR and IDR Amid Trade Talks, China GDP
The US Dollar may rise if US-China trade deal optimism fades. The Singapore Dollar and Indian Rupee may weaken if China GDP continues slowing and the IMF reiterates trade uncertainty.
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AUD/USD Breaks Out of Monthly Opening Range on US-China Trade News
AUD/USD may stage a larger correction as the US-China trade truce encourages the Reserve Bank of Australia (RBA) to implement a wait-and-see approach for monetary policy.
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US Dollar, London Increase Currency Market Dominance, Yuan Stagnates
The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever.
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USD/JPY May Reverse as AUD/USD Follows Post US-China Trade Talks
The anti-risk Japanese Yen may rise as the sentiment-linked Australian Dollar falls after markets seemed underwhelmed by US-China trade talks. USD/JPY stalled at resistance.
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Will Risk Trends Extend Charge and EURUSD Reverse with Trade War News?
This past week reflected a strong charge in risk-leaning assets like the Dow under the auspices of an impending US-China trade deal. Progress was found between these two key players through Friday,...
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S&P 500 & FTSE 100 Fundamental Forecast
Event-driven sentiment means that key focus remains on Brexit negotiation and US-China trade talk progress to extend equity market gains. We are ourselves, deal of no deal?
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Saturday, 12 October 2019
GBP Braces For Brexit Turmoil, EU Summit: Will There be a Deal?
The British Pound will be in for a volatile week ahead of critical talks at the EU-UK summit as the October 31 deadline approaches. Will policymakers be able to avoid a no-deal Brexit?
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US Dollar (USD) Weekly Outlook: US-China Trade Talks are Key
The US dollar is on the back foot and is trading at lows seen three-weeks ago as optimism builds that the US and China will find some common ground and avert escalating the 15-month old trade war.
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Oil Prices to Stay Afloat for as OPEC Emphasizes December Meeting
Recent developments coming out of OPEC may fuel the recent rebound in the price of crude oil as group emphasizes its pledge to balance the energy market.
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Friday, 11 October 2019
US Dollar Price Volatility Report: Retail Sales Eyed Post-Trade Talks
USD price action could get a jolt from upcoming retail sales data and changes in Fed rate cut bets following the announced 'phase 1' US-China trade agreement.
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AUD in Thrall to US-China Trade Story, RBA Minutes, Jobless Data Loom
There’s domestic interest for Australian Dollar investors this week. Full-time employment growth disappointed last month. If it does so again the currency could slide.
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Gold Sinks, S&P500 Rises Further on Solid Consumer Sentiment Data
This morning’s Consumer Sentiment report from the University of Michigan beat estimates this morning as lower interest rates and inflation expectations bolstered consumer sentiment.
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BOC, ECB, & RBA Rate Expectations Drop as Global Recession Fears Cool - Central Bank Watch
With Brexit on a path towards resolution and the US-China trade war looking like it will move past the impasse, fears of a global recession have abated sharply in recent days.
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USD/CAD Spikes Lower on Strong Canadian Jobs Data
Canadian Dollar strengthens on the back of better than expected jobs data, in which the employment change rose 53.7k vs. Exp. 10k, while the unemployment rate dropped to 5.5%
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Sterling (GBP) Price Continues to Rally on Renewed Brexit Optimism
Sterling (GBP) retains a strong bid across the board after European Council President Donald Tusk tweets that he has received ‘promising signals’ from Irish Taoiseach Leo Varadkar.
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Gold Price Boosted by Flagging US Dollar, Tempered by Risk-On Hints
Gold moves back above $1,500/oz. in early turnover, boosted by a weaker US dollar backdrop. The rise is being held in check by a positive risk set-up as US Trade talks and Brexit negotiations take ...
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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...