Tuesday, 15 October 2019

Nasdaq 100 Forecast: Will FAANG Dissolve if Netflix Earnings Disappoint?

The group of high-flying tech stocks, known as the FAANG group, could dissolve if Netflix has another disappointing earnings report. Already, the group’s creator is calling for a reshuffle.

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New Zealand Dollar Price Outlook: Kiwi Flirts with Support

New Zealand Dollar is paring a portion of the recent recovery off the yearly lows – a buying opportunity? Here are the levels that matter on the NZD/USD weekly chart.

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US Recession Watch, October 2019 - US-China Trade War Talks Dash Concerns

There is a 35% chance of a recession hitting the United States within the next 12-months, according to the NY Fed Recession Probability Indicator.

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Canadian Dollar at Risk Ahead of CPI: USD/CAD, CAD/JPY, GBP/CAD

Canadian Dollar price action hinges on upcoming inflation data slated for release during Wednesday's trading session, which stands to weigh materially on BOC monetary policy outlook.

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EUR/USD's Bottoming Effort, EUR/JPY's Bullish Triangle Breakout Continue

The Euro’s strong start to the month and the final quarter of 2019 has continued through the ides of October.

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Sterling Price Outlook: British Pound Breakout Throttles Higher

Sterling surged more than 5.4% off the yearly lows with the advance now targeting uptrend resistance. Here are the levels that matter on the GBP/USD charts this week.

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IMF Cuts Global Growth Forecast as Trade Tensions Weigh

The International Monetary Fund downgraded their global growth forecast as they predict a deeper global slowdown attributed to trade and geological factors

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Brexit Latest: GBP/USD Rallies with UK and EU Close to Draft Brexit Deal

GBP/USD has rallied to fresh session highs on the back of reports that the UK and EU are close to agreeing a draft Brexit deal.

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GBP/USD Volatility Spikes Amid Key Brexit Talks, NZD/USD Eyes CPI - US Market Open

Politics continues to drive the Pound with option volatility spiking, while NZD underperforms ahead of the key CPI release.

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US Dollar Technical Outlook: EUR/USD, GBP/USD, AUD/USD, USD/JPY

The US Dollar has showed a pullback so far in Q4, but is testing a big zone of support around prior resistance.

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Gold Price Outlook: Setting Up for a Breakout as Trading Range Narrows?

Gold is forming a short-term symmetrical triangle off the recent $1,459/oz. low as support and resistance trendlines look to form an apex.

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Geopolitics of Oil: Why Crude and Conflict Are So Closely Connected

Traders often turn to the oil market when looking for an asset to trade during a major political development, a change in the world economic outlook, a new trade dispute or armed conflict.

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Gold Prices May Struggle Even as IMF, Bank Earnings Spook Markets

Gold prices may struggle to find lasting support even as the IMF downgrades its economic outlook while earnings reports from key US banks warn of credit market stress.

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GBP/USD Price Boosted by Brexit Talk, Mixed UK Jobs and Wages Data

GBPUSD trades at 1.2665, boosted in early turnover, boosted by talk that the EU still believe that a Brexit deal is possible this week. The latest UK jobs data for employment miss by a wide margin.

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EUR/USD Price Action Setup: Critical Resistance Prevents Sharp Reversal

Unlike the Pound, the recent gains in the Euro against the US Dollar have more or less been a grind higher as key resistance curbs any sharp appreciation in the pair.

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AUD/USD Technical Analysis: Trend Aims Lower Despite Choppy Trade

The Australian Dollar still seems to be biased lower against its US counterpart, with substantive losses hinted ahead despite near-term standstill in a choppy range.

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Euro and GBP Outlook: Volatility Ahead of BoE Testimony, ZEW Data

The Euro may fall if German ZEW data spooks markets, though its decline vs the British Pound may be less acute if BoE Governor Mark Carney’s premonitions about Brexit overwhelm GBP.

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Monday, 14 October 2019

EUR/USD Rate Eyes September High as ECB Pushes for Fiscal Support

EUR/USD appears to be making a run at the September-high (1.1110) as European Central Bank (ECB) officials push for fiscal support.

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US Dollar Outlook After USD/SGD Fell, MAS Eased Ahead of China GDP

The US Dollar faces mixed price cues against the Singapore currency after the MAS eased policy and ahead of China 3Q GDP. Will USD/SGD extend its decline towards rising support from 2018?

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US Dollar, Yen May Rise if IMF, World Bank Outlooks Spook Markets

The US Dollar and Japanese Yen may rise at the expense of equities and commodity-linked currencies if updated global growth outlooks from the IMF and the World Bank sap market confidence.

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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...