Wednesday, 16 October 2019

AUD/USD Breakout Higher in Focus as Australian Unemployment Drops

The AUD/USD is attempting to break above key resistance again after Australian unemployment unexpectedly dropped. Aussie follow-through may have to wait for China 3Q GDP.

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US Dollar Uptrend at Risk, Japanese Yen May Gain as Stocks Sink

The US Dollar may reverse the dominant uptrend from June after dismal US retail sales data. Ahead, the anti-risk Japanese Yen may gain as the Australian Dollar eyes jobs data.

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Netflix Shares Soar After Earnings, But Will the Gains Last?

Netflix shares surged 10% after the close on Wednesday after the streaming-service announced it beat on earnings but missed analyst expectations on subscriber growth as competition closes in.

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US Dollar Price Volatility Report: DXY Index Breaches 98.00

The DXY Index sank below the 98.00 price level as US Dollar weakness persists, which is jeopardizing the greenback's longstanding bullish trend.

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Canadian Dollar Price Outlook: USD/CAD Plummets to Fresh Weekly Lows

The Canadian Dollar rallied for the second consecutive day taking USD/CAD towards near-term downtrend support. Here are the levels that matter on the Loonie charts.

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Can Earnings Propel the Dow Jones and Nasdaq 100 to New Heights?

With a strong start to earnings season and possible trade war deal, the fundamental landscape has opened the door for the Dow Jones and Nasdaq to reclaim prior highs. Now technicals stand in the way.

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WTI Crude Oil Price Outlook: Bear Flag Builds, Can Sellers Push Through?

Crude oil prices have continued to show digestion after the early-October re-test at key support. Are bears yet willing to push a breakdown?

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Currency Wars: What to Expect if a Currency War Breaks Out?

The risks of a full-blown currency war is at an all-time high since the US-China trade began. While trade wars are fought with tariffs, currency wars can be fought in several ways.

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Gold Propels; Dollar Drops After US Retail Sales Disappoint

US Retail sales disappointed with a headline figure coming across the wires at -0.3%, vs expectations of 0.3% sending gold higher into the morning trading session.

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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 Drops, GBP/USD Choppy, NZD/USD Underperforms

A typical choppy and volatile session so far for the Pound eyes on DUP support. Canadian Dollar drops as CPI slips below expectations.

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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/JPY

The US Dollar has held support at a key area on the chart. Will USD bears be able to push through, keeping topside scenarios active in EUR/USD and GBP/USD.

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EUR/USD Price: Struggles Continue, Sitting on 50-Day Moving Average

EUR/USD remains above 1.1030 with little fundamental news to push it much higher. The pair are currently finding short-term support from one technical indicator however.

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Brexit Latest: Sterling Slips as Brexit Deal Chances Downgraded

The UK government has just said that the chances of a Brexit deal are low, despite Tuesday’s optimistic outlook. And Sterling is giving back a portion of Tuesday’s gains.

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FTSE 100 vs FTSE 250: Brexit Progress Key to Outperformance

Brexit remains the dominant driver for UK assets, as such, with market participants predominantly on headline watch volatility is likely to ensue for both the FTSE 100 and FTSE 250.

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Crude Oil Prices May Fall on Cooling Brexit Deal Hopes

Crude oil prices may fall alongside stocks as fading hopes for a breakthrough Brexit deal sour risk appetite across financial markets.

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Tuesday, 15 October 2019

The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.

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AUD/JPY Fell After China Threatened Retaliation for US Hong Kong Bill

AUD/JPY and NZD/USD fell after China threatened to retaliate against the US if Washington passes a bill that supports the protestors in Hong Kong.

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AUD/USD Breakout Unravels as China Responds to Trump Tweet

The recent breakout in AUD/USD unravels, with the exchange rate carving a series of lower highs and lows as China offers details regarding “phase one” of the trade deal.

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US Dollar Price Volatility Report: Retail Sales & FOMC in Focus

The US Dollar stands to swing in response to retail sales data on deck for release Wednesday, which could sway Fed interest rate cut expectations in light of the US' consumer-driven economy.

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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...