Brexit Hits a Stumbling Block; GBP/USD Slips But Remains Underpinned

Brexit negotiations continue with the EU said to be ready to offer the UK a deal. The DUP remain a stumbling block to a deal however, giving traders a reason to trim their Sterling positions.

from DailyFX - Market News https://ift.tt/2BhDlYW
via IFTTT

Gold Prices Up as Brexit Deal Hopes Fizzle After DUP Rejection

Gold prices are up as Brexit deal hopes fizzle ahead of a key EU leaders’ summit. Crude oil prices may be pressured lower by EIA inventory data.

from DailyFX - Market News https://ift.tt/2VMh2Ee
via IFTTT

British Pound Price Outlook: EU Summit May Undermine Brexit Hopes

The British Pound may continue to slide and pare some of its recent gains as policymakers from the UK and EU enter a showdown over Brexit at the EU summit. Will they be able to reach a deal?

from DailyFX - Market News https://ift.tt/32xpA4J
via IFTTT

Australian Dollar and ASX 200 Trend Hinges on RBA, Fed Rate Cuts

The Australian Dollar may resume its downtrend while the ASX 200 stock index powers higher as dovish monetary policy drives interest rates lower.

from DailyFX - Market News https://ift.tt/31kIOsS
via IFTTT

GBP May Fall on CPI as Brexit Hopes Fizzle. USD Eyes Retail Sales

The British Pound may fall against its major counterparts if UK CPI data shows weaker price growth amid Brexit uncertainty. US Dollar traders will be closely watching retail sales figures.

from DailyFX - Market News https://ift.tt/2OTmWSE
via IFTTT

Australian Dollar Outlook: Will AUD/JPY Retreat From Resistance?

AUD/JPY has launched yet another attempt to breach multi-month downward trend resistance after failing to break above it in September. Will two consecutive defeats precede a reversal lower?

from DailyFX - Market News https://ift.tt/2nRuk5T
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2IY7XmB
via IFTTT

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.

from DailyFX - Market News https://ift.tt/32jUwVW
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2oDTmGh
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2VLjCua
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2IVPGGE
via IFTTT

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.

from DailyFX - Market News https://ift.tt/32nu9OC
via IFTTT

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?

from DailyFX - Market News https://ift.tt/35yb0vs
via IFTTT

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.

from DailyFX - Market News https://ift.tt/35Hy8aP
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2qeCNRq
via IFTTT

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.

from DailyFX - Market News https://ift.tt/35GTPI2
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2IYyr7I
via IFTTT

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.

from DailyFX - Market News https://ift.tt/31n32Sy
via IFTTT

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.

from DailyFX - Market News https://ift.tt/33yhwR6
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2oKZi01
via IFTTT