Thursday, 17 October 2019

Crude Oil Prices May Fall as Markets Weigh Weekend Headline Risk

Crude oil prices may turn lower as jittery markets leery of headline-driven volatility move to de-risk portfolios ahead of the weekend.

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Australian Dollar Firm After China GDP Miss But Trend Aims Lower

The Australian Dollar shrugged off disappointing third-quarter Chinese GDP data but the overall trend continues to broadly favor weakness ahead.

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China GDP Preview: Lower Growth Rate to Rattle AUD/USD Recovery

Updates to China’s GDP report may rattle the recent advance in AUD/USD as Australia’s largest trading partner is anticipated to grow 6.1% in the third quarter of 2019.

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USD/JPY Rate Faces Bearish Reversal Pattern Amid Brexit Deal Hopes

The USD/JPY is carving out a bearish reversal pattern as Brexit deal hopes fuel gains in the British Pound and stocks. Ahead, AUD/USD risks reversing losses on China 3Q GDP.

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Bitcoin Price Forecast: BTCUSD Lacks Momentum Despite Key Tailwind

After suffering a debilitating breakdown in late September, Bitcoin has continued lower despite weakness in a key emerging market currency that has historically boosted BTCUSD.

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US Dollar Price Volatility Report: Will China GDP Spark Havens?

The US Dollar has swooned so far this month which sank the DXY Index below critical technical levels. Will China GDP data due Friday disappoint and spark demand for havens like the USD?

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Euro Price Outlook: EUR/USD Soars Through Resistance- Breakout Targets

Euro has broken above multi-month resistance with the rally taking price to levels not seen since August. Here are the levels that matter on the EUR/USD weekly chart.

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DAX 30 & CAC 40 Technical Forecast: Short Exposure Explodes as Indices Rise

After Brexit optimism helped to propel the DAX 30 and CAC 40 to their highest levels in months, IG clients have poured into the short side, betting the rally is overdone.

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EUR/USD, EUR/JPY Rallies Extend to Fresh October Highs on Brexit Deal

The Euro’s strong start to October has continued to build on the back of progress on the Brexit and US-China trade war fronts.

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US Dollar Price Outlook: USD Plummets into Multi-Year Trend Support

The US Dollar is testing multi-year uptrend support with the index down more than 1.8% off the yearly highs. Here are the levels that matter on the DXY weekly chart.

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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten

The 75th anniversary of the Bretton Woods conference was at the end of July, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.

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Gold Prices Remain Subdued in Bull Flag as USD Drops Through Support

The US Dollar has fallen through the floor this week, helped along by Brexit dynamics; but Gold prices continue in a corrective bull flag formation.

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Brexit Latest: Sterling (GBP) Surges as Brexit Deal Agreed - What Next?

Sterling soars on the news that the EU and the UK have agreed a deal. Next up the UK Parliament will vote on the deal on Saturday with the DUP still offside.

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Brexit Latest: GBP/USD Surges as Brexit Deal is Done

GBP/USD rallies on reports that a Brexit deal between the UK and EU has been finalised.

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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.

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Wednesday, 16 October 2019

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.

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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?

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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.

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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.

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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?

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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...