With a Brexit deal in focus and the US-China trade war de-escalating, G10 currencies’ central banks’ rate cut odds have receded.
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Friday, 18 October 2019
The Stars Have Aligned for a Stock Market Breakout if Earnings Can Impress
US stocks have a lot on the line next week as a series of high-profile companies report their quarterly results. Among them are the largest components of the S&P 500, Dow Jones and Nasdaq.
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US Dollar Suffers, EUR/USD Gains, GBP/USD Eyes Critical Brexit Vote - US Market Open
Euro plays catch up with Sterling’s surge. Investors look towards Saturday’s critical Brexit vote. US Dollar sentiment wanes as index drops for third consecutive week.
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EUR/USD Price: Short-Term Rally May Run Into Resistance
EUR/USD recent rally has pushed it back to levels seen in late August. The over-bought pair are now likely to run into short-term resistance as the latest ECB meeting looms.
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Gold Price Nears Breakout as Trendlines Continue to Merge
Gold continues to trade in a narrow range and is likely to make a break, one way or another, shortly as support and resistance trendlines converge.
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Thursday, 17 October 2019
Euro Outlook: EUR/GBP May Rise if Brexit Hopes Continue to Fade
The Euro may rise vs the British Pound if uncertainty about Brexit pulls capital out of Sterling as UK lawmakers prepare for a key vote on Saturday.
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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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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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