EUR/USD clears the September-high (1.1110) ahead of the ECB meeting, but the bullish momentum appears to be abating as the RSI fails to push into overbought territory.
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Sunday, 20 October 2019
US Dollar Outlook: MYR, SGD May Fall on CPI. Rupiah to Drop on Cut?
US Dollar weakness failed to translate into uniform ASEAN FX strength. The path for a US-China trade deal carries uncertainties. SGD, MYR eye CPI data as IDR looks to a rate cut.
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AUD/USD Eyes September High as China Pledges to Make ‘Joint Effort’
AUD/USD appears to be on track the test the September-high (0.6895) as China’s Ministry of Commerce pledges “to make joint efforts to achieve the final agreement.”
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British Pound Price Outlook: EUR/GBP, GBP/SEK, GBP/NOK Eye Brexit
Uncertainty about Brexit will continue to pull the British Pound in all directions and the uncertainty from the EU-UK divorce may pressure the Swedish krona and Norwegian Krone in the week ahead.
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Yen, Franc Up as Pound Drops on Brexit Bedlam But Stocks Hold Up
The anti-risk Japanese Yen rose as Brexit bedlam sank the British Pound, but stocks are holding up on bets that central banks will expand policy support.
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Weekly British Pound Forecast: Brexit Vote Delayed - What's Next?
With the UK parliament passing the Letwin amendment, several pieces of legislation need to be passed before UK Prime Minister Boris Johnson’s Brexit deal can be ratified.
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British Pound Prices May Gap Lower After Brexit Deal Vote Delayed
The British Pound may gap lower at the beginning of this week’s trading session after the UK Parliament voted to delay a definitive vote on Prime Minister Boris Johnson’s Brexit deal.
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Where To With Recession Fears, Trade Wars and Brexit In the Headlines?
Risk trends have held up well this past week despite a constant battering from recession fears and the growing concerns that trade war traction is slipping. With Brexit headlines over the weekend s...
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Dow Jones, Nasdaq 100 and DAX 30 Forecasts for the Week Ahead
The Dow Jones and Nasdaq 100 will await key earnings from some of the world’s largest manufacturers and tech companies while the DAX grapples with freshly-imposed tariffs.
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Saturday, 19 October 2019
Gold Weekly Outlook: Trade War Fears Battle US Dollar Weakness
Gold remains stuck in a range as a range of conflicting forces battle and fail to take control of price action.
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US Dollar Outlook Mired by Growing Bets for October Fed Rate Cut
Data prints coming out of the US economy may continue to drag on the Dollar as fears of a looming recession boosts bets for another Fed rate cut.
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Crude Oil Price Outlook: Trade War Pains May Prompt Selloff
Crude oil prices may encounter significant selling pressure if China retaliates against the US and pushes back trade war talks after the House passed a controversial bill over the Hong Kong protest...
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Friday, 18 October 2019
Australian Dollar Could Wilt if Brexit Delayed, Growth Risks Hang
The Australian Dollar could reverse gains if Brexit is forced to be delayed. Global growth slowdown woes and other fundamental risks may also undermine AUD/USD upside progress.
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US Dollar Price Volatility Report & Trading Ranges for Next Week
Check out these options-implied trading ranges for major USD pairs ahead of next week with the release of US Durable Goods data, an ECB rate decision and looming trade war headlines.
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Interest Rate Cut Odds Drop for BOC, ECB, and RBA - Central Bank Watch
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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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...