Monday, 21 October 2019

GBP/USD Volatility to Persist, USD/CAD Tests Crucial Support - US Market Open

Sterling recovered from its initial dip to break above the 1.30 handle for the first time since May. Canadian Dollar firms on election day.

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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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USD/CAD Price Outlook Dependent on General Election Outcome

USD/CAD has weakened in the lead up to the general election with the Liberal and Conservative parties currently neck and neck in polling.

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Ongoing Brexit Confussion Leaves GBP/USD Price Unfazed

This weekend’s proposed vote on PM Johnson’s deal was pulled after an amendment to the WA was voted through by Parliament. PM Johnson goes back to Parliament today unsure of what lies ahead.

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Canadian Dollar Price Chart: USD/CAD May Rise on Federal Election

The Canadian Dollar may suffer after the results of the Canadian federal election are released if incumbent Justin Trudeau secures a second-term. Why may markets welcome his opponent more?

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Sunday, 20 October 2019

Gold Prices Supported By Brexit Turmoil, US-China Trade Uncertainty

Gold prices were steady while oil prices slipped. Risk appetite was underpinned by ongoing Brexit purgatory while supply worries added to oil bulls’ woes.

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EUR/USD Recovery at Risk as RSI Fails to Push into Overbought Zone

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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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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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...