Tuesday, 22 October 2019

Euro Outlook: EUR/USD May Rise with Euro Stoxx 50, DAX Index

EUR/USD may rise with European stocks if Fed easing expectations are amplified by the increased urgency to inject liquidity amid rising geopolitical risks and slowing economic growth.

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Monday, 21 October 2019

Gold Prices Creep Down, US-China Trade Hopes Buoy Risk Appetite

The old binary risk game around global trade swung back to optimism in Asia.Gold slipped but crude oil prices failed to gain as the market still looks well-supplied.

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USD/CAD Rate Depreciation Brings 2019 Low in Focus

Recent price action brings the 2019-low (1.3016) on the radar for USD/CAD as the exchange rate extends the series of lower highs and lows from the previous week.

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Indian Rupee Will Struggle Along With India's Troubled Banking Sector

As China’s growth slows, the currency of the other Asian titan ought to be burnished as investors look elsewhere. However, that’ s not happening.

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NZD/USD Rate Forecast: September High on the Radar Despite Dovish RBNZ

NZD/USD appears to be on track to test the September-high (0.6451) amid growing speculation for another Federal Reserve rate cut.

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Yen May Fall as Australian Dollar Gains, AUD/JPY Breakout Prolongs

The Australian Dollar rose as the Japanese Yen sunk amid a combination of Brexit, US-China trade deal hopes. AUD/JPY looks to extend gains after a candlestick pattern breakout.

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US Dollar Price Volatility Report: Dovish Fed Bets Firm, Liquidity Up

The US Dollar has swooned over the last three weeks and now looks to stem the bleeding. Though firming FOMC rate cut expectations, rising USD liquidity and Brexit optimism could stymie a rebound at...

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Canadian Dollar Price Outlook: USD/CAD Nearing Confluent Support Zone

USD/CAD has put in a stark bearish trend over the past couple of weeks, and Canadian elections are currently taking place which can keep the CAD on the move.

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Brexit Latest: GBP/USD Tops 1.30 as Bercow Blocks Meaningful Vote (Again)

GBP/USD extends its advance after the UK government was forced to request another Brexit delay over the weekend while Speaker John Bercow just blocked MPs from another meaningful vote.

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Gold Price Outlook: Gold Prices Continue Congestion as USD Dives

Gold prices continue to meander despite the breakdown in the US Dollar. The bull flag formation remains with the very big question of 'when.'

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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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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...