Caterpillar's Asia Warning Shows US-China Trade War Now Bites Deep

Macro data from around the world have long attested to the urgent need for a trade settlement between the US and China. Increasingly the corporate numbers are saying the same.

from DailyFX - Market News https://ift.tt/2JjxEy6
via IFTTT

Oil Price Breaks Out as US Crude Inventories Unexpectedly Contract

The price of oil breaks out of the range-bound price action from earlier this month amid an unexpected decline in US crude inventories.

from DailyFX - Market News https://ift.tt/2JhmqtX
via IFTTT

Euro, NOK, SEK Brace for Riksbank, ECB and Norges Bank Rate Moves

The Euro, Swedish Krona and Norwegian Krone may retrace some of their recent gains after the Norges Bank, Riksbank and ECB announce rate decisions and outlook on policy.

from DailyFX - Market News https://ift.tt/2WiWsvL
via IFTTT

Yen May Fall After Tesla Earnings Beat as USD/CAD Eyes 2019 Low

The Japanese Yen may fall ahead if Tesla’s earnings beat fuels risk appetite, boosting the Australian Dollar. Meanwhile, USD/CAD approaches 2019 lows amid gains in crude oil prices.

from DailyFX - Market News https://ift.tt/2pJgAuK
via IFTTT

US Dollar Price Volatility Report: Fed ‘Not QE’ Grows, ECB on Deck

The US Dollar selloff could resume with the Fed ramping up liquidity and the absence of fresh dovish action by Mario Draghi and the ECB. Also, US Durable Goods data on deck could propel Fed rate cu...

from DailyFX - Market News https://ift.tt/2JwAD6L
via IFTTT

S&P 500 Technical Analysis as Earnings Season Hits its Stride

The S&P 500 is in the depths of earnings season which has offered significant insight on the index’s constituents, but persistent resistance at 3000 has kept a lid on price gains.

from DailyFX - Market News https://ift.tt/32IOaPQ
via IFTTT

Euro Traders Beware: EUR Price Volatility & ECB Rate Decisions

ECB meetings typically propel volatility in the Euro. Here's how EURUSD, EURJPY, EURGBP, EURAUD, EURCAD & EURCHF have fluctuated historically and specifically around ECB rate decisions.

from DailyFX - Market News https://ift.tt/31zDCRW
via IFTTT

Gold, USD, USD/JPY Ahead of FOMC: Will the Fed Deliver Another Cut?

The Fed meets for the October rate decision next week and markets are primed for a cut. But the context with which that cut is framed remains very important.

from DailyFX - Market News https://ift.tt/2WbLxnw
via IFTTT

Euro Rally Hits Pause Ahead of Draghi's Final ECB Meeting

Rates markets don’t anticipate any action from the ECB in the first half of 2020, now pricing in the next rate cut coming in September 2020 (53% chance).

from DailyFX - Market News https://ift.tt/32HqCer
via IFTTT

US Dollar Price Outlook: USD Recovery Play – DXY Trade Levels

The US Dollar is on the counteroffensive after plummeting more than 2.5% off the yearly highs. Here are the levels that matter on the DXY weekly chart.

from DailyFX - Market News https://ift.tt/2BCALNG
via IFTTT

Geopolitics of Oil: Why Crude and Conflict Are So Closely Connected

Traders often turn to the oil market when looking for an asset to trade during a major political development, a change in the world economic outlook, a new trade dispute or armed conflict.

from DailyFX - Market News https://ift.tt/33TBCW5
via IFTTT

GBP/USD Volatility in Freefall, US Dollar Tests 200DMA - US Market Open

Yesterday saw UK PM Johnson reach a majority for the Withdrawal Agreement Bill, something his predecessor failed to do on three attempts.

from DailyFX - Market News https://ift.tt/2MCrb3o
via IFTTT

WTI Crude Oil Price Outlook: Bear Flag Runs into Resistance

Oil prices came into October riding an aggressive short-side trend into a key zone of support. Since then, digestion, but that may not remain for long.

from DailyFX - Market News https://ift.tt/363CFoz
via IFTTT

Gold Price Testing Support as Merging Trendlines Hint at a Breakout

Gold is currently stuck between two trends and as they merge a breakout from range becomes increasingly likely.

from DailyFX - Market News https://ift.tt/2W8AYBG
via IFTTT

Brexit Briefing: GBP Price Eases, October 31 Deadline to be Missed

The GBP/USD price is easing back after a rejection of Boris Johnson’s Brexit timetable means the Halloween deadline for the UK to leave the EU is now almost impossible to meet.

from DailyFX - Market News https://ift.tt/2W46TTw
via IFTTT

EUR/USD Price: Resistance Remains Firm Ahead of ECB Meeting, PMIs

EUR/USD is drifting lower ahead of Thursday’s ECB meeting after running into solid resistance at the 200-day moving average.

from DailyFX - Market News https://ift.tt/2P8TPe6
via IFTTT

British Pound Outlook: GBP Eyes BoE Testimony Amid Brexit Drama

The British Pound may continue to erase its recent gains if Bank of England Governor Mark Carney’s testimony to the House of Lords amplifies Brexit fears and pressure GBP crosses.

from DailyFX - Market News https://ift.tt/2BwTqud
via IFTTT

Crude Oil Prices Fade Despite OPEC-Cut Reports, US Stock Build Eyed

Crude oil prices were initially supported by news that traditional producers may consider more production cuts, but the bullish effect of this did not last very long.

from DailyFX - Market News https://ift.tt/2N43MHd
via IFTTT

Trump Policies Invite Inflation But Gold Prices May Fall Anyway

Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation.

from DailyFX - Market News https://ift.tt/32IKC08
via IFTTT

EUR/USD Rate Initiates Lower Highs and Lows Ahead of ECB Meeting

EUR/USD may stage a larger pullback ahead of the European Central Bank (ECB) meeting as the exchange rate carves a fresh series of lower highs and lows.

from DailyFX - Market News https://ift.tt/2qCq1fU
via IFTTT