Thursday, 24 October 2019

US-China Trade War Latest: VP Pence Speaks with Mixed Tone

US Vice President Mike Pence is giving a speech on trade relations with China and provides markets with Washington's latest commentary on outstanding issues like national security and human rights.

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USD/JPY Slides on Weak Durable Goods but Bounces on PMI Data

USDJPY gained after the release of US Markit Manufacturing data this morning following a weak US durable goods print

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Draghi's final meeting atop the ECB is now in the books, and focus shifts to a flurry of US data in the week ahead as the Q4 USD reversal remains in focus.

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ECB Announces Monetary Policy Decision, EUR/USD Unmoved

The Euro sees a muted response following the ECB monetary policy decision in which the central bank kept policy tools unchanged

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DAX Price Action Setup: ECB Volatility Muted, Eyes on US Data

DAX extends on gains to trade at highest level since mid-2018. ECB unlikely to provide notable volatility, therefore we look towards US PMI surveys.

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Brexit Latest: Sterling (GBP) Remains Firm Despite Ongoing Confusion

Brexit disarray continues as talk of a general election continues to swirl round the market with none of the major parties yet to take a firm stance.

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EUR/USD Price Outlook: ECB Meeting Now in Focus After Mixed PMIs

EUR/USD added 20 pips then gave them back after a mixed bag of PMIs with France outperforming, while Germany remains mired. Next up, President Mario Draghi's last ECB meeting and press conference.

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Euro Outlook: EUR/GBP, EUR/USD Eye ECB Rate Decision, Eurozone PMI

EUR/USD may fall if ECB commentary and Eurozone PMI data cause capital to flee the Euro and into the open arms of the US Dollar. EUR/GBP price moves may be tempered or exaggerated by Brexit.

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Wednesday, 23 October 2019

Gold Prices Hold Up As Markets Eye Fed, Oil Prices Pare Gains

All-too familiar concerns dogged the gold and oil markets in Asia, with the prospect of lower borrowing costs adding to reasons to hold the yellow metal.

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AUD/USD Rate Outlook Mired by Failure to Test September High

AUD/USD struggles to extend the bullish price action from last week, with the failed attempt to test the September-high (0.6895) bringing the monthly range on the radar.

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Palladium Vastly Outperformed Gold Prices in 2019. Is it Topping?

Palladium gains have been more than double that of gold in 2019 but global economic slowdown threatens to cool the rally. The chart setup is showing early warning signs.

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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.

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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.

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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.

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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.

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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...

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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.

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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.

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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.

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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).

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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...