Monday, 28 October 2019

Bollinger Band Signals: Gold, GBP/USD, USD/CAD & Dow

Trading with Bollinger Bands can offer useful insight on market price action considering the technical indicator's simplicity and unique characteristics.

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Rate Cuts Due from the Fed and BOJ, BOC Cut Odds Plummet - Central Bank Watch

Both the Federal Reserve and Bank of Japan are expected to cut rates when they meet next week.

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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY

It's a big week for the US Dollar and a number of drivers on this week's economic calendar can prod volatility in either direction.

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GBP/USD Eyes Early Election Vote, S&P 500 at Record High on Trade War Latest - US Market Open

Tentative trade in FX markets with major pairs holding relatively tight ranges ahead of this week’s key risk events. GBP/USD looks to general early election vote.

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Dollar, Pound, Dow – Prepare for Volatility with FOMC, GDP, More

Though there was some moderate lift in risk-leaning assets and even a few technical milestones marked this past week, the markets have not yet committed to a clear direction nor even shift in momen...

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Gold Price Forecast - Chart Breakout Suggest Higher Prices Ahead

Gold broke out of its technical range on Friday and may well look to push further ahead. Traders should be wary of a slew of high importance US data releases out this week that may stifle the curre...

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British Pound Braces for Brexit Turmoil. General Election Ahead?

The British Pound may suffer if UK lawmakers continue to flounder on a possible path forward for Brexit as the October 31 deadline looms. Will there be an election?

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Sunday, 27 October 2019

Gold Prices Steady Despite US-China Trade Hopes as Market Eyes Fed

Gold prices generally wilt when risk appetite is seen gravitating toward riskier assets but the prospect of lower US rates underpinned the metal.

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USD/CAD Rate Depreciation Stalls Ahead of BoC and Fed Rate Decisions

The decline in USD/CAD appears to have stalled, but the Canadian Dollar may continue to outperform its US counterpart as the Fed is expected to deliver another rate cut.

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US Dollar May Gain vs SGD, MYR, PHP on Trade Wars, Fed, GDP Data

The US Dollar may rise versus the Singapore Dollar, Malaysian Ringgit and Philippine Peso. US-China trade war woes, Fed, GDP and APAC manufacturing data leave room for risk aversion.

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AUD/USD Forecast: RSI Offers Bearish Signal Ahead of Australia CPI

AUD/USD may continue to give back the advance from the 2019-low (0.6671) as the Relative Strength Index (RSI) offers a bearish signal.

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US Dollar May Rise vs NOK and SEK on FOMC, Q3 Earnings, GDP Data

The US Dollar may rise against the Swedish Krona and Norwegian Krone if the FOMC rate decision, Q3 earnings, GDP data and Brexit boost the appeal of anti-risk assets.

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Japanese Yen May Fall as US Dollar Sets Up to Overturn Downtrend

The anti-risk Japanese Yen may see slight weakness early into the week as the US Dollar sets itself up to reverse the near-term downtrend. Will APAC stocks follow Wall Street higher?

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Weekly US Dollar Forecast: October Fed Meeting, September US Jobs Report in Focus

Rates markets are discounting a 90% chance of a 25-bps rate cut this week at the October Fed meeting. Meanwhile, the September US jobs report looks like it will be weak.

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Dollar, Pound, Dow – Prepare for Volatility with FOMC, GDP, More

Though there was some moderate lift in risk-leaning assets and even a few technical milestones marked this past week, the markets have not yet committed to a clear direction nor even shift in momen...

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Dow Jones and FTSE 100 Forecast for the Week Ahead

FTSE 100 posts the strongest weekly rise in 9-months as Pound drops on election risks, while Dow Jones looks to corporate earnings, NFP and Fed decision.

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Saturday, 26 October 2019

Sterling (GBP) Weekly Outlook Under Pressure From Brexit and Parliament

Sterling is flagging going into the weekend and may struggle to recover as the shambles otherwise known as Brexit continues to weigh on the British Pound.

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Gold Price Outlook Hinges on Fed Rate Decision and Forward Guidance

The Federal Reserve interest rate decision is likely to influence the price of gold as the central bank is widely expected to deliver another rate cut in October.

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Crude Oil Price Outlook Bearish on OPEC Output, Fed, US-China Trade

The crude oil price outlook is bearish as the Fed rate decision, US-China trade tensions and Brexit uncertainty risk overpowering upside pressure from the next OPEC production report.

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Friday, 25 October 2019

Australian Dollar Market Will Be Fed Focused, But Watch Aussie CPI

A livelier week is in prospect for the Australian Dollar with one or two fascinating domestic data points in prospect before we get to the main event.

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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...