Tuesday, 29 October 2019

GBP/USD May Wobble Between Brexit Woes, US Consumer Confidence

GBP/USD may oscillate between the perils of Brexit and US consumer confidence data, though volatility may be tempered by traders withholding capital until the FOMC rate decision.

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Monday, 28 October 2019

Crude Oil Prices Slip Back as Market Looks Nervously to US Stockpiles

Commodity markets are generally in thrall to hopes for a US rate cut, and better news on the US-China trade front. Oil has more specific worries in mind, with inventories in focus.

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Gold Price Forecast: Bull Flag on Radar Ahead of Fed Rate Decision

Failure to test the monthly-low ($1459) may bring the topside targets on the radar for gold as a bull-flag formation continues to take shape.

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US Dollar May Rise on USD/INR Bullish Hint as India Credit Teeters

The US Dollar may rise against the Indian Rupee with the latter vulnerable to deteriorating local credit conditions. The USD/INR chart hints that a turn higher may be due ahead.

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Palladium Prices Jump to Record High But Signs of Trouble Brewing

Palladium prices jumped to a record high above the $1800/oz figure but technical cues warn of ebbing momentum even as fundamental headwinds gather.

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US-China Trade War Crushes FDI in Latest Sign of Real-World Hit

Growth-linked currencies have gained as investors hope for progress on the trade front as well as stimulus from the Fed.The global economy however remains depressed and seems likely to remain so.

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NZD/USD Rate Rebound Unravels Following Failed Test of September High

The recent rebound in NZD/USD unravels ahead of the September-high (0.6451), with the exchange rate carving a fresh series of lower highs and lows.

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US Dollar Outlook: USD/KRW Downtrend May Slow Ahead of FOMC

USD/KRW’s decline may soften if the US Dollar edges higher ahead of the FOMC rate decision against the backdrop of sour South Korean business survey data.

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GBP not off the Hook as Parliament Rejects Election, AUD May Gain

The British Pound is still at risk to falling after the UK Parliament rejected a call for an early general election. Ahead, the Japanese Yen may weaken as the Australian Dollar gains.

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Hong Kong Slips into Recession, but Fed Meeting Steals the Spotlight

The Hong Kong economy, the 31st largest in the world, slipped into a technical recession according to the city’s Financial Secretary aid, yet the development has been largely overshadowed by the Fed.

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US Dollar Price Volatility Report: GBP/USD, AUD/USD, USD/JPY Eyed

Ahead of the October Fed meeting, the US Dollar turns to the latest consumer confidence report and brings USD/JPY into focus while GBP/USD eyes Brexit and AUD/USD a speech from RBA's Lowe.

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Nasdaq 100 Outlook: Top Earnings to Watch in the Week Ahead

The Nasdaq will look to extend its rally with the help of earnings reports from Facebook, Apple and Google in the week ahead. Still, Wednesday’s Fed meeting could derail such an attempt.

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VIX: Stocks at Record High as Fed & Trade Dispel Recession Risk

The VIX Index took a nosedive below the 13.00 handle as stocks in the S&P 500 soared to fresh records ahead of another Fed rate cut as as President Trump jawboned risk assets higher with trade opti...

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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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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...