Tuesday, 29 October 2019

FOMC Rate Decision: US Dollar Vulnerable Around Fed Meetings

Fed meetings tend to cause above-average volatility in the US Dollar. Here's how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions.

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BRL, USD Brace for BCB, FOMC Rate Decisions Amid Trade War Perils

The US Dollar may rise vs the Brazilian Real and emerging market FX if the post-FOMC rate decision press briefing spooks markets and puts a premium on liquidity over returns.

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Australian Dollar Finds Support As 3Q CPI Data Match Expectations

The Australian Dollar had wilted into this important release, suggesting that some in the market were looking for more weakness. In the end inflation was as expected, still below target.

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US Dollar May Rise if FOMC, US GDP Data Spooks Equity Markets

The US Dollar may rise at the expense of equity markets if US GDP data and gloomy FOMC commentary undermine confidence in global growth prospects.

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US Dollar Price Volatility Report: Fed & Q3 GDP on Deck

The US Dollar will be in focus during Wednesday's trading session which is far from lacking in scheduled event risk with the latest FOMC rate decision, Q3 US GDP report and more on deck.

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Canadian Dollar May Fall on USD/CAD Reversal Cues, Trade War Fears

The Canadian Dollar may weaken on US economic slowdown spillover fears following soft housing and consumer confidence data. The Japanese Yen may gain on US-China trade war woes.

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FOMC Rate Decision: US Dollar Vulnerable Around Fed Meetings

Fed meetings tend to cause above-average volatility in the US Dollar. Here's how EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD and USD/CHF typically respond to FOMC rate decisions.

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Crude Oil Price Outlook Looks Bearish at Resistance Ahead of FOMC

The price of crude oil may fall under pressure in the coming days as the market dissects the Fed’s October rate decision and in turn, the demand outlook for the commodity.

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SPX Drops on Trade War Headlines

The S&P 500 drops on trade war uncertainty as Reuters reports that the US and China may not sign phase one of the trade agreement at Chile's APEC summit as previously expected

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Canadian Dollar Outlook: USD/CAD Plummets into Support- Loonie Stall?

The Canadian Dollar offensive has stalled with a three-week breakdown taking price into initial support. Here are the levels that matter on the USD/CAD weekly charts.

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US Dollar Drops on Consumer Confidence Miss Ahead of FOMC

USD price action came under pressure following a disappointing Consumer Confidence report for October which sent the US Dollar Index to session lows.

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GBP/USD Muted, USD/JPY Rejects 200DMA, EUR/CAD Tests 7-Year Trendline - US Market Open

The UK look to be heading towards a December general election. Canadian Dollar tracks oil prices lower, while Japanese Yen rejects 200DMA.

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Gold Price Outlook: Bull Flag Tested, Can Gold Bulls Break Through?

Gold prices remain in a bull flag formation and last week's resistance test has seen a hold of October highs. Will Gold bulls re-take control around FOMC?

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EUR/USD Biased Lower as High Importance Data and Events Near

The Eurozone economic calendar is packed full of market moving data in the second half of the week, and with the Euro already struggling, further falls in the single currency may well be on the cards.

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Canadian Dollar Outlook: USD/CAD Testing Support as Rate Decisions Loom

USD/CAD continues to move lower and is nearing multi-month support. Wednesday’s FOMC and BoC interest rate decisions - and rhetoric - may be the catalyst for the next leg lower.

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Brexit Briefing: GBP/USD Eyes Today's Vote for Early Election

GBP/USD calm as Boris Johnson looks to try force an early election again in today's vote.

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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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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...