Wednesday, 30 October 2019

Australian Dollar Outlook: Aussie Turn or Burn? AUD/USD Trade Levels

The Australian Dollar surged into critical trend resistance again this week with the FOMC & NFP on tap. Here are the levels that matter on the AUD/USD weekly charts.

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Canadian Dollar Price Outlook: BoC Holds, USD/CAD Rallies

Today's Bank of Canada rate decision saw the BoC hold rates steady as widely expected, but highlighted weaker expectations for growth. Focus now shifts to the Fed.

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US Dollar Rises Ahead of Fed, South African Rand Crashes, CAD Eyes BoC - US Market Open

US Dollar rises on Q3 GDP beat, while South African Rand posts largest drop this year. Canadian Dollar looks to BoC.

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Pre-FOMC Preview: Gold, GBP/USD and USD/JPY

Today brings the FOMC for another widely-expected rate cut. But what will Powell say about the Fed's stance in the coming quarters?

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US Dollar Outlook: US Q3 GDP Starter Before FOMC Main Course

The US dollar may be in for a bumpy ride later in the today’s session with the first look at US Q3 GDP ahead of the latest FOMC rate decision.

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Canadian Dollar Price Outlook: USD/CAD Volatility Soars on BoC and Fed Risk

BoC is expected to stand pat on interest rates and keep its neutral stance in light of resilient data. Focus is on the Fed’s outlook for greater USD/CAD volatility.

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Brexit Latest: Sterling (GBP) Untroubled by General Election Fears, FOMC Ahead

Sterling remains near highs last seen five-months ago against a range of currencies as traders bet that UK PM Boris Johnson will win the December 12 General Election.

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Japanese Yen to Rise if the Fed Disappoints Dovish Market Hopes

The Japanese Yen may build on its nearly two-year uptrend if Fed guidance falls short of the markets’ ultra-dovish hopes for upcoming US monetary policy.

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EUR/USD Downtrend May Accelerate Ahead of Critical Economic Data

The Euro’s decline may accelerate if key regional data reinforces concerns about the Eurozone’s growth prospects against the backdrop of the FOMC rate decision.

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Tuesday, 29 October 2019

Gold Prices Up Despite Fed Rate Cut Forecasts as Trade Hopes Take Hit

Commodities markets are like all others looking to the Federal Reserve’s monetary policy decision but the US-Chin a trade story is never far away.

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USD/JPY Bullish, NZD/USD Bearish Contrarian Outlook Ahead of Fed

The Japanese Yen and New Zealand Dollar may weaken against the US Dollar on IG Client Sentiment forecasts ahead of the Federal Reserve’s highly-anticipated interest rate cut.

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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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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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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...