Thursday, 31 October 2019

EUR/USD Outlook: Eurozone GDP and Inflation Beat Lowly Expectations

Slightly better-than-expected Eurozone inflation and growth data gave EUR/USD a small boost Thursday putting technical resistance under pressure.

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Euro Outlook: EUR/USD May Reverse Gains on Eurozone GDP, CPI Data

EUR/USD may reverse some of its recent gains against the US Dollar if Eurozone CPI and GDP data leads to capital outflow from the Euro.

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Wednesday, 30 October 2019

Crude Oil Prices Gain as Weak China Data Burnish Stimulus Hopes

Crude oil pices rose despite evidence of renewed weakness in China's manufacturing sector. Gold prices gained even as the Fed signaled a pause in interest rate cuts.

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US Dollar Response to Fed Rate Decision, Explained

The US Dollar might have been expected to rise as the Federal Reserve signaled a pause in its interest rate cut cycle. It plunged instead. Why?

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EUR/USD Eyes August-High Again as Fed Pledges to “Respond Accordingly”

EUR/USD appears to be making another attempt to test the August-high (1.1250) as the Fed Chairman Jerome Powell pledges to “respond accordingly” to the economic outlook.

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Australian Dollar Capped As China Manufacturing PMI Misses Forecasts

The Australian Dollar made gains after US borrowing costs fell but these were halted by news that China's manufacturing sector remains mired.

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USD/KRW Looks to Samsung Earnings, PCE Data After FOMC Decision

USD/KRW will be bracing for Samsung Q3 earnings and US PCE data following the FOMC rate decision and critical commentary from Fed Chairman Jerome Powell.

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Canadian Dollar and US Dollar Fall on BoC and Fed Rate Cut Bets

The Canadian Dollar tumbled as the BoC fueled rate cut bets as Fed Chair Jerome Powell eventually sent the US Dollar lower. AUD/USD faces another test of resistance from 2018.

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US Dollar Price Volatility Report: Core PCE & NFP Data on Deck

Forex traders turn to upcoming core PCE data due Thursday and a nonfarm payrolls report slated for release Friday for clues on where the US Dollar might head next following the latest FOMC rate cut.

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Dow Jones, Nasdaq 100, S&P 500 Forecasts Following the Fed's Rate Cut

Markets were on edge ahead of Wednesday’s Fed meeting where the bank cut rates by 25-basis points, but Chairman Powell’s subsequent commentary may have laid the foundation for new heights.

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Post-Fed USD Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

Today brought the Fed's third rate cut for this year, and questions abound about what the bank might do at their final rate decision of 2019 in December.

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US Dollar Climbs After FOMC Cuts Rates but Firms Language

The Federal Reserve delivered its third consecutive 0.25% interest rate cut as widely expected, but firmer language found in the October FOMC press statement is pushing the US Dollar higher.

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FOMC Rate Decision: US Dollar Vulnerable Around Fed Meeting

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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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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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...