Crude oil prices, the Swedish Krona and the petroleum-linked Norwegian Krone may convulse ahead of a data-packed week against backdrop of the Riksbank minutes and key EU economic forecasts.
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Sunday, 3 November 2019
Gold Price Forecast: Bull Flag Takes Shape as RSI Breaks Out
A bull-flag formation continues to take shape as the price of gold attempts to break out of a narrow range, with the RSI highlighting a similar dynamic.
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US Dollar, Yen Sank as S&P 500 Hit Record. AUD 2018 Trend Line Eyed
The anti-risk US Dollar and Japanese Yen fell as China PMI, US jobs data and trade deal hopes pushed the S&P 500 to another record. The AUD/USD downtrend may be overturned.
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Weekly Gold Price Forecast: Bullish Outlook Improves as Fed Eliminates Rate Hike Potential
With G10 currencies’ central banks continuing to slash interest rates amid weak global growth conditions, gold prices have a strong fundamental base.
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Has the S&P 500’s Forecast Recharged Risk Appetite Across the Financial System?
here were a few fundamental highlights this past week such as the news that the US and China may have reached an agreement in principle for its Phase One deal. Yet, that silver lining was the excep...
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Dow Jones and FTSE 100 Forecast for the Week Ahead
Dow Jones looks to an all-time high. However, focus is on ISM Non-Manufacturing survey, while FTSE 100 fails to extend gains.
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Saturday, 2 November 2019
GBP/USD Rate Recovery to Persist If BoE Alters Forward Guidance
Fresh updates from the Bank of England (BoE) may fuel the recovery in GBP/USD if the central bank alters the forward guidance for monetary policy.
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US Dollar (USD) Outlook Remains Focussed on US-China Trade War
The next 25 basis point US rate cut is not fully priced in until mid-2020. And that won’t please President Trump who wants further rate cuts now.
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Crude Oil Prices May Fall on OPEC Outlook Despite Fresh Iran Risks
Crude oil prices may suffer after OPEC publishes its World Oil Outlook against the backdrop of shaky US-China trade talks. Will renewed Iran risks be able to thwart a selloff?
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Friday, 1 November 2019
AUD Could Make Further Gains If RBA, US-China Trade News Permit
The Australian Dollar rose to three-month highs as October bowed out, boosted by hopes for more monetary stimulus. Trade worries dragged it back but may yet be overcome.
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US Dollar Outlook: Implied Volatility & Trading Ranges for Next Week
Check out the latest US Dollar options-implied trading ranges on major USD currency pairs with ISM Services PMI, initial jobless claims, consumer credit and sentiment data due for release next week.
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Stock Market November Forecast: History Suggests Volatility is Overdue
A distinct lack of volatility last month, typically the most volatile month on the calendar, could see November attempt to compensate as stocks trade at record levels.
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Canadian Dollar Outlook: USD/CAD Slams into Resistance- Loonie Levels
The Canadian Dollar is on the defensive into open of November trade with USD/CAD driving into downtrend resistance. Here are the levels that matter on the Loonie charts.
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Rate Cut Odds Shift After Fed, BOC, BOJ Meetings - Central Bank Watch
The Federal Reserve delivered its rate cut, and while hinting at a pause in the cut cycle, Fed Chair Powell made clear no rate hikes are coming any time soon.
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US Dollar Gives Back NFP Gains After ISM Manufacturing PMI Miss
The US Dollar pivoted back to session lows and erased all earlier NFP-related gains following the October ISM Manufacturing PMI report that missed expectations.
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US Dollar Bounces on NFP: EUR/USD, GBP/USD, USD/JPY
A weak US Dollar caught a bounce after the release of Non-Farm Payrolls but sellers came right back into the mix to take advantage of that run.
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US Dollar Rises on Strong NFP Report
US Nonfarm Payrolls rose by 128k in October, above expectations of 89k.
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Brexit Latest: GBPUSD Stair Stepping Higher as PM Johnson Enjoys GE Poll Boost
Sterling continues to move higher with GBPUSD making five consecutive bullish candles this week (so far). PM Johnson received a fillip Thursday with General Election polls showing the Conservative ...
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US Dollar May Extend Decline on Key Jobs Reports, PMI Data
The US Dollar may continue to fall against its major counterparts if nonfarm payrolls data and PMI reports miss estimates and Fed rate cut bets push the Greenback lower.
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Thursday, 31 October 2019
Gold Prices Set For More Gains, Watch US-China Trade, UK Campaign
Both gold prices and crude oil prices are hostage to headlines from the two biggest market stories- the US-China Trade War and Brexit- and likely to remain so.
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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...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...