Monday, 4 November 2019

Australian Dollar (AUD): RBA Meeting Preview & Aussie Outlook

The Australian Dollar comes into focus with another RBA decision due Tuesday at 2:30 GMT which follows the central bank's previous decision to cut rates by 0.25% last month and third time this year.

from DailyFX - Market News https://ift.tt/34u7dhl
via IFTTT

Gold Holds Resistance as Bulls Persist, but Can They Break Through?

The US Dollar remains relatively weak after last week's FOMC/NFP outlays. But Gold prices have yet to break out, holding resistance at a key area on the chart.

from DailyFX - Market News https://ift.tt/2Ng11nt
via IFTTT

US Dollar Technical Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar has grasped on to support at two-month-lows after last week's FOMC and NFP outlays. Can USD bears break-through?

from DailyFX - Market News https://ift.tt/36vTlVN
via IFTTT

EUR/USD Awaits ECB Lagarde's First Speech, US Signal No Auto-Tariffs - US Market Open

Global equities rise amid a reduction in trade war uncertainty after the US signal progress with China and suggest auto-tariffs may not be needed.

from DailyFX - Market News https://ift.tt/33gOJ3L
via IFTTT

Has the S&P 500’s Forecast Recharged Risk Appetite Across the Financial System?

There 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 exce...

from DailyFX - Market News https://ift.tt/32hmikS
via IFTTT

Sterling (GBP) Bid Remains as General Election Campaigning, BoE Nears

Sterling remains better bid as the week opens ahead of the start of the General Election campaigning on Wednesday and BoE 'Super Thursday'.

from DailyFX - Market News https://ift.tt/2NIluAe
via IFTTT

Sunday, 3 November 2019

Euro May Hold Up vs US Dollar Despite Worrying Technical Cues

EUR/USD may be able to hold onto its uptrend despite negative RSI divergence hinting that upside momentum is fading. Will fundamental factors work in the pair’s favor?

from DailyFX - Market News https://ift.tt/2C8xztf
via IFTTT

Crude Oil Prices See Some Profir Taking As US, European Data Approach

Crude oil prices rose sharply after stronger-than-expected US labor data and on enduring trade deal hopes. Now manufacturing data are nervously awaited, as are the new ECB President’s first words i...

from DailyFX - Market News https://ift.tt/33f6IYv
via IFTTT

EUR/USD Correction Remains in Focus Ahead of ISM Non-Manufacturing

EUR/USD trades near the October-high (1.1180) ahead of the ISM Non-Manufacturing survey, with the Dollar susceptible to the weakness in business sentiment.

from DailyFX - Market News https://ift.tt/2NHzvy6
via IFTTT

US Dollar Outlook: SGD, PHP, IDR, MYR May Gain on Capital Inflows

The US Dollar may continue weakening against the SGD, PHP, IDR and MYR as long as US-China trade deal hopes keep rising, fueling capital flows into emerging market assets.

from DailyFX - Market News https://ift.tt/2pDFNqG
via IFTTT

Crude Oil Prices, NOK, SEK Brace for Data Cascade, OPEC Outlook

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.

from DailyFX - Market News https://ift.tt/34xRLRD
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2PIBxAU
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2CeuibH
via IFTTT

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.

from DailyFX - Market News https://ift.tt/33bs0WJ
via IFTTT

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...

from DailyFX - Market News https://ift.tt/32dkpFM
via IFTTT

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.

from DailyFX - Market News https://ift.tt/33chEpK
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2C5w0Mz
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2qel902
via IFTTT

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?

from DailyFX - Market News https://ift.tt/2JIy55l
via IFTTT

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.

from DailyFX - Market News https://ift.tt/36zs2dk
via IFTTT

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...