Gold prices were pressured by news that the US might consider removing some China tariffs. This sent Asian stocks up in Wall Street's wake and fostered riskier bets.
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Monday, 4 November 2019
US Dollar ASEAN Outlook Bearish Amid Singapore, China, India PMI
The US Dollar may fall as Singapore, Indonesia, India and China data underpin the need for a US-China trade deal. USD ASEAN-based index fell under key rising support, losses ahead?
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Australian Dollar Ticks Down As RBA Leaves Rates On Hold, As Expected
The Australian Dollar market wasn't looking for a change in record-low borrowing costs this month and didn't get one. The Reserve Bank left the possibility of further reductions on the table though.
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Australian Dollar, ASX 200 at Key Chart Levels as RBA Sets Rates
The Australian Dollar and its home country’s benchmark ASX 200 stock index are at pivotal technical barriers as all eyes turn the RBA monetary policy announcement.
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Crude Oil Prices May Fall After OPEC World Outlook is Published
Crude oil prices may fall if the OPEC World Outlook forecasts weaker future demand as slower global growth weighs on the cycle-sensitive commodity.
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US Dollar Price Volatility Report: ISM Services PMI Eyed
USD price action shifts focus to the October ISM Services/Non-Manufacturing PMI report release due Tuesday at 14:00 GMT and forex traders' reaction to FOMC rate cut odds.
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USD/JPY and AUD/USD Soar as US Mulls Lifting Some Chinese Tariffs
The Japanese Yen fell and the Australian Dollar rose after reports crossed the wires that the US is mulling removing some tariffs against China, raising prospects of a trade deal.
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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.
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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.
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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?
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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.
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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...
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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'.
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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?
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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...
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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.
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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.
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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.
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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...