AUD/USD outperforms on easing trade uncertainty; however, key resistance is ahead. US Dollar tracks yields higher, while EUR/USD cracks below 1.1000.
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Tuesday, 5 November 2019
US Dollar Prices Continue Support Bounce: USD/CHF, GBP/USD, AUD/USD
The US Dollar has continued to bounce after last week's test of two-month-lows, but the data has yet to begin and this morning's services ISM report looms.
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EUR/USD Price Technical Outlook - Further Upside Remains Blocked
The recent EUR/USD rally off its multi-month low continues to struggle to push through a longer-dated technical indicator that has capped its upside for the last four months.
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Gold Price Outlook Breaking Down - Is Bullish Momentum About to Crack?
Gold is struggling to move higher as the supportive fundamental backdrop begins to reverse. The recent technical breakout is struggling to follow through and gold may drift lower in the short-term.
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VIX Record Short Signals Market Complacency, Raising Risks of a VIX Blowout
US equity markets rise to all-time highs amid easing trade tensions and rising central bank liquidity. However, record VIX shorts highlights market complacency.
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Brexit Briefing: GBP/USD Price Still Below 1.30, Commons Speaker Elected
The GBP/USD price remains below psychologically-important resistance at 1.30 as a new Speaker of the House of Commons is elected to steer the Westminster Parliament through future Brexit debates.
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Monday, 4 November 2019
Euro Price Chart: EUR/USD Uptrend on Verge of Collapse
EUR/USD is now coming closer to breaking below a key uptrend which could precede a selloff. Industrial data from the US may catalyze or stave off the break.
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Gold Prices Slip as US-China Trade War Hope Saps Haven Demand
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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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....