The Canadian Dollar (CAD) seems at risk since the Bank of Canada (BOC) softened up language in its latest monetary policy update and could open up the door to the central bank's first rate cut sinc...
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Thursday, 7 November 2019
Euro Forecast: EUR/USD Reversal Gathers Pace; EUR/JPY Maintains Flag
EUR/USD has been under renewed pressure in recent days, while EUR/JPY has continued to hold within its sideways consolidation from mid-October.
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USD Price Outlook: US Dollar Back to Resistance, GBP/USD Dips on BoE
The US Dollar is putting in another test at the 98.00 level, and that short-term resistance doesn't appear as though it'll hold for much longer.
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Dovish BoE Sends GBP/USD Lower, 2 Voters Call for Rate Cuts
GBP/USD drops on dovish BoE with 2 voters calling for a rate cut.
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Canadian Dollar Forecast: USD/CAD Price Remains Vulnerable
USD/CAD is finding it hard to break back above the 1.3200 area and short-term trading is now confined between the 20- and 50-day moving averages.
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Brexit Briefing: GBP/USD Muted on Rocky Start to UK Election Campaign
Yesterday saw parliament dissolved, which in turn, officially marked the beginning of the general election campaign.
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Euro Price Outlook: EUR/USD May Fall on EU Commission Forecast
The Euro may suffer against its UD Dollar counterpart if the European Commission’s economic forecasts cast a dark cloud over the Eurozone’s economic growth trajectory.
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Wednesday, 6 November 2019
Gold Prices to Look Past BoE Rate Call to China Trade Data
Gold prices remain supported by the prospect of delay in the signing of a US-China trade accord. They may not have much to look forward to in the UK central bank’s November policy call.
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British Pound Forecast: GBP/USD, EUR/GBP Eye BoE, UK Election
The British Pound will be bracing for the Bank of England rate decision and subsequent press briefing as the campaign season kicks off with Brexit uncertainty looming.
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Brazillian Real Sinks as Oil Rights Flop Flags Trade War Pain
Brazil held what was mean to be a transformative auction of offshore crude oil drilling rights this week. It fell flat. The global trade war may be to blame.
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Japanese Yen Outlook: Did the BoJ Just Admit Policy Failure?
How will the Japanese Yen respond as the Bank of Japan appears to begin walking back from years of assuring the markets that ‘powerful monetary easing’ would be enough to stoke inflation?
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Canadian Dollar, Crude Oil Prices Sank. USD/CAD Uptrend May Extend
The Canadian Dollar sank with crude oil prices and the USD/CAD uptrend prolonged as expected. Ahead, the anti-risk Japanese Yen may gain at the expense of the Australian Dollar.
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Nasdaq 100 Forecast: Are Investors Apprehensive About Big-Tech?
US stocks have pushed to record levels, but low trading volume suggests the recent rally has lacked the serious conviction that could be required to establish long-lasting gains.
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USD/CAD Forecast: Will the Bank of Canada (BOC) Capitulate?
The Canadian Dollar (CAD) seems at risk since the Bank of Canada (BOC) softened up language in its latest monetary policy update and could open up the door to the central bank's first rate cut sinc...
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US Dollar Forecast: DXY Index Hits Critical Resistance - Levels for USD/JPY
The US Dollar has been trading sideways for a few weeks, but there is growing evidence that traders are becoming less concerned about the Federal Reserve’s interest rate cut cycle.
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Sterling Price Outlook: British Pound Breakout Stalls-GBP/USD Levels
Sterling is on the defensive ahead of the BoE decision with British Pound holding a three-week price range. Here are the levels that matter on the GBP/USD weekly chart.
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Stock Market Outlook Weakens After US-China Meeting Delayed
Stocks slumped after it was announced the trade meeting between Presidents Trump and Xi would be delayed until December, creating concern that a deal is even possible.
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USD/CNH Above 7.0, Gold Pops on US-China Trade Deal Delay
USD/CNH spiked back above the taboo 7.0000 price level while gold prices jumped and equities slid in response to reports that the phase one US-China trade agreement could be breaking down.
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US Recession Watch, November 2019 - Recession Odds Shrink on US-China Trade War Talks
There is less than a 30% chance of a recession hitting the United States within the next 12-months, according to the NY Fed Recession Probability Indicator.
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Euro Price Outlook: EUR/USD Slumps into Range Support– Trade Levels
Euro reversed off long-term slope resistance this week with price plummeting into initial support targets. Here are the levels that matter on the EUR/USD price charts.
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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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