Friday, 8 November 2019

Dollar & Yen Technical Analysis – Charts for Next Week

In today's session, we discussed a few set-ups heading into next week that could bear some fruit; a couple of USD and JPY pairs worthy of attention.

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GBP/USD Price Outlook Driven Lower by Latest US Treasury Yield Surge

The interest rate differential between US and UK government bond yields continues to weigh on GBP/USD and is helping to push the pair towards recent support levels.

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Bitcoin (BTC) Price Forecast: Looking to Fill the Gap

The daily Bitcoin chart shows a range of technical indicators at play with BTC likely to re-test lower levels in the days ahead.

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Euro Outlook: EUR/USD Turns to US Data After Ugly EU Forecast

EUR/USD may fall if US confidence data underscores a resilient optimism in the consumer and leads capital to flow in the Greenback on the back of improving fundamentals.

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Thursday, 7 November 2019

US Dollar Attracts Investors as Global Market Mood Improves

The US Dollar enjoyed support from haven demand through most of 2019. Investors may now be attracted by its yield advantage as global market mood improves.

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Crude Oil Prices Wilt, Focus to Stay on US-China Trade News

Crude oil prices celebrated the prospect of concerted tariff rollback but doubts about the US position have crept back in. Expect this story to dominate into the weekend.

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Australian Dollar Gains on China Trade Data May Not Hold

The Australian Dollar rose as China reported better-than-expected import and export data but uncertainly about the Sino-US trade deal may cap upside potential.

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EUR/USD Losses to Persist Amid Shift in Federal Reserve Rhetoric

EUR/USD may continue to give back the advance from the yearly-low (1.0879) as a growing number of Fed officials tame speculation for another rate cut in 2019.

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GBP/USD Price at Turning Point, Trade Uncertainty to Boost Yen?

The British Pound sits at a potential turning point versus the US Dollar after the BoE. The anti-risk Japanese Yen may recover losses as developments jawboned US-China trade hopes.

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US Dollar Price Volatility Report: USD/JPY, AUD/USD, USD/CAD

USD/JPY, USD/CAD and AUD/USD price action comes into focus for Friday's trading session with US consumer sentiment data, a Canadian jobs report and US-China trade headlines expected to stir volatil...

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Bitcoin Forecast: USD/CNH Decline May Fuel BTC/USD Bears

A substantial improvement in US-China trade relations could have an adverse impact on Bitcoin as USD/CNH falls under pressure.

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USD/CAD Following BOC Rate Odds; NZD/USD Awaits RBNZ Rate Cut - Central Bank Watch

Elsewhere, rate cut odds for the Reserve Bank of Australia have dropped, giving AUD/USD room to trade higher in recent weeks.

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Gold Plunges on US-China Trade Headlines; Trump Tariff Delay

Headlines crossing the wires on US-China trade talks are pushing risk appetite further as a US Official says the US has agreed to roll back tariffs. Gold breaks below the 1464.00 mark and USDCNH si...

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CAD: Canadian Dollar Forecast – Will the BOC Capitulate & Cut?

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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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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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...