Tuesday, 12 November 2019

Gold Price Remains Weak But May be Oversold - Technical Analysis

Gold trades either side of $1,450/oz. and may be looking at building a short-term base after its recent sharp sell-off with one indicator highlighting the oversold nature of the market.

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Brexit Briefing: GBP Outlook Improves on Election Boost for Conservatives

Nigel Farage’s Brexit Party has decided not to put up candidates in seats held by the ruling UK Conservative Party in a significant General Election boost for Prime Minister Boris Johnson.

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Euro Outlook: EUR/GBP Broke Congestive Zone. Selloff Ahead?

The Euro may fall vs the British Pound and accelerate EUR/GBP’s downside breakout if German ZEW data prompts a selloff amid deteriorating Eurozone growth prospects.

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Monday, 11 November 2019

Crude Oil Prices May Fall Anew if Trump Sours Trade War Cheer

Crude oil prices remain under the broad pressure of a well-supplied market but they managed small gains as investors hoped for US-China trade war clues from the President.

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EUR/NOK, GBP/SEK, GBP/NOK, USD/SEK Technical Analysis

This piece will analyze key technical developments in EUR/NOK, GBP/SEK, GBP/NOK and USD/SEK as each pair approaches key technical levels.

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New Zealand Dollar Slips As Inflation Expectations Fade

The New Zealand Dollar continued to slide as domestic inflation expectations did likewise. This release is regarded, rightly or wrongly, as being of key importance to rate setters.

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Palladium Prices Forecast to Fall After Chart Support Break

Palladium prices may keep falling after the largest two-day drop in three months pierced chart support. Soft autos turnover in China and rising US rates may be to blame.

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GBP/USD Price Aims for October High as NZD/USD Rate Soars

The British Pound rose with odds of a UK Conservative majority, GBP/USD could bounce to October highs. The New Zealand Dollar gained on bets that the RBNZ easing cycle could end.

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Stock Market Outlook: Record ETF Flows Highlight Robust Risk Appetite

Last week’s record-setting outflows from the TLT ETF suggests investors are growing comfortable with stocks at their current valuations – an encouraging sign for bulls.

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US Dollar Price Volatility Report: GBP/USD, NZD/USD, USD/JPY

The US Dollar edged lower to start the trading week owing largely to a sharp jump in GBP/USD and NZD/USD while USD/JPY dropped. Check out these USD implied trading ranges to watch this week.

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New Zealand Dollar Price Outlook: NZD/USD Reversal Halted–Kiwi Levels

An outside-weekly reversal off resistance last week is now threatening a low in Kiwi just above support. Here are the levels that matter on the NZD/USD weekly chart.

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Australian Dollar Outlook: AUD/USD, AUD/NZD Levels Ahead of RBNZ

The Australian Dollar has enjoyed a boost from a recent improvement in US-China trade tensions but could look to the neighboring RBNZ for early direction this week.

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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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Trading Forecast: Dollar Rally Conflicts with Dow’s on Trade Wars, Watch Euro, Pound and Kiwi Ahead

There was an unmistakable extension of the maligned risk appetite trend through this past week. The US-China trade war headlines will likely carry the speculative focus moving forward; but European...

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Brexit Latest: GBP/USD Surges as Nigel Farage Boosts Boris Johnson's Majority Odds

GBP/USD rallies as Nigel Farage raises likelihood that Boris Johnson can reach a majority in the 2019 general day.

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GBP/USD Price Little Moved After UK Q3 GDP Misses Expectations

Positive third quarter growth in the UK with the economy growing by 0.3% but missing market expectations of 0.4%. Sterling (GBP) edges lower.

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British Pound Price Forecast: GBP/USD, EUR/GBP Eye GDP Data

The British Pound may fall after a cascade of industrial reports and preliminary Q3 GDP data cross the wires and potentially fuel rate cut bets from the Bank of England amid Brexit uncertainty.

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Sunday, 10 November 2019

Gold Prices Supported By Hong Kong Unrest, Look to UK GDP

US-China trade hopes continue to cloud the overall backdrop for gold and other haven assets but renewed violence at protests in Hong Kong has seen demand tick up.

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NZD/USD Rate Vulnerable to Reserve Bank of New Zealand (RBNZ) Rate Cut

NZD/USD may continue to give back the rebound from the 2019-low (0.6204) as the Reserve Bank of New Zealand (RBNZ) is expected to deliver a 25bp rate cut in November.

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Weekly British Pound Forecast: UK GDP and Inflation Due; Tories, Johnson Lead Polls Ahead of General Election

Neither the Q3’19 UK GDP report nor the October UK inflation report (CPI) are likely to stir much confidence in the British Pound.

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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...