Wednesday, 13 November 2019

AUD/USD Hit by China Data Miss, Downtend May Deepen

The Australian Dollar was already reeling from weak labor market figures when disappointing Chinese industrial production knocked it again.

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Australian Dollar Sinks, AUD/USD Downtrend in Focus on Jobs Miss

The AUD/USD sank after Australian unemployment unexpectedly rose, prolonging the Australian Dollar downtrend amid uncertainty about a US-China trade deal. Ahead, the Yen may rise.

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Gold Forecast: Are Spot Gold Prices (XAU) Set to Resume Rally?

The price of gold has slid roughly 6% from its 2019 peak down to its lowest level since early August, but is there potential for the precious metal to resume its rally and push XAU prices higher?

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Japanese Yen Outlook: USD/JPY Drive Higher Stalls at Resistance

Recent US Dollar strength has seen USD/JPY drive higher. Now, the pair is approaching the 200DMA and horizontal resistance which it will have to surmount before continuing higher.

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Dow Jones Outlook Muddied as Trade Talks Hit an Impasse

The Dow Jones gapped lower in mid-day trading after it was released that US and China trade talks have hit an impasse over agricultural purchases.

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US Dollar Forecast: DXY Index Rally Tracks Falling Fed Rate Cut Odds

With traders less concerned about the Federal Reserve’s interest rate cut cycle, the US Dollar has been able to gain ground against its major counterparts.

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Euro Price Outlook: EUR/USD Drops into Trend Support– Trade Levels

Euro marked the largest weekly loss since August last week with price now testing initial support targets. Here are the levels that matter on the EUR/USD price charts.

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NZD/USD Spikes on RBNZ Shock, GBP/USD Muted on Inflation Drop - US Market Open

NZD/USD is on course for its best day in over 9-months after RBNZ rate decision, while falling UK CPI is expected by the Bank of England.

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US Dollar Threatens Breakout: USD Ascending Triangle Ahead of Powell

November has brought a change-of-pace in the US Dollar, reversing 50% of the October sell-off. Can USD bulls push for more as the FOMC Chair is set to take the stage?

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USD/JPY & USD/CHF Oscillate on Mixed US CPI Data Ahead of Powell

Headline US inflation came in hotter than expected, though core CPI softened slightly. USD/JPY and USD/CHF are edging lower following the report while traders await remarks from Fed Chair Powell.

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Dow Jones, DAX, Oil Technical Analaysis & More

U.S. indices traversing record territory but extended like other indices such as the DAX, crude oil channel/bear-flag remain as key focus.

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Canadian Dollar Forecast: USD/CAD Price Running into Renewed Resistance

USD/CAD has continued its recent push higher and now nears resistance levels that may prove difficult to overcome in the short-term.

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British Pound May Fall if CPI Data Fuels BoE Rate Cut Bets

The British Pound may fall against its major counterparts if local CPI data falls below the expected numbers and further pressures BoE policymakers to cut lending rates amid Brexit turmoil.

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Tuesday, 12 November 2019

Gold Prices Up on US-China Trade Jitters, US CPI Unlikely to Hurt

Gold prices found support in US President Donald Trump’s latest inconclusive trade speech, while crude oil prices remain dogged by oversupply worries.

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US Dollar Forecast: USD/SEK May Spike on CPI, Powell Speech

The US Dollar may rise vs the Swedish Krona if Nordic price growth disappoints and further cools Riksbank rate hike expectations against the backdrop of US CPI and Powell’s testimony.

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EUR/USD Analysis: RSI Offers Bearish Signal Ahead of Powell Testimony

EUR/USD may continue to give back the rebound from the yearly-low (1.0879) as the Relative Strength Index (RSI) offers a bearish signal.

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US-China Trade Deal Optimism Leaves Hong Kong Stocks Behind

Stocks in Hong Kong have struggled to capitalize on hopes for a US-China trade deal amid violent clashes between protesters and police, but the trend still points upward.

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New Zealand Dollar Spikes as RBNZ Holds Rates, Guidance Now Key

The Reserve Bank of New Zealand left its Official Cash Rate on hold at a record low of 1%, defying expectations of another reduction.

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RBNZ Preview: 25bp Rate Cut and Dovish Guidance to Drag on NZD/USD

The RBNZ interest rate decision may fuel the recent decline in NZD/USD as the central bank is expected to cut the official cash rate to a fresh record low in November.

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Yen May Fall, USD/JPY Reversal Ahead After Trump Trade Talk?

The Japanese Yen rose, leaving USD/JPY more at risk to a reversal on ongoing uncertainties in US-China trade deal hopes and technical analysis. Ahead, the Australian Dollar may fall.

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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...