The Japanese Yen rose while the Australian and New Zealand Dollars fell on US-China trade deal concerns. Ahead, the Canadian Dollar may fall on a speech from BoC Governor Stephen Poloz.
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Thursday, 14 November 2019
US Dollar Price Volatility Report: USD/JPY Eyes Retail Sales Data
The US Dollar Index has fluctuated in a tight trading range throughout the week, but will Friday's retail sales report provide forex traders with the necessary conviction for USD price action to br...
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Powell, Fed Officials Highlight US Economy, Debt & Repo Strains
A litany of FOMC speakers took to the podium today led by Fed Chair Powell who spoke before congress for the second day. Highlighted was the strain in repo markets and unsustainable debt levels.
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Top Retail Stocks to Watch Ahead of Black Friday
Black Friday is ahead, and it brings with it a great deal of insight on consumer spending, as well as unique trading setups.
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Gold Price Outlook: XAU/USD Defends Critical Support- GLD Targets
Gold prices reversed off key support with the rally now eyeing the first resistance target at fresh weekly highs. Here are the levels that matter on the XAU/USD charts.
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USD/MXN: Mexican Peso Plunging into Banxico Rate Decision
The Mexican Peso could continue to come under pressure amid technical weakness and the prospect of another Banxico rate cut expected to be delivered Thursday at 19:00 GMT.
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USD/CAD Jumps with BOC Rate Odds; AUD/USD Hit as RBA Cut Odds Rise - Central Bank Watch
While the global economy may be avoiding a significant slowdown, traders are clearly signaling that they don’t think the “race to the bottom” may be over yet.
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US Dollar Firms as AUD/USD Suffers, EUR/USD Drops - US Market Open
Australian Dollar slumps on weak labour market report, eyes on RBA QE talk. Euro remains soft despite Germany avoiding a technical recession.
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Bitcoin (BTC) Price Struggle Continues, Mired by Conflicting Signals
Bitcoin is struggling to find a direction and is stuck in a six-week range as volatility subsides. Traders should be alert as quiet conditions sometimes pave the way for a sharp breakout.
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DAX, FTSE 100 and IBEX Technical Analysis Forecast
Upside in the DAX appears exhausted as the index follows the risk off tone, while FTSE 100 breaks rising channel. Political uncertainty weighs on IBEX
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Brexit Briefing: GBP Outlook Enhanced as Fiscal Policy Dominates Election
Both of the main political parties fighting the UK General Election are promising more public spending, in a development that could ultimately lead to UK interest rates being higher than currently ...
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EUR/USD Price Remains Under Pressure and Searches for Support
EUR/USD continues its drift lower and continues to make fresh multi-week lows. The path of least resistance guides towards an eventual re-test of lows seen in mid-2017.
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Euro Outlook: EUR/USD Decline May Accelerate Ahead of GDP Data
The decline in EUR/USD may be amplified if Eurozone GDP data fuels urgency for the ECB to cut rates as the region’s slowdown threatens financial integrity in the Eurozone.
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Wednesday, 13 November 2019
Euro Outlook Dour Even as Germany Narrowly Avoids Recession
The Euro looks likely to continue lower even as German GDP data shows the Eurozone's top growth engine avoided recession in the third quarter.
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Crude Oil Prices Up Despite China Data Miss, Fed's Powell in Focus
Crude oil prices were up on worries about future supply reductions even as US-China trade continued to worry markets and Chinese numbers disappointed.
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Euro Outlook Dour Even as Germany Narrowly Avoids Recession
The Euro looks likely to continue lower even as German GDP data shows the Eurozone's top growth engine avoided recession in the third quarter.
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AUD/USD, USD/CAD, EUR/USD Price Trend Outlook in Positioning
The AUD/USD and EUR/USD downtrend may prolong as traders counterintuitively buy into their descent. Meanwhile, the USD/CAD uptrend may accelerate on rising net-short bets.
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USD/CAD Rate Tracks October Range Amid Failure to Test 2019 Low
USD/CAD may continue to retrace the decline from the previous month amid the failed attempt to test the 2019 low (1.3016).
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US Dollar, Stocks Eye Powell Testimony as Trade Talks Stumble
The US Dollar along with European and US equity markets will be closely watching Fed Chairman Jerome Powell’s second Congressional testimony as US-China trade talks flounder.
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Gold Prices React to Former Resistance Zone and Snap Bearish Series
Recent price action in gold raises the scope for a larger rebound as the precious metal snaps the series of lower highs and lows carried over from the previous week.
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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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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...