Saturday, 16 November 2019

British Pound Outlook Hinges on UK Vote as Johnson, Corbyn Debate

The outlook for the British Pound continues to hinge on the outcome of December’s UK election and its implications for Brexit. The contest’s first debate looms ahead.

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Euro Price Forecast: Fundamental Analysis Indicates More of the Same

The Euro’s struggle to move higher against a range of currencies continues and without further support this is likely to continue into the year-end

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Gold Price Outlook: XAU/USD May Rise on FOMC Minutes, Trade War

Gold prices may be given a tailwind from the FOMC minutes and escalating trade war risks if they fuel demand for anti-fiat assets amid expectations of additional Fed easing.

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US Dollar Ahead: EUR/USD Eyes FOMC & ECB Minutes, USD/CAD to CPI

The US Dollar fell, looking to FOMC and ECB minutes for Euro price action. It may rise against the Canadian Dollar on CPI data and if US-China trade deal bets suddenly decline.

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Friday, 15 November 2019

Battered Australian Dollar Looks To RBA Minutes, Lowe Speech

The Australian Dollar has been hit in recent days by a slew of bearish news from both home and abroad. There may be less of this to come in the week ahead, but it’s still hard to see the currency r...

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US Dollar Outlook: USD Price Volatility & Implied Trading Ranges

USD implied trading ranges for the week ahead as the US Dollar faces daunting fundamental headwinds like rising FOMC rate cut odds, a ballooning Fed balance sheet and fading forex volatility.

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Geopolitics of Oil: Why Crude and Conflict Are So Closely Connected

Traders often turn to the oil market when looking for an asset to trade during a major political development, a change in the world economic outlook, a new trade dispute or armed conflict.

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CAC 40 & Euro Stoxx 50 Outlooks Enjoy Boost from Auto Tariff Deadline

European equities may receive a boost next week if a report from Norway’s Minister of Industry, that states the US auto tariffs are off the table, is to be believed.

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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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Australian Dollar Price Outlook: Aussie Plunges to Technical Support

Aussie plummeted more than 2.2% off the October highs with price rebounding off key support late in the week. Here are the levels that matter on the AUD/USD charts.

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US Dollar Dips on Mixed Retail Sales Report, Eyes on Trade Talks

The US Dollar edged lower in response to lackluster US retail sales data that just crossed the wires, though markets remain largely fixated on US-China trade talk headlines.

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GBP/USD Options Pricing in UK General Election Risk - US Market Open

UK General Election risk premium rising, Conservatives command sizeable lead, JPY & CHF on the defensive, however, China reports casts doubts on trade optimism.

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AUD/USD, NZD/JPY Outlook & More – Charts for Next Week

In today's session, we looked at quite a few charts, but focused on a few including the Australian Dollar and New Zealand Dollar versus the Japanese Yen.

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EUR/GBP Outlook - Price Action Continues to Break Down

EUR/GBP looks oversold in the short-term, according to one technical indicator, but the pair may well move further lower after breaching multi-month support.

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Australian Dollar Technical Forecast: AUD/USD & AUD/NZD Eyes Critical Support

AUD/USD and AUD/NZD see key reversal, however, both pairs look to crucial support to curb further selling.

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Japanese Yen Chart May Be a Warning Sign for the Nikkei

USD/JPY has pierced chart support, signaling Yen gains ahead. If that portends a broader anti-risk shift in market sentiment, a breakdown in Japanese stocks may follow.

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US Dollar Forecast: USD May Rise on Retail Sales Data

The rally in the US Dollar may be extended if US retail sales data shows stronger-than-expected growth and provides the Fed with more impetus to hold interest rates.

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Thursday, 14 November 2019

Gold Prices Fall On US-China Trade Hopes, US Retail Sales Loom

Gold and other haven assets came under pressure as the Asian trading week faded out as hopes rose of an interim trade deal between China and the US.

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US-China Trade War Crushes FDI in Latest Sign of Real-World Hit

Growth-linked currencies have gained as investors hope for progress on the trade front as well as stimulus from the Fed.The global economy however remains depressed and seems likely to remain so.

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US Dollar, London Increase Currency Market Dominance, Yuan Stagnates

The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever.

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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...