Tuesday, 19 November 2019

Sterling Technical Analysis: GBP/USD Softens, Support in Sight

The British Pound continues to carry an overtone of strength, but an imposing level of resistance sits overhead in GBP/USD.

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Crude Oil Price Outlook Takes a Blow on Russia OPEC Cut Comment

Crude oil prices are coming under pressure during Tuesday trading after comments out of Russia cast doubt that the country will deepen oil production cuts with OPEC, which sent the commodity plunging.

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GBP/USD Upside Capped, CAD Volatility Plummets - US Market Open

Dovish RBA minutes however, December rate cut calls are misplaced. GBP/USD upside capped by large option expiries. CAD tracks oil lower.

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US Dollar, EUR/USD Test Key Resistance Hurdles on the Chart

It's been a busy Q4 and risk trends remain on the run. Both the US Dollar and EUR/USD are testing key areas on the chart this morning.

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Positive Market Sentiment Still in Place | Webinar

Traders are still opting for riskier assets such as stocks rather than lower-yielding safe havens as positive news continues to outweigh the negative.

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Bitcoin (BTC) Price Remains Under Technical Pressure as $8,000 Looms

Bitcoin continues its recent slide and with little in the way of support at hand a break below $8,000 is likely, ahead of a re-test of the multi-month low made in late-October.

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Gold Price Analyis: Resistance May Come Under Renewed Pressure

Gold is slowing moving off its recent three-month low and the move higher may be accelerated with a bullish technical signal flashing on the chart.

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Brexit Briefing: FTSE 100 Shrugs as Cut in Corporation Tax is Delayed

UK Prime Minister Boris Johnson has decided against a cut in corporation tax in the runup to Brexit but the London stock market continues to rise as polls suggest he has a General Election lead.

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Euro, S&P 500 Index Eyeing Shaky US-China Trade War Talks

In the absence of market-moving data, the Euro and S&P 500 index will be at the mercy of market mood and shaky US-China trade war talks.

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Monday, 18 November 2019

Gold Prices Gain On US-China Trade Doubts, Fed Minutes Loom

Asia Pacific markets remained predictably focused on US-China trade matters, with investors clearly more concerned that even an interim deal can be done any time soon.

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Oil Price Vulnerable to Wait-and-See OPEC Amid Record US Crude Output

The price of oil pulls back from a fresh monthly high ($58.17) as OPEC shows little intentions of taking additional steps to balance the energy market.

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Gold Prices, SEK, NOK May Rise on ECB, FOMC Minutes

Gold prices may rise along with the Swedish Krona and Norwegian Krone if the ECB and FOMC minutes fuel rate cut bets and boost the appeal of non-interest-bearing assets and riskier currencies.

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Canadian Dollar Forecast in AUD/CAD, NZD/CAD, GBP/CAD Rates

The Canadian Dollar may fall if local CPI and retail sales data adds fuel Bank of Canada easing bets. Where do AUD/CAD, NZD/CAD and GBP/CAD stand ahead of the Canadian data?

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EUR/USD Reaction to Trump-Powell Meeting Mired by Monthly Open Range

EUR/USD extends the rebound from the monthly low (1.0989) as US President Donald Trump meets with Federal Reserve Chairman Jerome Powell.

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Australian Dollar Falls On Dovish RBA Minutes, Downtrend May Deepen

The Australian Dollar was hit as the Reserve Bank of Australia appeared to keep further monetary easing very much on the table.

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GBP/USD Rate May Rise as AUD/USD Price Falls on Trade Woes

The British Pound may rise as GBP/USD pushes into resistance after the latest UK election opinion polling. The Yen could gain as the Australian Dollar weakens on US-China trade woes.

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TIC Flows Reveal Japan Remains Top Holder of US Debt

The US Dollar was largely unchanged after TIC flow data was released by the US Treasury Department, which showed Japan remains the top holder of US Treasury Securities.

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TIC Flows Reveal Japan Remains Top Holder of US Debt

The US Dollar was largely unchanged after TIC flow data was released by the US Treasury Department, which showed Japan remains the top holder of US Treasury Securities.

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Canadian Dollar Outlook: USD/CAD Rally Stalls Under Weekly Resistance

The Dollar is up more-than 1.2% against Loonie with price now testing the first major resistance hurdle. Here are the levels that matter on the USD/CAD weekly charts.

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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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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...