Wednesday, 20 November 2019

Brexit Briefing: GBP/USD Price Weakens After General Election Debate

Corbyn wins TV debate with Johnson by a thin margin, according to pollsters YouGov; GBP/USD price eases back, rejecting 1.30 resistance again.

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Copper Price Trend May Reverse on FOMC Minutes

Copper prices may break trend-defining chart barriers as minutes from October’s FOMC meeting shape policy expectations vis-à-vis the US-China trade war.

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US Dollar Selloff May Accelerate After FOMC Minutes Released

The US Dollar selloff may be exacerbated if the FOMC minutes from the October meeting carry unexpectedly dovish undertones and fuel rate cut bets as US-China trade talks break down.

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Tuesday, 19 November 2019

Crude Oil Prices Weaken With US-China Trade Hope, Stockpiles Eyed

Crude oil prices faced a host of challenges in Asia, from a souring of US-China trade rhetoric to worries that Russia may not be amenable to production cuts. EIA inventory data is eyed ahead.

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Japanese Yen Up as US Hong Kong Stand Sours Trade Deal Hope

The Japanese Yen found its usual haven bid as Donald Trump threatened more tariffs on China and the US Senate passed legislation in support of Chinese human rights

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EUR/USD, GBP/JPY Sentiment Outlook: Euro to Rise as Pound Sinks?

The Euro may rise against the US Dollar as IG Client Sentiment sends bullish EUR/USD signals. This is as the British Pound could fall against the Yen on GBP/JPY net-long bets.

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Japanese Yen Up as US Hong Kong Stand Sours Trade Deal Hope

The Japanese Yen found its usual haven bid as Donald Trump threatened more tariffs on China and the US Senate passed legislation in support of Chinese human rights

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USD/CAD Rate Eyes October High as Canada CPI Update Looms

USD/CAD may continue to retrace the decline from the October high (1.3348) as the Bank of Canada (BoC) alters the outlook for monetary policy.

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USD/JPY, AUD/USD, NZD/USD Rates Sink as HK Bill Fuels Trade War

The USD/JPY, AUD/USD and NZD/USD may decline after the US passed the Hong Kong Bill, fueling concerns that Chinese countermeasures may derail US-China trade deal hopes.

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Canadian Dollar Outlook Hinges on Inflation, BOC Rate Cut Odds

Canadian Dollar overnight implied volatility measures jumped higher ahead of the high-impact release of the monthly Canadian inflatio report Wednesday, which could materially sway BOC rate cut odds.

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Dow Jones Forecast Awaits Retail Earnings and Fed Minutes

The Dow Jones will look to trade wars and further earnings from the retail sector where, after great earnings from Walmart, performances have tapered off and could threaten the index.

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Canadian Dollar Forecast: USD/CAD, CAD/JPY, NZD/CAD Levels

The Canadian Dollar will look to endure upcoming economic data in the days ahead, but a strong story throughout may be required to right the sinking ship that is the Loonie.

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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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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...