Monday, 25 November 2019

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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Canadian Dollar Price Outlook: USD/CAD Bulls Push - Resistance Awaits

The November rally has continued in USD/CAD as price action nears a test of an imposing zone of resistance levels. Can USD/CAD bulls prevail?

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GBP/USD Outperforms, EUR/USD Tests Support, AUD/USD Eyes RBA QE Talk - US Market Open

The Pound outperforms in the G10 space as election polls maintain sizeable Tory lead. Euro is on the defensive, while AUD/USD Eyes talks on QE.

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Gold Price Forecast - Looking to Re-Test Three-Month Low

The price of gold continues to slip lower and may re-test the recent three-month low at $1,445/oz. as riskier assets remain in demand.

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Bitcoin (BTC) Price Analysis: Slump Stalls, Outlook Remains Negative

Bitcoin continues to push lower and now trades around $6,700 after hitting minor horizontal support around $6,500. BTC may partially recover recent falls but the trend remains negative.

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Euro Outlook: German IFO Data May Accelerate EUR/USD Selloff

The Euro may fall if German IFO data spooks regional investors and accelerates a selloff in EUR/USD as the pair tests a critical price level.

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Sunday, 24 November 2019

Gold Prices Wilt as Markets Hope For 'Phase-1' US-China Trade Deal

Gold prices slipped back as Monday saw a resurgence of risk appetite. Wire reports suggested that a substantive trade deal is some way off, but investors think an interim agreement is possible.

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NZD/USD Rate to Consolidate Amid Failed Test of Former Support

NZD/USD may consolidate over the remainder of the month as the rebound from the yearly low fails to produce a test of the former support zone.

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Crude Oil Price Outlook: Brent, SEK, NOK May Fall on Trade War Peril

Crude oil prices, along with the petroleum-linked Norwegian Krone and Swedish Krona may face selling pressure as US trade tensions with China and the EU escalate.

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USD/SGD, USD/IDR, USD/MYR, USD/PHP Remain Glued to Trade War News

The US Dollar rose against SGD, IDR, SGD and PHP on US-China trade deal woes and may continue doing so should talks fall apart. It may show weakness on local GDP and PCE data.

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Australian Dollar Traders to Take Cues from RBA, US-China Trade News

Fresh comments coming out of the Reserve Bank of Australia (RBA) may drag on AUD/USD as the central bank keeps the door open to implement lower interest rates.

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Euro and British Pound Fell on Soft Data, EUR/USD Eyes Support

The Euro and British Pound depreciated against the US Dollar, bringing EUR/USD near support as the Greenback capitalized on soft European economic data and better local outcomes.

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Weekly US Dollar Forecast: Front-Loaded Week Due to Thanksgiving

The coming week is shortened due to the holiday; all of the meaningful US economic data and speeches by Federal Reserve policymakers are due between Monday and Wednesday.

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US Dollar, Gold and VIX Must Watch Markets with Trade Wars Competing with Liquidity

We have closed out a week where both trade wars and recession worries have regained significant traction. You wouldn't have noticed that threat, however, if you were only referencing price action f...

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Dow Jones, DAX 30 & FTSE 100 Forecasts: Trade Wars to Dominate

Trade wars look poised to dominate the fundamental landscape for equities as the United States clamps down on Huawei and a phase one trade deal experiences further delays.

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Saturday, 23 November 2019

Sterling (GBP) Price Outlook: Range Setting Ahead of a General Election Breakout

The British Pound continues to test boundaries against a range of currencies ahead of the December 12 General Election, with current UK PM Boris Johnson holding a healthy lead in the polls.

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Euro Outlook Bearish Amid Renewed Trade Tensions, Debt Risks

The Euro may face selling pressure in the week ahead amid a reignition in EU-US trade tensions as regional growth falters and threatens to undermine Eurozone financial stability.

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Gold Price Outlook Hinges on Fed Rhetoric, US-China Trade Negotiation

Upcoming remarks from Federal Reserve officials may influence the price of gold as the central bank alters the outlook for monetary policy.

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Dow Jones, FTSE 100 & DAX Technical Forecast for the Week Ahead

While the Dow Jones has stalled, the upward trajectory remains intact. Potential bull trap in the FTSE 100. DAX eyes 13000 following false upside break.

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Friday, 22 November 2019

Crude Oil Prices May Fall as Growth Fears Return, Rate Cuts Pause

Crude oil prices are struggling to find direction amid US-China trade war uncertainty, but the way forward is biased lower as global slowdown fears resurface.

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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...