Monday, 25 November 2019

US Dollar, Rupee Forecast: USD/INR and Nifty Brace for India GDP

The USD/INR uptrend may resume as India GDP slows to a 2013 low on a teetering banking sector that threatens the Nifty 50. The Rupee has struggled despite US-China trade deal bets.

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Australian Dollar Could Gain if RBA's Lowe Mulls Monetary Limits

The Australian Dollar has weakened since October, but could pause on the way down if the RBA Governor again wonders how far easy money policy should be taken. The ASX might not welcome such sentiment.

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Gold to Test Key Price Levels Amid Hopes for US-China Trade Deal

The price of gold may test the former-resistance zone around $1447 (38.2% expansion) to $1457 (100% expansion) for support amid growing hopes for a US-China trade deal.

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US Dollar, S&P 500 Look to PCE, GDP Data After Powell Speech

The US Dollar, NZD, AUD and the S&PP 500 remained broadly unchanged after Fed Chairman Jerome Powell’s speech as the attention turns to key US data and escalating trade talks.

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New Zealand Dollar Gains vs Yen But NZD/JPY Momentum Lacking

The New Zealand Dollar gained as the Japanese Yen fell, but failed to achieve meaningful upside technical progress despite seemingly ideal fundamental news. Will Powell sink markets ahead?

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Nasdaq 100 Outlook: Trade Wars and Earnings Ahead of Black Friday

The Nasdaq 100 trades at record levels ahead of the quiet holiday period, but earnings from influential technology companies and continued trade talks could spark volatility.

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US Dollar Price Volatility Report: EUR/USD, AUD/USD, USD/JPY

US Dollar outlook turns to an upcoming speech from Fed Chair Powell as well as the release of trade balance and consumer confidence data, which highlights EUR/USD, AUD/USD and USD/JPY.

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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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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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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...