Tuesday, 26 November 2019

USD/CAD Rate Fails to Test October, RSI to Offer Bearish Signal

The Relative Strength Index (RSI) may offer a bearish signal for USD/CAD as the oscillator threatens the upward trend from earlier this month.

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USD/JPY Climb Resumes on US-China Trade Deal Bets, GBP/USD Sinks

The USD/JPY rose and may continue climbing as US-China trade deal bets boosted the S&P 500. This is as the British Pound fell against the US Dollar on UK General Election polling.

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US Dollar Outlook: FOMC Bets & GDP Data Eyed – Volatility Amiss?

US Dollar outlook hinges on changes in FOMC rate cut expectations as traders react to the latest US-China trade talk headlines, Fed official commentary and high-impact economic data releases.

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Euro Forecast: On Weak Footing as November Winds Down; No ECB Rate Cuts Due

The Euro has lost modest ground thus far in November, even as ECB rate cut expectations have evaporated for the next 12-months.

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Canadian Dollar Outlook: Is USD/CAD Headed for a Reversal Lower?

USD/CAD has enjoyed a remarkable rally throughout November but is nearing longstanding technical resist which has worked to stall previous rallies. Does this mean USD/CAD is due for a reversal lower?

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Australian Dollar Price Outlook: Aussie at Key Support – Trade Levels

The Australian Dollar is testing major support at the monthly range lows heading into the close of November. Here are the levels that matter on the AUD/USD charts.

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Dow Jones Gyrates at New High as Consumer Confidence Misses

The Conference Board Consumer Confidence Index declined for a fourth straight month in December but showed an uptick in short-term expectations for the economy.

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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten

The 75th anniversary of the Bretton Woods conference was at the end of July, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.

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Gold Price Forecast: XAUUSD Grinds at Support, Will Bulls React?

Gold prices have been pulling back for three months now. Have bulls thrown in the towel, or are they waiting in the wings for another topside push?

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Trader Sentiment Remains Positive | Webinar

Hopes of a breakthrough in the US-China trade war are continuing to boost market confidence, with global stocks continuing to climb and little demand for safe havens.

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US Dollar Outlook: Euro, DXY Charts & More

In today's session, we took a look at the US Dollar Index, Euro, and other compelling short-term charts of interest.

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Canadian Dollar Forecast: USD/CAD Price Nears Decisive Breakout Zone

USD/CAD continues its move higher with recent sell-offs providing bulls with a fresh opportunity. The pair now near robust resistance which needs to be taken out if the move is to continue.

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Brexit Briefing: Debate to Continue for Months Says Former Deputy PM

Hopes that the UK General Election will put an end to the Brexit wrangling are misplaced, according to former Conservative Deputy Prime Minister Michael Heseltine.

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Euro Forecast: Firm US Sentiment Data May Push EUR/USD Lower

The Euro may fall against the US Dollar if consumer confidence data from the world’s largest economy leads capital to flow into the haven-linked Greenback, amplifying the decline in EUR/USD.

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Monday, 25 November 2019

Crude Oil Prices Hold Near Highs, US-China Trade News to Drive

Crude oil prices benefited from generally higher risk appetite in the Asian session as investors hope that at least an interim US-China trade deal can come soon.

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EUR/USD Eyes Monthly Low as ECB Reinforces Dovish Forward Guidance

EUR/USD may exhibit a more bearish behavior over the remainder of the week as the exchange rate carves a fresh series of lower highs and lows.

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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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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...