Wednesday, 27 November 2019

GBP/USD Volatility Spikes Ahead of Key UK Election Poll - US Market Open

Market participants await election poll that predicted the 2017 outcome. GBP/USD overnight implied volatility spikes.

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US Dollar Climbs on GDP, Durable Goods & Jobs Data; Spending Ahead

USD price action spiked toward intraday highs as US Dollar outlook improves following rosy data reports that underscored the robustness of the US economy and a less-dovish Fed.

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Dow Jones, Crude Oil & Gold Technical Outlook

In today's session, we covered a few different markets; stocks are strong, oil is choppy and indecisive, while gold could break a little lower.

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Crude Oil Price Outlook Improves as US-China Trade Deal Edges Closer

The outlook for crude oil prices is positive but a strong advance is unlikely until the US and China conclude a trade agreement.

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EUR/USD Price Probing Support Ahead of US Data Releases

EUR/USD remains just above 1.1000 in thin trading conditions with support at 1.0981 likely to be tested if US data releases this afternoon confirm the strength of the US economy.

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Brexit Briefing: SNP to Argue a Deal is Nowhere Near Being Done

The Scottish National Party will claim today that the UK Conservative government has barely got going on Brexit and has not even started trade talks.

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DAX and FTSE 100 Technical Forecast: Risk of Reversal

DAX upside appears exhausted as the RSI heads lower, while the FTSE 100 faces its first significant test.

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US Dollar Eyes PCE, GDP Data as S&P 500 Shows Signs of Topping

The US Dollar along with equity markets will be closely watching the release of key data and how it may impact the Fed outlook right as the S&P 500 registers another all-time high.

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Tuesday, 26 November 2019

Gold Prices Fall as US-China Trade Hopes Hold Up, US Data Eyed

Gold prices struggled through the Asian session as risk appetite held up. Investors saw some chance of an interim trade deal between Washington and Beijing.

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AUD/USD Exposed to Dovish Guidance as RBA Identifies Roadmap for QE

AUD/USD tracks the range-bound price action from earlier this week, but the Australian Dollar may face a more bearish fate as the RBA endorses a dovish forward guidance.

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Japanese Yen May Fall as Euro Gains, Will GBP/JPY Follow EUR/JPY?

The Japanese Yen is facing selling pressure on US-China trade deal expectations. Sentiment hints that EUR/JPY has room to climb, but can this momentum extend into GBP/JPY?

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Australian Dollar Slips as China Industrial Profits Tank Again

The Australian Dollar is like all other markets focused on US-China trade headlines. However terrible weakness in Chinese industrial profits set it back.

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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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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...