Wednesday, 27 November 2019

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.

from DailyFX - Market News https://ift.tt/2XXZFkX
via IFTTT

Swiss Franc Looks Nervously to GDP, Trade War HIt Expected

The Swiss Franc has seen underlying weakness on many fronts , but evidence that trade tensions are hampering its home economy are unlikely to help.

from DailyFX - Market News https://ift.tt/2sqpQ8n
via IFTTT

Euro Forecast: EUR/USD Selloff Ahead of Key EU, German Data?

EUR/USD is on the verge of breaking below key support which may precede an aggressive selloff. Eurozone confidence data and German CPI statistics may be the catalysts.

from DailyFX - Market News https://ift.tt/2L1qjnK
via IFTTT

Silver Prices Outlook Bullish After Trump Signs Hong Kong Bill

Silver prices may have a bullish session ahead after Trump signed a controversial bill supporting the Hong Kong protests which may catalyze an upside breakout in XAG/USD

from DailyFX - Market News https://ift.tt/33sLYvz
via IFTTT

Gold Price May Attempt to Break Out Amid Failure to Test Monthly Low

The price of gold may attempt to break out of the range bound price action from earlier this week as the precious metal holds above the monthly low ($1446).

from DailyFX - Market News https://ift.tt/2OLNEuQ
via IFTTT

USD/JPY, AUD/USD, NZD/USD Brace. Trump Signs HK Bill in Thin Trade

The USD/JPY, AUD/USD and NZD/USD dropped after Donald Trump signed the HK Bill, fueling trade war woes. Volatility may be amplified by the US Thanksgiving holiday and low liquidity.

from DailyFX - Market News https://ift.tt/2Ooo3Jk
via IFTTT

GBP/USD: British Pound Spikes as YouGov Poll Predicts Tory Majority

The British Pound surged above the 1.2920 mark to print fresh intraday highs after the latest UK election poll predicted Boris Johnson's Conservative Party will hold a commanding 68-seat majority.

from DailyFX - Market News https://ift.tt/2OU6Iac
via IFTTT

S&P 500 Trading to Pick Up Following Thanksgiving Week

A shortened holiday trading week will likely give rise to increased volume and range next week as traders mull Black Friday data

from DailyFX - Market News https://ift.tt/2XQ70De
via IFTTT

Bitcoin Price Chart Turns Bullish, What Does This Mean for BTC/USD?

Bitcoin has fallen further since last week, but a bullish pattern on the 4-hour price chart could suggest the cryptocurrency is due for a resurgence in the near term.

from DailyFX - Market News https://ift.tt/2DoWYzn
via IFTTT

Canadian Dollar Outlook: USD/CAD Bulls at Risk – Loonie Trade Levels

The Canadian Dollar is firmer on the week but keeps USD/CAD within the monthly uptrend for now. Here are the levels that matter the Loonie technical charts.

from DailyFX - Market News https://ift.tt/2Ouaus5
via IFTTT

EUR/USD Re-Tests Confluent Support as USD Grinds at Resistance

Both the US Dollar and EUR/USD are testing big areas on the chart, and mean reversion would be a typical approach going into a holiday. But this isn't typical.

from DailyFX - Market News https://ift.tt/35FHSSc
via IFTTT

Euro Slides in Thin Trading Session on EU-US Trade War Headlines

EUR/USD briefly fell below 1.1000 amid reports that the US would proceed with tariffs on the EU.

from DailyFX - Market News https://ift.tt/2QYzRDU
via IFTTT

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.

from DailyFX - Market News https://ift.tt/34rbeDM
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2XQ1Bw1
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2rxpZ9m
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2DmpiCx
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2OpW6kl
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2OJzvyg
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2OPkKd7
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2qSE6Gv
via IFTTT

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...