Thursday, 28 November 2019

China Makes a Bet Against the US Dollar as World Reserve Currency

There’s a significant reason why China has been issuing debt denominated in US Dollars.

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

Trump's Trade Wars: The Global Economy is Slowing

Evidence is mounting that global trade is reducing thanks to US-led trade wars, and thatthe slowdown is adversely affecting GDP growth worldwide, and therefore the markets.

from DailyFX - Market News https://ift.tt/2OQdU7i
via IFTTT

EUR/GBP Price: April 2017 Low In Sight as Negative Sentiment Holds Sway

EUR/GBP touched a multi-month low earlier in the session and support levels for the pair are starting to run out. Another positive General Election opinion poll for the Conservative Party may see t...

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

EUR/USD Price Continues to Struggle Ahead of German Inflation Data

The euro continues to trade just above 1.1000 against the US dollar as traders wait for the latest look at German inflation.

from DailyFX - Market News https://ift.tt/2L2ycJM
via IFTTT

Risk Markets Nudge Lower After President Trump Signs the Hong Kong Bill

US President Donald Trump last night signed two Hong Kong pro-democracy bills, an action that will increase tension between the US and China and hinder ongoing trade talks.

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

Brexit Briefing: Most Accurate Election Poll Predicts Conservative Majority, GBP/USD Rises

GBP/USD jumps as the long-awaited YouGov MRP Poll predicts a Conservative majority.

from DailyFX - Market News https://ift.tt/37IkKEw
via IFTTT

Wednesday, 27 November 2019

Crude Oil Prices Hit By Stock Build, China Eyed as Trump Backs HK

Crude oil prices were already struggling with news of record UK weekly production when Donald Trump sapped risk appetite by signing support for human rights in Hong Kong into law.

from DailyFX - Market News https://ift.tt/2L1R7UU
via IFTTT

Trump Policies Invite Inflation But Gold Prices May Fall Anyway

Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation.

from DailyFX - Market News https://ift.tt/3797Mzv
via IFTTT

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

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...