The Japanese Yen is on the defensive as the US Dollar probes yearly open resistance at six-month highs. Here are the levels that matter on the USD/JPY weekly chart.
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Friday, 29 November 2019
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.
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Canadian Dollar Firms Modestly as GDP Beats, but Still Decelerates
In a thinly-traded session, the Canadian Dollar was able to scrape together some gains after a slightly better than anticipated GDP report.
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EUR/USD Price Ignores Better-Than-Expected Euro-Zone Inflation Data
The latest set of Euro-Zone inflation data showed price pressures in the single-block picking up, beating market expectations. EUR/USD however failed to follow this uptick and remains glued to the ...
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Australian Dollar Technical Forecast: AUD/USD & AUD/NZD Eyes Critical Levels
AUD/USD downside momentum stalling, however, a slew of domestic data is likely to dictate price action. AUD/NZD continues to head lower.
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Brexit Briefing: DUP Rejects UK Government's Brexit Deal
Northern Ireland’s Democratic Unionist Party has launched its General Election manifesto, opposing key elements of the deal agreed between UK Prime Minister Boris Johnson and the EU.
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Thursday, 28 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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Gold Prices Up, Markets Fret China Response To US Hong Kong Bills
Gold prices benefited from weaker risk appetite and softer risk appetite as Hong Kong continues to glower over US-China trade prospects.
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How Crude Oil Prices React to Weather-Induced Disruption Fears
With increasing volatility in weather patterns, how might storms, hurricanes and floods rattle the supply chain for petroleum-based products and impact crude oil prices?
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Australian Dollar Could Fall Sharply if RBA QE Becomes 'Live'
The Australian Dollar has wilted through November partly thanks to its lack of monetary policy support. At least one major domestic bank thinks it has even less than markets reckon.
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How to Trade the Impact of Politics on Global Financial Markets
As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading oppo...
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Stock Market Crashes: Current Climate Compared to Prior Conditions
The stock market has rallied into the last months of the year, but 2019 was not without its turbulence and many pundits still fear a total collapse. But are those fears justified with stocks at rec...
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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.
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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.
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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...
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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.
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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.
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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.
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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.
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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.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....