Sunday, 1 December 2019

AUD/USD Forecast: RSI Offers Bearish Signal Ahead of RBA Meeting

Recent developments in the Relative Strength Index (RSI) offer a bearish signal for AUD/USD as the oscillator snaps the upward trend from August.

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Australian Dollar Holds Up On China Caixin PMI. RBA, GDP Loom

The Australian Dollar looked firm after news that China’s private manufacturing continues to expand. However, the market is focused on domestic events this week.

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The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.

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Crude Oil Plummets as Dow, Gold and USD Cling to Familiar Levels

The Dow Jones, gold and the US Dollar traded within their recent ranges last week as crude oil suffered a significant retracement on Friday as supply concerns worked to pressure the commodity lower.

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Dow Jones and FTSE 100 Forecast for the Week Ahead

A strong month for the Dow Jones, which hovers around record high territory, while the FTSE 100 remains capped at familiar resistance

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Sterling (GBP) Price Outlook Dependent on UK Election Opinion Polls

British Pound trading will be dominated this week by opinion polls ahead of the UK General Election on December 12 but a break of GBP’s recent narrow ranges may not come until after the election re...

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Saturday, 30 November 2019

Euro Rate Outlook Hinges on CPI, Lagarde Testimony

Fresh developments coming out of the Euro area may curb the recent depreciation in EUR/USD as the ECB tames speculation for additional monetary support.

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Weekly Gold Price Forecast: Kicking the Can on a US-China Trade War Phase 1 Deal

Gold price’s next move is largely dependent upon what happens in the US-China trade war.

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US Dollar May Rise as US-China Trade Deal, Key Data Fall Flat

The US Dollar may benefit from haven demand as key economic data falls short of expectations while any “phase 1” US-China trade deal disappoints.

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Friday, 29 November 2019

Canadian Dollar Outlook Bearish on BOC, Jobs Data, Trade War

The Canadian Dollar may face selling pressure if the BOC outlook strikes a more cautious note ahead of a cascade of key jobs data as US-China trade tensions escalate.

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Australian Dollar Could Struggle With RBA Rate Call, GDP Figures

The Australian Dollar is as in thrall to US-China trade headlines as any asset, but the coming week offers the prospect of much domestic distraction.

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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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Japanese Yen Price Outlook: USD/JPY Faces Resistance / Six-Month High

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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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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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...