Wednesday, 4 December 2019

NZD/USD Uptrend Extends on RBNZ Capital Review, USD/JPY May Rise

The New Zealand Dollar uptrend may extend after the RBNZ outlined raising bank capital buffers. Ahead, the anti-risk Japanese Yen may sink if Asia stocks follow the S&P 500 higher.

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US Dollar Outlook Fixated on Trade, Jobs Report & Fed Decision

US Dollar outlook turns to upcoming economic data like consumer sentiment and nonfarm payrolls ahead of next week’s FOMC rate decision - USD implied volatility & trading ranges.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Test Key Resistance

The Australian Dollar has climbed versus the US Dollar and Japanese Yen in the last few months, despite waning risk appetite, so are the rebounds overdone or just beginning?

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Nasdaq 100 Forecast: Are Investors Apprehensive About Big-Tech?

The Nasdaq 100 employed support from a trendline dating to January 2018 on Tuesday, but with trade sentiment shifting, secondary support may be required.

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British Pound Breakout: GBP/USD Drives Above 1.3000, Six-Month-Highs

The British Pound has broken out in a big way, and pushed beyond a key zone of resistance on the chart as Cable bulls continue to run.

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US Dollar Index Rises Despite Weak ISM Services Figure

The US Dollar Index gained ground after a weaker than expected read on the services side of the US Economy.

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Canadian Dollar Surges as BOC Holds Rates - Next Levels for USD/CAD

USD/CAD rates have broken their uptrend from the October low, suggesting that the broader range in place since early-July will remain intact.

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GBP/USD Spikes, AUD/USD Dips on GDP, US Dollar Selling Resumes - US Market Open

The notable mover has been the Pound, rising to a fresh multi-month high of 1.3100. RBA concerns to rise on soft GDP report. USD drops on weak ADP.

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US Dollar Technical Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Sellers have come back into the US Dollar around the December open, begging the question as to whether the October sell-off has more room to run.

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EUR/GBP Slumps - Markets Price In a Conservative Majority

EUR/GBP is within a whisker of setting a new nine-month low and looks set to test an old horizontal support level made back in April 2017.

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Canadian Dollar Technical Analysis Overview: USD/CAD Eyes Key Support

Bank of Canada to dictate near term outlook for USDCAD, while CADJPY tests key support.

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EUR/USD Forecast - Setting Up a Range Break Ahead of US ISM Data Release

EUR/USD is testing resistance at just under 1.1100 and may break higher if the US dollar continues to weaken. Later today, US ISM services data could provide that catalyst.

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Brexit Briefing: Trump Backs Brexit at NATO Meeting in UK

US President Donald Trump has reiterated his support for the UK leaving the EU at a meeting of the NATO defense organization; GBP/USD tops 1.30 resistance.

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Euro Outlook Shaky on Upcoming PMI Data, Renewed Trade Risks

The Euro may fall against its major counterparts if local PMI data and escalating EU-US trade tensions fuel the urgency for ECB rate cuts. This may also cause EUR/USD to trim its recent gains.

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Tuesday, 3 December 2019

Crude Oil Prices Up Despite New Trade Woes, Stock Data Eyed

Crude oil prices were well supported by a surprise US inventory build and expectations of longer, deeper production cuts, despite generally weaker risk appetite.

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Gold Price Eyes November High with US on Track to Raise China Tariffs

The price of gold appears to be on track to test the November high ($1516) as the Trump administration plans to implement additional tariffs on Chinese goods.

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AUD/USD and NZD/USD Outlook Bearish on Positioning Signals

The US Dollar may regain its strength against the Australian and New Zealand Dollars. Trader positioning signals warn that AUD/USD and NZD/USD could soon begin turning lower.

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Stocks Drop in Hong Kong as Trade War Trumps Upbeat PMI Data

Stocks in Hong Kong look set to resume a six-month downtrend as trade war escalation sours the markets’ mood, overshadowing upbeat Chinese PMI data.

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Crude Oil Price and NOK Outlook Bearish on OPEC, Trade Wars

Crude oil prices may suffer with the Swedish Krona and petroleum-linked Norwegian Krone if cross-continental trade tensions escalate ahead of the OPEC meeting in Vienna.

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USD/CAD Rate Fails to Test October High Again Ahead of BoC Meeting

The failed attempts to test the October high (1.3348) may generate a near-term correction in USD/CAD as the exchange rate tracks the price action from the third quarter.

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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...