The US Dollar may rise if the FOMC re-affirms its data-dependent approach and cools 2020 rate cut bets. US retail sales and CPI data may also give the Fed impetus to hold rates.
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Saturday, 7 December 2019
Friday, 6 December 2019
Oil Price Outlook Hinges on US Trade Policy Following OPEC Meeting
The price of oil extends the advance from the October low as OPEC and its allies pledge to take additional steps to balance the energy market.
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Australian Dollar Faces Global Risks: US-China Trade, UK Vote, Fed
The Australian Dollar was focused on its home country in the past week, but that is likely to change sharply in the days ahead with major global risk events coming up.
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US Dollar Outlook: Fed Meeting in Focus as Tariff Deadline Looms
US Dollar outlook hinges on guidance from the Fed and President Trump’s decision on whether or not to move forward with levying the Dec 15 tariff tranche on Chinese imports.
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Stock Market December Forecast: Trade War Headlines to Stoke Volatility
The stock market outlook for December is highly contingent on trade war developments, but history suggests the month is no stranger to volatility regardless of the event risk at hand.
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Consumer Sentiment Beat Adds to NFP Enthusiasm in Markets
The University of Michigan consumer sentiment report printed 99.2 for December and beat expectations of 97.0 which exacerbated market enthusiasm sparked by this morning's stellar NFP report.
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US Dollar After NFP: GBP/USD, USD/CAD Testing Key Chart Levels
This morning's blowout NFP report squeezed USD bears. Is this but a blip in a bearish radar or the start of a whole new trend?
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Canadian Dollar Crushed on Weak Employment Data - USD/CAD Soars
Canadian Dollar drops on the back of weaker than expected jobs data, in which the employment change fell 71.2k vs. Exp. 10k increase, while the unemployment rate rose to 5.9%
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US Dollar Soars as Firm Jobs Report Underscores Less Dovish Fed
The US Dollar is ripping higher after November change nonfarm payrolls crossed the wires at 266K which crushed the median consensus of 180K.
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US Dollar, NZD/USD, AUD/JPY & More: Charts for Next Week
In today's session, we discussed the outlook for the US Dollar and several currency pairs including, but not limited to, Kiwi and Aussie-Yen.
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EUR/USD: US Dollar Volatility Elevated Around Nonfarm Payrolls
Forex traders should expect volatility in the US Dollar considering the average range in spot EUR/USD prices is 9x greater on days when nonfarm payrolls (NFP) data is released compared to any other...
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Sterling - GBP/USD Rally Simmers at Multi-Month High, US Non-Farm Payrolls Ahead
The recent rally in GBP/USD, driven by Sterling strength and US dollar weakness, is now on hold but further movement may be on the cards later today with the release of the latest US non-farm payro...
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US Dollar Outlook Bullish on Jobs Data Despite Trade War Risks
The US Dollar may rise if a cascade of employment statistics shows strong job creation and cools the urgency for 2020 Fed rate cuts in spite of mounting US-China trade tensions
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Thursday, 5 December 2019
Crude Oil Prces Slip as Markets Look To OPEC+, US Payrolls Data
Crude oil prices edged back a little as OPEC agreed to more production cuts and the market awaited ratification. Gold was steady as US labor numbers approached.
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US Dollar Outlook: USD/INR Rate May Gain After RBI Shocked Markets
The Indian Rupee soared after the Reserve Bank of India surprised with a rate hold. USD/INR may climb as support reinstates the uptrend ahead of Indian CPI and global trade tensions.
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British Pound Outlook Bullish Ahead of BBC Debate, UK Election
The British Pound may rise following the BBC debate between Prime Minister Boris Johnson and Leader of the Opposition Jeremy Corbyn ahead of the UK election on December 12.
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USD/CAD Rate Forecast: Monthly Opening Range Warns of Further Losses
The monthly opening range casts a bearish outlook for USD/CAD as the exchange rate snaps the range-bound price action from the last week of November.
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US Dollar Drop Eyes Support as the Euro and British Pound Rise
The US Dollar eyes its worst week since October as the Euro and British Pound rose. Treasury bills saw their lowest yield since 2018, likely reflecting US-China trade deal skepticism.
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US Dollar Volatility Due to Rise with Jobs Data & Fed on Deck
The US Dollar has succumbed to an influx of risk appetite driven by hopes for a partial US-China trade deal, but another robust nonfarm payrolls (NFP) report could send the Greenback higher.
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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...