The Australian Dollar is vulnerable to volatility on the Fed and UK General Election after Chinese CPI data surprised higher. I discuss the technical outlook in AUD/USD and AUD/JPY.
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Monday, 9 December 2019
NZD/USD Rate Forecast: RSI on Cusp of Offering Textbook Sell Signal
NZD/USD pulls back from the monthly high (0.6576) and the RSI may offer a textbook sell-signal as the oscillator struggles to hold in overbought territory.
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Canadian Dollar Prices Focus on USMCA Deal Bets as AUD Declines
The Canadian Dollar rose as USMCA deal bets trimmed pessimism over last week’s dismal jobs report. This is as the Australian Dollar declined alongside the S&P 500 later in the day.
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UK General Election Preview: Everything You Need to Know
The UK election is expected to generate significant volatility for GBP/USD. As it stands, polls suggest a Conservative majority, which is expected to push GBP/USD higher.
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Bitcoin Price Forecast: Bulls Retreat as BTCUSD Threatens Breakdown
Bitcoin has continued higher after its brief stint beneath support, creating a series of higher lows that could suggest BTC is headed higher in the near term. Still, the broader outlook is concerning.
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Canadian Dollar Outlook: USD/CAD Bears Emerge, but Can they Drive?
The Dollar has pared a portion of the post-NFP rally against Loonie with price holding downtrend resistance. Here are the levels that matter on the USD/CAD weekly chart.
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US Dollar Returns to Resistance Ahead of CPI, FOMC
It could be a big week for the US Dollar with both CPI and FOMC on the radar. But will USD-bears be able to continue driving?
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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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GBP/USD Calm Before the Storm, EUR/USD Eyes Resistance - US Market Open
GBP/USD benefits from weekend opinion polls on election week. Euro becoming an attractive funding currency.
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Gold Price Holds Key Support Ahead of a Big Week for Global Markets
Gold prices softened with the Friday rally in the US Dollar; but the US currency will remain on center-stage this week around FOMC and CPI.
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EURUSD Forecast Top Risk Between Fed and ECB, Pound and AUDUSD Risk Volatility
There are a few, high-profile and high-potential themes meeting critical events or deadlines over the coming week. With events like the Fed and ECB rate decision as well as time tables for a UK ele...
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British Pound Rallies as Boris Johnson Remains in Poll Place - Webinar
It is starting to look likely that UK PM Boris Johnson will not only remain in No.10 but will also hold a working majority in the Houses of Parliament.
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Sterling (GBP) Analysis - GBP/USD Rally Continues on Latest Poll Boost
The latest UK opinion polls continue to show the Conservative Party gaining a working majority at Thursday’s election, pushing Sterling ever higher.
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Weekly Euro Forecast: December ECB Meeting Caps Off Quiet Year
Rates markets expect ECB interest rate policy to remain stagnant for several months. Overall, 2019 was a year to forget, producing the tightest six-month trading range in EUR/USD history.
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Euro, USD May Fall if Trade Wars Inspire ECB, Fed Rate Cuts
The Euro and US Dollar may fall if escalating US-China and EU-US trade war risks inflame ECB and Fed rate cut bets beyond this week’s rate decisions from both central banks.
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Sunday, 8 December 2019
Crude Oil Prices May Retreat Before FOMC, UK Election
Crude oil prices may pull back after hitting a seven-week high as markets position for the FOMC rate decision and the UK general election.
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Gold Price Continues to Test for Support Ahead of FOMC Meeting
The price of gold may continue to test for support ahead of the FOMC meeting as the US Non-Farm Payrolls (NFP) report encourages traders to boost their appetite for risk.
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US Dollar Outlook Bullish on SGD, PHP, MYR, INR. Trade Wars Heat Up
After a dismal week for the US Dollar, SGD, PHP, IDR and MYR turn their focus to the Federal Reserve. USD/PHP is also awaiting the BSP rate decision as USD/INR eyes Indian CPI data.
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British Pound, USD, NOK May Rise on FOMC, ECB and UK Election
The US Dollar may rise on the FOMC rate decision, while the British Pound, Swedish Krona and Norwegian Krone may gain on the UK election and ECB outlook.
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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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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 -...