Tuesday, 10 December 2019

Euro Price Outlook: EUR/USD Battle Lines Drawn ahead of FOMC

Euro reversed off confluence resistance last week with the recent recovery again eyeing this zone. Here are the levels that matter on the EUR/USD technical price charts.

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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten

The 75th anniversary of the Bretton Woods conference was at the end of July, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.

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GBP/USD Eyes Final MRP Poll, South African Rand (ZAR) Collapses - US Market Open

GBP/USD shrugs off weak UK data as focus remains on YouGov MRP poll. South African Rand collapses on Eskom concerns.

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US Dollar Primed for CPI, FOMC as GBP/USD Rally Continues

Tomorrow is big for global markets and as a focal point, the US Dollar. The devil is in the details as the Fed is expected to hold policy, but what else might they say?

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Market Sentiment Stable as Trade Deadline Nears | Webinar

Market confidence is a little weaker than it has been recently as the December 15 deadline for new US tariffs on Chinese imports draws closer but as yet there have been no large risk-off moves.

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US Dollar Charts – Euro, Pound, Silver Outlook & More

In today's session, we looked at a few USD charts as the Greenback looks towards support, as well as precious metals.

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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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Gold Prices May Rise as Markets Eye Fed, UK Vote, US Tariffs

Gold prices may rise while bond yields fall as markets turn defensive before the FOMC rate decision, the UK general election and a planned US tariff hike.

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Brexit Briefing: Nigel Farage's Election Strategy Backfires

The UK General Election campaign of Nigel Farage, the leader of the Brexit Party, is spluttering as Prime Minister Boris Johnson continues to repeat his mantra: Get Brexit Done.

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Gold Price Nudging Slowly Higher, Silver Outlook Supportive Ahead of Risk

Gold continues to nudge higher off its recent four-month low and is attempting to break a noted technical resistance level. Silver continues to respect support after its recent sell-off.

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British Pound May Fall on Industrial Data Ahead of UK Election

The British Pound may suffer heading into the UK election if local industrial and GDP data inflame BoE rate cut bets ahead of the UK election.

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Monday, 9 December 2019

USD/CAD Forecast: Post NFP Rebound Unravels Amid Hopes for USMCA

USD/CAD pares the advance following the US Non-Farm Payrolls (NFP) as Congress appears to be on track to pass the United States-Mexico-Canada Agreement (USMCA).

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US Dollar, London Increase Currency Market Dominance, Yuan Stagnates

The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever.

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Australian Dollar Outlook in AUD/USD, AUD/JPY After China CPI

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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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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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...