Friday, 13 December 2019

US Dollar Breaking – GBP/USD, EUR/USD Charts for Next Week & More

In today's session, we discussed the precarious positioning of USD as the year nears an end, Cable's big jump on the election results and the Euro's upside potential.

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Crude Oil Price Analysis: Positive US-China Trade Talk Powers Rally

A positive technical outlook and news that the US and China have agreed a deal in principle sent oil surging with multi-month highs within touching distance.

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Sterling (GBP) Outlook Post-Election: GBP/USD and EUR/GBP Price Analysis

Sterling (GBP) powered higher after the UK Conservative party won a strong majority at the General Election. Will the market continue to rally, or does it need to consolidate before the next push h...

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Euro Stoxx 50 May Rally on UK Election, Retail Sales Data

Equities may climb higher early into the European and US session as both regions wake up to market-friendly exit polls on the UK election and progress on US-China trade talks.

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Crude Oil Prices Eye US-China Trade Deal Terms for Direction

Crude oil prices edged up as markets cheered the UK general election outcome and a nearly-there US-China trade deal, but technical cues continue to send warning signals.

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Thursday, 12 December 2019

GBP/USD Soars as Boris Johnson Wins Substantial Majority, What Happens Next?

GBP/USD Soars after Conservatives look set to win the largest majority since 1987. What next for the Pound?

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US Dollar, Rupee and Nifty 50 Outlook After Trade Deal, Indian CPI

The USD/INR may fall as the Nifty 50 rises after the US and China avoided tariff escalation and Indian CPI increased at its fastest pace since July 2016 amid on onion shortage.

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Swiss Franc Technical Analysis: AUD/CHF, NZD/CHF

Technical signals in NZD/CHF are hinting that upside momentum is fading and a bearish correction may be in the cards. AUD/CHF may retreat after testing formidable resistance.

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AUD/USD Rate Stages Key Test of 200-Day SMA Amid US-China Trade Deal

AUD/USD clears the October high (0.6930) as the US and China reach a trade deal, but failure to close above the 200-Day SMA (0.6910) may undermine the recent advance.

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USD/JPY, AUD/USD, NZD/USD Price Rally May Extend on Trade Deal

The rally in AUD/USD, NZD/USD and USD/JPY may prolong after the US-China trade deal and the UK Exit Poll induced a “risk-on” tilt in financial markets ahead of the APAC trading session.

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GBP/USD Spikes as Poll Project Large Election Win for Boris Johnson

GBP/USD has spiked higher by over 2% in reaction to the UK Exit Poll, which projects a larger than expected majority for the Conservative party of 368 seats.

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GBP/USD, GBP/JPY & EUR/GBP: Charts to Watch as Pound Volatility Soars

British Pound implied volatility derived from overnight forex options contracts are at extreme highs and leaves GBP price action at risk of experiencing violent swings amid heightened uncertainty.

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Australian Dollar Forecast: AUD/USD, AUD/JPY Surge on Potential Trade Deal

The pro-risk Australian Dollar spiked on Thursday following a series of positive developments in the US-China trade war that could see reduced tariffs, a potential windfall for the Aussie Dollar.

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Dow Jones Soars as US and China Agree to Trade Deal in Principle

The Dow Jones and Nasdaq 100 pressed to fresh levels on Thursday following headlines that the US and China may reach an agreement after all, as the two sides reportedly have a deal in principle.

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Japanese Yen Price Outlook: USD/JPY Breakout Levels- Resistance Ahead

The Dollar is ripping higher against the Yen with price eyeing monthly / yearly open resistance targets. Here are the levels that matter on the USD/JPY technical charts.

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Canadian Dollar Price Outlook: USD/CAD Re-Tests Monthly Low Post-FOMC

Global markets remain on the move amidst a bevy of drivers; but it's been a rollercoaster of a week for the Canadian Dollar and, in-turn, USD/CAD.

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Euro Stable as ECB Leaves Rates Unchanged, As Expected

The Governing Council of the European Central Bank has left all its key interest rates unchanged ahead of the maiden post-decision press conference by new ECB President Christine Lagarde.

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Gold price outlook: uptick post FOMC but investors remain wary of tariff developments

Gold prices saw some gains on Wednesday afternoon after the FOMC meeting but quickly retreated to continue their consolidation pattern ahead of trade war developments.

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Brexit Briefing: Voters Head to the Polls in UK General Election

Voting has begun in the UK General Election, with the polls due to close at 10pm local time and an exit poll due soon after.

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Gold Price Outlook May Turn Bullish If Key Chart Hurdle Falls

Gold prices may be back on offense after a three-month pullback if they manage to break critical chart resistance below the $1500/oz figure.

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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...