Crude oil prices had done well last week as trade and Brexit risks appeared to recede. However, a lack of detail in US-China talks has investors fretting that progress may be less significant than ...
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Sunday, 15 December 2019
AUD/USD Fails to Close Above 200-Day SMA Despite US-China Trade Deal
The failed attempt to close above the 200-Day SMA (0.6909) undermines the recent advance in AUD/USD amid the historical tendency around the moving average.
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World's Oldest Central Bank to Exit Negative Rate Policy First
The Riksbank – the world’s oldest central bank - will exit its negative interest rate policy for the first time in known history as officials explore uncharted territory with unknown consequences.
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Indonesian Rupiah, Malaysian Ringgit May Rise on US-China Deal
The Indonesian Rupiah, Malaysian Ringgit, Philippine Peso and Singapore Dollar may continue their rise against the US Dollar on global optimism amid a US-China trade deal.
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Gold Price Holds Support Zone as Trump Negotiates Phase Two Trade Deal
The ongoing shift in US trade policy may continue to sway the price of gold as the Trump administration “will begin negotiations on the Phase Two Deal immediately.”
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Australian Dollar Spikes as China Retail, Industrial Figures Beat Forecasts
The Australian Dollar had been in retreat as US-China trade optimism was tempered, but it gained on stronger numbers out of the world's second-largest economy.
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Australian Dollar and New Zealand Dollar Outlook as Week Begins
The Australian and New Zealand Dollars trimmed their gains as optimism on the US-China “phase one” trade deal faded. NZD/USD is at risk to turning lower on signs of technical indecision.
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Dow, Pound and Aussie Dollar Test Post Trade War, Election Breakouts
This past week showed a remarkable amount of volatility given the general market conditions and being so late in the season. Will a trade war breakthrough and UK election result that thaws the Brex...
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Dow Jones, DAX 30, FTSE 100 Forecasts: Major Risks Are Removed
Stocks enjoyed a broad removal of risk last week as the US and China seemingly reached a phase one trade deal while the UK general election saw conservatives gain an outright majority. What’s next?
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Saturday, 14 December 2019
Sterling (GBP) Weekly Forecast - Short-Term Opportunities Opening Up
The UK population voted the Conservative government back in with a strong majority, giving PM Johnson the backing to push Brexit through. And Sterling (GBP) likes it.
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Euro Outlook May Darken on Slow Growth, Dovish ECB
The Euro may fall as the EU-US trade spat hurts already sluggish economic growth, locking in an ultra-dovish ECB stance and cementing its yield disadvantage.
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Gold Price Outlook Bearish on Easing Trade Tensions, GDP Data
Gold prices may suffer if better-than-expected US economic data and progress on US-China trade negotiations cool 2020 Fed rate cuts and alleviate demand for anti-fiat hedges.
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Friday, 13 December 2019
Oil Price Outlook Mired by Sticky US Crude Output
The price of oil preserves the advance following the OPEC meeting as the US and China, the two largest consumers of crude, reach a trade deal.
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US Dollar Outlook: FX Volatility Rising from Extreme Lows – USD Levels to Watch
Currency volatility is showing signs of resuscitating as the US Dollar Index breaks down to its lowest level since July despite the FOMC confirming its shift from dovish to neutral on rates.
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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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Dow Jones & DAX 30 Outlook: German Stocks to Close the Gap?
The Dow Jones and DAX 30 both enjoyed a boost from positive trade headlines this week, but new ECB policy and Brexit clarity could see the DAX 30 outperform US equities in the weeks to come.
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Euro Forecast: Reversals Gather Pace in EUR/JPY, EUR/USD
After the December ECB meeting and the UK general election, the EUR-crosses are giving up their gains.
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Canadian Dollar Outlook: USD/CAD Slides into Support– Loonie Trade Levels
The Canadian Dollar is firmer on the week against with price testing confluence support on Friday. Here are the levels that matter on the USD/CAD technical charts.
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Dow Jones Surges, Yuan Spikes as China Confirms Trade Deal with US
Stocks in the Dow Jones and S&P 500 are soaring alongside the Chinese Yuan as Beijing confirms trade negotiators have reached a partial deal in text with Washington and cancelation of Dec 15 tariffs.
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US Dollar Falls to Five-Month-Lows as GBP/USD, EUR/USD Break Out
The past 24 hours have produced some notable moves across the FX-space, setting the tables for what looks to be an eventful backdrop in 2020.
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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 -...