In today's session, we discussed a few key FX developments both shorter and longer-term; Euro coming off trend resistance, Aussie carving out corrective formation.
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Tuesday, 17 December 2019
Bitcoin (BTC) Price Analysis: Stuck to the Dominant Downtrend
Bitcoin trades back below $7,000 and remains glued to the downtrend started off the mid-year high. A break below $6,500 could see losses accelerate further.
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EUR/USD Technical Analysis - Euro Struggling to Break Higher
EUR/USD price action continues either side of the 200-day moving average while the last Friday's sell-off candle restricts further upside.
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Brexit Briefing: GBP/USD Eases on No-Deal Brexit Fears
Sterling is losing ground after UK Prime Minister Boris Johnson decided to add a clause to the Brexit Bill to stop any extension of UK-EU trade negotiations beyond the end of 2020.
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British Pound and FTSE 100 May Trim Gains on Brexit Woes
The selloff in the British Pound may echo into Europe’s trading hours and drag the benchmark FTSE 100 down with it as Brexit woes sap market confidence.
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Monday, 16 December 2019
Gold Prices Up Despite Risk Revival, US China Trade Hopes Lift Crude
Gold prices edged higher in a session which also saw strong gains for more pro-cyclical assets, suggesting that underlying haven bids aren’t being unwound despite trade optimism.
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The Singapore Dollar and MAS: What is SGD and How to Trade it?
The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.
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USD/CAD Analysis: Canadian Dollar Strength Abates Amid Delayed USMCA
The recent strength in the Canadian Dollar appears to be abating amid the ongoing delay in the United States-Mexico-Canada Agreement (USMCA).
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Australian Dollar Dips on Downbeat RBA Minutes, Jobs Data Up Next
The Australian Dollar wobbled just a little as the RBA said it was prepared to offer more stimulus and kept focus firmly on the labor market.
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British Pound, GBP/USD Outlook as No-Deal Brexit Fears Resurface
The British Pound fell on reports Boris Johnson sought to prevent a delay in Brexit during the transitional phase, raising prospects of a top in GBP/USD on bearish technical signals.
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US Dollar Outlook: GBP/USD, AUD/USD, USD/SEK – Levels to Watch
The US Dollar is gravitating around 5-month lows as the Fed floods the market with liquidity via reverse repo operations. Where is USD price action headed next?
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Nasdaq 100 Forecast: Can Semiconductors Lead the Index Higher?
The Nasdaq 100 soared to record levels on Monday as the December 15-tariff deadline was successfully postponed. With Micron earnings ahead, can semiconductors extend the Nasdaq’s rally?
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Market Cycles | Phases, Stages, and Common Characteristics
Markets have been cycling since the beginning of time and will continue to do so for as long as they exist; in this piece a blueprint is laid out for how these occur and signposts to watch.
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US December PMI Data Prints Near Expectations
This morning brought the release of US services and manufacturing PMI for the month of December to the tune of 52.2 and 52.5 v/s the expectations of 52.0 and 52.6, respectively.
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Weekly US Dollar Forecast: Calendar Winds Down into Year-End
The forex economic calendar will do little by way of helping the US Dollar in the last full week of the year.
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US Dollar: GBP/USD Rallies, USD/CAD Sells-Off as AUD/USD Builds Base
Last week was big for global markets and a number of major currencies put in notable moves as year-end looms.
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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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British Pound (GBP) Underpinned and Looking to Move Higher - Webinar
Sterling is off its best levels made at the end of last week but remains supported. In the equity space, the FSTE 100 and the FTSE 250 are powering ahead.
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Sterling (GBP) Price Outlook - Positive Sentiment But Don't Push Too Hard
Sterling remains better bid at the start of the week and is expected to push further higher, with little in the way of negative news to dampen the rally.
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British Pound May Fall on PMI Data, BoE Report, Brexit Talks
The British Pound may trim some of its recent post-election gains if the Bank of England’s financial stability report and PMI data spook markets. What’s next for Brexit?
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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 -...