In the final full trading week of 2019 the US Dollar is attempting to stage a reversal to further claw back prior December losses.
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Wednesday, 18 December 2019
Dow Jones, Crude Oil & More: Indices, Commodity Technical Outlook
In today's session, we discussed the outlook of various indices and commodities as the year quickly comes to a close.
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Gold Price Outlook: Looking to Push Higher After Recent Consolidation
Gold is trading sideways to marginally higher, supported by all three moving averages. A clean break could bring $1,500/oz+ back into play.
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Brexit Briefing: GBP/USD Stabilizes Despite Doubts About Trade Talks
Sterling has steadied in the foreign exchanges even though Brussels is warning that only a basic free trade agreement between the UK and the EU can be reached by the end of 2020.
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EUR/USD Outlook Murky Ahead of German IFO Data, EU-US Tension
The Euro may fall against the US Dollar and cause EUR/USD to retreat from key resistance if German IFO data and EU-US trade tensions spook regional traders.
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Tuesday, 17 December 2019
Crude Oil Prices Slip As US Stock Build Puts EIA Data In Urgent Focus
Crude oil prices were hit by yet another unexpected stock rebuild in the US even as investors hope that reduced supply will meet rising demand if a US-China trade deal can fly.
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Gold Price Forecast: RSI Foreshadows Change in Behavior
Developments in the RSI instill a constructive outlook for gold and foreshadow a potential change in market behavior as the oscillator breaks out a bearish formation.
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Copper Outlook Bullish as Trade Risks Abate, Boosts Commodities
Copper prices are hovering at seven-month highs amid easing US-China trade tensions, reviving market buoyancy and an appetite for risk-oriented commodities.
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British Pound, Australian Dollar Outlook Against Yen: Trader Bets
The Japanese Yen may fall against the British Pound but strengthen against the Australian Dollar based on preliminary signals in GBP/JPY and AUD/JPY via IG Client Sentiment.
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AUD/USD Forecast: Failure at 200-Day SMA Warns of Further Losses
AUD/USD extends the decline from the monthly high (0.6939) following the string of failed attempts to close above the 200-Day SMA (0.6906).
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USD Prices May Rise on Bullish Technical Hint. GBP, AUD, NZD Fall
The US Dollar on average had its best day since September, leaving behind a bullish technical signal on British Pound weakness. Risk aversion weakened sentiment-linked AUD and NZD.
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US Dollar Volatility Report: USD/CAD, GBP/USD, NZD/USD, USD/JPY
The US Dollar will likely take cue from counterpart price action – specifically USD/CAD, GBP/USD, NZD/USD and USD/JPY – considering economic event risk slated for Wednesday’s trading session.
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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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British Pound Price Outlook: GBP/USD Snaps Back to Support
GBP/USD ran into resistance at the 1.3500 level last week, and price action is now more than 300 pips off of the highs.
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EUR/USD Reversal at Resistance, AUD/USD Corrective Pattern; Charts & More
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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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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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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