The Canadian Dollar gained on a combination of rosy local CPI data and rising crude oil prices. The anti-risk Japanese Yen may look past the Bank of Japan in favor of market mood.
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Wednesday, 18 December 2019
NZD/USD Rises after Upbeat GDP Report Tampers RBNZ Cut Odds
New Zealand GDP printed at 2.3% on a year-over-year basis, meeting expectations and beating expectations on a Quarterly basis at 0.7%
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US Dollar Outlook: GBP/USD, AUD/USD, USD/MXN Set for Volatility
The US Dollar is on pace to extend its rebound attempt,but the retracement higher may prove to be short-lived if support-turned-resistance hinders further upside. Meanwhile, GBP/USD, AUD/USD & USD/...
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Stock Market Forecast: Russell, EM Breakout May Suggest Another Rally
The Russell 2000 and emerging market equities were largely left behind during recent stock rallies, until a US-China phase one trade deal opened the door higher for both stock baskets.
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Canadian Dollar Outlook: USD/CAD Breakout Imminent– Loonie Levels
The Canadian Dollar has carved out a well-defined weekly opening-range just above the November lows. Here are the levels that matter on the USD/CAD technical charts.
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Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch
All currencies are not the same; emerging market FX trades differently than developed market FX.
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US Dollar Attempts a Comeback: EUR/USD, GBP/USD Give Back Gains
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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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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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 -...