The British Pound’s descent may prolong, reversing the dominant uptrend in GBP/USD. Ahead, the pro-risk New Zealand Dollar may rise as the anti-risk Japanese Yen weakens.
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Thursday, 19 December 2019
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 Drops to Support, Will it Breakout?
The Canadian Dollar surged against its southern neighbor in December after encountering resistance around 1.3350. Falling to longstanding trendline support, will USD/CAD breakout in 2020?
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75 Years Later, The Lessons of Bretton Woods Have Been Forgotten
The 75th anniversary of the Bretton Woods conference was at the end of July, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.
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AUD/USD Bounces Back, GBP/USD Selling Persists - US Market Open
RBA given room to breathe on Australian Jobs data, post-election GBP/USD selling shows little signs of reversing.
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GBPUSD whipsaws as MPC leave rates unchanged and signal economic recovery
GBPUSD attempts a recovery but fails to push higher as the pair continues its sideways trend going into the end of the year.
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Sweden's Riksbank Raises Interest Rates: EUR/SEK Downtrend Remains Intact
The Swedish central bank has lifted interest rates out of negative territory for the first time in nearly five years.
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Brexit Briefing: EU Warning, Queen's Speech, Bank of England and GBP
Sterling continues to hold its ground after an EU warning that a no-deal Brexit would hurt the UK more than the EU; coming up, the Queen’s Speech and a central bank rate decision are unlikely to mo...
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Stocks May Turn Defensive with US Presidential Election Eyed
Global stocks may turn defensive as the calendar turns to 2020 and financial markets turn their attention to the outcome of the US presidential election.
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GBP, SEK, NOK Brace for BoE, Norges Bank and Riksbank Rate Decisions
The BoE, Norges Bank and Riksbank are all announcing their rate decisions, but British Pound, Swedish Krona and Norwegian Krone traders primarily have their eye on one – and it’s not what you think.
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Wednesday, 18 December 2019
NZD/USD Correction Unravels as RSI Falls Back from Overbought Zone
Recent developments in the Relative Strength Index (RSI) warn of further losses in NZD/USD as the oscillator falls back from overbought territory.
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Gold Prices Gain as Trump Impeachment Takes Over From Trade Worries
Gold prices maintained their bid on news that the US President will become only the third office holder to face trial in the Senate.
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EUR/USD Rate Forecast: RSI Offers Bearish Signal
EUR/USD carves a fresh series of lower highs and lows, with the RSI offering a bearish signal as the oscillator snaps the upward trend carried over from November.
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Australian Dollar Gains. Job Creation Returns to Health, Smashes Forecasts
The Australian Dollar got a boost as November's employment data came surging back to form. The RBA is closely watching this series, strength here may make lower rates less likely.
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Canadian Dollar Rose With Crude Oil Prices, Will Yen Look Past BoJ?
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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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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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 -...