Top Trade Idea 2020: Long NOKSEK – Seasonal Trends Remain Prominent

As has typically been the case over the past 5-years price action in NOK/SEK has been typically characterized by selling into the yearend before posting a notable rebound in Q1.

from DailyFX - Market News https://ift.tt/2sDNK0n
via IFTTT

AUD Forecast 1Q-2020: Australian Dollar Outlook Grim on Fed RBA Rates Path

The Australian Dollar steadied in the fourth quarter. The bellwether AUD/USD exchange rate settled into a choppy range after finding support at decade lows in early August as ebbing concerns about ...

from DailyFX - Market News https://ift.tt/2rG7EaC
via IFTTT

Top Trade Idea 2020: Short EUR/USD - Euro May Crumble as Dovish ECB, Political Risks Weigh

The Euro faces a challenging path forward in 2020. Regional economic growth remains at near-standstill, all but assuring a durably dovish ECB.

from DailyFX - Market News https://ift.tt/2rIIOXI
via IFTTT

Top Trade Idea 2020: Canadian Dollar 2020 Outlook, Yield Advantage Against AUD and NZD

My top trading opportunities in 2019 were going long the Canadian Dollar against currencies such as the Australian and New Zealand Dollars.

from DailyFX - Market News https://ift.tt/2tf5gYV
via IFTTT

Top Trade Idea 2020: Long European Equities on Fiscal Stimulus Prospects

In the twilight of 2019, the Eurozone economy saw its annual growth forecast slip to the lowest since 2013 after flirting with stagnation for months, but rounded out the year with a comfortably pos...

from DailyFX - Market News https://ift.tt/36hGWUM
via IFTTT

Top Trade Idea 2020: Short: EUR/NZD – Bearish Signals on the weekly chart

On Oct 18, uptrend move led EUR/NZD to a multi- year high at 1.7929. On Oct of this year the price rallied again. However, the pair has not been able to push towards the previous peak highlighting ...

from DailyFX - Market News https://ift.tt/35gbIw2
via IFTTT

Australian Dollar Forecast: AUD/USD Surges, but Rally Looks Overdone

The Australian Dollar added to recent gains as President Trump announced the United States and China will meet to sign the “Phase One” trade deal on January 15. Can AUD/USD extend higher still?

from DailyFX - Market News https://ift.tt/2Fd8wqg
via IFTTT

Top Trade Idea 2020: Long EUR/JPY – Chart Suggests a Bullish Set-up in the Making

My forex-pair to watch for a longer-term set-up in 2020 is long EUR/JPY with the charts currently suggesting that the heavy sell-off initiated at the start of 2018 is finally breaking down.

from DailyFX - Market News https://ift.tt/2SGzqPn
via IFTTT

Top Trade Idea 2020: Short EUR/GBP – Sterling to Rise as Brexit Uncertainty Fades After UK Election

The election of a clear majority government in the UK after years of Brexit deadlock won't make all the nation's considerable economic and social difficulties disappear but it does remove uncertain...

from DailyFX - Market News https://ift.tt/2SGtaXT
via IFTTT

US Dollar Gyrates after Consumer Confidence Miss

The Conference Board Consumer Confidence Index printed a reading of 126.5 for December, missing expectations of 128.2 as the short -term outlook for income and labor market conditions decrease

from DailyFX - Market News https://ift.tt/36coWLv
via IFTTT

Top Trade Idea 2020: Long Equities and USD/SEK, Then Short AUD/JPY on Political Risk

In 2020's adolescence, markets may continue to rejoice on ethereal optimism of improving fundamentals and US-China trade relations, but that may turn sour as the year progresses

from DailyFX - Market News https://ift.tt/35e6YHp
via IFTTT

GBP Forecast 1Q-2020: Sterling Eyes New Brexit Deadline

The final quarter of the decade for the Pound has been its best, with the currency gaining 6.6% against the US Dollar.

from DailyFX - Market News https://ift.tt/39sdKwu
via IFTTT

Top Trade Idea 2020: Global Recession? Take the Under: Long Crude Oil, Long CAD/JPY

One of the most popular calls in the second half of 2019 was that the global economy, led by the US, was moving towards a recession.

from DailyFX - Market News https://ift.tt/39rJGAV
via IFTTT

Top Trade Idea 2020: Short USD/JPY Below 6-Year Wedge

We start off this new trading year with an unmistakable speculative appetite that has pushed certain benchmarks of 'risk' - like the Dow and S&P 500 - to record highs.

from DailyFX - Market News https://ift.tt/37kAegQ
via IFTTT

Top Trade Idea 2020: Short AUD/USD, Ranging USD/CAD

The AUD/USD rebound following the 2019 currency market flash-crash has been capped by the 200-Day SMA (0.6909), with the exchange rate staging multiple failed attempts to break/close above the movi...

from DailyFX - Market News https://ift.tt/37q9uM9
via IFTTT

China-Sweden Tensions Flare Up: Another Trade War in 2020?

While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world.

from DailyFX - Market News https://ift.tt/2MY3xOT
via IFTTT

Crude Oil Prices Hold Close to 3-Month Highs On US-China Trade Hopes

Crude oil markets have been notably short of holiday season profit-taking which suggests that some investors see further upside as 2020 starts

from DailyFX - Market News https://ift.tt/39s9yN9
via IFTTT

Bullish AUD/USD Behavior to Persist as RSI Pushes Into Overbought Zone

Recent developments in the Relative Strength Index (RSI) cast a bullish outlook for AUD/USD as the oscillator pushes into overbought territory.

from DailyFX - Market News https://ift.tt/2ZFKei5
via IFTTT

Top Trade Idea 2020: USD/MXN Set Up for a Volatility Breakout; Good Omen for Dollar, FX Vol

USD/MXN is setting itself for a major breakout in volatility, and of course with it a large price moves once the breakout sorts itself out, clean or not.

from DailyFX - Market News https://ift.tt/2Q8xhdA
via IFTTT

Why Markets Will be Closely Watching US Housing Data in 2020

Housing data may be more heavily scrutinized in 2020 as softer global growth places more stress on the consumer to keep the American economy afloat.

from DailyFX - Market News https://ift.tt/2QaJtux
via IFTTT