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?
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Thursday, 2 January 2020
Canadian Dollar Outlook: USD/CAD Plummets into Support– Loonie Levels
The Canadian Dollar marked fresh yearly highs against the US Dollar into the close of 2019- price now at support. Here are the levels that matter on the USD/CAD charts.
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US Dollar Outlook: GBP/USD, AUD/USD, USD/CAD - US Market Open
US Dollar begins 2020 on the front foot, following its year-end drop. GBP/USD among underperformers, while AUD & NZD pulls back from overbought territory.
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Fed Monetary Policy Outlook in 2020: FOMC Voting Changes
2020 will see four regional Fed presidents rotate into voting spots, which will make for a slightly more dovish FOMC committee.
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Canadian Dollar Soars, Euro Sinks. Will 2020 See Fortunes Reverse?
The Canadian Dollar looks like this year’s major currency winner, with higher oil prices and tempting interest rates among its charms. They should serve it well into the New Year too.
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Wednesday, 1 January 2020
EUR/USD Rate Forecast: 2020 Opening Range in Focus
The 2020 opening range in focus for EUR/USD as the exchange rate carves a series of higher highs and lows.
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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.
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Gold Prices Hold Near 4-Month Highs Despite US-China Trade Hopes
Gold prices have shown no inclination to retreat significantly despite a broad rise in risk appetite. A weaker Dollar may be helping as investors bet US outperformance will wane.
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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...
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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 ...
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Australian Dollar Steady as China Caixin Manufacturing PMI Just Misses
The Australian Dollar didn’t have much to say either way on news that China’s private manufacturing sector still appears in better health than its state-linked counterpart.
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USD/CAD Rate Trades Below 1.3000 Ahead of FOMC Minutes
The bearish behavior in USD/CAD may persist ahead of the FOMC Minutes as the RSI dips into oversold territory for the first time since 2018.
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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.
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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...
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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
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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.
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Gold Forecast 1Q-2020: Shift in US Trade Policy Casts Bullish Outlook
The price of gold appears to be stuck in a narrow range after trading at its highest level since 2013, but the precious metal may continue to exhibit a bullish behavior in 2020 as market participan...
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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.
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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...
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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.
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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 -...