Friday, 3 January 2020

USD/JPY Extends Losses on ISM Manufacturing Miss

The ISM Manufacturing Survey showed further contraction for December as the survey printed a reading of 47.2, missing expectations of 49.0 and sending the index into it’s 5th month of contraction

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USD/CAD Upside Capped, Crude Oil Spikes on US Airstrikes - US Market Open

Overnight, geopolitical tensions between the US and Iran had escalated dramatically after US airstrikes killed Iran’s top general at Baghdad airport.

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Strait of Hormuz: The World's Most Important Oil Chokepoint

With over a third of global seaborne crude oil and a fifth of oil traded worldwide flowing through the Strait of Hormuz, this narrow nautical channel may be the world’s most important chokepoint.

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Sterling Price Outlook: GBP/USD Rattled by USD Rally, Support Levels Near

Sterling (GBP) has given back some of its recent gains against the US dollar as the greenback gains a safety bid after tensions between the US and Iran near boiling point.

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Gold Prices Soar as US Airstrike on Iranian Military Leader Sparks Major Escalation in Tensions

Gold prices spike higher after major escalation in middle east tensions as US airstrikes key top Iranian Commander.

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Thursday, 2 January 2020

Crude Oil Prices Climb on US Airstrikes, Iran's Response in Focus

Crude oil prices were significantly stronger on news that US forces had killed a prominent Iranian leader in Baghdad. The response from Tehran is now in focus.

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Crude Oil Prices Up as US Strike Kills Iran Quds Force Leader

Crude oil prices shot higher and a worried tone settled across global financial markets after a top commander of Iran’s Revolutionary Guard was killed in a US airstrike.

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Swiss Franc Likely to Stay Strong Despite Best SNB Efforts

The Swiss Franc will remain investors’ lifeboat of choice even if the Swiss authorities, and indeed Swiss savers, might dearly like them to pick another one.

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US Dollar Prices May Reverse Higher as Japanese Yen Trims Gains

The US Dollar may turn higher against its major counterparts after its best day in over two weeks. Ahead, the anti-risk Japanese Yen may fall in still-illiquid trading conditions.

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New Zealand Dollar Forecast: Is NZD/USD Due for a Reversal Lower?

NZD/USD retreated on Thursday as risk appetite waned. After soaring from October’s lows, the New Zealand Dollar looks to take a breather at resistance, but will it stage a deeper reversal?

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US Dollar Price Outlook: USD Testing Uptrend Support into 2020 Open

A drop of more than 3.3% puts the US Dollar at multi-year uptrend support into the January open. Here are the levels that matter on the DXY weekly technical chart.

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Stock Market 2020 Forecast: Stocks Round Out 2019 at Record Levels, Where to Next?

The fourth quarter saw global equity markets roar high as some key headwinds were put on pause and investors seized the opportunity to bid stocks higher. Can they continue the rally in 2020?

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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?

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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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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...