AUD/USD Rate Outlook Mired by Textbook RSI Sell Signal

AUD/USD snaps the series of higher highs and lows from the end of December, with the RSI flashing a textbook sell signal as it falls back from overbought territory.

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Dollar May Rise Versus SGD, PHP as US-Iran Spat Risks Capital Flight

The US Dollar outlook is bullish versus the Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit as US-Iran tensions and soft data risk fueling capital flight.

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Gold Price Clears 2019 High & Triggers Overbought RSI Reading

The price of gold may exhibit a more bullish behavior over the coming days as the Relative Strength Index (RSI) sits in overbought territory.

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Australian Dollar Down On China Caixin Service PMI Miss, Iran in Focus

The Australian Dollar was already heading lower before the release of disappointing service sector data out of China. US-Iran tensions are fueling a broader collapse in risk appetite as 2020 trade ...

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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.

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US Dollar, Crude Oil Prices May Rally on US-Iran Escalation Risk

The US Dollar, Japanese Yen and crude oil prices may rally at the beginning of the week. Rising geopolitical tensions between the United States and Iran may keep investors on the edge.

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S&P 500 Retreats Record, Gold and Oil Accelerate, Dollar Avoids Breakdown: What’s Ahead?

Though only a few days into the new trading year, there is already a remarkable level of volatility showing through in the global markets. Volatility has been leveraged by low liquidity but externa...

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Dow Jones & DAX 30 Forecasts for the Week Ahead

A flare-up in US-Iran tensions saw risk aversion spike on Friday as investors assessed the potential for a wider conflict. Will geopolitics erode the Dow Jones and DAX 30 further?

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GBP/USD Weekly Forecast: Transition Period Rhetoric Key to Sterling Outlook

Pound trades on the defensive to begin the year as UK data remains soft. Next Week will see US NFP in focus, while UK PM Johnson meets Von Der Leyen.

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Gold (XAU) Weekly Forecast: Gold Price Surges as US-Iran War Drums Begin to Beat

Diplomatic relations between the US and Iran have deteriorated rapidly and any further escalation of military action between the two will drive further demand for safe-haven assets.

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US Dollar Outlook Brighter in New Year After Late-2019 Drop

The US Dollar may return to the offensive as 2020 gets underway after a selloff in the final months of last year brought the currency to an eight-month low.

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Australian Dollar Rides High on Trade Hopes But Watch Geopolitics

The Australian Dollar has gained sharply on a broad improvement in global risk appetite. That seems unlikely to be derailed this week, but watch events in the Middle East closely

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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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Bitcoin Price Forecast 2020: BTC/USD Lacks Bullish Sentiment, For Now

After surging more than 260% in the first six months of 2019, Bitcoin will end the year in a relatively disappointing fashion. Can BTC/USD regain its charm in 2020, or will it fall further?

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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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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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