Thursday, 9 January 2020

USD/CNH Price Analysis - Breaking Lower as US-China Trade Deal Nears

USD/CNH hit a five-month low in early turnover as the Chinese Yuan continued to appreciate ahead of the signing next week of the phase one US-China trade deal.

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Brexit Briefing: Some Issues Could be Left Unresolved by Year-End

Sterling is modestly firmer in early European business Thursday even though a comprehensive trade deal between the EU and the UK by the end of this year is becoming increasingly unlikely.

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US Dollar Analysis: EUR/USD, AUD/USD, USD/JPY Ahead of Fed-Speak

The US Dollar may fall against its major counterparts ahead of key comments from Fed officials and easing Iran tensions. AUD/USD, USD/JPY and EUR/USD are all approaching critical junctures.

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Crude Oil Prices Inch Down On Hope US-Iran Escalation Can Be Avoided

Crude oil prices lost a bit of risk premium as investors were increasingly prepared to bet that full-scale war will be avoided between Iran and the United States.

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Wednesday, 8 January 2020

Gold Tests for Support as RSI Sits in Overbought Territory

The price of gold may test for support over the coming days as the Relative Strength Index (RSI) sits in overbought territory.

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Singapore Dollar Strength May Hold as Malaysian Ringgit Follows

The Singapore Dollar has more room to give before its strength against the US Dollar is at risk. Key resistance is maintaining the medium-term USD/MYR downtrend for now.

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Australian Dollar Edges Up As China CPI Levels Off, Iran Still Main Focus

The Australian Dollar inched up slightly as Chinese consumer prices were shown to have stopped accelerating in December, even as they remain elevated

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USD/CAD Forecast: RSI Offers Buy Signal Ahead of BoC Fireside Chat

USD/CAD may stage a larger rebound ahead of the fireside chat with BoC Governor Stephen Poloz as the RSI climbs above 30 and offers a textbook buy signal.

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Yen Saw False Breakout as USD/JPY Rose? Australian Dollar May Gain

The Japanese Yen fell as USD/JPY experienced a false breakout. Sentiment was bolstered as tensions between the United States and Iran receded. The Australian Dollar may rise ahead.

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US Dollar Hinges on Jobs Data & Fed Repos – USD Levels to Watch

The US Dollar is testing a key level of technical resistance as forex traders await employment data and updated details from the Fed on its repurchase agreement operations on deck for release.

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Silver Price Forecast: Can XAG/USD Avoid a Pullback?

Alongside gold, silver has rallied throughout December, enjoying its most recent boost from a drastic escalation in US and Iranian confrontations in the Middle East, but can it avoid a pullback?

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Stocks Soar After Trump Speech, Fed and Trade to Take Focus Next Week

Stocks soared near record levels after President Trump’s address to the nation regarding Iran’s missile attack on US bases in Iraq. With tensions cooling, stocks will shift their focus to the Fed a...

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EUR/USD Breaks Support, Risk of SNB Currency Intervention - US Market Open

Oil prices see brief spike on Iran retaliation. Euro breaks support, eyes on possible SNB currency intervention.

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US Dollar Rallies as Gold, Oil Give Back Gains

A quick rush of fear enveloped markets last night; but at this point, has been mostly priced-out as tensions have soothed. The US Dollar, however, has continued to gain.

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Dow Jones, DAX, Gold & More – Charts to Watch

Markets are reacting to further tensions in the Middle East, stocks are rebounding and generally bullish, while gold is on the reverse from around major long-term levels.

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Bitcoin (BTC) Price Analysis: Short-Term Warning Signal Flashes

Bitcoin’s latest surge has taken the cryptocurrency into heavily overbought territory, according to one technical indicator, which may limit further upside price action.

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Crude Oil Price Analysis: Iran Strikes Back, What Next from President Trump?

Crude oil prices and gold spike higher as Iran strikes back. Market attention now turns to the response from the US.

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Gold (XAU) Price Surge as Iran Attacks US Bases in Iraq

Gold broke through the $1,600 barrier, hitting a new multi-year high, after Iran launched a missile attack on US forces in Iraq, escalating tensions between the two further.

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Brexit Briefing: Talks Resume Between UK and EU, Sterling Stable

Brexit will be top of the agenda when UK Prime Minister Boris Johnson meets European Commission President Ursula von der Leyen in London Wednesday.

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Yen and Gold Sag as US-Iran Worries Ebb, But for How Long?

Japanese Yen and gold prices soared as Iran attacked US bases in Iran, then seesawed lower as markets shrugged off escalation risk. Is the shoot-out truly over?

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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...