The Indian Rupee 2020 outlook is bearish as India faces stagflation risk amid rising onion and crude oil prices. USD/INR may rise in the medium-term as the RBI defers hiking rates.
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Thursday, 9 January 2020
Gold Price Outlook Bearish: XAU/USD About to Faint?
Gold prices enjoyed an impressive rally following a break above key chart resistance, but recent price action suggests AUD/USD may succumb to vertigo.
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NZD/USD Trades Near Weekly Low Despite Looming US-China Trade Deal
NZD/USD remains under pressure despite hopes for a US-China trade deal, with the exchange rate at risk for further losses as the RSI falls back from overbought territory.
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US Dollar Price Gains as British Pound Falls, NZD/USD Rate to Rise?
The US Dollar gained against the New Zealand Dollar and British Pound as the BoE highlighted the debate over stimulus. Ahead, NZD/USD may rise as the anti-risk Japanese Yen weakens.
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Key NFP Charts to Analyze Ahead of the Big Day
Forecasting labor market strength in the United States remains a popular theme among investors and various tools, indexes, and surveys exist that could aid investors as they attempt to forecast the...
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New Zealand Dollar Forecast: NZD/USD, NZD/CAD, AUD/NZD
The New Zealand Dollar has fallen against many of the other major currencies in recent days as it encountered a series of technical barriers across different pairs. Will it continue lower?
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Nonfarm Payrolls (NFP) Drives the US Dollar & Currency Volatility
Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average currency vo...
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Euro Price Outlook: EUR/USD Reversal Approaches Technical Support
Euro plummeted nearly 1.3% off the late-December highs with price now targeting weekly uptrend support. Here are the levels that matter on the EUR/USD weekly chart.
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AUD/USD Selling Eases, GBP/USD Drops on Carney, CAD Eyes BoC's Poloz - US Market Open
GBP is among the laggards in the G10 complex following dovish comments by BoE's Carney. AUD /USD selling curbed by AUD/NZD jump, CAD looks to Poloz.
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US Dollar Charges Higher as GBP/USD Tests Key Support Zone
The US Dollar is continuing to claw back December losses following an ascending triangle breakout. GBP/USD is testing a key zone of chart support.
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Canadian Dollar Forecast: USD/CAD Risks Catapulting Higher as Reversal Unfolds
USD/CAD reversal unfolds with break above resistance to push pair towards 1.3100. Eyes on BoC Governor Poloz.
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EUR/USD Price Forecast: Support Levels Break as New Year Sell-Off Continues
EUR/USD bears are enjoying 2020 so far with the pair down around 150bps since the short-term 1.1240 high print on December 31. Ahead Friday, US NFPs loom large.
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GBP/USD Outlook Breaks Down on Dovish Carney, BoE Rate Cut Odds Jump
GBP/USD drops to session lows as Carney sparks repricing of near-term easing bets. January rate cut odds rise to 16% from 5%.
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AUD/USD Down, S&P/ASX 200 Up on RBA Interest Rate Cut Bets
Australian Dollar and S&P/ASX 200 stock index price action warns that investors are pining for RBA rate cuts amid worries about weakness in the local economy.
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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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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 -...