Friday, 10 January 2020

DAX Weekly Forecast: Germany's DAX Chasing Record High

Relief rally in the DAX 30 pushes the index towards its record peak. Eyes on US and China signing Phase 1 trade deal.

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EUR/USD Price Forecast: Sell-Off Continues as US NFPs Loom Large

EUR/USD sellers remain in control and the pair are currently struggling to break above 1.1100. US NFPs are released this afternoon and will drive price action into the weekend.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch

Australian Dollar supported on firm retail sales. AUD/USD consolidates following recent reversal.

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US Dollar May Rise if Jobs Data Cools Fed Rate Cut Bets

The US Dollar may continue its ascent if nonfarm payrolls data comes in stronger-than expected and cools 2020 Fed rate cut bets.

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Gold Prices Slip Back as Risk Appetite Endures, US Payrolls Eyed Next

Gold prices edged still lower as markets remain confident that they've seen the worst of US-Iran relations for now. Focus is returning to trade, with some optimism clearly evident.

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Thursday, 9 January 2020

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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Rupee 2020 Outlook: India Stagflation Risk May Boost USD/INR Rate

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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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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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...