The British Pound may fall on a slew of manufacturing data amid ongoing Brexit uncertainty and the Bank of England’s chilling message from last week.
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Monday, 13 January 2020
Sunday, 12 January 2020
Crude Oil Prices Edge Up as US-China Trade Hopes Supplant Iran Worries
Crude oil prices managed very slight gains in the Asia session Monday, even as the Iran risk premium seems to be coming out of the market.
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Gold Price to Stage Larger Pullback on RSI Sell Signal
The price of gold may stage a larger pullback as the RSI struggles to hold in overbought territory, with the oscillator on the cusp of flashing a textbook sell-signal.
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Swedish Krona, Norwegian Krone May Rally on Trade War Optimism
Petroleum-linked Norwegian Krone and Swedish Krona may rise along with crude oil prices on US-China trade war optimism, though trouble in Europe and Asia may erase their gains.
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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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AUD/USD Rate Outlook Hinges on Details of US-China Trade Deal
The details surrounding the US-China trade deal may influence the near-term outlook AUD/USD if the agreement foreshadows less demand for Australian exports.
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AUD/USD, NZD/USD Gain. Japanese Yen May Rise as Week Gets Going
The Australian Dollar and New Zealand Dollar rose while USD fell following a rather disappointing non-farm payrolls report. The anti-risk Japanese Yen may climb as the week begins.
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Dow Jones, Nasdaq 100, DAX 30 Forecasts: Trade and Earnings to Headline
Last week global equity markets had to weather a tense geopolitical flare up between the United States and Iran. This week, the all too familiar US-China trade war will take center stage once more.
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Saturday, 11 January 2020
Gold Price Weekly Forecast: Is the Gold Price Break a False Alarm?
Gold prices rally to highest level since March 2013 on geopolitical concerns. Calming of tensions pares gold spike. Eyes on US-China phase 1 sign off.
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US Dollar Outlook Bullish on Trade Deal, Retail Sales Data
The US Dollar may rise if optimism on US-China trade relations and better-than-expected retail sales data deflates 2020 Fed rate cut bets.
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Friday, 10 January 2020
Crude Oil Weekly Forecast: Oil Price Needs Support, Eyes US-China Trade Deal
Next week’s signing of phase one of the US-China trade deal, on January 15, may underpin crude oil prices at current levels after this week’s sharp selloff.
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Australian Dollar May Gain If Global Focus Moves From Iran to Trade
The Australian Dollar saw sharp falls as US-Iran confrontation drained risk appetite. De-escalation could see some of these clawed back this week.
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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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Oil Price Forecast: Crude Searches for Support after Sliding 10%
Crude oil prices spiked to April 2019 highs on the back of elevated geopolitical risk in the Middle East earlier this week, but the commodity has since slid over 10% as tension simmers.
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New Year, Old Policies: Maintain the Path on Interest Rates - Central Bank Watch
G10 central banks appear to be ready to chart the same path that they followed as 2019 ended.
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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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Sterling Price Outlook: British Pound Sinks into Support– GBP Levels
British Pound is down nearly 1.8% since the start of 2020 with Sterling now eyeing multi-month uptrend support. Here are the levels that matter on the GBP/USD charts.
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USD/CAD Peels Back, US Dollar Falls on US, Canada Employment Reports
It's jobs day and both US and Canadian employment numbers were released to markets. While USD has been rather uneventful, USD/CAD remains of interest.
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US Dollar Drops as NFP Report Misses, USD/CAD Plunges
USD price action dropped to session lows after a worse-than-expected nonfarm payrolls report soured sentiment toward the US Dollar as job growth continues to slow.
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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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