Wednesday, 22 January 2020

AUD/USD, AUD/JPY & AUD/CAD: Australian Dollar Turns to Jobs Data

Expected currency volatility in the Australian Dollar is spiking ahead of the upcoming release of Australia employment data with AUD price outlook hinging largely on the latest labour force report.

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Crude Oil Price Outlook: WTI Falters, Can Support Rescue Price?

Crude oil suffered another string of declines this week as it clings to trendline support and the 200DMA. While it has buoyed price for now, it may only delay the inevitable break.

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Sterling Price Outlook: British Pound Breakout Trade- GBP/USD Levels

Sterling surged 1.4% against the Dollar off the monthly lows with the rally breaking the December downtrend. Here are the levels that matter on the GBP/USD charts.

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New Zealand Dollar Price Outlook: Kiwi Nears Support- Bears Beware

New Zealand Dollar is off more than 2.4% from the December highs with Kiwi now targeting confluence support. Here are the levels that matter on the NZD/USD weekly chart.

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Canadian Dollar Outlook Deteriorates after January BOC Rate Decision

A stark change in tone from the BOC from just earlier this month caught traders by surprise, sending the Canadian Dollar tumbling across the board.

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GBP/USD Breaking Out, EUR/USD Muted as Italian Fears Resurface - US Market Open

GBP/USD back on the rise as post-election data quells rate cut expectations. EUR/USD fails to find boost as Italian fears resurface. CAD looks to BoC

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Euro Price Outlook: EUR/USD Tests Support, ECB on Deck

Euro and USD markets are quiet; but traders should look to avoid being lulled to sleep by a lack of vol as a change at the ECB can bring big impact.

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Nasdaq 100, DAX, Oil & More – Charts to Watch

The NDX is in full-on bull mode, but is the end nearing? DAX working on record highs, while oil is looking to break support.

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EUR/USD Price Analysis: Fresh One-Month Low as 2020 Downtrend Continues

EUR/USD continues to slip lower with the charts now looking technically weak. Thursday’s ECB meeting and Friday’s EZ and German PMIs may be the guide to whether this weakness will continue.

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Canadian Dollar Price: USD/CAD Primed for Range Breakout - BoC and CPI Ahead

The Canadian dollar is set up for a busy session with the Bank of Canada rate decision and the latest inflation release both out later in the session. Will it be enough to break the recent USD/CAD ...

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British Pound (GBP) Latest: GBP/USD Testing Resistance

GBP/USD is testing trendline resistance at the upper boundary of a triangle chart pattern as Johnson is defeated again in the House of Lords on Brexit.

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Euro Under Dark Clouds as Trump Threatens Auto Tariffs

The Euro may continue to fall against its major counterparts if the specter of a reignited EU-US trade war haunts the currency after Trump threatened auto tariffs.

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Tuesday, 21 January 2020

Gold Prices Slip As Risk Appetite Holds Up Despite Coronavirus Fears

Gold prices were lower in Asia on Tuesday as stock markets and the US Dollar broadly held up despite the ongoing spread of coronavirus out of China .

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AUD/USD Weakness to Persist as Bullish RSI Formations Falter

Recent developments in the Relative Strength Index (RSI) instills a bearish outlook for AUD/USD as the oscillator snaps the upwards trends carried over from 2019.

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Canadian Dollar, Australian Dollar Outlook: Positioning Hints Lower

The Canadian Dollar and Australian Dollar outlook may favor the downside based on positioning signals. This is as USD/CAD faces the BoC while AUD/USD awaits Australia’s jobs report.

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Crude Oil, Natural Gas Prices Part Ways. What Does This Mean?

The current astonishing price difference between crude oil and natural gas may tell us much less about global growth prospects than you might think.

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Japanese Yen, Gold Prices May Retreat on Davos Forum

The Japanese Yen and gold prices may fall if commentary from the forum in Davos pressures haven-linked and anti-fiat-hedging assets. However, fear over the coronavirus may counterbalance losses.

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NZD/USD Rate to Recoup Losses on Strong New Zealand CPI

An uptick in New Zealand’s Consumer Price Index (CPI) may curb the recent decline in NZD/USD as it encourages the RBNZ to retain the current policy.

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GBP/USD Rate May Rise, Yen Gains as China Virus Sinks Stocks

The British Pound may extend its rally after an upbeat UK jobs report on GBP/USD technical signals. The anti-risk Japanese Yen rose as the China virus sunk stocks around the world.

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Dow Jones, Nasdaq 100, S&P 500 Outlook: Boeing, Netflix Drag on Stocks

The S&P 500, Dow Jones and Nasdaq slipped lower on Tuesday as risk aversion took hold and Boeing plummeted. Meanwhile, Netflix missed on earnings, how will the Nasdaq 100 react?

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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...