Friday, 7 February 2020

British Pound (GBP) Latest: GBP/USD Eyes US NFPS; Post-Brexit Tariffs to be Slashed?

Sterling (GBP) remains against a resurgent US dollar and trades around support as Europe opens. This afternoon’s US Labor Report (NFP) is Friday’s focal point.

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Thursday, 6 February 2020

US Dollar Outlook Bullish Ahead of Market-Moving Jobs Data

The US Dollar may continue rising along the January uptrend if US nonfarm payrolls data reports a better-than-expected print after the prior sent a chill down the spines of investors.

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Gold Prices Down as Markets Eye Virus Headlines, US Payrolls

Gold is well supported at elevated levels but it inched down on Friday in Asia as the markets looked with hope to upcoming US jobless data.

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The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.

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XPD/USD Heading for Correction as XAG/USD Aims to Breakout?

Palladium prices may on the verge of a bearish correction as the precious metal tests critical support with XAG/USD in the early stages of what could be a bullish breakout.

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Canadian Dollar Gains as Crude Oil Prices Look Past OPEC+ Cut Bets

The Canadian Dollar rose as crude oil prices looked past OPEC+ output cut recommendations, focusing on development in the TSX. Ahead, the Australian Dollar eyes Chinese trade data.

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US Dollar Forecast: NFP Report & FOMC in Focus – USD Trade Levels

The US Dollar has staged an impressive rally year-to-date, but USD price action is at risk with the monthly NFP report on deck for release as it can materially sway FOMC monetary policy expectations.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Resistance Looms at Record Levels

The Dow Jones, Nasdaq 100 and S&P 500 have undergone considerable volatility as of late, but a quick reversal in risk appetite has allowed them to reclaim much of their losses.

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NFP: Nonfarm Payrolls 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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Canadian Dollar Price Outlook: USD/CAD Bulls Targeting Trend Extremes

Canadian Dollar is poised to fall for a fifth consecutive week with USD/CAD eyeing key resistance targets. Here are the levels that matter on the Loonie weekly chart.

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US Dollar Returns to Resistance, NFP on Deck: EUR/USD, USD/JPY

US Dollar bulls have come back to the table this week, and tomorrow brings the big one in Non-Farm Payrolls.

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Crude Oil Picks Up, Euro Nears Important Support, Equities Remain Bouyant - US Market Open

A quiet session so far with crude oil picking up from its recent one-year low, EUR/USD trending lower on poor data, while indices continue to push ahead.

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European Stocks Outlook: Trending Higher on Trade and Virus Hopes

Continental Europe’s main stock market indexes, including the DAX and the CAC, are advancing strongly on hopes of a coronavirus breakthrough and news China will halve tariffs on some US imports.

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EUR/USD Price Analysis: Treading on Thin Ice After Dismal German Data

The Euro remains weak after the latest German factory orders data slump, highlighting the ongoing weakness in the Euro-Zone’s largest economy.

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British Pound (GBP) Latest: Watch Out For The Valentine's Day Massacre

For Sterling traders, an important date to note in the diary is February 14, when UK Prime Minister Boris Johnson is expected to reshuffle his senior ministers post Brexit.

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Euro Slide vs USD May Continue Ahead of German Factory Orders

The Euro may continue to fall against the US Dollar if German factory orders data echoes the same weakness seen in yesterday’s retail sales statistics and amplifies EUR/USD losses.

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Wednesday, 5 February 2020

Crude Oil Prices Up as China Pledges to Lift Some US Import Tariffs

Crude oil prices were boosted by the surprise news that China plans to life barriers against a range of US goods this month.

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AUD/USD Analysis: Post RBA Rebound Brings RSI Back from Oversold Zone

AUD/USD may extend the series of higher highs and lows from earlier this week as the Relative Strength Index (RSI) bounces back from oversold territory.

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Gold Prices, S&P 500, DAX Index at Critical Turning Points

Gold prices, the S&P 500 and the German DAX equity index are all at critical price intersections, the outcome of which may precede aggressive liquidation or a buying frenzy.

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Gold Price Susceptible to Larger Pullback as Bullish Momentum Abates

The price of gold may struggle to retain the advance from the start of the year as the bullish momentum abates.

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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...