EUR/USD attempts to retrace the decline from earlier this week, but recent developments in the Relative Strength Index (RSI) casts a bearish outlook for the exchange rate.
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Wednesday, 14 November 2018
Brexit Latest: British Pound Recovers as UK PM May Announces Deal
UK Prime Minister Theresa May and her cabinet have agreed to a Brexit deal with the European Union. The Brexit saga isn’t over yet, though.
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Gold Prices Risk Larger Rebound as Bullish Sequence Unravels
Gold prices may continue to consolidate over the remainder of the week as the recent series of lower highs & lows snap ahead of the October-low ($1183).
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NZD/USD Price Outlook: Kiwi Rally Approaching Breakout Targets
A breach above multi-month downtrend resistance has Kiwi testing fresh three-month highs. Here are the targets & invalidation levels that matter on the NZD/USD charts.
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GBP/USD in Focus as Brexit Grabs Attention; USD Pullback Continues
It's a big day in the UK, and the British Pound is in focus as Theresa May pitches a proposed deal to her cabinet. Meanwhile, a potential bull trap remains in the US Dollar.
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EUR Resilient Despite German Slowdown, OPEC Inspires Oil Bounce - US Market Open
Volatility is here to stay for the Pound with headline risk remaining elevated. EUR dismisses German GDP contraction, while timely OPEC sources lift oil prices.
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US Dollar Losses Hit Pause after October CPI; Focus Remains on Brexit
The DXY Index is off the lows, and rates markets are continuing to price in December for another rate hike from the Fed.
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Bitcoin Cash Hard Fork Causing Market Ripples | Webinar
The cryptocurrency market has lost round $12 billion week-on-week with part of the losses stemming from a sell-off in Bitcoin Cash (BCH).
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Uptick in U.S. Consumer Price Index (CPI) to Curb EUR/USD Rebound
Updates to the U.S. Consumer Price Index (CPI) may undermine the recent rebound in EUR/USD as the headline reading for inflation is expected to climb 2.5% in October.
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S&P 500 & FTSE 100 Outlook: Crucial Supports Curbs Further Losses For Now
The FTSE 100 rides the Brexit storm, while cyclical stock underperformance relative to defensive stocks suggests further downside for the S&P 500.
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Crude Oil Analysis: Oil Bounces on OPEC Verbal Intervention, However, Oil Glut is Coming
Oil prices have extended its record losing run, having dropped for a 12th consecutive session with yesterday seeing the biggest price decline (Over 7%) since 2014.
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Eurozone Debt Crisis: How to Trade Future Disasters
If there is to be another Eurozone sovereign debt crisis, trading it will be difficult. However, the crisis that began in 2009 provides plenty of pointers on how to survive it and potentially even thrive from it.
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EURUSD Analysis: Negative German Growth, Italy Sticks to its Budget Plan
EURUSD weakness is likely to continue after the latest German GDP report shows the Euro-Zones largest economy contracting, while Italy sticks stubbornly to its original budget plan.
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Pound, Euro May Overlook UK CPI and EZ GDP with Politics in Focus
The British Pound and the Euro may overlook UK CPI and Eurozone GDP data with a fragile Brexit deal as well as political turmoil in Italy and Sweden in focus.
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Brexit Latest: Deal or No Deal Will Seal Sterling’s (GBP) Fate
UK PM Theresa May will today continue to try and persuade her Cabinet to agree a new draft Brexit agreement with the EU with her political future at risk if the deal is rejected.
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Can the Riksbank Save the Krona Amid Political Turmoil?
The Krona is likely to suffer as political gridlock continues in the Riksdag. A hawkish Riksbank may be able to save the Krona from the impact of political fragmentation.
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Tuesday, 13 November 2018
Asian Stocks Mostly Down On Trade Growth Fears, Oil Price In Focus
Asian markets were pressured by lower crude oil prices as investors fretted an oversupplied market despite promised Saudi production cuts coming at year-end
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Gold Prices May Fall on US CPI Uptick, Hawkish Powell Comments
Gold prices may decline as US inflation data and hawkish comments from Fed Chair Jerome Powell boost rate hike bets and send the US Dollar upward.
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What Would Signal a Panic-Low for Crude Oil?
Has crude’s tumble moved too far too fast? On aggressive market moves, the probability of an overshoot and snap back can be high. What is the current state of oil and what are the cues to follow on risk and opportunity?
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USD/MYR May Drop Next as Dominant Trends in IDR and PHP Continue
Multiple bearish signals in USD/MYR warn that that Malaysian Ringgit may appreciate against the US Dollar next. Meanwhile the dominant trends in USD/IDR and USD/PHP may continue.
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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 -...