Wednesday, 14 August 2019

US Recession Watch - Yield Curve Inverts, But Panic When it Steepens

The US 2s10s curve has inverted for the first time since 2007, emphasising concerns of a slowdown in the global economy. Focus now on the Jackson Hole Symposium.


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Gold Price Action at Long-term Resistance Points to Pullback

Gold may still be set up to rally longer-term, but in the near-term it is displaying signs of exhaustion and may be due for a set-back.


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Italian Election Monitor: Italy Crisis to Re-emerge Amid Risk of Snap Elections

Deputy PM Salvini turns his back on the populist coalition as he looks to force a snap election. Widening Bund-BTP spreads likely to highlight the risks surrounding Italy.


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USD/CHF, EUR/CHF Price: Rebounding From the Same Resistance

Last Friday EUR/CHF and USD/CHF closed in the red for the second week in a row. Additionally, since last week buyers have been failing to overcome the exact same levels time and time again. Here are those levels and more to watch


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GBP/USD Price Nudges Higher on UK Inflation Uptick, Brexit Latest

The British Pound (GBP) grabbed a small bid Wednesday as UK inflation edged higher. However, Brexit remains the main driver of the British Pound.


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Crude Oil Price Boosted by Trade Tariff Delay, Technical Support

Brent crude is back above $60/bbl. and sitting near an important technical support level that needs to hold if the market is to push higher.


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Tuesday, 13 August 2019

GBPUSD Rate Susceptible to Slowing UK Consumer Price Index (CPI)

Updates to the UK Consumer Price Index (CPI) may do little to curb the depreciation in GBPUSD as the headline reading is expected to narrow to 1.9% from 2.0% in June.


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EURUSD May Sink if German GDP Data Spooks Financial Markets

EURUSD may suffer if German GDP data shows that Europe’s largest economy contracted, boosting demand for liquidity amid market-wide uncertainty.


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Gold Prices Eye German GDP Data, Chart Setup Warns of Topping

Gold prices may find some lift in soft German GDP data, but technical positioning warns that a reversal downward may be brewing ahead.


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Asia Pacific Stocks Up On US Tariff Delays, Report Trade Talks Still On

There was plenty of green on regional screens despite ongoing tension in Hong Kong as trade hopes spurred tech exporter names on.


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US Dollar and Yen May Rise on Japan, South Korea Trade War

The US Dollar and Japanese Yen may extend gains if the trade war between Japan and South Korea boosts demand for liquidity, though KRW weakness may be stemmed by FX intervention.


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Dow and Yuan Rally, Yen and Gold Tumble as Trump Stirs Trade Wars Again

Finally, a rebound in risk assets this past session. The White House backed off on its most aggressive trade wars escalation to date Tuesday, but is this enough to alter the course of an unfavorable economic and financial tide?


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Australian Dollar Slides As Chinese Industrial, Retail Numbers Both Miss

There was no cheer for risk sensitive assets such as the Australian Dollar in a Chinese data dump which came up very short of expectations across the board.


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Crude Oil Prices Eye Monthly-High as US Delays China Tariffs

The price of oil extends the rebound from the monthly-low ($50.52) as the US delays the next tranche of China tariffs to December 15.


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Spot Gold: Net-Short Positions Increase by 16.5% from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.


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US Dollar Price Outlook post-CPI: EUR/USD, USD/CAD and Gold

This morning brought inflation data out of the US and Core CPI remains strong. But, will this deter the Fed from future cuts?


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US CPI Increases in July, Core CPI Now 17 Months Above 2%

Core CPI continues to show a streak of stability, printing at its highest level since January and continuing above the Fed's 2% target.


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Swiss Franc Rises Despite SNB Intervention, US Yield Curve Nears Inversion - US Market Open

CHF on the front foot as risk off flows dominate, while higher than expected US inflation sees the US 2s10s curve near inversion.


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EURUSD, USDCAD, Gold Price Chart Analysis & More

The U.S. Dollar looks headed lower versus the Euro and Canadian Dollar , while gold presses up against major long-term resistance zone.


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EMA Trading | An EMA Strategy with Forex Trends

Trading with the EMA is useful for both beginner and experienced traders. This indicator incorporates a complete trading strategy perfect for trending markets


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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...