Crude oil prices may rise if Brazil’s oil auction shows investors are feeling bullish on the commodity amid market-wide optimism over US-China trade talks despite OPEC’s gloomy outlook.
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Tuesday, 5 November 2019
Japanese Yen Outlook: Did the BoJ Just Admit Policy Failure?
How will the Japanese Yen respond as the Bank of Japan appears to begin walking back from years of assuring the markets that ‘powerful monetary easing’ would be enough to stoke inflation?
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AUD/USD Analysis: RBA Meeting Fails to Foster Break of October High
The monthly opening range for AUD/USD suggests the correction from the yearly low (0.6671) is nearing an end as the exchange rate pullbacks ahead of the October-high.
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US Dollar Price Volatility Report: FOMC Rate Cut Odds Plunge
The rebound in USD price action is gaining traction following solid economic data that has caused an unwinding of front-loaded FOMC rate cut bets, but the US Dollar still faces serious headwinds.
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Japanese Yen May Rise as the US Dollar Reversal Speeds Up in Asia
The US Dollar and Japanese Yen may rise during Asia trade as fading Fed rate cut bets offer a contrasting narrative to US-China trade deal hopes. The Australian Dollar is vulnerable.
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New Zealand Dollar Sinks on Worse than Expected Jobs Data
New Zealand Unemployment rate rises to 4.2% vs expectations of 4.1%
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Stock Market November Forecast: History Suggests Volatility is Overdue
A distinct lack of volatility last month, typically the most volatile month on the calendar, could see November attempt to compensate as stocks trade at record levels.
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Chinese Yuan Roars, USD/CNH Re-Tests 7.0000 on Trade Worries
The Chinese Yuan has put in a strong run, even negating this morning’s USD-strength as worries fester around upcoming US-China discussions.
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USD Spikes, Gold Sinks as ISM Services PMI Tops Estimates
The ISM Services/Non-Manufacturing PMI for October crossed the wires with a print of 54.7 vs estimates of 53.4 and prior reading of 52.6.
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US Dollar Gains, EUR/USD Suffers, AUD/USD at Potential Turning Point - US Market Open
AUD/USD outperforms on easing trade uncertainty; however, key resistance is ahead. US Dollar tracks yields higher, while EUR/USD cracks below 1.1000.
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US Dollar Prices Continue Support Bounce: USD/CHF, GBP/USD, AUD/USD
The US Dollar has continued to bounce after last week's test of two-month-lows, but the data has yet to begin and this morning's services ISM report looms.
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EUR/USD Price Technical Outlook - Further Upside Remains Blocked
The recent EUR/USD rally off its multi-month low continues to struggle to push through a longer-dated technical indicator that has capped its upside for the last four months.
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Gold Price Outlook Breaking Down - Is Bullish Momentum About to Crack?
Gold is struggling to move higher as the supportive fundamental backdrop begins to reverse. The recent technical breakout is struggling to follow through and gold may drift lower in the short-term.
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VIX Record Short Signals Market Complacency, Raising Risks of a VIX Blowout
US equity markets rise to all-time highs amid easing trade tensions and rising central bank liquidity. However, record VIX shorts highlights market complacency.
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Brexit Briefing: GBP/USD Price Still Below 1.30, Commons Speaker Elected
The GBP/USD price remains below psychologically-important resistance at 1.30 as a new Speaker of the House of Commons is elected to steer the Westminster Parliament through future Brexit debates.
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Monday, 4 November 2019
Euro Price Chart: EUR/USD Uptrend on Verge of Collapse
EUR/USD is now coming closer to breaking below a key uptrend which could precede a selloff. Industrial data from the US may catalyze or stave off the break.
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Gold Prices Slip as US-China Trade War Hope Saps Haven Demand
Gold prices were pressured by news that the US might consider removing some China tariffs. This sent Asian stocks up in Wall Street's wake and fostered riskier bets.
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US Dollar ASEAN Outlook Bearish Amid Singapore, China, India PMI
The US Dollar may fall as Singapore, Indonesia, India and China data underpin the need for a US-China trade deal. USD ASEAN-based index fell under key rising support, losses ahead?
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Australian Dollar Ticks Down As RBA Leaves Rates On Hold, As Expected
The Australian Dollar market wasn't looking for a change in record-low borrowing costs this month and didn't get one. The Reserve Bank left the possibility of further reductions on the table though.
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Australian Dollar, ASX 200 at Key Chart Levels as RBA Sets Rates
The Australian Dollar and its home country’s benchmark ASX 200 stock index are at pivotal technical barriers as all eyes turn the RBA monetary policy announcement.
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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 -...