Tuesday, 3 December 2019

US Dollar, EUR/USD, GBP/USD & More: Technical Outlook

In today's session, we discussed the outlook for USD as it presses down towards support; the Euro and Sterling look to try and gain further ground in days ahead.

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President Trump on China Trade Deal - May Wait Until After 2020 Election

US President Trump today suggested that it may be better to wait until after the 2020 US elections to fix a deal with China, prompting risk-on markets to fall.

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Gold Price Bid as US President Trump Warns of New European Tariffs

US President Donald Trump vows to increase European tariffs by up to 100% on a range of goods in retaliation against France’s new digital tax on US companies.

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AUD/USD Outlook May Soon Darken, Hints ASX 200 Price Action

The Australian Dollar has enjoyed an explosive recovery against its US namesake but its local stock index, the ASX 200, hints that gains may be fleeting.

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Brexit Briefing: Focus on Post-Brexit US-UK Trade Deal as Trump Visits UK

A visit by US President Donald Trump to the UK for the 70th anniversary of NATO has focused attention on a post-Brexit trade deal between the US and the UK.

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US Dollar Could Gain Versus SGD, PHP, IDR on World Trade Tensions

The Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit could depreciate against the US Dollar as US-China and US-EU trade tensions escalate.

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Monday, 2 December 2019

Gold Prices Near Highs as New US Tariff Threat Sinks Risk Appetite

Gold and other haven assets were back in demand as Donald Trump unexpectedly announced new tariffs on industrial metals from Argentina and Brazil

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Oil Price Outlook Hinges on How OPEC+ Alliance Evolves

Developments coming out of the OPEC meeting are likely to sway the price of oil as the group appears to be on track to extend the ‘Declaration of Cooperation.’

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Australian Dollar Gains As RBA Holds Rates as Expected. GDP Up Next

The Australian Dollar got a lift when the Reserve Bank left the Officical Cash Rate on hold at its latest record low.

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Australian Dollar Could Fall Sharply if RBA QE Becomes 'Live'

The Australian Dollar has wilted through November partly thanks to its lack of monetary policy support. At least one major domestic bank thinks it has even less than markets reckon.

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EUR/USD Opening Range in Focus as US Mulls Higher Tariffs for Europe

The monthly opening range is in focus for EUR/USD as the Trump administration looks poised to raise tariffs on European goods.

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USD/JPY, AUD/USD May Fall on US-EU Trade War, China Tariffs Loom

The USD/JPY and AUD/USD may sink after the USTR proposed tariffs on French goods over the latter’s digital tax, escalating trade tensions with Europe as China remains unresolved.

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Stock Market December Forecast: Trade War Headlines to Stoke Volatility

The stock market outlook for December is highly contingent on trade war developments, but history suggests the month is no stranger to volatility regardless of the event risk at hand.

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New Zealand Dollar Price Outlook: NZD/USD Breakout Goes Parabolic

A breakout in Kiwi takes price into initial resistance targets early in the week. Here are the levels that matter on the NZD/USD weekly chart heading into December.

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Gold Price Outlook: Support Holds, but Bulls Calm on USD Drubbing

It's been a slow three months in Gold as buyers have backed off the bid. But the bullish trend isn't yet dead, and its return appears to be a matter of timing.

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US Dollar Forecast: Higher Yields Required for Further DXY Index Gains

The US Dollar will need a new source of fuel now that Federal Reserve interest rate cut pricing has been pushed back significantly.

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US Dollar Forecast: USD/JPY Sinks on Trade War Fears, Weak Data

The Japanese Yen won out versus the US Dollar on Monday as trade war fears and weak economic data injected a degree of risk aversion into the market. Where is USD/JPY headed next?

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Canadian Dollar Price Outlook: USD/CAD Bull Pennant Near Resistance

USD/CAD bulls came back in November to claw back October losses but an imposing zone of resistance lurks overhead.

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NZD/USD Surges, GBP/USD Muted, Crude Oil Spikes - US Market Open

Kiwi outperforms as New Zealand look to fiscal stimulus, GBP/USD upside curbed by narrowing election polls. OPEC calls for deeper oil cuts.

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Crude Oil Plummets as Dow, Gold and USD Cling to Familiar Levels

The Dow Jones, gold and the US Dollar traded within their recent ranges last week as crude oil suffered a significant retracement on Friday as supply concerns worked to pressure the commodity lower.

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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...