Analyst Articles – Forex News 24 |
- Sterling Refuses to Believe in No Deal Brexit
- Trade War Breakthrough, Fed Testimony, Key Brexit Vote and More Ahead
- My Top 3 Charts to Watch for Trade Wars, Volatility and Growth in Speculation
- Australian Dollar Market May Be Calmer, But Watch Trade Headlines
- AUD/USD, AUD/JPY and AUD/NZD Eye Trend-Forecasting Patterns
- Stock Market Fund Flows Remain Deadlocked Before Eventful Week
- Australian Dollar Weekly Price Outlook: AUD/USD Recovery Vulnerable
- Best Forex System Download : DailyFX
| Sterling Refuses to Believe in No Deal Brexit Posted: 23 Feb 2019 02:16 AM PST  Fundamental Forecast for GBP: Neutral Sterling (GBP) Talking Points:
The DailyFX Q1 GBP Forecasts are available to download including our short- and medium-term look at Sterling. Looking for a technical perspective on the GBP? Check out the Weekly GBP Technical Forecast. The British Pound is ending the week higher, but off its best levels, as Brexit sentiment remains marginally positive despite any mitigating commentary. The UK political landscape fractured during the week with three Conservative and eight Labour MPs resigning their roles, leaving both parties increasingly vulnerable in any future votes in the House of Commons. Further resignations are rumored from both sides, while there is also talk that up to 100 Conservative MPs may revolt and demand that PM Theresa May delays leaving the EU if a No Deal Brexit remains on the table. Despite this political upheaval, Sterling pushed higher during the week, aided by slightly better-than-expected UK jobs figures, leaving GBP vulnerable to a sharper downturn if the EU continues to refuse to agree to any compromise on the Irish backstop impasse. The EU and UK have agreed that talks 'should now continue urgently at a technical level' as the Brexit clock continues its count down. Sterling volatility will also be driven by a raft of high importance events and speeches next week, including FOMC Chair Jerome Powell's Semi-Annual Testimony to the House Panel on Wednesday, the first look at German CPI and US GDP on Thursday and Canadian GDP data on Friday. UK PM Theresa May will also tell Parliament about any progress made in negotiations with the EU. If the PM comes back from discussions empty handed, Parliament will discuss various ways of moving forward and hold non-binding votes on these alternative plans. GBPUSD Daily Price Chart (April 2018 – February 22, 2019)
Traders may be interested in two of our trading guides, especially in times of volatility – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide. — Written by Nick Cawley, Analyst To contact Nick, email him at nicholas.cawley@ig.com Follow Nick on Twitter @nickcawley1 Other Weekly Fundemental Forecast:Australian Dollar Forecast –Australian Dollar Market May be Calmer, But Watch Trade Headlines Oil Forecast – Crude Oil Prices Risk Overbought RSI Signal Despite Record U.S Output 2019-02-23 10:00:00 Source link The post Sterling Refuses to Believe in No Deal Brexit appeared first on Forex News 24.  | |||||||||||||||||||||||
| Trade War Breakthrough, Fed Testimony, Key Brexit Vote and More Ahead Posted: 22 Feb 2019 07:57 PM PST Trade War Talking Points:
See how retail traders are positioning in the FX majors, indices, gold and oil intraday using the DailyFX speculative positioning data on the sentiment page. Officials Offer Heavy Hint of a US-China Trade War Deal, Now Its the Market’s TurnAfter a fairly quiet fundamental week, the markets were delivered a jolt of enthusiasm in the twilight hours of Friday’s trading session. We have seen sentiment around the US-China trade war negotiations thaw slowly for the past few weeks, but genuine enthusiasm wasn’t really proffered until the second half of the week. The suggestion that the restart of high level discussions on Thursday resulted in five MOUs (memorandums of understanding) spoke to progress through details that we simply have not seen at any other time over the past year. Friday afternoon, officials on both sides of the table went on a charm offensive with Trump and his trade team members voicing confidence that the favorable compromise was in sight with their Chinese counterparts reflecting the same. If that is indeed the case, we would expect that next Friday’s (March 1st) deadline to reach an agreement – or otherwise automatically increase tariffs on $200 billion in Chinese imports from 10 to 25 percent – will be obviated or pushed back. Though we are still lacking for clear details on the relationship, the confidence alone from officials should encourage speculators to stretch their climb…if they are indeed willing to continue on the basis of ‘buying on a dip’ rather than necessitating a true upgrade to the economic and financial outlook. If markets are locked into a bullish setting, I would expect to see a strong charge in benchmarks like the Dow (closing out its longest stretch of weekly gains since 1995), emerging markets, carry trade and related assets through the opening session. If it fails to materialize despite the inspiring headlines, questions will start to rise as to why good news cannot promote follow through on an established trend. Chart of Dow Jones Industrial Average and Consecutive Week Moves (Weekly)
Dollar and Pound Face the Heaviest Fundamental Winds This WeekA casual look at the economic docket for the coming week would indicate that we are in for a downpour of important economic event risk. There are a slew of key data prints, speeches, votes and deadlines on tap. While there is a wide range of locations from which these updates will come from, there are two regions for which the run is particularly heavy: the US and the UK. For the Dollar, the high level data is evenly distributed throughout the week. It starts with a nationwide activity reading from the Chicago Fed, shifts focus to consumer sentiment from Conference Board, touches upon a few important housing reports, includes the Fed’s favorite PCE inflation update, but is anchored by Thursday’s 4Q GDP. The broad growth reading has been delayed by the government shutdown and it will act as the crucial developed world and global baseline for a period that has clearly wavered in other areas across the globe. While that particular indicator awaits us towards the end of the week, the first half of the period will find FX traders watching headlines from Fed Chairman Jerome Powell’s testimony before Congress. This can shape growth expectations, monetary-fiscal policy beliefs and rate forecasts which have all deteriorated over the past months. As for the British Pound we have a similar cross-current mix of indicators, monetary policy and unique fundamental focus. The data on tap is the lowest concern. Even the scheduled Bank of England (BOE) members’ remarks Monday and Tuesday will play an obvious second fiddle. The focus is Wednesday’s ‘meaningful vote’ in Parliament. This is the vote that is supposed to be one of the last few opportunities to settle on a Brexit deal before the March 29th split date. Headlines caused a stir Friday when it was reported some of the most senior members of Prime Minister May’s government were calling for her to step down in May. Political instability is rarely encouraging, but this pressure may be a sign that the step down could be traded for support on a deal or delay. We will soon find out. Chart of GBPUSD and 20-Day ATR (Daily)
Growth, Monetary Policy and Their OutletsOutside of the US and British economic calendars, there is plenty more event risk to keep tabs on for targeted volatility in certain regions/assets; but traders should remain mindful of more systemic issues still on tap. Growth for example is a matter that runs far deeper than just the United States’ delayed report. There are official 4Q figures due from some of the largest emerging market economies as well as Switzerland. Beyond that, more timely inference through sentiment surveys, PMIs and other details figures should be monitored closely because the market is highly attuned to developments. Monetary policy is another traditional theme that is hitting a far deeper nerve. This past week, the Fed signaled its reaffirmed its shift to a dovish lean with discussions of capping its QE winddown, ECB members insinuated they were discussing the possibilities of more accommodation while Bank of Japan (BOJ) Governor Kuroda said further stimulus options would be investigated in the event they are necessary. There is relative FX influence here, but traders should also consider the implications for global speculative impact as stimulus has fueled much of the capital market reach over the past decade. Further, we should weigh whether more stimulus will follow the equation of more speculation or whether it will instead spur concern over the forecast for the economy and efficacy of monetary policy as a prop. Gold in particular will be an important barometer in this important theme. We discuss all of this and more impacting the markets next week in this weekend Trading Video. Graph of Probability for Central Bank Rate Hike – Rate Cut in 2019
If you want to download my Manic-Crisis calendar, you can find the updated file here. 2019-02-23 01:23:00 Source link The post Trade War Breakthrough, Fed Testimony, Key Brexit Vote and More Ahead appeared first on Forex News 24.  | |||||||||||||||||||||||
| My Top 3 Charts to Watch for Trade Wars, Volatility and Growth in Speculation Posted: 22 Feb 2019 07:09 PM PST Top Charts Talking Points:
See how retail traders are positioning in US Crude Oil, EURUSD, FX majors, indices, commodities and cryptocurrency on an intraday basis using theDailyFX speculative positioning data on the sentiment page. Given the wealth of scheduled event risk on tap over the coming week and the convergence of so many systemic themes, there are many charts and graphs that can signal different opportunities moving forward. However, through so many headlines and potential volatility, there are a few critical considerations which can follow the pulse of the broader market trends for weeks or months to come. It is from these themes that trends will arise. With a certain outcome from any of these themes, we may see a shift from the most restricted backdrop for activity since Summer of 2014 to an environment driven to shift capital to specific market outlets that reflect sentiment. What are these themes and what charts most accurately reflect their interests? 1. US-China Trade Wars and Reports of a Currency Manipulation UnderstandingThere has been a noticeable shift in the tone surrounding trade relations between the United States and China these past few weeks. Negotiations have continued between the superpowers with high level officials (Chinese Vice Premier and the US Trade Representative among others) convening to discuss more structural matters that more reliably signify progress is being made. Confidence has been slow to pick up steam, not surprising given the many false starts we’ve seen in these discussions dating back almost a year. Yet, enthusiasm is starting to gain traction in earnest as we see the leadership on both sides of the table offer a perspective of confidence for the first time. At the end of discussions Friday, the rhetoric was particularly encouraging with President Trump, virtually all of his trade delegation and the Chinese contingent all speaking of progress and the proximity to a genuine deal. With a March 1st deadline for a deal – or else the US will increase the rate on the $200 billion in Chinese imports it has tariffs on – we would expect a delay or formation of a deal soon. If the market joins the enthusiasm, we should see risk appetite catch to start the coming week via benchmarks like the S&P 500. However, the chart I’m truly interested in is the USDCNH exchange rate. This is theoretically at the heart of the trade stand off; but in practice, it is a poor measure of progress given the deep speculation of manipulation by policy officials on the Chinese side. Yet, this is another reason the chart should be watched closely. According to reports, one of the agreements secured in these preliminary discussions before Presidents Xi and Trump meet is a commitment to avoid currency manipulation by the PBOC or other state-run entity. Add this to your FX watch list. Chart of USDCNH (Daily)
2. Volatility of Volatility, The Seat of ComplacencyRisk trends have taken a severe turn over the past few months. In the final quarter of 2018, the markets were pitched into a dramatic plunge that had many believing that the last holdouts were throwing in the towel and we were entering a genuine bear market in all speculative corners. Yet, after the Christmas holiday, a tentative bid arose and the climb hasn’t really let up since. We have seen the S&P 500 steadily rise to erase much of its near-20 percent tumble and the blue chip Dow index secure a 9-consecutive week climb – the longest series of gains on that time frame dating back to May 1995. These are impressive charts in their own right, but I am concerned about the commitment to this sudden swing in sentiment. If there was anything to learn from 2018, it was that the markets are not willing to allow complacency to crowd out genuine threats to the financial backdrop. A far better measure of the complacency and the speculative risk that it represents is the state of volatility. Priced-based measures of activity are clearly extreme with the 12-week EURUSD historical range dropping to lows last seen in the Summer of 2014 or USDJPY putting in for its smallest range this past week in decades. I am particularly concerned about implied volatility. These are measures that reflect genuine anticipation via exposure to traditional hedging assets (options). There is a lot to lose, the market has a recent history of sudden tide changes and there is heavy event risk in the week ahead. Yet, the VIX has slid back to its lowest level since October 3rd. I think the most remarkable measure for this theme however is the VVIX. This is the CBOE’s volatility of volatility measure. This too has dropped back to its lowest level since mid-2014. This suggests that the market sees little-to-no chance that sudden volatility will descend on the market – despite the wealth of systemic themes, the steady deterioration of growth or the recent examples of exactly that quick change in tempo. Chart of the VVIX Volatility Index and S&P 500 in Blue (Weekly)
3. Where the S&P 500 is a Speculative Favorite, Yields Offer a More Earnest Growth PictureThere is nothing more systemic to the financial system than the concept of risk trends. It is practiced on an individual basis and on aggregate as a market. Volatility measures tell us the appreciation (or lack thereof) for sudden gales in exposure. Another measure of critical importance as we weigh the market’s capacity to drive forward with complacency is the divergence that prevailing market prices open to underlying value. There are many different means for assessing the ‘true’ state of the risk-reward balance, but I am particularly interested in a fairly rudimentary comparison. The S&P 500 is one of the most blatant targets for those looking to gain exposure to ‘the market’ whatever their justification, so long as they want higher returns. In contrast, there are a few assets that are not as popular or en vogue across the speculative rank and thereby require a little more fundamental justification to maintain their bearings. One such measure is Treasury yields. Government bonds are considered a safe haven on the opposite end of the spectrum to liquid equity indices. Considering bond prices generally move inversely to their yields, the latter should have a positive correlation to the stock market. When they do not follow the same course, something is amiss. When they are moving aggressively in opposition to each other, there is something explicitly long. We see exactly that when we compare a chart of the S&P 500 to an aggregate of the world’s most liquid 10-year government bond yields (US, UK, German and Japanese). The former has extended its climb while the latter has dropped sharply. This likely reflects the drop in economic forecasts (also the justification for monetary policy easy) and questions how robust investor conviction truly is. It is certainly one of the relationships to watch closely in the week and weeks ahead. Chart of the S&P 500 and Aggregate 10-Year Yields for US, UK, Japan, Germany (Weekly)
If you want to download my Manic-Crisis calendar, you can find the updated file here. 2019-02-23 07:00:00 Source link The post My Top 3 Charts to Watch for Trade Wars, Volatility and Growth in Speculation appeared first on Forex News 24.  | |||||||||||||||||||||||
| Australian Dollar Market May Be Calmer, But Watch Trade Headlines Posted: 22 Feb 2019 02:50 PM PST  Fundamental Australian Dollar Forecast: Neutral
Find out what retail foreign exchange traders make of the Australian Dollar's prospects right now, in real time, at the DailyFX Sentiment Page Looking for a technical perspective on the AUD? Check out the Weekly AUD Technical Forecast. The Australian Dollar endured another roller-coaster ride last week with domestic economic data and international events all throwing it around. Judging by the calendar alone, the coming sessions may be calmer. However, left-field-event potential remains high. Let's take a look at how we got here. Long revving nicely, the Australian labor market was revealed last week to have selected another gear in January. Fully 64, 500 full-time jobs were created over the month, the brightest spot in a pretty glowing overall report. However, all the gains made by AUD/USD on that release were erased and then some by reports suggesting that China would ban Australian coal imports at the key dock site of Dalian. This looked to be a clear sign of deteriorating trade relations between Australia and its major export customer. However, China later appeared to be denying that any such ban was contemplated, saying instead that it was merely increasing quality checks on important coal from all destinations. Still, the Australian Dollar also remained broadly pressured by developments from earlier in the month, notably the RBA's admission that all-time low interest rates could yet fall further. Reserve Bank of Australia Governor Philip Lowe last week reiterated that the risk to interest rates ahead was broadly balanced in his view. Futures markets still beg to differ though. They resolutely price in a reduction in the record-low, 1.50% Official Cash Rate by the end of the year. This week offers a very modest Australian economic data calendar which will probably leave trade headlines between Beijing and Washington to drive the currency. The Aussie acts as a global growth proxy in any case, and a trade deal would be the biggest obvious growth fillip on offer at present. More specifically Australia has huge interest in the outcome of these talks given its close ties to both the US and China. However, there are at least two other possible sources of Aussie Dollar movement coming up. US Federal Reserve Chairman Jerome Powell will deliver semi-annual testimony to the House of Representatives on Wednesday. If he evinces more caution on the interest-rate path ahead, then the US Dollar could slip against many rivals, the Aussie included. On the other hand, Chinese Purchasing Managers Index data are also due. If they show ongoing weakness, especially in manufacturing, then AUD/USD bears are likely to remain in charge. It's a neutral call this week, albeit with half an eye on further downside.
Resources for Traders Whether you're new to trading or an old hand DailyFX has plenty of resources to help you. There's our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There's also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they're all free. — Written by David Cottle, DailyFX Research Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!
Source link The post Australian Dollar Market May Be Calmer, But Watch Trade Headlines appeared first on Forex News 24.  | |||||||||||||||||||||||
| AUD/USD, AUD/JPY and AUD/NZD Eye Trend-Forecasting Patterns Posted: 22 Feb 2019 02:02 PM PST Australian Dollar Technical Forecast
Have a question about what's in store for Australian Dollar next week? Join a Trading Q&A Webinar to ask it live! In this week's poll, the top two requested Aussie crosses to cover in addition to AUD/USD were AUD/JPY and AUD/NZD. For the opportunity to participate in the future, I will be conducting votes every week on my Twitter account which you may follow here @ddubrovskyFX. There, you will also find more timely updates on the Australian Dollar. AUD/USD Technical Outlook: Bearish Previously, I offered a neutral outlook on AUD/USD as prices were on the verge of testing critical resistance between 0.71452 and 0.71645. Another obstacle that was standing in its way was a descending trend line from the middle of January. This past week, this area proved too difficult to break as expected. The fundamental backdrop for AUD/USD's decline was as a result of China's Dalian Port banning Australian coal imports. Looking for a technical perspective on the Australian Dollar? Check out the Weekly AUD Technical Forecast. Looking at the AUD/USD daily chart below, it appears we have a descending head and shoulders candlestick pattern. This is typically seen as a bearish reversal formation. Prices find themselves sitting right around the right shoulder. If resistance holds, the pair may turn lower and test the neckline of the pattern. This is defined by the downward sloping support line from January 8 (third parallel red dashed line below). A climb that holds above 0.71645 may overturn this bearish reversal warning sign. AUD/USD Daily Chart
AUD/JPY Technical Outlook:Bullish AUD/JPY also seems to find itself within a candlestick formation, this one is an ascending triangle. Looking at the daily chart below, this pattern is constructed by combining the rising support line from the beginning of this year with the February highs (79.84). Ascending triangles are typically seen as continuation patterns and would imply that AUD/JPY's upward progress since January could have more room to go. A close above 79.84 with confirmation could be this bullish signal. The problem is that immediately above this candlestick formation is a range of former support now resistance between 80.62 and 81.14. This area proved to be a formidable point of interest on multiple occasions since May 2018. Closing above it exposes December highs. Meanwhile, a descent through triangle support exposes 77.49 followed by 75.24. AUD/JPY Daily Chart
AUD/NZD Technical Outlook:Slightly Bearish AUD/NZD paused its descent from late January this past week after key support held at 1.03686. Prices turned cautiously higher amidst positive RSI divergence pointed out last week which showed fading downside momentum. I thought that the break under persistent support at 1.04347 would ensue a resumption of the dominant downtrend. That was not the case. But, the rebound this past week failed to push back above it. This past week, AUD/NZD solidified a descending channel as a falling resistance line from January prevented a more aggressive turnaround. The support line of the channel goes back to early January. If this channel holds, AUD/NZD may see the dominant downtrend from August 2018 resume. If this is the case, it will get another shot at pushing through the June/February 2017 lows on the chart below. AUD/NZD Daily Chart
* Charts created in TradingView FX Trading Resources— Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter
Source link The post AUD/USD, AUD/JPY and AUD/NZD Eye Trend-Forecasting Patterns appeared first on Forex News 24.  | |||||||||||||||||||||||
| Stock Market Fund Flows Remain Deadlocked Before Eventful Week Posted: 22 Feb 2019 11:42 AM PST Stock Market Talking Points:Dow Jones Breaches 26,000Last week I highlighted the crossroads at which the Dow Jones traded. Since then, not much has changed from a price perspective and fund flows remain relatively muted. That said, next week's loaded economic calendar could put an end to the recent calm in fund flows activity. Dow Jones Price Chart: Daily Timeframe (January 2018 to February 2019) (Chart 1)
Learn key tips and strategies to day trade the Dow Jones February Fund Flows Remain CalmedExchange traded funds SPY, IVV and VOO notched just $373 million in cumulative net inflows this week, with particularly strong buying on Tuesday. While a larger change than last week, the activity still falls short of the record flows witnessed in late January. The relatively deadlocked buying and selling suggests investors are still uncertain about the current landscape of the US equity sector. Aggregate Fund Flows for Broad Market ETFs versus S&P 500 (Chart 2)
Short-Term Fixed Income Continues to SlideConversely, investors seem confident about the state of short-term fixed income. The BIL ETF which was also highlighted last week has continued its trend this week. The fund has recorded nearly a month's worth of consecutive daily outflows. This week alone it saw another $145 million leave its coffers. The reallocation bumps the total capital lost during its streak to nearly $840 million. BIL ETF Fund Flows (Chart 3)
High Yield Corporate Debt sees Continued DemandThe HYG ETF, a fund that tracks the performance of high yield fixed income, notched another week of net inflows. After over $400 million in inflows this week, the fund has seen roughly $1.2 billion in fresh capital enter the fund. The continued demand for riskier corporate debt suggests some investors are relatively comfortable taking on risk despite the high degree of uncertainty heading into next week. HYG ETF Fund Flows (Chart 4)
Uncertainty PersistsDespite the nearly unabated rebound for the S&P 500 and Dow Jones, the potential for a risk-off market response is heightened. Combined with a loaded economic calendar from a data perspective, next week will see substantial event risk. Check out A Brief History of Trade Wars for a crash-course on the background of previous economic conflicts. Trade wars remain a key factor in the equity space and the ceasefire between the US and China ends next Friday. Should an agreement or extension be reached before then, it buoy sentiment but could also heighten the chances of a trade war in the European Union or Japan. With one trade war front resolved, it would allow the United States to set its sights on a new party. Elsewhere, a meaningful Brexit vote is scheduled, and Fed Chairman Powell will deliver his semi-annual testimony to a House Panel. View our economic calendar for the other key events that will drive equities next week. Read more: Stock Markets Await President Trump's Decision on Auto Tariffs –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide.
Source link The post Stock Market Fund Flows Remain Deadlocked Before Eventful Week appeared first on Forex News 24.  | |||||||||||||||||||||||
| Australian Dollar Weekly Price Outlook: AUD/USD Recovery Vulnerable Posted: 22 Feb 2019 10:06 AM PST In this series we scale-back and look at the broader technical picture to gain a bit more perspective on where we are in trend. The Australian Dollar is up more than 1.3% against the US Dollar year-to-date with the recovery now in question as price approaches technical resistance. The focus is on a break of a 200pip range just above yearly open support – these are the updated targets and invalidation levels that matter on the AUD/USD weekly chart. New to Forex Trading? Get started with this Free Beginners Guide AUD/USD Weekly Price Chart
Bullish invalidation is set to the low-day close at 7005 with resistance eyed at the June trendline / high-week close at 7246/70. A breach / close above this threshold is needed to fuel the next leg higher targeting 7327 and the 52-week moving average at 7350 – look for a larger reaction there IF reached. A break below the 70-handle would mark resumption of the broader downtrend with such a scenario exposing the 2016 low / low-week close at 6827/55. For a complete breakdown of Michael's trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy Bottom line: Aussie must stabilize above 7000 for the January recovery to remain viable with a breach / close above 7270 needed to suggest a more significant low is in place. From a trading standpoint, be on the lookout for possible downside price exhaustion on a move lower. Review my latest Australian Dollar Price Outlook for a closer look at the intraday AUD/USD trading levels. Even the most seasoned traders need a reminder every now and then- Avoid these Mistakes in your trading AUD/USD Trader Sentiment
See how shifts in AUD/USD retail positioning are impacting trend- Learn more about sentiment! — Relevant US / Australia Economic Data Releases
Economic Calendar – latest economic developments and upcoming event risk. Learn more about how we Trade the News in our Free Guide! Previous Weekly Technical ChartsLearn how to Trade with Confidence in our Free Trading Guide — Written by Michael Boutros, Technical Currency Strategist with DailyFX Follow Michael on Twitter @MBForex
Source link The post Australian Dollar Weekly Price Outlook: AUD/USD Recovery Vulnerable appeared first on Forex News 24.  | |||||||||||||||||||||||
| Best Forex System Download : DailyFX Posted: 22 Feb 2019 09:24 AM PST | USD/JPY Rate Forecast: RSI at Risk of Flashing Bearish Signal Posted: 22 Feb 2019 08:30 AM PST The failed attempts to test the 200-Day SMA (111.30) raises the risk for a larger USD/JPY pullback as the bullish momentum appears to be abating.  | EURUSD Range, USDJPY Strength in Focus for Next Week Ahead of Powell Posted: 22 Feb 2019 07:00 AM PST USD buyers came back after this week’s release of FOMC minutes from the January meeting; but that push has fallen flat, setting the stage for Chair Powell next week.  | US Dollar Bounce at Support Keeps Near-term Outlook 'Neutral' Posted: 22 Feb 2019 06:15 AM PST Both Brexit and the US-China trade negotiations have key deadlines that could be pushed back as deals have yet to materialize.  | Crude Oil Extends Rally, GBPUSD Undeperforms , USD Eyes Fed Speak – US Market Open Posted: 22 Feb 2019 05:35 AM PST Brent crude futures continues to edge higher as Saudi jawboning continues to take precedent over rising US oil supply.  | Charts for Next Week: EURUSD, AUDUSD, Gold Price & More Posted: 22 Feb 2019 04:02 AM PST The Euro looks like it could be turning down soon while AUDUSD looks to continue yesterday’s sell-off; gold too could be headed for trouble with a weekly key-reversal in sight.  | Gold Price Consolidates Further, Chart Remains Positive Posted: 22 Feb 2019 04:00 AM PST Gold continues to nudge lower after hitting a fresh 10-month high on Wednesday. The current fall may have room to extend further but overall the Gold chart remains positive, for now.  | FTSE Technical Analysis – Price Resistance & 200-day MA Keeping Lid on Upside Posted: 22 Feb 2019 02:30 AM PST The FTSE has stalled over the last week in a zone of resistance, moving lower into this zone not far above is the 200-day; drag expected to continue for the UK index.  | EURUSD Little Changed as German Slowdown Continues, Focus on ECB's Draghi Posted: 22 Feb 2019 01:30 AM PST EURUSD remains relatively stable, despite the softer IFO figures confirming the continued deterioration in the German economy.  | Technical Outlook: S&P 500, DAX Posted: 22 Feb 2019 01:00 AM PST Key topside resistance in focus for the S&P 500 and DAX as signs of exhaustion raises scope for a near-term pullback.  | NZDCAD: Bearish Sentiment Remains in Place Posted: 22 Feb 2019 12:37 AM PST NZDCAD has been stuck in a narrow range for most of 2019 but the bias remains for the pair to move lower.  | Euro at Risk, Market Mood Hinges on Trump-Liu Metting Outcome Posted: 21 Feb 2019 11:30 PM PST The Euro looks vulnerable as a deluge of event risk looms ahead. The overall market mood may hinge on the tone of US-China trade negotiations however.  | Asian Stocks Mixed After Wall St Slip. Rate Cut Hints Knock NZD Posted: 21 Feb 2019 09:32 PM PST Domestic stock markets were a little fragile after a weak Wall St . lead. Trade talks between China and the US remain their main focus.  | Gold Prices May Fall as Risk Aversion, Fed Rethink Buoy US Dollar Posted: 21 Feb 2019 09:00 PM PST Gold prices may fall, making good on bearish technical cues as haven demand and a rethink of the Fed policy outlook drive the US Dollar upward.  | BRL in for Roller Coaster Ride as Pension Reform Faces Congress Posted: 21 Feb 2019 08:30 PM PST The Brazilian Real and other local assets will likely be moving in tandem with developments on Bolsonaro's bold pension reform plan.  | New Zealand Dollar Sinks as RBNZ Deputy Governor Hints at Rate Cut Posted: 21 Feb 2019 07:30 PM PST The New Zealand Dollar plunged after RBNZ Deputy Governor Geoff Bascand said proposals to increase bank capital requirements may result in a rate cut.  | EUR/GBP Technical Analysis: Preparing for a Reversal Higher? Posted: 21 Feb 2019 07:00 PM PST EUR/GBP may struggle achieving more declines as warning signs show that its next move could be higher. Next week's trajectory could be set by the end of Friday's trading session.  | Recession Fears Rise, Trade War Negotiation Continue, Markets Start to Slip Posted: 21 Feb 2019 06:41 PM PST A host of fundamental themes – including trade wars and fears of recession – continue to prod global markets, but commitment to fear or greed is still out of reach. Can we find a trend before next week's overwhelming data run?  | EUR/USD Eyeing German GDP, Eurozone CPI, EU-US Trade Conflict? Posted: 21 Feb 2019 05:30 PM PST EUR/USD might be vulnerable to underperforming German GDP with the risk of an EU-US trade conflict mounting after Trump received a key auto report earlier this week.  | Risk Aversion Led Wall Street Lower as USD Rose, ASX 200 May Fall Posted: 21 Feb 2019 04:00 PM PST China's Port of Dalian banning Australian coal imports seemed to trigger risk aversion which was amplified by soft US durable goods orders as AUD/USD fell. The ASX 200 may reverse lower.  | EUR/USD Rate Risks Larger Rebound Following Failed Tests of 2018-Low Posted: 21 Feb 2019 03:30 PM PST The failed attempt to test the 2018-low (1.1216) may foster a larger rebound in EUR/USD even though the ECB remains in no rush to remove the zero-interest rate policy (ZIRP).  | Near-term Trade Setups in EUR/USD and AUD/USD Posted: 21 Feb 2019 11:41 AM PST An update on near-term trade setups we’ve been tracking in EUR/USD and AUD/USD. These are the targets and invalidation levels that matter this week.  | Gold Price Technical Outlook: XAU/USD Rejected at Resistance Posted: 21 Feb 2019 10:00 AM PST Gold prices remain vulnerable near-term after reversing more-than 1% from the monthly high. Here are the targets & invalidation levels that matter on the XAU/USD charts.  | USD/CAD Rate Fails to Test 200-Day SMA Following FOMC Minutes Posted: 21 Feb 2019 08:00 AM PST USD/CAD holds a narrow range following the FOMC Minutes, with Canada's Retail Sales report in focus as household spending is expected to contract another 0.3% in December.  2019-02-22 17:14:00 Source link The post Best Forex System Download : DailyFX appeared first on Forex News 24.  |
| You are subscribed to email updates from Analyst Articles – Forex News 24. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment