Analyst Articles – Forex News 24

Dollar, Gold, Equities 3Q Forecast Involves Reversal Threats, Destabilizing Themes

Posted: 30 Jun 2019 01:09 AM PDT

Yen Supported by Two Huge Uncertainties; USDJPY Downtrend May Extend

The Japanese Yen has headed into a new calendar quarter on a high note, with its customary haven role underscoring demand which has brought USD/JPY down to its 2019 lows.

US Dollar Q3 Forecast: Dollar Feeling Weight of Fed, GDP and Trade Wars

The US Dollar was heading into the second half of 2019 in an uncomfortable state of uncertainty and it seems the technical boundaries are starting to come under existential strain.

British Pound Q3 Forecast: Sterling Fundamentals – Volatility Set to Rise as Brexit D-Day Nears

Sterling (GBP) is likely to become more volatile as the clock ticks down to the latest Brexit deadline – October 31st.

Equities Q3 Forecast: Stock Markets Aim Higher Balancing Trade Wars and Monetary Policy

Global shares rebounded in the first quarter as dovish monetary policy was able to overcome global growth concerns and US-China trade war fears were reduced by the prospects of a deal.

Gold Price Q3 Forecast: Gold Outlook Bullish on Imminent Fed Rate Cut

Gold took out the 2014 high ($1392) after the Federal Reserve altered the forward guidance for monetary policy.

Crude Oil Price: Will Global Growth Fears Overwhelm OPEC?

Crude oil price outlook over the third quarter looks set to be broadly overwhelmed by slowing global GDP growth, yet OPEC+ supply cuts and political risks pose upside risks.

Q3'19 Euro Forecast Sees Economic, Political Uncertainties Back on the Rise

Euro technical positioning looks inconclusive at the mid-year mark as political issues have been a slow burn in Europe over the past several months while the economic growth picture in Europe could be characterized as charitably-mild.

2019-06-30 08:00:00

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Yen Supported by Two Huge Uncertainties; USDJPY Downtrend May Extend

Posted: 29 Jun 2019 01:08 PM PDT

Havens Still Required

The Japanese Yen has headed into a new calendar quarter on a high note, with its customary haven role underscoring demand which has brought USD/JPY down to its 2019 lows.

The currency has been supported by a range of economic uncertainties, of which two loom the largest. The first is the ongoing trade dispute between the US and China. There has been some cooling of rhetoric on this subject from both sides as May has slipped into June. A durable settlement clearly remains elusive, but any headlines suggesting that such an end is being actively and amicably sought could well see risk appetite revive, probably to the detriment of the Yen.

To read the full Japanese Yen Forecast, download the free guide from the DailyFX Trading Guides page

Technical Analysis: USDJPY Downtrend May Extend into Third Quarter

In the second quarter USDJPY technical forecast, I outlined a couple of brewing bullish and bearish candlestick formations that might have defined the outlook for months to come. At the time, price action hinted that the more likely scenario would be a resumption of the dominant downtrend from 2015. Heading into the third quarter of 2019, that is looking to be the more likely outcome.

To read the full Japanese Yen Forecast, download the free guide from the DailyFX Trading Guides page

USD/JPY Monthly Chart

2019-06-29 20:00:00