Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Flat, Crude Oil Up, Stocks Up Notes: Market participants are keeping a close watch on the latest round of US-China trade negotiations, scheduled to start Thursday in Beijing, and the next BREXIT vote. British lawmakers will now vote on a range of BREXIT options Wednesday, giving parliament a chance to […]

British Pound: USD/GBP (GBP=X) Diminished odds for further GBP weakness

British Pound: USD/GBP (GBP=X) Diminished odds for further GBP weakness

British Pound: USD/GBP (GBP=X) Diminished odds for further GBP weakness After dropping sharply to 1.3004 last Thursday (21 Mar), GBP staged a surprisingly robust rebound and hit a high of 1.3224 on Friday. The high was just a few pips below our 1.3230 ‘key resistance’. While the ‘key resistance’ is still intact, the price action […]

Euro: USD/EUR (EUR=X) is likely to trade sideways

Euro: USD/EUR (EUR=X) is likely to trade sideways

Euro: USD/EUR (EUR=X) is likely to trade sideways While we indicated last Friday (22 Mar) that “in order to maintain the current momentum, EUR could not afford to ‘dither’ as it would greatly decrease the prospect for further EUR strength”, the subsequent large decline of more than -0.50% (NY close of 1.1313, -0.52%) came as […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Down, Stocks Down Notes: A US trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on 28-29 March which will be followed by a trip by Chinese Vice Premier Liu He to Washington in early April. Concerns about a potential US […]

Gold Firms, Investors Move into Safe-haven Assets

Gold Firms, Investors Move into Safe-haven Assets

$GLD.$USD, $JPY FLASH: Last week gold posted its 3rd consecutive weekly gainer and rose 1%, the most since the week ending 1 February. The fundamentals Spot gold up 0.1% at $1,314.21 oz as of 0128 GMT. US gold futures up 0.2% at $1,314.40 oz. Investors sold shares Monday moving to the safety of bonds, while […]

The Geopolitical Uncertainty Vs The Price of Gold

The Geopolitical Uncertainty Vs The Price of Gold

$GLD, $USD, $EUR, $GBP, $CNY What we have been seeing over the past few years is that confidence in government is fading and the price of Gold is rising. Some current examples The UK House of Commons voted 413-202 last week to delay Britain’s exit from the EU. Despite resounding defeats, Prime Minister Theresa May […]

Managed Money Looking Closely at Gold

Managed Money Looking Closely at Gold

$GLD, $BAR,$USD FLASH: Some money managers says recession fears on global-economic slowdown sign actually give savvy investors a Golden opportunity to start investing in a precious metal commonly considered a haven amid uncertainty and say that gold’s price is “very affordable” now. “You’ve had a bit of a V-shaped recovery in the market, but [with] […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Down, Crude Oil Down, Stocks Up Notes: EU leaders have given Prime Minister Theresa May two weeks’ reprieve, until 12 April, before Britain could lurch out of the EU if she fails to persuade lawmakers to back the withdrawal treaty she concluded with Brussels. A US trade delegation headed by […]

Japanese Yen: USD/JPY (JPY=X) softness in the greenback

Japanese Yen: USD/JPY (JPY=X) softness in the greenback

Japanese Yen: USD/JPY (JPY=X) softness in the greenback The US dollar has pulled back a bit during the trading session again on Thursday, reaching towards the ¥110 level, an area that is major support. The moving averages above of course cause some noise in general, right around the ¥111 level. Ultimately, the market should continue to […]

British Pound: USD/GBP (GBP=X) Plunges as Macron Warns of N0-Deal Brexit Risk

British Pound: USD/GBP (GBP=X) Plunges as Macron Warns of N0-Deal Brexit Risk

British Pound: USD/GBP (GBP=X) Plunges as Macron Warns of N0-Deal Brexit Risk Comments from French President Emmanuel Macron prompted the Pound Sterling to US Dollar (GBP/USD) exchange rate to lose further ground this afternoon. As Macron warned that the UK could see a no-deal Brexit if MPs reject Theresa May’s deal once again Pound Sterling […]

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445

Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445 The Euro rally is now testing yearly open / slope resistance and leaves the immediate recovery vulnerable while below 1.1445. From a trading standpoint, we’re looking for signs of support while above 1.1232. If price has indeed turned a corner. That said, a break below […]

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further

New Zealand Dollar: NZD/USD (NZD=X) to strengthen further We have held the same view since last Tuesday (12 Mar, spot at 0.6835) wherein we expected NZD to trade sideways within a 0.6750/0.6885 range. Over the past couple of days, we warned that “the prospect for a break of 0.6885 first appears to be higher but […]

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness

Australian Dollar: USD/AUD (AUD=X) showing signs of weakness The Australian dollar initially rallied during the trading session on Thursday, showing signs of bullish pressure. However, we still have a lot of drama when it comes to the US/China situation, and therefore it’s likely that this pair will struggle as the Australian dollar will continue to be […]

Consumers to See Benefit of Fed’s ‘Patience’ Policy

Consumers to See Benefit of Fed’s ‘Patience’ Policy

$SPY, $USD FLASH: “We’re in a very different world today,” Fed Chairman Jerome Powell said at a news conference, stressing that the Fed is now carefully monitoring financial conditions and stability in ways that it did not previously. Not too long ago (September 2018) rising rates were bearing down on everyone from home buyers to […]

Fed Slowly Making Economy Vulnerable

Fed Slowly Making Economy Vulnerable

$SPY, $USD FLASH: The Fed’s policy reversal is beginning to stoke systemic vulnerabilities in the economy. A surprise move by the central bank to forecast no change to interest rates for the remainder of this year will increase excesses in corporate America, which is already highly leveraged, and expose the economy to a higher chance […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Dowu, Crude Oil Up, Stocks Up Notes: The Fed held interest rates steady, shave the number of hikes projected for the rest of the year at none and release details of a plan to end the monthly reduction of its massive balance sheet in September. US Crude Oil stockpiles last […]

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance

Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance The Japanese Yen has yet to surrender a key short-term psychological resistance point to the US Dollar, but it may do so very soon. USD/JPY remains well within the uptrend channel which has bounded trade for much of this year. However, the JPY112.00 level has capped the market. The pair […]

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall

Australian Dollar: USD/AUD (AUD=X) Job vacancies fall Australia’s Westpac leading index came in flat in February, falling from an upwardly-revised +0.1% reading in January, despite firmer commodity prices. In addition, skilled vacancies in February fell 0.9% m/m, escalating January’s revised 0.5% decline. The Australian jobs markets has been one of the more robust parts of […]

Euro: USD/EUR (EUR=X) upside should be limited

Euro: USD/EUR (EUR=X) upside should be limited

Euro: USD/EUR (EUR=X) upside should be limited Outlook in EUR/USD remains unchanged. Further rise could be seen with 1.1294 minor support intact despite loss of upside momentum. But upside should be limited below 1.1419 resistance to complete the corrective rebound from 1.1176. On the downside, below 1.1294 minor support will turn bias to the downside […]

British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers

British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers

British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers GBP/USD is steady in the Tuesday session. In the North American session, the pair is trading at 1.3265, down 0.09% on the day. There are no major U.S. events on the schedule. British employment numbers were mixed. On Wednesday, the U.K. releases a host of inflation […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Up Notes: The Fed Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year to 1-2 or none, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet. […]

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers

Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers RBA’s pessimism and soft housing market data couldn’t disappoint Aussie buyers as risk sentiment remains strong. 0.7130/35 comprising 50-day SMA acts as immediate resistance contrast to 0.7050 support. The Australian Dollar (AUD) is taking the bids around 0.7100 versus the US Dollar (USD) during early Tuesday. […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 could extend higher but it’s still viewed as a corrective move. Hence, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1294 minor support will turn bias to the downside for 1.1176 low first. […]

British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report

British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report

British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report The financial markets exhibited thin volatility in the wake of a national holiday in the United States. Well, the traders are back and the economic calendar is also loaded with some high impact economic events. Most of the focus will remain on […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral

Japanese Yen: USD/JPY (JPY=X) bias remains neutral

Japanese Yen: USD/JPY (JPY=X) bias remains neutral Consolidation from 112.13 is still in progress and intraday bias remains neutral first. As long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume the rally from 104.69 to 114.54 resistance next. However, firm break of 110.35 should confirm near […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Steady Notes: UK PM May’s BREXIT plans were thrown into further turmoil on Monday when the speaker of Parliament ruled that she could not put her divorce deal to a new vote unless it was re-submitted in fundamentally different form. She has just 2 days […]

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles

Canadian Dollar: USD/CAD (CAD=X) Facing Many Hurdles GBP/USD climbed higher and settled above the 1.3210 resistance level. USD/CAD corrected higher, but it failed to break the key 1.3370 resistance area and later declined. Important Takeaways for GBP/USD and USD/CAD The British Pound gained bullish momentum and traded above the 1.3200 resistance area. There is a […]

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight

Australian Dollar: USD/AUD (AUD=X) Fed Decisions Put Aussie in Spotlight The Australian and New Zealand Dollars finished higher last week on relatively low volatility. In the absence of major economic releases and central bank activity, traders had to rely on outside influences such as Brexit, U.S.-China trade relations and Chinese stimulus measures. Mixed U.S. economic […]

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows

New Zealand Dollar: NZD/USD (NZD=X) gradually making a new higher highs and lower lows The New Zealand Dollar is gradually making a new higher highs and lower lows since the currency pair bounced off a support level formed by the 200-hour simple moving average at 0.6809 on March 14. The exchange rate tested a resistance […]

British Pound: USD/GBP (GBP=X) tipped to rise as uptrend extends

British Pound: USD/GBP (GBP=X) tipped to rise as uptrend extends

British Pound: USD/GBP (GBP=X) tipped to rise as uptrend extends The Pound-to-Dollar rate is to begin trading around 1.3285 Sunday after rising more than 2.0% in the previous week, although the exchange rate still has further to climb over the coming days, according to technical studies of charts. The pair rose after the UK Parliament […]

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel

Japanese Yen: USD/JPY (JPY=X) moving towards the top of the bullish channel The USD/JPY bullish break could see price move towards the top of the bullish channel and the Fibonacci targets of wave 5 vs 1+3. This breakout could be part of an impulsive third wave (purple) whereas a bearish breakout could indicate a pauze […]

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities

Euro: USD/EUR (EUR=X) investors are focused on macro data updates for short term profit opportunities Since trading session opened for the week in Pacific-Asian market hours, the pair has managed to hold on to steady upside price action and moved well near last week’s highs as the spread difference between 2-year US-Germany government bond yields […]

Bitcoin: USD/BTC (BTC=X) price climbed higher towards the $4,040 level before correcting lower against the US Dollar

Bitcoin: USD/BTC (BTC=X) price climbed higher towards the $4,040 level before correcting lower against the US Dollar

Bitcoin: USD/BTC (BTC=X) price climbed higher towards the $4,040 level before correcting lower against the US Dollar In the weekly analysis, we saw a nice upward move above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $4,020 level and traded towards the $4,040 level. A high was formed at $4,041 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Off, Crude Oil Off, Stocks Up Notes: Data Friday showed US manufacturing output fell for a 2nd month running in February and factory activity in New York state hit near a 2 low this month, further evidence of a sharp slowdown in economic growth early in Q-1. In Asia Gold: Spot […]

British Pound: USD/GBP (GBP=X) promises to be a busy week

British Pound: USD/GBP (GBP=X) promises to be a busy week

British Pound: USD/GBP (GBP=X) promises to be a busy week GBP/USD posted huge gains last week, climbing 2.2 percent. It promises to be a busy week. The U.K. releases CPI and retail sales, and parliament will hold another vote over Brexit. Central banks will also be in focus, with the BoE and Federal Reserve expected […]

Canadian Dollar: USD/CAD (CAD=X) bias is neutral

Canadian Dollar: USD/CAD (CAD=X) bias is neutral

Canadian Dollar: USD/CAD (CAD=X) bias is neutral USD/CAD dropped to 1.3289 last week but drew support from 55 day EMA and recovered. Initial bias is neutral this week first. On the upside, break of 1.3371 minor resistance will suggest that pull back from 1.3467 has completed. That will also revive the bullish case that rise […]

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week AUD/USD stayed in consolidation above 0.7003 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another recovery, upside should be limited by 0.7121 minor resistance to bring fall resumption. On the downside, break of 0.7003 will resume the fall […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation USD/JPY rebounded further last week but was held below 112.13 resistance. Initial bias remains neutral this week for some more consolidation. But still, as long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 continued last week despite lost of upside momentum. No change in the view that it’s a corrective move. Hence, in case of another rise, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1277 […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Firm, Stocks Up Notes: The Bank of Japan’s kept interest rates unchanged Chinese Vice Premier Liu He spoke by telephone with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, with the 2 sides making further substantive progress on trade talks, China’s official Xinhua news […]

British Pound: USD/GBP (GBP=X) Parliament asks government to rule out ‘no deal’ Brexit permanently

British Pound: USD/GBP (GBP=X) Parliament asks government to rule out ‘no deal’ Brexit permanently

British Pound: USD/GBP (GBP=X) Parliament asks government to rule out ‘no deal’ Brexit permanently UK lawmakers have voted to hypothetically take a ‘no deal’ Brexit off the table ‘for ever’ in a night of bruising losses for the government in the House of Commons that corresponded with another sharp rally in the value of the […]

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327

Euro: USD/EUR (EUR=X) controlled by the Fibonacci level at 1.1327 Renewed concerns over Brexit are putting pressure on the Euro shortly after the U.S. opening. Earlier in the session, the single-currency hit its highest level since March 5, but there was no follow-through to the upside as traders began to square positions after the latest […]

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time

Growth and interest rate differentials to weigh on Australian Dollar: USD/AUD (AUD=X) in time It has been an eventful month for the Australian economy, with GDP and other key data surprising to the downside, and interest rate expectations shifting. Regardless, at USD0.7094, the Australian dollar is unchanged from USD0.7093 when our February Market Outlook went […]

New Zealand Dollar: NZD/USD (NZD=X) Tests Support

New Zealand Dollar: NZD/USD (NZD=X) Tests Support

New Zealand Dollar: NZD/USD (NZD=X) Tests Support The New Zealand Dollar has declined about 0.86% against the US Dollar during the last 24 hours. A breakout occurred through the lower boundary of a junior ascending channel pattern during Thursday’s trading session. Given that a breakout had occurred, it is likely that the currency exchange rate […]

Japanese Yen: USD/JPY (JPY=X) increased demand for risk

Japanese Yen: USD/JPY (JPY=X) increased demand for risk

Japanese Yen: USD/JPY (JPY=X) increased demand for risk The Dollar/Yen is trading higher on Thursday, reversing yesterday’s weakness. Increased demand for risk is helping to dampen the Japanese Yen’s appeal as a safe-haven asset and rising U.S. Treasury yields are making the U.S. Dollar a more attractive investment. The move are being fueled by positive […]

Shayne Heffernan Still Bullish on Asia

Shayne Heffernan Still Bullish on Asia

Shayne Heffernan remains bullish on the outlook for China and Chinese Companies “Asia is going to be the centre of the Financial World for the next 100 years” China’s real estate investment increased 11.6 percent year on year in the first two months of this year, the National Bureau of Statistics said Thursday. The growth […]

Stocks Climb, Atlanta Fed Raises US GDP Forecast

Stocks Climb, Atlanta Fed Raises US GDP Forecast

$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 Breaks Above 2800, and President Trump Grounds Boeing’s 737 Max 8 Aircraft S&P 500 broke above the 2800 mark, and all 11 sectors finished in the Green Weakening USD was an area of support for the broader market and the earnings prospects for multinational companies President Trump […]

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection

Japanese Yen: USD/JPY (JPY=X) Renewed Demand for Safe-Haven Protection Safe-haven buying is helping to drive the Dollar/Yen lower on Wednesday. Treasury yields are down, making the dollar a less-attractive investment and stocks are under pressure, sending investors into the safety of the Japanese Yen. The catalyst behind the early weakness in the Forex pair is […]

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe

Euro: USD/EUR (EUR=X) ECB interest rates likely to stay low in Europe The Euro may have rebounded during recent sessions but the outlook from a fundamental perspective remains decidedly uninspiring as the European Central Bank (ECB) appears to jettison its previous plan to withdraw the crutch of crisis-era easing.  The Euro has climbed back up to 1.1300 […]

Australian Dollar: USD/AUD (AUD=X) continue to hover over a major support level

Australian Dollar: USD/AUD (AUD=X) continue to hover over a major support level

Australian Dollar: USD/AUD (AUD=X) continue to hover over a major support level The Australian dollar has pulled back just a bit during the trading session on Wednesday, as we continue to hover above the crucial 0.70 level, an area that extends all the way down to the 0.68 level on the monthly chart as a major […]

Nick Leeson on Brexit, Boeing and the Day Ahead

Nick Leeson on Brexit, Boeing and the Day Ahead

Brexit news provided the impetus for a bumpy ride for the European Indices and Sterling yesterday. A positive stance after news of concessions from the EU was quickly replaced by uncertainty and a swift move lower as legal opinion indicated that we were no nearer a path through the forest to a successful Brexit. In […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Off, Crude Oil Higher, Stocks Down Notes: Gold scaled a near 2-week high Wednesday, after reclaiming the Key $1,300 mark in the prior session, as investors opted for the safe-haven precious Yellow metal after British lawmakers rejected an amended exit deal, while a weaker uSD lent further support. Washington could […]

Australian Dollar: USD/AUD (AUD=X) market now looking ahead to consumer confidence snapshot

Australian Dollar: USD/AUD (AUD=X) market now looking ahead to consumer confidence snapshot

Australian Dollar: USD/AUD (AUD=X) market now looking ahead to consumer confidence snapshot The Australian Dollar slipped on Tuesday following yet more weak economic data, headlined by weaker business confidence. The index for that from National Australia Bank came in at 2 for February, below January’s 4. It was also the lowest print since the start […]

Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside

Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside

Japanese Yen: USD/JPY (JPY=X) 112.00 still eludes bulls to the upside The Japanese Yen has managed to fend off challenges from Dollar bulls since late February with the psychological 112.00 level remaining out of reach for USD/JPY. The pair did manage to poke above that point on an intraday basis on February 28 and again on March […]

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote

Euro: USD/EUR (EUR=X) is expected to respond positively irrespective of the outcome of the Brexit vote The EUR/USD is expected to respond positively irrespective of the outcome of the Brexit vote today. Currently, there are three possible outcomes. That UK MPs reject May’s proposed deal that is already agreed with the EU, resulting in a […]

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment

New Zealand Dollar: NZD/USD (NZD=X) the theme has continued with a mix of “risk on” sentiment The New Zealand Dollar (NZD) received a boost Friday after broad based declines in the US Dollar (USD) took the kiwi off the low of 0.6744 to close at 0.6800. This week the theme has continued with a mix […]

British Pound: USD/GBP (GBP=X) off overnight highs as market adopts wait-and-see approach

British Pound: USD/GBP (GBP=X) off overnight highs as market adopts wait-and-see approach

British Pound: USD/GBP (GBP=X) off overnight highs as market adopts wait-and-see approach The British Pound rose to record fresh multi-month highs against the Euro and rallied towards recent multi-month highs against the Dollar following a last-gasp attempt by the EU and UK to secure a Brexit deal. Overnight, UK Prime Minister Theresa May flew to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: European Commission head Jean-Claude Juncker agreed to additional assurances in an updated BREXIT deal with British Prime Minister Theresa May Monday, but warned UK lawmakers would not get a 3rd chance to endorse it. Washington could lift most or all of its tariffs on […]

Japanese Yen: USD/JPY (JPY=X) could see a bounce

Japanese Yen: USD/JPY (JPY=X) could see a bounce

Japanese Yen: USD/JPY (JPY=X) could see a bounce The US dollar fell hard against the Japanese yen initially during the trading session on Friday after the ¥111.50 level gave away. Beyond that, we had a jobs number that was horrific, in the sense that only 20,000 jobs were added last month, as opposed to the expected […]

Australian Dollar: USD/AUD (AUD=X) gains are likely to be limited over the near-term

Australian Dollar: USD/AUD (AUD=X) gains are likely to be limited over the near-term

Australian Dollar: USD/AUD (AUD=X) gains are likely to be limited over the near-term The Australian Dollar is trading lower on Monday. There has been to follow-through to the upside following Friday’s potentially bullish closing price reversal bottom. Friday’s volatile price action was fueled by short-covering related to the mixed U.S. Non-Farm Payrolls report. We could […]

Euro: USD/EUR (EUR=X) traders await German data

Euro: USD/EUR (EUR=X) traders await German data

Euro: USD/EUR (EUR=X) traders await German data EUR/USD struggles around 1.1230 while heading towards European sessions on Monday. The pair fall short of extending Friday’s NFP-backed recovery as recent comments from the Fed Chair Jerome Powell gave little importance to the data miss. Monthly readings of German trade balance and industrial production could offer intermediate […]

New Zealand Dollar: NZD/USD (NZD=X) break above 0.68 to see further upside

New Zealand Dollar: NZD/USD (NZD=X) break above 0.68 to see further upside

New Zealand Dollar: NZD/USD (NZD=X) break above 0.68 to see further upside NZD/USD is trading around 0.68 handle at 0545 GMT, up 0.02% at the time of writing.  The pair has bounced off strong support at 200-DMA and we see weakness only on break below.  Price action is holding above 5-DMA and technical studies are […]

British Pound: USD/GBP (GBP=X) Struggles Ahead of Brexit Vote

British Pound: USD/GBP (GBP=X) Struggles Ahead of Brexit Vote

British Pound: USD/GBP (GBP=X) Struggles Ahead of Brexit Vote The Pound (GBP) was left on the defensive at the end of last week, falling against the majority of its peers amidst concerns about the progress on Brexit talks between the UK and EU. This comes ahead of a vote on Theresa May’s Brexit deal on […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: Fed Chairman Powell said Friday that the central bank will be careful not to shock financial markets as it stabilizes its bond portfolio, saying that it does not see problems in the US economy that warrant an immediate change in its policy. Washington […]

Japanese Yen: USD/JPY (JPY=X) BoJ in Focus

Japanese Yen: USD/JPY (JPY=X) BoJ in Focus

Japanese Yen: USD/JPY (JPY=X) BoJ in Focus BSI larger manufacturing conditions figures for the 1st quarter are due out on Monday. The data is unlikely to have an impact on the Yen, which will continue to be driven by market risk sentiment. The markets will need to consider the BoJ’s monetary policy decision on Friday. The […]

Canadian Dollar: USD/CAD (CAD=X) slides on dovish BoC

Canadian Dollar: USD/CAD (CAD=X) slides on dovish BoC

Canadian Dollar: USD/CAD (CAD=X) slides on dovish BoC USD/CAD recorded strong gains for a second successive week, climbing close to 1 percent. There are only two events on the calendar in the week ahead. Here is an outlook for the highlights of this week and an updated technical analysis for USD/CAD. The Bank of Canada maintained the […]

Australian Dollar: USD/AUD (AUD=X) stays above key 70 level, but barely

Australian Dollar: USD/AUD (AUD=X) stays above key 70 level, but barely

Australian Dollar: USD/AUD (AUD=X) stays above key 70 level, but barely The Australian dollar had an uneventful week, as AUD/USD continues to hover just above the round number of 70. There are only three events in the upcoming week.Here is an outlook for the highlights of this week and an updated technical analysis for AUD/USD. The RBA […]

British Pound: USD/GBP (GBP=X) volatility is expected to increase further

British Pound: USD/GBP (GBP=X) volatility is expected to increase further

British Pound: USD/GBP (GBP=X) volatility is expected to increase further Next week the UK Parliament will vote on a series of Brexit Bills which will decide the short- and long-term future relationship between the UK and the EU. On Tuesday, PM May’s current Brexit Bill is re-presented to the House and is likely to be […]

China USA Trade Latest

China USA Trade Latest

Beijing is hopeful about its next round of trade talks with the US, China’s vice minister for commerce said Saturday, after revealing that top negotiators had tried to hammer out a deal over burgers and eggplant chicken. China and the United States have been locked in a bruising trade war since last year, imposing tit-for-tat […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Falling, Stocks Up Notes: Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. President Trump says, “All of nothing at all!” US jobs report […]

Euro: USD/EUR (EUR=X) Searches for Support

Euro: USD/EUR (EUR=X) Searches for Support

Euro: USD/EUR (EUR=X) Searches for Support EUR/USD tumbles to fresh yearly lows as the European Central Bank (ECB) plans to implement another round of Targeted Long-Term Refinance Operations (TLTRO), and the exchange rate may continue to search for support over the coming days as clears the 2018-low (1.1216). The announcement suggests the ECB will continue to […]

Japanese Yen: USD/JPY (JPY=X) should remain very calm

Japanese Yen: USD/JPY (JPY=X) should remain very calm

Japanese Yen: USD/JPY (JPY=X) should remain very calm The US dollar has done very little against the Japanese yen during trading on Thursday, as we continue to bounce around between the ¥112 level on the top, and the ¥111.50 level on the bottom. Looking at this chart, it’s obvious that we are simply waiting for some type […]

British Pound: USD/GBP (GBP=X) Faces a more Difficult Road

British Pound: USD/GBP (GBP=X) Faces a more Difficult Road

British Pound: USD/GBP (GBP=X) Faces a more Difficult Road Reports out Thursday suggest Brexit talks between the EU and UK are close to breaking down, suggesting Prime Minster Theresa May’s Brexit deal will be shot down next week in what could amount to a substantial shift in sentiment for the British Pound. “Backstop talks on […]

Australian Dollar: USD/AUD (AUD=X) market now sees 100% chance of RBA rate cut in 2019

Australian Dollar: USD/AUD (AUD=X) market now sees 100% chance of RBA rate cut in 2019

Australian Dollar: USD/AUD (AUD=X) market now sees 100% chance of RBA rate cut in 2019 The Australian Dollar recovered off earlier lows Thursday after official data revealed a sharp increase in the January trade surplus, which offered support to the Aussie even after other figures showed household spending growth was underwhelming early in the New […]

EU’s Economic Collapse Brings on New ECB Initiatives

EU’s Economic Collapse Brings on New ECB Initiatives

$EUR FLASH: ECB will maintain current level of rates through the end of Y 2019 and launch new targeted longer-term refinancing operation (TLTRO-III) in September European Central Bank presented a huge set of monetary policy initiatives Thursday that sent economists and analysts on Twitter spinning. Below are some of their quick reactions as the EUR […]

Investors Want a Weaker USD, They Must be Patient for the ‘Buck’ to Weaken

Investors Want a Weaker USD, They Must be Patient for the ‘Buck’ to Weaken

$USD The Fed’s Beige Book was released Wednesday showing the US economy continues to be performing strongly. Manufacturing was stronger, employment remains strong across the economy, but bad weather and bad politics have taken their toll. On the latter, 50% of the reporting areas said that the government partial shutdown had been hurting local growth. […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Flat, Crude Oil Up, Stocks Down Notes: Investors are looking ahead to the ECB’s board meeting Thursday. The ECB is expected to pare growth forecasts and give its strongest signal yet that more stimulus is coming in the form of more cheap loans. Washington could lift most or all […]

Japanese Yen: USD/JPY (JPY=X) resistance near the ¥112 level

Japanese Yen: USD/JPY (JPY=X) resistance near the ¥112 level

Japanese Yen: USD/JPY (JPY=X) resistance near the ¥112 level The US dollar has rallied again during the trading session on Tuesday, slamming into the ¥112 level. This is a crucial level on the chart, and as a result if we can break above here on a daily close, perhaps clearing it by 25 pips or so, […]

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X)

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X)

Brexit woes and upbeat USD to pressure Euro: USD/EUR (EUR=X) The EURUSD pair yesterday saw a bearish breakout in American market hours as upbeat US macro data underpinned US Dollar’s positive price action in the broad market. Despite Wall Street continuing to see some level of bearish price action, US Greenback remained unaffected as last […]

Australian Dollar: USD/AUD (AUD=X) remains tilted to the downside as the flash-crash rebound stalls

Australian Dollar: USD/AUD (AUD=X) remains tilted to the downside as the flash-crash rebound stalls

Australian Dollar: USD/AUD (AUD=X) remains tilted to the downside as the flash-crash rebound stalls Australia’s Gross Domestic Product (GDP) report may produce a bearish reaction in AUD/USD as the growth rate is expected to increase 2.6% after expanding 2.8% per annum during the three-months through September. Evidence of a slowing economy may push the Reserve Bank […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: US Secretary of State Mike Pompeo said Monday he thought the United States and China were “on the cusp” of a deal to end their trade dispute, but President Trump will reject any deal that is not perfect. The WS-J reported Washington could lift […]

British Pound: USD/GBP (GBP=X) to continue steady downside action ahead of Carney’s Speech

British Pound: USD/GBP (GBP=X) to continue steady downside action ahead of Carney’s Speech

British Pound: USD/GBP (GBP=X) to continue steady downside action ahead of Carney’s Speech The GBPUSD pair has been on steady albeit slow downside price action since the trading session started for the week. While hopes for the possibility of delaying article 50 deadline continues to prevent a sharp decline in the immediate future, a clear […]

The Reserve Bank of Australia (RBA) meeting may keep Australian Dollar: USD/AUD (AUD=X) under pressure

The Reserve Bank of Australia (RBA) meeting may keep Australian Dollar: USD/AUD (AUD=X) under pressure

The Reserve Bank of Australia (RBA) meeting may keep Australian Dollar: USD/AUD (AUD=X) under pressure Recent comments from Governor Philip Lowe suggest the RBA will adopt a more dovish tone in 2019 as ‘available data suggest that the underlying trend in consumption is softer than it earlier looked to be,’ and the central bank may show a greater […]

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be

Japanese Yen: USD/JPY (JPY=X) investors waiting to see what the jobs number is going to be The US dollar is running into a significant amount of resistance at the ¥112 level, basically where we started the major selloff from. At this point, the market continues to go back and forth at this area, and quite frankly […]

Euro: USD/EUR (EUR=X) but at the 1.12 handle

Euro: USD/EUR (EUR=X) but at the 1.12 handle The Euro rolled over a bit during the trading session on Monday, as the pair of shooting star candles foretold of selling pressure. That being the case, we will probably reach down towards the bottom of the overall consolidation area, which is closer to the 1.12 handle. Somewhere […]

Canadian Dollar: USD/CAD (CAD=X) continues its upside movement

Canadian Dollar: USD/CAD (CAD=X) continues its upside movement

Canadian Dollar: USD/CAD (CAD=X) continues its upside movement The US Dollar has been moving with low volatility against the Canadian Dollar since Monday’s trading session. The currency pair made a 67 pips movement during the last 24 hours. Everything being equal, it is likely that the currency exchange rate continues its upside movement within this […]

Australian Dollar: USD/AUD (AUD=X) traders will looking for comments on the direction of interest rates

Australian Dollar: USD/AUD (AUD=X) traders will looking for comments on the direction of interest rates

Australian Dollar: USD/AUD (AUD=X) traders will looking for comments on the direction of interest rates The Australian and New Zealand Dollars finished sharply lower last week. The selling pressure was driven by a sharp rise in U.S. Treasury yields and weaker-than-expected domestic data. Comments were mixed over U.S.-China trade relations. Fed Chairman Jerome Powell reiterated […]

British Pound: USD/GBP (GBP=X) Risks To Downside

British Pound: USD/GBP (GBP=X) Risks To Downside

British Pound: USD/GBP (GBP=X) Risks To Downside The Pound US Dollar (GBP/USD) exchange rate clinched a second week of appreciation, spurred higher by a wave of Brexit-based optimism. Against the US Dollar, the £ cross gained 1.15% and was seen edging higher into Monday’s session, trading at $1.32416 at the time of writing. It’s a […]

Set Up in a British Tax Haven, Time to Move

Set Up in a British Tax Haven, Time to Move

Leaders of three tiny British islands gathered in London on Monday to try to head off proposed legislation aimed at increasing transparency and ending secret company ownership in their jurisdictions. Britain has been gradually ramping up its fight against money laundering and various tax avoidance and evasion schemes. But it has less say in the […]

FDI Will Lift China Growth

FDI Will Lift China Growth

China’s legislature will vote next week on a highly-anticipated bill that will bring “a fundamental change” for foreign investors, an official said Monday, in a move that could help ease US trade tensions. The draft foreign investment law will be the most closely watched item at the annual two-week session of the rubber-stamp National People’s […]

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting

Euro: USD/EUR (EUR=X) main focus will be the European Central Bank’s (ECB) policy meeting The Euro US Dollar (EUR/USD) exchange rate closed the initial gap higher in early Monday trading, falling from the weekly open of $1.13825 to trade at $1.13503 – a March low – at the time of writing. For the single currency, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Down, Crude Oil UP, Stocks Up Notes: The WS-J reported Sunday Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. In Asia Gold: Gold edged up Monday, after falling […]

Canadian Dollar: USD/CAD (CAD=X) economic data has been mixed

Canadian Dollar: USD/CAD (CAD=X) economic data has been mixed

Canadian Dollar: USD/CAD (CAD=X) economic data has been mixed USD/CAD had an uneventful week until Friday, when a soft GDP release out of Canada sent the pair sharply higher.Traders should keep an eye on the Bank of Canada rate announcement and employment data. As well, the annual budget could impact on the pair’s movement. Here is an […]

Australian Dollar: USD/AUD (AUD=X) to be determined by trader reaction to the main 50% level at .7079

Australian Dollar: USD/AUD (AUD=X) to be determined by trader reaction to the main 50% level at .7079

Australian Dollar: USD/AUD (AUD=X) to be determined by trader reaction to the main 50% level at .7079 The Australian Dollar finished lower last week, pressured by a surge in U.S. Treasury yields. However, losses were dampened by the hope of a trade deal between the United States and China. Better-than-expected U.S. Gross Domestic Product data […]

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March

Euro: USD/EUR (EUR=X) Headlines on Geopolitical Events To Dominate Price Momentum Across March In the month ahead the early half of will focus on Sino-U.S. trade talk as US President Donald Trump gave contradicting comments in the last week of February. While he first tweeted trade talks were proceeding in a favorable direction, following the […]

New Zealand Dollar: NZD/USD (NZD=X) Expected Change Weekly Trend to Down

New Zealand Dollar: NZD/USD (NZD=X) Expected Change Weekly Trend to Down

New Zealand Dollar: NZD/USD (NZD=X) Expected Change Weekly Trend to Down Rising U.S. Treasury yields and weaker-than-expected domestic data weighed on the New Zealand Dollar last week. The price action suggests the selling is likely to continue early this week. Treasury yields were driven sharply higher by stronger-than-expected U.S. Gross Domestic Product data, which helped […]

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335

Japanese Yen: USD/JPY (JPY=X) Appetite for Risk Could Trigger Surge Over 112.335 The Dollar/Yen rose to its highest level since December 20 last week as demand for higher risk assets jumped amid a more upbeat outlook on some of the major economies of the world and the prospect of a trade deal between the United […]

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