June 19, 2019 at 05:51AM The US-China trade war was back in focus Wednesday with hopes of a thaw between Donald Trump and Xi Jinping underpinning broad optimism. Continue Reading… From: David […]
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Trump Asked White House Lawyers for Options on Removing Powell
June 19, 2019 at 01:30AM Trump Asked White House Lawyers for Options on Removing Powell Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/trump-asked-white-house-lawyers-for-options-on-removing-powell-1901283 Selected by fonecable.com Search Web: Trump Asked White House […]
BlackRock Is Shorting the Australian Dollar
June 18, 2019 at 11:20PM BlackRock Is Shorting the Australian Dollar Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/blackrock-is-shorting-the-australian-dollar-1901231 Selected by fonecable.com Search Web: BlackRock Is Shorting the Australian Dollar
Forex – Dollar, Euro Near Flat as Trump Accuse Draghi of Weakening Currencies
June 19, 2019 at 04:49AM Forex – Dollar, Euro Near Flat as Trump Accuse Draghi of Weakening Currencies Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–dollar-euro-near-flat-as-trump-accuse-draghi-of-weakening-currencies-1901340 Selected by fonecable.com Search Web: Forex […]
Crude Oil Prices May Fall with Stocks on Fed Rate Outlook Update
June 19, 2019 at 03:00AM Crude oil prices may fall alongside stocks the Federal Reserve disappoints hopes for sharp dovish shift in the official outlook for interest rates, cooling risk appetite. Continue […]
USDMYR Uptrend Support Eyed as USDPHP May Fall to Key Price Level
June 19, 2019 at 04:30AM The USDMYR uptrend was kept intact by a rising trend line, will it hold again? USDPHP pressured lower by falling resistance and may be looking at another […]
ASX 200 Aims At Record High As Technicals, Fundamentals Align
June 19, 2019 at 03:20AM The ASX 200 has weathered risk aversion storms with surprising comfort and looks very well placed now that they seem to be subsiding. Continue Reading… From: David […]
BRL Eyeing Selic Rate, Banco do Brazil and FOMC Commentary
June 19, 2019 at 01:30AM The Brazilian Real may fall if commentary from central bank officials is underscored by dovish undertones – FOMC commentary also poses major risk to BRL volatility. Continue […]
Gold Price Forecast: RSI Triggers Overbought Signal Ahead of FOMC
June 19, 2019 at 01:32AM Recent price action in gold keeps the topside targets on the radar ahead of the FOMC interest rate decision as the RSI pushes into overbought territory. Continue […]
Crude Oil Prices Eye Reversal on G20 Trade Deal Bets, Stocks Rally
June 19, 2019 Crude oil prices breached resistance before the Fed as AUDUSD, NZDUSD rallied with stocks on US-China G20 trade deal bets. ECB’s Mario Draghi sank the Euro as he alluded […]
DAX 30 Price Surges to Resistance, Posts Biggest Gain in 5 Months
June 18, 2019 at 10:30PM On the back of materially dovish remarks from the ECB, the German DAX 30 surged to key Fibonacci resistance as the Index posted its biggest intraday gain […]
Top 5 Events: June Fed Meeting Preview & EURUSD Forecast
June 18, 2019 at 09:30PM The June Fed meeting will conclude on Wednesday, June 19 at 18:00 GMT with Fed Chair Jerome Powell’s press conference starting at 18:30 GMT. Continue Reading… From: […]
GBP: Boris Johnson Inches Closer to Topping Tory Leadership Vote
June 18, 2019 at 09:00PM The second round of votes by British MPs just released underscored Boris Johnson as the clear favorite to become the next UK Prime Minister. Continue Reading… From: […]
Pre-FOMC Price Action Setups in USD/JPY, AUD/USD, Crude Oil and Gold
June 18, 2019 at 08:48PM Tomorrow brings the FOMC, and there’s little expectation for any actual moves. The driver, and the devil, will be in the details, however. Continue Reading… From: James […]
Italy’s Mini-BOTs: Fiscal Stimulus or Illegal Parallel Currency?
June 18, 2019 at 07:30PM Matteo Salvini’s government continues to drive up risk premiums as key figures hint at the possibility of issuing small government securities to overcome their ongoing budget crisis. […]
US Trade Rep Lighthizer Testifies Before Senate Committee on USMCA
June 18, 2019 at 07:05PM USTR Lighthizer testified before the Senate Finance Committee Tuesday morning as Congress continues to maul over the fine print of the USMCA as proponents attempt to inch […]
Trump says he and China’s Xi spoke, will have ‘extended meeting next week’ at G-20
June 18, 2019 at 07:07PM President Donald Trump said Tuesday that he and Chinese President Xi Jinping “will be having an extended meeting next week at the G-20 in Japan.” In a […]
Kiwi Price Outlook: New Zealand Dollar Counter-Offensive, First Test
June 18, 2019 at 06:00PM A defense of the yearly lows in Kiwi has the recovery testing initial resistance targets ahead of the Fed. Here are the levels that matter on the […]
EURJPY, EURUSD Rates Hit by Selling Pressure after Draghi Comments
June 18, 2019 at 05:07PM With ECB President Mario Draghi talking up the possibility of more stimulus, the Euro is under renewed pressure across the board. Continue Reading… From: Christopher Vecchio, CFA […]
Gold Price Gears Up for Another Shot at Big-Picture Breakout
June 18, 2019 at 04:34PM Gold prices have remained on the move so far in June, but a big area of long-term resistance has come back into play. Can buyers finally elicit […]
USDCNH Drops, Dow Jones Pops as Trump and Xi Set to Meet at G20
June 18, 2019 at 04:15PM The Dow Jones added to already-established gains on Tuesday after President Trump announced he would meet with Chinese President Xi Jinping in Japan next week. Continue Reading… […]
Forex – Euro Falls, Dollar Rises as Trump Puts Pressure on Fed to Cut Rates
June 18, 2019 at 04:05PM Forex – Euro Falls, Dollar Rises as Trump Puts Pressure on Fed to Cut Rates Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–euro-falls-dollar-rises-as-trump-puts-pressure-on-fed-to-cut-rates-1900744 Selected by fonecable.com Search […]
WTI Wave Analysis – 18 June, 2019
June 18, 2019 at 04:11PM WTI reversed from support area Further gains are likely WTI recently reversed up sharply from the support area lying between the multi-month support level 51.70 (which has […]
NZDCAD Wave Analysis – 18 June, 2019
June 18, 2019 at 04:10PM NZDCAD reversed from support area Further gains are likely NZDCAD recently reversed up sharply from the combined support area lying between the key support level 0.8700 (low […]
Why $10,000 is so important for Bitcoin
June 18, 2019 at 03:44PM Over the past week, the benchmark cryptocurrency increased by more than 15%. At the moment, BTC is trading around $9250, confidently stepping over the threshold $9000. Thus, […]
Crude Oil Price Downtrend May be Over – Implications for USDCAD Rates
June 18, 2019 at 03:12PM Crude oil prices have closed below their daily 8-EMA every session since May 22. The bullish key reversal forming today suggests the downtrend may be coming to […]
Credit Suisse Sees Franc Eventually Hitting Parity With Euro
June 18, 2019 at 01:50PM Credit Suisse Sees Franc Eventually Hitting Parity With Euro Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/credit-suisse-sees-franc-eventually-hitting-parity-with-euro-1900549 Selected by fonecable.com Search Web: Credit Suisse Sees Franc Eventually […]
Currency Wars: Trump Blasts Dovish Draghi on Talk of Rate Cuts and QE – US Market Open
June 18, 2019 at 02:00PM Dovish Draghi delivers as the Euro moves below 1.12, while inflation expectations rise over 5% after the ECB President paves the way for further stimulus. Continue Reading… […]
US Dollar Price Outlook: USD Back to 97.70, Bulls Push Ahead of FOMC
June 18, 2019 at 01:30PM US Dollar bulls have come back to bid the currency higher after a test of a big zone of support. But can they keep control through tomorrow’s […]
Market Sentiment Stabilizing | Webinar
June 18, 2019 at 12:40PM Risk appetite remains poor in the financial markets but confidence seems to be steadying even though the geopolitical backdrop remains unhelpful. Continue Reading… From: Martin Essex, MSTA […]
Dollar Chart Outlook: EURUSD, AUDUSD, USDJPY & More
June 18, 2019 at 12:30PM The Dollar is propelling its way higher towards resistance; can it break out or will it be more of the same, stop and reverse? Continue Reading… From: […]
FTSE 100 vs FTSE 250: Impact of GBPUSD and Brexit Outlook
June 18, 2019 at 12:05PM Risks to the UK are increasingly tilted to the downside as no-deal Brexit risks rise. Focus is on the impact that GBPUSD and Brexit has on UK […]
Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000
June 18, 2019 at 11:43AM Bitcoin is back! The world’s No. 1 cryptocurrency is on fire, with a price approaching $10,000, pushing the digital asset near its highest level in more than […]
Euro falls sharply as ECB’s Draghi clears path for more stimulus
June 18, 2019 at 11:23AM European Central Bank (ECB) President Mario Draghi defended the tools that the institute has available on Tuesday, saying that it could cut interest rates again or provide […]
Facebook leads consortium creating Libra digital currency, launches Calibra digital wallet
June 18, 2019 at 11:05AM – Facebook is leading a consortium creating a new digital currency called Libra.Other members include payments companies Visa, Stripe, PayPal and Mercado Pago, and that will help […]
Sterling (GBP) Gripped by UK Leadership Vote, Hard Brexit Fears
June 18, 2019 at 10:30AM GBPUSD continues to struggle around 2019 lows as the second round of voting for the Conservative leadership continues with the result expected late afternoon. And Brexiteer Boris […]
EUR Hit Hard as Draghi Hints at Further QE, Key Focus on ECB Sintra Panel
June 18, 2019 at 10:30AM EUR is eyeing its worse trading day in June as Mario Draghi reiterates that further economic stimulus is to be expected if market conditions continue to worsen. […]
US Dollar Price Eying FOMC Meeting – USD/CAD Price Important Resistance to Watch
June 18, 2019 at 10:26AM Last week USD/CAD returned to the old consolidation zone. Here are the levels USD/CAD could be eying and the key prices that need to be considered. Continue […]
Stock markets pending a Fed decision
June 18, 2019 at 09:25AM Market Focus This week investors’ attention will be closely focused on the FOMC Minutes, as well as the Bank of Japan and the Bank of England meetings. […]
Gold Price Chart Patterns Set It Up for Selling This Week
June 18, 2019 at 09:10AM Gold posted a strong reversal on Friday at a very big area of resistance; both gold and silver look headed lower in the days ahead. Continue Reading… […]
FxPro Daily Insight for June 18
June 18, 2019 at 08:53AM Market overview Markets cautiously silent before FOMC Decision on Wednesday. USD adds to most currencies except EUR, JPY as a sign of risk aversion. Gold returned to […]
Forex – Sterling at 2019 Lows on Brexit Fears, Aussie Slides
June 18, 2019 at 08:30AM Forex – Sterling at 2019 Lows on Brexit Fears, Aussie Slides Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–sterling-at-2019-lows-on-brexit-fears-aussie-slides-1900216 Selected by fonecable.com Search Web: Forex – Sterling […]
GBP Could Be Hit if US-China Trade War Makes London Pick a Side
June 18, 2019 at 07:30AM Despite some well-publicized wobbles, the UK has walked the tightrope between Washington and Beijing quite well. Will it ever have to choose between them? Continue Reading… From: […]
Euro Braces for German ZEW Survey, Commentary from ECB and Draghi
June 18, 2019 at 07:30AM EURUSD may fall if German ZEW data underperforms and commentary from ECB officials continues to underscore a need to introduce more Eurozone stimulus. Continue Reading… From: Dimitri […]
Crude Oil, Gold Prices Look to Fed Rate Decision for Direction Cues
June 18, 2019 at 04:30AM Crude oil and gold prices are looking ahead to the Federal Reserve policy announcement for direction cues. The balance of risks seems to bode ill for commodities. […]
Forex – Pound Little Changed Despite Fears of No-Deal Brexit
June 18, 2019 at 06:24AM Forex – Pound Little Changed Despite Fears of No-Deal Brexit Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–pound-little-changed-despite-fears-of-nodeal-brexit-1900171 Selected by fonecable.com Search Web: Forex – Pound Little […]
USDNOK’s Recovery May be Threatened by Dovish FOMC Commentary
June 18, 2019 at 06:00AM After breaking below the lower lip of critical range, USDNOK has re-entered the area and is now aiming to breach the upper bound, though this could be […]
Rupee Outlook Bearish if Trump Expands Trade War to India
June 18, 2019 at 06:00AM The Rupee may weaken if Donald Trump slaps tariffs on India after Prime Minister Narendra Modi retaliated and raised levies on US goods, fueling trade war fears […]
US Dollar May Sink if China Dumps Treasury Bonds. Will It Happen?
June 18, 2019 at 04:30AM The US Dollar is likely to plunge if China deploys the “nuclear option” in its trade war with the US, selling its Treasury bond holdings. Is this […]
Australian Dollar Wilts As RBA Minutes Say More Rate Cuts Likely
June 18, 2019 at 02:17AM The Australian Dollar took a hit Tuesday as the minutes of the RBA’s last monetary policy meeting found rate setters saying that further rate cuts are probable. […]
Pound at 5-1/2-month low as Johnson leads, Aussie vulnerable
June 18, 2019 at 02:05AM Pound at 5-1/2-month low as Johnson leads, Aussie vulnerable Continue Reading… Author: Reuters | Post link: https://www.investing.com/news/forex-news/pound-at-512month-low-as-johnson-leads-aussie-vulnerable-1900087 Selected by fonecable.com Search Web: Pound at 5-1/2-month low as […]
RBA Minutes to Offer AUDUSD Little Relief Ahead of FOMC Meeting
June 18, 2019 at 01:00AM The RBA Minutes may do little to prop up AUDUSD ahead of the FOMC meeting as the exchange rate extends the series of lower highs and lows […]
Euro Currency Volatility Sets Draghi, ZEW Survey in Crosshairs
June 17, 2019 at 10:11PM The Euro is at risk of swinging throughout the week in response to a series of speeches from ECB President Mario Draghi. Also, the high-impact ZEW survey […]
GBPUSD Near-Term Outlook Bearish as US Dollar Gains, AUD May Rise
June 18, 2019 The Pound Sterling outlook turned more bearish after GBPUSD cleared support as the Dollar gained and the Euro weakened. AUDUSD may rise if the RBA downplays near-term rate cut […]
Dow Jones Bulls Hold to Dovish Hopes Ahead of Fed Meeting
June 17, 2019 at 08:30PM The Dow Jones tracked marginally higher on Monday as traders prepared for Wednesday’s FOMC meeting. With trade wars and an uncertain global growth outlook, dovish expectations are […]
Canadian Dollar Price Outlook: USD/CAD Recovery Eyes Trend Resistance
June 17, 2019 at 07:06PM The US Dollar recovery has put Loonie on the defensive with price now approaching a key inflection zone. Here are the levels that matter on the USD/CAD […]
US Dollar Bounces at Support While Gold Prices Stuck Below Resistance
June 17, 2019 at 06:05PM US Dollar bounces at nine-month support line. Gold price Elliott wave outlook towards lower levels on the inability to break through resistance. Continue Reading… From: Jeremy Wagner, […]
USD, Gold & Stock Price Volatility Eye Looming Fed Meeting
June 17, 2019 at 05:30PM What might implied volatility measures suggest about the next direction in spot gold, the US Dollar and stocks ahead of this week’s FOMC rate decision? Continue Reading… […]
Weekly Trade Levels for US Dollar, Euro, Sterling, Aussie, Gold & Oil
June 17, 2019 at 05:00PM Webinar highlighting active trade setups we’re tracking into the FOMC this week. Here are the targets & invalidation levels that matter on the technical charts. Continue Reading… […]
Soy Wave Analysis – 17 June, 2019
June 17, 2019 at 04:36PM Soy broke resistance area Further gains are likely Soy recently broke sharply through the resistance area lying between the key resistance level 894.00 (top of the previous […]
NZDCHF Wave Analysis – 17 June, 2019
June 17, 2019 at 04:34PM NZDCHF reversed from support area Further gains are likely NZDCHF recently reversed up sharply from the combined support area lying between the key support level 0.6470 (which […]
Forex – U.S. Dollar Falls as New York Manufacturing Activity Slumps
June 17, 2019 at 04:26PM Forex – U.S. Dollar Falls as New York Manufacturing Activity Slumps Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–us-dollar-falls-as-new-york-manufacturing-activity-slumps-1899627 Selected by fonecable.com Search Web: Forex – U.S. […]
Copper Price May Probe Two-Year Low
June 17, 2019 at 04:30PM Copper price U turned the last week hinting to resume its paused bearish price action. Here are the key technical levels to consider. Continue Reading… From: Mahmoud […]
FX Week Ahead – Top 5 Events: UK Inflation, Canada Inflation, Fed Meeting, New Zealand GDP, BOJ Meeting
June 17, 2019 at 04:00PM At long last, the highly anticipated June Fed meeting is on deck. All other economic data releases will be playing second fiddle over the coming week. Continue […]
US Dollar Price Outlook: USD Bounce in Focus as FOMC Forecast Looms
June 17, 2019 at 02:30PM The US Dollar put in a brisk recovery last week from the early-June sell-off; but with FOMC on Wednesday, will USD-bears be able to push down to […]
GBPUSD Bounces Off Key Trendline Support from Flash Crash Low – US Market Open
June 17, 2019 at 01:35PM Central banks are in focus this week with rate decisions from the Fed and BoE, while Draghi is scheduled to speak at Sintra. Continue Reading… From: Justin […]
Weekly Technical Forecast: Dow and EURUSD Reverse, Gold and Oil Extend Runs
June 17, 2019 at 01:30PM Faced with the prospect of forcing key breakouts that could systemically alter the markets bearing, the US indices and EURUSD instead folded to technical pressure. Not all […]
Weekly Trading Forecast: Fed Hopes Compete with Trade War Fears
June 17, 2019 at 01:30PM A week ago, it seemed that some relief from trade wars would filter through to stimulate further relief rallies. As we move into the new trading week, […]
DAX 30 & CAC 40 Charts Stabilizing, Looking Higher
June 17, 2019 at 12:00PM So far, the German and French benchmarks are digesting the recent ramp in a constructive manner, this suggests more strength could soon be in store. Continue Reading… […]
Market Watchers See China Holding Firm on Yuan for Rest of June
June 17, 2019 at 09:40AM Continue Reading… Author: Bloomberg https://www.investing.com/news/forex-news/market-watchers-see-china-holding-firm-on-yuan-for-rest-of-june-1899157 Selected by fonecable.com Search Web: Market Watchers See China Holding Firm on Yuan for Rest of June
EUR Price Forecast: EUR/JPY May Resume Bearish Price Action
June 17, 2019 at 10:38AM On June 11 EUR/JPY carved out a lower high hinting to continue its bearish momentum. Here are the chart points need to be kept in focus. Continue […]
US Dollar Outlook Less Bullish, CHF Shorts Cut, CAD Longs Boosted – COT Report
June 17, 2019 at 10:30AM USD bullish positioning had been cut by $2.5bln vs. G10 currencies, while CHF sees a short squeeze on increased risk averse sentiment. Continue Reading… From: Justin McQueen […]
Bitcoin (BTC) Price Surge, Facebook Cryptocurrency Mooted
June 17, 2019 at 10:28AM Bitcoin’s recent rally continues apace and is now eyeing $10,000, a level not seen since for over a year. Traders also need to watch out for any […]
Crude Oil Price Action Weak, Has Room to Drop
June 17, 2019 at 09:30AM Oil is failing to garner much buying pressure despite its decline since April, suggesting further weakness ahead towards long-term support levels. Continue Reading… From: Paul Robinson Selected […]
Gold Price Outlook Positive, Silver Price Continues to Struggle
June 17, 2019 at 08:59AM Gold has slipped back from its recent 14-month high, but the chart remains positive ahead of this Wednesday’s FOMC meeting. Silver’s move above $15 may prove fleeting. […]
Bit-comment: Another breakthrough for the Bitcoin
June 17, 2019 at 09:09AM Bitcoin has made yet another breakthrough on the weekend. On Sunday BTCUSD rose above the $9000 and then updating the 13-month highs at $9324. Over the last […]
Weekly Trading Forecast: Fed Hopes Compete with Trade War Fears
June 16, 2019 at 05:00PM A week ago, it seemed that some relief from trade wars would filter through to stimulate further relief rallies. As we move into the new trading week, […]
Forex – Dollar Steady near 2-Week Highs with Fed Meeting in Focus
June 17, 2019 at 08:51AM Continue Reading… Author: Investing.com https://www.investing.com/news/forex-news/forex–dollar-steady-near-2week-highs-with-fed-meeting-in-focus-1899138 Selected by fonecable.com Search Web: Forex – Dollar Steady near 2-Week Highs with Fed Meeting in Focus
Market review and major upcoming events
June 17, 2019 at 08:25AM FX: USD gained 0.6% on Friday, strengthening against most major currencies. Stocks: The Key indices inched higher on Monday morning Commodities: Brent went back above $61, despite […]
EURUSD May Fall on Draghi Comments – Italy Budget Risks Escalating
June 17, 2019 at 07:30AM EURUSD will be watching tomorrow’s meeting in Portugal where ECB officials – along with BoE Governor Mark Carney – will be discussing whether the Eurozone needs more […]
Gold Price Chart Hints at Topping Before Key Fed Policy Meeting
June 17, 2019 at 06:00AM Gold price chart positioning hints that a top may be in the works ahead of the upcoming FOMC meeting after last week’s capitulation at 14-month highs. Continue […]
Asian Stocks Mixed As Markets Look To Fed, Mull US Retail Sales
June 17, 2019 at 06:23AM US futures markets still see a reduction in interest rates shortly despite some renewed strength in key data metrics. The Dollar rose nevertheless Continue Reading… From: David […]
Forex – U.S. dollar Slips as Markets Await Fed Policy Meeting
June 17, 2019 at 04:37AM Continue Reading… Author: Investing.com https://www.investing.com/news/forex-news/forex–us-dollar-slips-as-markets-await-fed-policy-meeting-1899045 Selected by fonecable.com Search Web: Forex – U.S. dollar Slips as Markets Await Fed Policy Meeting
