Week Ahead – Spotlight on ECB and BoJ as Growth Jitters Persist; China GDP also Eyed
The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a...
Canada: Air Travel Drives a Modest Climb in December Inflation
Canadian consumer price inflation was 2.0% y/y in December, up a bit from November's 1.7% pace. Markets were looking for a repeat of November's...
Stocks Roar On Hopes Of Trade Deal | Ryanair And Netflix To Watch
European markets and US futures are trading sharply higher today building on the optimism around the US-China trade talks. We have seen significant increase...
Trade Hopes Lift Markets, Pound Cruises Higher
Stocks advance, safe-havens tumble on reports US could roll back China tariffs
In the UK, sterling surged without Brexit news; sentiment is improving
...
Market Wrap: Markets High On Hopium
China is thinking of coperating with the US and Trump may abolish the trade tariffs, what else do you need?
Stocks
The S&P 500 Index...
Fundamental Analysis
Australia & New Zealand Weekly
Week beginning 21 January 2019
Australia: Westpac-MI Leading Index, employment.
NZ: CPI.
China: GDP, retail sales, fixed asset investment, industrial production.
Euro Area: ECB...
Fundamental Analysis
Week Ahead – Spotlight on ECB and BoJ as Growth Jitters Persist; China GDP also Eyed
The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a...
Fundamental Analysis
Weekly Focus – More Weakness ahead Before Relief
Market movers ahead
In the US, the government shutdown keeps data releases at a minimum. Next week, the Markit PMIs are the most important...
Technical Analysis
EURJPY Looks To Recover Further Higher Towards 125.08 Zone
EURJPY looks to recover further higher towards 125.08 zone as it eyes price extension. Support comes in at the 124.50 level where a break...
Fundamental Analysis
Canadian Inflation Surprised to the Upside in December (Airfares Again!)
Highlights:
Headline CPI inflation unexpectedly jumped to 2.0% in December from 1.7% in November.
Airfares rose 22% month-over-month with methodology changes to that component...
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PBOC’s Aggressive Liquidity Injection Reveals Severe Growth Slowdown
PBOC has aggressively increased market liquidity. In the form of reverse repo operations, the central bank announced Wednesday that a total of RMB 570B...
PM May’s Brexit Deal Rejected. What Next?
The UK Parliament rejected the Brexit deal (Withdrawal Agreement) proposed by PM Theresa May at 432 to 202 votes. The 230- vote margin marks...
Brexit Monitor: The Waiting Game – Brexit Edition
As widely expected, PM Theresa May’s Brexit deal failed in the House of Commons. The defeat, however, was bigger than expected, 432 against versus...
FX 2019 – EUR’s Upside Limited by Growth Deceleration and Political Risks
GDP growth should have moderated in 4Q18 and would remain lukewarm 1H19. Although the Italian government eventually backed down in the budget plan, political...
Week Ahead – Spotlight on ECB and BoJ as Growth Jitters Persist; China GDP also Eyed
The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a...
Weekly Focus – More Weakness ahead Before Relief
Market movers ahead
In the US, the government shutdown keeps data releases at a minimum. Next week, the Markit PMIs are the most important...
Sunset Market Commentary
Markets
Global core bonds lost ground today as risk sentiment turned positive again. The WSJ posted that US Secretary of Treasury Steven Mnuchin is striving...
Market Sentiment Lifted by Renewed Trade Optimism
It was a week defined by Brexit drama, US-China trade developments and ongoing political uncertainty in Washington.
Renewed optimism over US-China trade talks stimulated global...
AUD/USD Outlook: US/China Optimism Keeps Aussie Afloat Despite Repeated Rejections At Cloud Base
The trades within narrow range on Friday, but the sentiment remains positive on US/China talks optimism, keeping the downside limited.
Thursday's spike to 0.7221 following...
US 30 Index Crosses Above 50-Day SMA, Neutral In Short-Term
The US 30 index staged a major recovery in recent weeks, after touching an 18-month low on December 26. Price action is now taking...
Dollar Supported By US Trade optimism
Friday January 18: Five things the markets are talking about
Improved market and investor optimism for Sino-U.S trade talks saw global equities and U.S stock...
Time For A Bullish EUR View
Euro has been unable to gain traction against major G10 peers suggesting mounting downside risk. The rationale seems clear for bearish sentiment. Incoming economic...
USD/JPY Outlook: Bulls Look For 110.00+ After Clearing 109.15 Pivot
The pair extends recovery to new two-week high at 109.59 on Friday after bullish signal was generated on Thursday’s close above 109.15 pivot (daily...
GBPUSD Testing Key Intraday Support
The British pound is now testing towards key intraday support against the US dollar after fading lower from the psychological 1.3000 level during the...
Week Ahead – Spotlight on ECB and BoJ as Growth Jitters Persist; China GDP also Eyed
The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a...
Weekly Focus – More Weakness ahead Before Relief
Market movers ahead
In the US, the government shutdown keeps data releases at a minimum. Next week, the Markit PMIs are the most important...
EURJPY Looks To Recover Further Higher Towards 125.08 Zone
EURJPY looks to recover further higher towards 125.08 zone as it eyes price extension. Support comes in at the 124.50 level where a break...
EURGBP Pares Some Losses after Strong Sell Off in Near Term
EURGBP has been erasing the strong bearish rally that was created the previous six consecutive days, sending prices towards a new two-month trough of...
Time For A Bullish EUR View
Euro has been unable to gain traction against major G10 peers suggesting mounting downside risk. The rationale seems clear for bearish sentiment. Incoming economic...
EURUSD Price Action Condolidates
The euro continues to consolidate around the 1.1400 level against the US dollar, with the pair trading in an increasingly narrow range. The Average...
EUR/USD Retraced By 55-Hour SMA
During the previous trading session, the rate was resisted by the 55-hour simple moving average to push the rate to the 1.3600 level as...
EUR/USD – Euro Drifting On Lack Of Key Indicators
EUR/USD is showing little movement in the Friday session. Currently, the pair is trading at 1.1404, up 0.14% on the day. In economic news,...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13923
Open: 1.13912
% chg. over the last day: -0.07
Day's range: 1.13824 – 1.13985
52 wk range:...
EUR/USD Outlook: Bears Look For Extension Below 55SMA/Daily Cloud Base After Consolidation, Cloud Top To Cap Upticks
The Euro holds in consolidative mode above new two-week low at 1.1370, posted on Thursday, as bears repeatedly failed to clearly break below 55SMA...
Week Ahead – Spotlight on ECB and BoJ as Growth Jitters Persist; China GDP also Eyed
The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a...
EURJPY Looks To Recover Further Higher Towards 125.08 Zone
EURJPY looks to recover further higher towards 125.08 zone as it eyes price extension. Support comes in at the 124.50 level where a break...
USD/JPY Outlook: Bulls Look For 110.00+ After Clearing 109.15 Pivot
The pair extends recovery to new two-week high at 109.59 on Friday after bullish signal was generated on Thursday’s close above 109.15 pivot (daily...
USD/JPY Will Stay At 109.40
During the previous trading session, the US Dollar appreciated against the Japanese Yen by 32 pips or 0.29%, breaking the resistance level of the...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13923
Open: 1.13912
% chg. over the last day: -0.07
Day's range: 1.13824 – 1.13985
52 wk range:...
Forex Technical Analysis: EUR/USD, USD/JPY, GBP/USD
EUR/USD
Current level - 1.1388
The outlook remains bearish, for a slide towards 1.1310, en route to 1.1214 lows. Initial resistance lies at 1.1415, followed by...
Pound Strengthens As Market Eyes Soft Brexit
GBP strengthened against the USD yesterday, as trader’s optimism for a soft Brexit grew and that a no-deal Brexit could be avoided, according to...
Global Markets Rise As Trade Optimism Returns
The US stock market ended the day higher after a report said that Trump officials are thinking to reduce tariffs on Chinese imported goods....
Trade Hopes Lift Markets, Pound Cruises Higher
Stocks advance, safe-havens tumble on reports US could roll back China tariffs
In the UK, sterling surged without Brexit news; sentiment is improving
...
USD/JPY The Bias Remains Bullish
Pivot (invalidation): 109.10
Our preference Long positions above 109.10 with targets at 109.75 & 110.00 in extension.
Alternative scenario Below 109.10 look for further downside with...
Week Ahead – Spotlight on ECB and BoJ as Growth Jitters Persist; China GDP also Eyed
The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a...
Weekly Focus – More Weakness ahead Before Relief
Market movers ahead
In the US, the government shutdown keeps data releases at a minimum. Next week, the Markit PMIs are the most important...
Sunset Market Commentary
Markets
Global core bonds lost ground today as risk sentiment turned positive again. The WSJ posted that US Secretary of Treasury Steven Mnuchin is striving...
Market Sentiment Lifted by Renewed Trade Optimism
It was a week defined by Brexit drama, US-China trade developments and ongoing political uncertainty in Washington.
Renewed optimism over US-China trade talks stimulated global...
EURGBP Pares Some Losses after Strong Sell Off in Near Term
EURGBP has been erasing the strong bearish rally that was created the previous six consecutive days, sending prices towards a new two-month trough of...
Dollar Supported By US Trade optimism
Friday January 18: Five things the markets are talking about
Improved market and investor optimism for Sino-U.S trade talks saw global equities and U.S stock...
Time For A Bullish EUR View
Euro has been unable to gain traction against major G10 peers suggesting mounting downside risk. The rationale seems clear for bearish sentiment. Incoming economic...
GBPUSD Testing Key Intraday Support
The British pound is now testing towards key intraday support against the US dollar after fading lower from the psychological 1.3000 level during the...
GBP/USD Keeps Surging Upwards
During Thursday's trading session, the currency exchange rate broke the upper boundary of the medium pattern line at the 1.2908 mark. Note, due to...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13923
Open: 1.13912
% chg. over the last day: -0.07
Day's range: 1.13824 – 1.13985
52 wk range:...
USD/CHF Supported By A Rising Trend Line
Pivot (invalidation): 0.9920
Our preference Long @ 0.9938 with targets @ 0.9955 & 0.9970 in extension.
Alternative scenario Below 0.9920 look for further downside with 0.9905...
Swiss Franc Reverses Its Losses In The Morning Session
For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9942.
In the Asian session, at GMT0400, the...
Sterling Unchanged As Theresa May Survives Vote Of No Confidence
Sterling was little moved after Theresa May survived a vote of no confidence yesterday. The vote was introduced by Labor party leader Jeremy Corbyn....
USD/CHF Supported By A Rising Trend Line
Pivot (invalidation): 0.9885
Our preference Long positions above 0.9885 with targets at 0.9930 & 0.9950 in extension.
Alternative scenario Below 0.9885 look for further downside with...
Swiss Franc Trading Lower In The Morning Session
For the 24 hours to 23:00 GMT, the USD rose 0.20% against the CHF and closed at 0.9900.
In the Asian session, at GMT0400, the...
USD/CHF Further Upside
Pivot (invalidation): 0.9845
Our preference Long positions above 0.9845 with targets at 0.9895 & 0.9930 in extension.
Alternative scenario Below 0.9845 look for further downside with...
Swiss Franc Trading Flat In The Morning Session
For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CHF and closed at 0.9879.
In the Asian session, at GMT0400, the...
USD/CHF Key Resistance At 0.9820
Pivot (invalidation): 0.9820
Our preference Short positions below 0.9820 with targets at 0.9795 & 0.9770 in extension.
Alternative scenario Above 0.9820 look for further upside with...
Swiss Franc Trading A Tad Higher In The Asian Session
For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9810.
In economic news, Switzerland’s total sight deposits...
USD/CHF The Bias Remains Bullish
Pivot (invalidation): 0.9815
Our preference Long positions above 0.9815 with targets at 0.9855 & 0.9880 in extension.
Alternative scenario Below 0.9815 look for further downside with...
Canadian Inflation Surprised to the Upside in December (Airfares Again!)
Highlights:
Headline CPI inflation unexpectedly jumped to 2.0% in December from 1.7% in November.
Airfares rose 22% month-over-month with methodology changes to that component...
Canada: Air Travel Drives a Modest Climb in December Inflation
Canadian consumer price inflation was 2.0% y/y in December, up a bit from November's 1.7% pace. Markets were looking for a repeat of November's...
Canadian Dollar Steady ahead of CPI
USD/CAD has posted small gains in the Friday session, recovering the losses from Thursday. Currently, the pair is trading at 1.3265, down 0.12% on...
The Analytical Overview Of The Main Currency Pairs
The EUR/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.13923
Open: 1.13912
% chg. over the last day: -0.07
Day's range: 1.13824 – 1.13985
52 wk range:...
Trade Hopes Lift Markets, Pound Cruises Higher
Stocks advance, safe-havens tumble on reports US could roll back China tariffs
In the UK, sterling surged without Brexit news; sentiment is improving
...
USD/CAD Key Resistance At 1.3300
Pivot (invalidation): 1.3300
Our preference Short positions below 1.3300 with targets at 1.3245 & 1.3220 in extension.
Alternative scenario Above 1.3300 look for further upside with...
USDCAD Finds Significant Resistance Near 23.6% Fibonacci Region
USDCAD has been struggling below the 23.6% Fibonacci retracement level of the upleg from 1.2060 to 1.3663, around 1.3285 over the last seven days,...
Loonie Trading A Tad Higher In The Asian Session
For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD and closed at 1.3280.
In the Asian session, at GMT0400, the...
Canadian Inflation Figures Due as Loonie Tracks Oil Prices
The latest inflation data out of Canada will hit the markets on Friday, at 1330 GMT. While these figures are always important for market...
Canadian Dollar Dips ahead of Canadian ADP Nonfarm Payrolls
USD/CAD has posted gains in the Thursday session. Currently, the pair is trading at 1.3302, up 0.35% on the day. On the release front,...
Australia & New Zealand Weekly
Week beginning 21 January 2019
Australia: Westpac-MI Leading Index, employment.
NZ: CPI.
China: GDP, retail sales, fixed asset investment, industrial production.
Euro Area: ECB...
AUD/USD Outlook: US/China Optimism Keeps Aussie Afloat Despite Repeated Rejections At Cloud Base
The trades within narrow range on Friday, but the sentiment remains positive on US/China talks optimism, keeping the downside limited.
Thursday's spike to 0.7221 following...
AUD/USD The Upside Prevails
Pivot (invalidation): 0.7175
Our preference Long positions above 0.7175 with targets at 0.7205 & 0.7220 in extension.
Alternative scenario Below 0.7175 look for further downside with...
Aussie Trading Higher In The Morning Session
For the 24 hours to 23:00 GMT, the AUD rose 0.24% against the USD and closed at 0.7186.
LME Copper prices rose 0.4% or $22.0/MT...
AUD/USD The Downside Prevails
Pivot (invalidation): 0.7190
Our preference Short positions below 0.7190 with targets at 0.7145 & 0.7130 in extension.
Alternative scenario Above 0.7190 look for further upside with...
AUDUSD Intraday Analysis
AUDUSD (0.7150): The AUDUSD currency pair is seen breaking out of its consolidation as price action is seen trading below the support level of...
Australia’s Consumer Inflation Expectations Declined In January
For the 24 hours to 23:00 GMT, the AUD declined 0.39% against the USD and closed at 0.7171.
LME Copper prices rose 0.5% or $29.0/MT...
Australia Housing Finance Dips on Investors, Smaller Loans
Owner-occupiers (no.) –0.9%mth, –7.9%yr (f/c –1.5%). Investors (value): –4.5%mth, –23.4%yr. Total ex own occ. refi (value): –2.9%mth, –16%yr
Housing finance approvals softened in November with...
Market Morning Briefing: Pound And Aussie Have Dipped Slightly
STOCKS
The Dow (24207.16, +141.57, +0.59%) saw a high of 24288.61 yesterday, rising into the 24100-500 Resistance region mentioned yesterday. It is highly Overbought in...
China’s Q4 GDP Growth to Flash Red
China will report GDP growth figures for the fourth quarter of 2018 early on Thursday at 0200 GMT, potentially injecting further volatility to the...
Australia & New Zealand Weekly
Week beginning 21 January 2019
Australia: Westpac-MI Leading Index, employment.
NZ: CPI.
China: GDP, retail sales, fixed asset investment, industrial production.
Euro Area: ECB...
Week Ahead – Spotlight on ECB and BoJ as Growth Jitters Persist; China GDP also Eyed
The European Central Bank and the Bank of Japan will hold their first policy meetings of 2019 next week as concerns mount about a...
AUD/USD And NZD/USD Could Correct Lower
AUD/USD is currently struggling to gain bullish momentum above the 0.7220 resistance. NZD/USD is also facing hurdles and it may correct lower in the...
NZD/USD Moving Towards Target
Bearish momentum pressured the New Zealand Dollar versus the US Dollar on Wednesday. As a result, the Kiwi lost about 73 base points of...
NZDUSD Selling Interest In Progress, Hits One-Week Low
NZDUSD is continuing this week's sell off with strong momentum, reaching a one-week low around 0.6730 and at the same time confirming the start...
NZD/USD Breaches Channel Pattern
The New Zealand Dollar has been depreciating against the US Dollar since Tuesday's trading session. The currency pair has lost about 0.90% of its...
NZD/USD Aim For Retests Of 0.6795
The New Zealand Dollar appreciated about 44 base points against the US Dollar on Monday. The currency pair breached Friday's swing high of 0.6843...
NZD/USD Testing Support Cluster At 0.6795
The New Zealand Dollar gained over 50 base points against the US Dollar on Friday.
However, today's session began with a bearish momentum, and by...
NZD, AUD Weaken On Weak Chinese Trade Data
The Kiwi and the Aussie weakened during the Asian session today as the Chinese Trade data were released. Despite the data showing a widened...
Sterling Climbs On Hints Of Brexit Extension
Sterling spikes higher, looks to parliamentary vote on Brexit deal tomorrow
Risk aversion returns after Chinese trade data disappoint
Euro inches lower as...
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