Foreign Exchange

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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.
Posted: June 19, 2019, 12:32 am
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 to more stimulus.
Posted: June 18, 2019, 11:00 pm
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.
Posted: June 18, 2019, 8:30 pm
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 NZD/USD price charts.
Posted: June 18, 2019, 5:00 pm
With ECB President Mario Draghi talking up the possibility of more stimulus, the Euro is under renewed pressure across the board.
Posted: June 18, 2019, 4:07 pm
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 a push beyond this zone?
Posted: June 18, 2019, 3:34 pm
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 an end.
Posted: June 18, 2019, 2:12 pm
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 FOMC?
Posted: June 18, 2019, 12:30 pm
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 equities.
Posted: June 18, 2019, 11:05 am
EURUSD may fall if German ZEW data underperforms and commentary from ECB officials continues to underscore a need to introduce more Eurozone stimulus.
Posted: June 18, 2019, 6:30 am
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 as USDINR rises.
Posted: June 18, 2019, 5:00 am
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.
Posted: June 18, 2019, 3:30 am
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 likely to happen?
Posted: June 18, 2019, 3:30 am
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 from the previous week.
Posted: June 18, 2019, 12:00 am
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 bets.
Posted: June 17, 2019, 11:00 pm
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 price charts.
Posted: June 17, 2019, 6:06 pm
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?
Posted: June 17, 2019, 4:30 pm
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.
Posted: June 17, 2019, 3:00 pm
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 fresh lows?
Posted: June 17, 2019, 1:30 pm
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, it is clear that this persistent theme is once again firmly a concern – and reinforced by flagging economic growth. Will Fed support offer enough relief to prevent a sentiment cave in?
Posted: June 17, 2019, 12:30 pm
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 stimulus.
Posted: June 17, 2019, 6:30 am
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.
Posted: June 17, 2019, 5:00 am
The US Dollar may rise as confidence in a dovish Fed deteriorates, boosting USDSGD and USDINR. The Bank of Indonesia will likely guard the Rupiah as USDPHP may rise on a BSP rate cut.
Posted: June 17, 2019, 3:30 am
The Norwegian Krone will likely experience higher-than-usual volatility alongside crude oil prices ahead of rate decisions by the Norges Bank and Fed.
Posted: June 17, 2019, 2:00 am
EURUSD sunk through support, verifying a prior false upside breakout as the US Dollar soared on local retail sales and industrial production data. NZDUSD at risk to incoming data.
Posted: June 16, 2019, 11:00 pm

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