Forex News
Dow Talking Points: • The Dow edged up to a fresh record high close without momentum, but emerging markets and other risk assets are signaling clear divergence• Powell testimony offered little insight into monetary policy but US CPI curbed forecasts for Fed cuts, even adding a chance of a 2020 hike• Trade wars commanded activity […]
This week, DailyFX Analyst Daniel Dubrovsky discussed the outlook for AUD/USD, USD/CAD and EUR/USD incorporating trader positioning on top of fundamental and technical analysis. • IG Client Sentiment analysis in #AUDUSD, #USDCAD and #EURUSD• Australian jobs report impact on the Aussie• Canadian Dollar outlook ahead of a speech from BoC Governor Poloz• Euro forecast as […]
Investor optimism waning European stocks are off to a mixed start on Thursday, with Chinese data overnight highlighting the struggles in the world’s second largest economy. Source – Thomson Reuters Eikon There’s never a shortage of analysts monitoring Chinese economic figures but when the country is engaged in a trade war with the US, it;s going […]
US stocks are drifting lower despite some progress on trade and after a wrath of mixed economic data from Europe and Asia. China’s decision to remove curbs on US poultry imports is a positive step, but it was widely expected. Financial markets are having little reaction from yesterday’s testimony from Fed Chair Powell and expectations […]
Crude oil inventories for the week of November 8, 2019 The price of WTI crude oil is currently trading at $57.23. That is down about $0.38 from the premarket levels. Read More: Crude oil inventories build 2219K vs 1500K estimate
US House Speaker Pelosi speaking to reporters Pelosi says: Yesterday Pres. Trump said that the Democrats would vote for a trade deal today if presented to them. Read More: US House Speaker Pelosi: USMCA deal break through could be imminent
Read More: Christine Lagarde Musters ECB Team for Huddle at Castle Fit for an Empress
Read More: Forex- U.S. Dollar Flat as Weekly Jobless Claims Rise to Five-Month High
Read more on https://www.fxstreet.com Read More: United States EIA Crude Oil Stocks Change above forecasts (1.649M) in November 8: Actual (2.219M)
Read more on https://www.fxstreet.com Read More: AUD/USD extends slide to fresh weekly lows under 0.6780
Bitcoin is struggling to find a direction and is stuck in a six-week range as volatility subsides. Traders should be alert as quiet conditions sometimes pave the way for a sharp breakout. Read More: Bitcoin (BTC) Price Struggle Continues, Mired by Conflicting Signals
While the global economy may be avoiding a significant slowdown, traders are clearly signaling that they don’t think the “race to the bottom” may be over yet. Read More: USD/CAD Jumps with BOC Rate Odds; AUD/USD Hit as RBA Cut Odds Rise – Central Bank Watch
Wall Street steadied the equities ship overnight after another negative session in Asia, led higher by Walt Disney, which signed up an impressive 10 million subscribers to its new Disney+ streaming service in its first 24 hours. Its effect was to lift Wall Street, which was wobbling slightly after Federal Reserve Chairman Powell said in […]
Employment change weakest in five years The Australian economy lost 19,000 jobs in October, 10,300 in the full-time category and 8,700 part-time ones. That was the most number of jobs lost since September 2014. Analysts’ expectations had been for a 15,000 jobs gain. The unemployment rate rose to 5.3% from 5.2% in September, as […]
The Australian dollar has remained heavy, its barely off its lows for the session. The data to hit it first were the jobs numbers for October: Then the data from China didn’t do it any favours: Read More: Australian jobs report earlier today confirms there is plenty of slack in the economy
Greg reported on the latest trade jitters impacting USD/JPY USD/JPY has been reasonably steady during the session here but its testing its US lows as I update towards 108.65: Read More: USD/JPY testing its US time low
Read More: Love of cash hinders India's move to digital economy
Read More: U.S.-China trade deal doubts lifts yen, A$ hits 1-month low
Read more on https://www.fxstreet.com Read More: Hong Kong govt. cites school suspension to continue on Friday to Sunday
Read more on https://www.fxstreet.com Read More: USD/INR: Buyers flirt with multi-week top ahead of India WPI
Recent price action in gold raises the scope for a larger rebound as the precious metal snaps the series of lower highs and lows carried over from the previous week. Read More: Gold Prices React to Former Resistance Zone and Snap Bearish Series
The US Dollar along with European and US equity markets will be closely watching Fed Chairman Jerome Powell’s second Congressional testimony as US-China trade talks flounder. Read More: US Dollar, Stocks Eye Powell Testimony as Trade Talks Stumble
DailyFX Analyst Daniel Dubrovsky covered the unexpected rate hold from the RBNZ which sent the New Zealand Dollar skyrocketing. What is the outlook for NZD/USD, NZD/JPY, AUD/NZD and NZD/CAD? Key Points: • #RBNZ defies market expectations, holds rates at 1.00 percent in November• #NZDUSD, #NZDJPY, #AUDNZD, #NZDCAD technical analysis• New Zealand Dollar fundamental outlook Read […]
U.S. indices traversing record territory but extended like other indices such as the DAX, crude oil channel/bear-flag remain as key focus. -Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com/tv?CHID=9&QPID=30474-Twitter: https://twitter.com/DailyFX-Facebook: https://www.facebook.com/DailyFX/-LinkedIn: https://www.linkedin.com/company/dailyfx-com #DailyFX Welcome to DailyFX where subscribers get access to actionable and authoritative views on global financial markets. Why subscribe?-Cutting edge real-time insight on actionable […]
Investors Desperate For Trade Deal European stock markets are retreating today and the US is poised to follow, with Asia overnight also seeing a sea of red. Source – Thomson Reuters Eikon I don’t think we should read too much into today’s declines, especially when sentiment is being so regularly driven by various trade war headlines, […]
US stocks are drifting lower following yesterday’s Trump speech that delivered no hints for further trade progress and Powell’s testimony to the joint economic committee of Congress. Powell is the main the event today as investors will look to hear his latest assessment of the economy and on the risks to the outlook. Powell will […]
Feds Powell live in front of the joint economic committee November 13, 2019 ForexLive Read More: Watch Fed's Powell LIVE in front of the Joint Economic Committee
Fed’s Powell in front of the Joint Economic Committee Below is the snapshot of major markets at the start of the testimony by Fed chair Powell in front of the Joint Economic Committee: Read More: The levels at the start of Fed's Powell testimony in front of the Joint Economic Committee
Read More: New Zealand dollar set for biggest jump this year on central bank surprise
Read More: Forex – Dollar Hovering at 1-Month Highs; Kiwi Soars