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EURUSD Holds Support Ahead Of ECB; USDCAD Rallies To Two-Month-Highs
This morning has brought the March rate decision out of the Bank of Canada, and the context coming into this morning’s meeting was a very weak Canadian Dollar as USDCAD had jumped-higher over the previous four trading days.
Hawkish Bank Of Canada (BoC) Forward-Guidance To Rattle USD/CAD Rally
The Bank of Canada (BoC) interest rate decision may rattle the recent strength in USD/CAD as the central bank appears to be on track to further embark on its hiking-cycle in 2019.
Crude Oil Prices May Fall As OECD, BOC Feed Global Slowdown Fears
Commodities were locked in consolidation mode yesterday. Crude oil prices attempted a foray toward the top of their two-week range, but the move fizzled intraday to leave the bellwether WTI contract with a modest loss by the end of the session.
EUR/USD Rate Forecast: Bearish Series Brings 2019 & 2018 Low On Radar
EUR/USD extends the decline from earlier this week as fresh data prints coming out of the U.S. instill an improved outlook for the economy.
USD/CAD Clears February High, RSI Flashes Bullish Signal Ahead Of BoC
USD/CAD appears to be staging a near-term breakout after bouncing along the 200-Day SMA (1.3160), and the topside targets sit on the radar ahead of the Bank of Canada (BoC) interest rate decision.
Gold Extends Bearish Series As US-China Trade Talk ’Moving Along Nicely’
The price for gold remains under pressure as the U.S. and China appear to be nearing a trade deal, and the precious metal may face a more bearish fate over the coming days.
EURUSD Threatens Range Support As USD Bulls Re-Take Control
The longer-term EURUSD range remains, but on a shorter-term basis, another formation had begun to build last week’s that’s filled-in, and that’s the rising wedge pattern that built in the middle of that longer-term setup.
Yen Falls On US-China Trade Talks, Pound Up On Brexit Deal Hopes
Yen down, commodity currencies rise on US-China trade deal optimism
Stock Market Fund Inflows Return As S&P 500 Hits Technical Resistance
his week delivered a solid string of inflows for the SPY, IVV and VOO ETFs with the largest single day aggregated inflow since December 21st. The weekly net change in funds totaled nearly $5.8 billion.
Dow Jones Awaits Trade Data, DAX And ASX 200 Look To Rate Decisions
The Dow Jones Industrial Average ended the week lower for the first time in 9 weeks on Friday. The streak of higher weekly closes was the longest for the Dow since 1995. Still, the index trades slightly below key technical resistance.
Crude Oil Recovery Stalls As OPEC+ Alliance Comes Under Scrutiny
Oil pulls back from a fresh 2019-high ($57.88) even as U.S. Crude Inventories mark the biggest decline since July, but the advance from the 2018-low ($42.36) may start to unravel as the Relative Strength Index flops ahead of overbought territory.
US Dollar May Rise On Economic Data, Global Slowdown Fears
Rebuilding Fed rate hike bets offered the US Dollar a lifeline late last week. The currency briefly dropped to a four-week low in the wake of timid testimony from Fed Chair Jerome Powell.
Central Bank Weekly: Rebound In Fed Hike Odds Sinks Gold Prices
There are movements in interest rate markets beyond the 2019 calendar year that may be contributing to the dramatic shift in risk appetite underpinning the breakdown in safe-haven assets like Gold and the Japanese Yen.
USD/JPY Carves Bullish Series Even As ISM Manufacturing Disappoints
Topside targets remain on the radar for USD/JPY as both price and the RSI continue to track the upward trends from earlier this year.
Oil Prices Re-Test Key Resistance As Gold Falls To February Support
With the door now closed on February, the focus turns towards early-March data and next week is a big one. There are three major Central Bank rate decisions.
NZD/USD Technical Price Outlook: Kiwi Consolidation Narrows
The New Zealand Dollar broke below the weekly opening-range low after turning from range resistance yesterday and remains at risk for further losses against the US Dollar heading into the March open.
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