Market News

21 Nov

2018

Crude Oil Downtrend Resumes, AUD May Fall as Asia Stocks Decline

Crude oil prices tumbled, may rise briefly next. S&P 500 gapped lower as global stocks fell as US Dollar gained with Fed rate hike bets. Australian Dollar may follow Asia stocks lower.

20 Nov

2018

AUD/JPY Price Outlook: Reversal Run Plummets into Key Support Zone

A reversal off technical resistance has price targeting a major inflection zone. Here are the targets & invalidation levels that matter on the AUD/JPY charts.

20 Nov

2018

USD/JPY Rate Remains Under Pressure as Fed Endorses Gradual Approach

Downside targets are still on the radar for USD/JPY as fresh comments from Fed officials fuel the recent series of lower highs & lows in the exchange rate.

20 Nov

2018

EUR Breaks Support Amid Wider Italian spreads and Firmer USD - US Market Open

The US Dollar has clawed back early losses to trade higher by 0.2%, which in turn has seen the Euro dip below 1.14 with wider German-Italian bond spreads also weighing.

20 Nov

2018

US Dollar Bounce From Fibonacci Support; EUR/USD Holds Key Resistance

The US Dollar has finally caught a bounce from a key support area on the chart, and this corresponds to a big area of resistance in EUR/USD currently helping to hold the highs.

20 Nov

2018

Pound Volatility Likely as BOE Governor Carney Opines on Brexit

The British Pound is likely to turn volatile as BOE Governor Carney is pressed to opine on the Brexit outlook in testimony before Parliament’s Treasury committee.

20 Nov

2018

Gold Prices May Continue Higher as Yields Fall in Risk-Off Trade

Gold prices may continue to edge higher as deteriorating risk appetite across financial markets translates into lower Treasury bond yields.

20 Nov

2018

Asia Stocks at Risk as Euro Stoxx 50, S&P 500 Tumble. Yen May Gain

Risk-off trade from Europe was amplified by the worst decline in US home builder sentiment since 2014, the US Dollar tumbled. Asia stocks may follow the S&P 500 lower as Yen gains.

19 Nov

2018

AUD/USD Bullish Sequence Sputters Ahead of RBA Minutes

The near-term advance in AUD/USD appears to be stalling ahead of the RBA Minutes as the exchange rate struggles to extend the recent series of higher highs & lows.