Week ahead: The stock market is poised to set a new record if the Federal Reserve delivers
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters The Federal Reserve is expected to cut interest rates by a quarter...
Week Ahead Fed Set to Disappoint Trump With 25bp Cut
The week ahead features more central bank meetings, with the Fed, BoJ, SNB and BoE all set to decide on the direction of their respective monetary policies. In addition, we will have a handful of market-moving macro pointers from the...
AUD/NZD Breaks Out to New 2019 Highs
AUD/NZD has broken above 1.0729, it’s 2019 highs. Both the Australian Dollar and the New Zealand Dollar face many of the same risks from the trade war between China and the US. In a nutshell, a slowdown in China would...
Will the Yuan Weaken Further? | George Magnus | Podcast
“There are lots of things that can go wrong economically and politically within China in the 2020s” Will the Yuan weaken further? Coming up in our podcast this time: Is China in jeopardy? Yuan Forecast: Will USD/CNH depreciate further? The...
AUDNZD Bulls Break above 5-Month High
AUDNZD breached the five-month high from April 17, after plotting gains in a rally that commenced on August 6. The indicators are reflecting an increase in positive directional momentum. The MACD has re-inclined above its red trigger line in the...
EUR/GBP Outlook: Fresh Brexit Optimism Sparked Strong Bearish Acceleration
The cross fell strongly on Friday as renewed Brexit optimism boosted sterling. Fresh probe below 0.8900 handle (also 50% of 0.8494/0.9324 ascend) pressures Thursday’s 0.8885 spike low (13-month low). Firm break here would signal extension of downtrend from 0.9324 (12...
GBPUSD Rally Sets Sights On The 1.2522 Resistance Zone
GBPUSD faces further bull pressure as it sets sights on the 1.2522 resistance zone. Support lies at 1.2400 area with a break below that level turning attention to the 1.2350 level. Further down, support lies at the 1.2300 level where...
US consumer sentiment jumps as confidence around the economy rises
A shopper browses clothing at a Kohl’s Corp. department store in Peru, Illinois Daniel Acker| Bloomberg | Getty Images Sentiment in the U.S. rose more than expected this month as consumers felt more confident about current and future economic conditions,...
Euro to End Firm as ECB Seen Done with Easing
European majors remain generally firm today. In particular, Euro is supported by the view that ECB has done with policy easing after yesterday’s stimulus package. Such view is supported by rare open criticism on the measures by ECB officials. Commodity...
CHI50 Index Set for More Upside; Strong Resistance Around 14,060
China’s 50 stock index (CHI50) made a U-turn near the 50-period simple moving average (SMA) in the four-hour chart and is building momentum to reclaim strong resistance around 14,060. According to the RSI and the MACD there is more upside...