Market Morning Briefing: USDCNY Has Risen Slightly
STOCKS Asians are trading in red as Trump’s threat to increase the tariffs further on China if the trade deal is not done is weighing on equities. Nikkei is on a corrective fall and has more room the downside. Shanghai...
CADJPY Captured in a Downward Channel, Stalls at 200-day MA
CADJPY although in a downward channel looks undecided resting on the 200-day simple moving average (SMA). Directional momentum has disappeared as reflected in the short-term oscillators with the MACD and RSI flat at their neutral marks. Further backing this picture...
GBPUSD Support Holding
The British pound continues to hold major technical support against the US dollar, which is a strong signal that the pair intends to trade higher. A break above the 1.3000 level exposes a potential upside rally in the GBPUSD pair...
Market Morning Briefing: Dollar Index Has Bounced From 97.68
STOCKS Dow remains higher and has room to move further up. DAX continues to consolidate within its uptrend. Nikkei and Shanghai has to break their key resistances to avoid further fall. Sensex and Nifty continues to remain mixed and can...
USD/JPY Outlook: Dollar Drops and Safe Havens Gain on Fresh US/China Trade Pessimism
The dollar and riskier assets fell in early US trading on Monday on the latest media report that expressed pessimistic tone from China over trade deal and soured sentiment. The USDJPY pair was down some 40-pips after news were released...
Gold Remains Under Pressure On Hopes For US/China Phase One Trade Deal
Spot gold falls further on Monday as rising hopes that the US and China will soon reach a deal in the phase one of their trade talks, keeps risk mode and prompts traders out of safe-haven metal. Monday’s extension of...
Market Morning Briefing: Aussie Has Bounced Back From 0.6769
STOCKS Dow is gaining momentum and can move higher. DAX, Sensex and Nifty can consolidate before resuming their uptrend. Shanghai is weak and is coming near a very crucial support level. Nikkei has to break above a near-term resistance to...
GBP/USD Outlook: Cable Rises on Brexit News and Pressures Key Barriers
Cable rose above 1.29 mark on weaker greenback after US data and the latest Brexit Party news and holding firmly above 20DMA (1.2872) that generates initial bullish signal. Fresh advance pressures pivotal barriers at 1.2920 zone (Fibo 61.8% of 1.3012/1.2768/...
WTI OIL Outlook: WTI Price Inflated by Market Optimism But Remains Congested Between 200DMA & Daily Cloud Top
WTI oil price stands at the front foot on Friday and accelerated above $57 mark on weaker dollar after US data. Optimism that the OPEC+ group will maintain its agreement for oil supply cut and fresh hopes for US/China trade...
USD/CAD Probes Resistance ahead of US Retail Sales
Today will see the release of several macroeconomic pointers from the US, starting from 13:30 GMT. Among them, we will have the latest monthly retail sales and industrial production data. The US dollar will therefore be in focus. Here is...
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