DailyFX - Market Outlook

Market Outlook

Euro Outlook: EUR/GBP May Rise if Brexit Hopes Continue to Fade 18 Oct 2019, 6:30 am

The Euro may rise vs the British Pound if uncertainty about Brexit pulls capital out of Sterling as UK lawmakers prepare for a key vote on Saturday.

USD/JPY Rate Faces Bearish Reversal Pattern Amid Brexit Deal Hopes 17 Oct 2019, 11:00 pm

The USD/JPY is carving out a bearish reversal pattern as Brexit deal hopes fuel gains in the British Pound and stocks. Ahead, AUD/USD risks reversing losses on China 3Q GDP.

Gold Prices Remain Subdued in Bull Flag as USD Drops Through Support 17 Oct 2019, 12:30 pm

The US Dollar has fallen through the floor this week, helped along by Brexit dynamics; but Gold prices continue in a corrective bull flag formation.

British Pound Price Outlook: EU Summit May Undermine Brexit Hopes 17 Oct 2019, 6:30 am

The British Pound may continue to slide and pare some of its recent gains as policymakers from the UK and EU enter a showdown over Brexit at the EU summit. Will they be able to reach a deal?

US Dollar Uptrend at Risk, Japanese Yen May Gain as Stocks Sink 16 Oct 2019, 11:00 pm

The US Dollar may reverse the dominant uptrend from June after dismal US retail sales data. Ahead, the anti-risk Japanese Yen may gain as the Australian Dollar eyes jobs data.

US Dollar Price Outlook: EUR/USD, GBP/USD, USD/JPY 16 Oct 2019, 12:34 pm

The US Dollar has held support at a key area on the chart. Will USD bears be able to push through, keeping topside scenarios active in EUR/USD and GBP/USD.

GBP May Fall on CPI as Brexit Hopes Fizzle. USD Eyes Retail Sales 16 Oct 2019, 7:00 am

The British Pound may fall against its major counterparts if UK CPI data shows weaker price growth amid Brexit uncertainty. US Dollar traders will be closely watching retail sales figures.

NZD/USD Rose on New Zealand CPI, GBP/USD Up on Brexit Deal Hopes 15 Oct 2019, 11:00 pm

The NZD/USD climbed on upbeat New Zealand CPI data, but upside follow-through may struggle. GBP/USD and the S&P 500 soared on Brexit deal hopes, but challenges still linger.

US Dollar Technical Outlook: EUR/USD, GBP/USD, AUD/USD, USD/JPY 15 Oct 2019, 12:30 pm

The US Dollar has showed a pullback so far in Q4, but is testing a big zone of support around prior resistance.

Euro and GBP Outlook: Volatility Ahead of BoE Testimony, ZEW Data 15 Oct 2019, 7:00 am

The Euro may fall if German ZEW data spooks markets, though its decline vs the British Pound may be less acute if BoE Governor Mark Carney’s premonitions about Brexit overwhelm GBP.

AUD/USD Downtrend Held, Yen Up. US-China Trade Deal Optimism Faded 14 Oct 2019, 11:00 pm

The AUD/USD downtrend holds as US-China trade deal optimism fades, boosting the anti-risk Japanese Yen. After aggressive gains, the British Pound hit an obstacle on Brexit news.

Gold Price Outlook: Gold Prices Bounce, Can Bulls Continue to Push? 14 Oct 2019, 2:00 pm

Gold prices ran into a key support zone last week and that helped to hold the lows. But are Gold bulls ready to come back similar to what showed in June?

Euro May Rise vs GBP on Brexit Woes, Eurozone Industrial Data 14 Oct 2019, 7:00 am

The Euro may rise vs the British Pound if Brexit worries sap demand, pushing EUR/GBP higher following last week’s dramatic selloff. The publication of Eurozone industrial production might reinforce...

USD/JPY May Reverse as AUD/USD Follows Post US-China Trade Talks 13 Oct 2019, 11:00 pm

The anti-risk Japanese Yen may rise as the sentiment-linked Australian Dollar falls after markets seemed underwhelmed by US-China trade talks. USD/JPY stalled at resistance.

US Dollar May Recover Versus Euro, Pound if Trade Talks Falter 11 Oct 2019, 6:30 am

The US Dollar may recover against the Euro and British Pound if a collapse in US-China trade talks sinks market mood and fuels haven demand, boosting the highly-liquid Greenback.

GBP/USD Rallies Most Since 2017 on Brexit Optimism, Yen May Weaken 10 Oct 2019, 11:00 pm

The British Pound may continue its Brexit-fueled rally, clearing resistance. The anti-risk Japanese Yen may weaken as US-China trade deal optimism extends into Friday’s session.

US Dollar Catches Support After Another Core CPI Print at 2.4% 10 Oct 2019, 2:00 pm

The US Dollar caught support this morning after another Core CPI print at 2.4%. But will this dissuade the FOMC from rate cuts at the meeting later this month?

USD/JPY and AUD/USD Tumble as US-China Trade Talks Lack Progress 9 Oct 2019, 10:55 pm

The USD/JPY, AUD/USD and S&P 500 futures tumbled amid reports the US and China saw no progress in deputy-level trade talks. China’s delegation team is planning to leave the US earlier.

US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CAD 9 Oct 2019, 12:34 pm

The US currency continues with little direction so far this week, but a busy set of drivers can change things very quickly in USD.

US Dollar, Euro Brace for FOMC Minutes, IMF Global Growth Update 9 Oct 2019, 6:30 am

The US Dollar may rise vs the Euro if the FOMC meeting minutes undercut dovish expectations from the markets. Volatility may also be amplified by the IMF’s update on world growth.