The US Dollar fell as Fed rate hike bets fizzled. The Euro rose amid hopes for a deal on Italy’s budget and given the ECB’s limited scope to ease.
Crude oil prices seemed unimpressed by an OPEC+ deal to cut output next year. Deteriorating market-wide sentiment may now apply selling pressure.
The Canadian Dollar soared, risk aversion lingered as the S&P 500 capped its worst week since March. Asia stocks may fall, boosting the Japanese Yen as US Dollar faces consolidation.
A reversal from technical resistance has accelerated on the back of today’s jobs reports. Here are the targets & invalidation levels that matter on the USD/CAD charts.
Signs of limited wage growth may spark a bearish reaction in the U.S. dollar as it dampens the outlook for growth and inflation.
The US Dollar may move higher against most of its major currency counterparts as November’s jobs data suggests a data-dependent Fed need not be dovish.
Gold prices may turn lower, validating bearish technical cues as November’s US jobs report boosts Fed rate hike bets and sends the Dollar higher.
A last minute improvement in risk appetite as the S&P 500 almost filled its gap may result in Asia stocks pausing losses. Crude oil prices jawboned by OPEC news and US weekly output.
Aussie has plummeted more than 2.2% since the start of the month after reversing off technical resistance. Here are the levels that matter on the AUD/USD weekly chart.
USD has rallied nearly 10% against the Loonie since the yearly lows with price now eyeing key resistance. Here are the levels that matter on the USD/CAD weekly chart.
WTI and Brent crude futures extend on losses as OPEC may cut output below consensus, resulting in further losses for the CAD.
US financial markets are in 'risk-off' mode, with equities dropping alongsides US Treasury yields. That the greenback can't rally is foreboding.
The anti-risk Japanese Yen and Swiss Franc are aiming higher on fading hopes US/China trade war de-escalation after the arrest of Huawei CFO Wanzhou Meng.
Crude oil prices appear vulnerable as financial markets eye the outcome of a pivotal meeting between OPEC and allied producers meant to unveil new output cuts.
Risk aversion engulfed financial markets as Wall Street was closed despite US China trade talk progress. CAD sunk on less hawkish BoC. Asia stocks may extend selloff as AUD weakens.
Gold prices are testing a key resistance barrier at the October highs. Here are the levels that matter on the XAU/USD weekly chart heading into the close of the year.
The Bank of Canada’s (BoC) last meeting for 2018 may do little to influence USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75%.
With the US observing a National Day of Mourning for the late President George H.W. Bush, financial markets will be closed.
The US Dollar may continue to recover as the Fed’s Beige Book of regional US economic conditions helps revive robust 2019 interest rate hike speculation.
Gold prices may turn lower form chart resistance as an upbeat Fed Beige Book survey boosts Fed interest rate hike bets, sending the US Dollar upward.
Market optimism fell apart on conflicting US China trade news from the White House. Asia stocks may echo S&P 500 largest drop since October. Japanese Yen may extend gains as AUD falls.
The US Dollar is bouncing from a familiar Fibonacci level after a push of USD-weakness tested below a key trend-line. Can USD bears continue to push?
The US Dollar is on the backfoot this morning as US yields continue to pullback. Focus is on the 2s10s curve which is 13bps away from inverting.
Now that the G20 summit is behind markets, the technicals may finally be catching up with the fundamentals for the US Dollar.
The G20 Summit offered increased risk appetite, but that died down as the US Dollar trimmed losses as 2019 Fed rate hike bets gained. Asia stocks may struggle rising, AUD eyes RBA.