13 September 2018
The AUD Spikes as Focus shifts to the BoE and the ECB
Monetary policy to drive the EUR and the GBP this afternoon, with inflation figures to hit the USD, while Brexit, NAFTA and Trump will also be a factor.
Read MoreAUD/USD Price Forecast – Australian dollar range bound
The Australian dollar continues to bounce around below the 0.7150 level, in somewhat range bound trading. The market looks very likely to continue in this area, at least until we get the next headline coming out about the US/China relations.
Read MoreEUR/USD Price Forecast – Euro continues to chop
The Euro rallied did run into a bit of steam over the last couple of days, but we are hanging about the 1.16 level, an area that obviously has a lot of importance attached to it due to the large, round, psychological significant number.
Read MoreGBP/JPY Price Forecast – British pound pulls back on Wednesday
The British pound pulled back a bit on Wednesday against the Japanese yen, but at this point there is still a lot of impulsive buying underneath. This should continue to provide a little bit of support, but keep in mind that this pair will be very noisy due to the Brexit negotiations.
Read MoreGBP/USD Price Forecast – British pound choppy and sideways on Wednesday
The British pound continues to hover around the 1.30 level on Wednesday, as we are sitting just below a major downtrend line. This downtrend line should be relatively important, but we did break above it briefly already.
Read MoreUSD/JPY Price Forecast – US dollar falls against yen
The US dollar fell against the Japanese yen during trading on Wednesday as several headlines came across the wires that got people nervous in general. The Japanese yen is the ultimate “safety currency”, so it makes sense that we saw this type of reaction.
Read MoreGold Price Forecast – Gold markets volatile for session on Wednesday
Gold markets chopped around during the day on Wednesday, showing signs of life as the US dollar got beat up a bit. However, I do see significant resistance above that could come into play, so therefore I’m not willing to throw a ton of money at this market.
Read MoreNatural Gas Price Forecast – natural gas markets extraordinarily volatile on Wednesday
The natural gas markets initially tried to rally during the day on Wednesday but gave back the gains to rollover midday. The market continues to be very difficult, and of course erratic.
Read MoreCrude Oil Forecast – crude oil markets explode to upside on Wednesday
After a better than expected inventory number coming out of the United States, crude oil markets shot straight up in the air during trading on Wednesday, pressing major resistance above.
Read MoreSilver Price Forecast – Silver markets sideways for Wednesday session
Silver markets were sideways during Wednesday, after dipping on Tuesday to the $14 level. That is an area that is crucial, and as a result there will always be a lot of attention paid to that area.
Read MoreS&P 500 Price Forecast – talks of new China talks with the market
The S&P 500 was initially very negative during the trading session on Wednesday but got a surprise announcement that the United States and China were looking to extend talks going forward. This of course lifted the market, but it seems to have lifted it right into resistance. At this point, I think that the uptrend may continue, but we have some work to do.
Read MoreBitcoin Cash, Litecoin and Ripple Daily Analysis – 13/09/18
It’s a positive start to the day as Wednesday’s afternoon rally spills into the early hours, but with EU Finance Ministers meeting to discuss cryptos, there may be some anx later in the day.
Read MoreBitcoin – The Bulls Lay at the Mercy of EU Finance Ministers
Bitcoin’s on the move in the early hours, with today’s EU Finance Ministers meeting expected to be the key driver for the markets later in the day.
Read MoreJuventus – The Bold Lady
Juventus shares hover near a 15-year high as the five times Ballon D’Or winner, Cristiano Ronaldo, injects some gold into ‘The Old Lady’. Shares in the Italian club have gained 130% in only 8 weeks.
Read MoreNEM’s XEM Technical Analysis – Support in Play – 13/09/18
NEM’s XEM slides back following a start of a day bounce to trail the broader market, with EU Finance Ministers to drive the cryptomarket today.
Read MoreEUR/USD Daily Price Forecast – EUR/USD Upside Limited As Investors Focus on ECB & US CPI amid Italian Political Uncertainties
The ECB is widely expected to keep rates unchanged, so the focus is on the latest staff forecasts and Draghi’s tone at the presser.
Read MoreAUD/USD Forex Technical Analysis – September 13, 2018 Forecast
Based on the early trade, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at .7165.
Read MoreGBP/USD Daily Price Forecast – GBP/USD Rnage Bound As Investors Focus on BOE Updates amid Subdued US Greenback
The pair is buoyed by Brexit optimism, renewed US-China trade talks led USD weakness.
Read MoreTrading plan for September 13
What to expect from the Bank of England and the European Central Bank? Elizabeth Belugina shares the outlook for the USD, EUR/USD, GBP/USD, USD/JPY and USD/CAD.
Read MoreGold Price Futures (GC) Technical Analysis – September 13, 2018 Forecast
Based on the early trade on Thursday, the direction of the December Comex Gold futures contract on Thursday will likely be determined by trader reaction to the uptrending Gann angle at $1205.10 and the Fibonacci level at $1215.10. Basically, you can use the retracement zone for direction. A sustained move over $1215.10 will indicate the buying is getting stronger, while a sustained move under $1205.90 will signal that the selling is getting stronger.
Read MoreDAX Index Price Forecast – German DAX Opens Positive on Hawkish Influence from Allied Markets
Global equity markets see upward price action as news on possible trade related talks between US & China resulted in return of risk appetite and subdued US dollar in broad market.
Read MoreAUD/USD and NZD/USD Fundamental Daily Forecast – Underpinned by Optimism Over US-China Talks
Optimism over a softening of U.S.-China relations is providing the fuel underpinning the Aussie and the Kiwi. However, the initial move is likely position-squaring, short-covering and profit-taking, following a prolonged move down in terms of price and time. It is going to take the end of the trade dispute to fuel a meaningful change in trend. Furthermore, the Australian employment news means nothing to the trend, but it does force investors to make position adjustments and that’s what we’re looking at today.
Read MoreUSD/JPY Range Bound Prior to CPI
Read MoreGold Edges Up As US Greenback Faces Pressure on News of Sino-U.S. Trade Talks
Gold price edges up on subdued USD owing to Sino-U.S. trade related talks while investors look to US macro data for impetus to move forward.
Read MoreThree Reasons for Rebounding Indices in Developing Countries
Three main factors lift-up developing countries’ share markets. Global stocks rise on hopes of new trade talks. Investors await the ECB and BoE decisions.
Read MoreUSD/JPY Fundamental Daily Forecast – Higher Yields Bullish, Lower Demand for Risky Assets Bearish
Yesterday’s price action strongly indicated that the Dollar/Yen relationship is being closely controlled by the direction of U.S. interest rates and trader aversion to risk. Any news that helps widen the spread between U.S. Government bond yields and Japanese Government bond yields will be bullish for the USD/JPY. Any news that sends investors out of risky assets will be bearish for the Dollar/Yen.
Read MoreDollar falls on Trade Hopes, BoE, CBRT and ECB in Focus
A collective sigh of relief across financial markets and investors has been noticed following the latest reports that the United States has proposed fresh trade talks with China
Read MoreWhat a busy day! EURGBP, DAX and Oil
Read MoreOil Price Fundamental Daily Forecast – Despite Robust Production, Markets Are Vulnerable to Supply Disruptions
The battle between the known and the unknown, between the aggressive speculators and professionals, continues on Thursday after a strong surge in prices the previous session has failed to attract enough new buyers so far today to continue the rally.
Read MorePrice of Gold Fundamental Daily Forecast – Strengthens Over $1215.10, Weakens Under $1205.90
Gold looks enticing because of the higher-top, higher-bottom chart pattern, but we don’t know for sure if real buying is driving the price action or short-covering. We may not know until Friday when the Commodity Futures Trading Commission releases its latest Commitment of Traders report. Obviously, the bulls would like to see a reduction in the current net short position built by the hedge funds and money managers.
Read MoreNatural Gas Price Fundamental Daily Forecast – EIA Storage Expected to Show 65 Bcf Build, Hurricane Will Hurt Demand
We don’t expect to see much of a reaction to the EIA report unless the figure is well below expectations and in this case, prices could rally, but gains will be limited because of the demand concerns.
Read MoreTrading the Economic Calendar
An economic calendar is a schedule of economic events that will take place over the next day, week, month or quarter. Trading the economic calendar can be beneficial for some traders.
Read MoreUSD/CAD Daily Price Forecast – USD/CAD Consolidates above 1.30 but Remains near Weekly Lows on Subdued USD
Modest USD rebound/weaker oil prices helped regain some positive traction.
Read MoreNew Channel For Brands Promotion That Will Blast Advertising Market
Advertising of cryptocurrencies hasn’t become simpler with the development of the blockchain technology and its fast increasing popularity. One of the ways to solve the existing problem for crypto advertisement is to launch a mobile application.
Read MoreAustralian Dollar Jumps on Sharp Rise in Employment, No Surprises from the BoE and ECB, TRY Jumps as CBRT Increases Rates
Australia’s employment rose a strong 44.0K in August, more than reversing the modest 4.3K drop in July. U.S. producer prices unexpectedly fell in August with the weakness led by declines in the prices of food and a range of trade services. U.S. crude oil production fell by 100,000 bpd, to 10.9 million bpd, as the industry faces pipeline capacity constraints. According to the Federal Reserve’s latest Beige Book released late Wednesday, three of the Fed’s 12 districts – St. Louis, Philadelphia and Kansas City – reported weaker growth in August. Fed Governor Lael Brainard said in a speech on Wednesday that the Federal Reserve likely will continue gradual interest rate increases but will accelerate the pace if signs that financial imbalances continue to build.
Read MoreEUR/USD Mid-Session Technical Analysis for September 13, 2018
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the 50% level at 1.1630.
Read MoreE-mini S&P 500 Index (ES) Futures Technical Analysis – September 13, 2018 Forecast
Based on the early price action, the direction of the September E-mini S&P 500 Index will be determined by trader reaction to the price cluster at 2897.50.
Read MoreE-mini Dow Jones Industrial Average (YM) Futures Analysis – September 13, 2018 Forecast
Based on the early trade, the direction of the September E-mini Dow Jones Industrial Average is likely to be determined by trader reaction to the pivot at 25975.
Read MoreE-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – September 13, 2018 Forecast
Based on the early trade, the key support angle is 7476.50. The first upside targets is a resistance cluster at 7545.00 to 7553.00.
Read MoreSept. Rate Hike Still On the Table, but Lower CPI Could Slow Pace of Future Fed Rate Hikes
U.S. Treasury yields fell on Thursday after the release of the CPI report. The news won’t take the September rate hike off the table, but when combined with yesterday’s weaker-than-expected producer inflation, it could slow down the pace of future rate hikes.
Read MoreCrude Oil Price Update – WTI’s Next Move Will Be Determined by Trader Reaction to $68.78 to $68.28
Based on the price action late in the session, the direction of the November WTI crude oil futures contract the rest of the session is likely to be determined by trader reaction to the 50% level at $68.78 and the 61.8% level at $68.28.
Read MoreLira Soars on CBRT Rate Hike, Pound Jumps
The Lira roared back to life on Thursday after Turkey’s central bank caught investors off-guard by raising interest rates higher than market expectations
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