26 September 2018
Trump v Powell: 2 Speeches to Hit the Dollar
Kiwi Dollar spikes on less pessimistic business sentiment, with Trump and Powell in the spotlight later today to hit the Dollar and the majors.
Read MoreU.S. Consumer Confidence Hits 18-Year High
On Tuesday, President Trump reiterated his administration’s stance on trade, telling the United Nations General Assembly that his country would “no longer tolerate abuse” on that front. The major U.S. stock indexes settled mixed on Tuesday with the S&P 500 Index and Dow Jones Industrial Average posting losses, and the NASDAQ Composite finishing slightly better. This was the same way they finished on Monday. The Conference Board’s Consumer Confidence report came in well above expectations at 138.4. The previous month was also revised higher to 134.7. This was its highest level in about 18 years. The all-time high of 144.7 was reached in 2000.
Read MoreUSD/JPY Forex Technical Analysis – Facing Wall of Resistance; Could Be Setting Up for Closing Price Reversal Top
Based on the early price action, the direction of the USD/JPY the rest of the session is likely to be determined by trader reaction to yesterday’s close at 112.972.
Read MoreNZD/USD Forex Technical Analysis – Testing Major Retracement Zone at .6676 to .6717
Based on the early price action, the direction of the NZD/USD the rest of the session is likely to be determined by trader reaction to the 50% level at .6676.
Read MoreAUD/USD Forex Technical Analysis – September 26, 2018 Forecast
Based on the early price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the short-term pivot at .7270.
Read MoreBitcoin Cash, Litecoin and Ripple Daily Analysis – 26/09/18
It’s another bearish start to the day, with Ripple’s XRP hitting reverse following Tuesday’s late rally, the bears in control midway through the week.
Read MoreBitcoin – Bulls in Search of the Floor as the Bears Retain Control
Bitcoin sees red again in the early hours, but could make a move later in the day if there’s a recovery to $6,400 levels by late morning.
Read MoreAUD/USD Price Forecast – Australian dollar proves resilient on Tuesday
The Australian dollar continues to rally every time it dipped during the day on Tuesday. As I record this, we are approaching the 0.7275 level, an area that had seen some resistance previously.
Read MoreEUR/USD Price Forecast – Euro continues to pound resistance
The EUR/USD pair rose again during early trading on Tuesday, as we continue to struggle with major resistance ahead. If we can break above it, this pair could make a significant move. However, it has not been easy.
Read MoreGBP/JPY Price Forecast – British pound grinds higher against safety of Japanese yen
The British pound rose against the Japanese yen during trading on Tuesday as the world continues to shrug off bad news. The question now is whether or not the trade war is something that people truly fear, or has it just already been priced into the markets?
Read MoreGBP/USD Price Forecast – British pound continues to chop
The British pound continues the chop around as we are starting to see a bit of resiliency on the part of Sterling. For me, this is a market that continues to be driven by headlines, so it is difficult to deal with. However, fears of a new election in the United Kingdom have subsided, and perhaps that might give us reason to rally.
Read MoreUSD/JPY Price Forecast – US dollar continues to run into barriers
The US dollar continues to run into a major barrier above, in the form of a downtrend line that creates a large symmetrical triangle in this marketplace. I think at this point, it’s very likely that we will continue to see negativity flow into this marketplace, but a break out would change almost everything about the long-term and short-term forecast.
Read MoreGold Price Forecast – Gold markets rally during volatile Tuesday session
Gold markets rally during the day on Tuesday, reaching towards $1280 level before running into significant resistance. That’s an area that has been trouble more than once, so I think we are essentially just waiting on the FOMC statement more than anything else.
Read MoreNatural Gas Price Forecast – chop chop chop
Natural gas markets were very choppy on Tuesday, as markets in general struggled. We are testing major highs, so it’s not a huge surprise that we struggled to overcome the $3.05 level. The markets in general were very choppy as we await the FOMC statement, and therefore I think a lot of traders were on the sidelines.
Read MoreDASH Technical Analysis – Hits Support – 26/09/18
DASH joins the majors in the red in the early hours, with direction through the day hinged on direction through mid-morning.
Read MoreCrude Oil Price Forecast – crude oil markets continue to show signs of strength
Crude oil markets continued to rally during the day on Tuesday, as the effect of OPEC and not increasing output over the weekend is still being felt by the market. However, we are starting to run into a little bit of resistance which could offer a buying opportunity in the short term.
Read MoreSilver Price Forecast – Silver markets strong for Tuesday session.
Silver markets rallied rather stringently during the trading session on Tuesday, breaking above the psychologically important $14.50 level. Whether it can hold it or not might be a completely different question, but at this point it certainly looks as if silver is ready to start breaking out for a bigger move.
Read MoreS&P 500 Price Forecast – stock markets all over the place awaiting the FOMC
The S&P 500 was all over the place to kick off the Tuesday session, as we continue to look for some type of direction. With the FOMC statement coming out, I think that a lot of traders or to simply not willing to jump in. Beyond that, my futures platform showed very low volume, and that always means a lot of trouble.
Read MoreCrude Oil Price Update – No Major Top Formation, but Could Be Ripe for Near-Term Pullback
If the early selling pressure continues then look for the move to extend into the short-term pivot at $71.38. Look for a technical bounce on the first test of this level.
Read MoreEUR/USD Daily Price Forecast – EUR/USD Moves Range Bound Ahead of FOMC Update
The relentless widening of the US-German (DE) yield spread indicates that markets have priced-in Fed’s gradual path of tightening.
Read MoreGold Price Futures (GC) Technical Analysis – Straddling Key Pivot at $1205.90
Based on the early price action, the direction of the December Comex Gold futures contract on Wednesday is likely to be determined by trader reaction to the 50% level at $1205.90.
Read MoreGBP/USD Daily Price Forecast – GBP/USD Eases from Overnight Gains Ahead of US FOMC Update
The pair could challenge recent highs if the Fed reaffirms gradual rate hike path.
Read MoreAUD/USD and NZD/USD Fundamental Daily Forecast – NZ Supported by Surprise Rise in Business Sentiment
The bullish news was ANZ Business Confidence. This is the report that triggered the rally in the NZD/USD. ANZ Bank’s headline business confidence index bounced 12 points to -38%, indicating that a net 38% of businesses expect conditions to deteriorate in the year ahead.
Read MorePrice of Gold Fundamental Daily Forecast – Dovish Fed Could Force Net Short Money Managers to Cover Aggressively
Technical factors could also play a major role in the direction of the gold market today. The market has been rangebound since mid-August and investors may be waiting for bullish or bearish news to trigger the next major move.
Read MoreDAX Index Price Forecast – DAX to Open Positive Supported by Hawkish Investor Sentiment & Positive Influence From Allied Markets
Frankfurt exchange to see positive performance owning to hawkish influence from international market and positive investor sentiment which favors increased activity in risky assets.
Read MoreNatural Gas Price Fundamental Daily Forecast – Return of Milder Temperatures Could Trigger Steep Break into $2.905 Over Near-Term
We’re going to forecast heightened volatility at this time because of the changing weather forecast.
Read MoreIs This the Best Time to Take an Advantage on Facebook?
Facebook stock is currently trading in a bearish trend, with both technical and fundamental analysis provide a weak sentiment for the company.
Read MoreOil Price Fundamental Daily Forecast – Price Action Suggests Traders Doubt U.S. Claim It Will Keep Market Well-Supplied
The tone in the market remains bullish despite the comments from Brian Hook and President Trump as well as the surprise inventories build. Today’s U.S. Energy Information Administration weekly inventories report could cause some volatility when it is released at 1430 GMT. It is expected to show a draw of about 700,000 barrels. Given the miss by the API report, investors could already be pricing in a build.
Read MoreTrump makes mark at UN, but Prepare for FOMC Outcome
Although a variety of headlines are circulating following the speech from President Trump at the United Nations, financial market movements are slightly muted as investors around the globe prepare for the conclusion of the Federal Reserve policy meeting later today
Read MorePrecious Metals Continue to Move in Range Ahead of FOMC Update
Gold prices held steady on Wednesday as investors were cautious ahead of the conclusion of U.S. Federal Reserve’s two-day meeting, where policymakers are expected to raise interest rates for the third time this year.
Read MoreAsian Markets Grow Despite Trade Wars, Fed Meeting in Focus
Asian markets advance on Wednesday morning despite trade wars concerns. Investors await the FOMC meeting tonight to get further clues on the central bank rate-hike plan.
Read MoreTwo different signals on the JPY
Read MoreUSD/CHF Bullish Bounce at W H4 Pivot
Read MoreWhat to Expect From the Fed Meeting Today?
Given that the rate decision is taken as a given, all eyes will be on the wording that accompanies the decision and, on the Fed’s updated Summary of Economic Projections which will also be released.
Read MoreUSD/CAD Daily Price Forecast – USD/CAD Range Bound Ahead of FOMC Update despite NAFTA Headlines
Subdued USD demand fails to provide any fresh directional impetus while retracing crude oil prices also failed to influence commodity-linked Loonie.
Read MoreEUR/USD Mid-Session Technical Analysis for September 26, 2018
Based on the early price action, the direction of the EUR/USD will be determined by trader reaction to the uptrending Gann angle at 1.1766.
Read MoreWebinar – Japanese Candlesticks: Trading Strategies
FBS analyst Elizabeth Belugina explains how to use candlestick patterns for identifying a real breakout of a level a the false one. You will also learn how to combine candlestick analysis with trend lines and technical indicators
Read MoreTop 10 features for Forex Trading Now! – Webinar 27 September
With hundreds of thousands of expert advisors and forex indicators online, which ones do you really need? More importantly, how do you use them?
Read MoreFed to Signal More Aggressive Path of Rate Hikes
While today’s rate hike won’t come as a surprise to Fed-watchers and the financial markets, the future level of interest rates could. This is because there are still some who believe the central bank will maintain its less hawkish tone. However, with support from recent solid economic data I expect the Fed to announce it will reset a few of its goals today and try to nudge market rate expectations higher.
Read MoreE-mini S&P 500 Index (ES) Futures Technical Analysis – September 26, 2018 Forecast
Based on the early price action, the direction of the December E-mini S&P 500 Index futures contract into the close is likely to be determined by trader reaction to 2932.50.
Read MoreFed Hikes Benchmark Rate, Signals More to Come, No Longer “Accommodative”
The new fed funds range is between 2 percent and 2.25 percent, where it last was in April 2008. Along with the rate increase, the Federal Open Market Committee continued to project one more rate hike before the end of the year and three in 2019.
Read MoreE-mini Dow Jones Industrial Average (YM) Futures Analysis – Downside Momentum Could Build into Close
Based on the current price and Wednesday’s price action, the direction of the December E-mini S&P 500 Index into the close is likely to be determined by trader reaction to the pivot at 26661.
Read MoreE-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Sustained Move Under 7572.00 Could Trigger Steep Break
Based on the late session trade, the direction of the December E-mini NASDAQ-100 Index over the near-term is likely to be determined by trader reaction to the short-term 50% level at 7572.00.
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