Forecasts & Analysis | Page 14
Is the US/China Trade Deal Being Just A Detente?
There were very mixed headlines to start the day. US drafting rules to block more sale to Huawei while China vows to punish firms who infringe on trade secrets, according to the New York Times. But I think after two years of trade war noise, hopefully the markets have learned
USD/JPY Bullish Breakout Above 110 Confirms Wave C Impulse
USD/JPY made a bullish breakout above the resistance trend line, which is confirming the development of a wave C towards the Fibonacci targets.
NZD/USD Forex Technical Analysis – Selling Pressure Likely to Increase Under .6600 With .6567 Next Target
Based on the price action this week and the current price at .6616, the direction of the NZD/USD the rest of the session on Wednesday is likely to be determined by trader reaction to the intermediate Fibonacci level at .6632.
However, removing China from the currency manipulator list, a thorny issue for the mainland , eliminates one of the significant obstacles in the way to the next phase of the comprehensive agreement.On the more one-sided tails for Asian FX, particularly in the more trade/ growth/tech-oriented North. China is expected to
AUD/USD Forex Technical Analysis – Holding Retracement Zone Support at .6893 – .6884
Based on the early price action and the current price at .6897, the direction of the AUD/USD the rest of the session on Wednesday is likely to be determined by trader reaction to the main 50% level at .6893.
Crude Oil Price Update – Strengthens Over $58.80, Weakens Under $57.79
Based on yesterday’s price action and the current price at $58.08, the direction of the March WTI crude oil market on Wednesday is likely to be determined by trader reaction to a pair of 50% levels at $58.80 to $57.79.
Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 15/01/20
It’s a choppy start to the morning. Failure to move back through to key levels could see the majors cough up Tuesday’s gains…
U.S. Dollar Index Futures (DX) Technical Analysis – 97.035 Potential Trigger Point for Downside Acceleration
Based on the price action this week and the current price at 97.095, the direction of the March U.S. Dollar Index on Wednesday is likely to be determined by trader reaction to the intermediate 50% level at 97.035.
EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 15/01/20
It’s a mixed start to the day as investors lock-in gains from Tuesday. A move back through the early highs would signal another breakout.