We are heading into a new trading week with some extreme divergence in benchmark assets. On the one hand, we have the Dow leading US indices to record highs as the VIX remains crushed to extreme lows. Yet, the speculative single-mindedness this commitment may suggest doesn’t seem to be well reflected in other risk assets, major FX pairs, crude oil or gold. Why?
Gold Price Outlook: XAU/USD May Rise on FOMC Minutes, Trade War
Gold prices may be given a tailwind from the FOMC minutes and escalating trade war risks if they fuel demand for anti-fiat assets amid expectations of additional Fed easing.
Battered Australian Dollar Looks To RBA Minutes, Lowe Speech
The Australian Dollar has been hit in recent days by a slew of bearish news from both home and abroad. There may be less of this to come in the week ahead, but it’s still hard to see the currency rising.
Euro Price Forecast: Fundamental Analysis Indicates More of the Same
The Euro’s struggle to move higher against a range of currencies continues and without further support this is likely to continue into the year-end.
Dow Jones and FTSE 100 Forecast for the Week Ahead
Dow Jones hits record high, however, central bank liquidity prompts volatility implosion. FTSE 100 among underperformers with focus remaining on politics.
Euro Technical Forecast: EUR/USD, EUR/JPY, EUR/GBP, EUR/AUD
The Euro made cautious upside gains, with EUR/USD showing most potential for upside follow-through. EUR/JPY and EUR/AUD may stall at key falling channels as EUR/GBP eyes 2019 lows.
Australian Dollar Outlook: Aussie Sell-off Halted at Lateral Support
The Aussie sell-off halted at key lateral support this week and puts the focus on a break of this key range. Here are the levels that matter on the AUD/USD weekly chart.
Dow Jones, Nasdaq 100 & DAX 30 Technical Forecasts for the Week
The Dow Jones moved confidently higher last week as it added onto recent gains. Now, stocks will aim to continue their rally while enjoying support from prior all-time highs.
Gold Forecast Supports Measured Swings as Support Breaks Fail to Spark Trend
Gold eased down to a three-month low this past week, but the move hardly counted as a ‘break’ and was even lighter when it came to follow through. Where and when will the next trend form?
British Pound Outlook Hinges on UK Vote as Johnson, Corbyn Debate
The outlook for the British Pound continues to hinge on the outcome of December’s UK election and its implications for Brexit. The contest’s first debate looms ahead.
US Dollar Ahead: EUR/USD Eyes FOMC & ECB Minutes, USD/CAD to CPI
The US Dollar fell, looking to FOMC and ECB minutes for Euro price action. It may rise against the Canadian Dollar on CPI data and if US-China trade deal bets suddenly decline.
British Pound Forecast: GBP/USD at Work Building Bullish Pattern
As we head into next week, Cable is continuing to digest the massive leg higher last month, which at some point soon could mean another surge.
Chart Legend:
USD (DXY) = Green
Oil = Black
Gold (XAUUSD) = Yellow
