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FX Empire
Australian Minister and Senator Comment on ACY Securities.
Read our 1-on-1 interview with Justin Pooni and discover why ACY Securities is one of the hottest multi-asset brokers in Australia right now.
FX Empire
AUD/USD and NZD/USD Fundamental Weekly Forecast – Trade Deal Optimism Likely to Underpin Aussie, Kiwi
Aussie and Kiwi traders are going to continue to make adjustments to their positions in reaction to the chances of further rate cuts by the RBA and RBNZ, respectively. However, most eyes will be on the progress of the trade talks.
FX Empire
USD/JPY Fundamental Weekly Forecast – Unless US-China Officials are Lying, the Week Begins with ‘Cautiously Bullish’ Tone
Hopes that the United States and China may soon end their trade war after a pair of high-ranking White House officials drove down demand for the safe-haven Japanese Yen on Friday. This move could continue this week if the optimism prevails.
FX Empire
Price of Gold Fundamental Weekly Forecast – Prepare for Trade Deal Related Volatility…Whether On or Off
The U.S. stock markets at record highs and positive comments from U.S. officials that progress is being made on the “phase one” trade agreement with China are likely to continue to keep a lid on gold prices and could even drive prices through recent lows.
FX Empire
Yen Rises on Safe-Haven Buying, Surprises Drive Kiwi Higher, Aussie Lower
Mixed comments about the status of trade talks between the United States and China encouraged some investors to seek shelter in the safe-haven Japanese Yen. The Australian Dollar closed lower last week after the country’s employment report for the month of October created a surprise disappointment among investors. The New Zealand Dollar finished the week sharply higher after wholesale interest rates spiked after the Reserve Bank left its official cash rate (OCR) unchanged at 1 percent.
Investing.com
Energy & Precious Metals - Weekly Review and Calendar Ahead
By Barani Krishnan
FX Empire
The Week Ahead – Private Sector PMIs, UK Politics and Trade in Focus
While economic data will influence, Beijing and Washington will likely have the greatest impact on risk appetite in the week ahead.
FX Empire
The UK General Election – Odds and Projections Updates
Electoral Calculus sees the Tory Parties majority narrow going into the weekend. This weekend’s YouGov opinion will be telling…
FX Empire
EUR/USD Forex Technical Analysis – Could See 2 to 3 Session Rally into 1.1083 to 1.1104
The confirmation of the closing price reversal bottom is potentially bullish. Typically, this chart pattern leads to a 2 to 3 day counter-trend rally. Its first upside target is usually 50% to 61.8% of the last leg down. This makes 1.1083 to 1.1104, our first objective.
Reuters
UPDATE 1-Speculators increase long bets on U.S. dollar - CFTC, Reuters
Speculators raised their bullish bets on the U.S. dollar in the latest week to the largest position in four weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $15.70 billion in the week to Nov. 12. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the U.S. dollar posted a net short position valued at $14.323 billion, up from $12.219 billion a week earlier.
FX Empire
Gold Price Prediction – Prices Slip Despite Declining Greenback
US retail sales comes in stronger than expected
FX Empire
Finally, USD/JPY Hesitantly Rises Today. A Bit Too Cautiously?
USD/JPY has been steadily decreasing in recent days, as the bulls had trouble overcoming the orange resistance zone. The pair has ended its losing streak with today’s rise, however. Does it mark the end of its decline, or is there more to come?
FX Empire
What ECB’s Tiering Means for Gold
In a key policy shift, the ECB has recently introduced tiered system of interest rates. This news isn’t of interest only to the banks keeping their reserves at the ECB. In today’s article, you’ll learn about the new instrument of monetary policy, and find out what it implies for the gold market.
FX Empire
Gold Weekly Price Forecast – Gold Markets Find Support At Crucial Level
Gold markets went back and forth during the week, testing a crucial level underneath at the $1450 level. At this point, the market then bounced to show signs of life again.
FX Empire
Gold Price Forecast – Gold Markets Pulled Back Slightly During Friday Session
The gold markets have initially pulled back a bit during the trading session on Friday but have also bounced from the lows. At this point, it looks as if gold is trying to build up a little bit of a basin decide whether or not it can continue to go higher on the longer-term charts.
FX Empire
USD/JPY Weekly Price Forecast – US Dollar Continues To Consolidate Against Yen
The US dollar fell during a large part of the week, but then turned around to show signs of life towards the end as we continue to press up against a major resistance barrier.
FX Empire
GBP/USD Weekly Price Forecast – British Pound Continues Building Bullish Pressure
The British pound has rallied a bit during the week, reaching towards the top of the flag that is currently being built. It should be noted that we are just above the 50 week moving average, which is a representation of support.
FX Empire
GBP/JPY Weekly Price Forecast – British Pound Resilient During The Week
The British pound has remained rather resilient during the week, as we continue to hang around the ¥140 level. At this point, it looks as if the market is trying to build up the necessary momentum to finally go higher.
FX Empire
EUR/USD Weekly Price Forecast – Euro Continues To Chop Back And Forth
The Euro initially fell during the week but then turned around to rally as the market simply went nowhere. It looks as if we are trying to find a bit of support at the 1.10 level which would make sense as it is a large, round, psychologically significant figure.
FX Empire
AUD/USD Weekly Price Forecast – Australian Dollar Continues To Fight
The Australian dollar has fallen during most of the week but has also seen a nice bounce from previous areas of interest, suggesting that they are trying to build up enough momentum to turn this thing around.
FX Empire
USD/JPY Price Forecast – US Dollar Rallies Against Japanese Yen To End Week
The US dollar rallied a bit during the trading session on Friday the in the week on a positive note, as Larry Kudlow has suggested that the US and China are making progress on “Phase 1” of the trade deal.
FX Empire
GBP/USD Price Forecast – British Pound Continues To Form A Bullish Flag
The British pound is very little during the trading session on Friday, as the market is struggling with the 1.29 handle. We are currently trying to build a bullish flag, but at this point most of what we have is noise.
FX Empire
GBP/JPY Price Forecast – British Pound Continues Chopping Against Japanese Yen
The British pound continues to go back and forth against Japanese and, as we reached above the ¥140 level. At this point in time, the market looks as if it is ready to continue the same action that we have seen for several days.
FX Empire
EUR/USD Price Forecast – Euro Continues To Bounce From Large Handle
The Euro rallied a bit during the trading session on Friday, reaching towards the 50 day EMA. At this point, the market looks as if it is trying to recover from the 1.10 level, but quite frankly this is just a large round number so you can’t read too much into it.
FX Empire
AUD/USD Price Forecast – Aussie Dollar Bounces
The Australian dollar has bounced a bit during the trading session on Friday, perhaps in a correction to the overreaction of the Australian employment figures. While we did break down due to those employment figures, the reality is that this pair is about US/China, and not much more.