#WaveAnalysis
#CADCHF is expected to fall further and retest the next support level 0.7300
https://fxpro.news/market-snapshots/cadchf-wave-analysis-20-august-2019-20190820/
#CADCHF is expected to fall further and retest the next support level 0.7300
https://fxpro.news/market-snapshots/cadchf-wave-analysis-20-august-2019-20190820/
FX: The dollar index is adding 0.1% in the morning on Wednesday after falling 0.2% the day before. EUR and GBP are gaining ground, moving away from local lows. Turkish Lira (TRY) lost 2.7% in two days. The South African rand, by contrast, is strengthening after a drop since the beginning of the month. On the whole, a positive-neutral attitude prevails in the markets.
Stocks: S&P 500 futures added about 0.8% in the morning, having won back the decline a day earlier. The MSCI of the Asia-Pacific region has been trampled at about the same level since the beginning of the week. Stock market volatility declined after a spike earlier this month.
Commodities: Brent rose to $ 60, on API reports of US stocks dropping. Gold continues to run near 1500.
Crypto: Bitcoin loses 5% in 24 hours. Top 10 altcoins lose from 2.5% to 7%.
Stocks: S&P 500 futures added about 0.8% in the morning, having won back the decline a day earlier. The MSCI of the Asia-Pacific region has been trampled at about the same level since the beginning of the week. Stock market volatility declined after a spike earlier this month.
Commodities: Brent rose to $ 60, on API reports of US stocks dropping. Gold continues to run near 1500.
Crypto: Bitcoin loses 5% in 24 hours. Top 10 altcoins lose from 2.5% to 7%.
Important Upcoming Events (GMT):
12:30 CAD 🇨🇦 [!!!] Canada Consumer Price Index
14:00 USD 🇺🇸 [ !!] U.S. Existing Home Sales
17:00 USD 🇺🇸 [!!!] FOMC Meeting Minutes
Detailed economic calendar
12:30 CAD 🇨🇦 [!!!] Canada Consumer Price Index
14:00 USD 🇺🇸 [ !!] U.S. Existing Home Sales
17:00 USD 🇺🇸 [!!!] FOMC Meeting Minutes
Detailed economic calendar
The markets are wary of the Fed’s signals
Trump said that he is considering a new portion of tax stimulus to support the economy while debt markets are pricing in three more interest rate cuts this year as the main scenario.
But markets are choppy this week, declined 0.8% yesterday.
Maybe the market hopes are too high and there is simply no good news that can push markets higher.
This is very unstable construction before Fed's FOMC minutes and Jackson Hole summit.
https://fxpro.news/daily-forex-outlook/the-markets-are-wary-of-the-feds-signals-20190821/
Trump said that he is considering a new portion of tax stimulus to support the economy while debt markets are pricing in three more interest rate cuts this year as the main scenario.
But markets are choppy this week, declined 0.8% yesterday.
Maybe the market hopes are too high and there is simply no good news that can push markets higher.
This is very unstable construction before Fed's FOMC minutes and Jackson Hole summit.
https://fxpro.news/daily-forex-outlook/the-markets-are-wary-of-the-feds-signals-20190821/
Bitcoin fell by more than 5% in the last 24 hours and is now trading around $10,250. The level of $11,000 has become too hard resistance level with sell-offs on the way.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-turned-lower-after-fail-to-take-above-11000-20190821/
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-turned-lower-after-fail-to-take-above-11000-20190821/
FX: Dollar index runs around 92.10 for the fourth day. EUR, GBP failed to develop the offensive, having lost about 0.2% on Wednesday. The volatility of the main currency pairs decreases during the week, but today there is interest in protective CHF, JPY restored; “yielding” TRY and ZAR are on defence.
Stocks: S&P 500 futures are adding around 0.1% in the morning after rising 0.8%. The MSCI of the Asia-Pacific region has been trampled at about the same level since the beginning of the week. Stock market volatility continues to decline.
Commodities: Brent corrected to 59.50 after rising to $ 61 on Wednesday. Gold remains near $1500, losing 0.2% from the start of the day to $1499.
Crypto: Bitcoin loses 2% in 24 hours to $9900. Top 10 altcoins lose from 0.5% to 2.5%.
Stocks: S&P 500 futures are adding around 0.1% in the morning after rising 0.8%. The MSCI of the Asia-Pacific region has been trampled at about the same level since the beginning of the week. Stock market volatility continues to decline.
Commodities: Brent corrected to 59.50 after rising to $ 61 on Wednesday. Gold remains near $1500, losing 0.2% from the start of the day to $1499.
Crypto: Bitcoin loses 2% in 24 hours to $9900. Top 10 altcoins lose from 0.5% to 2.5%.
Important Upcoming Events (GMT):
08:00 EUR 🇪🇺 [!!]Euro area PMI preliminary estimate
11:30 EUR 🇪🇺 [!!]ECB Monetary Policy Meeting Accounts
12:30 USD 🇺🇸 [!!] U.S. Unemployment Claims
13:45 USD 🇺🇸 [!!] U.S. PMI preliminary estimate
Detailed economic calendar
08:00 EUR 🇪🇺 [!!]Euro area PMI preliminary estimate
11:30 EUR 🇪🇺 [!!]ECB Monetary Policy Meeting Accounts
12:30 USD 🇺🇸 [!!] U.S. Unemployment Claims
13:45 USD 🇺🇸 [!!] U.S. PMI preliminary estimate
Detailed economic calendar
Divided Fed can't stop the Dollar growth
The published minutes of the Federal Reserve Board's previous meeting showed a serious split in opinions on monetary policy.
Over the past few days, the probability of a 50-point rate cut in September declined from 30% to 1.5%, relaxing expectations of a more aggressive easing. Such a change in sentiment supports the U.S. dollar.
Over the course of the week, the dollar index rose by 1% to 98.20. This is the area of 2-year highs, and the fourth time the USD has attempted growth since April. Previously, the dollar rolled back from these levels, following an easing of the Fed's rhetoric. Now, the situation is in favour of dollar growth.
https://fxpro.news/daily-forex-outlook/melting-hopes-what-emerged-in-the-feds-minutes-20190822/
The published minutes of the Federal Reserve Board's previous meeting showed a serious split in opinions on monetary policy.
Over the past few days, the probability of a 50-point rate cut in September declined from 30% to 1.5%, relaxing expectations of a more aggressive easing. Such a change in sentiment supports the U.S. dollar.
Over the course of the week, the dollar index rose by 1% to 98.20. This is the area of 2-year highs, and the fourth time the USD has attempted growth since April. Previously, the dollar rolled back from these levels, following an easing of the Fed's rhetoric. Now, the situation is in favour of dollar growth.
https://fxpro.news/daily-forex-outlook/melting-hopes-what-emerged-in-the-feds-minutes-20190822/
Bitcoin: extreme fear or extreme opportunity?
The “fear and greed” index of Bitcoin has fallen to 5, which corresponds to the designation “extreme fear” levels. Judging by the index, it may mean the prospect of a sharp decline, which causes panic on the one side of the crypto market and creates the opportunity to buy at a discount for another. At the moment the market is really selling, but the decline in Bitcoin is not as dramatic as the index shows.
https://fxpro.news/analysis-and-insight/bitcoin-extreme-fear-or-extreme-opportunity-20190822/
The “fear and greed” index of Bitcoin has fallen to 5, which corresponds to the designation “extreme fear” levels. Judging by the index, it may mean the prospect of a sharp decline, which causes panic on the one side of the crypto market and creates the opportunity to buy at a discount for another. At the moment the market is really selling, but the decline in Bitcoin is not as dramatic as the index shows.
https://fxpro.news/analysis-and-insight/bitcoin-extreme-fear-or-extreme-opportunity-20190822/
FX: The dollar index returned to 98.20, this week highs area, having changed minimally for the day. GBP rolled back to 1.2210 after jumping 1.2% to 1.2260 on Thursday. Except for the pound, currencies make minor fluctuations.
Stocks: S&P 500 futures are adding around 0.5% in the morning after falling 0.4% on Thursday. MSCI Asia Pacific is adding 0.1%. Stock market volatility has grown slightly but remains below average.
Commodities: Brent second day remains near 59.50 after rising to $ 61 on Wednesday. Gold slid to 1495, slowly declining the third day.
Crypto: Bitcoin has received support at a downturn at 10,000, trading at 10,200 at the moment. Top 10 altcoins add from 1.5% to 7.0%.
Stocks: S&P 500 futures are adding around 0.5% in the morning after falling 0.4% on Thursday. MSCI Asia Pacific is adding 0.1%. Stock market volatility has grown slightly but remains below average.
Commodities: Brent second day remains near 59.50 after rising to $ 61 on Wednesday. Gold slid to 1495, slowly declining the third day.
Crypto: Bitcoin has received support at a downturn at 10,000, trading at 10,200 at the moment. Top 10 altcoins add from 1.5% to 7.0%.
Important Upcoming Events (GMT):
12:30 CAD 🇨🇦 [ !!] Canada Retail Sales
14:00 USD 🇺🇸 [!!!] Fed Chairman Powell Speaks
14:00 USD 🇺🇸 [ !!] U.S. New Home Sales
Detailed economic calendar
12:30 CAD 🇨🇦 [ !!] Canada Retail Sales
14:00 USD 🇺🇸 [!!!] Fed Chairman Powell Speaks
14:00 USD 🇺🇸 [ !!] U.S. New Home Sales
Detailed economic calendar
Bit-comment: Bitcoin returned above a shy above $10000
Bitcoin was not even allowed to decline to $9,800 but the growth is not impressive either. At the end of the week, the BTC changes hands by $10,150.
Until Bitcoin has fallen below $9K, we can consider that we observe a side trend before the new testing of $13-$14K.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-returned-above-a-shy-above-10000-20190823/
Bitcoin was not even allowed to decline to $9,800 but the growth is not impressive either. At the end of the week, the BTC changes hands by $10,150.
Until Bitcoin has fallen below $9K, we can consider that we observe a side trend before the new testing of $13-$14K.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-returned-above-a-shy-above-10000-20190823/
A double Fed’s game will help Dollar or crush it
In his speech today, Powell likely try to transfer the initiative to support the economy to the Trump's government, while at the same time making it clear that the Fed will not cut rates as much as the markets expect.
This could be strong news for the dollar.
But if Powell succumbs to Trump pressure and market expectations, the US currency faces a reversal to prolonged decline.
https://fxpro.news/daily-forex-outlook/a-double-feds-game-will-help-dollar-or-crush-it-20190823/
In his speech today, Powell likely try to transfer the initiative to support the economy to the Trump's government, while at the same time making it clear that the Fed will not cut rates as much as the markets expect.
This could be strong news for the dollar.
But if Powell succumbs to Trump pressure and market expectations, the US currency faces a reversal to prolonged decline.
https://fxpro.news/daily-forex-outlook/a-double-feds-game-will-help-dollar-or-crush-it-20190823/
#WaveAnalysis
#NaturalGas is expected to fall further and retest the next support level 2.020
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-23-august-2019-20190823/
#NaturalGas is expected to fall further and retest the next support level 2.020
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-23-august-2019-20190823/
#WaveAnalysis
#AUDNZD is expected to fall further and retest the next support level 1.0500.
https://fxpro.news/market-snapshots/audnzd-wave-analysis-23-august-2019-20190823/
#AUDNZD is expected to fall further and retest the next support level 1.0500.
https://fxpro.news/market-snapshots/audnzd-wave-analysis-23-august-2019-20190823/
FX: Fears of trade wars heightened market volatility. The dollar index is recovering, adding 0.2% on Monday after falling 0.7% on Friday after Powell said he was ready to soften politics. EURUSD lost 40 pips from morning to 1.1120. GBPUSD remains near monthly highs at 1.2260.
Stocks: S&P 500 futures add about 1.9% in the morning after a 4% failure in response to new US and Chinese tariffs. MSCI Asia Pacific is losing 2.0% since the start of the day. The VIX Volatility Index jumped to 20.6 on Friday.
Commodities: Brent has been rising 1.4% from the start of the day to $58.70, returning about half the decline on Friday. Gold took off to $1555, but soon rolled back to 1530 area.
Crypto: Bitcoin has again received support after another dip below 10K, trading at $10,300 at the moment. Top 10 altcoins vary in the range from -0.5% to + 3.0%.
Stocks: S&P 500 futures add about 1.9% in the morning after a 4% failure in response to new US and Chinese tariffs. MSCI Asia Pacific is losing 2.0% since the start of the day. The VIX Volatility Index jumped to 20.6 on Friday.
Commodities: Brent has been rising 1.4% from the start of the day to $58.70, returning about half the decline on Friday. Gold took off to $1555, but soon rolled back to 1530 area.
Crypto: Bitcoin has again received support after another dip below 10K, trading at $10,300 at the moment. Top 10 altcoins vary in the range from -0.5% to + 3.0%.
Trade disputes collapsed the Yuan and weakened the Dollar
A new round of trade conflict escalation caused a sale of risky assets and a new round of demand for safe havens. S&P500 and Dow Jones closed Friday with a decline of around 2.5%.
The USDCNH is updating 11-year highs above 7.166, while the U.S. dollar declined against its main rivals
The central banks of the two largest economies, voluntarily or not, are involved in currency wars forced to support the economy through policy easing, with side effects such as the weakening of the national currency.
https://fxpro.news/daily-forex-outlook/trade-disputes-collapsed-the-yuan-and-weakened-the-dollar-20190826/
A new round of trade conflict escalation caused a sale of risky assets and a new round of demand for safe havens. S&P500 and Dow Jones closed Friday with a decline of around 2.5%.
The USDCNH is updating 11-year highs above 7.166, while the U.S. dollar declined against its main rivals
The central banks of the two largest economies, voluntarily or not, are involved in currency wars forced to support the economy through policy easing, with side effects such as the weakening of the national currency.
https://fxpro.news/daily-forex-outlook/trade-disputes-collapsed-the-yuan-and-weakened-the-dollar-20190826/
Bit-comment: New whales accumulating funds
On August 23, at about one moment, 2 new nonidentified wallets appeared in the list of 100 largest BTC wallets with single transactions of +36,470 BTC and +33,705 BTC, which in total equals almost $723 million at the current exchange rate. And this is a good signal for Bitcoin.
https://fxpro.news/analysis-and-insight/bit-comment-new-whales-accumulating-funds-20190826/
On August 23, at about one moment, 2 new nonidentified wallets appeared in the list of 100 largest BTC wallets with single transactions of +36,470 BTC and +33,705 BTC, which in total equals almost $723 million at the current exchange rate. And this is a good signal for Bitcoin.
https://fxpro.news/analysis-and-insight/bit-comment-new-whales-accumulating-funds-20190826/
#WaveAnalysis
#Sugar is expected to rise further and retest the next resistance level 11.90
https://fxpro.news/market-snapshots/sugar-wave-analysis-26-august-2019-20190826/
#Sugar is expected to rise further and retest the next resistance level 11.90
https://fxpro.news/market-snapshots/sugar-wave-analysis-26-august-2019-20190826/
#WaveAnalysis
#EURNZD is expected to fall further and retest the next support level 1.7200
https://fxpro.news/market-snapshots/eurnzd-wave-analysis-26-august-2019-20190826/
#EURNZD is expected to fall further and retest the next support level 1.7200
https://fxpro.news/market-snapshots/eurnzd-wave-analysis-26-august-2019-20190826/
FX: Foreign exchange market volatility remained high on Monday. The dollar index virtually unchanged on Tuesday morning after growth by 0.4% on Monday. EURUSD treads around 1.1100. GBPUSD retreated from the area of monthly highs from 1.2260 to 1.2220.
Stocks: Futures for S&P500 lost 0.3% this morning after the jump by 1.1% on Monday. MSCI Asia Pacific decreased by 0.4%. The VIX volatility index fell 3% to 19.32.
Commodities: Brent price almost unchanged this morning changing hands by $ 58.30 after failed growth overnight. Gold gains 0.3% from the start of the day at $1534 after a pullback from $1555 to $1525.
Crypto: Bitcoin remains in a narrow range just above 10K. Top 10 altcoins lose from 1.5% to 4.5% in the last 24 hours.
Stocks: Futures for S&P500 lost 0.3% this morning after the jump by 1.1% on Monday. MSCI Asia Pacific decreased by 0.4%. The VIX volatility index fell 3% to 19.32.
Commodities: Brent price almost unchanged this morning changing hands by $ 58.30 after failed growth overnight. Gold gains 0.3% from the start of the day at $1534 after a pullback from $1555 to $1525.
Crypto: Bitcoin remains in a narrow range just above 10K. Top 10 altcoins lose from 1.5% to 4.5% in the last 24 hours.