FX: The dollar added 0.2% on Monday morning to 98.2 on DXY after failing 0.8% at the end of last week. SGD, PLN are the leaders in the growth to USD, adding 0.2%. NZD, ZAR gave back some gains next week, dropped 0.4%.
Stocks: S&P500 futures remain near Friday's close at 2970. MSCI World is up 0.8% since Friday morning. The optimism around the US-China talks is restrained by weakening economic indicators. The VIX volatility index fell from 17.3 to 15.7.
Commodities: Brent is traded at $ 50.8 by 10:00 GMT, losing 0.8% from the start of the day. Gold declined to $ 1,490 due to lower demand for safe-harbours.
Crypto: Bitcoin almost did not change in a day, remaining at $ 8300. The top 10 altcoins range from -3.6% (BSV) to + 3.8% (TRX).
Stocks: S&P500 futures remain near Friday's close at 2970. MSCI World is up 0.8% since Friday morning. The optimism around the US-China talks is restrained by weakening economic indicators. The VIX volatility index fell from 17.3 to 15.7.
Commodities: Brent is traded at $ 50.8 by 10:00 GMT, losing 0.8% from the start of the day. Gold declined to $ 1,490 due to lower demand for safe-harbours.
Crypto: Bitcoin almost did not change in a day, remaining at $ 8300. The top 10 altcoins range from -3.6% (BSV) to + 3.8% (TRX).
US-China: economic damage despite trade deal optimism
Friday's partial deal was the most significant breakthrough in the 15-month long US-China trade dispute. The financial markets experienced considerable growth on the news, but took more cautious approach on Monday.
The signing of this trade agreement is similar to pick the lowest hanging fruits. But to get the deal done, more and more efforts will be needed with each phase.
The resent breakthrough is nomore than a pause in further tariff increases. However, the previous measures already hurt the economy.
https://fxpro.news/daily-forex-outlook/us-china-economic-damage-despite-trade-deal-optimism-20191014/
Friday's partial deal was the most significant breakthrough in the 15-month long US-China trade dispute. The financial markets experienced considerable growth on the news, but took more cautious approach on Monday.
The signing of this trade agreement is similar to pick the lowest hanging fruits. But to get the deal done, more and more efforts will be needed with each phase.
The resent breakthrough is nomore than a pause in further tariff increases. However, the previous measures already hurt the economy.
https://fxpro.news/daily-forex-outlook/us-china-economic-damage-despite-trade-deal-optimism-20191014/
#WaveAnalysis
#Apple is expected to rise further and retest the next resistance level 242.00
https://fxpro.news/market-snapshots/apple-wave-analysis-14-october-2019-20191014/
#Apple is expected to rise further and retest the next resistance level 242.00
https://fxpro.news/market-snapshots/apple-wave-analysis-14-october-2019-20191014/
FX: The dollar remains mainly unchanged for the day, settled around 98.2 DXY. The market has a light demand for safe-heavens. Protective JPY, CHF add slightly to USD, while yielding RUB, ZAR lose around 0.2%.
Stocks: Futures on the S&P500 slightly add up to 2980. MSCI World adds 0.6% per day and 0.2% in the morning. The VIX volatility index fell from 15.7 to 14.1.
Commodities: Brent fell by 1.7% to $58.0 from the start of the day. Gold climbed up to $1495 amid moderate traction in safe-heavens.
Crypto: Bitcoin almost did not change in a day, remaining at $8300. The top 10 altcoins range from -3.0% (LTC) to + 4.0% (BNB).
Stocks: Futures on the S&P500 slightly add up to 2980. MSCI World adds 0.6% per day and 0.2% in the morning. The VIX volatility index fell from 15.7 to 14.1.
Commodities: Brent fell by 1.7% to $58.0 from the start of the day. Gold climbed up to $1495 amid moderate traction in safe-heavens.
Crypto: Bitcoin almost did not change in a day, remaining at $8300. The top 10 altcoins range from -3.0% (LTC) to + 4.0% (BNB).
Guessing the Brexit door
This week will be critical for the #GBP, which may result in increased volatility both downwards and upwards. Right now, positive market sentiment supported by hopes for approval of the UK exit from the EU, but it will be harder in the future.
Take a look at our Brexit timetable and potential impact of the events on the currency pairs with GBP and overall markets.
https://fxpro.news/daily-forex-outlook/guessing-the-brexit-door-20191015/
This week will be critical for the #GBP, which may result in increased volatility both downwards and upwards. Right now, positive market sentiment supported by hopes for approval of the UK exit from the EU, but it will be harder in the future.
Take a look at our Brexit timetable and potential impact of the events on the currency pairs with GBP and overall markets.
https://fxpro.news/daily-forex-outlook/guessing-the-brexit-door-20191015/
The regulators strangled Libra and get down to the GRAM
On crypto, instead of financial technology breakthrough and a "Brave new world", the more often we saw references to "1984", judging by how strong the governments' desire to get rid of even hypothetical competitors in the form of Libra and GRAM.
Bitcoin and some other cryptocurrencies appear to be considered as "unavoidable evil" by the authorities, but they see no threat in these projects. They don't see it yet. It's about the trade volumes: if we are talking about several fake billions of dollars, no one will waste the time of regulators.
https://fxpro.news/analysis-and-insight/the-regulators-strangled-libra-and-get-down-to-the-gram-20191015/
On crypto, instead of financial technology breakthrough and a "Brave new world", the more often we saw references to "1984", judging by how strong the governments' desire to get rid of even hypothetical competitors in the form of Libra and GRAM.
Bitcoin and some other cryptocurrencies appear to be considered as "unavoidable evil" by the authorities, but they see no threat in these projects. They don't see it yet. It's about the trade volumes: if we are talking about several fake billions of dollars, no one will waste the time of regulators.
https://fxpro.news/analysis-and-insight/the-regulators-strangled-libra-and-get-down-to-the-gram-20191015/
#WaveAnalysis
#GBPNZD is expected to rise further and retest the next resistance level 2.0400
https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-15-october-2019-20191015/
#GBPNZD is expected to rise further and retest the next resistance level 2.0400
https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-15-october-2019-20191015/
FX: The dollar fell 0.2% per day to 98.0 DXY. There is some rollback on the market after the day before. Except for a decrease in GBPUSD by 0.3%, there is a weakly pronounced dynamics in any direction.
Stocks: S&P500 futures are losing 0.2% from the start of the day to 2990 after rising 1.1% the day before. MSCI World adds 0.8% over the last 24h, almost unchanged in the morning. The VIX volatility index remained near 14.1.
Commodities: By 09:00 GMT Brent traded at $ 58.2, declined 0.8%. Overnight Gold decreased to $1480 after the growth of markets, in the morning it strengthens to $1483.
Crypto: Bitcoin lost 2% per day, remaining at $8100. The top 10 altcoins range from +5% (TRX) to + 4.0% (BSV).
Stocks: S&P500 futures are losing 0.2% from the start of the day to 2990 after rising 1.1% the day before. MSCI World adds 0.8% over the last 24h, almost unchanged in the morning. The VIX volatility index remained near 14.1.
Commodities: By 09:00 GMT Brent traded at $ 58.2, declined 0.8%. Overnight Gold decreased to $1480 after the growth of markets, in the morning it strengthens to $1483.
Crypto: Bitcoin lost 2% per day, remaining at $8100. The top 10 altcoins range from +5% (TRX) to + 4.0% (BSV).
Where GBP is heading now?
In less than a week, the #GBPUSD strengthened by 5% and #EURGBP by 4.3%.
Since last Thursday's rally, GBPUSD has come a long way from near 1.22 and touched 1.28 last night. At the time of writing, the pound corrected to 1.2750, although the pair remains above the critical 200-day moving average line at 1.2710. It often acts as an essential trend indicator. Fixing the pound above this line at the end of this week will be a necessary signal for the markets to end the devaluation period.
https://fxpro.news/daily-forex-outlook/where-the-pound-aimed-20191016/
In less than a week, the #GBPUSD strengthened by 5% and #EURGBP by 4.3%.
Since last Thursday's rally, GBPUSD has come a long way from near 1.22 and touched 1.28 last night. At the time of writing, the pound corrected to 1.2750, although the pair remains above the critical 200-day moving average line at 1.2710. It often acts as an essential trend indicator. Fixing the pound above this line at the end of this week will be a necessary signal for the markets to end the devaluation period.
https://fxpro.news/daily-forex-outlook/where-the-pound-aimed-20191016/
Bit-comment: Bitcoin quetly sank under $8000
The crypto market started to decline moderately. On Wednesday morning Bitcoin loses almost 2% and changes hands for $8,000. The price decreases with a relatively stable trading volume of around $15bn. Other leading cryptocurrencies also show a decline of 1-5%.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-quetly-sank-under-8000-20191016/
The crypto market started to decline moderately. On Wednesday morning Bitcoin loses almost 2% and changes hands for $8,000. The price decreases with a relatively stable trading volume of around $15bn. Other leading cryptocurrencies also show a decline of 1-5%.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-quetly-sank-under-8000-20191016/
#WaveAnalysis
#EURNZD is expected to rise further and retest the next resistance level 1.7800
https://fxpro.news/market-snapshots/eurnzd-wave-analysis-16-october-2019-20191016/
#EURNZD is expected to rise further and retest the next resistance level 1.7800
https://fxpro.news/market-snapshots/eurnzd-wave-analysis-16-october-2019-20191016/
Important Upcoming Events (GMT):
All day GBP 🇪🇺🇬🇧 [!!!] European Council Meeting
08:30 GBP 🇬🇧 [!!] UK Retail Sales
12:30 USD 🇺🇸 [!!] US Building Permits
13:15 USD 🇺🇸 [!!] US Industrial Production
02:00 CNH 🇨🇳 [!!!] China Real GDP
Detailed economic calendar
All day GBP 🇪🇺🇬🇧 [!!!] European Council Meeting
08:30 GBP 🇬🇧 [!!] UK Retail Sales
12:30 USD 🇺🇸 [!!] US Building Permits
13:15 USD 🇺🇸 [!!] US Industrial Production
02:00 CNH 🇨🇳 [!!!] China Real GDP
Detailed economic calendar
FX: The dollar fell 0.3% per day to 97.7 DXY. On the market, the dollar weakened after weak data from the US and optimism around the Brexit deal. Sensitive to demand for risks, ZAR, AUD add about 0.5%. GBPUSD decreased by 0.2% after the 1.2% intraday rally on Wednesday.
Stocks: S&P500 futures remain at 2990, little changed over the last 24h. MSCI World virtually unchanged. The VIX volatility index fell from 14.1 to 13.8.
Commodities: Brent is trading at $58.8, almost unchanged over the day. Gold declined to $1487 after an unsuccessful attempt to go above $1490 on Wednesday.
Crypto: Bitcoin lost 2% per day, remaining at $8,000. The top 10 altcoins ranged from -5.0% (TRX) to -0.8% (BNB).
Stocks: S&P500 futures remain at 2990, little changed over the last 24h. MSCI World virtually unchanged. The VIX volatility index fell from 14.1 to 13.8.
Commodities: Brent is trading at $58.8, almost unchanged over the day. Gold declined to $1487 after an unsuccessful attempt to go above $1490 on Wednesday.
Crypto: Bitcoin lost 2% per day, remaining at $8,000. The top 10 altcoins ranged from -5.0% (TRX) to -0.8% (BNB).
Dollar pessimism is back
The dollar dragged down by domestic retail sales. Weak economic data resulted in a decrease of the dollar index to the area of September lows to 97.60. A similar disappoint may also come from the housing and manufacturing data, set to release today.
For the dollar, this may be an unpleasant surprise, as it will bring back the expectations of new rate cuts to the markets.
https://fxpro.news/daily-forex-outlook/dollar-pessimism-is-back-20191017/
The dollar dragged down by domestic retail sales. Weak economic data resulted in a decrease of the dollar index to the area of September lows to 97.60. A similar disappoint may also come from the housing and manufacturing data, set to release today.
For the dollar, this may be an unpleasant surprise, as it will bring back the expectations of new rate cuts to the markets.
https://fxpro.news/daily-forex-outlook/dollar-pessimism-is-back-20191017/
UK Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker announced the reach agreement on Brexit deal.
GBPUSD jumped to 1.2990 shortly after this news. Now, UK PM faced a challenge in getting this deal approved by parliament, which has repeatedly rejected May’s agreement with the EU earlier.
Northern Ireland’s Democratic Unionist Party maintained on Thursday that it could not support the agreement in its current form.
That raised doubts, whether Johnson will be able to win the British parliament’s approval on special parliamentary session on Saturday.
The comments of British politicians and the results of polls can have a significant impact on the markets, especially at the opening of trading on Monday.
GBPUSD jumped to 1.2990 shortly after this news. Now, UK PM faced a challenge in getting this deal approved by parliament, which has repeatedly rejected May’s agreement with the EU earlier.
Northern Ireland’s Democratic Unionist Party maintained on Thursday that it could not support the agreement in its current form.
That raised doubts, whether Johnson will be able to win the British parliament’s approval on special parliamentary session on Saturday.
The comments of British politicians and the results of polls can have a significant impact on the markets, especially at the opening of trading on Monday.
SEC stopped Libra and Gram, but what about China?
Long-awaited events on cryptomarket, including Bakkt, Libra and Telegram, have not only failed to increase optimism but have also darkened clouds over the cryptocurrencies’ future.
The Chinese state cryptocurrency could become another point of contention in the trade war of the world’s major economies.
If Beijing fails to make the yuan the leading global reserve “paper” currency, it may try to grasp a place in the world of digital national currencies.
https://fxpro.news/analysis-and-insight/sec-stopped-libra-and-gram-but-what-about-china-20191017/
Long-awaited events on cryptomarket, including Bakkt, Libra and Telegram, have not only failed to increase optimism but have also darkened clouds over the cryptocurrencies’ future.
The Chinese state cryptocurrency could become another point of contention in the trade war of the world’s major economies.
If Beijing fails to make the yuan the leading global reserve “paper” currency, it may try to grasp a place in the world of digital national currencies.
https://fxpro.news/analysis-and-insight/sec-stopped-libra-and-gram-but-what-about-china-20191017/
#WaveAnalysis
#GBPAUD is expected to fall further and retest the next support level 1.8630
https://fxpro.news/market-snapshots/gbpaud-wave-analysis-17-october-2019-20191017/
#GBPAUD is expected to fall further and retest the next support level 1.8630
https://fxpro.news/market-snapshots/gbpaud-wave-analysis-17-october-2019-20191017/
Important Upcoming Events (GMT):
All Day EUR|GBP 🇪🇺🇬🇧 [!!!] EU Economic Summit
14:00 USD 🇺🇸 [!!] FOMC Member George Speaks
15:30 USD 🇺🇸 [!!] FOMC Member Clarida Speaks
17:45 GBP 🇬🇧 [!!!] BOE Governor Carney Speaks
Detailed economic calendar
All Day EUR|GBP 🇪🇺🇬🇧 [!!!] EU Economic Summit
14:00 USD 🇺🇸 [!!] FOMC Member George Speaks
15:30 USD 🇺🇸 [!!] FOMC Member Clarida Speaks
17:45 GBP 🇬🇧 [!!!] BOE Governor Carney Speaks
Detailed economic calendar
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
Pound after Brexit: where to go
What will happen next after UK and EU agreed the Brexit deal?
It is important to note that the whole Brexit story is full of surprises and shocks.
So, it may be the hardest part of the game for Pound as the deal is yet to be approved by the UK Parliament on Saturday.
https://fxpro.news/daily-forex-outlook/pound-after-brexit-where-to-go-20191018/
What will happen next after UK and EU agreed the Brexit deal?
It is important to note that the whole Brexit story is full of surprises and shocks.
So, it may be the hardest part of the game for Pound as the deal is yet to be approved by the UK Parliament on Saturday.
https://fxpro.news/daily-forex-outlook/pound-after-brexit-where-to-go-20191018/
#WaveAnalysis
#Brent Crude Oil is expected to rise further and retest the next resistance level 54.90
https://fxpro.news/market-snapshots/brent-crude-oil-wave-analysis-18-october-2019-20191018/
#Brent Crude Oil is expected to rise further and retest the next resistance level 54.90
https://fxpro.news/market-snapshots/brent-crude-oil-wave-analysis-18-october-2019-20191018/
#WaveAnalysis
#NZDCAD is expected to rise further and retest the next resistance level 0.8430
https://fxpro.news/market-snapshots/nzdcad-wave-analysis-18-october-2019-20191018/
#NZDCAD is expected to rise further and retest the next resistance level 0.8430
https://fxpro.news/market-snapshots/nzdcad-wave-analysis-18-october-2019-20191018/