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).

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/

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.

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/

#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/

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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/

#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/

#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/

FX: The dollar decreased the 7th trading session of the last eight, dropped to a 3-month low for DXY to 96.6. GBPUSD touched levels above1.30, moving up on the news about a possible vote on the deal on Monday, adding 0.5% this morning. Asian AUD, NZD add about 0.5%. Turkish Lira is down 0.6%.

Stocks: S&P500 Futures remain at 2990, slightly changing for the 4th trading session in a row. MSCI World 3rd trading session runs around 2200. The VIX volatility index has grown somewhat from 14.1 to 13.8.

Commodities: Brent is trading at $ 58.8, almost unchanged from Thursday. Gold is trading near $ 1490, staying in a limited range.

Crypto: Bitcoin is adding 3% over last 24h, rising to $ 8,200. Top 10 altcoins mainly in the green zone.

What’s ahead: more Brexit votes, pound volatility or fully uncertainty?

The markets still faces complete uncertainty around Brexit: all options are on the table, from a second referendum to the abandonment of Brexit. All this shifts the possible surge in volatility to a later date – to the Monday or Tuesday evenings, after British lawmakers nevertheless speak out about the new Brexit deal.

https://fxpro.news/daily-forex-outlook/whats-ahead-more-brexit-votes-pound-volatility-or-fully-uncertainty-20191021/

FX: The dollar is showing growth attempts after a prolonged weakening. DXY rose to 97.0, almost unchanged in a day. GBPUSD warily rolls back from levels above 1.30 yesterday, trading near 1.2930 at the time of writing ahead of a meaningful vote in Parliament. Demand for “yielding” currencies is increasing: NZD, TRY are the leaders in growth, while CHF is losing ground.

Stocks: S&P500 Futures lost their steam after growth overnight, retreating to 3000 after touching 3013 earlier in the morning. MSCI World adds 0.6% per day. The VIX volatility index remained near 14.1.

Commodities: Brent declined overnight from $ 58.8 to $ 58.6. Gold is trading near $ 1,488, staying in a limited range.

Crypto: Bitcoin has not changed in a day, remaining at $ 8,200. The top 10 altcoins range from -0.1% (ETH) to + 13% (BSV).

Is there real Brexit and US-China trade deal progress?

Markets on the rise on waiting for another meaningful Brexit vote and reacting to virtual US-China trade de-escalation. But eventually politics were maybe just kicking can down the road.

https://fxpro.news/daily-forex-outlook/is-there-any-decision-on-brexit-20191022/

Bitcoin cannot break away from support

Last night, bitcoin briefly jumped above 8300, but failed to develop its offensive, and was thrown back to the area of 8200, where it began trading the week.

From the technical analysis side, Bitcoin remains above the 200-day average. Meanwhile, the death cross hangs over Ethereum.

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-cannot-break-away-from-support-20191022/

#WaveAnalysis
#NZDCHF is expected to rise further and retest the next resistance level 0.6400

https://fxpro.news/market-snapshots/nzdchf-wave-analysis-22-october-2019-20191022/

#WaveAnalysis
#Google is expected to fall further and retest the next support level 1200.00.

https://fxpro.news/market-snapshots/google-wave-analysis-22-october-2019-20191022/

What happens on Brexit vote and possible GBP reaction

There are now four possible outcomes stemming from tonight’s votes, the Telegraph’s Political Editor Gordon Rayner explains and our assessment of the possible scenario for the GBP.

https://fxpro.news/daily-forex-outlook/preview-what-happens-on-brexit-vote-and-possible-gbp-reaction-20191022/

FX: The dollar developed its rebound from the 3-month DXY lows to 97.2. EURUSD and GBPUSD are down for the third day, retreating from many-month highs, almost balancing the buy and sell positions of FxPro clients. TRY is the leader in growth against USD on monetary policy tightening by the Bank of Turkey.

Stocks: S&P500 futures fell Tuesday evening on the frustration of Brexit's new delays. MSCI World is down 0.2% per day. The VIX volatility index rose from 14.1 to 14.7.

Commodities: Brent grew by 1% to $ 59.2 over last 24h. Gold during the same time added $ 5 to $1,493, gaining momentum amid stock market decline.

Crypto: Bitcoin has again returned to levels below 8000. The top 10 altcoins vary from -5% (BCH) to -2% (EOS).

Dollar finds support as markets turn to correction

The UK House of Commons gives preliminary approval of the Brexit bill but refused to pass it within three days. Now, the further passage of the law has stalled until the EU replies with its extension how long the new postponement will last.

Brexit has returned to its normal state: the exit date postponed again, and all scenarios are still possible, although the chances of an exit without a deal are now negligible.

Against this background, the dollar once again strengthens its position. The dollar index against a basket of 6 major currencies turned up this week after touching the 200-day average. EURUSD has been declining for the third day in a row, stumbling upon resistance around 1.1170 and never reaching its 200-day average.

https://fxpro.news/daily-forex-outlook/dollar-finds-support-as-markets-turn-to-correction-20191023/