ASEAN Fundamental Outlook Most ASEAN currencies weakened as US Dollar narrowly edged higher, especially IDR Indonesian Rupiah may not weaken if its associated central bank doesn’t see a hike soon MYR, SGD and PHP may weaken as USD gains on more dismal European economic news Trade all the major global economic data live and interactive

NZD/USD is solidly bid for the fifth day straight and is currently trading at a 12-day high.  The American dollar is on the defensive, courtesy of the rising odds of the US-China breakthrough trade deal and due to rising evidence of the US economic slowdown.  NZD/USD is currently trading at 0.6687, the highest level since

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

Australian Dollar Forecast –May Head Lower If RBA Jawboning Starts Anew The Australian Dollar has just come through a rather more peaceful week than the preceding one but could fall once more if the RBA continues to highlight the benefits of a weaker currency. Oil Forecast – Price Tied to Non-OPEC Supply Concerns, Lower Demand

Gold Talking Points Gold quickly approaches the 2019-high ($1326) as fresh data prints coming out of the U.S. economy dampen bets for a Federal Reserve rate-hike, and the Federal Open Market Committee (FOMC) Minutes may continue to shake up the near-term outlook for bullion as a bull-flag formation appears to be panning out. Fundamental Forecast

The question reveals whether or not you have an edge The best thing you can read right now is a report from Bluemountain Investment Research titled: Who is on the other side? They sumarize it like this: If you buy or sell a security and expect an excess return, you should have a good answer

Delinquent debt tops $166 billion Bloomberg today writes about the record $166.4 billion in US student debt that is more than 90 days behind in payments or in default. This is a terrifying number for the long-term health of the US economy. US student debt can’t be cast aside in personal bankruptcy. The debt is

US DOLLARFUNDAMENTAL FORECAST: NEUTRAL US Dollar unable to hold up after touching six-week high Fundamental driver inconsistency leaves outlook clouded Risk trend conviction needed, January FOMC minutes due Gain confidence in your US Dollar trading strategy with our free guide! The US Dollar attempted to extend higher last week, touching a six-week high against an

Crude OilTalking Points: Three top oil forecasting agencies have highlighted non-OPEC supply as a downward pressure Despite an OPEC cut, supply should remain considerable despite US sanctions on Iran and Venezuela Supply glut comes as crude demand questioned Crude Oil Price Outlook – Fundamental Forecast: Bearish West Texas Intermediate (WTI) crude oil posted solid gains

Forex news for NY trading on February 15, 2019 In other markets: Spot gold is up $8.88 or 0.68% at $1321.46 WTI crude oil futures are up $1.34 or 2.46% at $55.75 In the US debt market today, yields rebounded in the shorter end of the yield curve. Out the curve the gains were less.  

Trade optimism helps Wall Street close the week on a positive note. Financials and energy lead the rally on Friday. Major equity indexes in the U.S. started the day in the positive territory and extended their gains on renewed optimism surrounding the U.S.-China trade conflict. Reflecting the strong appetite for risk, the CBOE Volatility Index,

Closing changes for the main US equity markets: S&P 500 up 30 points to 2775 (finished at high of the day). Up 1.1% DJIA up 1.75% Nasdaq up 0.6% That’s 8 weeks in a row of gains for the Dow and Nasdaq, which is the most since November 2017. The S&P 500 has risen 3

DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).  DXY 4-hour chart DXY is trading above its main SMAs suggesting bullish momentum in the medium-term.  DXY 30-minute chart DXY is trading below its main SMAs suggesting a bearish bias in the short-term. Bears

The Mexican peso was among the worst performers over the week, but USD/MXN held below the 19.45/50 strong support area.  Volatility increase over the last few days, after breaking the strong resistance at 19.20, now support.  Over the next days, a consolidation between 19.20 and 19.45 seems likely. So far there are no strong signals

Oil daily chart Crude oil WTI is trading in a bear trend below its 200-day simple moving average. WTI broke to a new 2019 high this Friday. Oil 4-hour chart Crude oil is trading between the 100 and 200 SMA suggesting a sideways market in the medium-term.  Oil 30-minute chart WTI is trading above its

Comments from the Fed’s Daly in the WSJ: San Francisco Fed President Mary Daly told the WSJ that she isn’t ready to make a formal call on interest rates but is certainly leaning towards the sidelines. “If the economy evolves as I just said I expect it to-2% growth, 1.9% inflation, no sense that [price

The last Schwab Market Perspective report, points out that the sharp rebound in US equity prices since the Christmas Eve low has been a welcome development for the bulls, but they warn “the pendulum may have swung a bit too far”.  Key Quotes:  “Equity investors have been cheering the sharp rebound seen since the end

Analysts at Danske Bank expect next week data to show a decline in the Eurozone PMI on the back of weak new orders and political risk. They will be looking to German Ifo figures for signs of a rebound. Key Quotes:  “In the euro area, we have a busy week ahead of us. On Thursday,

Cable extends gains late on Friday, still down for the week.  China-US talks, Brexit, FOMC minutes and UK jobs numbers to be key drivers next week.  The US dollar pulled back further during Friday’s American session, pushing GBP/USD to the 1.2900 area. Cable hit a 2-day high at 1.2895 and it was about to end