Australia is expected to report a slowdown in economic growth in Q3. The Australian Dollar continues riding on hopes for improved global trade. Australia publishes its Gross Domestic Product for the third quarter of 2018 on Wednesday, December 5th, at 00:30 GMT. The Australian economy enjoyed a robust growth rate of 0.9% QoQ and 3.4% … “Australian GDP growth may slow, but AUD/USD remains bullish”
Category: Opinions
EUR/USD: Three reasons to prefer the downside – Barclays
EUR/USD is looking for a new direction in the all too familiar 1.13 handle. Where next? Here is their view, courtesy of eFXdata: Barclays Research discusses EUR/USD tactical outlook and flags a scope for a downside risk within the pair’s recent broad range. “A rebound in the USD will likely add downward pressure on EURUSD this … “EUR/USD: Three reasons to prefer the downside – Barclays”
AUD/USD: 3 things to watch in the RBA decision
The RBA is expected to leave its interest rate unchanged in its last decision for 2018. Several factors make the decision a significant one. The Reserve Bank of Australia announces its rate decision on Tuesday, December 4th, at 3:30 GMT. The RBA is broadly expected to leave the Cash Rate unchanged at 1.75%, the rate … “AUD/USD: 3 things to watch in the RBA decision”
Bitcoin receives some good news, but can it recover for real?
BTC/USD attempted a recovery after losing $4,000, but never went too far. Two celebrities are investigated about ICO’s while institutional trading is picking up. Technically, Bitcoin is touching oversold territory, leaving a question mark over the next move. Bitcoin and other cryptocurrencies suffered another massive downfall over the weekend, on November 24th. BTC/USD crashed below … “Bitcoin receives some good news, but can it recover for real?”
5 reasons to fade the downfall of the dollar on Powell’s speech
The US Dollar fell after Powell’s speech that was perceived as dovish. However, there are five reasons to see the greenback outperform its peers. Markets jumped on the words “just below neutral” that Powell used to refer to interest rates. Stocks soared, and the US Dollar tumbled down. While a December hike 1) What Trump said … “5 reasons to fade the downfall of the dollar on Powell’s speech”
3 reasons to sell Bitcoin after the fresh rise
BTC/USD is trading close to $4,200, up some 10% on the day and some 20% off the lows. There are three reasons to be skeptical about this recovery. Bitcoin and other cryptocurrencies are staging a recovery. At current prices, the advance from the trough of $3,456 may even be labeled as a “bull market” thanks to the rise … “3 reasons to sell Bitcoin after the fresh rise”
EUR/USD: S/T Bearish Targets At 1.1215 Ahead Of 1.1115 – ING
EUR/USD is on the back foot once again, struggling with a stronger US Dollar. What’s next? Here is their view, courtesy of eFXdata: ING discusses EUR/USD technical outlook and maintains a bearish bias on a multi-day basis. We do not see the upside potential within this consolidation in the longer-term downtrend. Prices will meet plenty of … “EUR/USD: S/T Bearish Targets At 1.1215 Ahead Of 1.1115 – ING”
3 scenarios for the Trump-Xi Summit on trade
Presidents Trump and Xi meet in Buenos Aires to talk trade. Recent signs have not been promising and lower expectations. There are three scenarios for the event and currencies. US President Donald Trump meets his Chinese counterpart Xi Jinping on the sidelines of the G-20 Summit on November 30th. Trade tops the agenda. Here are … “3 scenarios for the Trump-Xi Summit on trade”
Bitcoin pattern implies a loss of $3,000 on November 29th
Bitcoin is sliding once again after a failed attempt to recapture $4,000. Looking at the recent behavior BTC/USD, the next fall will be on Thursday, November 29th. Bitcoin made a recovery attempt following the news that the US state of Ohio will accept the digital currency in 23 different types of business taxes. This is a considerable mainstream … “Bitcoin pattern implies a loss of $3,000 on November 29th”
The EU Summit approves Brexit, but the pound has three reasons to suffer
The EU approved the Brexit deal at the special EU Summit. The agreement was priced in, but the hurdles to pass it in Parliament are harder. GBP/USD could remain under immense pressure. The special summit of the European Union on Brexit ended with an approval of the deal that sets the path for the divorce between the … “The EU Summit approves Brexit, but the pound has three reasons to suffer”