The British Pound soared as “no-deal” Brexit bets cooled, but the GBP/USD dominant downtrend held on chart resistance. Disputes over the Trump-China phone call boosted the Japanese Yen.
The Australian Dollar outlook is grim on rising fears of a US recession, yield curve inversion. AUD/USD may shrug off rosy jobs data ahead on fears of slowing global growth.
The Japanese Yen inched closer to 2016 levels as US-China trade tensions and a collapse in the Argentine Peso soured sentiment. APAC shares may decline, further weakening AUD/USD.
The USD/CAD eyes resistance breakout as uncertainties over global growth amidst trade wars undermine crude oil prices. Sentiment warns of a bearish NZD/USD bias ahead of the RBNZ.
The US Dollar may rise versus the Philippine Peso after CPI data as US-China trade war tensions may fuel more-aggressive easing from the BSP. USD/PHP took out key falling resistance.
The AUD/USD, AUD/JPY may reach 2009 lows as US President Donald Trump gave the green light for more tariffs against China. Retaliation may sink the Australian Dollar as the Yen gains.
The Fed cut rates for the first time in over a decade by 25bp to 2.00-2.25% seeming to keep options for more on the table
The Nikkei 225 dropped alongside Nintendo shares. The ASX 200 may be topping on bearish technical signals. Declines in equities may be ahead after Asia Pacific stocks mostly sunk.
USD/MXN soared as the US and Mexico failed to reach a trade deal, opening the door for tariffs and escalating a trade war. The anti-risk Japanese Yen is poised to gain as stocks sink.
The Swedish Krona and Norwegian Krone will be on their toes as US-China trade relations sour and European growth indicators may continue to show regional weakness.
The S&P 500 left behind a reversal warning amidst rising EU-US trade war concerns and the IMF downgrading the 2019 outlook. Equities are bracing in Asia as the Yen may extend gains.
The US Dollar rose, capitalizing on Euro weakness and weighing against gold prices before the S&P 500 tumbled. AUD/USD may rise as the RBA disappoints
The British Pound soared in early Tuesday trade on reports UK Prime Minister Theresa May is considering delaying Brexit. AUD/USDs ascent paused on resistance as
The Swedish Krona may fall on January 28 as Sweden prepares to release its Trade Balance. Slower growth in the European region may continue to
EUR/USD may extend declines after support broke in the aftermath of the ECB. GBP spikes on the Brexit latest. Asia Pacific stocks may fall as