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DailyFX - Feeds all


Is FOMC Scared of a Stronger DXY? Apparently So, As They Should

Posted: 23 Mar 2019 09:00 AM PDT

Unfortunately, the Federal Reserve does not speak in a vacuum. Despite their desire for a weaker US Dollar, the rest of the world seems to see US assets (and thereby) the US Dollar as a likely haven from global weakness, which could potentially frustrate the Fed’s plans.

Post-FOMC U.S. Dollar Recovery to Face Slowing GDP Report

Posted: 23 Mar 2019 09:00 AM PDT

Developments coming out of the U.S. may continue to drag on the dollar as ‘data arriving since September suggest that growth is slowing somewhat more than expected.’

British Pound Volatility Continues and a Break Is Inevitable…

Posted: 23 Mar 2019 03:00 AM PDT

The Pound exhibited extraordinary volatility these past weeks as the markets chewed over Brexit uncertainties. As uncertainty prevails, a breakout will be tough to secure; but exceptional volatility will eventually lead to a break.

GBP Fundamental Forecast: And The Brexit Band Played On

Posted: 23 Mar 2019 03:00 AM PDT

Another week consisting of point, counterpoint, noise and rumors ends up with no-one any the wiser as to how and when Brexit will end. And yet Sterling continues to battle to keep its head above water.

Crude Oil Weekly Forecast: Rising Global Growth Concerns Sink Oil Prices

Posted: 22 Mar 2019 10:00 PM PDT

As more of the US Treasury yield curve sinks into inversion territory, concerns about global growth have flared – dragging down energy prices in the process.

Crude Oil Price Forecast: Evening Star Prints as $60 Breakout Fails

Posted: 22 Mar 2019 09:00 PM PDT

The bullish 2019 trend in Oil prices finally found some resistance this week at the $60-handle, at which point a bearish formation printed. But will buyers completely step back ahead of the Q2 open?

Top 5 FX Events: January Canadian GDP & USDCAD Price Outlook

Posted: 22 Mar 2019 08:35 PM PDT

With Crude Oil prices rising by 18.5% in January, there was likely a positive impact on Canadian growth.

Top 5 FX Events: Third Brexit Vote & GBPJPY Price Outlook

Posted: 22 Mar 2019 07:30 PM PDT

The Brexit extension from March 29 to April 12 is contingent upon the UK parliament passing Prime Minister Theresa May’s Withdrawal Agreement.

S&P 500’s Slide Alongside GDP Fears and Political Risks Bring Weekend Anxiety

Posted: 22 Mar 2019 06:09 PM PDT

This past week ended with an unmistakable stumble in all things risk sensitive. With palpable concerns of recession, flailing monetary policy efforts and renewed political risk; the first 48 hours next week will prove crucial.

Top 5 FX Events: March German CPI & EUR/JPY Price Outlook

Posted: 22 Mar 2019 04:20 PM PDT

Inflation rates in the Eurozone’s largest economy appear to have stabilized in the near-term.

Top 5 FX Events: Final Q4’18 US GDP & USDJPY Price Outlook

Posted: 22 Mar 2019 03:10 PM PDT

Consensus forecasts call for Q4’18 US GDP to come in at 2.4% annualized.

Aussie Weekly Technical Outlook: AUD/USD Rebound Stalls Post-Fed

Posted: 22 Mar 2019 03:00 PM PDT

Aussie is poised to post a weekly doji just above yearly open support. These are the key targets and invalidations levels that matter on the AUD/USD weekly chart

Australian Dollar Likely Loser In Ugly Contest With US Cousin

Posted: 22 Mar 2019 03:00 PM PDT

The Australian Dollar gained when the US Fed struck a dovish tone last week. But markets soon realized that what applies to the Fed probably goes double for the RBA.

Top 5 FX Events: March RBNZ Meeting & NZDUSD Price Outlook

Posted: 22 Mar 2019 02:30 PM PDT

Rates markets are currently pricing in a 0% chance of a rate move by the RBNZ this coming week.

Currency Volatility: Forex Price Action Setups for Next Week

Posted: 22 Mar 2019 01:30 PM PDT

Forex option traders have begun to price in higher anticipated volatility for GBPUSD, EURUSD, JPYUSD and USDCAD currency pairs headed into next week.

Brexit No-Deal Is Increasingly Likely After Another Rejection Hits GBP

Posted: 22 Mar 2019 01:03 PM PDT

Parliament’s vote next week will determine whether a no-deal Brexit will be more likely and the effects it will have on GBPUSD.

Forex Setups for the Week of March 25, 2019

Posted: 22 Mar 2019 11:04 AM PDT

It was a climactic week across global markets and the final week of Q1 awaits. Will risk aversion continue after a generally upbeat start to 2019?

Stock Market Fund Flows Suggest S&P 500 Sentiment Remains Bullish

Posted: 22 Mar 2019 11:00 AM PDT

The S&P 500 looks to end Friday’s session in a range that previously offered considerable resistance in a week where the SPY, IVV and VOO ETFs recorded $6.4 billion in inflows.

Shift in USD/JPY Sentiment Persists Despite Bets for Fed Rate-Cut

Posted: 22 Mar 2019 10:30 AM PDT

The IG Client Sentiment report shows 52.4% of traders are now net-long USD/JPY even though the exchange rate slips to a fresh monthly-low (109.74).

Kiwi Weekly Price Outlook: NZD/USD Rebuffed at 2019 Range Resistance

Posted: 22 Mar 2019 09:00 AM PDT

Kiwi failed at key resistance this week and keeps the focus on a break of the yearly opening-range. Here are the levels that matter on the NZD/USD weekly chart.

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