DailyFX - Feeds all

DailyFX - Feeds all


USDCAD Price Reversal Triggered by Canadian GDP, US Inflation Data

Posted: 29 Mar 2019 06:26 AM PDT

USDCAD’s daily move is already its largest down day since February 22.

Q2 Themes: USD Triangle, EURUSD Range, Risk Aversion in Stocks, Yen

Posted: 29 Mar 2019 06:02 AM PDT

This is the final day of Q1 trade and it's been an eventful quarter across the landscape. But will Q2 bring a return of Q4's risk aversion, or will the Q1 risk-on mode hold into mid-year?

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

Posted: 29 Mar 2019 05:00 AM PDT

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

Brexit Rumours, Palladium Bubble, EURUSD Outlook - US Market Open

Posted: 29 Mar 2019 04:41 AM PDT

Sterling jumped sharply mid-morning as rumours swirled that PM May’s latest attempt at getting her bill through Parliament was gaining traction. Sterling jumped but price action is volatile.

EUR/USD Rate Vulnerable to Further Losses on Sticky U.S. Core PCE

Posted: 29 Mar 2019 04:00 AM PDT

Updates to the US Core Personal Consumption Expenditure (PCE) may keep EUR/USD under pressure as the gauge for inflation is anticipated to hold steady at 1.9% in January.

Palladium Price: More Losses Likely as ’Bubble’ Bursts

Posted: 29 Mar 2019 03:30 AM PDT

A spectacular increase in the price of palladium has come to an equally dramatic end, with the price crashing this week and further weakness on the cards.

GBPUSD Price Struggles Above 1.3000 Ahead of Another Brexit Vote

Posted: 29 Mar 2019 03:20 AM PDT

On the day that the UK was originally meant to leave the EU, Prime Minister Theresa May is taking part of her withdrawal agreement back to Parliament later today for yet another vote.

Big-picture Technical Analysis for Dow Jones, Gold Price, Crude Oil & Dollar

Posted: 29 Mar 2019 02:00 AM PDT

Looking at the 'macro-techs' there are some interesting developments in major markets to watch in the weeks ahead...

EURUSD Likely to Move Lower but Oversold Signal Flashing

Posted: 29 Mar 2019 01:43 AM PDT

Yen and US Dollar May Resume Offensive on Brexit, Soft Data Flow

Posted: 29 Mar 2019 12:30 AM PDT

The anti-risk Japanese Yen and US Dollar may return to the offensive if another inconclusive Brexit vote and soft economic activity data stamp out nascent recovery in risk appetite.

Shanghai Composite Leads Asia Stocks Higher, CAD May Rise on GDP

Posted: 28 Mar 2019 11:00 PM PDT

The Shanghai Composite lead Asia stocks higher as US Treasury Secretary Steven Mnuchin warmed markets up for the next stage of US-China trade talks. Ahead, Canadian Dollar may rise on GDP data.

Commodity Prices Eye Brexit Vote, US-China Trade Talks, Lyft IPO

Posted: 28 Mar 2019 10:00 PM PDT

Crude oil and gold prices are looking to yet another Brexit vote, ongoing US-China trade talks and an IPO from Lyft to shape market-wide sentiment trends.

Japanese Yen Could Gain As Focus Grows On Creaking Inflation Target

Posted: 28 Mar 2019 08:30 PM PDT

The Japanese Yen market faces a clear disconnect between domestic economic data and monetary policy. What if that were to change?

NZD/USD Technical Analysis: Four-Month Uptrend Under Fire

Posted: 28 Mar 2019 07:00 PM PDT

The New Zealand Dollar is on the cusp of overturning a four-month uptrend against its US counterpart after a dramatic drop from what now looks like a Triple Top.

S&P 500 or GBPUSD, Which is More Likely to Break First?

Posted: 28 Mar 2019 06:43 PM PDT

The S&P 500 is on pace to close its best quarter in a decade even though systemic risks are on the rise. Meanwhile, whether you trade Dollar, Euro or Pound; you should keep a close eye on Friday’s Brexit vote.

Japanese Yen Slips On Mixed Data Bag, Pricing Power Still Absent

Posted: 28 Mar 2019 05:20 PM PDT

The Japanese Yen had to contend with a patchy slew of domestic data which showed employment still perky but inflation firmly in the doldrums

Soft US GDP Still Drove Demand for USD, S&P 500. Gold Prices Fell

Posted: 28 Mar 2019 04:00 PM PDT

Gold prices dived despite soft GDP data as US Dollar and bond yields rose alongside the S&P 500. Asia Pacific equities may consolidate ahead of key economic data later today.

Forex Volatility Expected in British Pound and Canadian Dollar

Posted: 28 Mar 2019 03:00 PM PDT

GBPUSD overnight implied volatility pushes extremes amid the latest Brexit uncertainty while USDCAD forex option traders also anticipate heightened price action ahead of Canadian GDP.

USDMXN Slumps After Banxico Announces Unchanged Overnight Rate

Posted: 28 Mar 2019 01:40 PM PDT

The central bank of Mexico decided to keep the overnight rate as is which may have been based on waning inflation in the Mexican economy.

USDJPY: Price Trend May Soon Reverse

Posted: 28 Mar 2019 01:30 PM PDT

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.

Gold: 76.9% of Traders Are Net-Long

Posted: 28 Mar 2019 01:30 PM PDT

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.

S&P 500 Outlook: Index Set to Post Best Quarterly Return in Nearly 10 Years

Posted: 28 Mar 2019 01:30 PM PDT

The S&P 500 will look to deliver its best quarterly performance in nearly a decade on Friday, returning roughly 12% as quarter-end window dressing may present an interesting opportunity in USDJPY.

Q2 Price Action Themes in US Dollar, Euro, Gold and Oil

Posted: 28 Mar 2019 12:00 PM PDT

It’s been a busy month in the US Dollar, but the ascending triangle formation that’s been building for the past few months remains as the door opens into Q2 trade.

Canadian Dollar Price Outlook: USD/CAD- Break or Bend, Monthly Highs

Posted: 28 Mar 2019 10:30 AM PDT

Loonie is virtually unchanged on the week with price posting well-defined opening-range just below resistance. Here are the levels that matter on the USD/CAD charts.

Crude Oil Prices Plunge After Trump Tweet Bashes OPEC Supply Cuts

Posted: 28 Mar 2019 10:00 AM PDT

President Trump took his latest jab at OPEC and the oil cartel's supply cuts which sent crude plunging nearly 1 percent as the US President stated the importance of OPEC increasing the flow of oil.

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