DailyFX - Feeds all

DailyFX - Feeds all

EURUSD Holds Support Ahead of ECB; USDCAD Rallies to Two-Month-Highs

Posted: 06 Mar 2019 08:37 AM PST

Two major rate decisions populate the economic calendar for the middle of this week, and the BoC has already spoken to markets: The ECB is on deck for tomorrow.

Trading the London Session: Guide for Forex Traders

Posted: 06 Mar 2019 08:34 AM PST

The London session is one of the most liquid forex trading sessions. Learn how to trade it.

USDCAD Soars After Bank of Canada Strikes Dovish Tone

Posted: 06 Mar 2019 07:10 AM PST

The Bank of Canada stood firm on interest rates as expected, but USDCAD traded higher in response to a seemingly dovish shift in language from the central bank.

AUDUSD Falls on Soft GDP, USDCAD at 2-Month Highs - US Market Open

Posted: 06 Mar 2019 05:40 AM PST

The Aussie had been delivered a fresh blow after the Q4 GDP missed analyst estimates. USDCAD edges to 1.34 ahead of BoC. USDTRY rises post CBRT decision.

Hawkish Bank of Canada (BoC) Forward-Guidance to Rattle USD/CAD Rally

Posted: 06 Mar 2019 05:30 AM PST

The Bank of Canada (BoC) meeting may rattle the recent strength in USD/CAD if the central bank continues to endorse a hawkish forward-guidance for monetary policy.

Technical Analysis for US & UK Crude Oil, Gold Price, Dow Jones & More

Posted: 06 Mar 2019 04:00 AM PST

Crude oil is triangulating, gold is heavy, U.S. indices are at a decision point with the Dow having conflicting technicals.

CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY

Posted: 06 Mar 2019 04:00 AM PST

USDCAD prints 2-month highs , EURCAD upside showing sings of stalling, while CADJPY bearish turn persists.

OECD Cuts Global Economic Growth Forecasts Again

Posted: 06 Mar 2019 03:30 AM PST

The Paris-based OECD inter-governmental think tank argues that the global economy is slowing and will likely be weaker in nearly all G20 countries than previously expected.

Gold Price Sell-Off Slows Ahead of US Data Releases

Posted: 06 Mar 2019 03:00 AM PST

Gold has dropped around $60/oz. in the past two weeks as the US dollar, and a risk-on theme pushed the precious metal to six-week low. The US dollar remains strong, but Gold may be oversold.

Downward Pressure on AUD May Persist After Disappointing GDP Data

Posted: 06 Mar 2019 02:00 AM PST

From both technical and fundamental perspectives, the recent decline in AUDUSD looks set to continue as chances rise of an Australian interest-rate cut.

Sterling (GBP) Price, Brexit News and Pivot Points Analysis

Posted: 06 Mar 2019 01:37 AM PST

The British Pound remains rangebound as Brexit talks continue but Sterling’s implied volatility highlights price risks for the week ahead.

DAX 30 & CAC 40 Charts – Big-picture Price Pattern Remains Threat to Rally

Posted: 06 Mar 2019 01:05 AM PST

The short-term outlook from a risk/reward perspective isn't very appealing on either side of the tape for the DAX and CAC, today we'll look at a couple of signposts to watch.

Yen and US Dollar May Rise Further on OECD Outlook, BOC Rate Call

Posted: 05 Mar 2019 11:30 PM PST

The Japanese Yen and US Dollar may continue to rise as an OECD forecast update and BOC policy decision stoke global slowdown fears and sour market sentiment.

Crude Oil Prices May Fall as OECD, BOC Feed Global Slowdown Fears

Posted: 05 Mar 2019 11:30 PM PST

Crude oil prices may fall as an OECD economic outlook update and a Bank of Canada policy announcement stoke concerns about global economic slowdown.

Asian Stocks Mixed, Traders On Watch For US/China Trade Headlines

Posted: 05 Mar 2019 09:49 PM PST

Many Asian stocks managed gains Wednesday with trade optimism still trumping gloomy local economic data out of Australia and China.

US Dollar Launches Bold Push Against SGD, MYR, IDR and PHP Prices

Posted: 05 Mar 2019 08:30 PM PST

The US Dollar launched an aggressive push against various ASEAN currencies. USD/SGD cleared well-defined resistance, reversal patterns in USD/MYR and USD/IDR closer to confirmation.

Japanese Yen Technical Analysis: USDJPY Bulls Must Top 112.00

Posted: 05 Mar 2019 07:00 PM PST

The Japanese Yen has been struggling against the US Dollar for much of 2019, and will probably continue to do so. The bulls’ next hurdle is proving troublesome, however.

AUD/USD Plummets After Australian GDP Falls Short of Forecasts

Posted: 05 Mar 2019 04:31 PM PST

AUD/USD plunged after Australian GDP data undershot estimates. This may add fuel to RBA rate cut bets, perhaps causing Governor Philip Lowe to tilt to a more dovish outlook.

USD Extends Rally, AUD/USD May Rise on GDP as Asia Stocks Wobble

Posted: 05 Mar 2019 04:00 PM PST

The US Dollar extended gains on upbeat ISM non-manufacturing data. AUD/USD may rise on a better 4Q GDP report. Market mood during Asia’s trading session could be pessimistic.

Can Australian GDP Break AUD/JPY Congestion?

Posted: 05 Mar 2019 04:00 PM PST

AUD/JPY has been range bound since January, but upcoming Australian GDP data could help break the congestion.

S&P 500 and Risk Keep Fragile Hold as Growth Updates Come In

Posted: 05 Mar 2019 03:04 PM PST

Trade wars may be easing, but fears over growth are rising. Risk trends are tuned into the cross winds with the S&P 500 dangling after its technical breach. Ahead, we have OECD growth forecasts and the BOC decision.

AUD/USD Rate Vulnerable to Slowing Australia GDP

Posted: 05 Mar 2019 03:00 PM PST

Australia’s Gross Domestic Product (GDP) report may produce a bearish reaction in AUD/USD as the growth rate is expected to slow to 2.6% from 2.8% in 3Q 2018.

USDCAD 1-Week Implied Volatility at Highest Level Since January

Posted: 05 Mar 2019 12:49 PM PST

Canadian Dollar forex traders are expecting heightened price volatility ahead of the Bank of Canada's upcoming interest rate decision.

EUR/USD Rate Forecast: Bearish Series Brings 2019 & 2018 Low on Radar

Posted: 05 Mar 2019 12:30 PM PST

EUR/USD may continue to consolidate ahead of the ECB meeting, with the 2018 & 2019 low on the radar as the exchange rate carves a string of lower highs & lows.

FX Price Action Setups in EURUSD, USDJPY and USDCAD

Posted: 05 Mar 2019 12:00 PM PST

EURUSD is testing range support as US Dollar bulls have come screaming back after last Thursday's GDP report and this morning's ISM numbers.
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