DailyFX - Feeds all

DailyFX - Feeds all

Gold Price Outlook: Gold Breaks to Fresh 2019 Low - More in Store?

Posted: 16 Apr 2019 07:00 AM PDT

Gold prices have broken-down this morning, setting a fresh 2019 low in the process. But the USD is also struggling - is this a breakout with legs, or due for a bounce?

Brexit Latest: GBPUSD Drops Amid No Agreement Between Corbyn & PM May - US Market Open

Posted: 16 Apr 2019 06:00 AM PDT

ECB sources provide concerns over Euro-Area growth forecasts, Gold breaks below support. AUD slips as RBA talk rate cut scenarios. GBPUSD at lows.

Dow Jones Price Outlook: Fresh DJIA Highs Follow Support Bounce

Posted: 16 Apr 2019 06:00 AM PDT

Dow prices are trading at fresh six-month-highs as we are now in earnings season in the US, and the DJIA has put in a respectable bounce from a key area of chart support.

EURUSD Bullish Momentum in Question after ECB Policy Concerns Arise

Posted: 16 Apr 2019 05:52 AM PDT

With Brexit off the frontburner, at least temporarily, attention has shifted back to the tepid growth backdrop in Europe.

Trading Sentiment Turning Less Positive | Webinar

Posted: 16 Apr 2019 05:00 AM PDT

Sentiment in the financial markets remains constructive but prices are currently consolidating as traders consider whether to continue to increase their long positions in riskier assets.

Top 5 Events: Q1’19 New Zealand CPI & NZDUSD Price Forecast

Posted: 16 Apr 2019 04:45 AM PDT

The Q1’19 New Zealand Consumer Price Index is due on Tuesday, April 16 at 22:45 GMT.

Technical Outlook for EURUSD, GBP-pairs, Gold Price & More

Posted: 16 Apr 2019 04:30 AM PDT

The Euro is on approach to resistance, a few GBP pairs are starting to look attractive, and gold is pressing on the floor of a descending wedge.

DAX 30 & CAC 40 Technical Outlook: Extending into Resistance

Posted: 16 Apr 2019 04:05 AM PDT

The DAX and CAC continue to be impressively strong but have resistance just on the horizon which could put a damper on a further rise in the near-term.

Currency Volatility: NZDUSD Volatility Highest in 2-months, CPI Report Key to RBNZ Outlook

Posted: 16 Apr 2019 03:00 AM PDT

NZDUSD volatility surges ahead of the NZ CPI report. RBNZ rate cut would be a material risk to NZDUSD upside if inflation drops below expectations.

EURUSD Price Breaks Below 1.1300 on ECB Growth Concerns Rumor

Posted: 16 Apr 2019 02:42 AM PDT

EURUSD slipped below 1.1300 after a newswire rumor pointed to concerns of some members of the ECB about the accuracy of their H2 growth rebound forecasts.

GBPUSD Price Outlook Poor Even as UK Inflation Fears Mount

Posted: 16 Apr 2019 02:00 AM PDT

Average weekly earnings in the UK continue to rise faster than inflation. However, the chances of a UK rate rise – and hence a stronger Pound – remain remote because of Brexit.

Gold Price Outlook: Technical Support Remains Under Pressure

Posted: 16 Apr 2019 01:00 AM PDT

Gold trades either side of an important technical support level and with little in the way of any other drivers, the next move may be to the downside.

Swedish Krona, Norwegian Krone Eye German Zew Survey, US Data

Posted: 15 Apr 2019 11:30 PM PDT

The economic docket in Sweden and Norway remains light, but critical data out of the US and Europe may jolt Nordic currencies. Swedish Krona traders are eyeing the upcoming Riksbank rate decision.

US Dollar May Rise on Growth Angst. S&P 500 Earnings to Fall?

Posted: 15 Apr 2019 11:30 PM PDT

The US Dollar may rise on haven demand amid worries about slowing global economic growth. Early results show earnings for S&P 500 companies are on pace to fall.

ASX 200 Technical Analysis: Support Solid Despite Lack of Progress

Posted: 15 Apr 2019 10:00 PM PDT

The ASX 200 remains stuck below its last significant peak but it’s still comfortable at altitude and the bulls still have cause to hope

S&P 500 Reversal Forming, Nikkei 225 Gains with Docomo Price Cuts

Posted: 15 Apr 2019 10:00 PM PDT

Equities traded little higher as the Nikkei 225 rose with NTT Docomo shares after smaller-than-expected price cuts. All the while, the S&P 500 is carving out a bearish technical pattern.

USDIDR Eyes Indonesian General Election, China GDP, US Earnings

Posted: 15 Apr 2019 08:30 PM PDT

USD/IDR eyes Indonesia’s General Election. Meanwhile, the Philippine Peso and Malaysian Ringgit may be torn between first quarter China GDP and the ongoing US earnings season.

USDNOK Testing Critical Support - USDSEK Stuck in Trading Range

Posted: 15 Apr 2019 08:30 PM PDT

USD/NOK is on the edge of breaking below a one-year upward-sloping support channel while USDSEK is looking to be stuck in last week’s range.

Australian Dollar Wilts On RBA Minutes, Jobless Data Could Be Key

Posted: 15 Apr 2019 06:53 PM PDT

The Australian Dollar faded on the release of minutes showing the RBA apparently in agreement with futures markets on a rate cut being more likely than a rise now

Crude Oil Prices May Fall Amid Fears of Slowing Global Growth

Posted: 15 Apr 2019 05:30 PM PDT

Crude oil prices may fall as a diverse array of economic releases stokes worries about a broad-based slowdown in global economic growth.

USDCAD Support Held on Negative BoC Business Outlook, AUD Eyes RBA

Posted: 15 Apr 2019 04:00 PM PDT

The Canadian Dollar fell as BoC business outlook resulted negative, fueling interest rate cut expectations as USD/CAD support held. Ahead, AUD/USD may fall to support on RBA minutes.

Crude Oil Price Under Threat on Potential End to OPEC Supply Cuts

Posted: 15 Apr 2019 02:30 PM PDT

West Texas Intermediate Crude oil touched $63.15 on Monday, the lowest level since April 5 as a Russian official questioned the adverse impact to their market share from OPEC+ orchestrated cuts.

Spot EURNZD Could Swing Tomorrow from ZEW and CPI Data

Posted: 15 Apr 2019 02:07 PM PDT

High-impact economic data out of the Eurozone and New Zealand tomorrow has potential to send EURNZD gyrating in an otherwise quiet market.

Gold Prices Approach April Low, Hold at Symmetrical Triangle Support

Posted: 15 Apr 2019 02:00 PM PDT

Recent changes in positioning suggest that, if a triangle breakout occurs, it would likely be to the downside.

US Stock Market Affected by This Week’s Corporate Earnings

Posted: 15 Apr 2019 01:41 PM PDT

Monday's corporate earnings result led to a drop in the S&P500 and Dow Jones.
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