DailyFX - Feeds all

DailyFX - Feeds all

USDCAD Rate Forecast: Post Bank of Canada (BoC) Breakout Eyes 2018-High

Posted: 25 Apr 2019 09:00 AM PDT

Recent price action in USD/CAD brings the 2018-high (1.3665) on the radar as the exchange rate breaks out of a near-term range following the Bank of Canada (BoC) meeting.

Top 5 Events: Q1’19 US GDP & EURUSD Price Forecast

Posted: 25 Apr 2019 07:30 AM PDT

The initial Q1’19 US GDP report is due on Friday, April 26 at 12:30 GMT.

USD Gains Awakens Currency Volatility, EUR and GBP Pressured - US Market Open

Posted: 25 Apr 2019 06:00 AM PDT

Gains in the greenback show little signs of letting up, which in turn has also seen currency implied volatility pick up.

Gold Price Challenges Resistance at Prior Support as USD Bulls Charge

Posted: 25 Apr 2019 06:00 AM PDT

Gold prices broke-out earlier this week, and then yesterday the US Dollar followed. But Gold prices have remained strong with USD, highlighting risk-aversion potential.

Brexit Latest: PM May Survives; GBPUSD Hits a 10-Week Low

Posted: 25 Apr 2019 04:10 AM PDT

UK PM Theresa May soldiers on as a move to challenge her leadership is quashed. Sterling however is looking weak against a soaring US dollar as GBPUSD support levels fold.

Will the US Dollar Breakout Last? A Glance at EURUSD, GBPUSD & USDJPY Charts

Posted: 25 Apr 2019 03:58 AM PDT

Yesterday the DXY broke out decisively; the Euro and Sterling are trading weak, Yen not so much but still looks poised to go lower.

UK Retail Actvity Picks Up Strongly, Points to Economic Recovery

Posted: 25 Apr 2019 03:40 AM PDT

The Confederation of British Industry’s latest distributive trades survey implies that April saw the first rise in UK retail sales for five months, suggesting consumer spending is increasing.

Currency Volatility: Euro Volatility Reignited, Deeper Losses on the Horizon

Posted: 25 Apr 2019 03:00 AM PDT

Investors seek downside protection for EURUSD suggesting further losses in store with a 1.10 handle on the horizon.

Gold Price Outlook: Stabilizing After Hitting 2019 Low

Posted: 25 Apr 2019 02:00 AM PDT

The price of gold has steadied after hitting its lowest level since late last December and could rally further if signs continue to emerge of a global economic slowdown.

Euro Catapults Higher vs SEK After Dovish Riksbank

Posted: 25 Apr 2019 02:00 AM PDT

Riksbank provide dovish message as inflation prospects remain subdued, EURSEK on course for largest daily gain in over 2years.

EURUSD Price Breaks Down as US Dollar Rides Roughshod

Posted: 25 Apr 2019 01:35 AM PDT

EURUSD hits a 22-month low Wednesday and continues to probe the downside on a toxic combination of tepid Euro-Zone growth and a rampant US dollar

FTSE Breaking Trend-line, Pulling the Rug; Chart Setting Up for More Losses

Posted: 25 Apr 2019 01:05 AM PDT

The FTSE broke above resistance on Tuesday but is now on the verge of losing the breakout with room to go on the downside; watch the close.

Yen Up Before Golden Week, May Extend Rise on Risk Trends

Posted: 24 Apr 2019 11:33 PM PDT

The Japanese Yen rose ahead of the Golden Week holiday in Japan. Souring risk appetite amid deepening global growth concerns may see further headway made.

Swedish Krona Forecast: Riksbank Rate Decision Ahead

Posted: 24 Apr 2019 11:30 PM PDT

Swedish Krona traders are biting their nails as the Riksbank prepares to announce its rate decision and outlook on policy.

KOSPI Falls, South Korea GDP Contracts. Euro Stoxx 50 Uptrend at Risk

Posted: 24 Apr 2019 10:00 PM PDT

Equities traded mixed in Asia with the KOSPI weighed down after South Korean GDP unexpectedly contracted. Before Amazon earnings, the Euro Stoxx 50 uptrend is facing indecision.

Japanese Yen Takes BoJ Growth Call Cut In Stride, Policy Settings Held

Posted: 24 Apr 2019 08:49 PM PDT

The Japanese Yen was steady as the BoJ left its monetary settings alone and cut forecasts for both growth and inflation yet again.

Gold, Crude Oil Prices at the Mercy of Corporate Earnings Flow

Posted: 24 Apr 2019 08:30 PM PDT

Gold and crude oil price action is likely to reflect the response of broad-based market sentiment trends to an incoming flood of first-quarter corporate earnings reports.

Watch Nasdaq Versus Dow On US Open, Dollar Earns Its Break

Posted: 24 Apr 2019 07:45 PM PDT

Earnings were in peak form this past session between trade and growth-oriented bulwarks like Boeing and speculative favorites such as Facebook. With risk trends in focus ahead, will the Dollar draw from this common source as well?

Nikkei 225 Chart Hints Uptrend May Be Tiring, BOJ Rate Call Eyed

Posted: 24 Apr 2019 07:00 PM PDT

The Nikkei 225 continues to perform impressively but may need to negotiate a packed Japanese holiday period before striking out toward key resistance

Will BOJ Monetary Policy be Pressured by US-Japan Trade Talks?

Posted: 24 Apr 2019 05:30 PM PDT

BOJ monetary policy may be put under pressure from the upcoming US-Japan trade talks where the topic of currency manipulation may be a key sticking point in the negotiations.

USD/JPY Uptrend at Key Resistance Before BoJ, CAD Trims Drop on BoC

Posted: 24 Apr 2019 04:00 PM PDT

The US Dollar and Japanese Yen rose as the Canadian Dollar trimmed losses despite the BoC dropping its rate hike bias. USD/JPY sits under key resistance in its uptrend before the BoJ.

Gold Price Outlook Mired by Head-and-Shoulders Formation

Posted: 24 Apr 2019 03:00 PM PDT

The price for gold bounces back from a fresh yearly-low ($1266), but there appears to be a broader shift in market behavior as a head-and-shoulders formation unfolds.

Stock Market Update: Earnings on Tap for BA, INTC and AMZN

Posted: 24 Apr 2019 01:30 PM PDT

US indices traded lower on Wednesday after a series of mixed earnings from key firms. On Thursday, Amazon and Intel will offer their own quarterly reports.

Currency Volatility: Japanese Yen Eyes Upcoming BOJ Rate Decision

Posted: 24 Apr 2019 12:14 PM PDT

With the Bank of Japan interest rate decision slated for Thursday's session, forex traders could experience increased price action in JPY currency crosses.

EURUSD Forecast: Relative Strength Index (RSI) Offers Bearish Signal

Posted: 24 Apr 2019 10:30 AM PDT

The break of the March-low (1.1176) brings the downside targets on the radar for EUR/USD as the bearish momentum appears to be gathering pace.
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