DailyFX - Feeds all

DailyFX - Feeds all

Top 5 Events: March US Nonfarm Payrolls & EURUSD Price Outlook

Posted: 04 Apr 2019 07:04 AM PDT

Markets are expecting the weak February print of 20K to be a one-off; consensus calls for 170K.

GBP Technical Analysis: GBPUSD Drops From Confluent Resistance

Posted: 04 Apr 2019 06:40 AM PDT

It’s been a quiet start to Q2 for the British Pound, but if the post-Brexit backdrop has taught GBP traders anything, it’s that a lack of activity is unlikely to last for long.

Central Bank Intervention in the Foreign Exchange Market

Posted: 04 Apr 2019 06:00 AM PDT

Central banks perform currency interventions when protecting the local currency. Learn how these interventions impact the forex market.

US Dollar Price Action Setups: EUR/USD, USD/JPY and USD/CHF

Posted: 04 Apr 2019 05:30 AM PDT

The US Dollar continues to work within the longer-term ascending triangle. But bulls have retained control into Q2, and tomorrow brings NFP. Might a break be near?

EURUSD and Italian Stocks Dip on Italy Growth Cut, USD Recovers - US Market Open

Posted: 04 Apr 2019 05:00 AM PDT

The Euro saw a brief dip alongside Italian stocks after source reports noted that Italy is to lower its 2019 GDP forecast to 0.1% from the overly optimistic 1%.

Gold Price Forecast: Short-Term Support Ahead of US Labour Report (NFPs)

Posted: 04 Apr 2019 04:10 AM PDT

Gold continues to respect Fibonacci support, but traders need to keep an eye on Friday’s US Labour Report which may well make or break short-term market sentiment.

Stock Market Outlook: DAX Given China Boost, S&P 500 Signals Warning

Posted: 04 Apr 2019 04:00 AM PDT

A strong week for the DAX thus far on Chinese data boost, while S&P 500 shows warning technical signals.

GBP Price to Shrug off Shorter Odds on Corbyn as Next UK Prime Minister

Posted: 04 Apr 2019 03:00 AM PDT

The GBP price remains firm even though the odds on Jeremy Corbyn becoming the next UK Prime Minister have shortened – emphasizing that the markets are not afraid of a potential Labour government.

FTSE Chart Has Trend Resistance in Play, but Hard to Be Too Bearish

Posted: 04 Apr 2019 02:15 AM PDT

The FTSE continues to rally with global equity markets and is now running into the trend-line off the record high; outlook at a crossroad.

German Manufacturing Slump Long-Term Negative for Euro

Posted: 04 Apr 2019 01:50 AM PDT

A tumble in German industrial orders in February suggests the Eurozone’s largest economy is struggling, and that could have a detrimental impact on the Euro in the months ahead.

Charts to Watch: AUDUSD at Trend Resistance, AUDJPY Range

Posted: 04 Apr 2019 01:07 AM PDT

AUDUSD is back at a familiar area of trend resistance, needs to hold below to stay bearish, while AUDJPY nears the top of a well-defined trading range.

Sterling Price Outlook: GBPUSD and EURGBP Analysis

Posted: 04 Apr 2019 01:05 AM PDT

Sterling remains in tight trading ranges as Brexit negotiations continue. While the outcome of the EU/UK talks remains key, Sterling charts continue to have a positive bias.

EURUSD Outlook: Volatility Tame Ahead of ECB Minutes, No Sign of Range Break

Posted: 04 Apr 2019 01:00 AM PDT

Euro saw a subdued reaction to the earlier German factory orders, while FX options suggest EURUSD reaction to ECB minutes will likely be tame.

NZD/USD Technical Analysis: 6-Month Trend Support in the Balance

Posted: 03 Apr 2019 11:30 PM PDT

The New Zealand Dollar is struggling to break six-month trend support, but prices have some way to go higher to neutralize near-term selling pressure.

Euro Drops on German Factory Data, ECB Minutes Due Ahead

Posted: 03 Apr 2019 11:30 PM PDT

The Euro fell as German factory orders data disappointed. Minutes from last month’s ECB policy meeting may hurt the currency further and sour the broader market mood.

Asia Stocks Mixed. ECB Minutes May Sink EUR/USD, Euro Stoxx 50

Posted: 03 Apr 2019 10:00 PM PDT

Asia Pacific stocks traded mixed in a relatively quiet session before the ECB minutes which may sink sentiment and EUR/USD. Technical signs hint that the Euro Stoxx 50 may turn lower.

NZD, AUD, Emerging Markets at Risk from Rising US-Turkey Tensions

Posted: 03 Apr 2019 10:00 PM PDT

The Australian and New Zealand Dollars along with emerging market assets may be rattled by rising US-Turkey tensions linked to an arms-purchasing disagreement.

Crude Oil Prices at Risk on ECB Minutes, German Factory Orders

Posted: 03 Apr 2019 08:30 PM PDT

Crude oil prices may fall alongside other cycle-sensitive assets if minutes from last month’s ECB meeting and German factory orders data stoke global slowdown fears.

EUR/USD Eyeing Italy Economy - Fears of Eurozone Debt Crisis Rising

Posted: 03 Apr 2019 08:30 PM PDT

Euro traders are nervously monitoring the political and economic landscape in Europe as fears of another Eurozone debt crisis bubble to the surface, only this time it may not be in Greece.

EURUSD Holds 1.1200 from Now, Dow Ignoring WTO’s GDP Slash

Posted: 03 Apr 2019 07:00 PM PDT

With a make-or-break technical decision, EURUSD traders decided to hold the 1.1200-line. Market conditions likely had more to do with that decision than true fundamentals. The same will likely prove true of the next ‘risk’ move.

Nikkei 225 Technical Analysis: Bulls Must Top March Peak Soon

Posted: 03 Apr 2019 05:29 PM PDT

The Nikkei 225’s bounce endures but the bearish prospect of a ‘lower low’ has yet to be completely dealt with. This is now the bulls' first order of business

EUR/USD Initiates Higher Highs & Lows After Failing to Test 2019-Low

Posted: 03 Apr 2019 05:18 PM PDT

EUR/USD initiates a series of higher highs & lows ahead of the Non-Farm Payrolls (NFP) report following the failed attempt to test the 2019-low (1.1176).

GBP/USD Climbs to Resistance, UK Parliament Blocks No Deal Brexit

Posted: 03 Apr 2019 04:00 PM PDT

GBP/USD rose as the UK Parliament backed a bill to block a ‘no-deal’ Brexit, but the British Pound faces near-term resistance. Meanwhile, USD/CAD rose as crude oil prices fell.

WTO Slashes Global GDP Growth Estimates, Risk Assets Unfazed

Posted: 03 Apr 2019 03:34 PM PDT

The World Trade Organization released its latest outlook on the global economy, cutting 2019 growth forecasts from 3.7 percent to 2.6 percent.

Currency Volatility: EURUSD Price Could Gyrate Ahead of ECB, Fed

Posted: 03 Apr 2019 01:30 PM PDT

EURUSD could see an uptick in price action over the next week with ECB and Fed event risk on deck despite relatively tame overnight and 1-week implied volatility readings.
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