DailyFX - Feeds all

DailyFX - Feeds all

Dollar Jumps as Consumer Sentiment Hits 15-Year High

Posted: 17 May 2019 08:00 AM PDT

The University of Michigan Consumer Sentiment Index printed a reading of 102.4 this morning, a 15-year high, which also crushed estimates of 97.2.

Australian Dollar Technical Analysis Overview: AUDUSD, AUDJPY, GBPAUD

Posted: 17 May 2019 07:00 AM PDT

AUDUSD downside momentum intensifying. AUDJPY outlook remains bearish. GBPAUD maintains uptrend, however, breakout looks unlikely in the near-term.

GBPUSD Extends Drop, Chinese Yuan in Freefall, Beware of Currency Intervention - US Market Open

Posted: 17 May 2019 06:10 AM PDT

Unsurprisingly, UK cross party talks collapse, GBP drops as a result. Chinese Yuan falls to November lows. However, beware of FX intervention.

GBPUSD Price Slumps to a Four-Month Low on Brexit Disarray

Posted: 17 May 2019 04:45 AM PDT

Sterling (GBP) is coming under increasing pressure, especially from the USD, after news that UK cross-party talks have ended without any agreement, leaving PM May increasingly isolated.

Dollar Higher; Pound, Euro, and Gold Price Charts for Next Week

Posted: 17 May 2019 04:30 AM PDT

In today's look-ahead to next week we look at the possibility of more Dollar strength and gold's sudden turn towards an important support test.

FTSE 100 Outlook – Strong Recovery Brings into Play New Set of Scenarios

Posted: 17 May 2019 03:15 AM PDT

The FTSE has lifted strongly off support, there are a couple of possibilities to monitor here in the days ahead.

Gold Price Outlook Eyes US Data and Chinese Yuan Weakness

Posted: 17 May 2019 02:28 AM PDT

Gold is trading around an important technical level and its next move may be prompted by ongoing USDCNH weakness and/or this afternoon’s important Uni of Michigan sentiment release in the US.

Crude Oil Price Outlook: Oil Backwardation at 4yr Highs Ahead of OPEC Meeting

Posted: 17 May 2019 01:35 AM PDT

Crude Oil backwardation highest in 4yrs, which in turn has typically provided a bullish structure for the spot price.

Bitcoin (BTC) Price Slumps on Heavy Selling Interest

Posted: 17 May 2019 01:09 AM PDT

The crypto-market took one on the chin early Friday morning, slumping anywhere between 10% and 20% in a matter of minutes as heavy Bitcoin sell orders roiled the market.

Euro Shaken Ahead of EU Elections - Lessons From Sweden’s Gridlock

Posted: 16 May 2019 11:30 PM PDT

The Euro will get progressively jumpier ahead of next week’s European parliamentary elections. Was Sweden’s 2018 gridlock foreshadowing of what is to come?

EUR/USD Technical Analysis: Euro Takes Aim at April Low

Posted: 16 May 2019 11:00 PM PDT

The Euro looks to be taking aim at April lows near the 1.11 figure against the US Dollar after breaking below a chart support level.

Sony Boosts Nikkei As US-China Trade War Drags On Chinese Stocks

Posted: 16 May 2019 10:40 PM PDT

Friday was a mixed session for Asia Pacific mainboards with trade worries still hanging round the neck of Shanghai and Hong Kong. Risk appetite elsewhere revived a bit, however.

Gold Prices Fall as Cisco, Walmart Earnings Cool Trade War Fears

Posted: 16 May 2019 08:30 PM PDT

Gold prices slumped as upbeat earnings reports form Cisco and Walmart tempered worries about the economic impact of the US-China trade war.

Both S&P 500 and USDCNH Advance Through Uneven Trade War Views

Posted: 16 May 2019 07:51 PM PDT

Efforts to revive some enthusiasm around trade conditions to stoke a recovery in risk appetite is proving an uneven effort. With the US-China situation still intensifying and no confirmation on auto and metals tariffs, how enthusiastic should we be?

USDPHP Uptrend Gains, BSP Cuts RRR. IDR Upheld by Bank of Indonesia

Posted: 16 May 2019 07:00 PM PDT

USD/PHP uptrend extended as the BSP cut bank reserve requirement ratios. Meanwhile, USD/IDR may fall as the Bank of Indonesia guards the Rupiah. Both currencies at risk to trade wars.

Australian Elections Preview - How Will Markets React?

Posted: 16 May 2019 05:30 PM PDT

As polls show that Labor has a small victory over the Coalition, the composition of the Senate is going to be key for the governing party to pass its policies. Labor’s policies may spook traders if they believe Bill Shorten will implement his campaign promises.

US Dollar Rises, EURUSD Targets 2017 Lows as Fed Rate Cut Bets Cool

Posted: 16 May 2019 04:00 PM PDT

The US Dollar extended gains alongside the S&P 500 with rising bond yields, EUR/USD cleared support and the Euro may retest June 2017 lows again on market positioning signals.

Volatility Jumps Across FX, Stocks, Bonds, Gold as Risks Rise

Posted: 16 May 2019 02:49 PM PDT

What might the trend and relationship of volatility for various assets suggest about the global markets?

Traders Should Limit Equity Exposure Ahead of Auto Tariff Deadline

Posted: 16 May 2019 02:30 PM PDT

Without a statement from the President himself regarding the Section 232 auto tariff investigation, holding equity exposure over the coming weekend has heightened risk.

S&P 500 Rallies on Earnings Despite Warnings of Trade War Impact

Posted: 16 May 2019 11:40 AM PDT

The S&P 500 is timidly in the green for the week after a series of strong earnings bolstered the Index - despite concerns regarding the US-China trade war.

Gold Price Drops from 1-Month High as Yields Rebound

Posted: 16 May 2019 10:15 AM PDT

XAUUSD collapsed below the psychologically-important $1,300 price level as rebounding yields and recovering risk appetite sent gold tumbling.
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