DailyFX - Feeds all

DailyFX - Feeds all

Central Bank Weekly: Fed and BOE Shape Currency and Growth Forecasts

Posted: 02 May 2019 08:15 AM PDT

This week we’ve seen the Federal Reserve surprise markets while the Bank of England remains sidelined thanks to Brexit.

Crude Oil Drops with Brent Eying $70, GBPUSD Muted on BoE - US Market Open

Posted: 02 May 2019 06:35 AM PDT

Crude oil drops over 2% as US crude production rises to record levels, GBPUSD whipsaws on BoE’s attempt to be hawkish. EURUSD holds 1.12.

US Dollar Price Action Setups Post-FOMC Dip and Rip: EUR/USD, GBP/USD

Posted: 02 May 2019 06:00 AM PDT

The US Dollar put in a dip followed by a rip around yesterday's FOMC rate decision, and the big question at this point is whether US stocks may be near a turn.

Bank of England Leaves Rates Unchanged, GBP Price Volatile

Posted: 02 May 2019 04:15 AM PDT

The Bank of England has left its key interest rate and all its other monetary policy settings unchanged, as expected, but mixed comments by Mark Carney are causing volatile moves in GBP.

GBP Technical Analysis Overview: GBPUSD, EURGBP

Posted: 02 May 2019 03:30 AM PDT

GBPUSD eyes 1.31 break, while EURGBP continues to edge lower with support seen at 0.8550

FTSE Trying to Gain a Footing at Trend Support on BoE Day

Posted: 02 May 2019 03:15 AM PDT

The FTSE has been one of the few weak spots in global equities as of late, watch how it responds to trend support off the December swoon low.

Litecoin (LTC) Price - Setting Up for Another Spike Move?

Posted: 02 May 2019 02:50 AM PDT

Litecoin’s recent sell-off has seemingly come to an end around a technical cluster, indicating that price action may soon get choppy.

Gold Price Nears Multi-Month Lows After Post-Fed Plunge

Posted: 02 May 2019 02:15 AM PDT

Gold is within a handful of US dollars of lows last seen in late-December 2018 after whippy post-FOMC USD price action. Friday’s NFPs now take on even more importance for gold traders.

Euro Rebound is Halted by Worse Than Expected German Manufacturing PMI

Posted: 02 May 2019 01:30 AM PDT

Euro struggles to take off as positive manufacturing PMI readings from most of the Eurozone are tainted by a downward revision for Germany.

EURUSD & USDCHF Chart Set-ups, Dollar Strength Favored After Fed

Posted: 02 May 2019 01:18 AM PDT

After yesterday's FOMC-induced Dollar reversal, the Euro and Swiss Franc look headed lower in the days ahead.

BoE Preview: GBPUSD May Extend Rise on Hawkish Hold

Posted: 02 May 2019 01:00 AM PDT

BoE to stand pat on interest rates, eyes on inflation and growth forecasts. Risk of hawkish dissenter in light of resilient economic data.

SEK, NOK Eye Manufacturing PMI, Riksbank Hearing After Neutral Fed

Posted: 01 May 2019 11:30 PM PDT

After an unexpectedly neutral Fed outlook that jolted financial markets, the Swedish Krona and Norwegian Krone will be watching upcoming manufacturing PMI data.

British Pound at Key Chart Barrier Before Bank of England Meeting

Posted: 01 May 2019 11:30 PM PDT

The British Pound is at a critical level of chart resistance against the Japanese Yen as the Bank of England prepares to deliver a monetary policy announcement.

S&P 500 Uptrend Still at Risk, Fed-Fueled Risk Aversion Cools in Asia

Posted: 01 May 2019 10:00 PM PDT

Fed-inspired risk aversion cooled in Asia trade with Japan, China offline. S&P 500 uptrend still undermined by bearish technical, sentiment signals as it eyes US initial jobless claims.

Crude Oil Prices at Risk on Eurozone and US Data, BOE Outlook

Posted: 01 May 2019 10:00 PM PDT

Crude oil prices may weaken if incoming Eurozone and US activity data as well as a BOE economic outlook update stoke slowdown fears and sour sentiment.

Wondering Why Asian Stocks Lag US Peers? Look At Tech

Posted: 01 May 2019 08:30 PM PDT

US stocks are setting new highs while Asian mainboards have yet to recoup all of late 2018’s losses. Divergence in tech fortunes may explain some of this phenomenon

Short-Term Retreat in USD/SEK? USD/NOK Testing Uptrend Support

Posted: 01 May 2019 08:30 PM PDT

After reaching a 17-year high, USD/SEK may have a short-term retreat as USD/NOK approaches the upper bound of an upward-sloping support channel.

Singapore Guns For London, NY In Forex Boost, Watch Its Progress

Posted: 01 May 2019 06:53 PM PDT

Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order.

How Far Will Dollar, S&P 500 Reversals Run Post Fed?

Posted: 01 May 2019 06:15 PM PDT

The Fed initially did little more than extend prevailing winds…until Chairman Powell stoked a speculative response. Will the S&P 500 reversal take serious traction? What should we expect from the Pound with the BOE ahead?

EUR/USD Technical Analysis: Euro Rebound May Be Exhausted

Posted: 01 May 2019 05:30 PM PDT

A tepid Euro rebound from two-year lows may have run its course, with the single currency seemingly angling for a retest of recent lows near the 1.11 figure.

NZD/USD Downtrend Resumes on Fed as Asia Markets Brace, JPY May Gain

Posted: 01 May 2019 04:00 PM PDT

The NZD/USD downtrend may resume as Asia markets brace for potential risk aversion after a relatively neutral Fed disappointed dovish bets. This may boost the anti-risk Japanese Yen.

What Have First Quarter Earnings Revealed About FX Markets?

Posted: 01 May 2019 02:45 PM PDT

With over half of all S&P 500 constituents reported, a few common threads relating to the foreign exchange market can be gleaned from the quarterly results.

GBP/JPY Technical Analysis: What Does Trading Above 144.80 Suggest?

Posted: 01 May 2019 02:33 PM PDT

Markets will be waiting for tomorrow's Bank of England MPC outcome and the Quarterly Inflation report, with no change expected since any interest rate change would need to take into consideration a range of possible Brexit outcomes, which remains unclear.

Gold Price Forecast Dims amid US Dollar Bullish Reversal After Fed Meeting

Posted: 01 May 2019 01:35 PM PDT

The past few days have produced choppy price action in Gold and the US Dollar, but price action after the May Fed meeting may point to near-term resolution.

Fed Meeting: USD, Dow Reverse on Powell Rhetoric After FOMC Rate Review

Posted: 01 May 2019 11:29 AM PDT

The latest Federal Reserve meeting indicated that the central bank will stand pat on interest rates for now, but tailored language in the FOMC press release further clouds its next move.
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