DailyFX - Feeds all

DailyFX - Feeds all

US Dollar Price Action Setups After Last Week’s Bullish Barrage

Posted: 20 May 2019 07:04 AM PDT

The US Dollar had a very strong outing last week. Can buyers remain in-charge to push up to a fresh 2019 high?

USD/CHF Price Forecast: Bearish Momentum Intact - 1.1026 Remains Key

Posted: 20 May 2019 07:00 AM PDT

USDCHF recently rejected the psychological 1.0000 level but momentum still looks negative. The next move is key for the pair's short-term future.

Weekly Trading Forecast: Dollar and S&P 500 Still Within Range of Major Highs

Posted: 20 May 2019 06:30 AM PDT

Volatility stirred this past week, but it wouldn’t be applied to a clear direction for the benchmark assets. With the Dow and S&P 500 unsure of their direction having dropped back from record highs and the Dollar fresh off a 5-day rally to within reach of its own two-year high, technical traders are focused on whether we see break or reversal. What they should really contemplate is the capacity of follow through.

AUDUSD Soars on Shock Election, Apple Shares Slump, Risk of S&P 500 Drop - US Market Open

Posted: 20 May 2019 05:30 AM PDT

The AUD outperforms following a shock election outcome, in which Prime Minister Scott Morrison secured re-election.

Weekly Trading Forecast: Trade War Sentiment Fluctuates Violently, Sabotages Risk Trends

Posted: 20 May 2019 05:30 AM PDT

While there has been plenty of discussion surrounding growth forecasts and political risks moving forward, the most active fundamental theme remains trade war developments. We had clear points of improvement on that front this past week with a delay in US auto tariffs and the lifting of metals import taxes to smooth the USMCA deal. That said, the souring mood between the US and China seemed to keep sentiment suppressed. Does this continue?

Sterling (GBP) Outlook: UK Inflation, Brexit & ECB/Fed Minutes

Posted: 20 May 2019 04:42 AM PDT

A busy UK week ahead with a variety of high importance drivers for traders to look out for.

Crude Oil Price May Be Carving Out a Top

Posted: 20 May 2019 04:00 AM PDT

Oil is trading higher so far from a successful test of support, but there is potential now for a meaningful lower-high to develop at an important spot on the chart.

COT Report: Japanese Yen and Euro Shorts Collapse, USD Longs Reduced

Posted: 20 May 2019 02:30 AM PDT

USD net long positioning cut by $4.6bln vs G10 FX, led by a sizeable liquidation in JPY and Euro shorts.

GBPUSD Price Rattled by Heightened Brexit Fears, European Elections Near

Posted: 20 May 2019 02:01 AM PDT

Sterling opens the week slightly better bid against the US dollar but the outlook for GBP remains uncertain as Brexit turmoil continues to feed bearish sentiment.

GBPUSD, NZDUSD & GBPNZD Chart Set-ups to Watch

Posted: 20 May 2019 01:41 AM PDT

A couple of interesting developments on GBP and NZD charts versus USD and against one another worth paying attention to this week.

Gold Price Sell-Off Continues, Silver Price Hits a Six-Month Low

Posted: 20 May 2019 01:00 AM PDT

Gold continues to fall and is now around $30 lower from last Tuesday’s recent high, while Silver hit lows last seen in December last year.

AUD May Trim Election Gains as Yen Rebounds on Powell Speech

Posted: 19 May 2019 11:30 PM PDT

The Australian Dollar may trim gains scored courtesy of the federal election outcome while the anti-risk Yen gains as comments from Fed Chair Powell spook markets.

Currencies May See Wild Swings if Slow Growth Breaks CLO Market

Posted: 19 May 2019 10:00 PM PDT

Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in the fragile market for collateralized loan obligations (CLOs).

US Dollar May Gain Versus SGD, PHP on Neutral Fed, Trade War Fears

Posted: 19 May 2019 08:30 PM PDT

The US Dollar may accelerate gains versus the Singapore Dollar on US-China trade war escalation fears. Neutral reiterance from the Fed risks extending USD/MYR and USD/PHP uptrends.

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

Posted: 19 May 2019 07:00 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.

Crude Oil Price Rise on US-Iran Spat, OPEC Output Cuts May Fizzle

Posted: 19 May 2019 05:30 PM PDT

Crude oil price rose as US President Trump threatened Iran while OPEC mulled extending its output cut scheme, but a speech from Fed Chair Powell may see the move unravel.

GBP Downtrend Losing Control on Cloudy Brexit Outlook, Yen May Gain

Posted: 19 May 2019 04:00 PM PDT

The GBP/USD downtrend eyes November lows on a more uncertain Brexit outlook. Reports that US-China trade talks stalled may boost the anti-risk Japanese Yen as the Nikkei 225 falters.

Australian Dollar Up as Morrison Unexpectedly Triumphs in Election

Posted: 19 May 2019 02:14 PM PDT

The Australian Dollar rose against all its major currency counterparts after the incumbent Liberal party unexpectedly triumphed in its country’s federal election.

Weekly Trading Forecast: Dollar and S&P 500 Still Within Range of Major Highs

Posted: 19 May 2019 09:00 AM PDT

Volatility stirred this past week, but it wouldn’t be applied to a clear direction for the benchmark assets. With the Dow and S&P 500 unsure of their direction having dropped back from record highs and the Dollar fresh off a 5-day rally to within reach of its own two-year high, technical traders are focused on whether we see break or reversal. What they should really contemplate is the capacity of follow through.

Weekly Trading Forecast: Trade War Sentiment Fluctuates Violently, Sabotages Risk Trends

Posted: 19 May 2019 09:00 AM PDT

While there has been plenty of discussion surrounding growth forecasts and political risks moving forward, the most active fundamental theme remains trade war developments. We had clear points of improvement on that front this past week with a delay in US auto tariffs and the lifting of metals import taxes to smooth the USMCA deal. That said, the souring mood between the US and China seemed to keep sentiment suppressed. Does this continue?
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