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DailyFX - Feeds all

Gold Prices Turn Higher Alongside US Dollar Breakout - Will it Last?

Posted: 23 May 2019 07:35 AM PDT

It’s unusual to see both gold and the US Dollar trade in tandem – unless a wave of risk aversion is sweeping across global financial markets.

GBP/JPY Price Forecast: Bearish Momentum Continues as Brexit Turmoil Weighs

Posted: 23 May 2019 07:30 AM PDT

Bearish momentum leads GBP/JPY to its lowest price in more than 4 months - what is the current trading range and what support and resistance levels need to be monitored closely?

Canadian Dollar Outlook: USD/CAD Reversal Rally from Range Support

Posted: 23 May 2019 06:00 AM PDT

After spending the past month in a range, USD/CAD has put in a strong show of price action over the past 24 hours. Is a USD/CAD breakout nearing?

GBPUSD Volatility Rising, CAD Drops as Oil Prices Collapse - US Market Open

Posted: 23 May 2019 05:45 AM PDT

Losses in the energy complex have continued with Brent and WTI crude breaking below $70 and $60 respectively.

USD Price Outlook: US Dollar Drives Towards Two-Year Highs

Posted: 23 May 2019 05:30 AM PDT

The US Dollar is making a push towards a re-test of two-year-highs. Can European elections and Brexit pessimism help to elicit a breakout in USD?

Dr Coppers Drop Signals Concerns for the S&P 500

Posted: 23 May 2019 04:30 AM PDT

Copper prices have dipped into correction territory falling over 10% since the 2019 peak reached on April 17th following the recent escalation in trade war tensions.

Crude Oil Price Outlook Weakens, Stock Markets Sink on Trade Fears

Posted: 23 May 2019 04:03 AM PDT

Crude oil has broken the recent uptrend - and an important Fibonacci retracement level - and looks likely to head lower as US-China trade talks fuel global growth fears.

Japanese Yen Still in Demand as Safe Havens Benefit From US-China Spat

Posted: 23 May 2019 04:00 AM PDT

The Japanese Yen is continuing to climb as the US-China trade war turns increasingly into a technology war, hitting risk sentiment and boosting demand for safe havens.

Eurozone PMIs and Ifo Index Miss Expectations, Euro Shrugs

Posted: 23 May 2019 02:30 AM PDT

Eurozone PMIs and the German Ifo Index came in lower than predicted in May but there was little response in the Euro against the other major currencies.

Gold Prices Maintain Downtrend, However, Pivotal Support Holds

Posted: 23 May 2019 01:00 AM PDT

Gold prices remain in a downtrend as USD edges higher, however, support is holding, which raises the risk of a bounce towards trendline resistance.

GBPUSD Price Slumps Further on Brexit & PM May Exit Shambles

Posted: 23 May 2019 12:47 AM PDT

The British Pound is starting to become uninvestable in the short-term as PM May continues to ignore calls for her resignation, leaving Sterling adrift.

SEK, NOK May Fall on Key Local, Euro Area Economic Data

Posted: 22 May 2019 11:30 PM PDT

The Swedish Krona and Norwegian Krone are in for a tumultuous 24 hours ahead of local and Eurozone economic data, Brexit and the European elections.

EURUSD at Risk on 2019 European Parliamentary Elections

Posted: 22 May 2019 11:00 PM PDT

The upcoming EU parliamentary elections will be the most consequential vote in the transnational organization’s history and could have devastating consequences for Europe and the Euro.

Euro Stoxx 50 May Fall After Nikkei 225 Sinks on Trade War Fears

Posted: 22 May 2019 09:30 PM PDT

The Nikkei 225 sank as US-China trade war fears fueled risk aversion after the US blacklisted more Chinese companies. The Euro Stoxx 50 may be eyeing support on European elections.

Dovish ECB Minutes to Keep EURUSD Rate Under Pressure

Posted: 22 May 2019 09:20 PM PDT

The ECB Minutes may keep EUR/USD under pressure as the central bank warns that the ‘the risks surrounding the euro area growth outlook remain tilted to the downside.’

Crude Oil Prices May Drop with Stocks as Market Mood Sours

Posted: 22 May 2019 08:30 PM PDT

Crude oil prices may fall alongside stocks as shaky European politics, slowing growth and US-China trade war escalation spook financial markets.

S&P 500 Is Due a Break and Pound Collapses Alongside May’s Hold

Posted: 22 May 2019 07:56 PM PDT

The S&P 500 – as a benchmark for ‘risk trends’ – has run out of room to move, making a breakout inevitable. Yet as pressing as a technical charge may be, we still need fundamental motivation to carry any trend.

BRL, Ibovespa at Risk From Brazil-China Investment Negotiations

Posted: 22 May 2019 07:00 PM PDT

The Brazilian Real and Ibovespa equity index will be watching Brazil-China negotiations as officials discuss Beijing’s investment into Latin America’s largest economy.

Gold Price Forecast: RSI Offers Bearish Signal Following FOMC Minutes

Posted: 22 May 2019 05:30 PM PDT

Gold prices hold a narrow range following the FOMC Minutes, but the RSI offers a bearish signal as the oscillator threatens the upward trend carried over from April.

Canadian Dollar, Crude Oil Prices Decline to Support. Yen May Gain

Posted: 22 May 2019 04:00 PM PDT

The Canadian Dollar fell alongside a decline in crude oil prices as the British Pound accelerated losses with UK Prime Minister Theresa May closer to stepping down. The Yen may gain.

What if Mexico, Canada Join the US in the Trade War with China?

Posted: 22 May 2019 02:15 PM PDT

The US-China trade war could expand in scope if the United States is able to rally its North American trade partners behind it to exert greater pressure on China.

USD/JPY Elliott Wave Analysis: Bullish Pattern Emerges

Posted: 22 May 2019 02:08 PM PDT

We are tracking a bullish 5-3 wave pattern for USD/JPY that has longer term bullish implications.

Euro Currency Volatility: EU Elections Highlight EUR Crosses

Posted: 22 May 2019 01:50 PM PDT

Forex traders shift their attention to EURUSD, EURGBP, and EURJPY ahead of Thursday's European Parliamentary Elections. What are the anticipated trading ranges?

US Dollar Steadies as May FOMC Minutes Detail "Patient" Approach

Posted: 22 May 2019 11:05 AM PDT

The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.

British Pound Technical Analysis: Has GBP/USD Finally Found Support?

Posted: 22 May 2019 10:30 AM PDT

It's been a brutal couple of weeks for the British Pound and the headlines haven't gotten any friendlier; we may be on the cusp of a PM resignation in the UK.
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