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DailyFX - Feeds all

US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD

Posted: 24 May 2019 06:33 AM PDT

It was a busy week in the US Dollar, and both EURUSD and GBPUSD remain vulnerable to volatility over the weekend. USDCAD may see volatility pick up around BoC.

Euro Traders Remain Long as Pair tests Key Low

Posted: 24 May 2019 05:50 AM PDT

Traders have remained long the EURUSD as the pair tumbles into key lows. One-sided sentiment warns we may be near a sentiment extreme.

GBPUSD Choppy, Theresa May Resigns, What Next? - US Market Open

Posted: 24 May 2019 05:00 AM PDT

The Pound has traded in choppy fashion after Theresa May announced her resignation. Focus now on who will be the next Conservative Party Leader.

US Dollar (DXY) Soft Ahead of US Durable Goods Data

Posted: 24 May 2019 04:08 AM PDT

The US dollar basket (DXY) slipped lower Thursday after a weak set of US PMI readings. Ahead the first look at US durable goods which is expected to show a sharp decrease from last month’s multi-month high.

Gold Price Eyeing Support, Silver Price Rebound Fading

Posted: 24 May 2019 03:40 AM PDT

Gold’s short-term rally has hit the buffers and may test 200-day ma support again while silver remains stuck in a downtrend.

Currency Volatility: Euro Potentially Underpricing the Impact of the EU Election

Posted: 24 May 2019 03:00 AM PDT

While focus will be on the upcoming EU election, option markets imply little in the way of volatility for the Euro.

Theresa May Announces Resignation, GBPUSD Heading Lower

Posted: 24 May 2019 02:15 AM PDT

Theresa May announces that she will resign on June 7th and will remain in office until a new leader is found, which is expected around end of July.

USDJPY Price Outlook: Sell-Off May Not be Finished Yet

Posted: 24 May 2019 01:50 AM PDT

GBPUSD Rate Susceptible to Dismal UK Retail Sales Report

Posted: 24 May 2019 12:30 AM PDT

The U.K. Retail Sales report may keep GBP/USD under pressure as the headline reading for household spending is expected to contract 0.4% in April.

EURUSD Chart Analysis: Has the Euro Bottomed vs US Dollar?

Posted: 24 May 2019 12:00 AM PDT

Euro sellers struggled to make hay of a break below near-term chart support and some technical cues warn that a bottom may be taking shape above the 1.11 figure.

EURUSD May Rise on US Durable Goods Orders After Painful PMI Data

Posted: 23 May 2019 11:00 PM PDT

EURUSD may get a lift from US durable goods orders as the US economy continues to show weakness, especially in light of recent developments in the US-China trade war.

NZDUSD Chart Analysis: 19-Year Rising Trend May Come Undone

Posted: 23 May 2019 10:00 PM PDT

The New Zealand Dollar is at risk of breaking a nearly 19-year rising trend against its US counterpart as prices test critical chart support.

EURGBP Chart Analysis: Euro at Resistance In Brexit-Fueled Uptrend

Posted: 23 May 2019 09:30 PM PDT

The EUR/GBP Brexit-fueled dominant uptrend is facing the next test, leaving the Euro at key resistance against the British Pound amidst a bearish warning on the 4-hour chart.

S&P 500 Leads a Global Risk Aversion That Threatens Critical Mass in Fear

Posted: 23 May 2019 08:31 PM PDT

Heading into a holiday-deflated weekend, the markets have taken a very threatening posture in a broad tumble this past session pushing benchmarks like the S&P 500 up to overt support. What happens now?

Gold Prices Rise as US Dollar Fails to Capitalize on Market Selloff

Posted: 23 May 2019 08:30 PM PDT

Gold prices rose as dismal US PMIs derailed the Dollar’s ability to capitalize on haven demand amid risk aversion. Durable Goods Orders data may bring more of the same.

Oil Prices Slide – IMF Fires Warning Shot for US & China Consumers

Posted: 23 May 2019 07:00 PM PDT

The weakening outlook for global growth may continue to drag on the price of oil amid the ongoing trade dispute between the US and China, the two largest consumers of oil.

BRL Chart Analysis: Bearish Outlook Ahead of CPI Data, Trade Wars

Posted: 23 May 2019 05:30 PM PDT

The Brazilian Real may find itself in pain during tomorrow’s trading session ahead of Brazilian inflation data and souring US-China trade relations.

USDJPY Faces Chart Support as S&P 500 Sinks on Trade Wars, US PMI

Posted: 23 May 2019 04:00 PM PDT

USD/JPY is aiming for chart support as trade war fears and dismal US PMI data sunk the S&P 500. Meanwhile, the Canadian Dollar extended declines as crude oil prices fell over 5 percent.

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

Posted: 23 May 2019 02:00 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.

US Dollar Price Action Setups in EUR/USD, USD/CAD and AUD/USD

Posted: 23 May 2019 12:49 PM PDT

Risk aversion continues to roar and US stocks are closing in on some huge support areas. Can buyers hold the lows? Or is another Q4-like sell-off on the way?

Yen: JPY Crosses Crater Amid Collapsing Market Sentiment

Posted: 23 May 2019 12:32 PM PDT

Vanishing risk appetite sends the Japanese Yen soaring against major counterparts as traders flock to the safe-haven currency.

Near-term Trade Setups in USD/CAD and AUD/USD

Posted: 23 May 2019 11:28 AM PDT

An update on near-term trade setups we've been tracking in Loonie (USD/CAD) and Aussie (AUDUSD). These are the targets and invalidation levels that matter this week.

S&P 500, Dow Jones, Nasdaq 100 Price Outlook

Posted: 23 May 2019 10:30 AM PDT

US stocks lost their footing Thursday morning as they stumbled to rest at key support. Here are the price levels to watch for the S&P 500, Dow Jones and Nasdaq 100 as the week winds down.

Oil Price Outlook: Crude Crushed – Trade Levels to Know for WTI

Posted: 23 May 2019 09:00 AM PDT

Crude oil prices have plummeted more than 11% form the yearly high with the sell-off now eyeing initial support targets. Here are levels that matter on the WTI charts.

US PMI Figures Miss, Pushing Treasury Yields To 2019 Lows

Posted: 23 May 2019 08:30 AM PDT

US Services and Manufacturing PMI figures fell short of analyst expectations this morning as reported by Markit Economics, with trade tensions linked to increased uncertainty among survey participants
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