DailyFX - Feeds all

DailyFX - Feeds all

Canadian Dollar (CAD) Price Slips as BoC Leaves Interest Rates Unchanged

Posted: 29 May 2019 07:09 AM PDT

USDCAD rallies to near six-month high after the central bank left its benchmark interest rate unchanged at 1.75% with the accompanying release highlighting a mildly dovish overtone.

Italian Stock Market Suffers as Italy-EU Debt Row Worsens, Bonds Stabilize

Posted: 29 May 2019 07:00 AM PDT

A growing argument between the European Commission and the Italian Government over Italy’s public-sector debt is hitting Italian stocks while leaving its Government bonds largely unscathed.

Japanese Yen & Swiss Franc Rise After China’s Trade Threat - US Market Open

Posted: 29 May 2019 06:00 AM PDT

Risk off trade dominating financial markets following China’s trade threat, while flight to quality flows see the Swiss Franc and Japanese Yen firm.

Canadian Dollar Forecast: USD/CAD Eyeing a Rally off Consolidation Zone

Posted: 29 May 2019 05:30 AM PDT

Today’s closing price could indicate the next move for USD/CAD

Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY

Posted: 29 May 2019 04:30 AM PDT

USDCAD respecting range for now ahead of BoC, while CADJPY tests critical support as outlook remains weak.

Dow Jones, Crude Oil, Gold Price Outlook & More

Posted: 29 May 2019 04:00 AM PDT

Stocks look poised to remain weak but could get volatile around big moving averages, crude oil also heavy, while gold continues to hold onto a key line of support.

Crude Oil Price Outlook: Oil Drops as Brent Crude Breaks Below 200DMA

Posted: 29 May 2019 03:00 AM PDT

After posting the largest weekly drop in 2019, oil prices have extended on its losses amid the step up in trade war tensions sparking risk averse sentiment, resulting in Brent crude breaking its 200DMA

Recession Fears Hit Stocks, Boost US Treasuries, Other Safe Havens

Posted: 29 May 2019 02:30 AM PDT

Concern that the ongoing US-China trade dispute is hitting economic growth worldwide is damaging risk appetite, boosting safe havens such as US Treasuries at the expense of stocks and oil.

DAX 30 & CAC 40 Charts: Continued Weakness Looks Likely

Posted: 29 May 2019 02:00 AM PDT

The German benchmark is breaking trend support while the French index is triggering a head-and-shoulders pattern.

EURUSD Price Outlook: Still Looking to Fall Further

Posted: 29 May 2019 12:58 AM PDT

The Euro remains weak against the US dollar, despite falling US Treasury yields, and EURUSD looks set to test the 1.1100 handle in the short-term, especially if upcoming US data beats expectations.

EURUSD Rate Rebound Unravels Ahead of June ECB Meeting

Posted: 28 May 2019 11:50 PM PDT

EURUSD struggles to hold its ground ahead of the ECB meeting on June 6, with the Euro Dollar exchange rate carving a fresh series of lower highs and lows.

Gold Prices May Break Key Support as US Dollar Reclaims Haven Bid

Posted: 28 May 2019 11:30 PM PDT

Gold prices fell as the US Dollar regained support from haven-seeking capital flows after a brief lapse. More of the same may see the metal break nine-month trend support.

Euro Nervously Eyes ECB and EU Data, SEK May Fall on Swedish GDP

Posted: 28 May 2019 11:30 PM PDT

The Swedish Krona may fall on GDP data and the Euro may struggle to rise if the ECB shows an increasing risk of a Eurozone financial crisis as key economic data is released.

US China Trade War Worries Hit Asian Mainboards Via Wall St Falls

Posted: 28 May 2019 09:50 PM PDT

This week’s Asia Pacific respite from trade worries came to an end Wednesday as stock markets mirrored their US counterparts’ swoon of the previous session

Singapore Dollar, Malaysian Ringgit Chart Analysis: More Hurdles

Posted: 28 May 2019 08:30 PM PDT

Despite the Malaysian Ringgit and Singapore Dollar brushing aside reversal warnings, uptrends in USD/MYR and USD/SGD still face technical hurdles. USD/IDR and USD/PHP are also covered.

AUDUSD Risks Range-Bound Conditions as Rebound Stalls Ahead of RBA

Posted: 28 May 2019 07:55 PM PDT

AUD/USD stands at risk of facing range-bound conditions as the exchange rate struggles to extend the series of higher highs & lows from the previous week.

Japanese Yen Bulls Pause At Key USDJPY Level, May Keep Momentum

Posted: 28 May 2019 06:36 PM PDT

The Japanese Yen has been a clear winner in the now-customary battle of havens with the US Dollar. However, Yen bulls seem to have hit a wall.

BRL, Ibovespa Threatened by Trade Wars and Financial Vulnerability

Posted: 28 May 2019 05:30 PM PDT

Confidence in BRL and the Ibovespa stock index may be undermined by worries about Brazil's financial stability as an inhospitable outlook undermines growth.

Dow Strains Support on a Reversal Pattern While Key FX Pairs Face Pressure

Posted: 28 May 2019 05:05 PM PDT

The return of full trading liquidity after extended US and UK holiday weekends pushed the markets right back into a mix of fundamental threats. Will it all finally overwhelm traders and trigger patterns like those on the Dow?

US Dollar Gains on Rising US Recession Fears Which May Boost Yen

Posted: 28 May 2019 04:00 PM PDT

The US Dollar rose on risk aversion which may lead to gains in the Japanese Yen next as US recessionary fears rose. Meanwhile, the New Zealand Dollar looks to RBNZ commentary.

Gold Price Could Climb as US Treasury Yield Plunges

Posted: 28 May 2019 03:11 PM PDT

XAUUSD threatens to reclaim the $1,300 price level with the US 10-Year Treasury Yield plummeting to its lowest level since 2017 in response to mounting slowing global growth fears.

Bitcoin Price Nears $9,000 as XRP Looks to Post Record Climb

Posted: 28 May 2019 01:00 PM PDT

Bitcoin trades near $9,000, as the largest cryptocurrency by market cap continues its climb in the year-to-date. Meanwhile, XRP is on pace to set a record for consecutive daily gains.

GBPUSD Currency Volatility Rises Alongside Brexit Turbulence

Posted: 28 May 2019 12:21 PM PDT

Expected GBPUSD price action over the next 6 months is soaring which could spell trouble for the Pound Sterling.

US Dollar Price Action Setups in USD/JPY, AUD/USD and NZD/USD

Posted: 28 May 2019 12:01 PM PDT

The US Dollar put in a nasty move last week and is trying to claw back losses from the reversal that followed the failed breakout. Can USD bulls make a stand?
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