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DailyFX - Feeds all

Gold Prices – Long Term Contraction Continues

Posted: 03 May 2019 07:48 AM PDT

Gold prices have been in a contracting bullish range since the pivot low formed in December 2015. The monthly chart below suggests the pivot low was an Elliott Wave 4 pullback.

US Dollar Rejected at Weekly High After NFP: S&P 500 Nearing a Turn?

Posted: 03 May 2019 07:05 AM PDT

This morning brought the release of NFP but the week is far from over as a series of FOMC speakers populate the calendar for the remainder of today.

EURUSD Soft Despite Rising Inflation, USD Shrugs Off Mixed NFP - US Market Open

Posted: 03 May 2019 06:30 AM PDT

Tight trading ranges has been the state of play with major USD pairs, despite the release of the NFP report. Meanwhile, the Euro shrugged off better than expected inflation metrics.

US Dollar Price Whipsaws on US NFP Headline Beat

Posted: 03 May 2019 05:43 AM PDT

The US dollar reacted sharply to the latest US non-farm payroll release that saw +263k new jobs created in April, beating market expectations. Average earnings were mixed.

Gold Price May Decline Quickly; Euro & Other Charts to Watch Next Week

Posted: 03 May 2019 04:12 AM PDT

Gold is teetering on the brink of breaking down below significant trend support, the Euro and other currencies look headed lower versus the Dollar.

US Dollar Rally Needs a Fresh Boost From US Payrolls Report (NFPs)

Posted: 03 May 2019 04:00 AM PDT

The US dollar is trading near its recent 2-year high on the back of a ‘wait-and-see’ FOMC outlook and supportive US Treasury yield differentials. A strong US payrolls report will be needed to drive the greenback to a fresh high.

EURUSD Brushes Off Positive Eurozone Inflation Ahead of US Nonfarm Payrolls

Posted: 03 May 2019 02:30 AM PDT

EURUSD continues its downtrend despite positive Eurozone inflation figures as traders' eye for nonfarm payrolls to consolidate a direction. Higher inflation figures are common during the Easter month causing a seasonality effect.

Gold Rate Outlook: Retesting 2019 Lows, Eyes on NFP Report

Posted: 03 May 2019 02:30 AM PDT

Gold prices retesting key support, robust NFP could pave the way for a fresh 2019 low. Near-term outlook remains modestly bearish.

GBPUSD Price Rattled by Local Election Results, Brexit Hangover & US NFPs

Posted: 03 May 2019 01:10 AM PDT

Sterling is under pressure and slipping lower, bruised by the heavy losses suffered by the UK government at the local elections on Brexit concerns.

Dow Jones at Risk of Selling Off, Watch the S&P 500 Rising Wedge

Posted: 03 May 2019 01:02 AM PDT

The market is looking vulnerable here with the S&P posting a possible topping pattern, Dow Jones lagging behind, Nasdaq 100 needs to hold confluent support.

NOK, SEK Fell on PMI - Krona, Krone Eye US NFP, Unemployment Rate

Posted: 02 May 2019 11:30 PM PDT

The Swedish Krona and Norwegian Krone suffered after PMI disappointed. NOK and SEK now eye upcoming US NFPs and unemployment rate data.

Yen and Dollar May Rise as Stocks Fall on US Jobs Data

Posted: 02 May 2019 11:30 PM PDT

The Yen and Dollar may rise as stocks drop, triggering a break of key support for the bellwether S&P 500 index, if April’s US employment data falls short of expectations.

HSBC Results Smash Forecasts, Asian Markets Focused On US Payrolls

Posted: 02 May 2019 10:10 PM PDT

The London-based global banking giant seems to have had success with cost cutting and growing its key Asian businesses. Market closures may have blunted the results’ effects.

Brazil Industrial Production May Sound Alarm on Global Growth

Posted: 02 May 2019 08:30 PM PDT

Brazilian industrial production will be released later today, though the report may signal a larger narrative at the heart of global growth prospects.

S&P 500 Digs Into False Break Reversal as US NFPs, Data Comes

Posted: 02 May 2019 07:34 PM PDT

The S&P 500 is making threatening progress towards a reversal just days after hitting a record high and failing to charge momentum on the spark. US event risk Friday, we will hit three major themes: growth concerns, trade wars and monetary policy.

EUR/GBP Downtrend Eyed, Can Euro Resume Fall Versus British Pound?

Posted: 02 May 2019 07:00 PM PDT

EUR/GBP fell on bearish technical and sentiment signals, but it is short of a breakout. The Euro could make an attempt, however, to resume the downtrend against the British Pound.

Australian Dollar Slides On Building Approvals Miss, RBA Looms

Posted: 02 May 2019 06:37 PM PDT

The Australian Dollar was hit by news that domestic building approvals slumped last month. The chance of lower Australian interest rates last week remains very much in play.

Gold Prices May Break 9-Month Uptrend on US Jobs Report

Posted: 02 May 2019 05:30 PM PDT

Gold prices may break below chart support guiding the nine-month uptrend as the Dollar rises in the wake of April’s US jobs data.

US Dollar May Rise, GBP Mute as Brexit Overhang Mutes BoE Hike Bias

Posted: 02 May 2019 04:00 PM PDT

The US Dollar is eyeing uptrend resumption, crude oil prices seem to be topping alongside the S&P 500 in the aftermath of a less-dovish Fed. GBP/USD ignored a hawkish tilt from the BoE.

Currency Volatility: EURUSD in Spotlight Ahead of EZ Inflation, US NFP

Posted: 02 May 2019 02:30 PM PDT

Tomorrow's economic data from the Eurozone and United States highlights EURUSD with inflation and nonfarm payroll numbers on deck. What might forex traders expect for spot prices?

EUR/JPY Technical Analysis: Looking at Price Action Around 124.76

Posted: 02 May 2019 02:00 PM PDT

Important Euro Zone CPI numbers for March will be released tomorrow and may generate some significant Euro volatility and perhaps even a prompt for some direction.

Crude Oil Price Breakdown Nears April Low, USDCAD Outlook Lifted

Posted: 02 May 2019 01:32 PM PDT

After holding a key level earlier this week, oil prices may be breaking down below critical near-term support. As such, USDCAD may turn back higher.

Stock Market Update: Retailers Warn of Impact from Strong US Dollar

Posted: 02 May 2019 01:10 PM PDT

Alongside tech companies like Google, retailers have highlighted the adverse impact a strong US Dollar is having on their profits and revenue outlooks.

Canadian Dollar Price Outlook: USD/CAD at Weekly High as Loonie Dives

Posted: 02 May 2019 12:05 PM PDT

Loonie is virtually unchanged this week with price holding the weekly opening-range heading into NFPs tomorrow. Here are the levels that matter on the USD/CAD charts.

Should Stock Market Investors Listen to the ’Sell in May and Go Away’ Anomaly?

Posted: 02 May 2019 11:00 AM PDT

History shows that equity returns are lower on average beginning in May which has led to the 'Sell in May and Go Away' stock market anomaly. What might this mean for stocks now?
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