DailyFX - Feeds all

DailyFX - Feeds all

Kiwi Weekly Price Outlook: New Zealand Dollar Grinds at Support

Posted: 31 May 2019 09:00 AM PDT

Kiwi collapsed more than 6% from the yearly highs with price now testing support into the monthly close. These are the levels that matter on the NZD/USD weekly chart.

Gold Price Bullish Breakout Begins amid Topside Range Breach

Posted: 31 May 2019 08:00 AM PDT

As the gold price breakout gathers pace, changes in retail trader positioning suggest that gold prices can still trade higher.

Japanese Yen Soars, Mexican Peso Plummets, Crude Oil Prices Slammed - US Market Open

Posted: 31 May 2019 06:10 AM PDT

The Mexican Peso plunged overnight after President Trump surprised markets through announcing that the US will place 5% tariffs on all Mexican goods.

USD/CHF Price Forecast: Bearish Trend to Continue on Break Below 1.0008

Posted: 31 May 2019 06:00 AM PDT

USD/CHF has been trading lower since mid-May. Here are key levels the pair may likely encounter in the coming days.

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

Posted: 31 May 2019 06:00 AM PDT

The US Dollar put in gains each day of this week Monday-Thursday; but that strength has been unevenly distributed across EURUSD, GBPUSD and USDCAD.

Dollar Coiling; Euro, Pound, and Silver Price Charts for Next Week

Posted: 31 May 2019 04:43 AM PDT

In today's look-ahead to next week we looked at the coiling price action in the USD index; charts of several of the major currencies as well as gold price.

EURUSD Regains Some Strength, Bond Yields Signal a Recession

Posted: 31 May 2019 04:30 AM PDT

The EURUSD has pushed past the 1.1140 resistance line but traders will be eyeing German CPI and US PCE Core figures to strengthen their position. Worries about a recession have pushed long-term government yields around the world to the lowest level in years.

Gold Price Outlook: Bullish Breakout Gathers Pace, Fed Opening Door to Rate Cut

Posted: 31 May 2019 03:00 AM PDT

Gold prices have continued its bullish momentum, break of key pivotal resistance needed to extend gains. Fed may be opening the door to a rate cut.

FTSE 100 Outlook – Looking to Break the 200-day, Pattern Neckline

Posted: 31 May 2019 01:15 AM PDT

The FTSE is currently testing a big area, with a break seen as leading the index towards several layers of support lower.

Crude Oil Prices May Fall Further on Trade Wars, Oversupply Fears

Posted: 30 May 2019 11:30 PM PDT

Crude oil prices may continue to fall after hitting a three-month low as trade war escalation weighs on the outlook for demand even as US inventories swell.

Euro Braces for Italy GDP, Political Peril: Snap Election Ahead?

Posted: 30 May 2019 11:30 PM PDT

The Euro will be nervously eyeing Italian GDP as Rome and Brussels spar over budget rules and political-infighting may lead to a snap election.

Nikkei 225 Sinks With Mazda Stock, Wall Street Faces Volatility

Posted: 30 May 2019 10:00 PM PDT

The Nikkei 225 was weighed down by automotive shares such as Mazda Motor Corp. The US threatened tariffs on Mexico. Risk aversion may fuel volatility, but Fed rate cut bets may calm stocks.

EURUSD Chart Analysis: Euro at Trend-Defining Support - Now What?

Posted: 30 May 2019 08:49 PM PDT

The Euro is testing pivotal support above the 1.11 figure against the US Dollar once again, with performance here likely to be decisive for the broader price trend.

USD Aims Up as Trade Wars Fuel S&P 500 Volatility. Fed Cut Ahead?

Posted: 30 May 2019 08:30 PM PDT

The US Dollar may rise as trade war fears creep higher, fueling S&P 500 volatility and demand for safe havens. The Fed helped equities bottom last year, will it save the day again?

Dow Struggles for Follow Through on Key Break, Dollar’s Climb Defies Gravity

Posted: 30 May 2019 07:27 PM PDT

After making a critical break lower, the US equity indices have prompted frustration and confusion by stalling immediately in their effort to developing a bearish trend. Perhaps trade wars and growth concerns will provoke follow through.

BRL Eyeing Unemployment, Debt Data After GDP Boosts Local Stocks

Posted: 30 May 2019 06:30 PM PDT

The Brazilian Real and benchmark Ibovespa equity index will be closely watching the release of local unemployment and debt data after GDP surprised markets.

AUDUSD Slides As China Manufacturing PMI Returns To Contraction

Posted: 30 May 2019 05:59 PM PDT

The Australian Dollar came under yet more pressure on news that Chinese manufacturing output fell in May, ending a tentative recovery

Yen Up, Trump Threatens Tariffs on Mexico, USMCA Approval in Doubt?

Posted: 30 May 2019 04:30 PM PDT

The S&P 500 sinks, Japanese Yen gains after Donald Trump threatened import tariffs on Mexico, throwing a curveball on USMCA ratification prospects, opening up another trade war front.

Slowdown in China PMI to Keep AUDUSD Under Pressure Ahead of RBA

Posted: 30 May 2019 04:30 PM PDT

Updates to China’s Purchasing Managers Index (PMI) may keep AUD/USD under pressure as the gauge is expected to indicate a contraction in manufacturing activity.

Crude Oil Price Sinks 4.5% as Bullish Conviction Ebbs

Posted: 30 May 2019 02:27 PM PDT

Commodity traders sent oil prices plunging on Thursday as uninspiring crude inventory data reignited oversupply concerns, dealing the latest blow to bullish sentiment.

S&P 500 Sector Performances Highlight Prevailing Headwinds

Posted: 30 May 2019 02:00 PM PDT

At the beginning of the month, we looked at the “Sell in May and Go Away” anomaly. With May ending, here’s a recap of sector performances of the S&P 500 over the period.

Currency Volatility: USDCAD, EURCAD, CADJPY Eyed Post BOC

Posted: 30 May 2019 12:24 PM PDT

CAD currency crosses are highlighted post BOC with the Canadian Dollar prone to heightened price action ahead of Friday's high-impact economic data due for release.

China’s Next Trade Weapon in the Ongoing US-China Trade War

Posted: 30 May 2019 10:30 AM PDT

Recent visits of the Chinese President to rare earths manufacturing plants seem to suggest that China is planning to use these materials as a bargaining chip against the US.

Gold Prices Continue to Coil as Range Breakout Lingers

Posted: 30 May 2019 10:15 AM PDT

Gold 1-month implied volatility hit a fresh all-time closing low yesterday, but Gold prices have stopped falling. A bullish sign for bullion?

Canadian Dollar Price Outlook: USD/CAD Breakout Stalls- Loonie Levels

Posted: 30 May 2019 08:30 AM PDT

A breaking out of a multi-week range in Loonie has taken price into confluence resistance near six-month highs. Here are the levels that matter on the USD/CAD charts.
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