DailyFX - Feeds all

DailyFX - Feeds all

USDCAD Bullish Breakout in Focus as Crude Oil Price Decline Deepens

Posted: 07 May 2019 07:40 AM PDT

With oil prices turning lower once more, the Canadian Dollar is back under pressure. USDCAD’s recent symmetrical triangle could yield a topside breakout.

EURUSD Fails to Break Higher After EU Economic Forecast Downgrades

Posted: 07 May 2019 07:30 AM PDT

The EURUSD remains below the 1.12 handle after the release of the EU’s economic forecasts provides little sense of direction, as traders remain wary about weakening growth and Italy’s budget deficit crisis. EU growth forecasts have been downgraded to 1.4% in 2019 and 1.6% in 2020.

Dollar Looking Higher: EURUSD, NZDUSD, USDCHF Charts

Posted: 07 May 2019 07:23 AM PDT

The Dollar is trying to reassert itself against several major currencies, as long as recent swing levels hold then so should a USD bullish bias.

USD Supported on Global Risk Aversion, EUR & GBP Drop - US Market Open

Posted: 07 May 2019 06:00 AM PDT

USD firmer on trade war tensions, AUDUSD outperforms on RBA inspired short squeeze, while GBP pares Friday’s rally. Eyes on cross-party talk outcome.

Euro Price Outlook: EUR/USD Holds Resistance, EUR/JPY Falls From Gap

Posted: 07 May 2019 06:00 AM PDT

The Euro is heading lower today, but is this the backdrop for bears to take-control?

GBPUSD Price Outlook Poor on Brexit Talks Pessimism

Posted: 07 May 2019 04:45 AM PDT

No Brexit breakthrough in the talks between the UK Government and the Opposition is likely this week, and that could put downward pressure on GBPUSD and the GBP crosses.

US-China Trade Talks: Concern Damages Market Sentiment | Webinar

Posted: 07 May 2019 04:40 AM PDT

Comments by US President Donald Trump at the weekend that he would raise tariffs on Chinese goods by the end of the week have increased worries about the US-China trade talks.

FTSE Technical Outlook – Breaking Trend Support, March Swing-high

Posted: 07 May 2019 03:15 AM PDT

The FTSE continues to probe trend support along with a prior high from March; a push off of it within the next couple days may start another leg higher.

Gold Price Nudging Support, Silver Price Hitting Technical Resistance

Posted: 07 May 2019 02:20 AM PDT

Gold is looking at old horizontal support to fuel a short-term push higher, while silver continues to battle with 200-day ma resistance.

COT Report: USD Bullish Bets at Multi-Year Highs, NZDUSD Net Shorts Doubled

Posted: 07 May 2019 02:05 AM PDT

Investors continued to increase their net long exposure in the USD index with the bullish positioning near $40bln. NZDUSD net shorts doubled, while GBP long positions are liquidated.

Crude Oil Price - US President Trump Stoking Oil Volatility

Posted: 07 May 2019 01:00 AM PDT

Crude oil traders just need to watch US President Trumps Twitter feed to see the next market move, while technical traders will look at price action around a noted Fibonacci level.

Gold Price Chart Hints at Downside Bias Amid Conflicted Trade

Posted: 06 May 2019 11:30 PM PDT

Gold prices are struggling to establish lasting direction as the US Dollar and benchmark bond yields diverge but the chart setup hints at a broadly bearish bias.

Australian Dollar Leaps As RBA Leaves Rates On Hold, Eyes Labor Market

Posted: 06 May 2019 09:31 PM PDT

The Australian Dollar got a boost from the RBA's decision to leave interest rates alone. The central bank is keeping a wary eye on the country's still-strong job creation.

AUDUSD Outlook Hinges on RBA Meeting Amid Bets for 25bp Rate-Cut

Posted: 06 May 2019 08:30 PM PDT

The Reserve Bank of Australia (RBA) interest rate decision may trigger increased volatility in the AUD/USD exchange rate amid speculation for a 25bp rate-cut.

ASX 200 Retreats Modestly But Longer-Term Uptrends Still Endure

Posted: 06 May 2019 07:00 PM PDT

The ASX 200 is flirting with the bottom of its recent trading range, but it still looks quite comfortable close to it s highs for the year.

AUD/USD Chart Analysis: Bounce Hinted Before RBA Rate Decision

Posted: 06 May 2019 05:30 PM PDT

The Australian Dollar has struggled to sustain downside progress after touching four-month lows. The chart setup now hints a bounce as the RBA rate decision looms ahead.

AUD/USD Breakout Attempt Eyes RBA, US-China Trade War for Retest

Posted: 06 May 2019 04:30 PM PDT

The AUD/USD’s attempt to breakout lower eyes a potential RBA rate cut and renewed US-China trade war fears. Japanese markets are coming back online, Nikkei 225 may fall as Yen gains.

S&P 500 Price Outlook: Trade War Threats Look to Derail Rebound

Posted: 06 May 2019 02:38 PM PDT

After gapping lower at the open, US equities staged an impressive comeback as the session progressed. Although off the highs, volatility – reflected by the VIX – remained heightened into the close.

FX Week Ahead - Top 5 Events: RBA & RBNZ Meetings; UK GDP; Canada Jobs; US Inflation

Posted: 06 May 2019 01:30 PM PDT

With the May Fed meeting and April US NFP report in the rearview mirror, attention turns away from the United States for most of the first full week of May.

Top 5 Events: April US Inflation Report & EURUSD Price Forecast

Posted: 06 May 2019 12:15 PM PDT

The April US Consumer Price Index is due on Friday, May 10 at 12:30 GMT.

Top 5 Events: April Canada Jobs Report & USDCAD Price Forecast

Posted: 06 May 2019 11:45 AM PDT

The April Canada jobs report (detailing the employment change and unemployment rate) is due on Friday, May 10 at 12:30 GMT.

Currency Market Volatility Surges on Trump Tariffs, AUD Eyes RBA

Posted: 06 May 2019 11:38 AM PDT

Volatility struck forex markets when President Trump stated the US will increase tariffs on China as trade talks intensify. Meanwhile, AUD currency traders await a possible rate cut from the RBA.

Top 5 Events: Q1’19 UK GDP & GBPUSD Price Forecast

Posted: 06 May 2019 11:10 AM PDT

The Q1’19 UK GDP report is due on Friday, May 10 at 08:30 GMT; consensus forecasts foresee a rebound in both quarterly and yearly growth rates.

S&P 500: Price Moved by 14.9% Since January 7

Posted: 06 May 2019 10:20 AM PDT

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

Top 5 Events: May RBNZ Meeting & NZDUSD Price Forecast

Posted: 06 May 2019 10:20 AM PDT

The Reserve Bank of New Zealand meets on Wednesday, May 8 at 02:00 GMT; rates markets are pricing in a 51% chance of a 25-bps rate cut.
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)