DailyFX - Feeds all

DailyFX - Feeds all

US Dollar Price Outlook: USD Bounces from Key Confluent Support

Posted: 10 Jun 2019 07:00 AM PDT

The US Dollar is coming off of a brutal week, but buyers have shown up to provide support around a key level on the chart. Can they maintain control?

USD Bounces Off 200DMA, MXN Rallies as Trump Suspends Tariffs - US Market Open

Posted: 10 Jun 2019 05:35 AM PDT

Mexican Peso outperforms on tariff suspension, USD finds comfort from 200DMA, while GBP slumps on weak GDP.

Weekly Technical Forecast: Dow and Gold Build Pressure to Clear Important Highs as EURUSD Reverses

Posted: 10 Jun 2019 05:30 AM PDT

There is as much potential built into the upcoming week than there was progress earned over this previous period. The Dow and S&P 500 extended a drive that finally drew in more risk assets and has bulls looking for fresh records. At the same time, gold is aiming for a break from a 5-year pattern and EURUSD may have finally reversed a year-long bear trend.

Weekly Trading Forecast: Risk Appetite Returns on Central Bank Promises Rather Than Growth Prospects

Posted: 10 Jun 2019 05:30 AM PDT

Trade wars persist and the outlook for global growth is slowly eroding, yet that may inadvertently prove the charge that speculative investors have sought. With core and external risks rising, calls for the central banks to step into to provide relief have risen to a fever pitch. After the Fed Chair’s remarks last week, the market’s assumption of another infusion has clearly taken over.

Gold Bulls Soar, Copper Shorts at Record High, Oil Longs Decline - COT Report

Posted: 10 Jun 2019 04:35 AM PDT

Gold bulls surged as rising Fed rate cut bets spur demand for the precious metal. Fragile economic environment sees Copper shorts at record highs.

EURUSD Price - Bulls Clash with Technical Resistance

Posted: 10 Jun 2019 04:00 AM PDT

The Euro continues its battle with the US dollar and may push higher if the 200-day moving average finally gives way.

Pound Sterling Price Analysis: GBP/JPY Important Resistance Levels

Posted: 10 Jun 2019 02:30 AM PDT

GBP/JPY has been trading higher since the start of June. Here are the key technical levels to watch.

US Dollar at Tipping Point, EURUSD Has Big Squeeze Potential

Posted: 10 Jun 2019 02:30 AM PDT

The USD index is at confluent support for now; the Euro on the verge of pushing strongly higher and the DXY lower.

GBPUSD Slumps, Data Highlights Economic Weakness, Brexit Fears

Posted: 10 Jun 2019 01:57 AM PDT

GBPUSD fell back below 1.2700 after recently released economic data highlighted the ongoing, Brexit-related, weakness in the U economy.

EUR and JPY Shorts Cut as USD Bulls Scale Back - COT Report

Posted: 10 Jun 2019 01:00 AM PDT

USD long positioning pulled back as investors covered EUR and JPY short positions, while GBP sentiment continued to deteriorate as shorts rise to highest since late January.

Gold Price Outlook Remains Positive, Silver Price Struggling with Resistance

Posted: 10 Jun 2019 01:00 AM PDT

Gold opens the week slightly lower, but the chart still retains its positive bias with supportive technical. Silver's recent rally has come to an end an the 200-day moving average is capping the upside for now.

Euro, US Dollar May Ignore Local Data - Attention on External Shocks

Posted: 09 Jun 2019 11:30 PM PDT

The relatively sparse economic docket in Europe and the US will leave the Euro and US Dollar exposed to external event risk.

Crude Oil Prices Up, Gold Down as Markets Cheer US-Mexico Detente

Posted: 09 Jun 2019 10:00 PM PDT

Crude oil prices rose with stocks while gold prices fell as the US Dollar rose with bond yields after the White House shelved a plan to impose tariffs on Mexico.

Asian Stocks Boosted By Auto Names On US-Mexico Trade Hopes

Posted: 09 Jun 2019 09:33 PM PDT

A combination of stronger local economic data and hopes that further tariffs against Mexico can be avoided served to lift Asian equity.

SEK, NOK Brace for CPI Data, Brexit and European Political Peril

Posted: 09 Jun 2019 08:30 PM PDT

The cycle-sensitive Swedish Krona and Norwegian Krone will be on the edge ahead of critical inflation data and increasingly dangerous political peril in Europe.

AUD Market May Find Bar To Deeper Rate Cuts Very High Indeed

Posted: 09 Jun 2019 07:00 PM PDT

The Australian Dollar market has already seen one rate cut, and it’s betting on at least one more. It may get that one, but the bar to deeper reductions could be higher than investors think.

Dollar Drops Versus SGD, IDR on Fed Rate Cut Bets. China Trade Eyed

Posted: 09 Jun 2019 05:30 PM PDT

The US Dollar may extend declines versus its ASEAN peers as bets on a July Fed rate cut increase - markets now eyeing US CPI and retail sales data. China trade is eyed to gauge the impact of US tariffs.

Canadian Dollar Gaps Up, Yen Drops as US Shelves Mexico Tariffs

Posted: 09 Jun 2019 04:00 PM PDT

The Canadian Dollar gapped higher while the anti-risk Yen fell as markets reacted to reports that the US will shelve planned tariffs on imports from Mexico.

US Dollar Weekly Forecast: Rising Fed Rate Cut Odds Sink US Dollar; May US Inflation Report Due

Posted: 09 Jun 2019 04:00 PM PDT

With the Federal Reserve policymakers in their quiet period ahead of the June 18-19 FOMC meeting, traders will rely on news flow around the various trade wars in which the US is involved.

Canadian Dollar, MXN May Gap After Trump Suspended Mexico Tariffs

Posted: 09 Jun 2019 12:00 PM PDT

The Mexican Peso and Canadian Dollar may gap and appreciate after US President Donald Trump “indefinitely suspended” tariff threats on Mexico. How will this impact USD/CAD declines?

Weekly Technical Forecast: Dow and Gold Build Pressure to Clear Important Highs as EURUSD Reverses

Posted: 09 Jun 2019 09:00 AM PDT

There is as much potential built into the upcoming week than there was progress earned over this previous period. The Dow and S&P 500 extended a drive that finally drew in more risk assets and has bulls looking for fresh records. At the same time, gold is aiming for a break from a 5-year pattern and EURUSD may have finally reversed a year-long bear trend.

Weekly Trading Forecast: Risk Appetite Returns on Central Bank Promises Rather Than Growth Prospects

Posted: 09 Jun 2019 09:00 AM PDT

Trade wars persist and the outlook for global growth is slowly eroding, yet that may inadvertently prove the charge that speculative investors have sought. With core and external risks rising, calls for the central banks to step into to provide relief have risen to a fever pitch. After the Fed Chair’s remarks last week, the market’s assumption of another infusion has clearly taken over.
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