DailyFX - Feeds all

DailyFX - Feeds all

Crude Oil Price Test of Downtrend May Determine USDCAD’s Next Move

Posted: 11 Jun 2019 07:48 AM PDT

USDCAD losses in recent days have coincided with an uptick in crude oil prices. Will they continue?

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

Posted: 11 Jun 2019 05:41 AM PDT

The US Dollar has finally found some element of support at a key Fibonacci level which is confluent with the 200-day moving average. Can it hold?

Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms - US Market Open

Posted: 11 Jun 2019 05:40 AM PDT

JPY on the backfoot once again as risk appetite sees equity markets bid, GBP briefly breaks 1.27 on firm jobs data, while NOK outperforms ahead of next week’s Norges Bank rate rise.

GBPUSD, AUDUSD, Gold, and More - Technical Outlook

Posted: 11 Jun 2019 04:30 AM PDT

The Dollar is sitting on substantial support, but will it hold? AUD and GBP have opposing looks to one another versus USD, while gold has major resistance to contend with.

Currency Volatility: EURUSD, AUDUSD, USDTRY Weekly Outlook

Posted: 11 Jun 2019 04:05 AM PDT

Weak US data and rising Fed rate cut bets see EURUSD risk reversals at highest in over a year, while AUDUSD vols jump ahead of key jobs report.

EURUSD Price Outlook Cloudy - ECB’s Rehn Talks Rate Cuts and More QE

Posted: 11 Jun 2019 03:30 AM PDT

The ECB remains ready to adjust monetary policy, including lowering interest rates and re-starting QE, if conditions dictate, according to governing council member Olli Rehn.

Trading Reversals with the Harami Candlestick

Posted: 11 Jun 2019 02:45 AM PDT

Reversal strategies are risky, but a Harami candlestick can be used to help pick a point of entry in a reversal. Find out more…

EUR/JPY Eying the Higher End of the Current Trading Range

Posted: 11 Jun 2019 02:30 AM PDT

EUR/JPY recovered 1.4% of its value last week after printing its lowest level in six months. Here are the significant resistance levels the pair may encounter in its rally.

DAX 30 & CAC 40 Technical Outlook Generally Positive

Posted: 11 Jun 2019 02:30 AM PDT

The DAX has resistance levels to trade through, but could soon be at new yearly highs; CAC is lagging behind and if Europe stalls it is set up to lead lower.

GBPUSD Price Outlook: Firm UK Jobs Data Emboldens BoE Hawks

Posted: 11 Jun 2019 01:55 AM PDT

GBPUSD lifted on robust UK jobs report, however, lack of clarity regarding Brexit reduces the likelihood of a BoE rate rise this year.

Crude Oil Price Outlook - OPEC Support Confronts Technical Resistance

Posted: 11 Jun 2019 01:00 AM PDT

Crude oil is likely to trade in a reasonably tight trading range over the next few days as positive OPEC production talk underpins oil, while on the charts resistance looks unyielding.

USDCAD Bull Trend Unravel, RSI Approaches Oversold Territory

Posted: 10 Jun 2019 11:30 PM PDT

USDCAD stands at risk of exhibiting a more bearish behavior ahead of the FOMC rate decision on June 19 as the exchange rate snaps the upward trend from earlier this year.

GBP Braces Ahead of Unemployment Data - NOK May Fall on Local CPI

Posted: 10 Jun 2019 11:30 PM PDT

Sterling will be casting a worried eye ahead of UK unemployment data after a dismal cascade of reports and NOK may fall on CPI amid falling crude oil prices.

S&P 500 Outlook Mixed as Stocks Rally on US-China Trade Deal Bets

Posted: 10 Jun 2019 10:00 PM PDT

The Shanghai Composite and ASX 200 rose, perhaps owing to US-China trade deal bets after Trump found resolution with Mexico. The S&P 500 is facing indecision which may lead to a top.

Gold Price Chart Hints Reversal Lower May Be Brewing Ahead

Posted: 10 Jun 2019 10:00 PM PDT

Gold price chart positioning hints that the metal might be preparing to turn lower after hitting a four-month high. US PPI inflation data is on tap.

NZD Slips Could Be Worth Buying Against Macro Risk Backdrop

Posted: 10 Jun 2019 09:57 PM PDT

The New Zealand Dollar is likely to offer smaller but tempting yields in a world where US rates reverse course. This possibility may not yet be priced in.

ASX 200 Could Revisit Record Peaks If Fed Nurtures Risk Revival

Posted: 10 Jun 2019 08:30 PM PDT

The ASX 200 has had a good (trade) war, despite its clear links to both main protagonists, China and the US. It could do even better should US rates head down again.

Both Dow and Peso Jump on US-Mexico Deal, But Can They Continue?

Posted: 10 Jun 2019 07:34 PM PDT

An emergent front on the global trade war has de-escalated before it could amplify the crisis, but is a US-Mexico deal fundamental traction enough to extend Fed speculation and questionable GDP forecast for record highs on the Dow?

AUDUSD Rebound Fizzles as Trump Fires Warning Shots on China Tariff

Posted: 10 Jun 2019 07:00 PM PDT

AUDUSD struggles to hold its ground even though the NAB Business Confidence survey improves in May as the Trump administration keeps the door open to boost tariffs on China.

USDNOK Wobbling at Critical Support. USDSEK Recovery Ahead?

Posted: 10 Jun 2019 05:30 PM PDT

USDNOK is coming dangerously close to breaking below 15-month rising support, leading to fears of a potential reversal of the dominant uptrend. After retreating, USDSEK may be starting to recover.

US Dollar Saved by Rising Support, GBP Plummets on Dismal UK Data

Posted: 10 Jun 2019 04:00 PM PDT

The US Dollar downtrend paused, saved by rising trend support, as Fed rate cut bets cooled on fading US-Mexico trade tensions. GBP sunk on largest contraction in manufacturing data since 2002.

USO & BIL ETF Demand Driven by Oil Recovery, Rate Cut Odds

Posted: 10 Jun 2019 02:30 PM PDT

A minor recovery in the price of crude oil has spurred investors to pick up shares of the USO ETF while an uncertain outlook for the future has spurred demand for short-term debt.

Gold Price Challenges Resistance; Crude Oil Prices Appear Heavy

Posted: 10 Jun 2019 01:43 PM PDT

Gold prices briefly popped to highest levels in 14 months. Meanwhile, crude oil appears to trade in a bearish impulse wave that is incomplete.

Canadian Dollar Price Outlook: Loonie Breakout Tests USD/CAD Support

Posted: 10 Jun 2019 11:32 AM PDT

Loonie has rallied more than 2.2% against the US Dollar with price now testing initial support targets. Here are the levels that matter on the USD/CAD price charts.

Gold Price Pullback the Start of a Healthy Correction as US Dollar Rebounds

Posted: 10 Jun 2019 11:10 AM PDT

Given recent technical observations about the state of the gold price rally, the turn in sentiment around US-led trade wars is quite a coincidence.
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