DailyFX - Feeds all

DailyFX - Feeds all

Kiwi Weekly Price Outlook: NZD/USD Reversal to Threaten Yearly Lows

Posted: 14 Jun 2019 08:00 AM PDT

Kiwi is down more than 2% this week with the pullback targeting major support just lower. These are the levels that matter on the NZD/USD weekly chart.

Canadian Dollar Price Outlook: USDCAD Retrace to Key Chart Resistance

Posted: 14 Jun 2019 06:30 AM PDT

USDCAD had a brutal start to the month of June, but over the past week shown continued signs of recovery. But bearish potential may still remain on a bigger-picture basis.

USDJPY: Net-Short Positions Increased by 20% from Last Week

Posted: 14 Jun 2019 06:18 AM PDT

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.

GBPUSD: 79.2% of Traders are Net-Long Suggesting Continued Depreciation of Sterling against the Dollar

Posted: 14 Jun 2019 06:14 AM PDT

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.

EURUSD: Net-Short Positions Increased by 28.2% from Last Week

Posted: 14 Jun 2019 06:11 AM PDT

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.

US Dollar Rises on Retail Sales, Gold and JPY Gain on Safe-Haven Flows - US Market Open

Posted: 14 Jun 2019 05:45 AM PDT

USD firms after robust retail sales, while softer economic outlook boosts safe-havens, gold and Japanese Yen.

Dollar, Euro, WTI Crude Oil, and Gold Price Chart Set-ups for Next Week

Posted: 14 Jun 2019 04:40 AM PDT

Next week the Dollar may be put to the test as it sits close to major support, crude oil acting poorly, and gold knocking on the door of a major breakout.

Dow Jones and S&P 500, Consolidate or Roll Over?

Posted: 14 Jun 2019 04:00 AM PDT

After propelling higher off the monthly low the market is acting well so far, with limited selling resulting in a shallow retracement.

Bitcoin (BTC) Price Probing a Fresh 13-Month High

Posted: 14 Jun 2019 03:27 AM PDT

Recent bullish price-action suggests that Bitcoin is looking to make a new 13-month high above $9,080.

GBP/JPY Price: Bears Need a Break Below the Weekly Support

Posted: 14 Jun 2019 02:35 AM PDT

GBP/JPY correction stalls after UK PM hopeful Boris Johnson roared ahead in the polls, dampening Sterling.

Euro (EUR) Battles Record Low Euro-Zone Inflation Expectations

Posted: 14 Jun 2019 02:30 AM PDT

The single currency remains under downside pressure as 5-yr/5-yr Euro-Zone inflation expectations hit another record low, leaving the ECB in a precarious situation.

Gold Price Analysis: Fresh 2019 Highs Sees 5yr Trendline on Verge of Breaking

Posted: 14 Jun 2019 01:10 AM PDT

Gold prices jumped following a break above the YTD high, focus now on a break of trendline resistance that has been in place 2014. Fed decision next week will be pivotal.

EURUSD May Fall on US Retail, Sentiment Data. GBP Eyeing Carney

Posted: 13 Jun 2019 11:30 PM PDT

Growing demand for liquidity amid risk aversion may pull EURUSD lower even if US data underperforms and tilts the Fed to a more dovish disposition. GBP eyeing BoE’s Mark Carney.

Crude Oil Prices May Fall as Soft US Data Compounds Risk Aversion

Posted: 13 Jun 2019 10:00 PM PDT

Crude oil prices rose amid worries about an escalating conflict between the US and Iran, but soggy economic data might weigh as global slowdown fears cool demand bets.

Asian Stocks Mixed As US, Iran Trade Accusations Over Tanker Attacks

Posted: 13 Jun 2019 09:36 PM PDT

Regional equity had a narrow and mixed session Friday with Middle Eastern tensions back to the fore. Pro-risk currencies struggled much more obviously.

AUDUSD Chart Analysis: Aussie Dollar Resumes Downtrend, Eyes 0.67

Posted: 13 Jun 2019 08:30 PM PDT

The Australian Dollar looks to have resumed the downtrend against its US counterpart, with chart positioning warning of a decline to test the 0.67 figure ahead.

NZDUSD, AUDUSD Tumble to Support. RBNZ, RBA Rate Cut Bets Deepen

Posted: 13 Jun 2019 08:00 PM PDT

The NZDUSD and AUDUSD are tumbling to support as increasingly dovish RBNZ and RBA monetary policy bets are undermining their appeal, boosting the Japanese Yen as carry trades unwind.

Will EURUSD Draw Some of the Trade War Winds from the Dow?

Posted: 13 Jun 2019 07:49 PM PDT

Trade wars are once again at the top of the headlines – and not as a backdrop for bulls to take advantage. Will Trump ease off the pressure at US companies’ please or will he look to expand the engagement even further?

USDCAD Rate Rebound Fizzles Ahead of US Retail Sales Report

Posted: 13 Jun 2019 06:25 PM PDT

The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.

AUDCAD Eyes October Low, Crude Oil Prices Rise on US-Iran Tension

Posted: 13 Jun 2019 04:30 PM PDT

AUDCAD closed at its lowest since October on Middle East geopolitical concerns as the Canadian Dollar rose with crude oil prices. The Australian Dollar is eyeing Chinese data ahead.

Trump Trade War Faces Domestic Pressure from US Business

Posted: 13 Jun 2019 03:05 PM PDT

A letter signed by over 600 businesses was sent to the White House protesting the President’s approach to the US-China trade war, urging him to end the economic conflict.

AUDUSD & Nasdaq 100 Price Outlook: Huawei Offers Opportunity

Posted: 13 Jun 2019 02:00 PM PDT

Huawei’s blacklisting saw an immediate adverse market reaction, but as the dust settles, Huawei will begin to feel further pressure – as will its US suppliers.

Gold Prices May Be Set to Resume Rally to Fresh 2019 Highs

Posted: 13 Jun 2019 12:30 PM PDT

Gold prices had been on a tear up until a week ago. After moving sideways for the past several days, the rally by gold prices may be ready to resume.

Near-term Trade Setups in USD/CAD and EUR/USD

Posted: 13 Jun 2019 12:03 PM PDT

An update on near-term trade setups we've been tracking in Loonie (USD/CAD) and Euro (EUR/USD). These are the targets and invalidation levels that matter this week.

FX Price Action Setups in EUR/USD, GBP/USD, USD/CAD and AUD/USD

Posted: 13 Jun 2019 12:00 PM PDT

Next week brings the FOMC for the June rate decision - but can the bank's forecasts meet the market's demands around future rate cuts?
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