DailyFX - Feeds all

DailyFX - Feeds all

Weekly Technical Forecast: Dow, Dollar and Oil Suffer Varying Degrees of Reversal

Posted: 03 Jun 2019 07:30 AM PDT

A slow turn in a host of benchmark assets this past week hit a flash point Friday with dramatic consequences. The US indices have triggered head-and-shoulders reversal patterns, oil dove beyond midpoint of its December to April rally and the usual safe haven Dollar checked lower. What do the charts say are in store next week?

Gold Price Outlook: Gold Breaks Out, Goes Overbought - Levels to Know

Posted: 03 Jun 2019 06:30 AM PDT

Gold prices are starting June by continuing Friday's bullish breakout. With RSI going overbought and beginning to diverge, can bulls continue to push?

USD Soft on Rising Fed Rate Cut Bets, AUDUSD Eyes RBA Rate Cut - US Market Open

Posted: 03 Jun 2019 06:05 AM PDT

The greenback is on the backfoot to begin the week as falling US yields and rising bets of Fed easing weigh on the USD. AUD risks short squeeze if RBA fail to meet aggressive dovish pricing.

EUR Price Forecast: EUR/JPY Bearish Momentum Might Be Nearing its Final Stage

Posted: 03 Jun 2019 06:00 AM PDT

EUR/JPY resumed its downward move after days of seller’s hesitation. Here are key technical levels the pair may likely encounter in the coming days.

Weekly Trading Forecast: How Will Risk Trends and Dollar Fare as Trade Wars Escalate?

Posted: 03 Jun 2019 05:30 AM PDT

Disparate fundamental themes are starting to coalesce into a clear sense of general risk aversion.

Sterling (GBP) Week Ahead: Risk, Brexit, NFPs and Flashing Signals

Posted: 03 Jun 2019 05:00 AM PDT

Crude Oil Bulls Exit, Copper and Silver Downtrend Persist - COT Report

Posted: 03 Jun 2019 04:40 AM PDT

Hedge funds have continued to exit their bullish positioning in the Brent crude oil. Coppers shorts hovering around 2019 and 2018 peak.

FX Week Ahead Webinar: RBA Meeting, Eurozone Inflation, ECB Meeting, Canada & US Jobs

Posted: 03 Jun 2019 04:30 AM PDT

The second to last week of May brings central banks and inflation data into focus.

AUDUSD Sentiment Most Bearish Since 2015, GBPUSD Shorts Soar - COT Report

Posted: 03 Jun 2019 04:00 AM PDT

Bullish positioning in the USD saw a marginal uptick ($200mln rise) with net long positioning edging back towards its recent peak vs G10 currencies.

EURUSD Price Outlook Could Go from Quiet to Explosive

Posted: 03 Jun 2019 03:29 AM PDT

The Euro has been quiet while other major currencies have been on the move, but with a descending wedge nearing completion that could soon change…

S&P 500 and Dow Jones Weakness Failing to Result In a VIX ’Event’

Posted: 03 Jun 2019 02:30 AM PDT

The market continues to roll lower out of a topping pattern, watch how the VIX reacts in the days ahead...

Sterling (GBP) Manages to Continue its Recovery Despite Dismal UK Manufacturing PMI

Posted: 03 Jun 2019 02:00 AM PDT

The Pound was marginally stronger against all currency pairs despite UK Manufacturing PMI data coming in much worse than expected. Brexit stockpiling wind down was expected.

Crude Oil Price Outlook Remains Fragile - Will Near-Term Support Hold?

Posted: 03 Jun 2019 01:00 AM PDT

Crude oil‘s sharp sell-off has halted in the short-term as the market hits support off an important Fibonacci level.

Gold Prices Eye ISM Data as USD Weighs Fed Outlook, Haven Demand

Posted: 02 Jun 2019 11:30 PM PDT

Gold prices’ scope to build on recent gains hinges on the Dollar as it weighs conflicting cues from Fed rate cut bets and haven demand. Manufacturing ISM data is in focus next.

Japanese Yen Outperforms on Rising Trade Tension, Falling US Yields

Posted: 02 Jun 2019 10:30 PM PDT

The Japanese Yen outperforms its major counterparts, with USD/JPY snapping the range-bound price action as there appears to be a material change in risk-taking behavior.

Asia Stocks Wilt As Mexico Tariffs Add To US-China Trade War Woes

Posted: 02 Jun 2019 10:00 PM PDT

Global trade was again to the fore in Asia Pacific stock trading with increased US barriers against Mexico. This week may offer some respite from the subject, but it’s unlikely to last.

USD May Rise as Singapore Dollar Falls, Philippine Peso Eyes CPI

Posted: 02 Jun 2019 08:30 PM PDT

The US Dollar may benefit from haven demand against the backdrop of trade war fears, gaining against the Singapore Dollar and Malaysian Ringgit. The Philippine Peso eyes local CPI data.

AUDUSD Hits 2-Week High As China Caixin PMI Holds Up, RBA Eyed

Posted: 02 Jun 2019 06:50 PM PDT

The Australian Dollar got a lift from a private survey of Chinese manufacturing which showed more fight than its official predecessor of last week.

EURUSD Rate Consolidates Ahead of ECB Amid Failure to Test April-Low

Posted: 02 Jun 2019 05:30 PM PDT

EUR/USD fails to test the May-low (1.1107) ahead of the ECB meeting on June 6, with the exchange rate snapping the series of lower highs and lows from the previous week.

CAD at Risk After US-Mexico Trade War Fears Erupted, US Dollar Sunk

Posted: 02 Jun 2019 04:00 PM PDT

The Canadian Dollar sunk with crude oil prices as USD/CAD risks a reversal. US-Mexico trade war fears fueled market volatility as the S&P 500 concluded its worst week in 2019 yet.

Gold Price Weekly Forecast: Outlook Bolstered as Global Equities Falter, Gold Volatility Rises

Posted: 02 Jun 2019 12:00 PM PDT

With risk appetite deteriorating amid rising trade war concerns, sovereign bond yields have dropped around the developed world, creating a fundamentally bullish situation for gold prices: falling real yields.

Weekly Technical Forecast: Dow, Dollar and Oil Suffer Varying Degrees of Reversal

Posted: 02 Jun 2019 09:00 AM PDT

A slow turn in a host of benchmark assets this past week hit a flash point Friday with dramatic consequences. The US indices have triggered head-and-shoulders reversal patterns, oil dove beyond midpoint of its December to April rally and the usual safe haven Dollar checked lower. What do the charts say are in store next week?

Weekly Trading Forecast: How Will Risk Trends and Dollar Fare as Trade Wars Escalate?

Posted: 02 Jun 2019 09:00 AM PDT

Disparate fundamental themes are starting to coalesce into a clear sense of general risk aversion.
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