DailyFX - Feeds all

DailyFX - Feeds all

Gold Price Breakout Nears 2019 High but Rally May Be Exhausted Soon

Posted: 05 Jun 2019 07:25 AM PDT

The last times gold prices rallied this far this fast, markets soon entered periods of consolidation and digestion.

USD Extends Losses on Weak ADP, Posing Downside Risks to NFP - US Market Open

Posted: 05 Jun 2019 05:35 AM PDT

USD soft following yesterday’s dovish commentary from Fed Chair Powell, while the weakest ADP report in 9yrs exacerbated USD weakness.

Canadian Dollar Price Outlook: Loonie Strength, USD/CAD to Support

Posted: 05 Jun 2019 05:30 AM PDT

USDCAD has been through a busy week, falling back from last week's BoC-fueled bullish breakout, now testing a key area of confluent support.

Dow Jones & DAX Nearing Resistance; Crude Oil Charts & More

Posted: 05 Jun 2019 04:30 AM PDT

Bounces in indices have brought resistance levels into focus, while crude oil remains stuck in the mud despite oversold conditions.

US Dollar (USD) Price Weakness Continues as Global Growth Prospects Sour

Posted: 05 Jun 2019 04:00 AM PDT

The US dollar basket (DXY) continues to fall and nears an important support level. With US payroll data (NFPs) released on Friday, will this technical level be respected?

Gold Prices Outlook: Don’t Get Too Excited Yet, Been Here Before

Posted: 05 Jun 2019 02:30 AM PDT

Gold is rallying towards a major long-term threshold we saw not long ago; will it respond as it did before, or could we finally see a breakout?

GBP/JPY Bearish Momentum Fades as Support Levels Hold

Posted: 05 Jun 2019 02:00 AM PDT

GBP/JPY has been trading lower for nearly one month. Here are the significant levels the pair need to break below to continue its bearish move

GBPUSD Price Pops Higher on UK Data Beat, Weak US Dollar

Posted: 05 Jun 2019 01:55 AM PDT

GBPUSD trades at a 10-day high after the latest UK Services PMI release beat expectations, while the US dollar continues to move lower.

EUR/USD Volatility Risk Captures ECB, Downtrend from 2019 Peak in Focus

Posted: 05 Jun 2019 01:00 AM PDT

EUR/USD implied volatility rises as ECB meeting is captured. Focus on the descending trendline following double-top break.

AUDUSD Risks Larger Rebound as RBA Tames Bets for Rate Cutting Cycle

Posted: 04 Jun 2019 11:35 PM PDT

Recent price action in AUDUSD raises the risk for a larger rebound as the exchange rate carves a series of higher highs and lows following the RBA meeting.

BHP Group Stock Hints Reversal Coming in Australia ASX 200 Index

Posted: 04 Jun 2019 11:30 PM PDT

BHP Group shares are hinting of a top coming in Australia’s ASX 200 benchmark stock index. Trade-war escalation fears are a downside risk amidst an increasingly dovish RBA.

EURUSD Nervously Eyes Eurozone PMI, US ISM Data - Growth in Focus

Posted: 04 Jun 2019 11:30 PM PDT

EURUSD will be closely watching for the outcome of Eurozone PMI and US ISM data, as both economic powerhouses continue to show weakness in the face of a global slowdown.

US-China Trade War Crowns Surprise Winners As World Adapts

Posted: 04 Jun 2019 10:00 PM PDT

Trade conflict is clearly awful for the broad world economy, but some countries are already benefiting from it. More stand to do so. Spotting them early could be profitable.

Gold Price Gains May Be Fleeting as US Dollar Reclaims Haven Bid

Posted: 04 Jun 2019 10:00 PM PDT

Explosive gold price gains may be fleeting as market turmoil continues even as traders run out of room to price in a more dovish Fed, allowing the US Dollar to rebound.

Japanese Yen Stands Tall Across Board As US-China Trade War Rages

Posted: 04 Jun 2019 08:38 PM PDT

The Japanese Yen is now clearly winning its haven battle with the US Dollar with USD/JPY weakness mirrored in a broad range of Yen crosses.

USDNOK Breaks Critical Support - USDSEK Retreats at Alarming Rate

Posted: 04 Jun 2019 08:30 PM PDT

USDNOK and USDSEK are both experiencing retreats at an alarming rate, potentially opening the door to a short-term break in critical support areas.

S&P 500, Dow Return to Technical Tipping Point on Fed Support

Posted: 04 Jun 2019 07:27 PM PDT

Fed Chairman Powell raised a familiar speculative lightning rod Tuesday to leverage a technical incursion on a key Dow level. Is there enough enthusiasm to carry us through or will trade wars and recession fears trip the bulls up?

AUD/USD Near-Term Uptrend Holds On Mixed Q1 Australian GDP Report

Posted: 04 Jun 2019 06:30 PM PDT

The near-term uptrend in AUD/USD held after a mixed first-quarter Australian GDP report, with trade war fears risking resuming weakness in the Aussie Dollar down the road.

Oil Price Forecast: Can OPEC+ Stave Off a Bear Market?

Posted: 04 Jun 2019 05:30 PM PDT

The sharp selloff in the price of crude oil appears to have stalled following fresh remarks from OPEC, with recent price action raising the risk for a larger rebound.

Did USDJPY Bottom? Fed Chair Jerome Powell Calms Markets for Now

Posted: 04 Jun 2019 04:00 PM PDT

The USD/JPY downtrend is at risk after Fed Chair Jerome Powell bolstered market confidence and the S&P 500 had its best day since January. Is this the turnaround for world equities?

BRL, Ibvoespa Rise on Pension Reform Optimism - PMI Data in Focus

Posted: 04 Jun 2019 03:22 PM PDT

The Brazilian Real and Ibovespa will be closely watching the release of local PMI data against the backdrop of growing optimism over the progress in local pension reforms.

AUDUSD, AUDJPY & AUDCAD Eye Aussie GDP Post RBA Cut

Posted: 04 Jun 2019 02:30 PM PDT

The Australian Dollar remains in focus in the wake of the RBA's rate cut with AUDUSD, AUDJPY and AUDCAD price action turning to Wednesday's Aussie GDP report.

Dow Jones, S&P 500 Outlook: Indices Retake Key Technical Support

Posted: 04 Jun 2019 02:00 PM PDT

The Dow Jones and S&P 500 mounted a formidable relief effort in Tuesday trading after a painful end to May, which allowed both indices to reclaim key support.

Bitcoin Price Rally Driven by EM FX - Driver Flips Between CNH & TRY

Posted: 04 Jun 2019 01:00 PM PDT

For the first five months of 2019, cryptocurrency markets largely followed movements in a handful of emerging market currencies. This trend has continued into early-June.

US Dollar Price Action Setups in EUR/USD, GBP/USD and USD/JPY

Posted: 04 Jun 2019 12:00 PM PDT

It's been a stark change-of-pace across the US Dollar over the past three trading days as expectations heat up for rate cuts out of the US later this year.
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)