DailyFX - Feeds all

DailyFX - Feeds all

USD/JPY: Downtrend Is Expected to Continue as Traders Remain Net-Long Since May 2019

Posted: 10 Jul 2019 09:07 AM PDT

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current USD/JPY price trend may soon reverse higher despite the fact traders remain net-long.

GBP/USD: 83% of Traders are Net-Long Suggesting Further Depreciation of Sterling against the Dollar

Posted: 10 Jul 2019 09:00 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 GBP/USD-bearish contrarian trading bias.

Platinum Price Outlook: Breaking above The Weekly Resistance - What Might Be Next

Posted: 10 Jul 2019 08:00 AM PDT

Last week Platinum lost nearly 4% of its value, however; this week the buyers are trying to come back. Here are the levels they have to consider to recover last week’s losses.

CAD Drops as Bank of Canada Flags Concerns Over Trade Wars

Posted: 10 Jul 2019 07:30 AM PDT

The Bank of Canada kept interest rates unchanged at 1.75% as expected. However, raises concerns of global trade war.

US Recession Watch - What the US Yield Curve is Telling Traders

Posted: 10 Jul 2019 06:00 AM PDT

A key spread in the US Treasury yield curve is now suggesting that there is nearly a 33% chance of a recession hitting the United States within the next 12-months.

USD Spikes Lower as Dovish Fed Powell Sets Stage for Rate Cuts

Posted: 10 Jul 2019 05:50 AM PDT

Fed Chair Powell provided a somewhat more dovish than expected speech sparking a drop in the greenback, while US equities and gold surged higher.

Gold Prices Maintain Sideways Range Despite Plunge in Gold Volatility

Posted: 10 Jul 2019 05:30 AM PDT

With 2019 Fed rate cut odds at their lowest level since May 30, measures of volatility have dropped, and in turn, lower yielding currencies and safe haven assets have suffered.

Canadian Dollar Expected to be Most Volatile Currency Amid BoC & Fed Risk

Posted: 10 Jul 2019 04:30 AM PDT

FX volatility is lifted as eyes turn towards Fed Powell’s testimony, however, the Canadian Dollar is expected to be the most volatile currency with implied vols at the highest in 2019.

US Dollar Price Outlook Still Positive as Markets Wait for Powell Testimony

Posted: 10 Jul 2019 04:10 AM PDT

The US Dollar is well placed to extend its recent advance after the start today of the semi-annual testimony to Congress by Federal Reserve Chair Jerome Powell.

GBP Sterling Forecast: GBP/JPY Price Eyes the High End of Current Trading Zone

Posted: 10 Jul 2019 02:48 AM PDT

On June 3 the sellers attempted to resume the bearish move has failed. Here are the key technical levels the pair might encounter in the few coming days.

Gold & Silver Price Set-Ups Amid Fed Powell’s Testimony, FOMC Minutes

Posted: 10 Jul 2019 02:40 AM PDT

Eyes on Fed Chair Powell’s testimony and FOMC meeting minutes as gold prices test key support, while silver begins to slowly outperform gold.

UK Economy Grows in May But Underlying Risks Continue

Posted: 10 Jul 2019 01:50 AM PDT

Sterling received a push higher on Wednesday morning as GDP figures showed that the British economy managed to grow in the month of May, with a revision for the April figure easing fears of a possible Q2 contraction

GBPUSD RSI Flirts with Oversold Zone, Retail Sentiment Gets Stretched

Posted: 10 Jul 2019 01:00 AM PDT

GBPUSD may exhibit a more bearish behavior over the coming days as the RSI flirts with oversold territory, while retail sentiment sits at an extreme.

US Dollar May Rise on Fed Minutes if Dovish Forecasts are Foiled

Posted: 09 Jul 2019 11:30 PM PDT

GBPUSD will have a tumultuous day ahead of the publication of Fed meeting minutes and UK economic data along, Powell’s testimony before the House Financial Services Committee.

AUDUSD Technical Analysis: Aussie Dollar Top May Be in Place

Posted: 09 Jul 2019 10:30 PM PDT

The Australian Dollar may have established a near-term top, ending a corrective upswing and setting the stage for resumption of the dominant downtrend against its US peer.

Asian Stocks Trade Narrow, Mixed As Fed Powell’s Testimony Looms

Posted: 09 Jul 2019 09:56 PM PDT

Jerome Powell’s scheduled date with Congress this week was always going to draw crowds, but those strong labor market numbers last week have made the timing especially interesting

Crude Oil and Gold Prices at Risk on Powell Speech, FOMC Minutes

Posted: 09 Jul 2019 09:00 PM PDT

Crude oil and gold prices may fall as testimony from Fed Chair Powell and minutes from June’s FOMC meeting shrink the gap between official and market policy bets.

USDNOK Bullish Spike Ahead? Pair Retesting 15-Month Rising Support

Posted: 09 Jul 2019 08:30 PM PDT

USDNOK is looking to re-enter 15-month rising support after a significant plunge in June, with USDSEK following a similar pattern of resuming the broad uptrend.

Dollar, S&P 500 and Gold on Volatility Watch as Powell Set to Testify

Posted: 09 Jul 2019 08:15 PM PDT

After a few days of uneasy chop, the markets are due to move back into important fundamental waters with Fed speculation expected through Chairman Powell testimony and FOMC minutes. Watch the Dollar and US indices closely.

AUD Fixed On Fed’s Powell, In-Line China CPI Fails To Distract It

Posted: 09 Jul 2019 06:47 PM PDT

The Australian Dollar didn’t move much on news that China’s consumer prices remained steady last month. Ongoing price pain for manufacturers was evident too.

Dollar Top Volatility Risk but Trade Potential Takes Discernment

Posted: 09 Jul 2019 06:14 PM PDT

If you were simply looking for ambitious volatility in these quiet markets, you could hardly do better than USDCAD between Powell testimony and BOC. Yet, if you want activity with probability, filtering is crucial.

Stagnant China CPI to Keep AUDUSD Rate Under Pressure

Posted: 09 Jul 2019 05:30 PM PDT

Updates to China’s Consumer Price Index (CPI) may keep AUDUSD under pressure as the headline reading for inflation is expected to hold steady at 2.7% in June.

GBP/USD Decline Eyes April 2017 Low. MXN, INR Drop on Political News

Posted: 09 Jul 2019 04:00 PM PDT

The British Pound declined as GBP/USD targeted April 2017 lows as economists forecasted UK growth contracting. Meanwhile, the Mexican Peso and Indian Rupee fell on political news.

Stock Market Outlook: Dow Jones Wades Above Support, Levi Misses

Posted: 09 Jul 2019 02:35 PM PDT

Despite a late-day rebound, the Dow Jones closed slightly lower to post a third consecutive decline. With FOMC minutes fast approaching, the Index finds itself at a key crossroad.
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