DailyFX - Feeds all

DailyFX - Feeds all

Bitcoin: Trader’s Remain Net-Long

Posted: 11 Jul 2019 09:21 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 Bitcoin-bearish contrarian trading bias.

Bullish Triangle Pattern Developing on USD Index Price Chart

Posted: 11 Jul 2019 07:40 AM PDT

Gold Price Outlook: XAUUSD Holds Key Resistance After Powell Put

Posted: 11 Jul 2019 07:30 AM PDT

Risk markets put in a strong push on the heels of Powell's comments yesterday, but Gold prices were unable to take-out the prior high.

Spot Gold: Trend May Reverse Lower According to Sentiment

Posted: 11 Jul 2019 07:16 AM PDT

Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.

USDCAD Eyes 2019 Lows, GBPUSD Rises on Short Squeeze - US Market Open

Posted: 11 Jul 2019 06:05 AM PDT

USD on the defensive across the board, however, higher than expected core inflation provides slight lift. GBPUSD outperforms as short positions are squeezed.

Using Rectangle Patterns to Trade Breakouts

Posted: 11 Jul 2019 05:14 AM PDT

The rectangle pattern is a popular tool among forex traders for identifying and trading breakouts, learn how to apply this pattern

ECB to Continue QE as Fed Cements its Case for an Interest Rate Cut

Posted: 11 Jul 2019 05:00 AM PDT

Central Bank activity in the last few days has seen policymakers confirm that growth outlook around the world is tilted to the downside with most economies due for a rate cut.

How Many Pips Should Be Targeted Per Day?

Posted: 11 Jul 2019 04:54 AM PDT

Traders often wonder how many pips they can trade per day. Read our guide for the best strategy to follow.

GBPUSD Outlook: From a Contrarian Perspective, a Sterling Rally is Due

Posted: 11 Jul 2019 04:00 AM PDT

Reports that the British Pound could slump to parity with the US Dollar suggest that negativity towards Sterling is now so pervasive that GBPUSD could be ripe for a recovery.

USD/CHF, EUR/CHF Price Forecast: Potential Comeback for the Sellers

Posted: 11 Jul 2019 03:03 AM PDT

This week EUR/CHF and USD/CHF leaned to the downside. Here are the key technical levels the sellers need to consider to take charge again

Crude Oil Price Analysis: Oil Prices Jump on Hurricane and Supply Risks

Posted: 11 Jul 2019 02:35 AM PDT

Yesterday, Brent and WTI crude futures settled 4.5% higher, hitting its highest level in nearly two months, having made a break above $67 and $60/bbl respectively.

How to Trade the Impact of Politics on Global Financial Markets

Posted: 11 Jul 2019 01:00 AM PDT

As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading opportunities.

AUD Markets Price In a Third RBA Rate Cut. Will They Get It?

Posted: 10 Jul 2019 11:30 PM PDT

The Reserve Bank of Australia has cut interest rates aggressively even as it has wondered about the effectiveness of such a move.

Crude Oil Prices Break 3-Month Resistance, OPEC Report Due

Posted: 10 Jul 2019 10:30 PM PDT

Crude oil prices broke resistance capping them since April, buoyed by a dovish Fed and a sharp drop in inventories. Surly OPEC commentary may not cool the rally.

Nikkei 225 Rallies with Nintendo Stock, S&P 500 Momentum Fading?

Posted: 10 Jul 2019 10:00 PM PDT

The Nikkei 225 rallied as the Fed readied markets for a cut and Nintendo shares enjoyed the announcement of the Switch Lite. The S&P 500 uptrend appears to be running out of steam.

USDJPY and Gold Show What Fed Support Can Truly Offer Market

Posted: 10 Jul 2019 09:20 PM PDT

Fed Chairman Jerome Powell and the FOMC minutes have stirred the market, but what direct implications carry more weight: a deflated Dollar premium or a boost to global risk trends smitten with stimulus?

Dovish ECB Meeting Minutes to Rattle EURUSD Rate Rebound

Posted: 10 Jul 2019 08:30 PM PDT

Fresh developments coming out of the Euro area may rattle the recent rebound in EURUSD if the ECB shows a greater willingness to implement more non-standard measures.

Dollar Drop More Reliable than S&P 500 Record High as Fed Readies Rate Cut

Posted: 10 Jul 2019 08:27 PM PDT

The first day of Fed Chairman Powell’s testimony set dovish convictions at ease with a boost to risk trends and a retreat n the Dollar. Which of these nascent moves have true potential into the future?

Japanese Yen Gains Put Downside USD/JPY Range Break On Cards

Posted: 10 Jul 2019 07:04 PM PDT

The Japanese Yen has risen against the Dollar as have many other currencies thanks to the latest Fed commentary. USDJPY faces important near-term support

Gold Prices Eye 2019 High Following Dovish Fed Testimony

Posted: 10 Jul 2019 05:30 PM PDT

Gold catches a bid following the Fed testimony, with the price of bullion at risk of exhibiting a more bullish behavior as it carves a series of higher highs and lows.

Crude Oil Prices Eye April High, Fed Ready for First Cut Since 2008?

Posted: 10 Jul 2019 04:00 PM PDT

Crude oil prices rose as Jerome Powell rekindled 50bps Fed July rate cut bets, taking out falling resistance. The AUD/USD and NZD/USD may rise but medium-term gains are suspect.

S&P 500 Outlook: Index Crosses 3,000 & Delta (DAL) Earnings Ahead

Posted: 10 Jul 2019 02:05 PM PDT

The S&P 500 tagged record highs as quarterly earnings from Delta Airlines (DAL) are likely to highlight the stock’s relative strength in the industry amid the grounding of Boeing’s 737 Max planes.

Crude Oil Price Soars to 7-Week High on Fed & Supply Shock

Posted: 10 Jul 2019 01:40 PM PDT

Crude oil jumps nearly 4% as supply shock fears out of the US Gulf of Mexico combine with resurfacing risk appetite on the back of dovish Fed remarks during Chair Powell's congressional testimony.

USD Drops, S&P 500 Hits Record on Dovish Fed Minutes, Powell Testimony

Posted: 10 Jul 2019 12:38 PM PDT

The Federal Reserve minutes, which conveys FOMC members’ economic views and outlook on monetary policy, was released this afternoon and reiterated the dovish shift among Fed committee members.

Gold Price Volatility Climbs as XAUUSD Rallies on Dovish Fed

Posted: 10 Jul 2019 10:02 AM PDT

Spot gold prices rise alongside gold volatility as markets react to the latest dovish commentary from Fed Chair Powell - a trend that could continue headed into the July FOMC meeting.
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