DailyFX - Feeds all

DailyFX - Feeds all

US Dollar Price Outlook: EUR/USD, USD/CAD Set Up for USD-Weakness

Posted: 15 Jul 2019 07:00 AM PDT

Markets are geared-up for rate cuts out of the Fed later this month but will the Fed deliver? And if so, how much more softening might be in the monetary backdrop?

EUR/USD: Net-Long Positions Continue to Rise Suggesting Trend may Reverse Shortly

Posted: 15 Jul 2019 06:13 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 EUR/USD trading bias.

GBPUSD Bearish Momentum Resumes, Silver Prices Break Key Level - US Market Open

Posted: 15 Jul 2019 06:00 AM PDT

GBPUSD underperforms ahead of this week’s key UK economic releases, while silver makes a key topside breach as the precious metal extends higher.

Weekly Technical Forecast: S&P 500 Closes at Record High, Gold Stalls, Dollar Breakouts Fail

Posted: 15 Jul 2019 05:30 AM PDT

We opened this past week to broad rally – for equities, gold and the US Dollar. Yet, by the Friday close, only one of those assets was still under the bulls’ control. Will indices like the Dow and S&P 500 continue to run deeper into record high territory? Can the Dollar and Gold clear their respective ranges given the level of volatility they both sport?

Weekly Trading Forecast: Dow Versus Gold Bull Trends Amid Trade War, Recession Fears

Posted: 15 Jul 2019 05:30 AM PDT

Risk appetite has found lift this past week, but the real concentration was behind US equities which benefit specifically from heavy speculation around forecasted Fed hikes. Can stretched hopes of rate cuts and stimulus keep this asset class charging – much less pull other markets in its wake – or will a shift in focus to troubled growth and deepening trade wars pull sentiment down?

CAD Longs Increase, AUD Shorts Cut, GBP Outlook Most Bearish - COT Report

Posted: 15 Jul 2019 04:00 AM PDT

Weekly changes in G10 FX positioning sees CAD net longs increase, while the AUD short squeeze puts a near-term floor in the currency. Sterling remains most shorted currency.

Bitcoin (BTC) Price May Rally, Market in Heavily Oversold Territory

Posted: 15 Jul 2019 04:00 AM PDT

Bitcoin's recent rally and subsequent sharp sell-off has left the cryptocurrency looking heavily oversold, according to one technical indicator.

Euro Price Forecast: EUR/JPY Struggles to Move in a Clear Direction- How Could This Change

Posted: 15 Jul 2019 03:00 AM PDT

At the start of July EUR/JPY stuck in a sideways move creating lower highs with higher lows. Here are the significant levels traders may consider this week.

Sterling - GBPUSD Price Capped as UK Data, Tory Leadership Vote Loom

Posted: 15 Jul 2019 02:30 AM PDT

GBPUSD is struggling to keep hold of last week’s modest gains and may break its recent run of higher lows ahead of the latest look at the health of the UK economy.

Gold Prices Eye Key Resistance, Silver Prices Outperforming Gold

Posted: 15 Jul 2019 01:10 AM PDT

Gold prices have managed to consolidate above the $1400 as slowing Chinese growth provides yet another reminder of the deteriorating economic outlook.

NOK, SEK Shake as Iran Tension Threatens to Spark EU-US Trade War

Posted: 14 Jul 2019 11:30 PM PDT

The Norwegian Krone and Swedish Krona will be under pressure this week as tension in Iran threatens to spark a trade war between the EU and US.

NZDUSD Rate Forecast: July High on Radar Ahead of New Zealand CPI

Posted: 14 Jul 2019 10:00 PM PDT

NZDUSD appears to be on track to test the monthly-high (0.6727) ahead of the updates to New Zealand’s CPI as the exchange rate carves a series of higher highs and lows.

Asian Markets Rise On China Relief Despite 27-Year Low GDP Gains

Posted: 14 Jul 2019 09:55 PM PDT

China’s growth figures came in weakly by their own standards for the second quarter, but June’s industrial and retail prints gave investors reason to hang on.

Crude Oil Prices Weaken on Barry Downgrade, Eye EIA Drilling Data

Posted: 14 Jul 2019 08:30 PM PDT

Crude oil prices weakened as tropical storm Barry weakened. They may fall further if EIA data tracking US drilling productivity stokes oversupply fears.

AUDUSD Jumps on Chinese GDP, Econ Data - Trade War in Focus

Posted: 14 Jul 2019 07:00 PM PDT

The Australian Dollar aimed higher after a slew of broadly better-than-expected Chinese economic data was published while the Q2 GDP report came in as forecasted.

AUDUSD Rate Rebound Vulnerable to Record Low China GDP

Posted: 14 Jul 2019 05:30 PM PDT

Updates to China’s GDP report may undermine the recent rebound in AUDUSD as the growth rate is anticipated to hit a record low in the second quarter of 2019.

USD May Rise Versus SGD, INR as China Slows to Weakest Since 1992

Posted: 14 Jul 2019 04:00 PM PDT

The USD may catch haven bids versus the Singapore Dollar, Indian Rupee if US economic conditions continue deteriorating as China’s economy slows to its weakest since at least 1992.

AUD/USD May Fall if China Data Fuels Urgency of Next RBA Rate Cut

Posted: 14 Jul 2019 02:30 PM PDT

The AUD/USD may turn lower if China GDP data increases the urgency for the RBA to deliver another cut sooner, reversing gains after the USD weakened on dovish Fed commentary from Friday.

Weekly Technical Forecast: S&P 500 Closes at Record High, Gold Stalls, Dollar Breakouts Fail

Posted: 14 Jul 2019 09:00 AM PDT

We opened this past week to broad rally – for equities, gold and the US Dollar. Yet, by the Friday close, only one of those assets was still under the bulls’ control. Will indices like the Dow and S&P 500 continue to run deeper into record high territory? Can the Dollar and Gold clear their respective ranges given the level of volatility they both sport?

Weekly Trading Forecast: Dow Versus Gold Bull Trends Amid Trade War, Recession Fears

Posted: 14 Jul 2019 09:00 AM PDT

Risk appetite has found lift this past week, but the real concentration was behind US equities which benefit specifically from heavy speculation around forecasted Fed hikes. Can stretched hopes of rate cuts and stimulus keep this asset class charging – much less pull other markets in its wake – or will a shift in focus to troubled growth and deepening trade wars pull sentiment down?
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