DailyFX - Feeds all

DailyFX - Feeds all

Weekly Trade Levels: US Dollar, EUR/USD, NZD/USD, USD/CAD, Gold & Oil

Posted: 22 Jul 2019 08:30 AM PDT

Webinar highlighting active trade setups we’re tracking into the start of the week. Here are the targets & invalidation levels that matter on the technical charts.

Forex Economic Calendar Week Ahead: Next UK PM, ECB Meeting, US GDP & More

Posted: 22 Jul 2019 08:20 AM PDT

The last full week of July will see the most significant action emanating from Europe.

Sterling (GBP) Week Ahead - All About Boris and Brexit

Posted: 22 Jul 2019 07:00 AM PDT

Sterling opens the week in negative territory as one senior Conservative MP resigns before Boris Johnson has even been elected as the new leader of the Tory Party.

Gold Price Pulls Back, XAU Bulls Show at Higher-Low Support

Posted: 22 Jul 2019 06:30 AM PDT

Gold prices exploded last week with a gust of USD-weakness pricing-in, but GLD price action has since pulled back to find support at prior resistance.

EUR/USD May be in for ECB Shock, GBP/USD Weakness Persists - US Market Open

Posted: 22 Jul 2019 05:40 AM PDT

The Pound is on the backfoot to begin the week, while the Euro braces for another dovish ECB meeting. Elsewhere, Swiss Franc is garnering increased attention with focus on key 1.10 handle.

Weekly Technical Forecast: Dow Eases Back from Record, Dollar Struggles to Light Fuse, Gold Holds Its Break

Posted: 22 Jul 2019 05:30 AM PDT

There is a clear inconsistency in both activity level and bearing across the standard benchmarks of the speculative markets. With the Dollar suffering a jolt without a trend, Dow and other indices hanging just shy of record highs and gold breaking higher in stages; we are seeing more volatility that is often the precursor of a lasting market wave.

Weekly Trading Forecasts: EURUSD Top Fundamental Candidate on Fed Speculation, ECB Decision Approaches

Posted: 22 Jul 2019 05:30 AM PDT

We may find the top scheduled event risk next week displaced for market moving potential by an increasingly volatile theme. Key event risk ahead includes Friday’s US 2Q GDP update and the global PMIs for July which would seem to put the focus on growth and recession concerns. Yet, the muddled picture from Fed remarks this past week and an ECB rate decision may find far more volatility in monetary policy.

Spot Gold: Percentage of Traders Net-Long is at its Highest Since 27 May

Posted: 22 Jul 2019 05:00 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 Spot Gold-bearish contrarian trading bias.

Top 5 Events - FX Week Ahead: July ECB Meeting & EUR/JPY Rate Forecast

Posted: 22 Jul 2019 05:00 AM PDT

The July European Central Bank rate decision and policy meeting will arrive on Thursday, July 25 at 11:45 GMT.

USD/JPY: Traders Continue to Remain Net-Long

Posted: 22 Jul 2019 04:52 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 USD/JPY-bearish contrarian trading bias.

FTSE 100 Outlook – Constructive Price Behavior Suggests Higher Prices

Posted: 22 Jul 2019 04:00 AM PDT

The FTSE has been back-and-filling in a constructive manner, points to another round of strength to come soon.

CAD Longs Sharply Increase, GBP Remains Bearish, JPY Shorts Build - COT Report

Posted: 22 Jul 2019 02:35 AM PDT

Weekly changes in G10 FX positioning sees CAD net longs sharply increase, while speculators continue to add to GBP shorts.

Gulf Tensions Escalate, Natural Gas to Follow Oil Prices

Posted: 22 Jul 2019 02:30 AM PDT

As tensions between the UK and Iran continue to unfold, oil prices are edging higher as the conflict escalates. And natural gas prices increased 2.5% over the weekend.

EUR/JPY Outlook: Euro May Resume Downtrend Against Japanese Yen

Posted: 22 Jul 2019 01:30 AM PDT

Since the Start of last month EUR/JPY has been trading in a trendless move, however, on Wednesday the pair saw a bearish development. Here are the levels the sellers need to consider to lead the price again

EURUSD Under Pressure Ahead of PMI Data and ECB Meeting

Posted: 22 Jul 2019 01:00 AM PDT

EURUSD remains just above 1.1200 in early trade with little in the way to drive the price until Wednesday’s PMI data and Thursday’s all-important ECB meeting and press conference.

Euro Eyeing Eurozone Confidence Data Ahead of ECB Rate Decision

Posted: 21 Jul 2019 11:30 PM PDT

The Euro will be closely watching the release of Eurozone consumer confidence data ahead of the ECB’s rate decision this week. Is a rate cut warranted?

EURUSD Rate Fails to Test Monthly Low Ahead of ECB Meeting

Posted: 21 Jul 2019 11:08 PM PDT

EURUSD appears to be stuck in a narrow range ahead of the European Central Bank (ECB) meeting on July 25 amid the failed attempts to test the monthly-low (1.1193).

Crude Oil Prices May Resume Selloff Amid Global Slowdown Fears

Posted: 21 Jul 2019 11:00 PM PDT

Crude oil prices may build on last week’s selloff as worries about slowing global growth spook financial markets and hurt assets linked to the global business cycle.

China Launch of Nasdaq-Style Tech Index Fails To Impress

Posted: 21 Jul 2019 09:50 PM PDT

Asian markets shrugged as China launched a Nasdaq-style tech stock index. A negative lead from Wall Street and Iran’s capture of a UK-flagged tanker kept risk appetite in check.

USD May Gain Against SGD, MYR Despite US Growth Slowing to 2017 Low

Posted: 21 Jul 2019 08:30 PM PDT

The USD may keep catching haven bids versus the Singapore Dollar or Malaysian Ringgit as US GDP potentially slows to its weakest since 2017 in a fragile global growth environment.

Topside Targets Back on Radar as Gold Breaks Out of Holding Pattern

Posted: 21 Jul 2019 07:00 PM PDT

Current market conditions may keep gold prices afloat as the precious metal breaks out of a holding pattern ahead of the Federal Reserve rate decision on July 31.

Weekly Euro Forecast: Euro Outlook Turns Volatile as ECB Weighs Rate Cut

Posted: 21 Jul 2019 06:20 PM PDT

The Euro has struggled in recent sessions as the July ECB meeting has come into focus. With markets predicting a coin flip’s chance of a rate cut, EUR-crosses appear destined for volatility.

Crude Oil Prices, SEK, NOK Brace for IMF Report and US GDP Data

Posted: 21 Jul 2019 05:30 PM PDT

NOK and SEK along with crude oil prices may face selling pressure if the latest IMF global economic forecasts and US GDP data pour cold water on risk appetite across financial markets.

US Dollar Rose as Risk Aversion Left S&P 500 Bearish Price Signals

Posted: 21 Jul 2019 04:00 PM PDT

The US Dollar appreciated on less-dovish Fed monetary policy bets as Middle East tensions fueled risk aversion, leaving the S&P 500 with numerous bearish reversal warning signs.

Weekly Technical Forecast: Dow Eases Back from Record, Dollar Struggles to Light Fuse, Gold Holds Its Break

Posted: 21 Jul 2019 09:00 AM PDT

There is a clear inconsistency in both activity level and bearing across the standard benchmarks of the speculative markets. With the Dollar suffering a jolt without a trend, Dow and other indices hanging just shy of record highs and gold breaking higher in stages; we are seeing more volatility that is often the precursor of a lasting market wave.
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