DailyFX - Feeds all

DailyFX - Feeds all

Canadian Dollar Price Chart: USD/CAD Breaks Out – Loonie Trade Levels

Posted: 23 Jul 2019 08:30 AM PDT

The Canadian Dollar is on the defensive this week with price now attempting to break the monthly opening-range. Here are the levels that matter on the USD/CAD charts.

Bitcoin: Number of Traders Net-Short Increases by 20.4% from Last Week

Posted: 23 Jul 2019 08:03 AM PDT

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

Gold Prices Continue to Exhibit Strength Despite the US Dollar Breakout

Posted: 23 Jul 2019 08:00 AM PDT

Gold prices could care less that the US Dollar (via the DXY Index) is breaking its downtrend from the May high.

S&P 500: Number of Traders Net-Long Continues to Decrease

Posted: 23 Jul 2019 07:10 AM PDT

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

EUR Breaks Support, Boris Johnson Wins Tory Contest, CAD Extends Bearish Turn - US Market Open

Posted: 23 Jul 2019 06:30 AM PDT

As widely expected, Boris Johnson won the leadership contest with a margin of 66%. Euro hits a two month low, while CAD trades on the defensive.

Copper Price Outlook: Uptrend Pauses After Printing Two-Month High

Posted: 23 Jul 2019 06:30 AM PDT

Last week Copper rallied to its highest level in over two months then stopped with the buyers likely taking profit. Here are the chart key points Copper’s traders may need to consider.

US Dollar Bursts Higher, EUR/USD Fresh Low, USD/CAD Breaks Resistance

Posted: 23 Jul 2019 05:34 AM PDT

The US Dollar is rallying after the NY Fed walked back comments from John Williams last week. How dovish will the Fed be at the bank's highly-expected rate cut?

Market Sentiment Positive Towards USD, Negative Elsewhere | Webinar

Posted: 23 Jul 2019 04:40 AM PDT

The US Dollar remains the currency of choice for traders as market confidence in other assets ebbs away.

Dollar Looking for May High: Euro, Pound, Aussie Charts & More

Posted: 23 Jul 2019 04:30 AM PDT

The Dollar is postured bullishly at the moment and could soon break on through the May high; EURUSD, GBPUSD, and AUDUSD charts in focus.

Boris Johnson is The New UK PM - What Next for Sterling (GBP)?

Posted: 23 Jul 2019 04:07 AM PDT

Boris Johnson has won the Conservative leadership race and is the new UK Prime Minister. Sterling traders will now be following his every comment and move with heightened interest.

Boris Johnson to be Next UK Prime Minister: FTSE 100 vs FTSE 250

Posted: 23 Jul 2019 02:40 AM PDT

Boris Johnson to face hurdles from the very beginning. Brexit rhetoric and political uncertainty to determine outperformance between FTSE 100 and FTSE 250.

USD/CAD Price Analysis: US Dollar Tests two Weeks High against Canadian- What Might Be Next?

Posted: 23 Jul 2019 02:30 AM PDT

Last week USD/CAD has been moving lower however, ineffectively. Here are the key technical levels traders may need to consider at this stage.

Further Sterling (GBP) Weakness Likely if Johnson Becomes PM

Posted: 23 Jul 2019 02:30 AM PDT

As the new Prime Minister is set to be announced at 11.00 UK time GBP may continue to lose ground if Boris Johnson is confirmed to be the new PM.

US Dollar (USD) Continues Rallying as Interest Rate Cut Looms

Posted: 23 Jul 2019 01:15 AM PDT

Conventional wisdom suggests that currencies should weaken ahead of any interest rate cuts, especially if there is a chance of a bigger-than-expected cut. The US dollar is ignoring this.

Gold Price Testing Support, Silver Stalling at Long-term Resistance

Posted: 23 Jul 2019 01:00 AM PDT

Last week, strength subsided late and is continuing on into this week; this has the recent breakout in question for gold while silver may struggle at a long-term threshold.

Gold, Crude Oil Prices May Fall on Downbeat IMF Global Outlook

Posted: 22 Jul 2019 11:30 PM PDT

Gold and crude oil prices may fall as the IMF sounds the alarm on slowing global growth, driving haven demand for the US Dollar.

USD May Rise on IMF Economic Outlook, GBP Braces for New UK PM

Posted: 22 Jul 2019 11:30 PM PDT

Sterling traders will be eagerly waiting for the announcement of the new UK Prime Minister while the US Dollar may rise after the IMF releases its updated economic outlook.

Puzzled By AUD Gains As Rates Fall? Blame the Fed and Iron Ore

Posted: 22 Jul 2019 10:00 PM PDT

The Australian Dollar has gained despite big cuts to domestic borrowing costs as investors find other reasons to go long.

GBPUSD Eyes Monthly Low as New UK Leadership Risks Shift in BoE Policy

Posted: 22 Jul 2019 10:00 PM PDT

GBPUSD appears to be on track to test the monthly-low as the threat of a no-deal Brexit puts pressure on the Bank of England (BoE) to alter the path for monetary policy.

Pound Awaits New PM, Euro the ECB and Dollar a Distant Fed Decision

Posted: 22 Jul 2019 08:54 PM PDT

On the one hand, there is event risk on the horizon that qualifies as possible inducement of ‘severe volatility’: ECB decision, US GDP, ECB, etc. Then there is current reality of the narrowest EURUSD daily range in a year-and-a-half.

USDSEK, EURSEK Approaching Key Resistance Levels: Breakout Ahead?

Posted: 22 Jul 2019 08:30 PM PDT

EURSEK and USDSEK are both advancing towards critical resistance barriers, though upside momentum may be comprised by high-profile data this week.

ASX Range Holds Key To Near-Term Direction, Broad Uptrend Safe

Posted: 22 Jul 2019 06:54 PM PDT

The ASX has put in an impressive performance this year and that overall uptrend looks safe enough. However some momentum seems to have been lost in the past month.

AUDUSD Forecast: Will the 200-Day SMA Continue to Offer Resistance?

Posted: 22 Jul 2019 05:30 PM PDT

The near-term rebound in AUDUSD appears to have stalled ahead of the 200-Day SMA (0.7090) as the exchange rate fails to extend the recent string of higher highs and lows.

EURUSD Technical Analysis: Downside Favored as Prices Consolidate

Posted: 22 Jul 2019 04:00 PM PDT

Euro technical positioning continues to send conflicting cues, but a longer-term trend assessment continues to suggest the path of least resistance favors the downside.

Silver Prices Play Catch Up to Gold’s 6 Year Highs; What’s Next?

Posted: 22 Jul 2019 01:31 PM PDT

Silver has rallied into a cluster of resistance while Gold's rally is losing momentum. A small dip to correct the recent strength is considered normal in Elliott Wave Theory.
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