DailyFX - Feeds all

DailyFX - Feeds all

USDZAR: South Africa Credit Rating Cut by Fitch, Rand Drops

Posted: 26 Jul 2019 09:00 AM PDT

The South African Rand is weakening further after Fitch Ratings cut South Africa's credit rating to junk status with negative outlook.

Gold Price Targets: Breakout Stalls – XUA/USD Coils Below Resistance

Posted: 26 Jul 2019 08:30 AM PDT

Gold prices are softer this week after reversing off key uptrend resistance. Here are the breakout levels that matter on the XAU/USD weekly chart into the close of July.

GBP/USD & GBP/JPY Look to Yearly Lows amid Latest Brexit News

Posted: 26 Jul 2019 08:00 AM PDT

Attempts by new UK Prime Minister Boris Johnson to reframe the Brexit negotiations appear to be falling on deaf ears in Brussels.

US Dollar Rally Runs Ahead of FOMC Rate Cut, EUR/USD Bear Trap

Posted: 26 Jul 2019 07:00 AM PDT

Yesterday brought whipsaw in EUR/USD around the ECB rate decision, but it's the FOMC meeting on the calendar for next week that has global markets' attention.

US Q2 GDP Stronger Than Expected, US Dollar Continues to Rally

Posted: 26 Jul 2019 05:42 AM PDT

The first look at US Q2 GDP beat market expectations with ease and further boosted the US dollar ahead of next week’s highly anticipated FOMC rate decision.

Canadian Dollar Outlook: Turning Point for USD/CAD Price?

Posted: 26 Jul 2019 05:00 AM PDT

This week USD/CAD buyers had the upper hand, however it might be a bit early to confirm an uptrend move. Here is the key level USD/CAD buyers may need to keep trading above to continue leading the price

EURUSD, AUDUSD, GBPJPY, Gold Price & More – Charts for Next Week

Posted: 26 Jul 2019 04:30 AM PDT

Looking ahead to next week, there are a few charts of interest worth paying attention that could lead to solid opportunities.

S&P 500, Dow Jones Charts: Struggling at Big-picture Slopes

Posted: 26 Jul 2019 04:00 AM PDT

Both the S&P and Dow are struggling to overcome a major long-term top-side trend-line, a resolution could be nearing in the days ahead.

US Q2 GDP Preview: Slowest Growth Since 2017

Posted: 26 Jul 2019 04:00 AM PDT

Growth in the second quarter is expected to have slowed to 1.8%, its lowest figure in two years, as continued trade wars weigh on domestic output, providing the Fed signals it needs for rate cuts.

Most Volatile Currencies Next Week - US Dollar, GBP/USD, AUD/USD

Posted: 26 Jul 2019 02:40 AM PDT

Fed, BoE and Key data in focus. US Dollar, GBPUSD and AUDUSD are expected to be among the most volatile currencies across the G10 space.

Gold Price Prepares to Breakout as FOMC Rate Decision Nears

Posted: 26 Jul 2019 02:20 AM PDT

Gold continues to bide its time before its next move with price action tempered ahead of next week’s FOMC rate decision when the Fed is fully expected to start cutting interest rates.

Sterling Outlook: GBPUSD Breaks Down, Boris Johnson Bounce Fades

Posted: 26 Jul 2019 01:00 AM PDT

GBPUSD nears its lowest level of the week, and looks at a technical breakout, as the Boris Johnson mid-week mini-bounce fades in the face of a seemingly unmovable EU.

Gold Prices May Fall with Stocks, Crude Oil on Soft US GDP Data

Posted: 25 Jul 2019 11:30 PM PDT

Gold prices fell with stocks and crude oil prices as the ECB dithered on imminent stimulus expansion. More of the same may come after soft US GDP data.

EURUSD Oscillates After ECB, Gears up for US GDP Data Ahead

Posted: 25 Jul 2019 11:30 PM PDT

EURUSD violently oscillated before settling unchanged after the ECB rate decision and commentary. The pair is now bracing for the release of US GDP data.

GBPUSD Rate Vulnerable to Dovish BoE Forward Guidance

Posted: 25 Jul 2019 10:00 PM PDT

Fresh updates from the Bank of England (BoE) may produce headwinds for the British Pound if the central bank alters the forward guidance for monetary policy.

ECB-Inspired Worries About Fed Action Knock APAC Stock Markets

Posted: 25 Jul 2019 09:59 PM PDT

A feeling that the European Central Bank could have offered more on Thursday saw Asia Pacific stock investors fretting that the Fed might underwhelm too.

USD/SGD Uptrend in Focus, USD/INR Outlook Hinges on 2018 Resistance

Posted: 25 Jul 2019 08:30 PM PDT

The Singapore Dollar may weaken as the USD/SGD uptrend continues, with similar selling pressure perhaps weighing against the Indian Rupee where USD/INR faces 2018 falling resistance.

GBPUSD May Be the Best Major to Highlight a Weak US GDP

Posted: 25 Jul 2019 08:17 PM PDT

The Dollar has considerable potential for volatility resulting from the 2Q US GDP release. However, a bullish build up on the theme, weekend liquidity, FOMC anticipation and counter-trend winds necessitate strategy.

EURUSD Round Two Moving Past ECB Onto US GDP

Posted: 25 Jul 2019 07:42 PM PDT

The ECB rate decision proved quite market-moving for EURUSD, but its bearing confounded typical expectations. Will Friday’s US 2Q GDP offer a more direct bearing for the pair?

EURGBP Retreats After 11-Week Sugar Rush. Crash Ahead?

Posted: 25 Jul 2019 07:00 PM PDT

The Euro has enjoyed an uninterrupted 11-week climb against the British Pound, but the sugar rush appears to be wearing off. Where will the currency pair land?

AUDUSD Rate Capped by 200-Day SMA Ahead of Australia Inflation Report

Posted: 25 Jul 2019 05:30 PM PDT

AUDUSD stands at risk for a further decline ahead of Australia’s CPI report as the rebound from the June-low (0.6832) stalls ahead of the 200-Day SMA (0.7087).

Why the Euro, Dollar Rally After the ECB? Leaving EURUSD at Support

Posted: 25 Jul 2019 04:30 PM PDT

The Euro gained after the ECB as Mario Draghi disappointed dovish expectations, rising bond yields spread into North America as the US Dollar rallied, leaving EUR/USD at key support.

US Dollar Rally Gains Life as Fed Rate Cut Odds Drop - Central Bank Weekly

Posted: 25 Jul 2019 03:00 PM PDT

Better than expected US economic data momentum coupled with comments by Fed policymakers prior to the July Fed meeting have provoked a turnaround in rate cut odds.

US Dollar Turns to GDP Data & Fed Rate Cut Bets

Posted: 25 Jul 2019 02:35 PM PDT

With US GDP data on deck for Friday's trading session, forex market participants will likely scrutinize the report for insight into the Fed's upcoming policy decision and its impact on the US Dollar.

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD and AUD/USD

Posted: 25 Jul 2019 12:30 PM PDT

It's been a busy day across the FX space and next week looks to continue the volatility as the Federal Reserve prepares for their first rate cut in a decade.
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