DailyFX - Feeds all

DailyFX - Feeds all

USD/JPY: Net-Short Positions Increase by 14.4% From Last Week

Posted: 03 Jul 2019 07:06 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.

Crude Oil Prices Rise, Pushing USDCAD to Test 2019 Lows - US Market Open

Posted: 03 Jul 2019 06:35 AM PDT

Oil prices recoup yesterday’s losses, while USDCAD tests YTD lows. GBPUSD outlook continuing to soften as data shows Q2 GDP contraction.

Using the Rising Wedge Pattern in Forex Trading

Posted: 03 Jul 2019 06:25 AM PDT

The Rising Wedge is a popular reversal pattern use by forex traders. Learn how to spot the rising wedge and how to trade it.

US Dollar Price Outlook: EUR/USD, USD/JPY Setups for USD Weakness

Posted: 03 Jul 2019 05:34 AM PDT

The US Dollar has put in a bounce so far in Q3 trade, but prices have found resistance at a prior area of support. NFP is on the docket for Friday.

DAX in Bull Market, ECB Stimulus is Coming, However, Beware of Volatility Spikes

Posted: 03 Jul 2019 04:00 AM PDT

The DAX saw its best month of gains in June since Q1 2018, taking the index in bull market territory as the ECB seemingly give the green light for fresh stimulus.

Euro and US Dollar Struggle to Push Higher Against Swiss Franc: USD/CHF, EUR/CHF Price Analysis

Posted: 03 Jul 2019 03:09 AM PDT

Last week EUR/CHF and USD/CHF corrected higher, nonetheless; the buyers may need to consider these prices to continue to rally both pairs.

EURUSD Price Outlook Poor on Slow Growth, Lagarde Nomination

Posted: 03 Jul 2019 02:30 AM PDT

Eurozone growth remains weak, according to the latest PMI data, and likely new ECB President Lagarde is seen as a dove. That suggests the Euro could slide further.

GBPUSD Outlook: Risk of Bearish Breakdown on Flash Crash Trendline Break

Posted: 03 Jul 2019 02:00 AM PDT

GBP remains on defensive across the board as UK Services PMI stagnates, suggesting that UK GDP in Q2 likely contracted by 0.1%.

Gold Price Gains May Be Capped as US Dollar Haven Demand Returns

Posted: 03 Jul 2019 01:00 AM PDT

Gold prices may struggle to capitalize on soft ISM data stoking global slowdown fears as the US Dollar reclaims support from haven-seeking capital flows.

Euro Eyes US ISM Data. SEK Braces for Riksbank Rate Decision

Posted: 02 Jul 2019 11:30 PM PDT

EURUSD will be on edge ahead of critical US ISM data while Swedish Krona traders brace for what could be a painful Riksbank press conference following the rate decision.

USDMYR May Reverse Higher as USDINR Extends Downtrend From October

Posted: 02 Jul 2019 10:00 PM PDT

The USDMYR may reverse to the upside after the formation of a bullish candlestick pattern. Meanwhile USDINR, after taking out key support, may extend its downtrend to July 2018 lows.

Opportunity for S&P 500 Rally to Record, Dollar Recovery Facing Liquidity Wall

Posted: 02 Jul 2019 08:38 PM PDT

We are marching towards the distortion of Thursday’s holiday liquidity conditions. Yet, in the meantime, there is plenty on the docket and in the collective conscious to threaten late stage volatility.

Crude Oil Price Outlook Mired by Death Cross Formation

Posted: 02 Jul 2019 08:30 PM PDT

Crude oil prices stand at risk of giving back the advance from the June-low ($50.60) as a ‘death-cross’ formation takes shape.

NZDUSD Technical Analysis: Is Kiwi Dollar Ready to Turn Lower?

Posted: 02 Jul 2019 08:00 PM PDT

The New Zealand Dollar may be preparing to turn lower after crumbling at chart resistance near three-month highs against its US counterpart.

USDCAD May Be Major Most Capable of Overcoming Holiday Trade

Posted: 02 Jul 2019 07:48 PM PDT

While the fundamental engine continues to turn, liquidity will soon curb progress for the markets. Few individual assets – much less markets – have any hope of overriding this cap. USDCAD may have a claim.

AUDUSD Wobbled on China PMI Data as Global Growth Concerns Mount

Posted: 02 Jul 2019 06:45 PM PDT

The Australian Dollar wobbled after China Caixin PMI data came in below-expectations, echoing with this week’s earlier publications of official estimates. AUD looks to US-China trade talks.

EURUSD Rate Pullback Stalls Despite Dovish ECB Forward Guidance

Posted: 02 Jul 2019 05:30 PM PDT

The pullback in EURUSD appears to be stalling even though the ECB strikes a dovish tone as it fails to extend the series of lower highs and lows from earlier this week.

GBPUSD Eyes Support on BoE Governor Mark Carney, AUDUSD May Rise

Posted: 02 Jul 2019 04:00 PM PDT

GBPUSD eyes downtrend resumption as Bank of England Governor Mark Carney fuels rate cut expectations. Meanwhile, IG Client sentiment offers a stronger AUDUSD-bullish trading bias.

S&P 500 Outlook: Historical Returns for the 4th of July Holiday Week

Posted: 02 Jul 2019 01:30 PM PDT

Historically, the week of July 4th has delivered a negative return on average as the liquidity drain tests the conviction of market bulls.

Volatility: VIX Crushed as Risk Assets Rejoice G20 Summit

Posted: 02 Jul 2019 12:00 PM PDT

Volatility across asset classes swoons owing to the latest influx of risk appetite following last weekend's G20 Summit. What might volatility suggest about the markets going forward?

EUR/USD Rate Drops after Christine Lagarde Nominated Next ECB President

Posted: 02 Jul 2019 10:55 AM PDT

International Monetary Fund Managing Director and Chairwoman Christine Lagarde has been tapped to replace Mario Draghi as the next president of the European Central Bank.

US Dollar Resistance at Prior Support: EUR/USD, USD/JPY, AUD/USD

Posted: 02 Jul 2019 09:20 AM PDT

The US Dollar is coming off of bearish backdrop in June, but prices so far in Q3 have pushed up for a test of lower-high resistance.
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