DailyFX - Feeds all

DailyFX - Feeds all

Spot Gold: Retail Trader data shows 61.9% of traders are Net-Long

Posted: 04 Jul 2019 08:50 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 Spot Gold trading bias.

US Crude Oil Price Outlook: Sentiment Data Suggest a Rally

Posted: 04 Jul 2019 08:30 AM PDT

After the falls in crude oil prices so far this month, retail trader positioning figures suggest that a recovery is close.

DAX Price Outlook: Dax Eyes a Multi Months High as Rally Continues

Posted: 04 Jul 2019 08:01 AM PDT

Last month Dax closed with nearly 7.2% profit. At the start of this week the rally continued however, with less momentum. Here are the key technical levels the index might encounter in the coming days.

USDCAD at 2019 Lows, EURUSD Dips on ECB Dove, GBPUSD Stabilises

Posted: 04 Jul 2019 07:00 AM PDT

FX pairs have held relatively tight ranges in this holiday thinned trading session. USDCAD hovers around recent lows, while Euro pulls back on dovish ECB comments.

ECB Top Job: Will Lagarde Continue the Bank’s Dovish Approach?

Posted: 04 Jul 2019 05:30 AM PDT

Christine Lagarde’s nomination as the new president of the ECB has come as a surprise but has left no one indifferent; her lack of experience is a concern, but some believe she is the perfect fit for the job

Currency Volatility Implosion Sees US Dollar Pairs Potentially Under-pricing NFP Risk

Posted: 04 Jul 2019 04:00 AM PDT

FX markets have also seen a significant drop in implied volatility. As such, with eyes on the US Non-Farm Payrolls, FX markets could be under-pricing key risks.

GBP Sterling Outlook: How GBP/JPY Price Could End Current Sideways Movement

Posted: 04 Jul 2019 02:40 AM PDT

Yesterday GBP/JPY printed its lowest level in six months. However, the sellers continue to show signs of hesitation. Here are the chart’s key points the sellers may need to consider.

EURUSD Price Heading For Key Support Levels, Bounce Possible

Posted: 04 Jul 2019 02:30 AM PDT

The EURUSD price outlook is becoming increasingly positive as technical, economic and sentiment analyses all suggest a recovery after the pair’s recent losses.

Crude Oil Prices Struggle on Brimming US Inventories, Rising Exports

Posted: 04 Jul 2019 01:00 AM PDT

Crude oil prices are struggling to make good on firming risk appetite as brimming US inventories and rising exports stoke oversupply worries.

EURUSD Technical Analysis: Euro Sellers Challenge Trend Support

Posted: 04 Jul 2019 12:00 AM PDT

The Euro has slumped back to near-term rising trend support after railing to sustain gains above the 1.14 figure. Will a breakdown mark bearish reversal next?

EURUSD May Have Volatile Spikes: Thinner Liquidity on US Holiday

Posted: 03 Jul 2019 11:30 PM PDT

EURUSD may experience volatile spikes as US markets close for the July Independence Day holiday, leaving markets thinner and exposing the pair to potentially violent swings.

EURUSD Struggles to Extend Bearish Price Action Ahead of NFP Report

Posted: 03 Jul 2019 10:22 PM PDT

The pullback in EURUSD appears to be stalling ahead of the NFP report as the exchange rate struggles to extend the series of lower highs and lows from earlier this week.

Equities Mixed in Thin Trade Before US Independence Day, Jobs Data

Posted: 03 Jul 2019 10:00 PM PDT

Equities traded mixed in thinner conditions ahead of the US Independence Day holiday, with S&P 500 futures looking to confirm closes at record highs ahead of the jobs report.

Dow, S&P 500 and Nasdaq Hit Records Before Holiday, EURUSD Looks Out to NFPs

Posted: 03 Jul 2019 08:45 PM PDT

Despite the known drain on liquidity, the US indices took the opportunity of thin markets to leverage record highs for S&P 500, Dow and Nasdaq. EURUSD meanwhile held fast with NFP on the horizon.

Brexit, Italy Debt Bubble Threatening Riksbank Rate Hike Path

Posted: 03 Jul 2019 08:30 PM PDT

The Riksbank may have trouble keeping its word to raise rates this year or early next year as global growth continues to wane and European political risks mount.

AUDCAD Primed For Break with Fewer Thematic Restrictions

Posted: 03 Jul 2019 06:40 PM PDT

There are plenty of appealing charts across the FX market, but an attachment to confounding thematic fundamental risk trips many of these opportunities up. AUDCAD is one of the exceptions.

Japanese Yen Makes Gains But Bulls Have Yet To Nail Them Down

Posted: 03 Jul 2019 06:35 PM PDT

The Japanese Yen has made clear gains on the US Dollar in the past week, but USDJPY remains above its downtrend and is not in any sense overbought.

USDCAD Rate Searches for Support, RSI Flirts with Oversold Territory

Posted: 03 Jul 2019 05:30 PM PDT

USDCAD may continue to exhibit a bearish behavior over the remainder of the week as the Relative Strength Index (RSI) flirts with oversold territory.

NZD/USD Uptrend May Extend, Be Wary of Heightened Flash Crash Risk

Posted: 03 Jul 2019 04:00 PM PDT

The Australian and New Zealand Dollars rose as NZDUSD looks to perhaps confirm a bullish reversal formation. Be mindful of higher “flash crash” risk ahead of US Independence Day.

Stock Market Outlook: VIX Signals Complacency as S&P 500 Tags Record

Posted: 03 Jul 2019 12:30 PM PDT

Compared to last year, the S&P 500 has had significantly less influence on daily changes in the VIX. What does this mean for the market moving forward?

EUR/USD Implied Volatility Drops to Multi-Year Lows

Posted: 03 Jul 2019 11:06 AM PDT

Implied volatility measures for spot EUR/USD have taken a plunge to extreme lows driven largely by dovish ECB and Fed expectations.

Gold Prices Snap Back After Failed Breakout Attempt - Levels to Know

Posted: 03 Jul 2019 09:38 AM PDT

Gold prices put in another run at six-year-highs earlier. Bulls were soon rebuffed, and prices have again pulled back.

Treasury Yields Fall As ISM Services Index Comes In Softer Than Expected

Posted: 03 Jul 2019 08:35 AM PDT

The Institute for Supply Management’s Non-Manufacturing Index recorded its lowest figure since July of 2017 as tariffs continue to put upward pressure on prices while business activity falls

Trading the Bullish Harami Pattern

Posted: 03 Jul 2019 08:13 AM PDT

The Bullish Harami is a popular reversal pattern in the FX market. Learn how to spot and trade the Bullish Harami.

GBP/USD & GBP/JPY Turn Lower after UK PMIs, Latest Brexit News

Posted: 03 Jul 2019 08:11 AM PDT

Speculation around a no deal, hard Brexit remains a significant burden for the British Pound.
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