DailyFX - Feeds all

DailyFX - Feeds all

Gold Price Targets: XAU/USD Breakout Halted at Trend Resistance

Posted: 15 Aug 2019 08:00 AM PDT

Gold prices ripped into multi-year trend resistance this week - the breakout is vulnerable while below. Here are the levels that matter on the XAU/USD weekly chart.

USD/JPY, GBP/JPY Price Outlook: Positive Reversal as Support Holds

Posted: 15 Aug 2019 07:00 AM PDT

This week USD/JPY and GBP/JPY U-turned after testing fresh lows. However, the outlook still bearish unless both pairs clear those critical levels.

Oil Price Technical Analysis: WTI to 55 - Can Sellers Take Control?

Posted: 15 Aug 2019 06:00 AM PDT

Oil prices were back on offer yesterday after a confluent level of resistance came into play. But can sellers continue to push down to big-picture support?

GBPUSD Outperforming, US Dollar Bounces on Strong Retail Sales - US Market Open

Posted: 15 Aug 2019 05:55 AM PDT

GBPUSD outperforming, however, Brexit risks remain. US Dollar bounces on strong retail sales data, raising likelihood of upgraded GDP trackers.

FTSE 100 Price Outlook: Test of ’The’ Bull Market T-line May Come Soon

Posted: 15 Aug 2019 04:30 AM PDT

The FTSE's swift decline of recent has brought the index in for a test of the 200-day and a couple other forms of support levels.

EUR/GBP Price Fading Back Towards Support After Double-Digit Rally

Posted: 15 Aug 2019 02:37 AM PDT

EURGBP is on course to record its first down week in over three months as bulls take a breather and wait for the next entry point.

S&P 500, US Dollar, Gold, Emerging Market Outlook: What Happens After US Yield Curve Inverts?

Posted: 15 Aug 2019 02:30 AM PDT

The US Treasury 2s10s curve inverts for the first time since 2007. What does this mean for the S&P 500, US Dollar, Gold and Emerging Markets?

Gold Price Surveys Multi-Year High, Silver Price Bullish Consolidation

Posted: 15 Aug 2019 01:00 AM PDT

Gold remains tilted to the upside and is likely to set a new six-and-a-half high soon as global fundamental woes boost the precious metals allure.

AUD/USD Technical Analysis: Selloff Stalls at 2019 Floor. Now What?

Posted: 14 Aug 2019 11:30 PM PDT

The Australian Dollar is stalling after the most dramatic selloff in six years brought the battered currency to the early-2019 floor against its US cousin. Where to from here?

US Dollar May Rise if US Data Exacerbates Recession Fears

Posted: 14 Aug 2019 11:30 PM PDT

The US Dollar could extend gains against its major counterparts if US data misses estimates and exacerbates fears of an incoming recession.

US Dollar May Rise vs NOK if Norges Bank Trims Hawkish Outlook

Posted: 14 Aug 2019 10:00 PM PDT

The US Dollar may rise vs the Norwegian Krone if the Norges Bank scales back its hawkish outlook against the backdrop of slower regional and global growth.

Japanese Yen Bulls Still Appear In Control As USDJPY Wilts Again

Posted: 14 Aug 2019 09:10 PM PDT

The Japanese Yen took a hit against the US Dollar this week as US-China trade news seemed to improve. Dollar gains have already been eroded though

US Dollar Uptrend on SGD, PHP, MYR, INR at Risk to Fading Momentum?

Posted: 14 Aug 2019 08:30 PM PDT

US Dollar gains versus the Singapore Dollar, Philippine Peso, Malaysian Ringgit and Indian Rupee are at risk to fading momentum, negative RSI divergence clouds the technical outlook.

Crude Oil Prices May Fall as US Data Feeds Growth Slump Fears

Posted: 14 Aug 2019 08:30 PM PDT

Crude oil prices may continue to fall alongside stocks if soggy US retail sales and other data continues to feed fears about a looming slump in economic growth.

Dow Forecast Links to Recession Fears Bubbling in Bonds and Yield Curve

Posted: 14 Aug 2019 06:34 PM PDT

The US yield curve was this past session's top theme amongst traders which is troubling given the implications it carries for fears of a recession and association to the biggest drop in the Dow in eight months.

Australian Dollar Gains Sharply As Job Creation Smashes Forecasts

Posted: 14 Aug 2019 06:28 PM PDT

The Austrailan Dollar spiked upward Thursday as overall new job gains were revealed to have been 41,000 in July, well ahead of the 14,000 markets had expected.

EURUSD Rebound Unravels as Fed Tames Bets for Rate Easing Cycle

Posted: 14 Aug 2019 05:30 PM PDT

EURUSD may continue to consolidate over the coming days as the Federal Open Market Committee (FOMC) tames speculation for a rate easing cycle.

Australian Dollar Outlook Grim on Yield Curve as Jobs Data Looms

Posted: 14 Aug 2019 04:00 PM PDT

The Australian Dollar outlook is grim on rising fears of a US recession, yield curve inversion. AUD/USD may shrug off rosy jobs data ahead on fears of slowing global growth.

AUD/USD: Australian Dollar Turns to Jobs Data, RBA Cut Odds

Posted: 14 Aug 2019 03:00 PM PDT

The Australian Dollar has potential to target fresh year-to-date lows if the July Australia jobs report accelerates RBA rate cut bets amid mounting fears over slowing global growth.

Dow Jones Forecast: Stocks Plunge, Traders Await WMT Earnings

Posted: 14 Aug 2019 02:30 PM PDT

The Dow Jones plunged 800 points on Wednesday as an inversion of yet another yield curve, alongside weak earnings from the retail sector, piled pressure onto the recently beleaguered stock market.

USD/MXN: Peso Eyes Mexico Central Bank Interest Rate Decision

Posted: 14 Aug 2019 01:18 PM PDT

The Mexican Peso is at risk with the country's central bank slated to release its latest monetary policy update which could reveal an interest rate cut. Where might USDMXN head next?

Crude Oil Price Triangle Persists - Downside Break May Help USD/CAD

Posted: 14 Aug 2019 12:00 PM PDT

With the US economy in the spotlight thanks to speculation that bond markets are signaling a recession in 2020, crude oil prices are losing ground once more.

Nasdaq 100 Forecast: Index Looks to NVDA Earnings, Key Support

Posted: 14 Aug 2019 12:00 PM PDT

The Nasdaq 100 threatened Fibonacci support beneath 7,500 on Wednesday but remains above the ascending trendline from December. Here are the price levels to watch in the week ahead.

Near-term Trade Setups in EUR/USD & AUD/USD

Posted: 14 Aug 2019 10:02 AM PDT

An update on near-term trade setups we've been tracking in Euro (EUR/USD) and Aussie (AUD/USD). These are the targets and invalidation levels that matter this week.

Gold Price Outlook: Gold Bulls Push, Show No Signs Yet of Abating

Posted: 14 Aug 2019 10:00 AM PDT

Gold prices have pushed back above the 1500 level as buyers remain aggressive on the bid.
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