DailyFX - Feeds all

DailyFX - Feeds all

Strait of Hormuz: The World’s Most Important Oil Chokepoint

Posted: 21 Aug 2019 08:30 AM PDT

With over a third of global seaborne crude oil and a fifth of oil traded worldwide flowing through the Strait of Hormuz, this narrow nautical channel may be the world's most important chokepoint.

EUR/USD, EUR/JPY Coil into Symmetrical Triangles Ahead of Eurozone PMIs, Jackson Hole

Posted: 21 Aug 2019 07:45 AM PDT

The Euro hasn't gotten a lot of attention recently as traders have been distracted by Brexit and the US-China trade war. That could soon change.

Turkish Lira Price: USD/TRY Uptrend Eyes Another Break Out

Posted: 21 Aug 2019 07:10 AM PDT

Yesterday, USD/TRY rallied off the zone testing four weeks high. Here are the key chart points that could slow down current uptrend or maybe stop it

Crude Oil Prices Heads Higher, Canada Extends Oil Production Cuts - US Market Open

Posted: 21 Aug 2019 05:30 AM PDT

Brent crude futures are notably firmer this morning following broader risk sentiment and US oil inventory drop, while the South African Rand outperforms on lower inflation.

US Dollar Price Outlook: USD Primed for FOMC Minutes, Jackson Hole

Posted: 21 Aug 2019 05:30 AM PDT

The US Dollar is flat on the week but a couple of big drivers are ahead on the economic calendar. FOMC Minutes are on the docket for 2 PM ET.

GBP/USD: Traders continue to remain net-long

Posted: 21 Aug 2019 05:15 AM PDT

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

EUR/USD: Traders remain net-long since July despite decrease in price

Posted: 21 Aug 2019 05:08 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 EUR/USD trading bias.

S&P 500, Crude Oil, Gold Price Technical Outlook & More

Posted: 21 Aug 2019 04:30 AM PDT

The S&P 500 is heading towards the high end of the range near-term, crude oil into resistance, while gold continues to correct in a constructive manner…

Canadian Dollar Price Outlook: USD/CAD Faces Data and Central Bank Risks

Posted: 21 Aug 2019 04:00 AM PDT

The latest look at Canadian inflation data today will help guide USD/CAD traders but with the today's FOMC minutes and Fed Powell's speech on Friday, the pair may be in for a rocky ride.

USD/CHF, EUR/CHF Price: May Correct Higher as Support Holds

Posted: 21 Aug 2019 02:30 AM PDT

Since the end of July Euro and US Dollar has been moving in a downtrend against Swiss Franc. Here are the key tech levels EUR/CHF and USD/CHF need to overcome to correct this downward momentum.

DAX 30 & CAC 40 Technical Outlook: Just a Bounce or More?

Posted: 21 Aug 2019 02:30 AM PDT

The German and French benchmarks are finding some life off recent lows, but it's a questionable rally at this time.

Negative Yielding Government Bonds – What Are They Telling Us?

Posted: 21 Aug 2019 01:30 AM PDT

There is in excess of USD 16 trillion of negative yielding government debt (bonds) trading in the market at the moment. Every day investors hold these bonds, they lose money.

Gold Price Analysis: FOMC Minutes Ahead, However, Jackson Hole Takes Precedence

Posted: 21 Aug 2019 01:00 AM PDT

Gold hovering around psychological $1500 ahead of FOMC minutes. However, greater focus should perhaps be placed on Jackson Hole.

EURUSD Weakness to Persist on Less-Dovish Fed Rhetoric

Posted: 20 Aug 2019 11:50 PM PDT

EURUSD may continue to give back the advance from the August-low (1.1027) as a growing number of Federal Reserve officials tame speculation for a rate easing cycle.

US Dollar May Rise vs Euro if FOMC Minutes Cool Fed Rate Cut Bets

Posted: 20 Aug 2019 11:30 PM PDT

The US Dollar may rise vs the Euro if the FOMC meeting minutes cool rising rate cut bets amid growing downside risks to the global economy.

Stocks Mixed, Gains Narrow. Italian Politics Add To Lengthy Worry List

Posted: 20 Aug 2019 10:07 PM PDT

Local equity markets put in a nervy mid-week performance as investors looked ahead to Jackson Hole and worried a little about Eurozone stability as another election looms for Italy's top political job

Gold Prices Brace for Impact, Eye Bond Yields as FOMC Minutes Loom

Posted: 20 Aug 2019 10:00 PM PDT

Gold prices are bracing for impact as July's FOMC meeting minutes set the tone for rate cut expectations. The response from bond yields may be trend-defining.

US Dollar Technical Outlook Versus PHP, SGD, MYR and INR Bearish?

Posted: 20 Aug 2019 08:30 PM PDT

Will the US Dollar see near-term losses against the Philippine Peso, Singapore Dollar and Malaysian Ringgit? Technical signals seem to point in that direction as FOMC minutes near.

Crude Oil Prices, NOK May Fall on Norway Sovereign Wealth Fund Data

Posted: 20 Aug 2019 08:30 PM PDT

Crude oil prices and the Norwegian Krone may fall if the world's largest petroleum-linked sovereign wealth fund's earnings amplify global recession fears.

Neither Dollar Nor S&P 500 Fazed by Trump Remarks Recession May be Necessary

Posted: 20 Aug 2019 08:07 PM PDT

President Trump has graduated beyond the saying that 'trade wars are good and easy to win'. Flirting with an unsteady market, he signaled Tuesday that to inflict pain on China, it may be worth weathering a 'short' US recession.

Stocks in Australia Look To Jackson Hole To Decide Near-Term Path

Posted: 20 Aug 2019 07:09 PM PDT

Australia's benchmark ASX 200 has held important support but upside progress has not been convincing as global equities wait for direction curs from the Jackson Hole symposium.

AUDUSD Monthly Range on Radar Ahead of Fed Economic Symposium

Posted: 20 Aug 2019 05:30 PM PDT

The monthly opening range sits on the radar for AUDUSD as attention turns to the Kansas City Fed Economic Symposium in Jackson Hole, Wyoming.

Euro Faces Mixed Signals Post Italy PM Resignation, Yen May Gain

Posted: 20 Aug 2019 04:00 PM PDT

The Euro and bond yields brushed off Italian Prime Minister Giuseppe Conte resigning, with EUR/USD facing mixed technical and sentiment signals. The anti-risk Yen may gain ahead.

USD Price Outlook: US Dollar Eyes FOMC Minutes & Jackson Hole

Posted: 20 Aug 2019 02:45 PM PDT

Forex traders could experience significant US Dollar volatility over the next week with the release of the July FOMC minutes Wednesday and Jackson Hole Economic Symposium slated to kick off Thursday.

S&P 500 Price Targets: SPX Consolidation Levels – Technical Trade Outlook

Posted: 20 Aug 2019 01:00 PM PDT

The S&P 500 remains within a broad consolidation level just below a key pivot zone we've been tracking for weeks. These are the levels that matter on the SPX500 charts.
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