DailyFX - Feeds all

DailyFX - Feeds all

Canadian Dollar Outlook: USD/CAD Plummets into Support- Loonie Stall?

Posted: 29 Oct 2019 08:30 AM PDT

The Canadian Dollar offensive has stalled with a three-week breakdown taking price into initial support. Here are the levels that matter on the USD/CAD weekly charts.

US Dollar Drops on Consumer Confidence Miss Ahead of FOMC

Posted: 29 Oct 2019 07:18 AM PDT

USD price action came under pressure following a disappointing Consumer Confidence report for October which sent the US Dollar Index to session lows.

GBP/USD Muted, USD/JPY Rejects 200DMA, EUR/CAD Tests 7-Year Trendline - US Market Open

Posted: 29 Oct 2019 06:40 AM PDT

The UK look to be heading towards a December general election. Canadian Dollar tracks oil prices lower, while Japanese Yen rejects 200DMA.

Gold Price Outlook: Bull Flag Tested, Can Gold Bulls Break Through?

Posted: 29 Oct 2019 05:31 AM PDT

Gold prices remain in a bull flag formation and last week's resistance test has seen a hold of October highs. Will Gold bulls re-take control around FOMC?

EUR/USD Biased Lower as High Importance Data and Events Near

Posted: 29 Oct 2019 03:42 AM PDT

The Eurozone economic calendar is packed full of market moving data in the second half of the week, and with the Euro already struggling, further falls in the single currency may well be on the cards.

Canadian Dollar Outlook: USD/CAD Testing Support as Rate Decisions Loom

Posted: 29 Oct 2019 02:30 AM PDT

USD/CAD continues to move lower and is nearing multi-month support. Wednesday's FOMC and BoC interest rate decisions - and rhetoric - may be the catalyst for the next leg lower.

Brexit Briefing: GBP/USD Eyes Today's Vote for Early Election

Posted: 29 Oct 2019 01:30 AM PDT

GBP/USD calm as Boris Johnson looks to try force an early election again in today's vote.

GBP/USD May Wobble Between Brexit Woes, US Consumer Confidence

Posted: 29 Oct 2019 12:00 AM PDT

GBP/USD may oscillate between the perils of Brexit and US consumer confidence data, though volatility may be tempered by traders withholding capital until the FOMC rate decision.

Crude Oil Prices Slip Back as Market Looks Nervously to US Stockpiles

Posted: 28 Oct 2019 10:56 PM PDT

Commodity markets are generally in thrall to hopes for a US rate cut, and better news on the US-China trade front. Oil has more specific worries in mind, with inventories in focus.

Gold Price Forecast: Bull Flag on Radar Ahead of Fed Rate Decision

Posted: 28 Oct 2019 10:00 PM PDT

Failure to test the monthly-low ($1459) may bring the topside targets on the radar for gold as a bull-flag formation continues to take shape.

US Dollar May Rise on USD/INR Bullish Hint as India Credit Teeters

Posted: 28 Oct 2019 09:00 PM PDT

The US Dollar may rise against the Indian Rupee with the latter vulnerable to deteriorating local credit conditions. The USD/INR chart hints that a turn higher may be due ahead.

US-China Trade War Crushes FDI in Latest Sign of Real-World Hit

Posted: 28 Oct 2019 08:00 PM PDT

Growth-linked currencies have gained as investors hope for progress on the trade front as well as stimulus from the Fed.The global economy however remains depressed and seems likely to remain so.

Palladium Prices Jump to Record High But Signs of Trouble Brewing

Posted: 28 Oct 2019 07:00 PM PDT

Palladium prices jumped to a record high above the $1800/oz figure but technical cues warn of ebbing momentum even as fundamental headwinds gather.

NZD/USD Rate Rebound Unravels Following Failed Test of September High

Posted: 28 Oct 2019 06:00 PM PDT

The recent rebound in NZD/USD unravels ahead of the September-high (0.6451), with the exchange rate carving a fresh series of lower highs and lows.

US Dollar Outlook: USD/KRW Downtrend May Slow Ahead of FOMC

Posted: 28 Oct 2019 05:00 PM PDT

USD/KRW's decline may soften if the US Dollar edges higher ahead of the FOMC rate decision against the backdrop of sour South Korean business survey data.

GBP not off the Hook as Parliament Rejects Election, AUD May Gain

Posted: 28 Oct 2019 04:00 PM PDT

The British Pound is still at risk to falling after the UK Parliament rejected a call for an early general election. Ahead, the Japanese Yen may weaken as the Australian Dollar gains.

Hong Kong Slips into Recession, but Fed Meeting Steals the Spotlight

Posted: 28 Oct 2019 02:42 PM PDT

The Hong Kong economy, the 31st largest in the world, slipped into a technical recession according to the city's Financial Secretary aid, yet the development has been largely overshadowed by the Fed.

US Dollar Price Volatility Report: GBP/USD, AUD/USD, USD/JPY Eyed

Posted: 28 Oct 2019 01:51 PM PDT

Ahead of the October Fed meeting, the US Dollar turns to the latest consumer confidence report and brings USD/JPY into focus while GBP/USD eyes Brexit and AUD/USD a speech from RBA's Lowe.

Nasdaq 100 Outlook: Top Earnings to Watch in the Week Ahead

Posted: 28 Oct 2019 11:41 AM PDT

The Nasdaq will look to extend its rally with the help of earnings reports from Facebook, Apple and Google in the week ahead. Still, Wednesday's Fed meeting could derail such an attempt.

VIX: Risk of Complacency as Stocks Hit Record on Fed & Trade Hopes

Posted: 28 Oct 2019 10:33 AM PDT

The VIX Index took a nosedive below the 13.00 handle as stocks in the S&P 500 soared to fresh records ahead of another Fed rate cut as as President Trump jawboned risk assets higher with trade opti...
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