DailyFX - Feeds all

DailyFX - Feeds all

USD/MXN: Mexican Peso Plunging into Banxico Rate Decision

Posted: 14 Nov 2019 08:27 AM PST

The Mexican Peso could continue to come under pressure amid technical weakness and the prospect of another Banxico rate cut expected to be delivered Thursday at 19:00 GMT.

USD/CAD Jumps with BOC Rate Odds; AUD/USD Hit as RBA Cut Odds Rise - Central Bank Watch

Posted: 14 Nov 2019 07:40 AM PST

While the global economy may be avoiding a significant slowdown, traders are clearly signaling that they don't think the "race to the bottom" may be over yet.

US Dollar Firms as AUD/USD Suffers, EUR/USD Drops - US Market Open

Posted: 14 Nov 2019 05:30 AM PST

Australian Dollar slumps on weak labour market report, eyes on RBA QE talk. Euro remains soft despite Germany avoiding a technical recession.

Bitcoin (BTC) Price Struggle Continues, Mired by Conflicting Signals

Posted: 14 Nov 2019 05:30 AM PST

Bitcoin is struggling to find a direction and is stuck in a six-week range as volatility subsides. Traders should be alert as quiet conditions sometimes pave the way for a sharp breakout.

DAX, FTSE 100 and IBEX Technical Analysis Forecast

Posted: 14 Nov 2019 02:30 AM PST

Upside in the DAX appears exhausted as the index follows the risk off tone, while FTSE 100 breaks rising channel. Political uncertainty weighs on IBEX

Brexit Briefing: GBP Outlook Enhanced as Fiscal Policy Dominates Election

Posted: 14 Nov 2019 01:00 AM PST

Both of the main political parties fighting the UK General Election are promising more public spending, in a development that could ultimately lead to UK interest rates being higher than currently ...

EUR/USD Price Remains Under Pressure and Searches for Support

Posted: 14 Nov 2019 01:00 AM PST

EUR/USD continues its drift lower and continues to make fresh multi-week lows. The path of least resistance guides towards an eventual re-test of lows seen in mid-2017.

Euro Outlook: EUR/USD Decline May Accelerate Ahead of GDP Data

Posted: 14 Nov 2019 12:00 AM PST

The decline in EUR/USD may be amplified if Eurozone GDP data fuels urgency for the ECB to cut rates as the region's slowdown threatens financial integrity in the Eurozone.

Euro Outlook Dour Even as Germany Narrowly Avoids Recession

Posted: 13 Nov 2019 11:00 PM PST

The Euro looks likely to continue lower even as German GDP data shows the Eurozone's top growth engine avoided recession in the third quarter.

Crude Oil Prices Up Despite China Data Miss, Fed's Powell in Focus

Posted: 13 Nov 2019 10:00 PM PST

Crude oil prices were up on worries about future supply reductions even as US-China trade continued to worry markets and Chinese numbers disappointed.

USD/CAD Rate Tracks October Range Amid Failure to Test 2019 Low

Posted: 13 Nov 2019 09:00 PM PST

USD/CAD may continue to retrace the decline from the previous month amid the failed attempt to test the 2019 low (1.3016).

AUD/USD, USD/CAD, EUR/USD Price Outlook Using Sentiment

Posted: 13 Nov 2019 08:30 PM PST

The AUD/USD and EUR/USD downtrend may prolong as traders counterintuitively buy into their descent. Meanwhile, the USD/CAD uptrend may accelerate on rising net-short bets.

US Dollar, Stocks Eye Powell Testimony as Trade Talks Stumble

Posted: 13 Nov 2019 08:00 PM PST

The US Dollar along with European and US equity markets will be closely watching Fed Chairman Jerome Powell's second Congressional testimony as US-China trade talks flounder.

Gold Prices React to Former Resistance Zone and Snap Bearish Series

Posted: 13 Nov 2019 07:00 PM PST

Recent price action in gold raises the scope for a larger rebound as the precious metal snaps the series of lower highs and lows carried over from the previous week.

AUD/USD Hit by China Data Miss, Downtend May Deepen

Posted: 13 Nov 2019 06:24 PM PST

The Australian Dollar was already reeling from weak labor market figures when disappointing Chinese industrial production knocked it again.

Australian Dollar Sinks, AUD/USD Downtrend in Focus on Jobs Miss

Posted: 13 Nov 2019 04:30 PM PST

The AUD/USD sank after Australian unemployment unexpectedly rose, prolonging the Australian Dollar downtrend amid uncertainty about a US-China trade deal. Ahead, the Yen may rise.

Gold Forecast: Are Spot Gold Prices (XAU) Set to Resume Rally?

Posted: 13 Nov 2019 02:46 PM PST

The price of gold has slid roughly 6% from its 2019 peak down to its lowest level since early August, but is there potential for the precious metal to resume its rally and push XAU prices higher?

Japanese Yen Outlook: USD/JPY Drive Higher Stalls at Resistance

Posted: 13 Nov 2019 01:00 PM PST

Recent US Dollar strength has seen USD/JPY drive higher. Now, the pair is approaching the 200DMA and horizontal resistance which it will have to surmount before continuing higher.

Dow Jones Outlook Muddied as Trade Talks Hit an Impasse

Posted: 13 Nov 2019 11:28 AM PST

The Dow Jones gapped lower in mid-day trading after it was released that US and China trade talks have hit an impasse over agricultural purchases.

US Dollar Forecast: DXY Index Rally Tracks Falling Fed Rate Cut Odds

Posted: 13 Nov 2019 10:26 AM PST

With traders less concerned about the Federal Reserve's interest rate cut cycle, the US Dollar has been able to gain ground against its major counterparts.
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