DailyFX - Feeds all

DailyFX - Feeds all

Canadian Dollar Surges as BOC Holds Rates - Next Levels for USD/CAD

Posted: 04 Dec 2019 07:47 AM PST

USD/CAD rates have broken their uptrend from the October low, suggesting that the broader range in place since early-July will remain intact.

GBP/USD Spikes, AUD/USD Dips on GDP, US Dollar Selling Resumes - US Market Open

Posted: 04 Dec 2019 06:15 AM PST

The notable mover has been the Pound, rising to a fresh multi-month high of 1.3100. RBA concerns to rise on soft GDP report. USD drops on weak ADP.

US Dollar Technical Outlook: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Posted: 04 Dec 2019 05:33 AM PST

Sellers have come back into the US Dollar around the December open, begging the question as to whether the October sell-off has more room to run.

EUR/GBP Slumps - Markets Price In a Conservative Majority

Posted: 04 Dec 2019 04:10 AM PST

EUR/GBP is within a whisker of setting a new nine-month low and looks set to test an old horizontal support level made back in April 2017.

Canadian Dollar Technical Analysis Overview: USD/CAD Eyes Key Support

Posted: 04 Dec 2019 02:35 AM PST

Bank of Canada to dictate near term outlook for USDCAD, while CADJPY tests key support.

EUR/USD Forecast - Setting Up a Range Break Ahead of US ISM Data Release

Posted: 04 Dec 2019 01:00 AM PST

EUR/USD is testing resistance at just under 1.1100 and may break higher if the US dollar continues to weaken. Later today, US ISM services data could provide that catalyst.

Brexit Briefing: Trump Backs Brexit at NATO Meeting in UK

Posted: 04 Dec 2019 12:50 AM PST

US President Donald Trump has reiterated his support for the UK leaving the EU at a meeting of the NATO defense organization; GBP/USD tops 1.30 resistance.

Euro Outlook Shaky on Upcoming PMI Data, Renewed Trade Risks

Posted: 04 Dec 2019 12:00 AM PST

The Euro may fall against its major counterparts if local PMI data and escalating EU-US trade tensions fuel the urgency for ECB rate cuts. This may also cause EUR/USD to trim its recent gains.

Crude Oil Prices Up Despite New Trade Woes, Stock Data Eyed

Posted: 03 Dec 2019 11:00 PM PST

Crude oil prices were well supported by a surprise US inventory build and expectations of longer, deeper production cuts, despite generally weaker risk appetite.

Gold Price Eyes November High with US on Track to Raise China Tariffs

Posted: 03 Dec 2019 10:00 PM PST

The price of gold appears to be on track to test the November high ($1516) as the Trump administration plans to implement additional tariffs on Chinese goods.

AUD/USD and NZD/USD Outlook Bearish on Positioning Signals

Posted: 03 Dec 2019 09:00 PM PST

The US Dollar may regain its strength against the Australian and New Zealand Dollars. Trader positioning signals warn that AUD/USD and NZD/USD could soon begin turning lower.

Crude Oil Price and NOK Outlook Bearish on OPEC, Trade Wars

Posted: 03 Dec 2019 08:00 PM PST

Crude oil prices may suffer with the Swedish Krona and petroleum-linked Norwegian Krone if cross-continental trade tensions escalate ahead of the OPEC meeting in Vienna.

USD/CAD Rate Fails to Test October High Again Ahead of BoC Meeting

Posted: 03 Dec 2019 07:00 PM PST

The failed attempts to test the October high (1.3348) may generate a near-term correction in USD/CAD as the exchange rate tracks the price action from the third quarter.

Stocks Drop in Hong Kong as Trade War Trumps Upbeat PMI Data

Posted: 03 Dec 2019 06:00 PM PST

Stocks in Hong Kong look set to resume a six-month downtrend as trade war escalation sours the markets' mood, overshadowing upbeat Chinese PMI data.

Australian Dollar Stumbles As 3Q GDP Growth Just Misses Forecasts

Posted: 03 Dec 2019 04:30 PM PST

The perky Australian Dollar took a small knock after official growth figures saw quarterly growth just below market hopes. Annualized gains were on target however.

US Dollar Sinks as Global Trade War Woes May Fuel Yen Price Ahead

Posted: 03 Dec 2019 04:00 PM PST

The US Dollar declined as global trade war woes fueled 2020 Fed easing bets, ahead the anti-risk Japanese Yen may gain as the Australian Dollar sinks on local GDP data.

Dow Jones, S&P 500 Plummet as VIX Explodes on Trade War Worries

Posted: 03 Dec 2019 02:00 PM PST

The Dow Jones and S&P 500 sank on Monday and Tuesday following an explosion in the VIX on the back of a breakdown in the US-China trade war.

DAX 30, CAC 40, FTSE 100 Outlooks Cling to Support as Bears Emerge

Posted: 03 Dec 2019 10:00 AM PST

A deterioration in the US-China trade war has sparked an adverse reaction in the major European stock indices as each forfeited a month's worth of gains in just three days.

Euro Price Outlook: EUR/USD Surges Towards Fibonacci Resistance

Posted: 03 Dec 2019 08:30 AM PST

Euro has surged nearly 1% off the November lows with the rally now targeting initial resistance hurdles. Here are the levels that matter on the EUR/USD weekly chart.
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