DailyFX - Feeds all

DailyFX - Feeds all


Gold Forecast 1Q-2020: Shift in US Trade Policy Casts Bullish Outlook

Posted: 01 Jan 2020 08:00 AM PST

The price of gold appears to be stuck in a narrow range after trading at its highest level since 2013, but the precious metal may continue to exhibit a bullish behavior in 2020 as market participan...

Top Trade Idea 2020: Short USD/JPY Below 6-Year Wedge

Posted: 01 Jan 2020 06:00 AM PST

We start off this new trading year with an unmistakable speculative appetite that has pushed certain benchmarks of 'risk' - like the Dow and S&P 500 - to record highs.

Top Trade Idea 2020: Short AUD/USD, Ranging USD/CAD

Posted: 01 Jan 2020 04:00 AM PST

The AUD/USD rebound following the 2019 currency market flash-crash has been capped by the 200-Day SMA (0.6909), with the exchange rate staging multiple failed attempts to break/close above the movi...

Top Trade Idea 2020: USD/MXN Set Up for a Volatility Breakout; Good Omen for Dollar, FX Vol

Posted: 01 Jan 2020 12:00 AM PST

USD/MXN is setting itself for a major breakout in volatility, and of course with it a large price moves once the breakout sorts itself out, clean or not.

Top Trade Idea 2020: Long NOKSEK – Seasonal Trends Remain Prominent

Posted: 31 Dec 2019 10:00 PM PST

As has typically been the case over the past 5-years price action in NOK/SEK has been typically characterized by selling into the yearend before posting a notable rebound in Q1.

AUD Forecast 1Q-2020: Australian Dollar Outlook Grim on Fed RBA Rates Path

Posted: 31 Dec 2019 08:00 PM PST

The Australian Dollar steadied in the fourth quarter. The bellwether AUD/USD exchange rate settled into a choppy range after finding support at decade lows in early August as ebbing concerns about ...

Top Trade Idea 2020: Short EUR/USD - Euro May Crumble as Dovish ECB, Political Risks Weigh

Posted: 31 Dec 2019 04:00 PM PST

The Euro faces a challenging path forward in 2020. Regional economic growth remains at near-standstill, all but assuring a durably dovish ECB.

Top Trade Idea 2020: Canadian Dollar 2020 Outlook, Yield Advantage Against AUD and NZD

Posted: 31 Dec 2019 02:00 PM PST

My top trading opportunities in 2019 were going long the Canadian Dollar against currencies such as the Australian and New Zealand Dollars.

Top Trade Idea 2020: Long European Equities on Fiscal Stimulus Prospects

Posted: 31 Dec 2019 12:00 PM PST

In the twilight of 2019, the Eurozone economy saw its annual growth forecast slip to the lowest since 2013 after flirting with stagnation for months, but rounded out the year with a comfortably pos...

Top Trade Idea 2020: Short: EUR/NZD – Bearish Signals on the weekly chart

Posted: 31 Dec 2019 11:00 AM PST

On Oct 18, uptrend move led EUR/NZD to a multi- year high at 1.7929. On Oct of this year the price rallied again. However, the pair has not been able to push towards the previous peak highlighting ...

Australian Dollar Forecast: AUD/USD Surges, but Rally Looks Overdone

Posted: 31 Dec 2019 10:30 AM PST

The Australian Dollar added to recent gains as President Trump announced the United States and China will meet to sign the "Phase One" trade deal on January 15. Can AUD/USD extend higher still?

Top Trade Idea 2020: Long EUR/JPY – Chart Suggests a Bullish Set-up in the Making

Posted: 31 Dec 2019 10:00 AM PST

My forex-pair to watch for a longer-term set-up in 2020 is long EUR/JPY with the charts currently suggesting that the heavy sell-off initiated at the start of 2018 is finally breaking down.

Top Trade Idea 2020: Short EUR/GBP – Sterling to Rise as Brexit Uncertainty Fades After UK Election

Posted: 31 Dec 2019 09:00 AM PST

The election of a clear majority government in the UK after years of Brexit deadlock won't make all the nation's considerable economic and social difficulties disappear but it does remove uncertain...

US Dollar Gyrates after Consumer Confidence Miss

Posted: 31 Dec 2019 08:47 AM PST

The Conference Board Consumer Confidence Index printed a reading of 126.5 for December, missing expectations of 128.2 as the short -term outlook for income and labor market conditions decrease

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