DailyFX - Feeds all

DailyFX - Feeds all

Canadian Dollar Outlook: USD/CAD Plummets into Support– Loonie Levels

Posted: 02 Jan 2020 07:30 AM PST

The Canadian Dollar marked fresh yearly highs against the US Dollar into the close of 2019- price now at support. Here are the levels that matter on the USD/CAD charts.

US Dollar Outlook: GBP/USD, AUD/USD, USD/CAD - US Market Open

Posted: 02 Jan 2020 04:00 AM PST

US Dollar begins 2020 on the front foot, following its year-end drop. GBP/USD among underperformers, while AUD & NZD pulls back from overbought territory.

Fed Monetary Policy Outlook in 2020: FOMC Voting Changes

Posted: 02 Jan 2020 03:00 AM PST

2020 will see four regional Fed presidents rotate into voting spots, which will make for a slightly more dovish FOMC committee.

Canadian Dollar Soars, Euro Sinks. Will 2020 See Fortunes Reverse?

Posted: 02 Jan 2020 12:00 AM PST

The Canadian Dollar looks like this year's major currency winner, with higher oil prices and tempting interest rates among its charms. They should serve it well into the New Year too.

EUR/USD Rate Forecast: 2020 Opening Range in Focus

Posted: 01 Jan 2020 11:00 PM PST

The 2020 opening range in focus for EUR/USD as the exchange rate carves a series of higher highs and lows.

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

Posted: 01 Jan 2020 10:00 PM PST

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

Gold Prices Hold Near 4-Month Highs Despite US-China Trade Hopes

Posted: 01 Jan 2020 09:07 PM PST

Gold prices have shown no inclination to retreat significantly despite a broad rise in risk appetite. A weaker Dollar may be helping as investors bet US outperformance will wane.

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

Posted: 01 Jan 2020 08:00 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: 01 Jan 2020 07:00 PM 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 Steady as China Caixin Manufacturing PMI Just Misses

Posted: 01 Jan 2020 05:36 PM PST

The Australian Dollar didn't have much to say either way on news that China's private manufacturing sector still appears in better health than its state-linked counterpart.

USD/CAD Rate Trades Below 1.3000 Ahead of FOMC Minutes

Posted: 01 Jan 2020 05:00 PM PST

The bearish behavior in USD/CAD may persist ahead of the FOMC Minutes as the RSI dips into oversold territory for the first time since 2018.

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

Posted: 01 Jan 2020 04:00 PM 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: 01 Jan 2020 02:00 PM 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...

Top Trade Idea 2020: Long Equities and USD/SEK, Then Short AUD/JPY on Political Risk

Posted: 01 Jan 2020 12:00 PM PST

In 2020's adolescence, markets may continue to rejoice on ethereal optimism of improving fundamentals and US-China trade relations, but that may turn sour as the year progresses

Top Trade Idea 2020: Global Recession? Take the Under: Long Crude Oil, Long CAD/JPY

Posted: 01 Jan 2020 10:00 AM PST

One of the most popular calls in the second half of 2019 was that the global economy, led by the US, was moving towards a recession.
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