DailyFX - Feeds all

DailyFX - Feeds all

Oil Price Outlook: Crude Sinks 6% – WTI Targets Technical Support

Posted: 23 Jan 2020 09:00 AM PST

Oil prices plummeted more-than 6% this week with crude targeting initial support targets just lower. Here are the trade levels that matter on the WTI technical charts.

Euro Sinks on ECB: EUR/USD Fresh 2020 Lows, EUR/JPY Tests 121.00

Posted: 23 Jan 2020 07:32 AM PST

It was a quiet outlay from the ECB but the single currency did push a bearish move. Will sellers be able to re-take control of the Euro?

AUD/USD Rises, RBA Rate Cut Bets Slashed, EUR/USD Tests Support - US Market Open

Posted: 23 Jan 2020 06:30 AM PST

Firm Australian Jobs report quells RBA rate cut expectations, prompting AUD/USD jump. EUR/USD tests support amid ECB, eyes on PMIs and Italy.

Canadian Dollar Price Outlook: Loonie Breakdown Propels USD/CAD

Posted: 23 Jan 2020 06:00 AM PST

The Canadian Dollar broke down yesterday as driven by the Bank of Canada rate decision. Does the move have continuation potential?

ECB Leaves Rates Unchanged, As Expected; Euro Stable

Posted: 23 Jan 2020 05:00 AM PST

The European Central Bank has left Eurozone interest rates and its bond-buying program where they were and has confirmed a policy review that could lead to a change in its inflation target.

USD/CNH Price Analysis - Chinese Yuan Slump Continues as Coronavirus Fears Escalate

Posted: 23 Jan 2020 03:00 AM PST

The sharp Chinese Yuan sell-off continues with USD/CNH back at a near two-week high as market participants become increasingly worried about the spread of the deadly Coronavirus.

Dow Jones and S&P 500 Forecasts for the Day Ahead

Posted: 23 Jan 2020 02:00 AM PST

S&P 500 uptrend persists; however, we caution chasing the market higher. Dow Jones edges lower, eyes on Boeing and Apple earnings

British Pound (GBP) Latest: Break Higher Points to Further Gains

Posted: 23 Jan 2020 01:00 AM PST

The outlook for GBP/USD has brightened after a breach of key resistance Wednesday. The Brexit Bill completed its passage through Parliament and will now become law.

Euro May Fall as the ECB Stays Cautious Despite Economic Upturn

Posted: 23 Jan 2020 12:00 AM PST

The Euro may fall as the ECB maintains a cautious tone despite recently improving economic conditions. Details of its upcoming policy review will be closely watched.

Crude Oil Price Down on Coronavirus Worries, US Stocks Drop

Posted: 22 Jan 2020 11:00 PM PST

Crude oil prices continued to fall victim to the weaker risk appetite evident as investors watched headlines for news of the coronavirus. Beijing has taken steps to quarantine the city of Wuhan whe...

Bullish Gold Price Outlook Mired by Recent Developments in RSI

Posted: 22 Jan 2020 10:00 PM PST

Recent developments in the Relative Strength Index (RSI) offer a mixed outlook for the price of gold as the oscillator struggles to retain the upward trend from December.

China-Sweden Tensions Flare Up: Another Trade War in 2020?

Posted: 22 Jan 2020 07:00 PM PST

While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world.

EUR/USD January Opening Range Casts Bearish Outlook with ECB on Hold

Posted: 22 Jan 2020 05:00 PM PST

The opening range for 2020 raises the scope for a further decline in EUR/USD as the correction from last year failed to produce a test of the August high (1.1250).

Australian Dollar Up as Job Creation Surges Again, But Full-Time Roles Fall

Posted: 22 Jan 2020 04:35 PM PST

The Australian Dollar got a boost as its home country's job-creation machine keeps rolling. However December's 28,900 new jobs were solely accounted for by part-time positions.

USD/CAD, GBP/CAD, AUD/CAD Rates Soar. BoC, BoE Next Rate Move Eyed

Posted: 22 Jan 2020 04:00 PM PST

The Canadian Dollar weakened as USD/CAD, AUD/CAD and GBP/CAD rose on a dovish BoC. The British Pound gained as upbeat UK business confidence cooled Bank of England rate cut bets.

AUD/USD, AUD/JPY & AUD/CAD: Australian Dollar Turns to Jobs Data

Posted: 22 Jan 2020 02:16 PM PST

Expected currency volatility in the Australian Dollar is spiking ahead of the upcoming release of Australia employment data with AUD price outlook hinging largely on the latest labour force report.

Crude Oil Price Outlook: WTI Falters, Can Support Rescue Price?

Posted: 22 Jan 2020 12:30 PM PST

Crude oil suffered another string of declines this week as it clings to trendline support and the 200DMA. While it has buoyed price for now, it may only delay the inevitable break.

Sterling Price Outlook: British Pound Breakout Trade- GBP/USD Levels

Posted: 22 Jan 2020 12:30 PM PST

Sterling surged 1.4% against the Dollar off the monthly lows with the rally breaking the December downtrend. Here are the levels that matter on the GBP/USD charts.

New Zealand Dollar Price Outlook: Kiwi Nears Support- Bears Beware

Posted: 22 Jan 2020 09:30 AM PST

New Zealand Dollar is off more than 2.4% from the December highs with Kiwi now targeting confluence support. Here are the levels that matter on the NZD/USD weekly chart.

Canadian Dollar Outlook Deteriorates after January BOC Rate Decision

Posted: 22 Jan 2020 09:20 AM PST

A stark change in tone from the BOC from just earlier this month caught traders by surprise, sending the Canadian Dollar tumbling across the board.
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