DailyFX - Feeds all

DailyFX - Feeds all

Canadian Dollar Price Outlook: USD/CAD Bulls at Risk- Loonie Levels

Posted: 24 Jan 2020 08:30 AM PST

Canadian Dollar is down more than 0.5% this week with USD/CAD rallying into technical downtrend resistance. Here are the levels that matter on the Loonie weekly chart.

China Makes a Bet Against the US Dollar as World Reserve Currency

Posted: 24 Jan 2020 08:15 AM PST

There's a significant reason why China has been issuing debt denominated in US Dollars.

US Dollar Tests Fibonacci Resistance at Fresh Six-Week-Highs

Posted: 24 Jan 2020 07:37 AM PST

The US Dollar has pushed up to a fresh six-week-high, testing a big zone of resistance. Can USD bulls continue to push?

GBP/USD Forecast: Levels to Watch, Crude Oil Prices Plunge - US Market Open

Posted: 24 Jan 2020 06:40 AM PST

UK PMI surge should see the Bank of England refrain from cutting interest rates next week. Euro eyes Italy risk, while crude oil plunges.

Gold Price Outlook: XAU Prices Coil - Is Another Breakout Brewing?

Posted: 24 Jan 2020 05:30 AM PST

Gold prices held the bid this week but horizontal resistance remains. Are Gold prices on the cusp of another bullish breakout?

USD/CAD, EUR/USD, AUD/USD Technical Analysis for Next Week & More

Posted: 24 Jan 2020 05:00 AM PST

USD/CAD rallied, but is reversing off of resistance while the Euro is breaking down below key support; there are a few other key developments to watch in week ahead.

British Pound (GBP) Latest: Strong UK PMIs Support Positive GBP/USD Outlook

Posted: 24 Jan 2020 02:30 AM PST

The British Pound remain one of the week's best performing currencies, despite fears of a BoE rate cut next week. Finally, the Brexit process nears the end with EU chiefs signing off the Withdrawal...

Crude Oil Analysis: Crude Price (CL/USD) Seeks Support as Coronavirus Spreads

Posted: 24 Jan 2020 01:26 AM PST

A very bad week for oil bulls with prices collapsing throughout the week. Technical support looks tentative, while the fundamental backdrop remains weak.

Euro Dollar Forecast: EUR/USD Risks to Resurface Amid Weekend Italian Election

Posted: 24 Jan 2020 01:10 AM PST

Italy is back on the agenda as focus turns towards the regional Italian election. Government stability to wobble on Salvini win.

Yen May Fall as Markets Cheer PMI Data, Backdrop Still Tense

Posted: 24 Jan 2020 12:00 AM PST

The Japanese Yen may fall as PMI data from many of the world's top economies suggests growth is firming. Follow-through might prove lacking however.

Gold Prices Ease, WHO Avoids Naming Coronavirus Global Emergency

Posted: 23 Jan 2020 11:11 PM PST

Gold prices remain well underpinned and risk appetite generally fragile as investors watch screens for coronavirus headlines. However, they retreated a little on the World Health Organization's cla...

How to Trade the Impact of Politics on Global Financial Markets

Posted: 23 Jan 2020 10:00 PM PST

As the global economy continues to contract, the risk of geopolitical threats undermining financial and economic stability are rising, leaving the door open to violent volatility – and trading oppo...

Rupee 2020 Outlook: India Stagflation Risk May Boost USD/INR Rate

Posted: 23 Jan 2020 09:00 PM PST

The Indian Rupee 2020 outlook is bearish as India faces stagflation risk amid rising onion and crude oil prices. USD/INR may rise in the medium-term as the RBI defers hiking rates.

Australian Dollar May Not Have Much to Gain From US-China Deal

Posted: 23 Jan 2020 06:00 PM PST

The Australian Dollar has risen in anticipation of a deal Washington and Beijing. But the Australia-China trade relationship has not suffered much and may even have been helped by China's spat with...

Japanese Yen, New Zealand Dollar Gain as Euro Depreciates Post ECB

Posted: 23 Jan 2020 04:00 PM PST

The anti-risk Japanese Yen gained as fears of the coronavirus spread. The Euro depreciated as the ECB further pushed back tightening prospects. NZD/USD gained on New Zealand CPI data.

Bitcoin (BTC) Price Forecast: Coin Probes Key Resistance, Fails First Test

Posted: 23 Jan 2020 02:30 PM PST

Bitcoin has enjoyed a strong start to 2020, surging off support and into resistance offered by the 200-day simple moving average. After failing the first test, can bulls break above?

NZD/USD Price Outlook: New Zealand Dollar Eyes Inflation & RBNZ

Posted: 23 Jan 2020 01:12 PM PST

The New Zealand consumer price index (CPI) for 4Q-2019 is set to cross the wires Thursday, January 23 at 21:45 GMT and puts NZD price action at risk of experiencing outsized moves.

EUR/USD Breaks Down, Oil Tests Key Support as Risk-Off Hints Appear

Posted: 23 Jan 2020 12:00 PM PST

EUR/USD breaks down to fresh 2020 lows, but can sellers push through 1.1000? And further, can the US Dollar grind through a key resistance zone?

Australian Dollar (AUD) Forecast: AUD/USD, AUD/CAD Rebounds Stall

Posted: 23 Jan 2020 10:30 AM PST

The Australian Dollar enjoyed a brief rally on the back of encouraging jobs data, until broader risk aversion worked to undermine the initial gains. Can the jobs data propel AUD in the days to come?
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