DailyFX - Feeds all

DailyFX - Feeds all

Euro Price Outlook: EUR/USD Spirals into Support– Trade Levels

Posted: 12 Feb 2020 07:00 AM PST

Euro has been in free-fall since the start of the month with price now testing support just above the 2019 lows. Here are the levels that matter on the EUR/USD charts.

US Dollar Runs into Resistance; EUR/USD Brewing Potential Bear Trap

Posted: 12 Feb 2020 05:38 AM PST

It's been a really strong year in the US Dollar so far. But a bevy of drivers are ahead can USD bulls continue to push?

GBP Better Bid, EUR Slips, Indices Continue to Rally - US Market Open

Posted: 12 Feb 2020 05:10 AM PST

A relatively quiet session so far with Sterling and all European indices pushing higher, the Euro sliding further, while the cryptocurrency space continues to attract buyers.

USDMXN: Interest Rate Cut Unlikely to Damage Mexican Peso Attraction

Posted: 12 Feb 2020 02:30 AM PST

The Mexican central bank is expected to make a series of interest rate cuts this year to help reboot the ailing economy. Demand for the Mexican Peso however should remain strong.

British Pound (GBP), FTSE 100 Latest: Rising Together as Brexit Row Begins

Posted: 12 Feb 2020 01:10 AM PST

GBP/USD and the FTSE 100 generally move in opposite directions; now they are climbing together despite the UK and the EU digging in over financial services as Brexit political positioning begins.

Euro Outlook Bearish vs USD on Powell Testimony, Fed Speak

Posted: 12 Feb 2020 12:00 AM PST

EUR/USD may extend its decline if Fed Chairman Jerome Powell reinforces the central bank's wait-and-see approach to policy despite concerns about the impact of the coronavirus.

Crude Oil Prices Gain As Risk Appetite Holds Up After Fed's Powell

Posted: 11 Feb 2020 11:09 PM PST

Crude oil prices were higher on Tuesday as US stock gains and an upbeat assessment from the Fed Chair found investors more sanguine that coronavirus may have a limited global impact.

Bearish EUR/USD Behavior to Persist as RSI Flirts with Oversold Zone

Posted: 11 Feb 2020 10:00 PM PST

EUR/USD bounces back from a fresh monthly low (1.0891), but the bearish price action from the start of February may persist as the RSI flirts with oversold territory.

US Dollar May Fall vs Swedish Krona on Riksbank, Powell Report

Posted: 11 Feb 2020 09:00 PM PST

Technical cues are hinting at a bearish correction for USD/SEK ahead of the Riksbank rate decision and Fed Chairman Jerome Powell's second congressional testimony.

Gold Price to Take Cues from Coronavirus News Following Fed Testimony

Posted: 11 Feb 2020 06:00 PM PST

Developments surrounding the coronavirus may have a greater influence on the price of gold amid the limited reaction to the Fed testimony with Chairman Jerome Powell.

New Zealand Dollar Spikes Up As RBNZ Holds Rates As Expected

Posted: 11 Feb 2020 05:00 PM PST

The New Zealand Dollar got a lift as interest rates remained on hold at record lows. This had been expected, but the RBNZ is not above springing surprises.

Canadian Dollar May Gain as USD/CAD Stalls, NZD/USD Eyeing RBNZ

Posted: 11 Feb 2020 04:00 PM PST

The Canadian Dollar rose against the US Dollar despite some weakness in crude oil prices. USD/CAD may turn lower as the NZD/USD faces the upcoming RBNZ interest rate announcement.

Australian Dollar Price Outlook: Aussie Bears Stalls- Reversal Risk

Posted: 11 Feb 2020 01:30 PM PST

Australian Dollar is attempting to snap a six-week losing streak after rebounding off support at multi-year lows. Here are the levels that matter on the AUD/USD charts.

Bitcoin Price Forecast: BTC/USD Charges Past $10,000, Can it Continue?

Posted: 11 Feb 2020 01:00 PM PST

Bitcoin charged past the psychologically significant $10,000 mark on Tuesday as bulls continue to push the largest cryptocurrency by market cap higher. Where will the coin head next?

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

Posted: 11 Feb 2020 12:00 PM PST

US Dollar bulls have come rushing back so far in 2020 trade, and a series of USD drivers remain the calendar for the rest of this week.

Nasdaq 100, S&P 500 Forecasts: Record Levels Remain in Focus

Posted: 11 Feb 2020 11:30 AM PST

The Nasdaq 100 and S&P 500 waded into new territory on Tuesday which will see prior resistance turn to support and potentially provide assistance if bearish price action emerges.
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