DailyFX - Feeds all

DailyFX - Feeds all

Sterling Price Outlook: British Pound Surges- Bulls Face First Test

Posted: 13 Feb 2020 08:30 AM PST

Sterling surged more than 1.1% this week with a four-day rally taking the British Pound towards trend resistance. Here are the levels that matter on the GBP/USD charts.

US Dollar Price Analysis: Most Overbought Since August 2018

Posted: 13 Feb 2020 07:02 AM PST

US Dollar bulls have made a strong push through February trade, bringing on an overbought reading via RSI on the Daily chart of DXY.

US Dollar Lifts on Strong Inflation Data

Posted: 13 Feb 2020 05:36 AM PST

US CPI crossed the wires at 2.5% on a yearly basis this morning, sending the US Dollar higher

Crude Oil Price Outlook Worsens Again After Bearish IEA Report

Posted: 13 Feb 2020 03:00 AM PST

The outlook for crude oil prices has turned negative again after an IEA prediction that the coronavirus outbreak will reduce first-quarter demand for the commodity.

Euro Price Outlook - EUR/USD, EUR/GBP Slumps Continue Unchecked

Posted: 13 Feb 2020 02:33 AM PST

The single currency continues to weaken with EUR/USD and EUR/GBP hitting new multi-month lows. Tomorrow's German and Euro-Zone GDP prints are now key to the Euro's short-term direction.

Ripple (XRPUSD) Price Action - Consolidation Before the Next Move

Posted: 13 Feb 2020 01:07 AM PST

Ripple has jumped the best part of 20% in the last two days, breaking through an old resistance level. XRP now needs to confirm this move if the rally is to continue.

British Pound (GBP) Latest: Edging Ahead, 1.30 and Above in Sight for GBP/USD

Posted: 13 Feb 2020 01:00 AM PST

GBP/USD looks to be heading up to the 1.30 level for the first time since February 5, with further gains possible from there; Boris Johnson's cabinet reshuffle now seems unlikely to move Sterling.

US Dollar May Rise on Haven Demand as Coronavirus Fears Swell

Posted: 13 Feb 2020 12:00 AM PST

The US Dollar may rise on haven demand and shrug at CPI data as fear about the spread and impact of the coronavirus holds markets hostage.

Gold Prices Climb Again As China Coronavirus Cases Surge

Posted: 12 Feb 2020 11:05 PM PST

Gold and other counter -cyclical assets got new support on Thursday as a new clinical diagnosis method saw a huge spike in cases of coronavirus in Hubei Province.

Euro Outlook Bearish as EUR/CHF Approaches 5-Year Low

Posted: 12 Feb 2020 09:00 PM PST

EUR/CHF is on the verge of testing a five-year low with risks of further losses if the pair shatters key support. However, positive RSI divergence may be hinting at a recovery ahead.

Yen Outlook: USD/JPY Shorts in Focus, AUD/JPY May Fall on Long Bets

Posted: 12 Feb 2020 08:00 PM PST

The Japanese Yen may fall if equities continue shrugging off fears around the coronavirus, but what is the outlook for USD/JPY and AUD/JPY from a psychological standpoint?

Australian Dollar, ASX 200 Hint at Resilience Despite Virus Fears

Posted: 12 Feb 2020 06:48 PM PST

The coronavirus struck at a time when markets were looking ahead with more optimism than had been seen for a while. Of course the contagion has hit that trade, but it hasn't destroyed it.

Oil Forecast: RSI Offers Buy Signal Even as OPEC Cuts Demand Forecast

Posted: 12 Feb 2020 05:00 PM PST

The price of oil may attempt to break out of the monthly range as the Relative Strength Index (RSI) offers a textbook buy signal.

USD/JPY, AUD/USD, NZD/USD Sink as Coronavirus Cases Surge Nearly 15k

Posted: 12 Feb 2020 04:00 PM PST

The Japanese Yen soared as China revised the method for counting coronavirus cases, leading to a surge in reports. S&P 500 futures fell alongside USD/JPY, AUD/USD and NZD/USD.

Canadian Dollar Forecast: USD/CAD Reverses Near Resistance, Will it Continue Lower?

Posted: 12 Feb 2020 02:00 PM PST

USD/CAD fell this week after the pair approached resistance around the 1.3340 mark. Will it continue lower or can USD bulls regain their footing and probe the levels overhead?

DAX 30 & FTSE 100 Forecasts for the Week Ahead

Posted: 12 Feb 2020 10:15 AM PST

The DAX 30 pressed to record levels on Wednesday after breaching various levels of technical resistance. Meanwhile, the FTSE 100 remains a laggard.
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