DailyFX - Feeds all

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Silver Squeeze – The Meme Stock After-Thought that Didn’t Quite Take Off

Posted: 15 Jul 2021 08:30 AM PDT

Short squeezes in the silver market were fundamentally doomed from the start amid mass controversy

Oil Price Rebound Unravels as OPEC+ Negotiations Still Continue

Posted: 15 Jul 2021 07:00 AM PDT

The price of oil gives back the rebound from the monthly low ($70.76) even as US inventories contract for nine straight weeks amid the ongoing deadlock within OPEC.

What is Earnings Season & What to Look for in Earnings Reports?

Posted: 15 Jul 2021 04:00 AM PDT

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.

British Pound Outlook: Hawkish Twist By BoE's Saunders Sends Sterling Sharply Higher

Posted: 15 Jul 2021 03:35 AM PDT

GBP/USD jumps 60 pips after Bank of England policy maker Michael Saunders hints at 'curtailing the current asset purchase program'

Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities

Posted: 15 Jul 2021 03:30 AM PDT

Back at the end of June, the National Bank of Hungary became the first of the European Union's central banks to start increasing interest rates to ward off the possibility of inflation taking off a...

Canadian Dollar Outlook - USD/CAD Short-Term Consolidation After BoC Adjusts its Bond-Buying Program

Posted: 15 Jul 2021 02:30 AM PDT

The multi-week USD/CAD retracement may be put on hold in the short term as a variety of technical signals cloud the outlook.

EUR Q3 Fundamental Forecast: ECB Review May Lead to Euro Weakness

Posted: 15 Jul 2021 01:30 AM PDT

As predicted at the end of March in the second quarter forecast, EUR/USD rallied strongly in Q2, rising from a low of 1.1704 on March 31 to a high of 1.2266 on May 25 before dropping back.

British Pound (GBP) Price Outlook: GBP/USD Steady After UK Jobs Data

Posted: 15 Jul 2021 01:00 AM PDT

GBP/USD is broadly stable in Europe Thursday after a mixed batch of UK employment figures that showed a jump in average earnings, including bonuses, but a tick higher in the unemployment rate.

US Dollar Faces Day Two of Powell Testimony. Will It Hold Up?

Posted: 15 Jul 2021 12:03 AM PDT

The US Dollar was notably resilient despite what the markets saw as dovish rhetoric from Fed Chair Jerome Powell. Will it stand up to another day of testimony?

Equities Q3 Fundamental Forecast: Stocks to Enjoy Continued Economic Recovery, Seasonality a Concern

Posted: 14 Jul 2021 11:00 PM PDT

The Dow Jones, S&P 500 and Nasdaq 100 entered the third quarter on the back of yet another strong showing in the post-pandemic era as stocks continued to climb across all sectors.

Gold, Crude Oil Price Forecast: Technicals in Focus as Yield Drop Propels XAU

Posted: 14 Jul 2021 09:00 PM PDT

Gold is testing the critical 200-day SMA after an improved fundamental backdrop helped the yellow metal gain in July. Meanwhile, Crude oil is looking lower.

AUD/USD Under Pressure After Mixed Australian Jobs & Chinese GDP Data

Posted: 14 Jul 2021 07:30 PM PDT

The Australian Dollar remained under pressure on Thursday following a mixed domestic jobs print and shaky Chinese GDP data.

S&P 500 Climbs on Powell's Dovish Tone, China GDP in Focus

Posted: 14 Jul 2021 06:00 PM PDT

The S&P 500 index closed higher after Fed Chair Jerome Powell signaled that the Fed may be patient in tapering stimulus in a testimony. Asia-Pacific markets await Chinese Q2 GDP figures.

Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

Posted: 14 Jul 2021 05:00 PM PDT

The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.

Chinese Yuan Forecast: Q2 GDP Key to Gauge PBOC, USD/CNH Outlook

Posted: 14 Jul 2021 04:00 PM PDT

USD/CNH is pushing lower as traders prepare for China's second quarter GDP print to cross the wires. The Yuan may break current support at the 26-day EMA if the data impresses.

Gold Price Pops 1% as Real Yields Tumble to Five-Month Low

Posted: 14 Jul 2021 03:25 PM PDT

Gold bulls propelled XAU/USD price action 1% higher on Wednesday with the precious metals rise mirroring the sharp decline in ten-year real yields to their lowest level since mid-February.

Mexican Peso Gains as Powell Cautions Against a Hasty Move, USD/MXN Tumbles

Posted: 14 Jul 2021 02:00 PM PDT

The Mexican peso gains after Fed chairman Powell says the US economy has not progressed enough to start dialing back stimulus and warns against acting prematurely.

Dow Jones Forecast: Will Earnings Season Push the Index to Record Highs?

Posted: 14 Jul 2021 01:00 PM PDT

The Dow Jones has moved within reach of record levels despite weakness in value and industrial stocks that had helped the Industrial Average outperform the Nasdaq 100 during much of the second quar...

AUD/USD to Stage Larger Rebound on Upbeat Australia Employment Report

Posted: 14 Jul 2021 08:30 AM PDT

Fresh data prints coming out of Australia may spark a larger rebound in AUD/USD as employment is expected to increase for the second consecutive month.
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