S&P 500 Trend Eyes Support, US Auto Tariff Delay Cheer Fades in Asia

US-China trade fears sapped gains in Asia equities as optimism on a delay in US auto tariffs faded fast. S&P 500, after retesting resistance, is eyeing support as Japanese Yen rises.


from DailyFX - Feeds all http://bit.ly/2JqxzKO
via IFTTT

Crude Oil Prices at the Mercy of Erratic Market Mood Swings

Crude oil prices are at the mercy of erratic swings in prevailing market sentiment as investors scramble to respond to incoming headline risk.


from DailyFX - Feeds all http://bit.ly/2W5mlkS
via IFTTT

EURUSD Carves Bearish Series Amid Failure to Break May Opening Range

EUR/USD may consolidate over the coming days as it carves a fresh series of lower highs & lows following the failed attempt to break the monthly opening range.


from DailyFX - Feeds all http://bit.ly/2HlIEuj
via IFTTT

S&P 500 Firms, EURUSD and USDCAD Waver on Flood of Trade War Rumors

Trade wars have taken a turn for the better – at least their rumors have – and risk trends have taken notice. Yet, how much lift is there in rumor. What if the markets struggle even if breakthroughs are confirmed?


from DailyFX - Feeds all http://bit.ly/2VFHm67
via IFTTT

Australian Dollar Slides As Jobless Rate Ticks Up, Full Time Jobs Slip

The Australian Dollar fell initially despite expectation topping headline job creation, as the jobless rate rose and full time job creation was lower.


from DailyFX - Feeds all http://bit.ly/2W71Y6M
via IFTTT

Gold Fails to Test April-High as Fed Endorses Wait-and-See Approach

The recent advance in the price of gold sputters ahead of the April-high ($1311) as Federal Reserve officials endorse a wait-and-see approach for monetary policy.


from DailyFX - Feeds all http://bit.ly/2Q5FAoU
via IFTTT

AUDUSD RSI Approaches Oversold Zone Ahead of Australia Employment

Updates to Australia’s Employment Report may do little to influence the near-term outlook for AUD/USD, with the RSI in focus as it approaches oversold territory.


from DailyFX - Feeds all http://bit.ly/2VFKzCF
via IFTTT

USD/CAD Eyes Support as Crude Oil Prices Rise on Global Trade News

USD/CAD sinks as crude oi prices rise on optimistic developments in global trade. AUD/USD may climb on a rosy jobs report, but equities may struggle rising in Asia despite S&P 500 gains.


from DailyFX - Feeds all http://bit.ly/2WMdcL8
via IFTTT

AUDUSD Rate at Risk Ahead of Aussie Jobs Data, RBA Cut Bets

AUDUSD price action hinges on upcoming employment data out of Australia as the report is anticipated to dictate whether or not the RBA will slash its policy interest rate at upcoming meetings.


from DailyFX - Feeds all http://bit.ly/2EdduDH
via IFTTT

US TIC Flows Show Appettite for Debt Decreased Amid Trade Tensions

U.S Net Long-term Treasury International Capital saw outflows of $28.4 billion in March as appetite for American debt decreased as China reduced holdings for the first time since November.


from DailyFX - Feeds all http://bit.ly/2HpNM0N
via IFTTT

Dow Jones Price Outlook: Retail Traders Conflicted as Index Rebounds

After retail traders briefly shifted their net-positioning on Monday, IG clients are once again net-short the Dow Jones Industrial Average.


from DailyFX - Feeds all http://bit.ly/2JmSsXn
via IFTTT

GBPUSD: Traders Remain Net-Long Since May 06

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.


from DailyFX - Feeds all http://bit.ly/2Q4uZut
via IFTTT

Canadian Dollar and Mexican Peso Bolstered by USMCA Rhetoric

USDCAD and USDMXN plunged following reports that the US is working closely with Canada and Mexico to reach an agreement over the removal of steel and aluminum tariffs.


from DailyFX - Feeds all http://bit.ly/2w1YlR6
via IFTTT

Gold Price Outlook: Metal Pauses at Resistance as Trade Wars Cool

Gold trades narrowly beneath $1,300 an ounce after straddling a Fib level for most of Wednesday’s session even as risk-off sentiment wanes amid a cooldown in trade war rhetoric.


from DailyFX - Feeds all http://bit.ly/2HltP9O
via IFTTT

USDJPY: Traders Remaining Net-Long Suggests Price May Continue to Fall

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


from DailyFX - Feeds all http://bit.ly/2VrHbX5
via IFTTT

DAX Soars with BMW, VW, Daimler on Auto Tariff Delay Report

News is out that US President Trump will delay his decision to levy tariffs on auto imports for up to 6 months which is helping boost the German DAX - find out why.


from DailyFX - Feeds all http://bit.ly/2W3gwEp
via IFTTT

How to Trade Shooting Star Candlestick Patterns

The shooting star is a reversal candlestick pattern commonly used by forex traders. Learn what it is, how it’s formed and how to trade it. 


from DailyFX - Feeds all http://bit.ly/2W2vivo
via IFTTT

EURUSD: Net-Short Positions Increased by 5.5% from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.


from DailyFX - Feeds all http://bit.ly/2HkVRDG
via IFTTT

Euro Price Outlook Worsens as Italian Politics Move Into Focus

Ill-tempered campaigning in Italy ahead of elections for the European Parliament could help undermine the Euro despite some healthier Eurozone economic data and a possible delay in US tariffs on imported autos.


from DailyFX - Feeds all http://bit.ly/2w1zrAS
via IFTTT

USDJPY Probes Monthly Lows on Disappointing US Data

Both USDJPY and Treasury yields are lower Wednesday morning after a round of disappointing retail sales and industrial production data crossed the wires.


from DailyFX - Feeds all http://bit.ly/2Vu5t2I
via IFTTT