Swedish Krona May Rise on First Riksbank Rate Hike in 7 Years

The Krona may rise as Sweden finally reaches its desired inflation target near 2 percent, prompting the first Riksbank interest rate hike in 7 years.


from DailyFX - Feeds all https://ift.tt/2qC8AsH
via IFTTT

Is Oil’s Longest Tumble in 4 Years Ready to Reverse?

Crude oil has swung from four-year high to eight month low in a 20 percent-plus reversal that has turned the market into a technical bear trend in a month-and-a-half. Is this a set trend?


from DailyFX - Feeds all https://ift.tt/2DbpgPa
via IFTTT

EUR/GBP Technical Analysis: Corrective Downtrend Pause in Store?

The bearish continuation pattern in EUR/GBP prices preceded a drop as anticipated and more losses could be ahead in the medium-term. There may be a corrective pause in the short-term.


from DailyFX - Feeds all https://ift.tt/2F9nOPF
via IFTTT

The S&P 500’s Post-Election Rally Stalls, Pound Holds More Potential than Dollar

The enthusiasm that seemed to follow the result of the US election has fizzled, suggesting this wasn’t true optimism at all. What lays ahead for risk trends, the Dollar, Pound, Oil and more?


from DailyFX - Feeds all https://ift.tt/2Oyei8n
via IFTTT

EUR/USD Technical Analysis: Euro Down Trend Back in Play

The Euro looks to be resuming its downtrend against the US Dollar after prices broke below support guiding the currency’s recent recovery.


from DailyFX - Feeds all https://ift.tt/2z2TYXL
via IFTTT

USD Resumes Uptrend on Fed. CAD at Risk to New NAFTA Uncertainty

The US Dollar rose and the S&P 500 sunk as the Fed prepared markets for a December hike. CAD prices fell on new NAFTA deal uncertainty. Asia stocks at risk as Japanese Yen gains next.


from DailyFX - Feeds all https://ift.tt/2F9LPGs
via IFTTT

AUD/USD Holds Bullish Series Ahead of RBA Statement on Monetary Policy

Topside targets remain on the radar for AUDUSD ahead of the RBA’s Statement on Monetary Policy as the exchange rate retains the bullish series from earlier this week.


from DailyFX - Feeds all https://ift.tt/2QtBiHq
via IFTTT

US Dollar Price Action Setups Around FOMC

Today brought the last 'non live' meeting from the Federal Reserve ahead of December's widely-expected rate hike. In this webinar, we look at setups across the US Dollar.


from DailyFX - Feeds all https://ift.tt/2JR3rFN
via IFTTT

USDJPY Elliott Wave Analysis: Trying for Higher Levels

The Elliott Wave chart pattern for USDJPY shows the potential for a bearish reversal near current levels in wave ((b)) of a bearish zigzag.


from DailyFX - Feeds all https://ift.tt/2ATVCfL
via IFTTT

USD Stable After FOMC Expectedly Leaves Fed Funds Rate Unchanged

The Federal Open Market Committee expectedly left the Fed Funds rate unchanged at 2.00 – 2.25% Thursday which saw the Dollar trade sideways.


from DailyFX - Feeds all https://ift.tt/2Qsh0hj
via IFTTT

AUD/USD Price Outlook: Aussie Breakout Stalls Ahead of Resistance

A breach above multi-month downtrend resistance has Aussie approaching the October highs. Here are the targets & invalidation levels that matter on the AUD/USD charts.


from DailyFX - Feeds all https://ift.tt/2z1OlJl
via IFTTT

Becoming a Better Trader – Identifying Support and Resistance

In this session, the discussion was on identifying various types of support and resistance and watching price action around the levels on your charts.


from DailyFX - Feeds all https://ift.tt/2RJFzqb
via IFTTT

Preview for November FOMC Meeting and Forecast for US Dollar

The DXY Index remains in a holding pattern before the FOMC releases its November policy decision.


from DailyFX - Feeds all https://ift.tt/2QtyytH
via IFTTT

Bitcoin: Weekly Short Positions Shrink 13% Prompting Bearish Bias

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


from DailyFX - Feeds all https://ift.tt/2Pik4QH
via IFTTT

Gold: 83.5% of Retail Traders are Net-Long Despite Recent Consolidation

The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.


from DailyFX - Feeds all https://ift.tt/2QrXaTn
via IFTTT

FOMC Preview: Wait-and-See Mode to Keep EUR/USD Afloat

The Federal Open Market Committee (FOMC) interest rate decision may yield a limited reaction as the central bank is expected to retain the current policy.


from DailyFX - Feeds all https://ift.tt/2PJHJZO
via IFTTT

USD/JPY: Bullish Bias As Short Positions Increase 17%

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


from DailyFX - Feeds all https://ift.tt/2yZiCbP
via IFTTT

GBP/USD: Weekly Long Positions Soar 29%

Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.


from DailyFX - Feeds all https://ift.tt/2SUBscp
via IFTTT

S&P 500: Weekly Short Positions Soar 46% to Multi-Month High

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


from DailyFX - Feeds all https://ift.tt/2PHdwuv
via IFTTT

Oil Price Outlook Mired by Ongoing Oversold RSI Signal

Recent price action keeps the downside targets on the radar for oil especially as the Relative Strength Index (RSI) sits in oversold territory for the first time since 2017.


from DailyFX - Feeds all https://ift.tt/2ASYmKn
via IFTTT