Gold Weekly Price Outlook: XAU/USD Challenges Critical Resistance

Gold prices are testing a key resistance barrier at the October highs. Here are the levels that matter on the XAU/USD weekly chart heading into the close of the year.


from DailyFX - Feeds all https://ift.tt/2E4MK9c
via IFTTT

DXY Index on the Edge Ahead of Quieter Trading Day

With the US observing a National Day of Mourning for the late President George H.W. Bush, financial markets will be closed.


from DailyFX - Feeds all https://ift.tt/2ro3JvA
via IFTTT

Chart Outlook for Dow Jones, DAX 30, Crude Oil, Gold Price & More

Global stocks continue to look headed lower in days ahead, crude look to at least stabilize, while gold once again has a hurdle to try and overcome.


from DailyFX - Feeds all https://ift.tt/2Qg30v6
via IFTTT

USD/CAD Strength to Persist on Wait-and-See BoC

The Bank of Canada’s (BoC) last meeting for 2018 may do little to influence USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75%.


from DailyFX - Feeds all https://ift.tt/2Rw6S7H
via IFTTT

Bitcoin, Ethereum, Ripple: Updated Charts and Prices | Webinar

The cryptocurrency market remains weak, and near 2018 lows, but a few coins may be oversold in the short-term.


from DailyFX - Feeds all https://ift.tt/2FZ8Fkz
via IFTTT

CAD Outlook: BoC to Stand Pat, However, May Signal Concerns Over Oil Plunge

The Bank of Canada will publish its latest interest rate decision at 1500GMT where the central bank is expected to maintain its policy rate at 1.75%. Focus on monetary policy statement for CAD reaction


from DailyFX - Feeds all https://ift.tt/2Pnw52F
via IFTTT

OPEC Preview: Oil Producers to Announce a Fresh Round of Curbs

OPEC and Non-OPEC members are set to announce a fresh round of output cuts given the recent plunge in oil prices amid concerns over a potential supply.


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

AUDUSD Price Close to Key Support Levels, Bounce Possible

The AUDUSD price has fallen sharply in recent days but is now close to several important support levels and a rally from the lows now seems plausible.


from DailyFX - Feeds all https://ift.tt/2Pna5EO
via IFTTT

USD Price Gains Likely to be Short-Lived

The USD price is correcting higher but its advance will likely be limited as recession fears point to lower US interest rates than previously expected.


from DailyFX - Feeds all https://ift.tt/2PkNOr8
via IFTTT

Brexit Latest: Sterling (GBP) Sinks as UK PM May Loses Control

UK PM Theresa May is coming under intense pressure to keep her Brexit plans on track after Parliament found her government in contempt while an amendment gave the Commons the right to revise the Brexit back-up plans.


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

US Dollar Rebound May Gain Ground on Fed Beige Book

The US Dollar may continue to recover as the Fed’s Beige Book of regional US economic conditions helps revive robust 2019 interest rate hike speculation.


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

Asian Stocks Fade With Wall Street, Plentiful Economic Cues Ahead

Weakness was the theme once again across Asia Pacific stock markets as investors fretted global growth prospects and the real substance of last weekend’s US/China trade truce


from DailyFX - Feeds all https://ift.tt/2RB8jlw
via IFTTT

Gold Prices May Turn Lower on Upbeat Fed Beige Book

Gold prices may turn lower form chart resistance as an upbeat Fed Beige Book survey boosts Fed interest rate hike bets, sending the US Dollar upward.


from DailyFX - Feeds all https://ift.tt/2Qbmz7Q
via IFTTT

Look Beyond the Yield Curve Inversion to Assess a Disturbance in the Market

The recession alarms have started to sound for economists and traditional investors who have seen the spreads in US yields drop sharply as of late. Yet, what do global yield comparisons and the extreme policies of popular QE programs do to the supposed signal?


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

USD/SGD, USD/MYR, USD/IDR Prices Try Reversing Dominant Uptrends

ASEAN currencies such as the Malaysian Ringgit, Singapore Dollar and Indonesian Rupiah are trying to reverse their dominant trends versus USD. I take a look where they may go next.


from DailyFX - Feeds all https://ift.tt/2FWOcg3
via IFTTT

Was the S&P 500’s Tumble a Financial Tsunami Signal or Necessary Adjustment?

Risk assets took a nasty turn through the US session Tuesday with a scale of intensity which will spark imagination and fear. Was the three percent-plus drop from the S&P 500 a signal for global markets?


from DailyFX - Feeds all https://ift.tt/2APa5bv
via IFTTT

Japanese Yen Technical Analysis: USDJPY Uptrend Under New Threat

The Japanese Yen has seen a fightback against the US Dollar this week and, although the latter remains in the ascendant, its uptrend line is now under duress


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

Australian Dollar Falls as Soft GDP Data Cools RBA Rate Hike Bets

The Australian Dollar fell as disappointing GDP data crossed the wires, undershooting forecasts and sending the currency down as RBA rate hike bets cooled.


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

Asia Stocks Brace, US China Trade War Relief Bets Crumble. Yen Up

Market optimism fell apart on conflicting US China trade news from the White House. Asia stocks may echo S&P 500 largest drop since October. Japanese Yen may extend gains as AUD falls.


from DailyFX - Feeds all https://ift.tt/2zG16K8
via IFTTT

FX Price Action Setups in EUR/USD, USD/CNH, USD/CAD and NZD/USD

It's been an busy week across global markets, and tomorrow brings closed US financial markets for an official day of mourning for former US President, George H.W. Bush.


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