GBP Drops on Election Talk, USD Recovers from Fed-Inspired Losses - US Market Open

GBP underperforms as Corbyn talks up general election, while USD recovers from yesterday’s Fed inspired losses. However, eyes now on Powell and Clarida.


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Sterling (GBP) Remains Resilient Despite Another Defeat for PM May

The UK government is losing control of the Brexit process and now must come up with plan B within three working days if PM May loses the Brexit vote next Tuesday.


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US Crude Oil Price: No Sign Yet of Recovery Faltering

The US crude oil price looks set to extend the advance that began late last year amid attempts by Saudi Arabia to push prices higher.


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EURUSD Price Well Placed to Extend Gains

The EURUSD price seems likely to resume its advance after breaking above the 200-day moving average, with 1.16 the next target after dovish FOMC minutes that weakened USD.


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USD Price Analysis: Fed Shift to See USD Continue to Correct Lower

Fed commentary provides a reminder of a shift in Fed action with the central bank beginning to show flexibility. USD pressured amid unwind of Fed-Induced strength.


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EUR/USD Bullish Above 11450

The Euro is breaking into levels not seen in a while and with volatility having been compressed look for the move to have legs.


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Bitcoin, Ripple, Ethereum - Heavy Selling Slams Prices Lower

The cryptocurrency market is a sea of red this morning as sellers took back control of the space and sent prices spinning lower across the board.


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US Dollar Eyeing Powell Speech, Euro May Overlook ECB Minutes

The US Dollar is looking to a speech from Fed Chair Powell for direction cues. The Euro may overlook minutes from December’s ECB policy meeting.


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USD/NOK May Break Higher on Soft Norway CPI Data

USD/NOK may be given a small boost this Thursday as Norway prepares to release its year-on-year CPI report that may fall short of economists’ expectations.


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Asia Stocks Hurt as US, China Stay Mum on Trade. ASX Reversing?

The rosy mood in stocks weakened given a lack of details in US China trade talks, the Nikkei 225 fell. ASX 200 attempts reversing dominant downtrend, all eyes on Fed Chair Jerome Powell.


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Euro May Dip on Italian Economic Data, Growth and Budget in Focus

The Euro will likely suffer as the Italian government prepares to unveil its industrial production data. The country is already teetering on a recession with major headwinds in 2019.


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Gold Price Chart Still Warns of Topping, Fed Chair Powell in Focus

The gold price chart setup still warns of topping despite gains after December’s dovish FOMC meeting minutes. Comments from Fed Chair Powell are now in focus


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How are Traders Approaching Key S&P 500, EURUSD and Oil Key Moves?

How are traders’ managing the S&P 500’s attempt to pare large losses and crude oil prices’ rebound? DailyFX sentiment data can offer a closer look.


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Nikkei 225 Technical Analysis: Bulls Must Make Back Dec’s Falls

The Nikkei 225 has risen in 2019, but it does not yet look like a move with much conviction behind it and the bulls need to nail things down a bit harder


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EURUSD Finally Breaks but Does It Rally and Will SPX Overcome the Shutdown?

The DXY Dollar Index faces a tentative reversal due to dovish Fed language, leading EUR/USD to finally clear 1.1500 resistance.


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Australian Dollar Keeps Sliding Despite Weaker China CPI Print

The Australian Dollar was already pressured Thursday and news of weaker Chinese pricing power which might have supported it failed to do so


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Will US, China Trade Statement Extend Fed-Led Stocks Rise?

A dovish day from the Fed weighed against the US Dollar, but the S&P 500 missed its full potential. Markets are still eagerly anticipating the joint statement from US China trade talks.


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EUR/USD Breaks Out as Fed Officials Endorse Wait-and-See Policy

EUR/USD breaks out of the range-bound price action carried over from late-2018 as Federal Reserve officials show a greater willingness to delay the next rate-hike.


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USD Declines as Fed Minutes Reiterate Dovish Shift in Outlook

The Fed's discussion over interest rates and economic outlook shows an increasingly dovish shift in tone causing the US Dollar to decline.


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Bullish DXY on Opportunistic Drop as Potential Trade War Truce Nears

After the ‘Powell Put’ was engaged on January 4, the US Dollar weakness has accelerated having fallen 2%. There could be more downside to come, but the upside story remains.


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