Wednesday, 20 February 2019

AUD/USD Sinks as China’s Dalian Port Bans Australian Coal Imports

The AUD/USD suddenly tumbled after China’s Dalian port indefinitely capped the amount of Australian coal imports. Most Asia Pacific stocks still rose on upbeat US-China trade war news.


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

EUR/USD Technical Analysis: Euro Down Trend Ready to Resume?

The Euro may be preparing to turn lower against the US Dollar after yet another test of resistance guiding the dominant decline since January 2018.


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

Nikkei 225 Technical Analysis: Mature Uptrend Holds Into New Range

The Nikkei 225 remains well within a respected daily-chart uptrend channel and is now consolidating within a new, significant range.


from DailyFX - Feeds all https://ift.tt/2X9K5SF
via IFTTT

Fed and ECB Updates Test EURUSD’s Restraint, Volatility Plumbs Extremes

Monetary policy is once again a critical fundamental theme with the FOMC minutes signaling a floor on QE and the ECB on deck today. Will the two largest central banks trigger a risk move? Will they trigger a EURUSD break?


from DailyFX - Feeds all https://ift.tt/2U0VH8i
via IFTTT

SEK Held Steady After FOMC, Floden Speech - Outlook on Riksbank

SEK held steady on Wednesday following key central bank events in the US and Sweden. Riksbank official Martin Floden’s speech provided key insight on Swedish monetary policy in 2019.


from DailyFX - Feeds all https://ift.tt/2BNr13A
via IFTTT

Australian Dollar Surges As Full-Time Job Creation Smashes Forecasts

The Australian Dollar got a boost from a stunning set of official jobs numbers which showed a full-time employment rise more than double market hopes.


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

S&P 500 Took Path of Least Resistance on FOMC Minutes, AUD at Risk

The US Dollar was jawboned by risk trends and the FOMC meeting minutes as the S&P 500 took the path of least resistance. AUD/USD may fall on a jobs report after a Doji candlestick.


from DailyFX - Feeds all https://ift.tt/2BI3P6I
via IFTTT

Dow Jones Likely to Follow Manufactuers in Thursday Trading

The Dow Jones Industrial Average is poised to track industrial manufacturers like Caterpillar in Thursday’s session following the release of US durable goods orders.


from DailyFX - Feeds all https://ift.tt/2twFn3O
via IFTTT

Upbeat Australia Employment Report to Fuel AUD/USD Rate Recovery

Updates to Australia’s Employment report may fuel the AUD/USD advance from the monthly-low (0.7054) as the economy is expected to add another 15.0K jobs in January.


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

GBPUSD: Cable Pulls Back From Fibonacci Resistance After FOMC Minutes

GBPUSD tested above 1.3100 earlier after a strong four-day push, but with USD strength showing up and a very uncertain backdrop around Brexit - can bulls maintain?


from DailyFX - Feeds all https://ift.tt/2TYq5jJ
via IFTTT

Fed Minutes Offer Light on Dovish Shift, US Dollar Climbs

January’s Fed minutes offered valuable insight on the pace of future rate hikes and the state of the central bank’s balance sheet.


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

Australian Dollar Price Outlook: AUD/USD Recovery Faces First Test

Aussie has rallied five of the past seven sessions with price now eyeing a key pivot zone. Here are the targets & invalidation levels that matter on the AUD/USD charts.


from DailyFX - Feeds all https://ift.tt/2BIsw32
via IFTTT

Dow Marches to 26k as 2019 Rally Continues

US equities have continued to recover from the Q4 sell-off, and the Dow Jones Industrial Average is making a move back-towards the 26k psychological level.


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

Crude Oil Price Climbs on Aramco Refinery Repair, Nigerian Cuts

Crude oil ticked higher Wednesday as Nigeria announced they may reduce production to raise oil prices and Saudi Aramco shutters a plant for repair.


from DailyFX - Feeds all https://ift.tt/2EmsnE9
via IFTTT

Gold Price Forecast: 2018-High on Radar Amid Overbought RSI Signal

Recent price action brings the 2018-high ($1366) on the radar for gold as the bullish momentum appears to be gathering pace.


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

US Dollar Digs into Fibonacci Support as EURUSD Range Remains

The US Dollar pullback continues into mid-week with support showing at a key Fibonacci level, helping EURUSD continue a topside bounce in the multi-month range.


from DailyFX - Feeds all https://ift.tt/2Gzy3No
via IFTTT

DXY Index’s Bearish Engulfing Bars Weaken Outlook; FOMC Minutes Today

The US Dollar is trying to find footing amid a four day losing streak, punctuated by bearish outside engulfing bars in two of the past three days.


from DailyFX - Feeds all https://ift.tt/2DX3MnL
via IFTTT

What is Slippage? Slippage in Forex Explained

What is slippage in forex trading, and what causes it? Find out more about forex slippage and how to avoid it.


from DailyFX - Feeds all https://ift.tt/2X8FRux
via IFTTT

ZAR Plunges, GBP Loses Ground, CAD Eyes BoC Risk - US Market Open

ZAR outlook remains weak with the currency down 8% in February, GBP loses shine as Conservative MPs quit. CAD looks to BoC Governor Poloz statement.


from DailyFX - Feeds all https://ift.tt/2TZH0Cq
via IFTTT

DAX 30 & CAC 40 Charts: Resistance, Relative Weakness Remain Headwinds

The DAX is lagging behind other major global indices, both it and the CAC face resistance hurdles as the world's largest and strongest market could soon come under pressure.


from DailyFX - Feeds all https://ift.tt/2E0Tdjt
via IFTTT

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...