Friday, 1 March 2019

US Dollar Struggles for Footing; Gold Loses Uptrend from Late-November

With global equity markets rallying, safe havens like the Japanese Yen and Gold have been struggling significantly this week.


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The Importance of Liquidity in Forex Trading

Learn the basics of forex liquidity, signs to look out for, and its benefits for driving down spreads and the cost of trading.


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Charts for Next Week: EURUSD, USDJPY, AUDNZD, Gold Price & More

The Euro looks poised for weakness, USDJPY could continue to run for a bit, AUDNZD to continue to lower, while gold is in the process of undermining multi-month bullish trend.


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USDJPY Hits a Fresh Two-Month High as Markets Turn Risk-On

USDJPY continues to forge ahead as financial markets take a positive approach to risk after better-than-expected US growth figures and improved Caixin Chinese manufacturing PMI data.


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Gold & Silver Price Charts – Sellers Gaining Upper Hand as Support Lines Break

Gold broke the November trend-line and quickly approaching another big support area while silver is already on the verge of an important lower-low.


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Sterling (GBP) Nudges Higher, Brexit Vote Could Be Pushed Forward

The Pound was trading marginally higher against the Euro and the Dollar as February’s Markit PMI hit expectations, coming in at 52, slightly lower than January’s revised figure of 52.6.


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EURUSD Struggles to Push Higher; Price and Pivot Point Analysis

The Euro continues to battle a resurgent US dollar, with the greenback buoyed by Thursday’s better-than-expected US Q4 GDP figures.


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Understanding Forex Rollover

What is rollover in forex? Learn about rollover, and how this can impact trading.


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Thursday, 28 February 2019

US Dollar May Rise as Data Casts Doubt on Dovish Fed Outlook

The US Dollar may rise as incoming economic data casts doubt on the markets’ dovish Fed policy outlook even amid mounting evidence of slowing global growth.


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Data-Dependent Fed Has Gold Prices Eyeing US NFPs, ECB and BoC

Gold was more at risk to a bearish reversal last week as US GDP data boosted the US Dollar. Ahead, XAU/USD eyes US non-farm payrolls as well as the ECB and BoC rate decisions.


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Asian Stocks Gain Despite Another Weak China PMI, US Data Eyed

Asia Pacific equity investors clearly found enough good news around as the week wound down to offset the day’s key economic numbers, which came in rather weakly.


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What Could be the Market Impact of Escalated India-Pakistan Tensions?

The escalation of Indian-Pakistani tensions could worsen and potentially destabilize the region, dampening global sentiment during a time when risk aversion appears to be the default.


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Gold Prices Break Chart Support, May Keep Falling on US Data

Gold prices have broken chart support, hinting a trend reversal is at hand. Incoming US economic data may light the fuse for a selloff if it boosts the Dollar.


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S&P 500 Still Not Committing to Reversal, Pound Run Slows and Dollar’s Questionable

The S&P 500 and Dow may have triggered overt technical reversals, but that is not providing any sort of follow through. Will Fed speculation move the Dollar or than GDP was able and is the Brexit recovery spent?


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AUD/USD Rate Outlook Mired by Risk of Bearish RSI Signal

AUD/USD may face a more bearish fate over the coming days if the Relative Strength Index (RSI) fails to preserve the upward trend from earlier this year.


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US Dollar Eyeing Breakout after Muted Action on Fed Chair Powell

The US Dollar is on the eve of a breakout to find its next path in the short-term after Fed Chair Jerome Powell couldn’t offer it a direction after better-than-expected GDP data.


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US GDP Fueled Gold Price Reversal Risk, USD Awaits Jerome Powell

Better-than-expected US GDP boosted the US Dollar as gold prices tumbled. JPY/CHF fell as geopolitical risks in Asia rose. Equities may pause declines, all eyes on Jerome Powell.


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Gold Price Technical Outlook: XAU/USD Correction Underway

Gold is down nearly 1.2% this week with price on the defensive into the close of the month. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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Chinese Yuan Takes Spotlight - Investors Buy as China Borrowing Jumps

Is the narrative of global investing themes shifting from a certain bear market to possibly setting the stage for new highs in equity indices in 2019 for the US and a significant reversal for global indices that had a rough 2018? The DailyFX Podcast breaks down these themes and more.


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Dow Jones Will Look to Inflation Data, Fed Expectations on Friday

With US GDP data released, domestic equity markets will look to the next big indicators on the calendar to guide price action into the weekend.


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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...