Thursday, 7 March 2019

US Jobs Data May Validate Bearish Crude Oil Price Chart Setup

Crude oil prices have struggled to make good on technical signs of topping but incoming US jobs data may finally validate the setup.


from DailyFX - Feeds all https://ift.tt/2XL7olP
via IFTTT

A Break Lower for S&P 500 Prices and EURUSD - Are These Trends?

Given the extreme lows in volatility across the market, the impressive drop from the S&P 500 and EURUSD this past session has drawn a lot of attention. Is this a technical development or fundamental drive robust enough to sustain trend?


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

ECB Sinks EUR/USD Towards July 2017 Lows, Chinese Trade Data Next

EUR/USD faces July 2017 lows after sinking through key support levels after dismal ECB economic projections. Up next, markets eye the impact of slowing growth on Chinese trade data.


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

S&P 500 Outlook: Unemployment Data, Utilities To Lead Index Price

The S&P 500 will look to Friday’s release of non-farm payrolls data as it struggles to fend off bearish price action.


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

Sterling Weekly Price Outlook: British Pound Rejected at Resistance

Sterling is down nearly 2% after reversing from seven-month highs last week. Here are the targets and invalidation levels that matter on the GBP/USD weekly chart.


from DailyFX - Feeds all https://ift.tt/2EUebT3
via IFTTT

Pre-NFP Price Action Setups Across the US Dollar

This morning saw the European Central Bank announce a fresh round of TLTRO's, and tomorrow brings US and Canadian jobs numbers to the table.


from DailyFX - Feeds all https://ift.tt/2EVJiO1
via IFTTT

EUR/USD Searches for Support as ECB Prepares Another Round of TLTRO

EUR/USD searches for support following the European Central Bank (ECB) meeting, with the exchange rate taking out the 2018-low amid the dovish guidance for monetary policy.


from DailyFX - Feeds all https://ift.tt/2TpZ6S7
via IFTTT

Tomorrow’s NFP Report to Spur Further USDCAD, EURUSD Volatility

Forex option traders have bid up USDCAD overnight implied volatility to its highest level since January 3 ahead of Friday's employment data release.


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

US Household Net Worth Collapses by Nearly $4 Trillion

US Household Net Worth falls by most since the financial crisis to $104.3 Trillion at the end of 2018.


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

USD/JPY Pulls Back Ahead of NFP Report on Fed’s Wait-and-See Guidance

USD/JPY struggles to hold its ground ahead of the Non-Farm Payrolls (NFP) report as a growing number of Fed officials defend the wait-and-see approach for monetary policy.


from DailyFX - Feeds all https://ift.tt/2Up41iD
via IFTTT

USD/ZAR Has Biggest Monthly Gain Since August - More to Come?

USD/ZAR has been advancing in impulsive waves and correcting in partial retracements. The near-term pattern calls for higher levels.


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

EURUSD, EURJPY: Euro Drops as ECB Announces Fresh Round of TLTRO’s

The European Central Bank announced a fresh round of TLTRO's this morning, and the Euro is dropping. But - can sellers finally break the three-month range in EURUSD?


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

EURUSD Drops as ECB Announce TLTROs and Alters Rate Guidance

EURUSD fell 30pips to session lows of 1.1273 after the ECB announced that they will be delivering fresh stimulus in the form of TLTRO 111.


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

EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

EURUSD continues to hold range, EURJPY eyes another test of key support, while EURGBP reclaims 0.8600.


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

Sterling (GBP) Remains Stable Despite ’Difficult’ Brexit Talks

The British Pound continues to hold its own against a range of currencies despite little progression in the latest round of Brexit negotiations.


from DailyFX - Feeds all https://ift.tt/2tUwT6z
via IFTTT

CAD Price Continues to Fall Despite Rising Crude Oil Prices

A climbing crude oil price generally lifts the Canadian Dollar but for now the currency remains weak on political concerns and a dovish central bank.


from DailyFX - Feeds all https://ift.tt/2VG24yv
via IFTTT

FTSE Technical Analysis – Back Near Confluent Resistance, Range to Persist

The FTSE bounced a bit the past few days, putting it back near resistance; range conditions seen as persisting.


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

Crude Oil Analysis: Oil Underpinned by $65, Range Holds For Now

Brent crude futures are modestly firmer this morning with gains of 0.8% with yesterday’s stockpile build failing to dent prices.


from DailyFX - Feeds all https://ift.tt/2VJ8Mns
via IFTTT

EURUSD, AUDUSD & AUDJPY Charts Remain Tilted Lower

The Euro remains on the sell list, joined by Aussie versus the Dollar and Japanese Yen; price patterns all point to continued weakness in the days ahead.


from DailyFX - Feeds all https://ift.tt/2ETZUG4
via IFTTT

USDJPY Price: Tight Trading Range Ahead of US NFPs

USDJPY volatility remains low ahead of the latest US Labor report but pivot point analysis shows areas of support and resistance inside the current tight range.


from DailyFX - Feeds all https://www.dailyfx.com/forex/market_alert/2019/03/07/USDJPY-Price-Tight-Trading-Range-Ahead-of-US-NFPs.html
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...