The Euro dropped to near two-year lows last week but found some buyers late; general tone favor lower prices soon; DXY should continue its breakout.
from DailyFX - Feeds all http://bit.ly/2Pw8wWQ
via IFTTT
Saturday, 27 April 2019
EUR Forecast: Traders Eye Eurozone GDP, Jobs, CPI Data Upcoming
The Euro came under renewed pressure after suffering steep losses against the US Dollar and the Japanese Yen since last Friday. Could EUR face additional downside next week with Eurozone GDP and Inflation data on deck?
from DailyFX - Feeds all http://bit.ly/2PxVt7m
via IFTTT
from DailyFX - Feeds all http://bit.ly/2PxVt7m
via IFTTT
Gold Prices Earn Biggest Week Rally in Three Months, Is This a Reversal?
Gold prices earned a meaningful recovery through the second half of this past week, charging the best week’s climb in three months. Similar moves of this scale have triggered bull phases recently, but does tha hold here?
from DailyFX - Feeds all http://bit.ly/2GRCGQH
via IFTTT
from DailyFX - Feeds all http://bit.ly/2GRCGQH
via IFTTT
Gold Price Outlook: A Week Packed Full of Major Risk Events and Data
A deluge of high importance data releases and two major central bank interest rate decisions may buffet gold all next week, with the latest US non-farm payrolls to bring the week to a close, just for good measure. Add in low liquidity in Asia and traders will need to be on their toes for sharp bouts of risk and volatility.
from DailyFX - Feeds all http://bit.ly/2PyVXu7
via IFTTT
from DailyFX - Feeds all http://bit.ly/2PyVXu7
via IFTTT
US Dollar Weekly Price Outlook: Rally at Multi-year Trend Resistance
The Dollar is testing confluence resistance at fresh yearly highs and leaves the immediate price advance vulnerable. Here are the levels that matter on the DXY weekly chart.
from DailyFX - Feeds all http://bit.ly/2UDRLdr
via IFTTT
from DailyFX - Feeds all http://bit.ly/2UDRLdr
via IFTTT
US Dollar May Rise Further as a Cautious Fed Spooks Markets
The US Dollar may continue higher as a cautious tone from the Federal Reserve despite recently rosy data spooks financial markets and inspires haven demand.
from DailyFX - Feeds all http://bit.ly/2Pzvf4h
via IFTTT
from DailyFX - Feeds all http://bit.ly/2Pzvf4h
via IFTTT
GBPUSD Rate to Stage Larger Rebound on Hawkish BoE Forward-Guidance
The Bank of England (BoE) interest rate decision may curb the recent decline in GBP/USD should the central bank endorse a hawkish forward-guidance for monetary policy.
from DailyFX - Feeds all http://bit.ly/2GMEBqy
via IFTTT
from DailyFX - Feeds all http://bit.ly/2GMEBqy
via IFTTT
British Pound Weekly Forecast: Price Outlook Choppy as Brexit Talks Share Spotlight with BOE Meeting
With Brexit talks still dominating traders’ attention when it comes to the British Pound, the May Bank of England meeting will likely see policymakers sidelined – again. Will UK PM Theresa May be sidelined too?
from DailyFX - Feeds all http://bit.ly/2UEk3Ew
via IFTTT
from DailyFX - Feeds all http://bit.ly/2UEk3Ew
via IFTTT
Friday, 26 April 2019
Dollar, S&P 500 and Oil Trends Depend on Fed, Trade Wars, Risk Appetite
US earnings proved capable of volatility in certain areas of the global risk market, but ultimately they fell short of spurring trends. Indices like the S&P 500 and benchmarks like the Dollar have staged breakouts and need something more tangible to provide lift.
from DailyFX - Feeds all http://bit.ly/2UYRkiW
via IFTTT
from DailyFX - Feeds all http://bit.ly/2UYRkiW
via IFTTT
Crude Oil Price Forecast: Favorable Forces Remain Despite Sharp Drop
The price of crude oil fell hard at the end of the week, but all hope is not lost for bulls despite ominous technical clouds forming overhead.
from DailyFX - Feeds all http://bit.ly/2UZVEhQ
via IFTTT
from DailyFX - Feeds all http://bit.ly/2UZVEhQ
via IFTTT
Crude Oil Price Declines May Accelerate on Fed, Soft US Econ Data
After crude oil prices fell by the most in two months this past week, the commodity may find itself at risk if the Fed doesn’t hint at cutting soon. US data may put OPEC supply fundamentals on the sidelines.
from DailyFX - Feeds all http://bit.ly/2PxKnPV
via IFTTT
from DailyFX - Feeds all http://bit.ly/2PxKnPV
via IFTTT
Crude Oil, Gold Price Action Sees ETF Traders Reduce Exposure
Bullish gold traders were offered a brief reprieve this week as the price of the precious metal rebounded but ETF traders may be unconvinced as they continue to reduce exposure.
from DailyFX - Feeds all http://bit.ly/2UXid6F
via IFTTT
from DailyFX - Feeds all http://bit.ly/2UXid6F
via IFTTT
Weekly Trading Forecast: Heavy Seas Between Fed Decision, EZ GDP and Trade Wars
This past week was spiked with a few key events like the US 1Q GDP release and an active theme in US earnings.
from DailyFX - Feeds all http://bit.ly/2DAByjA
via IFTTT
from DailyFX - Feeds all http://bit.ly/2DAByjA
via IFTTT
Aussie Price Forecast: AUD/USD, AUD/JPY Near Critical Support
The Aussie had a difficult week, pretty much across-the-board. But a big long-term level was tested in AUD/USD and AUD/JPY has pushed back to range support.
from DailyFX - Feeds all http://bit.ly/2Pyp4gR
via IFTTT
from DailyFX - Feeds all http://bit.ly/2Pyp4gR
via IFTTT
Battered Australian Dollar Could Face Yet More Disappointing Data
The Australian Dollar could see some of the clear current pressure on it relieved by the Fed, but there remains clear scope for data disappointment and more weakness seems likely
from DailyFX - Feeds all http://bit.ly/2W7N78R
via IFTTT
from DailyFX - Feeds all http://bit.ly/2W7N78R
via IFTTT
Top 5 Events: April Bank of Japan Meeting & EURJPY Price Forecast
Japanese markets are about to embark on their longest holiday in the post-World War II era.
from DailyFX - Feeds all http://bit.ly/2vqhU53
via IFTTT
from DailyFX - Feeds all http://bit.ly/2vqhU53
via IFTTT
Currency Volatility Could Ignite with EZ GDP, FOMC, US NFP Next Week
Next week is chalk-full of potential risks surrounding major economic events and data releases that could easily stoke market volatility. What risks and forex pairs should traders keep an eye out for?
from DailyFX - Feeds all http://bit.ly/2ZBX8gP
via IFTTT
from DailyFX - Feeds all http://bit.ly/2ZBX8gP
via IFTTT
Japanese Yen Flash Crash Warning on High Alert - Calm Before the Storm
Markets are on high alert for a potential flash crash to prompt a surge in volatility with Japanese markets closed for the longest period since World War 11.
from DailyFX - Feeds all http://bit.ly/2UHpbaZ
via IFTTT
from DailyFX - Feeds all http://bit.ly/2UHpbaZ
via IFTTT
Near-term Trade Setups in AUD/USD and GBP/USD
An update on near-term trade setups we've been tracking in Aussie (AUDUSD) and Sterling (GBP/USD). These are the targets and invalidation levels that matter next week.
from DailyFX - Feeds all http://bit.ly/2XJXwYX
via IFTTT
from DailyFX - Feeds all http://bit.ly/2XJXwYX
via IFTTT
FX Price Action Setups in EUR/USD, GBP/USD, USD/CHF and USD/CAD
The US Dollar broke out to fresh 22-month highs this week. And next week's economic calendar is loaded with event risk. Can USD bulls maintain?
from DailyFX - Feeds all http://bit.ly/2ILOiI1
via IFTTT
from DailyFX - Feeds all http://bit.ly/2ILOiI1
via IFTTT
Subscribe to:
Comments (Atom)
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...
-
Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
-
Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...