The Australian Dollar was hit by news that domestic building approvals slumped last month. The chance of lower Australian interest rates last week remains very much in play.
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Thursday, 2 May 2019
EUR/GBP Downtrend Eyed, Can Euro Resume Fall Versus British Pound?
EUR/GBP fell on bearish technical and sentiment signals, but it is short of a breakout. The Euro could make an attempt, however, to resume the downtrend against the British Pound.
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Australian Dollar Slides On Buildiing Approvals Miss, RBA Looms
The Australian Dollar was hit by news that domestic building approvals slumped last month. The chance of lower Australian interest rates last week remains very much in play.
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US Dollar May Rise, GBP Mute as Brexit Overhang Mutes BoE Hike Bias
The US Dollar is eyeing uptrend resumption, crude oil prices seem to be topping alongside the S&P 500 in the aftermath of a less-dovish Fed. GBP/USD ignored a hawkish tilt from the BoE.
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Currency Volatility: EURUSD in Spotlight Ahead of EZ Inflation, US NFP
Tomorrow's economic data from the Eurozone and United States highlights EURUSD with inflation and nonfarm payroll numbers on deck. What might forex traders expect for spot prices?
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EUR/JPY Technical Analysis: Looking at Price Action Around 124.76
Important Euro Zone CPI numbers for March will be released tomorrow and may generate some significant Euro volatility and perhaps even a prompt for some direction.
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Crude Oil Price Breakdown Nears April Low, USDCAD Outlook Lifted
After holding a key level earlier this week, oil prices may be breaking down below critical near-term support. As such, USDCAD may turn back higher.
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Stock Market Update: Retailers Warn of Impact from Strong US Dollar
Alongside tech companies like Google, retailers have highlighted the adverse impact a strong US Dollar is having on their profits and revenue outlooks.
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Canadian Dollar Price Outlook: USD/CAD at Weekly High as Loonie Dives
Loonie is virtually unchanged this week with price holding the weekly opening-range heading into NFPs tomorrow. Here are the levels that matter on the USD/CAD charts.
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Should Stock Market Investors Listen to the ’Sell in May and Go Away’ Anomaly?
History shows that equity returns are lower on average beginning in May which has led to the 'Sell in May and Go Away' stock market anomaly. What might this mean for stocks now?
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S&P 500: Net-Long Positions Increased by 12.4% from Yesterday
Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.
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NFP Price Action Setups post-FOMC: EUR/USD, GBP/USD, USD/CAD
This is a live webinar hosted on DailyFX.com, looking at FX price action following yesterday's FOMC rate decision - and ahead of tomorrow's NFP.
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The Trend is Your Friend: Forex Trendlines
“The trend is your friend”, is a popular saying which can be heard on global trading desks. Find out why you should befriend the trend.
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Gold Price Outlook: XAU Testing Yearly Lows – Shorts Vulnerable
Gold is down more than 1.3% this week with price now testing the 2019 range low ahead of tomorrow’s NFP release. Here are the levels that matter on the XAU/USD charts.
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Bitcoin: Price May Continue to Fall
The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.
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USDJPY: Net-Short Positions Decreased by 14.7% from Last Week
Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.
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Central Bank Weekly: Fed and BOE Shape Currency and Growth Forecasts
This week we’ve seen the Federal Reserve surprise markets while the Bank of England remains sidelined thanks to Brexit.
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Crude Oil Drops with Brent Eying $70, GBPUSD Muted on BoE - US Market Open
Crude oil drops over 2% as US crude production rises to record levels, GBPUSD whipsaws on BoE’s attempt to be hawkish. EURUSD holds 1.12.
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US Dollar Price Action Setups Post-FOMC Dip and Rip: EUR/USD, GBP/USD
The US Dollar put in a dip followed by a rip around yesterday's FOMC rate decision, and the big question at this point is whether US stocks may be near a turn.
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Bank of England Leaves Rates Unchanged, GBP Price Up on Hawkish Tilt
The Bank of England has left its key interest rate and all its othermonetary policy settings unchanged, as expected, but a hawkish quarterly Inflation Report is boosting Sterling.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....