Gold Price Outlook: Metal Pauses at Resistance as Trade Wars Cool

Gold trades narrowly beneath $1,300 an ounce after straddling a Fib level for most of Wednesday’s session even as risk-off sentiment wanes amid a cooldown in trade war rhetoric.


from DailyFX - Feeds all http://bit.ly/2HltP9O
via IFTTT

USDJPY: Traders Remaining Net-Long Suggests Price May Continue to Fall

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.


from DailyFX - Feeds all http://bit.ly/2VrHbX5
via IFTTT

DAX Soars with BMW, VW, Daimler on Auto Tariff Delay Report

News is out that US President Trump will delay his decision to levy tariffs on auto imports for up to 6 months which is helping boost the German DAX - find out why.


from DailyFX - Feeds all http://bit.ly/2W3gwEp
via IFTTT

How to Trade Shooting Star Candlestick Patterns

The shooting star is a reversal candlestick pattern commonly used by forex traders. Learn what it is, how it’s formed and how to trade it. 


from DailyFX - Feeds all http://bit.ly/2W2vivo
via IFTTT

EURUSD: Net-Short Positions Increased by 5.5% from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.


from DailyFX - Feeds all http://bit.ly/2HkVRDG
via IFTTT

Euro Price Outlook Worsens as Italian Politics Move Into Focus

Ill-tempered campaigning in Italy ahead of elections for the European Parliament could help undermine the Euro despite some healthier Eurozone economic data and a possible delay in US tariffs on imported autos.


from DailyFX - Feeds all http://bit.ly/2w1zrAS
via IFTTT

USDJPY Probes Monthly Lows on Disappointing US Data

Both USDJPY and Treasury yields are lower Wednesday morning after a round of disappointing retail sales and industrial production data crossed the wires.


from DailyFX - Feeds all http://bit.ly/2Vu5t2I
via IFTTT

EURUSD Spikes Higher as Trump Plans to Delay EU Auto Tariffs - US Market Open

The Euro spiked higher, alongside the DAX following reports that Trump is said to be planning to delay imposing auto tariffs for up to 6-months.


from DailyFX - Feeds all http://bit.ly/2W38jA1
via IFTTT

Bitcoin, Ripple, Litecoin Prices - Latest Rally May Have Further to Run

The crypto-market surge over the last few days will have Lamborghini dealerships rubbing their hands in glee and the latest rally may well have more to go after a period of consolidation.


from DailyFX - Feeds all http://bit.ly/30nzdSv
via IFTTT

Dow Jones at 200-day; Crude Oil, Gold Price Charts & More

The Dow is trading around the widely-watched 200-day while crude oil wobbles at support and gold tries to maintain an upward trading bias.


from DailyFX - Feeds all http://bit.ly/2HkzzC7
via IFTTT

GBPUSD Price Outlook: Risk of Bearish Breakdown

UK politics continues to dictate price action in the Pound. Little progress in cross party talks and likely rejection of PM May’s 4th attempt of putting through WA keeps GBP pressured.


from DailyFX - Feeds all http://bit.ly/2YCdAMX
via IFTTT

USD/CAD Technical Analysis: Eyeing a Bullish Break of Resistance?

Consolidating in a Higher Range : On May 6 USD/CAD corrected its upside movement carving out a lower high at 1.3494


from DailyFX - Feeds all http://bit.ly/2JDrh9W
via IFTTT

Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY, AUDCAD

USDCAD uptrend remains intact, however, 1.3520 break is needed to extend gains. CADJPY outlook remains bearish, AUDUCAD tests March lows.


from DailyFX - Feeds all http://bit.ly/2VHfLl5
via IFTTT

Crude Oil Prices Fail to Benefit from Middle East Tensions

Crude oil prices still look more likely to move lower than higher as news of a surprise increase in US inventories outweighs continuing turbulence in the Gulf.


from DailyFX - Feeds all http://bit.ly/2E6x7gj
via IFTTT

EURGBP Price Outlook - Rally Running Out of Momentum

EURGBP recent move higher saw the pair hit a near two-month high but further gains may be limited as a group of resistance levels near.


from DailyFX - Feeds all http://bit.ly/2YvpzLT
via IFTTT

DAX 30 Trading at Important Trend Test, Pass or Fail Time

The DAX is trading around important trend-line, channel support and how it reacts here could be important for its intermediate-term outlook.


from DailyFX - Feeds all http://bit.ly/2EbrXQf
via IFTTT

AUD Price Outlook: Downward Trend in AUDUSD Accelerating

The Australian Dollar’s recent slide is gaining momentum on weak Chinese data and the general ‘risk off’ tone in the markets.


from DailyFX - Feeds all http://bit.ly/2WLAKQf
via IFTTT

Gold Price Flashes Overbought Signal, Silver Price Constrained by Technical Resistance

Gold continues to trade in overbought territory, according to one technical indicator, and recent gains may be trimmed further. Silver however is struggling move decisively out of oversold territory.


from DailyFX - Feeds all http://bit.ly/2VZoLS7
via IFTTT

EURUSD Price Outlook: Recents Lows Look Vulnerable

EURUSD remains weak and recent lows may be tested in the short-term as sellers continue to control price action.


from DailyFX - Feeds all http://bit.ly/2w075Hn
via IFTTT

Gold Price Outlook Hinges on US Dollar, Bond Yields Divergence

The outlook for gold prices is likely to be shaped by the conflicting influence of bond yields and the US Dollar as sentiment sours anew across global financial markets.


from DailyFX - Feeds all http://bit.ly/30l5ny7
via IFTTT