Gold: 76.8% of Traders Are Net-Long

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


from DailyFX - Feeds all http://bit.ly/2HoRtU6
via IFTTT

Gold Price Plummets, Seeks Technical Support Near May Lows

A two-week gold price rally was undone in just two sessions as the precious metal sank from $1,300 to $1,275 after a failed run at key resistance - now it grasps for support.


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

USDCAD Rips and Dips on Tariffs, USMCA Deal, BOC Report

USDCAD soared then swooned in a volatile trading session due to downbeat rhetoric found in the Bank of Canadas latest Financial Stability Report but now being offset by positive USMCA deal news.


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

Dollar Jumps as Consumer Sentiment Hits 15-Year High

The University of Michigan Consumer Sentiment Index printed a reading of 102.4 this morning, a 15-year high, which also crushed estimates of 97.2.


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

Australian Dollar Technical Analysis Overview: AUDUSD, AUDJPY, GBPAUD

AUDUSD downside momentum intensifying. AUDJPY outlook remains bearish. GBPAUD maintains uptrend, however, breakout looks unlikely in the near-term.


from DailyFX - Feeds all http://bit.ly/2EfiLu6
via IFTTT

GBPUSD Extends Drop, Chinese Yuan in Freefall, Beware of Currency Intervention - US Market Open

Unsurprisingly, UK cross party talks collapse, GBP drops as a result. Chinese Yuan falls to November lows. However, beware of FX intervention.


from DailyFX - Feeds all http://bit.ly/2VvC60e
via IFTTT

GBPUSD Price Slumps to a Four-Month Low on Brexit Disarray

Sterling (GBP) is coming under increasing pressure, especially from the USD, after news that UK cross-party talks have ended without any agreement, leaving PM May increasingly isolated.


from DailyFX - Feeds all http://bit.ly/2Q9XE1g
via IFTTT

Dollar Higher; Pound, Euro, and Gold Price Charts for Next Week

In today's look-ahead to next week we look at the possibility of more Dollar strength and gold's sudden turn towards an important support test.


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

FTSE 100 Outlook – Strong Recovery Brings into Play New Set of Scenarios

The FTSE has lifted strongly off support, there are a couple of possibilities to monitor here in the days ahead.


from DailyFX - Feeds all http://bit.ly/2WbXf3N
via IFTTT

Gold Price Outlook Eyes US Data and Chinese Yuan Weakness

Gold is trading around an important technical level and its next move may be prompted by ongoing USDCNH weakness and/or this afternoon’s important Uni of Michigan sentiment release in the US.


from DailyFX - Feeds all http://bit.ly/2Qb4V0B
via IFTTT

Crude Oil Price Outlook: Oil Backwardation at 4yr Highs Ahead of OPEC Meeting

Crude Oil backwardation highest in 4yrs, which in turn has typically provided a bullish structure for the spot price.


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

Bitcoin (BTC) Price Slumps on Heavy Selling Interest

The crypto-market took one on the chin Thursday evening, slumping anywhere between 10% and 20% in a matter of minutes as heavy Bitcoin sell orders roiled the market.


from DailyFX - Feeds all http://bit.ly/2JM9LAr
via IFTTT

Euro Shaken Ahead of EU Elections - Lessons From Sweden’s Gridlock

The Euro will get progressively jumpier ahead of next week’s European parliamentary elections. Was Sweden’s 2018 gridlock foreshadowing of what is to come?


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

EUR/USD Technical Analysis: Euro Takes Aim at April Low

The Euro looks to be taking aim at April lows near the 1.11 figure against the US Dollar after breaking below a chart support level.


from DailyFX - Feeds all http://bit.ly/2Jv3Gcv
via IFTTT

Sony Boosts Nikkei As US-China Trade War Drags On Chinese Stocks

Friday was a mixed session for Asia Pacific mainboards with trade worries still hanging round the neck of Shanghai and Hong Kong. Risk appetite elsewhere revived a bit, however.


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

Gold Prices Fall as Cisco, Walmart Earnings Cool Trade War Fears

Gold prices slumped as upbeat earnings reports form Cisco and Walmart tempered worries about the economic impact of the US-China trade war.


from DailyFX - Feeds all http://bit.ly/2LMQ7H9
via IFTTT

Both S&P 500 and USDCNH Advance Through Uneven Trade War Views

Efforts to revive some enthusiasm around trade conditions to stoke a recovery in risk appetite is proving an uneven effort. With the US-China situation still intensifying and no confirmation on auto and metals tariffs, how enthusiastic should we be?


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

USDPHP Uptrend Gains, BSP Cuts RRR. IDR Upheld by Bank of Indonesia

USD/PHP uptrend extended as the BSP cut bank reserve requirement ratios. Meanwhile, USD/IDR may fall as the Bank of Indonesia guards the Rupiah. Both currencies at risk to trade wars.


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

Australian Elections Preview - How Will Markets React?

As polls show that Labor has a small victory over the Coalition, the composition of the Senate is going to be key for the governing party to pass its policies. Labor’s policies may spook traders if they believe Bill Shorten will implement his campaign promises.


from DailyFX - Feeds all http://bit.ly/2w26c0X
via IFTTT

US Dollar Rises, EURUSD Targets 2017 Lows as Fed Rate Cut Bets Cool

The US Dollar extended gains alongside the S&P 500 with rising bond yields, EUR/USD cleared support and the Euro may retest June 2017 lows again on market positioning signals.


from DailyFX - Feeds all http://bit.ly/2YwHH8b
via IFTTT