Gold Price Weekly Outlook - Looking to Break a Tightening Range

Gold is trapped in a short-term range and price action is building for a potential breakout next week


from DailyFX - Feeds all http://bit.ly/2HB0klS
via IFTTT

GBPUSD Rate Outlook Mired by Renewed Threat of ’Hard Brexit’

The Brexit negotiations may continue to drag on GBP/USD as Prime Minister Theresa May struggles to secure a deal.


from DailyFX - Feeds all http://bit.ly/2QlbE8q
via IFTTT

Trade War Weighs on Chinese Tech Stocks, Emerging Markets

Chinese stocks have been battered after the US Commerce Department announced it would ban Huawei devices. A look at some emerging market funds reveals that the trade war has also claimed victims outside the intended targets.


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

GBP/USD Elliott Wave Analysis: Bullish Wave 3 Could Carry to 1.35

The Elliott wave chart pattern for GBPUSD illustrates the potential for a strong bullish trend that may move higher towards 1.35.


from DailyFX - Feeds all http://bit.ly/2VTc5bq
via IFTTT

Gold Price Outlook: XAU Defends Yearly Lows– Breakout Levels Defined

Gold failed a sixth weekly attempt to break support with price virtually unchanged into the last week of May. Here are the levels that matter on the XAU/USD charts.


from DailyFX - Feeds all http://bit.ly/2wg3OUx
via IFTTT

Oil Data Champion Sam Madani Explains Oil Tanker Tracking | Podcast

We explore why oil tanker tracking has brought transparency to the oil industry.


from DailyFX - Feeds all http://bit.ly/2K1oKXu
via IFTTT

GBP Bears Beware: Boris as UK Prime Minister Might be Good for Sterling

Former British Foreign Secretary Boris Johnson has become the clear favorite to succeed Theresa May as UK Prime Minister, and that poses a risk for traders looking to sell the British Pound.


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

US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD

It was a busy week in the US Dollar, and both EURUSD and GBPUSD remain vulnerable to volatility over the weekend. USDCAD may see volatility pick up around BoC.


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

Euro Traders Remain Long as Pair tests Key Low

Traders have remained long the EURUSD as the pair tumbles into key lows. One-sided sentiment warns we may be near a sentiment extreme.


from DailyFX - Feeds all http://bit.ly/2HAtRw1
via IFTTT

GBPUSD Choppy, Theresa May Resigns, What Next? - US Market Open

The Pound has traded in choppy fashion after Theresa May announced her resignation. Focus now on who will be the next Conservative Party Leader.


from DailyFX - Feeds all http://bit.ly/2Qo1nZ9
via IFTTT

US Dollar (DXY) Soft Ahead of US Durable Goods Data

The US dollar basket (DXY) slipped lower Thursday after a weak set of US PMI readings. Ahead the first look at US durable goods which is expected to show a sharp decrease from last month’s multi-month high.


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

Gold Price Eyeing Support, Silver Price Rebound Fading

Gold’s short-term rally has hit the buffers and may test 200-day ma support again while silver remains stuck in a downtrend.


from DailyFX - Feeds all http://bit.ly/2Euo5tP
via IFTTT

Currency Volatility: Euro Potentially Underpricing the Impact of the EU Election

While focus will be on the upcoming EU election, option markets imply little in the way of volatility for the Euro.


from DailyFX - Feeds all http://bit.ly/2Jzq30p
via IFTTT

Theresa May Announces Resignation, GBPUSD Heading Lower

Theresa May announces that she will resign on June 7th and will remain in office until a new leader is found, which is expected around mid-July.


from DailyFX - Feeds all http://bit.ly/30Ek7IC
via IFTTT

USDJPY Price Outlook: Sell-Off May Not be Finished Yet

from DailyFX - Feeds all http://bit.ly/2Hz8rzu
via IFTTT

GBPUSD Rate Susceptible to Dismal UK Retail Sales Report

The U.K. Retail Sales report may keep GBP/USD under pressure as the headline reading for household spending is expected to contract 0.4% in April.


from DailyFX - Feeds all http://bit.ly/2Eu1AFj
via IFTTT

EURUSD Chart Analysis: Has the Euro Bottomed vs US Dollar?

Euro sellers struggled to make hay of a break below near-term chart support and some technical cues warn that a bottom may be taking shape above the 1.11 figure.


from DailyFX - Feeds all http://bit.ly/2Wf8N6z
via IFTTT

EURUSD May Rise on US Durable Goods Orders After Painful PMI Data

EURUSD may get a lift from US durable goods orders as the US economy continues to show weakness, especially in light of recent developments in the US-China trade war.


from DailyFX - Feeds all http://bit.ly/2VWBNR7
via IFTTT

NZDUSD Chart Analysis: 19-Year Rising Trend May Come Undone

The New Zealand Dollar is at risk of breaking a nearly 19-year rising trend against its US counterpart as prices test critical chart support.


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

EURGBP Chart Analysis: Euro at Resistance In Brexit-Fueled Uptrend

The EUR/GBP Brexit-fueled dominant uptrend is facing the next test, leaving the Euro at key resistance against the British Pound amidst a bearish warning on the 4-hour chart.


from DailyFX - Feeds all http://bit.ly/2QmtWq4
via IFTTT