Canadian Dollar Price Outlook: USD/CAD Rally to Resistance Before BoC

USDCAD has made a trip back to range resistance ahead of the Bank of Canada's interest rate decision on the calendar for tomorrow.


from DailyFX - Feeds all http://bit.ly/30Nr9eb
via IFTTT

COT Report: Gold Net Longs Slashed, Copper Shorts Peaking, Oil Bulls Scale Back

Hedge funds continued to cut back on its stretched bullish positioning, while gold net longs were slashed. Copper shorts approaching 2018 and 2019 peaks.


from DailyFX - Feeds all http://bit.ly/2K5EqJ6
via IFTTT

Trading Sentiment Continues to Deteriorate | Webinar

Trader confidence continues to ebb away, increasing the demand for safe havens such as the Japanese Yen and Bunds at the expense of riskier assets such as stocks.


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

Market Sentiment Continues to Deteriorate | Webinar

Trader confidence continues to ebb away, increasing the demand for safe havens such as the Japanese Yen and Bunds at the expense of riskier assets such as stocks.


from DailyFX - Feeds all http://bit.ly/2X9NSPh
via IFTTT

Gold Price Needs Stimulus, Silver Price Weighed by Lower Highs

Gold continues to battle the downtrend and traders will hope that upcoming US data may provide a catalyst. Silver’s woes remain.


from DailyFX - Feeds all http://bit.ly/2WrQ2MZ
via IFTTT

EURUSD Brushes Off Euro-Zone Consumer Confidence Data, Focus on EU Leader’s Summit

The Euro has been trading higher throughout the morning session as traders focus on the results of the European Elections. Euro-zone Consumer Confidence figures are better than expected but last month’s figures are revised downward.


from DailyFX - Feeds all http://bit.ly/30L8xeZ
via IFTTT

COT Report: GBPUSD Shorts Surge on Brexit Turmoil

Amid the Brexit turmoil speculators had heavily increased their bearish positioning on the Pound, while AUD shorts are now at the highest since November 2015.


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

Bitcoin (BTC) Price Soars to One-Year High, More to Come?

The crypto-market surged on Sunday with Bitcoin hitting levels last seen in May last year as buyers took control. Next move is key but higher prices may be likely.


from DailyFX - Feeds all http://bit.ly/2X8F2Bz
via IFTTT

GBP Price Outlook: Downtrend Still in Place After European Elections

GBPUSD is stable early Tuesday in London, largely ignoring the results of the European Parliament elections, but the slide lower in place since the start of the month may well continue.


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

Crude Oil Prices at Risk as EU Mulls New Leadership, Italy Budget

Crude oil prices may succumb alongside broader market sentiment if commentary out of an EU leaders’ summit spooks investors and inspires anti-risk liquidation.


from DailyFX - Feeds all http://bit.ly/2Mc4rJn
via IFTTT

Euro, Equities at Risk as Italy and EU Clash Over Budgets - Again

The Euro and regional equity markets may find themselves in the red after news crossed the wires that Rome and Brussels are locking horns over Italy’s projected budget deficit.


from DailyFX - Feeds all http://bit.ly/2Ww4BiA
via IFTTT

Dovish RBNZ Forward Guidance to Rattle NZDUSD Rate Rebound

NZD/USD stands at risk of giving back the rebound from the monthly-low (0.6482) as the RBNZ endorses a ‘downward bias’ for the official cash rate.


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

Japan Trade Hopes Eclipse US-China Freeze, Boosting Asian Stocks

Investors took some time off from worrying about the apparently distant prospect of a US-China trade deal and hoped for a Japanese agreement instead.


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

USDNOK Teeters on Edge of 14-Month Support: Will it Bounce or Break?

USDNOK is a whisper away from a possible break below a 14-month support. The question remains whether the pair have enough resolve to bounce back or will it wilt?


from DailyFX - Feeds all http://bit.ly/2X5VfaE
via IFTTT

ASX 200 Rides Trade-War Fears Impressively But May Be Tiring

The ASX 200 has risen above the global landscape of diminished risk appetite thanks to one or two cheerful specific fundamentals. Technically however it looks a bit stretched.


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

Gold Price Rebound Vulnerable to Upbeat US Economic Data

Fresh developments coming out of the U.S. may drag on the price of gold as the economy shows little to no signs of an imminent recession.


from DailyFX - Feeds all http://bit.ly/2X92O0c
via IFTTT

AUDUSD Chart Analysis: Upswing Expected to Keep Downtrend Intact

The Australian Dollar is aiming higher after finding support above the 0.68 figure but gains are likely to be corrective within the bounds of a broader downtrend.


from DailyFX - Feeds all http://bit.ly/2Xh8u8B
via IFTTT

Chinese Yuan at 7.00 Barrier: The Most Important Level for Currency Markets

As the trade war escalates between the US and China, FX markets are on the lookout as the Chinese Yuan reaches the critical 7.00 handle versus the US Dollar.


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

Weekly Technical Forecast: Dow Holds Back from Trend Reversal, Euro and Pound Pulsating

While volatility readings are still remarkably restrained, we are seeing a host of critical markets pressuring or overtaking key technical levels. Whether the Dow’s eyeing 25,200, the Sterling on the verge of reversing its longest tumble on record or looking to leverage its biggest single-day loss of 2019, there is remarkable technical risk and opportunity in our markets


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

Weekly Trading Forecast: Trade Wars, Brexit and Risk Trends Threaten Volatility

We are awash in critical fundamental themes unfolding before our eyes. Trade wars is once again proving a loaded theme with severe implications for more than just USDCNH while recession fears and political fractures are creating concerns over the sense of stability in the global financial markets. Beware the volatility ahead.


from DailyFX - Feeds all http://bit.ly/2X7dFrm
via IFTTT