Sterling (GBP) Manages to Continue its Recovery Despite Dismal UK Manufacturing PMI

The Pound was marginally stronger against all currency pairs despite UK Manufacturing PMI data coming in much worse than expected. Brexit stockpiling wind down was expected.


from DailyFX - Feeds all http://bit.ly/2Z9ctEJ
via IFTTT

Crude Oil Price Outlook Remains Fragile - Will Near-Term Support Hold?

Crude oil‘s sharp sell-off has halted in the short-term as the market hits support off an important Fibonacci level.


from DailyFX - Feeds all http://bit.ly/2EP3j8y
via IFTTT

Gold Prices Eye ISM Data as USD Weighs Fed Outlook, Haven Demand

Gold prices’ scope to build on recent gains hinges on the Dollar as it weighs conflicting cues from Fed rate cut bets and haven demand. Manufacturing ISM data is in focus next.


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

Japanese Yen Outperforms on Rising Trade Tension, Falling US Yields

The Japanese Yen outperforms its major counterparts, with USD/JPY snapping the range-bound price action as there appears to be a material change in risk-taking behavior.


from DailyFX - Feeds all http://bit.ly/315GOFG
via IFTTT

Asia Stocks Wilt As Mexico Tariffs Add To US-China Trade War Woes

Global trade was again to the fore in Asia Pacific stock trading with increased US barriers against Mexico. This week may offer some respite from the subject, but it’s unlikely to last.


from DailyFX - Feeds all http://bit.ly/2Z01gGn
via IFTTT

USD May Rise as Singapore Dollar Falls, Philippine Peso Eyes CPI

The US Dollar may benefit from haven demand against the backdrop of trade war fears, gaining against the Singapore Dollar and Malaysian Ringgit. The Philippine Peso eyes local CPI data.


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

AUDUSD Hits-2-Week High As China Caixin-PMI Holds Up, RBA Eyed

The Australian Dollar got a lift from a private survey of Chinese manufacturing which showed more fight than its official predecessor of last week.


from DailyFX - Feeds all http://bit.ly/2JSxRu3
via IFTTT

EURUSD Rate Consolidates Ahead of ECB Amid Failure to Test April-Low

EUR/USD fails to test the May-low (1.1107) ahead of the ECB meeting on June 6, with the exchange rate snapping the series of lower highs and lows from the previous week.


from DailyFX - Feeds all http://bit.ly/2W8r3uf
via IFTTT

CAD at Risk After US-Mexico Trade War Fears Erupted, US Dollar Sunk

The Canadian Dollar sunk with crude oil prices as USD/CAD risks a reversal. US-Mexico trade war fears fueled market volatility as the S&P 500 concluded its worst week in 2019 yet.


from DailyFX - Feeds all http://bit.ly/2Wg9FIK
via IFTTT

Gold Price Weekly Forecast: Outlook Bolstered as Global Equities Falter, Gold Volatility Rises

With risk appetite deteriorating amid rising trade war concerns, sovereign bond yields have dropped around the developed world, creating a fundamentally bullish situation for gold prices: falling real yields.


from DailyFX - Feeds all https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2019/06/02/Gold-Price-Weekly-Forecast-Outlook-Bolstered-as-Global-Equities-Falter-Gold-Volatility-Rises.html
via IFTTT

Weekly Technical Forecast: Dow, Dollar and Oil Suffer Varying Degrees of Reversal

A slow turn in a host of benchmark assets this past week hit a flash point Friday with dramatic consequences. The US indices have triggered head-and-shoulders reversal patterns, oil dove beyond midpoint of its December to April rally and the usual safe haven Dollar checked lower. What do the charts say are in store next week?


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

Weekly Trading Forecast: How Will Risk Trends and Dollar Fair as Trade Wars Escalate?

Disparate fundamental themes are starting to coalesce into a clear sense of general risk aversion. While the US-China trade war was due to further simmer towards its next boil over, President Trump lit an unexpected fuse with the vow of a blanket tariff against Mexico. With the tallies from trade war damage growing more numerous, we may find growth concerns and incapable safety nets overwhelm market stability.


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

Dollar Approaches Two-Year High as Major Crosses Grope for Traction

The Dollar is flirting with both volatility and the extension of a choppy trend to fresh multi-year highs. Is that activity level and speculative bias mutually exclusive? If so, we face a slow climb or amplified tumble.


from DailyFX - Feeds all http://bit.ly/2W8brGN
via IFTTT

S&P 500, FTSE 100 Outlook: Trade War Deadline, Brexit Vote, Fed Powell Testimony in Focus

Sell in May and go away was evident with global indices on the backfoot as trade war tensions escalated. Equity markets will be looking to ECB, NFP and Fed’s Powell for a change in fortune.


from DailyFX - Feeds all http://bit.ly/2YVXu0H
via IFTTT

Euro Nervously Eyes ECB Rate Decision, Turmoil in Italy, Trade Wars

Euro traders will find themselves hot under the collar as the ECB announces its rate decision and will likely revise its growth outlook downward.


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

Crude Oil Price Collapses Through Key Supports: More to Go?

Crude Oil Prices plunged through a number of supports this week, capped by a loss of 6% on the final day of May. Can bears continue to push prices lower?


from DailyFX - Feeds all http://bit.ly/2WgQK0D
via IFTTT

Japanese Yen Remains Biased Higher But Could Struggle This Week

These are good times for haven assets like the Japanese Yen, but the coming week’s events may just see some revival of risk appetite, short term though it will probably be.


from DailyFX - Feeds all http://bit.ly/2EO0fcR
via IFTTT

Pound Weekly Technical Outlook: GBPUSD Tags Major Trend Support

GBPUSD continued to trade off last week but hit an important trend-line with several key inflection points dating back to its origination at the October 2016 flash-crash low.


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

Dow Jones, S&P 500, DAX 30, FTSE 100 Technical Forecast

The Dow Jones, S&P 500, DAX 30 and FTSE 100 dipped beneath critical support levels as selling pressure continues. Here are the key levels to watch in the week ahead.


from DailyFX - Feeds all http://bit.ly/2KdXq8t
via IFTTT

US Dollar Biased Higher as Haven Flows Trump Fed Rate Cut Bets

The US Dollar seems biased higher as haven-seeking demand overwhelms Fed interest rate cut speculation amid escalating trade wars.


from DailyFX - Feeds all http://bit.ly/2Z0ZTHg
via IFTTT