GBPUSD Price Pops Higher on UK Data Beat, Weak US Dollar

GBPUSD trades at a 10-day high after the latest UK Services PMI release beat expectations, while the US dollar continues to move lower.


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

EUR/USD Volatility Risk Captures ECB, Downtrend from 2019 Peak in Focus

EUR/USD implied volatility rises as ECB meeting is captured. Focus on the descending trendline following double-top break.


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

Gold Price Gains May Be Fleeting as US Dollar Reclaims Haven Bid

Explosive gold price gains may be fleeting as market turmoil continues even as traders run out of room to price in a more dovish Fed, allowing the US Dollar to rebound.


from DailyFX - Feeds all http://bit.ly/2KueUO2
via IFTTT

AUDUSD Risks Larger Rebound as RBA Tames Bets for Rate Cutting Cycle

Recent price action in AUDUSD raises the risk for a larger rebound as the exchange rate carves a series of higher highs and lows following the RBA meeting.


from DailyFX - Feeds all http://bit.ly/2IfKZX2
via IFTTT

BHP Group Stock Hints Reversal Coming in Australia ASX 200 Index

BHP Group shares are hinting of a top coming in Australia’s ASX 200 benchmark stock index. Trade-war escalation fears are a downside risk amidst an increasingly dovish RBA.


from DailyFX - Feeds all http://bit.ly/318UShU
via IFTTT

EURUSD Nervously Eyes Eurozone PMI, US ISM Data - Growth in Focus

EURUSD will be closely watching for the outcome of Eurozone PMI and US ISM data, as both economic powerhouses continue to show weakness in the face of a global slowdown.


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

US-China Trade War Crowns Surprise Winners As World Adapts

Trade conflict is clearly awful for the broad world economy, but some countries are already benefiting from it. More stand to do so. Spotting them early could be profitable.


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

Japanese Yen Stands Tall Across Board As US-China Trade War Rages

The Japanese Yen is now clearly winning its haven battle with the US Dollar with USD/JPY weakness mirrored in a broad range of Yen crosses.


from DailyFX - Feeds all http://bit.ly/2WJif2i
via IFTTT

USDNOK Breaks Critical Support - USDSEK Retreats at Alarming Rate

USDNOK and USDSEK are both experiencing retreats at an alarming rate, potentially opening the door to a short-term break in critical support areas.


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

S&P 500, Dow Return to Technical Tipping Point on Fed Support

Fed Chairman Powell raised a familiar speculative lightning rod Tuesday to leverage a technical incursion on a key Dow level. Is there enough enthusiasm to carry us through or will trade wars and recession fears trip the bulls up?


from DailyFX - Feeds all http://bit.ly/2MvBbO5
via IFTTT

AUD/USD Near-Term Uptrend Holds On Mixed Q1 Australian GDP Report

The near-term uptrend in AUD/USD held after a mixed first quarter Australian GDP report, with trade war fears risking resuming weakness in the Aussie Dollar down the road.


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

Oil Price Forecast: Can OPEC+ Stave Off a Bear Market?

The sharp selloff in the price of crude oil appears to have stalled following fresh remarks from OPEC, with recent price action raising the risk for a larger rebound.


from DailyFX - Feeds all http://bit.ly/2KqB9o0
via IFTTT

Engulfing Candle Patterns & How to Trade Them

Learn how to use the engulfing candlestick pattern to spot reversals in the markets, with expert trading tips and examples


from DailyFX - Feeds all http://bit.ly/2Wnx3nU
via IFTTT

Gold Price Outlook: XAU Breakout - Too Far, Too Fast?

Gold prices surged more than 4% in just three days with the breakout now facing the first major test. Here are the levels that matter on the XAU/USD charts this week.


from DailyFX - Feeds all http://bit.ly/2Wo70wy
via IFTTT

US Dollar Range Breakout Would Suggest Major Topping Potential

Rates markets have now begun to price-in three rate cuts over the next year, a major reason why the US Dollar has been dragged lower in recent days.


from DailyFX - Feeds all http://bit.ly/2Z7C8xc
via IFTTT

ZAR Plummets on Shocking Q1 GDP, Mexican Peso Rises, RBA Cuts Rates - US Market Open

The South African Rand under significant pressure this morning after Q1 GDP showed the largest contraction since 2009.


from DailyFX - Feeds all http://bit.ly/319OLK4
via IFTTT

Canadian Dollar Price - USD/CAD May Resume Bearish Price Action

USD/CAD is sliding lower due to recent USD weakness. Here is the possible bearish scenario with the key technical levels to watch.


from DailyFX - Feeds all http://bit.ly/2Z6RB0x
via IFTTT

Euro Outlook: EUR/USD Price Snaps Back to Resistance Ahead of ECB

EURUSD has pushed up to a fresh six-week-high this morning as USD-weakness continues to get priced-in. Will this Thursday's ECB rate decision bring upon change?


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

Pound Forecast: Trading GBP When a New Tory Leader Takes on Labour

Sterling markets are on edge as the UK’s ruling Conservative Party prepares to pick a new leader, who will become Prime Minister automatically. But would he or she beat the Opposition’s Jeremy Corbyn?


from DailyFX - Feeds all http://bit.ly/2wDt4UE
via IFTTT

Risk Aversion Still Dominating Markets | Webinar

Market sentiment remains poor, with safe havens still in demand. Riskier assets look to be picking up but that could be due simply to some profit-taking after their recent losses.


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