Friday, 5 July 2019

S&P 500: Retail Trader data shows 26.3% of traders are Net-Long

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


from DailyFX - Feeds all https://ift.tt/2FWtYkf
via IFTTT

Bitcoin: Retail Trader data shows 79.5% 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 Bitcoin-bearish contrarian trading bias.


from DailyFX - Feeds all https://ift.tt/2YBYPdk
via IFTTT

Sentiment Analysis for Forex Trading

How does market sentiment affect your forex trading strategy? Read this guide to find out.


from DailyFX - Feeds all https://ift.tt/2JfK3DV
via IFTTT

Gold Price Double Top Takes Shape after June US NFP Report

With odds fading for an aggressively dovish Federal Reserve, the rebound by US Treasury yields and the US Dollar is undercutting gold prices.


from DailyFX - Feeds all https://ift.tt/2FTEb14
via IFTTT

USD Rises on Firm NFP Report, 50bps Fed Rate Cut Bets Plunge

US Nonfarm Payrolls rose by 224k in June, beating expectations of 160k expected. USD pushes higher alongside US yields, while gold breaks below $1400.


from DailyFX - Feeds all https://ift.tt/2JfRwTj
via IFTTT

US Dollar Outlook: GBPUSD, USDJPY, USDCAD Price Action Set-Ups

USD approaches 97.00 as GBPUSD, USDCAD and USDJPY hover around critical levels.


from DailyFX - Feeds all https://ift.tt/2XIajPj
via IFTTT

Canadian Dollar Outlook: USD/CAD Price Eying a Break of 1.3000 Handle

Yesterday, USD/CAD printed its lowest level in nearly eight and a half months. How the sellers could continue pushing the price lower? Here are the levels to consider.


from DailyFX - Feeds all https://ift.tt/2Xxj53q
via IFTTT

German New Orders Slump Raises Likelihood of Further ECB Stimulus

The ECB is facing increasing pressure to take action in stimulating the economy rather than wait and see how things unfold. Slumping German new orders give evidence as to why action is needed.


from DailyFX - Feeds all https://ift.tt/2XQfVH7
via IFTTT

SNB Likely Wary Of Any EURCHF Floor Even If ECB Eases Again

Markets believe the European Central Bank will ease policy this year. This could be bad news for the Swiss National Bank, but it’s not clear that it will resort to old remedies.


from DailyFX - Feeds all https://ift.tt/2L088Ap
via IFTTT

Thursday, 4 July 2019

EURUSD Vulnerable to Larger Pullback on Strong US Job/Wage Growth

Updates to the US Non-Farm Payrolls (NFP) report may keep EURUSD under pressure as the economy is anticipated to add 160K jobs in June.


from DailyFX - Feeds all https://ift.tt/329qKTT
via IFTTT

Asian Stocks Trade Mostly Higher In Narrow, Pre-Payrolls Session

Regional equity markets were without their usual Wall St directional guidance and also mindful of last month’s shock US labor market weakness.


from DailyFX - Feeds all https://ift.tt/2LByyrP
via IFTTT

Rupee Outlook Bearish if Trump Expands Trade War to India

The Rupee may weaken if Donald Trump slaps tariffs on India after Prime Minister Narendra Modi retaliated and raised levies on US goods, fueling trade war fears as USDINR rises.


from DailyFX - Feeds all https://ift.tt/2JocY7l
via IFTTT

Nikkei 225 Bounce Endures, Longer-Term Downtrend Still Solid

The Nikkei 225 remains well within the uptrend channel which has held since June. The bulls have more to prove than that fact alone would suggest, however.


from DailyFX - Feeds all https://ift.tt/30iGrGR
via IFTTT

Oil Price Rebound Fizzles Following Uptick in US Crude Production

Crude is back under pressure as US output picks up for the first time since May, with oil prices at risk for a further decline as a ‘death-cross’ formation takes shape.


from DailyFX - Feeds all https://ift.tt/2xuwFoD
via IFTTT

The Head and Shoulders Pattern: A Trader’s Guide

Learn how to use the Head and Shoulders pattern to spot trend reversals on forex and stock charts.


from DailyFX - Feeds all https://ift.tt/2KZ1NoV
via IFTTT

Hammer Candlestick Patterns: A Trader’s Guide

Learn how to use the hammer candlestick pattern to spot bullish reversals in the market. Our guide includes expert trading tips and examples


from DailyFX - Feeds all https://ift.tt/2RU9rSn
via IFTTT

EUR/USD Implied Volatility Drops to Multi-Year Lows

Implied volatility measures for spot EUR/USD have taken a plunge to extreme lows driven largely by dovish ECB and Fed expectations.


from DailyFX - Feeds all https://ift.tt/2YytA2y
via IFTTT

How Monetary and Fiscal Policy Can Amplify or Stave Off Crises

During the Great Recession, governments and central banks worldwide moved to reverse the collapse of the global economy. Here’s how fiscal and monetary policy can affect economic slumps.


from DailyFX - Feeds all https://ift.tt/2L0LJmw
via IFTTT

GBP/USD & GBP/JPY Turn Lower after UK PMIs, Latest Brexit News

Speculation around a no deal, hard Brexit remains a significant burden for the British Pound.


from DailyFX - Feeds all https://ift.tt/2XGEAOo
via IFTTT

US Crude Oil Price Outlook: Sentiment Data Suggest a Rally

After the falls in crude oil prices so far this month, retail trader positioning figures suggest that a recovery is close.


from DailyFX - Feeds all https://ift.tt/2XGVzjH
via IFTTT

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...