Crude Oil Prices May Oscillate Between Iran Risks, China GDP

Crude oil prices may find themselves oscillating between political risk in Iran and weak economic data, which might create selling pressure in the cycle-linked commodity.


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

AUDUSD Preps a Clean Reversal Pattern but Dollar, China GDP Complicate

There is a provocative inverse head-and-shoulders set for AUDUSD. A pattern ubiquitous with charged reversals but conditions and similarly disrupted patterns should throttle our anticipation for more nuanced strategy.


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

Dow’s Record Highs and Gold’s Congestion Shift from Fed Hopes to Growth, Trade Fears

The markets have made a shrine to the Fed’s dovish policy shift in the form of the Dow’s record highs. Unfortunately for the bulls, this theme is likely to fade while trade wars and growth concerns move forward.


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

Gold Price Weekly Technical Forecast: Digestion into Bull Pennant

Gold price action has funneled into a symmetrical wedge pattern so far in July; but are buyers yet ready to relent after an extremely strong finish to Q2?


from DailyFX - Feeds all https://ift.tt/2l5qsMK
via IFTTT

Australian Dollar Faces Busy Week, But Probably No Game Changer

From RBA minutes through to employment data and Chinese growth numbers, this won’t be a quiet time for Australian Dollar watchers.


from DailyFX - Feeds all https://ift.tt/2SaBw7Q
via IFTTT

Does the Russell 2000 to S&P 500 Ratio Suggest a Coming Recession?

The S&P 500 to Russell 2000 ratio is at its lowest since 2008 and some investors have taken notice, but does the slipping ratio suggest heightened recession risk?


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

Forex Trading Top 5 Events Next Week: China GDP, Eurozone ZEW, US Consumer Sentiment, New Zealand CPI, Australia Jobs

The forex economic calendar is chalk full of high-impact event risk next week and puts USD, EUR, AUD, NZD and CNH currency pairs in the spotlight.


from DailyFX - Feeds all https://ift.tt/2jGA68r
via IFTTT

US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD and USD/CAD

The US Dollar has seen a different tonality so far in July, but a short-term theme of strength runs counter to an intermediate-term scenario of weakness.


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

WTI Crude Oil Price Outlook: Pullback to Support, Can Bulls Hold?

Crude oil prices caught a boost this week as production constraints showed around a brewing storm in the Gulf of Mexico, set to touch down this weekend.


from DailyFX - Feeds all https://ift.tt/2XEp2eE
via IFTTT

S&P 500: Traders Remain Net-Short Since January

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/30wvhOQ
via IFTTT

CAD Rate Forecast Higher After Hitting 2019 Peak, USDTRY Soars - US Market Open

Canadian Dollar continued to its grind higher against the greenback, hitting a fresh 2019 high. USDTRY spikes higher as geopolitical tensions look set to rise.


from DailyFX - Feeds all https://ift.tt/2XI9eTh
via IFTTT

DAX Price Analysis: Facing Key Support Levels

Last week Dax printed its highest levels in eleven months then pulled back after. Here are the technical levels the price might rebound from in the few coming days.


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

Gold Price Outlook Bullish, Silver Prices Could Soar on ETF Surge

Gold prices reclaim $1400 on dovish Powell, while slowing global growth keeps the precious metal underpinned. Silver becomes increasingly attractive amid the surge in ETF holdings.


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

Most Volatile Currencies Next Week - GBP/USD, NZD/USD

Amid a raft of key economic data, GBPUSD and NZDUSD are expected to be among the most volatile currencies across the G10 space.


from DailyFX - Feeds all https://ift.tt/2NN2GDg
via IFTTT

Canadian Dollar Price Outlook: USD/CAD Sellers Might Push to This Level

Today USD/CAD continued its fall nearing the 1.3000 handle. Here are the levels the sellers may lead the price to


from DailyFX - Feeds all https://ift.tt/2JHu7ck
via IFTTT

EURUSD Technical Analysis: Trend Bias Bearish Amid Congestion

Euro technical positioning has sent mixed signals recently but a look past near-term congestion to the overall trend continues to argue for a bearish bias.


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

Relative Strength Index (RSI) Defined and Explained

The Relative Strength Index (RSI) is a great tool to time entry and exit points. Learn more about this useful oscillator.


from DailyFX - Feeds all https://ift.tt/30suU7O
via IFTTT

EURUSD May Fall on Industrial Production as Growth Outlook Dims

EURUSD will be closely watching the publication of industrial production data after the European Commission revised down the growth outlook for the Eurozone.


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

Gold Prices May Struggle if US PPI Helps Cool Fed Rate Cut Bets

Gold prices may struggle to build higher if US PPI data points to stronger inflation than markets have accounted for, cooling Fed interest rate cut expectations.


from DailyFX - Feeds all https://ift.tt/2S8SmUI
via IFTTT

Dow Hits a Record High, So Why Didn’t the S&P 500, Nasdaq or Russell 2000?

The Dow hit a record high this past session having cleared 27,000. Taken alone, this would seem a reassuring development, but the uneven performance of other US indices raises some concern.


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