GBP Price Outlook: Further Falls Possible as Boris Faces Brexit Stalemate

New UK Prime Minister Boris Johnson is facing a near-impossible task: delivering a Brexit deal. That could mean still more losses for GBPUSD, although the potential downside may now be limited.


from DailyFX - Feeds all https://ift.tt/2Y21qRD
via IFTTT

AUDUSD Chart – Multi-week Correction May Be Near its End

AUDUSD has been stronger than other USD pairs but is set up to weaken again as the price action smacks of corrective since the June low.


from DailyFX - Feeds all https://ift.tt/2JNY9ww
via IFTTT

EURUSD Hit by Weak PMI Data, ECB Needs to Get Aggressive

EURUSD remains under selling pressure after another set of weak Euro-Zone PMIs. The ECB meeting on Thursday now takes on increased importance will they stimulate the economy tomorrow or not?


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

EURGBP Technical Outlook Points to Lower Prices

EURGBP has a few technical developments which suggest it is headed for more weakness ahead.


from DailyFX - Feeds all https://ift.tt/2Z7vLud
via IFTTT

Gold Price Pressing Resistance, Chart Set-Up Remains Positive

Gold continues to trade within a pennant set-up and nears another break of the upper trendline. A strong US dollar is keeping gold in-check but for how long?


from DailyFX - Feeds all https://ift.tt/2GrDhc9
via IFTTT

Waning US Crude Inventories to Keep Oil Prices Afloat

Oil prices may stage a larger rebound as US crude inventories are expected to contract for the sixth consecutive week.


from DailyFX - Feeds all https://ift.tt/2XYO6gJ
via IFTTT

EURUSD May Break Key Support if PMI Data Fuels ECB Rate Cut Bets

EURUSD may break below an 18-month resistance-turned-support channel if Eurozone PMI data fuels ECB rate cut expectations at this week’s meeting, though downside momentum may be curtailed.


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

Crude Oil Prices May See Clashing Cues in Eurozone PMI, EIA Data

Crude oil prices might face conflicting cues as Eurozone PMI data warns of slowing global demand while EIA inventory data reveals a hefty drawdown.


from DailyFX - Feeds all https://ift.tt/30WL0Hd
via IFTTT

US-China Trade War Thaw Hopes Boost APAC Stocks

Trade and interest rate expectations combined to make life pretty easy for stock bulls on Wednesday. There were some local wobbles, but most indexes gained


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

US Dollar Shrugs Rate Cut Bets After IMF Publishes Gloomy Outlook

The US Dollar rose despite an uptick in Fed rate cut bets ahead of the July FOMC meeting after the IMF published a gloomy outlook for global growth.


from DailyFX - Feeds all https://ift.tt/32Nb897
via IFTTT

Dollar Rallies After IMF’s Growth Upgrade, Pound Steadfast After New PM Announced

The ‘growth’ theme seemed to catch traction earlier than expected this week. With July PMIs and the US 2Q GDP ahead, the IMF decided to downgrade its global growth forecasts; but it was a surprise US upgrade that generated the biggest impact.


from DailyFX - Feeds all https://ift.tt/2M9SJNG
via IFTTT

Japanese Yen Faces USDJPY Bulls’ Strenuous Base Building Efforts

The Japanese Yen has had a pretty good run against the US Dollar but the latter ‘s fall seems to have hit a solid barrier


from DailyFX - Feeds all https://ift.tt/2Z7GmFB
via IFTTT

USDCAD Rate May Rise Further After Monthly Opening Range Break

Current market conditions may fuel a larger rebound in USDCAD as the exchange rate clears the opening range for July.


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

Canadian Dollar Price Chart: USD/CAD Breaks Out – Loonie Trade Levels

The Canadian Dollar is on the defensive this week with price now attempting to break the monthly opening-range. Here are the levels that matter on the USD/CAD charts.


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

Gold Prices Continue to Exhibit Strength Despite the US Dollar Breakout

Gold prices could care less that the US Dollar (via the DXY Index) is breaking its downtrend from the May high.


from DailyFX - Feeds all https://ift.tt/2M6Hkyk
via IFTTT

EUR Breaks Support, Boris Johnson Wins Tory Contest, CAD Extends Bearish Turn - US Market Open

As widely expected, Boris Johnson won the leadership contest with a margin of 66%. Euro hits a two month low, while CAD trades on the defensive.


from DailyFX - Feeds all https://ift.tt/2Sw4Fut
via IFTTT

Copper Price Outlook: Uptrend Pauses After Printing Two-Month High

Last week Copper rallied to its highest level in over two months then stopped with the buyers likely taking profit. Here are the chart key points Copper’s traders may need to consider.


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

S&P 500: Number of Traders Net-Long Continues to Decrease

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/2JJRbZa
via IFTTT

Bitcoin: Number of Traders Net-Short Increases by 20.4% from Last Week

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.


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

US Dollar Bursts Higher, EUR/USD Fresh Low, USD/CAD Breaks Resistance

The US Dollar is rallying after the NY Fed walked back comments from John Williams last week. How dovish will the Fed be at the bank's highly-expected rate cut?


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