Gold Prices May Suffer if FOMC Undermines Dovish Expectations

Gold prices may look increasingly overpriced if the FOMC rate decision and commentary fall short of the market’s comparatively more dovish expectations, opening the door to weakness.


from DailyFX - Feeds all https://ift.tt/2Ol6NHa
via IFTTT

AUDUSD Weekly Outlook: Aussie Bulls Look for Signs- Price Dips to .69

Aussie is poised to mark the largest weekly decline since April after reversing sharply off key resistance. Here are the levels that matter on the AUD/USD weekly chart.


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

US Dollar Seems to be Biased Upward on FOMC Rate Decision

The US Dollar seems more likely to rise than fall after the FOMC monetary policy announcement even as an interest rate cut is overwhelmingly expected.


from DailyFX - Feeds all https://ift.tt/2JX1DN1
via IFTTT

S&P 500, Dow Jones Technical Forecast

S&P 500 holds key support, however, bearish divergence leaves index vulnerable. Dow Jones showing signs of exhaustion


from DailyFX - Feeds all https://ift.tt/2Yqbu6k
via IFTTT

Euro Weekly Technical Outlook: EURUSD Downward Momentum Stalls at Support

The Euro traded into support prior to the ECB on Thursday, following there was some volatility price action that resulted in a Long-legged Doji candlestick.


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

Dollar Versus Gold Trends as Trump Warns on Trade War, FOMC Decision Approaches

Growth as a driving fundamental wind – particularly for Dollar bulls – has passed with the weekend liquidity drain. A Fed decision and provocative remarks on Trade wars from Trump will guide our week ahead.


from DailyFX - Feeds all https://ift.tt/2Mhe0oJ
via IFTTT

Gold Price Gains Kept Afloat by Robust ETF Holdings and Demand

Gold price gains have stalled over the last two weeks, but continuous demand for gold exposure in the ETF market could look to assist the trend higher.


from DailyFX - Feeds all https://ift.tt/2ZdB63q
via IFTTT

ECB monetary policy | Nicholas Cawley | Podcast

DailyFX analyst Nicholas Cawley discusses the recent ECB meeting – what does it mean for the euro and future policy?


from DailyFX - Feeds all https://ift.tt/30W7OGX
via IFTTT

USDZAR: South Africa Credit Rating Cut by Fitch, Rand Drops

The South African Rand is weakening further after Fitch Ratings cut South Africa's credit rating to junk status with negative outlook.


from DailyFX - Feeds all https://ift.tt/2Ol660q
via IFTTT

Gold Price Targets: Breakout Stalls – XUA/USD Coils Below Resistance

Gold prices are softer this week after reversing off key uptrend resistance. Here are the breakout levels that matter on the XAU/USD weekly chart into the close of July.


from DailyFX - Feeds all https://ift.tt/2K5pg51
via IFTTT

GBP/USD & GBP/JPY Look to Yearly Lows amid Latest Brexit News

Attempts by new UK Prime Minister Boris Johnson to reframe the Brexit negotiations appear to be falling on deaf ears in Brussels.


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

US Dollar Rally Runs Ahead of FOMC Rate Cut, EUR/USD Bear Trap

Yesterday brought whipsaw in EUR/USD around the ECB rate decision, but it's the FOMC meeting on the calendar for next week that has global markets' attention.


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

US Q2 GDP Stronger Than Expected, US Dollar Continues to Rally

The first look at US Q2 GDP beat market expectations with ease and further boosted the US dollar ahead of next week’s highly anticipated FOMC rate decision.


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

Canadian Dollar Outlook: Turning Point for USD/CAD Price?

This week USD/CAD buyers had the upper hand, however it might be a bit early to confirm an uptrend move. Here is the key level USD/CAD buyers may need to keep trading above to continue leading the price


from DailyFX - Feeds all https://ift.tt/2Ym3LBZ
via IFTTT

EURUSD, AUDUSD, GBPJPY, Gold Price & More – Charts for Next Week

Looking ahead to next week, there are a few charts of interest worth paying attention that could lead to solid opportunities.


from DailyFX - Feeds all https://ift.tt/2K5aGuh
via IFTTT

S&P 500, Dow Jones, Charts: Struggling at Big-picture Slopes

Both the S&P and Dow are struggling to overcome a major long-term top-side trend-line, a resolution could be nearing in the days ahead.


from DailyFX - Feeds all https://ift.tt/32Lr0ZE
via IFTTT

US Q2 GDP Preview: Slowest Growth Since 2017

Growth in the second quarter is expected to have slowed to 1.8%, its lowest figure in two years, as continued trade wars weigh on domestic output, providing the Fed signals it needs for rate cuts.


from DailyFX - Feeds all https://ift.tt/2Gw3Eh0
via IFTTT

Most Volatile Currencies Next Week - US Dollar, GBP/USD, AUD/USD

Fed, BoE and Key data in focus. US Dollar, GBPUSD and AUDUSD are expected to be among the most volatile currencies across the G10 space.


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

Gold Price Prepares to Breakout as FOMC Rate Decision Nears

Gold continues to bide its time before its next move with price action tempered ahead of next week’s FOMC rate decision when the Fed is fully expected to start cutting interest rates.


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

Sterling Outlook: GBPUSD Breaks Down, Boris Johnson Bounce Fades

GBPUSD nears its lowest level of the week, and looks at a technical breakout, as the Boris Johnson mid-week mini-bounce fades in the face of a seemingly unmovable EU.


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