Wednesday, 7 August 2019

Crude Oil Price Slumps into Bear Market Territory

Brent crude has now dropped over 20% since its April high and the chart, while oversold, suggests that prices may trend lower still.


from DailyFX - Feeds all https://ift.tt/2OT9dg6
via IFTTT

New Zealand Dollar Technical Analysis Overview: NZD/USD, AUD/NZD Levels to Watch

NZD/USD, AUD/NZD key levels to watch. RBNZ surprise announcement slams NZD/USD, while AUD/NZD faces plethora of resistance levels following bullish bounce


from DailyFX - Feeds all https://ift.tt/2yG5pUG
via IFTTT

Crude Oil Prices Eye 2-Month Low as Trade War Sours Global Growth

Crude oil prices seem poised to revisit two-month lows near the $50/bbl figure as US-China trade war escalation sours global economic growth expectations.


from DailyFX - Feeds all https://ift.tt/2M4TtVb
via IFTTT

Tuesday, 6 August 2019

US Dollar Eyes Fed’s Evans Speech After Bullard’s Commentary

The US Dollar will be closely monitoring a speech from Chicago Fed President Charles Evans after St. Louis Fed President James Bullard’s neutral commentary.


from DailyFX - Feeds all https://ift.tt/2M3II5x
via IFTTT

Will Explosive US Dollar Gains Continue Versus MYR, SGD, PHP, IDR?

The US Dollar has scored explosive gains against its ASEAN counterparts. Will uptrends in USD/MYR, USD/SGD, USD/PHP and USD/IDR continue in the days ahead?


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

Gold Price Breakout Raises Scope for Overbought RSI Signal

Gold climbs to a fresh yearly high, with the RSI approaching overbought territory as the price for the precious metal breaks out of a near-term holding pattern.


from DailyFX - Feeds all https://ift.tt/2YQvc7o
via IFTTT

US Dollar Strength Catapults USDNOK Above 17-Month Rising Support

US Dollar strength has caused Greenback-Nordic crosses to re-enter critical rising support levels, opening the door to a resumption of USDSEK and USDNOK’s prior uptrend.


from DailyFX - Feeds all https://ift.tt/33iM2Ps
via IFTTT

Doubt that S&P 500 Dip Buying, Monitor Both USDCNH and VIX Closely

Risk aversion has hit a speed gap and speculative appetite has rushed in to take advantage. As broad as the bounce may be, traders should not get too confident in the pressures building across the spectrum.


from DailyFX - Feeds all https://ift.tt/2yHH4hh
via IFTTT

New Zealand Dollar Sinks as RBNZ Surprises Markets With 50bps Cut

The NZD/USD dropped through support as the Reserve Bank of New Zealand unexpectedly delivered a 50-basis point rate cut from 1.50% to 1.00% amidst heightened uncertainty over trade.


from DailyFX - Feeds all https://ift.tt/2ThPQw4
via IFTTT

NZD/USD Technical Analysis: Trend-Setting Move Eyed as RBNZ Looms

The New Zealand Dollar stands on the cusp of a trend-defining technical break as all eyes turn to the RBNZ monetary policy announcement.


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

Post-RBA AUDUSD Rebound Mired by Oversold RSI Signal

AUDUSD carves a narrow range following the RBA meeting, but recent developments in the RSI suggest the bearish momentum could still gather pace as it holds below 30.


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

EUR/USD: Net-Long Positions Decrease by 36% from Last Week

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


from DailyFX - Feeds all https://ift.tt/2GSmQG5
via IFTTT

Weekly Trade Levels: US Dollar, EUR/USD, USD/JPY, Gold & Silver

Webinar highlighting active trade setups we’re tracking into the start of the month. Here are the targets & invalidation levels that matter on the technical charts.


from DailyFX - Feeds all https://ift.tt/33idTzh
via IFTTT

Copper (HG) May Resume Bearish Price Action Below Weekly Support

Last week Copper closed in the red losing near 4% of its value. How the metal may perform? And what about the key chart points traders may need to keep in focus?


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

USD/CNH Above 7.000: Trade Wars are Good, and Easy to Win

Now that China has acknowledged that it is using the USDCNH exchange rate to offset the Trump tariffs, the US Treasury has officially labeled China a currency manipulator.


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

The Psychology of Speculation in the Forex Market

Trading psychology is a necessity to long-term trading success. Find out how to develop a positive mindset when speculating on forex


from DailyFX - Feeds all https://ift.tt/2MIPc9F
via IFTTT

AUD/USD and NZD/USD Rise as Chinese Yuan Stabilises - US Market Open

A relief rally across equity markets as the Chinese Yuan stabilises from yesterday’s plunge. Eyes on the Yuan fix going forward.


from DailyFX - Feeds all https://ift.tt/2YK3QzF
via IFTTT

Gold Price Breakout Hits Resistance - Pullback or Reversal?

Gold prices have been aggressively bid after last week's tariff announcement, finally finding a bit of resistance at fresh six-year-highs.


from DailyFX - Feeds all https://ift.tt/31htP2Y
via IFTTT

US Dollar Hits Support, Euro Resistance; DXY, EURUSD Charts & More

The Dollar traded down to a small line of support; this has recent recoveries in currencies at risk of a counter move at the least…


from DailyFX - Feeds all https://ift.tt/2Maaf5B
via IFTTT

Will Market Sentiment Recover? | Webinar

There are tentative signs that the markets are bouncing after their recent selloff but the key question is whether that’s the start of a recovery or just a pause before further losses.


from DailyFX - Feeds all https://ift.tt/2yFwWWf
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...