Gold Prices Stabilize Ahead of Jackson Hole, Will XAU Bulls Show Up?

Gold prices have stabilized after a volatile showing last week. Gold price action has clung to a bullish trendline ahead of a couple of really big drivers.


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

Strait of Hormuz: The World’s Most Important Oil Chokepoint

With over a third of global seaborne crude oil and a fifth of oil traded worldwide flowing through the Strait of Hormuz, this narrow nautical channel may be the world’s most important chokepoint.


from DailyFX - Feeds all https://ift.tt/2TR3Woa
via IFTTT

EUR/USD, EUR/JPY Coil into Symmetrical Triangles Ahead of Eurozone PMIs, Jackson Hole

The Euro hasn’t gotten a lot of attention recently as traders have been distracted by Brexit and the US-China trade war. That could soon change.


from DailyFX - Feeds all https://ift.tt/2Mvc9gZ
via IFTTT

Turkish Lira Price: USD/TRY Uptrend Eyes Another Break Out

Yesterday, USD/TRY rallied off the zone testing four weeks high. Here are the key chart points that could slow down current uptrend or maybe stop it


from DailyFX - Feeds all https://ift.tt/30on3IP
via IFTTT

Crude Oil Prices Heads Higher, Canada Extends Oil Production Cuts - US Market Open

Brent crude futures are notably firmer this morning following broader risk sentiment and US oil inventory drop, while the South African Rand outperforms on lower inflation.


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

US Dollar Price Outlook: USD Primed for FOMC Minutes, Jackson Hole

The US Dollar is flat on the week but a couple of big drivers are ahead on the economic calendar. FOMC Minutes are on the docket for 2 PM ET.


from DailyFX - Feeds all https://ift.tt/30pd2ey
via IFTTT

S&P 500, Crude Oil, Gold Price Technical Outlook & More

The S&P 500 is heading towards the high end of the range near-term, crude oil into resistance, while gold continues to correct in a constructive manner…


from DailyFX - Feeds all https://ift.tt/2KWUMm3
via IFTTT

GBP/USD: Traders continue to remain net-long

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


from DailyFX - Feeds all https://ift.tt/2ZeN24c
via IFTTT

EUR/USD: Traders remain net-long since July despite decrease in price

Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EUR/USD trading bias.


from DailyFX - Feeds all https://ift.tt/2HhbX0T
via IFTTT

Canadian Dollar Price Outlook: USD/CAD Faces Data and Central Bank Risks

The latest look at Canadian inflation data today will help guide USD/CAD traders but with the today’s FOMC minutes and Fed Powell’s speech on Friday, the pair may be in for a rocky ride.


from DailyFX - Feeds all https://ift.tt/2Mu4BLo
via IFTTT

USD/CHF, EUR/CHF Price: May Correct Higher as Support Holds

Since the end of July Euro and US Dollar has been moving in a downtrend against Swiss Franc. Here are the key tech levels EUR/CHF and USD/CHF need to overcome to correct this downward momentum.


from DailyFX - Feeds all https://ift.tt/2Hesdj2
via IFTTT

DAX 30 & CAC 40 Technical Outlook: Just a Bounce or More?

The German and French benchmarks are finding some life off recent lows, but it’s a questionable rally at this time.


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

Negative Yielding Government Bonds – What Are They Telling Us?

There is in excess of USD 16 trillion of negative yielding government debt (bonds) trading in the market at the moment. Every day investors hold these bonds, they lose money.


from DailyFX - Feeds all https://ift.tt/2ZcFH56
via IFTTT

Gold Price Analysis: FOMC Minutes Ahead, However, Jackson Hole Takes Precedence

Gold hovering around psychological $1500 ahead of FOMC minutes. However, greater focus should perhaps be placed on Jackson Hole.


from DailyFX - Feeds all https://ift.tt/2KKaDp7
via IFTTT

EURUSD Weakness to Persist on Less-Dovish Fed Rhetoric

EURUSD may continue to give back the advance from the August-low (1.1027) as a growing number of Federal Reserve officials tame speculation for a rate easing cycle.


from DailyFX - Feeds all https://ift.tt/30q0un6
via IFTTT

US Dollar May Rise vs Euro if FOMC Minutes Cool Fed Rate Cut Bets

The US Dollar may rise vs the Euro if the FOMC meeting minutes cool rising rate cut bets amid growing downside risks to the global economy.


from DailyFX - Feeds all https://ift.tt/2Hi1p1c
via IFTTT

Gold Prices Brace for Impact, Eye Bond Yields as FOMC Minutes Loom

Gold prices are bracing for impact as July’s FOMC meeting minutes set the tone for rate cut expectations. The response from bond yields may be trend-defining.


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

Stocks Mixed, Gains Narrow. Italian Politics Add To Lengthy Worry List

Local equity markets put in a nervy mid-week performance as investors looked ahead to Jackson Hole and worried a little about Eurozone stability as another election looms for Italy’s top political job


from DailyFX - Feeds all https://ift.tt/2MtcvF8
via IFTTT

US Dollar Technical Outlook Versus PHP, SGD, MYR and INR Bearish?

Will the US Dollar see near-term losses against the Philippine Peso, Singapore Dollar and Malaysian Ringgit? Technical signals seem to point in that direction as FOMC minutes near.


from DailyFX - Feeds all https://ift.tt/2L1nhPt
via IFTTT

Crude Oil Prices, NOK May Fall on Norway Sovereign Wealth Fund Data

Crude oil prices and the Norwegian Krone may fall if the world’s largest petroleum-linked sovereign wealth fund’s earnings amplify global recession fears.


from DailyFX - Feeds all https://ift.tt/2Muh8P0
via IFTTT