2624/33 this week- watch the close. SPX500 Daily Price Chart Technical Outlook: A look at daily price action shows the index rebounding today at the 2018 low-day close at 2617. This level is backed closely by the confluence of the 61.8% extension and the 200-day moving average around 2586/90- a break below this threshold could […]
To receive James Stanley’s Analysis directly via email, please sign up here. FOMC Hikes Rates for First Adjustment of 2018 – More on the Way This was a big week across global markets. We got the Federal Reserve’s first rate hike of the year, we saw a hawkish type of outlay at the Bank of […]
For longer-term technical and fundamental analysis, and to view DailyFX analysts’ top trading ideas for 2018, check out the DailyFX Trading Guides page. The US Dollar (via DXY Index) has undergone another bout of volatility thanks to the announcement of the Trump trade tariff against China. With the $50 billion tariff announcement yesterday, coupled with […]
Learn what retail traders’ gold buy and sell decisions say about the price trend! GOLD TECHNICAL ANALYSIS Gold prices are attempting to breach resistance marked by the 23.6% Fibonacci expansion at 1333.51. Confirmation on a daily closing basis exposes the
If you’re looking for short-term indicators around the US Dollar, check out our IG Client Sentiment Indicator. Rate Hike Sell-Off in the US Dollar Finds Support at March Lows Yesterday’s FOMC rate decision was fairly interesting as the bank hiked rates while warning that more tightening was on the way; and yet the US Dollar […]
Looking for longer-term forecasts on the US Dollar and the British Pound? Check out the DailyFX Trading Guides. US Dollar Finds No Relief in Powell’s First Press Conference The US Dollar (via the DXY Index) fell to its lowest level since February 20 after the first FOMC meeting helmed by Fed Chair Jerome Powell. The […]
See our free guide to learn what are the long-term forces driving crude oil prices! GOLD TECHNICAL ANALYSIS Gold prices pushed above near-term trend line resistance to test the 23.6% Fibonacci expansion at 1333.51. Breaking above that on a daily closing basis exposes the 38.2% level at 1352.40. Alternatively, a move back below the trend […]
— Written by Ilya Spivak, Currency Strategist for DailyFX.com To contact Ilya, use the comments section below or @IlyaSpivak on Twitter To receive Ilya’s analysis directly via email, please SIGN UP HERE DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Please enable JavaScript to view the comments […]
Technical Outlook: USD/CAD turned from a key resistance confluence this week at 1.3103/32- a region where the 100% extension of the September advance and the 61.8% retracement of the 2017 decline converges on the upper median-line parallel of the ascending pitchfork formation. Note that daily RSI marked clear divergence into this high with a support […]
Period Data Released Estimate Actual Pips Change (1 Hour post event ) Pips Change (End of Day post event) JAN 2018 01/31/2018 19:00:00 GMT 1.25% to 1.50% 1.25% to 1.50% -2 -6 January 2018 Federal Open Market Committee (FOMC) Interest Rate Decision EUR/USD 10-Minute Chart The Federal Open Market Committee (FOMC) stuck to the same […]