EUR/USD TECHNICAL HIGHLIGHTS: Key Support at 1.1500 Break Euro at Risk of Deeper Declines Towards 1.1350 ReliefBid Confirmed Provided Euro Closes Above 50% Fib For the intermediate-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The Euro endured a torrid time last week with the currency trading below key […]
S&P, Dow, DAX, FTSE Talking Points: — S&P 500 Price Analysis: Wary as Highs Near, Dow Struggles to Keep Up. — Dow Pulls Back From Five-Month Highs Ahead of US Inflation. — Are you looking for longer-term analysis of Equity prices? Check out our Quarterly Forecasts as part of the DailyFX Trading Guides. Risk Aversion […]
Fundamental Forecast for USOIL: Neutral Talking Points: The ONE Thing: Escalating tensions between China and the United States continue to weigh on prospects of global demand for crude at the same time supply is returning to the market… Six straight weekly losses would account for the longest losing streak in oil in three years Per […]
Net-Long Positions Climb to 87% Spot Gold: Retail trader data shows 87.0% of traders are net-long with the ratio of traders long to short at 6.71 to 1. The number of traders net-long is 3.5% higher than yesterday and 1.1% higher from last week, while the number of traders net-short is 3.6% lower than yesterday […]
— DailyFX Quarterly Forecasts have been updated for Q3, and are available directly from the following link: DailyFX Trading Guides, Q3 Forecasts. — For trading ideas, please check out our Trading Guides. And if you’re looking for something more interactive in nature, please check out our DailyFX Live webinars. — If you’d like more color […]
British Pound Talking Points The British Pound continues to depreciate against the U.S. dollar despite an upward revision in the U.K. Gross Domestic Product (GDP) report, and recent price action keeps the near-term outlook tilted to the downside as the Relative Strength Index (RSI) pushes into oversold territory. GBP/USD Remains Vulnerable as Adjusted U.K. GDP […]
EUR/USD tumbles to a fresh 2018-low (1.1432) after snapping the series of higher highs & lows from earlier this week, with the exchange rate at risk of exhibiting a more bearish behavior over the coming days as the Concerns surrounding the European banking system appears to be rattling the Euro amid the region’s exposure to […]
GBPCAD Trading Strategy: Short at 1.6820 to , target 1.6430, stop loss 1.7060 Trade Risk: NAFTA presents largest risk, alongside a relief rally in GBP. See our Q3 FX forecast to learn what will drive major currencies throughout the quarter. GBPCAD Fundamental Overview GBP The poor performance for the Pound has shown no signs of […]
AUD/NZD Talking Points: The Australian and New Zealand Dollars tend to closely follow global stock indexes AUD/NZD can thus at times net out market mood swings, acting as “risk neutral” This places the focus for AUD/NZD on RBA and RBNZ monetary policy expectations Have more questions about AUD/NZD? Join a free Q&A webinar and have […]
Euro Talking Points The recent rebound in EUR/USD unravels ahead of the updates to the U.S. Consumer Price Index (CPI), with the exchange rate at risk of making a run at the June-low (1.1508) as it snaps the series of higher highs & lows from earlier this week. EUR/USD Rebound Unravels Ahead of Updates to […]