DailyFX - Daily Briefings

Daily Briefings

US Dollar Down on Fed Bets, Euro Up on Italy Hopes and ECB View 10 Dec 2018, 7:30 am

The US Dollar fell as Fed rate hike bets fizzled. The Euro rose amid hopes for a deal on Italy’s budget and given the ECB’s limited scope to ease.

Crude Oil Prices Yawn at OPEC+ Output Cut, May Fall with Stocks 10 Dec 2018, 4:30 am

Crude oil prices seemed unimpressed by an OPEC+ deal to cut output next year. Deteriorating market-wide sentiment may now apply selling pressure.

Asia Stocks at Risk Post S&P 500 Weekly Dive, Yen Prices May Rise 10 Dec 2018, 12:00 am

The Canadian Dollar soared, risk aversion lingered as the S&P 500 capped its worst week since March. Asia stocks may fall, boosting the Japanese Yen as US Dollar faces consolidation.

USD/CAD Technical Outlook: Initial Targets for Post-NFP Reversal 7 Dec 2018, 4:30 pm

A reversal from technical resistance has accelerated on the back of today’s jobs reports. Here are the targets & invalidation levels that matter on the USD/CAD charts.

Lackluster Non-Farm Payrolls (NFP) Report to Fuel EUR/USD Rate Rebound 7 Dec 2018, 1:00 pm

Signs of limited wage growth may spark a bearish reaction in the U.S. dollar as it dampens the outlook for growth and inflation.

US Dollar May Rise as Jobs Data Revives Fed Rate Hike Bets 7 Dec 2018, 7:30 am

The US Dollar may move higher against most of its major currency counterparts as November’s jobs data suggests a data-dependent Fed need not be dovish.

Gold Prices May Fall as US Jobs Data Validates Chart Setup 7 Dec 2018, 4:30 am

Gold prices may turn lower, validating bearish technical cues as November’s US jobs report boosts Fed rate hike bets and sends the Dollar higher.

Asia Stocks to Pause Declines Ahead of US NFPs? Crude Oil Jawboned 7 Dec 2018, 12:00 am

A last minute improvement in risk appetite as the S&P 500 almost filled its gap may result in Asia stocks pausing losses. Crude oil prices jawboned by OPEC news and US weekly output.

AUD/USD Weekly Price Outlook: Aussie Reversal Targets in View 6 Dec 2018, 8:00 pm

Aussie has plummeted more than 2.2% since the start of the month after reversing off technical resistance. Here are the levels that matter on the AUD/USD weekly chart.

USD/CAD Weekly Price Outlook: US Dollar Rallies to Fresh Yearly Highs 6 Dec 2018, 5:30 pm

USD has rallied nearly 10% against the Loonie since the yearly lows with price now eyeing key resistance. Here are the levels that matter on the USD/CAD weekly chart.

Oil Prices Drop on Potential OPEC Disappointment, CAD Extends Losses - US Market Open 6 Dec 2018, 2:51 pm

WTI and Brent crude futures extend on losses as OPEC may cut output below consensus, resulting in further losses for the CAD.

US Dollar Unable to Rally Even as Risk Appetite Erodes 6 Dec 2018, 2:00 pm

US financial markets are in 'risk-off' mode, with equities dropping alongsides US Treasury yields. That the greenback can't rally is foreboding.

Yen and Franc Aim Higher as US, China Trade D├ętente Hopes Fade 6 Dec 2018, 7:30 am

The anti-risk Japanese Yen and Swiss Franc are aiming higher on fading hopes US/China trade war de-escalation after the arrest of Huawei CFO Wanzhou Meng.

Crude Oil Prices Vulnerable as Markets Eye Key OPEC Meeting 6 Dec 2018, 4:30 am

Crude oil prices appear vulnerable as financial markets eye the outcome of a pivotal meeting between OPEC and allied producers meant to unveil new output cuts.

Risk Aversion Lingers, Asia Stocks and Australian Dollar at Risk 6 Dec 2018, 12:00 am

Risk aversion engulfed financial markets as Wall Street was closed despite US China trade talk progress. CAD sunk on less hawkish BoC. Asia stocks may extend selloff as AUD weakens.

Gold Weekly Price Outlook: XAU/USD Challenges Critical Resistance 5 Dec 2018, 4:00 pm

Gold prices are testing a key resistance barrier at the October highs. Here are the levels that matter on the XAU/USD weekly chart heading into the close of the year.

USD/CAD Strength to Persist on Wait-and-See BoC 5 Dec 2018, 2:30 pm

The Bank of Canada’s (BoC) last meeting for 2018 may do little to influence USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75%.

DXY Index on the Edge Ahead of Quieter Trading Day 5 Dec 2018, 2:15 pm

With the US observing a National Day of Mourning for the late President George H.W. Bush, financial markets will be closed.

US Dollar Rebound May Gain Ground on Fed Beige Book 5 Dec 2018, 7:30 am

The US Dollar may continue to recover as the Fed’s Beige Book of regional US economic conditions helps revive robust 2019 interest rate hike speculation.

Gold Prices May Turn Lower on Upbeat Fed Beige Book 5 Dec 2018, 5:30 am

Gold prices may turn lower form chart resistance as an upbeat Fed Beige Book survey boosts Fed interest rate hike bets, sending the US Dollar upward.

Asia Stocks Brace, US China Trade War Relief Bets Crumble. Yen Up 5 Dec 2018, 12:00 am

Market optimism fell apart on conflicting US China trade news from the White House. Asia stocks may echo S&P 500 largest drop since October. Japanese Yen may extend gains as AUD falls.

EUR/USD Nears Trend-Line as US Dollar Bounces from Fibonacci Support 4 Dec 2018, 3:02 pm

The US Dollar is bouncing from a familiar Fibonacci level after a push of USD-weakness tested below a key trend-line. Can USD bears continue to push?

USD Weakens as US Yields Drop, JPY Outperforms - US Market Open 4 Dec 2018, 2:30 pm

The US Dollar is on the backfoot this morning as US yields continue to pullback. Focus is on the 2s10s curve which is 13bps away from inverting.

DXY Index Falters as Uptrend from September Low Breaks 4 Dec 2018, 1:34 pm

Now that the G20 summit is behind markets, the technicals may finally be catching up with the fundamentals for the US Dollar.

G20 Lifts 2019 Fed Hike Bets, USD Fights Back. Asia Stocks at Risk 4 Dec 2018, 12:00 am

The G20 Summit offered increased risk appetite, but that died down as the US Dollar trimmed losses as 2019 Fed rate hike bets gained. Asia stocks may struggle rising, AUD eyes RBA.