DailyFX - Daily Briefings

Daily Briefings

US Dollar Primed for Weakness - When Will it Break? USD/CAD, GBP/USD 23 Aug 2019, 5:05 pm

It's been a busy day for the US Dollar with a couple of key drivers coming out of the blue.

Gold Price Targets: XAU/USD Surges as China Raises the Stakes 23 Aug 2019, 3:30 pm

Gold prices are once again eyeing a critical resistance zone as China announces retaliatory tariffs. Here are the levels that matter on the XAU/USD charts.

Crude Oil Prices Exit Triangle to the Downside - Implications for USD/CAD 23 Aug 2019, 1:50 pm

Now that the crude oil symmetrical triangle is seeing prices break lower, pressure is building for a topside break in USDCAD.

Euro May Fall vs US Dollar on Powell Comments at Jackson Hole 23 Aug 2019, 6:30 am

The Euro may fall vs the US Dollar if Fed Chairman Jerome Powell’s comments spark risk aversion and boost demand for liquidity.

Crude Oil Prices May Fall as Fed Chair Powell Cools Rate Cut Bets 23 Aug 2019, 5:00 am

Crude oil prices may fall as Fed Chair Jerome Powell pours cold water on interest rate cut speculation in a speech at the economic symposium in Jackson Hole.

GBP Gains. Yen Rallies as US Manufacturing Shrinks Most Since 2009 22 Aug 2019, 11:30 pm

The British Pound rose on the latest Brexit news, but it still has a way to go before clearing resistance. Meanwhile, Wall Street wobbles as US manufacturing contracts for the first time since 2009.

Sterling Price Targets: Pound Reversal Tests Initial GBP/USD Hurdles 22 Aug 2019, 3:30 pm

Sterling is outperforming the Majors vs US Dollar this week with the Pound recovery now probing initial targets. These are the levels that matter on the GBP/USD charts.

Gold Prices Maintain Uptrend, Eye Continuation Effort Around Jackson Hole 22 Aug 2019, 2:30 pm

Gold prices have been trading sideways, in line with our gold price weekly trading forecast. But now that the Fed’s Jackson Hole summit is here, all that could change.

US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD, AUD/USD 22 Aug 2019, 12:30 pm

The next two days are full of drivers with a slew of Fed speakers set to offer commentary; the big question is whether price action in USD poses a break.

Euro May Fall on ECB Minutes, Jackson Hole and Eurozone PMIs 22 Aug 2019, 6:30 am

The Euro may fall against the US Dollar if ECB minutes carry ultra-dovish undertones and commentary from Jackson Hole spooks markets against the backdrop of Eurozone PMI data.

Gold Prices Hint at Topping Before Jackson Hole Symposium 22 Aug 2019, 5:00 am

Gold prices may form a top if bearish technical cues find follow-through as all eyes turn to a speech by Fed Chair Powell at the Jackson Hole symposium.

Canadian Dollar Reversal Pressure Up Despite Crude Oil Price Drop 21 Aug 2019, 11:00 pm

The Canadian Dollar faces reversal pressures again after CPI data despite a drop in crude oil prices. Ahead, the Australian and New Zealand Dollars may rally with Asia stocks.

EUR/USD, EUR/JPY Coil into Symmetrical Triangles Ahead of Eurozone PMIs, Jackson Hole 21 Aug 2019, 2:45 pm

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.

US Dollar Price Outlook: USD Primed for FOMC Minutes, Jackson Hole 21 Aug 2019, 12:30 pm

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.

US Dollar May Rise vs Euro if FOMC Minutes Cool Fed Rate Cut Bets 21 Aug 2019, 6:30 am

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.

Gold Prices Brace for Impact, Eye Bond Yields as FOMC Minutes Loom 21 Aug 2019, 5:00 am

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.

US Dollar Technical Outlook Versus PHP, SGD, MYR and INR Bearish? 21 Aug 2019, 3:30 am

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.

Euro Faces Mixed Signals Post Italy PM Resignation, Yen May Gain 20 Aug 2019, 11:00 pm

The Euro and bond yields brushed off Italian Prime Minister Giuseppe Conte resigning, with EUR/USD facing mixed technical and sentiment signals. The anti-risk Yen may gain ahead.

S&P 500 Price Targets: SPX Consolidation Levels – Technical Trade Outlook 20 Aug 2019, 8:00 pm

The S&P 500 remains within a broad consolidation level just below a key pivot zone we’ve been tracking for weeks. These are the levels that matter on the SPX500 charts.

Oil Price Outlook: WTI Crude Oil Re-Tests Trendline Resistance 20 Aug 2019, 12:37 pm

Oil prices have spent the past two weeks recovering from a support test at a bit zone. But, with trendline resistance now in play, can sellers take control?

Euro Braces for Italian Political Volatility: Snap Election Ahead? 20 Aug 2019, 6:30 am

Euro traders may get jittery if Prime Minister Guiseppe Conte’s address to the Italian Senate revives fears of political uncertainty and the prospect of a snap election.

Crude Oil Prices Eye Chart Barrier as Markets Weigh Fed, ECB Policy 20 Aug 2019, 5:30 am

Crude oil prices have run into four-month chart resistance as markets await cues from July’s FOMC and ECB meeting minutes as well as the Jackson Hole symposium.

US Dollar and Bond Yields Climb. Gold Prices at Risk to Long Bets 19 Aug 2019, 11:00 pm

The US Dollar rose, climbing alongside bond yields as risk appetite picked up pace. Anti-fiat gold prices underperformed, eyeing near-term support amid rising net-long bets.

Canadian Dollar Price Targets: USD/CAD Bulls Eye Key Resistance Pivot 19 Aug 2019, 7:00 pm

The US Dollar is targeting resistance near two-month highs vs Loonie with the long-bias vulnerable near-term. These are the levels that matter on the USD/CAD charts.

US Dollar Price Outlook: EUR/USD, GBP/USD, AUD/USD, USD/CAD 19 Aug 2019, 1:30 pm

It's going to be a big week for the US Dollar and likely US equities as the Jackson Hole Economic Symposium kicks off on Wednesday.