DailyFX - Daily Briefings

Daily Briefings

Gold Price Outlook: Sell-Off Stalls, Price Remains Around Key Support 19 Apr 2019, 1:05 pm

Gold prices set a fresh 2019 low this week; but bears were unable to make much ground afterwards, even as USD-strength showed up. Is this a bear trap scenario?

Gold Prices Aiming Lower After Chart Support Break 19 Apr 2019, 5:00 am

Gold prices are aiming lower after breaking chart support to complete a bearish Head and Shoulders topping pattern. Crude oil prices are struggling below $65/bbl.

EUR/USD Downtrend Eyed as Euro Sinks Before Good Friday Holiday 18 Apr 2019, 11:00 pm

The Euro fell on soft German and Eurozone economic data, EUR/USD eyeing dominant downtrend resumption. Expect thin and illiquid trading conditions ahead of the Good Friday holiday.

Euro Weekly Price Outlook: EUR/USD Coils - Breakout Pending 18 Apr 2019, 3:30 pm

Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart.

Gold Price Forecast Bearish as Price Holds Below Triangle Support 18 Apr 2019, 2:10 pm

The recent breakdown in Gold prices may still have some way to go.

EUR/USD, GBP/USD Price: Breakdown or Bear Trap as USD Spikes-Higher 18 Apr 2019, 12:30 pm

This can be a tough time for fresh breakouts as a long-weekend nears, but both EURUSD and GBPUSD are testing key supports as the US Dollar has caught a bid.

Euro and Stocks May Fall on Gloomy Data, Italy Instability Fears 18 Apr 2019, 6:37 am

The Euro may fall with stocks while the Yen gains as economic data flow fails allay global slowdown fears and worries about political instability in Italy resurface.

Crude Oil Price May Recoil at Chart Barrier as Market Mood Sours 18 Apr 2019, 4:00 am

Crude oil prices may recoil downward after stalling at chart resistance as a defensive tone prevails across global financial markets, weighing on sentiment-geared assets.

S&P 500 Sinks with Health-Care Stocks, NZD/USD Could Reverse 17 Apr 2019, 11:00 pm

The S&P 500 closed lower as health-care stocks dragged and triggered risk aversion after key resistance held. NZD/USD may reverse as the Australian Dollar rises on a jobs report.

Oil Price Forecast: Crude Oil Crafts Lower-High After Support Bounce 17 Apr 2019, 2:02 pm

Crude Oil prices have put in a strong bounce from support to start this week. But with DOE inventories due out, will buyers be able to break a string of lower-highs?

US Dollar Technicals Weaken; USDCAD Exits Symmetrical Triangle 17 Apr 2019, 12:51 pm

The commodity currencies are showing increasing strength in recent days, in line with global equity markets continuing their surge higher.

Will Global Growth Rebound if the US-China Trade War Ends? 17 Apr 2019, 6:35 am

Ending the US-China trade war may not reverse a 16-month slowdown in global economic activity. The Yen and US Dollar may rise as market mood sours.

Gold Price Chart Points to Losses After Major Top is Formed 17 Apr 2019, 3:00 am

Gold prices appear vulnerable to deeper losses as technical positioning reveals the completion of major topping pattern.

Gold Prices May Extend Drop, AUD/USD At the Mercy of China Q1 GDP 16 Apr 2019, 11:00 pm

Gold prices may extend drop as XAU/USD breached support on a stronger US Dollar and rising government bond yields. AUD/USD and risk trends are at the mercy of Q1 China GDP data.

Crude Oil Forecast Remains Bullish as Prices Ride Momentum Higher 16 Apr 2019, 5:41 pm

Recent changes in trader positioning suggest that Crude Oil may still have further gains ahead.

Gold Price Outlook: Gold Breaks to Fresh 2019 Low - More in Store? 16 Apr 2019, 2:00 pm

Gold prices have broken-down this morning, setting a fresh 2019 low in the process. But the USD is also struggling - is this a breakout with legs, or due for a bounce?

EURUSD Bullish Momentum in Question after ECB Policy Concerns Arise 16 Apr 2019, 12:52 pm

With Brexit off the frontburner, at least temporarily, attention has shifted back to the tepid growth backdrop in Europe.

US Dollar May Rise on Growth Angst. S&P 500 Earnings to Fall? 16 Apr 2019, 6:30 am

The US Dollar may rise on haven demand amid worries about slowing global economic growth. Early results show earnings for S&P 500 companies are on pace to fall.

Crude Oil Prices May Fall Amid Fears of Slowing Global Growth 16 Apr 2019, 12:30 am

Crude oil prices may fall as a diverse array of economic releases stokes worries about a broad-based slowdown in global economic growth.

USDCAD Support Held on Negative BoC Business Outlook, AUD Eyes RBA 15 Apr 2019, 11:00 pm

The Canadian Dollar fell as BoC business outlook resulted negative, fueling interest rate cut expectations as USD/CAD support held. Ahead, AUD/USD may fall to support on RBA minutes.

Gold Prices Approach April Low, Hold at Symmetrical Triangle Support 15 Apr 2019, 9:00 pm

Recent changes in positioning suggest that, if a triangle breakout occurs, it would likely be to the downside.

Kiwi Price Outlook: New Zealand Dollar Recovery could be Short-Lived 15 Apr 2019, 6:30 pm

Kiwi rebounded off key support last week but remains at risk while below the April open. Here are the targets and invalidation levels that matter on the NZD/USD charts.

Gold Prices Inch Closer to Confirming Top, US Bank Earnings Eyed 15 Apr 2019, 6:30 am

Gold price are inching closer to confirming a large technical topping pattern and triggering trend reversal. Earnings reports from Goldman Sachs and Citigroup are due.

Goldman Sachs, Citigroup Earnings Eyed as S&P 500 Flashes Warning 15 Apr 2019, 6:30 am

Markets are focused on first-quarter earnings reports form Goldman Sachs and Citigroup as S&P 500 technical positioning warns that a top is in the making.

Aussie Price Outlook: Australian Dollar Breakout Faces First Test 12 Apr 2019, 5:00 pm

Aussie is top performer against the US Dollar this week with the price breakout now at testing resistance targets. Here are the levels that matter on the AUD/USD charts.