DailyFX - Daily Briefings

Daily Briefings

US Dollar Forecast Undercut by US-China Trade War, Fed Rate Outlook 25 Jun 2019, 3:35 pm

The US Dollar has been dragged lower by skyrocketing Fed rate cut odds: markets are now pricing in a 97% chance of two 25-bps rate cut in 2019 and a 75% chance of three rate cuts this year.

Crude Oil Price Gets Caught at Key Resistance: Oil Levels to Know 25 Jun 2019, 12:30 pm

Crude Oil Prices turned with a vengeance in late-April but found support in early-June. A rally last week showed around FOMC, has the trend turned again?

EURUSD Uptrend May be Accelerated by Powell Commentary, US Data 25 Jun 2019, 6:30 am

EURUSD’s break above descending resistance may be accelerated by a rise in rate cut expectations from US economic data and commentary from Fed Chairman Jerome Powell.

Crude Oil Prices Brace for Impact as Fed Chair Powell Speaks 25 Jun 2019, 5:00 am

Crude oil prices may turn lower if worried comments from Fed Chair Jerome Powell spook markets even as scope for a more dovish policy outlook is diminished.

Gold Prices Target Late-2013 High as Yield Curve Inversion Widens 24 Jun 2019, 11:00 pm

Gold prices target August 2013 highs as US recession fears rise and local bond yields tumble. The GBPUSD is aiming lower as Boris Johnson comments on Brexit ahead of the APAC session.

Gold Price Hits Another 2019 High - Setup for Long-term Rally by XAU/USD 24 Jun 2019, 8:45 pm

The gold price forecast is taking on a longer-term, bullish bias that might see significant gains over the coming months. There are a few key factors for the gold price rally.

Canadian Dollar Price Outlook: Loonie Gains Slam USD/CAD into Support 24 Jun 2019, 5:00 pm

An outside-weekly reversal in the Canadian Dollar cleared the monthly range last week. Here are the levels that matter on the USD/CAD price charts into the June close.

US Dollar Price Outlook in EUR/USD, AUD/USD 24 Jun 2019, 2:00 pm

Last week was big for the US Dollar, but with only a week left until the Q3 open – can sellers continue to push? Both EURUSD and AUDUSD are set up.

Dwindling German IFO Business Climate Survey to Rattle EURUSD Rally 24 Jun 2019, 6:30 am

Updates to Germany’s IFO Business Climate survey may rattle the recent rally in EURUSD as the index is expected to narrow for the third consecutive month in June.

Euro Nervously Eyes G20 Summit Outcome, Italy Budget Dispute 24 Jun 2019, 6:30 am

With a relatively light economic docket in the US and Europe, the Euro may find itself focusing on lingering fundamental risks and themes including the G20 summit and a budget dispute with Italy.

Gold Prices May Struggle to Extend Gains Before G20 Summit 24 Jun 2019, 5:00 am

Gold prices may struggle to extend last week’s dramatic Fed-inspired rally as markets eye a G20 summit where it is hoped that US-China trade talks will resume.

2012-High Treasury Demand Sunk S&P 500, EURUSD Broke Resistance 23 Jun 2019, 11:00 pm

The S&P 500 was denied another record high as demand for 10-year US government bonds soared to a 2012-high at auction, fueling risk aversion. EURUSD rocketed through resistance on PMI data.

US Dollar Index Weekly Price Outlook: USD Collapse Searches Support 21 Jun 2019, 5:15 pm

The US Dollar Index is poised to mark an outside-weekly reversal with price now challenging the June range low. These are the levels that matter on the DXY weekly chart.

Gold Price Weekly Outlook: Gold Rips to 5-Year Highs- Buyers Beware 21 Jun 2019, 2:00 pm

Gold prices are poised to post the largest weekly advance in three years with price probing key resistance. These are the levels that matter on the XAU/USD weekly chart.

US Dollar Sell-Off Pauses at Key Support - Can Bears Break Through? 21 Jun 2019, 12:30 pm

The US Dollar put in a big move around FOMC this week but, as yet, hasn't broken through key support. The Q3 open is now just around-the-corner.

EURUSD Eyeing US, EU PMI Data - European Turmoil in Focus 21 Jun 2019, 6:30 am

EURUSD may find itself oscillating between US and European PMI data against the backdrop of increasing turmoil in European politics.

Gold Prices Surge to 6-Year High But Gains May Be Fleeting 21 Jun 2019, 2:55 am

Gold prices surged to a six-year high amid swelling Fed interest rate cut speculation, but the move’s underlying forces may bring about its own undoing.

Franc Gains as EURCHF, USDCHF Sink. US Dollar Rising Support Held 20 Jun 2019, 11:00 pm

The Swiss Franc outperformed, EURCHF, USDCHF tumbled with US-Iran tension fears. While the Dollar extended declines, it was unable to breach rising support from September 2018.

Euro Price Outlook: EUR/USD Breakout Levels Well-Defined Post-Fed 20 Jun 2019, 5:25 pm

The post-FOMC rally has Euro eyeing multi-month trend resistance into the close of the week. Here are the levels that matter on the EUR/USD price charts.

Crude Oil Prices Bottoming May Help USDCAD Topping Potential 20 Jun 2019, 4:24 pm

Crude oil prices are extending their gains amid geopolitical tensions between the US and Iran reaching a fever pitch.

EUR/USD Pops, GBP/USD Tests Resistance as USD Slammed post-FOMC 20 Jun 2019, 1:00 pm

It's been a busy backdrop since yesterday's FOMC rate decision, with risk assets flying-higher as the US Dollar has taken a dive.

GBPUSD Eyeing BoE Rate Decision, Brexit Amid Prime Minister Race 20 Jun 2019, 6:30 am

GBPUSD will be closely watching the Bank of England’s rate decision in addition to the race for Prime Minister – third ballot vote ahead.

Gold Price Rise May Extend as BOE Joins Dovish Central Bank Peers 20 Jun 2019, 5:00 am

Gold prices touched a six-year high amid speculation on a broad-based dovish shift in global monetary policy. The Bank of England may give the move a further nudge.

AUDUSD Post-Fed Rally May Be Shot Down by RBA as Japanese Yen Sinks 19 Jun 2019, 11:30 pm

The AUDUSD post-Fed rally could be shot down by RBA Governor Philip Lowe who may underscore rate cut bets. Meanwhile, the anti-risk Japanese Yen may sink as the Nikkei 225 rallies.

Gold Price Rally Extends After June Fed Meeting - Key Levels to Watch 19 Jun 2019, 8:48 pm

Gold prices are on pace to close at their highest level of 2019 and their highest level since July 2016.