DailyFX - Daily Briefings

Daily Briefings

S&P 500 Took Path of Least Resistance on FOMC Minutes, AUD at Risk 21 Feb 2019, 12:00 am

The US Dollar was jawboned by risk trends and the FOMC meeting minutes as the S&P 500 took the path of least resistance. AUD/USD may fall on a jobs report after a Doji candlestick.

Upbeat Australia Employment Report to Fuel AUD/USD Rate Recovery 20 Feb 2019, 9:40 pm

Updates to Australia’s Employment report may fuel the AUD/USD advance from the monthly-low (0.7054) as the economy is expected to add another 15.0K jobs in January.

Australian Dollar Price Outlook: AUD/USD Recovery Faces First Test 20 Feb 2019, 6:00 pm

Aussie has rallied five of the past seven sessions with price now eyeing a key pivot zone. Here are the targets & invalidation levels that matter on the AUD/USD charts.

US Dollar Digs into Fibonacci Support as EURUSD Range Remains 20 Feb 2019, 3:00 pm

The US Dollar pullback continues into mid-week with support showing at a key Fibonacci level, helping EURUSD continue a topside bounce in the multi-month range.

US Dollar May Rise as Skittish FOMC Minutes Sour Market Mood 20 Feb 2019, 7:30 am

The US Dollar may unexpectedly rise as a skittish tone in minutes from January’s FOMC meeting sours risk appetite and inspires safety-seeking capital flows.

Gold Prices May Rise on FOMC Minutes But Chart Setup Ominous 20 Feb 2019, 4:00 am

Gold prices may extend higher on dovish minutes from January’s FOMC meeting, but technical positioning warns that a top may be brewing ahead.

GBP Soars Before May-Juncker Brexit Meeting, Nikkei 225 May Fall 20 Feb 2019, 12:00 am

Upbeat Walmart earnings and dovish Fed commentary revived sentiment as the S&P 500 climbed, US Dollar fell. Nikkei 225 may drop after a poor trade report as AUD/USD falls on wage data.

Canadian Dollar Price Outlook: USD/CAD Fails at Monthly Range Highs 19 Feb 2019, 9:00 pm

Price continues to hold within the February opening-range after failing at the highs with the Here are the targets & invalidation levels that matter on the USD/CAD charts.

Gold Price Weekly Technical Outlook: XAU Breakout Underway 19 Feb 2019, 6:00 pm

A breakout in gold has taken prices to fresh ten-month highs and keeps the outlook weighted to the topside. Here are the levels that matter on the XAU/USD weekly chart.

EURUSD Re-Tests Range Support as USD Holds Near 2019 Highs 19 Feb 2019, 3:00 pm

EURUSD continues to grind near the longer-term support zone as the US Dollar has built-in to a short-term range near 2019 highs.

Aussie Dollar Falls on RBA Minutes, US-China Trade Talks Eyed 19 Feb 2019, 7:30 am

The Australian, Canadian and New Zealand Dollars fell as downbeat RBA meeting minutes fed global slowdown fears. US-China trade talks are now in focus.

Crude Oil Prices Hit 3-Month High, Set Sights on Trade War News 19 Feb 2019, 6:00 am

Crude oil prices broke chart resistance and hit a 3-month high but trade war news flow – from US-China negotiations to the threat of new auto tariffs – may stymie progress.

AUD/USD May Fall on RBA Minutes, USD Trims Losses on Risk Aversion 19 Feb 2019, 12:00 am

The US Dollar trimmed losses in illiquid trading conditions on what seemed to be US-EU trade war fears. AUD/USD may fall on the RBA meeting minutes after near-term resistance held.

Yen, US Dollar May Bounce as Markets Weigh Auto Tariff Threat 18 Feb 2019, 7:30 am

The Yen and US Dollar may rebound as hopes for a breakthrough in the US-China trade war give way to worries about a looming hike in auto import tariffs.

Gold Prices Soar to Challenge Range Top as US Dollar Drops 18 Feb 2019, 1:30 am

Gold prices soared to challenge three-week range resistance, buoyed by a weaker US Dollar. A break higher would put a trend-defining top in the crosshairs.

Nikkei 225 Eyes Key Resistance After Rally in S&P 500 as USD Fell 18 Feb 2019, 12:00 am

The US Dollar fell as a recovery in sentiment sapped its appeal as a haven asset. Asia stocks may rise, offering the Nikkei 225 a chance to confirm a close above critical resistance.

EURUSD Holds Lows at Key Support as USD Strength Takes a Pause 15 Feb 2019, 3:00 pm

Next week brings a Monday holiday in the United States in observance of President’s Day, and the economic calendar is relatively light.

Yen and US Dollar Aim Higher Amid Global Slowdown Worries 15 Feb 2019, 7:30 am

The Japanese Yen and US Dollar are aiming to continue higher as soft data out of the US and China stoke global slowdown worries and sour market sentiment.

Crude Oil Prices at Risk, US Consumer Confidence Data Due 15 Feb 2019, 5:00 am

Crude oil prices may turn lower as worries about slowing global growth weigh on cycle-sensitive assets but US consumer confidence data may offer a lifeline.

S&P 500 Fails to Close the Gap as Market-Wide Risk Aversion Ensues 15 Feb 2019, 12:00 am

The S&P 500 struggled closing the gap after dismal US retail sales fueled market-wide risk aversion. This left the US Dollar mixed as equities look increasingly vulnerable.

Sterling Weekly Price Outlook: GBP/USD Breakdown Facing Key Support 14 Feb 2019, 7:30 pm

A three-week decline in the British Pound has taken price back into critical support at the yearly open. Here are the levels that matter on the GBP/USD weekly chart.

EURUSD Bounces at Long-Term Support as USD Softens at Highs 14 Feb 2019, 2:00 pm

The US Dollar is pulling back from another fresh 2019 high, and as seen earlier this week, the big question is how motivated bulls might remain to be.

Euro Eyes GDP Revision, US Dollar May Rise on Retail Sales Data 14 Feb 2019, 7:30 am

The Euro is looking to revised Eurozone GDP data having shrugged off disappointing performance in Germany. The US Dollar may rise if retail sales data tops forecasts.

Gold Prices Menace Chart Support as Focus Turns to US Retail Sales 14 Feb 2019, 4:30 am

Gold prices continue to pressure chart support guiding the uptrend from November as investors eye US retail sales data. Crude oil prices’ resilience may be challenged.

US Dollar Rally Resumes as S&P 500 Looks More at Risk to Reversal 14 Feb 2019, 12:00 am

US Dollar resumed rally as CPI report reduced dovish Fed policy bets, sapping upside potential from the S&P 500 which looks more vulnerable. Asia Pacific stocks may trade lower.