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CAC 40 Surges on French Election Results

Talking Points: The CAC 40 has surged to new 2017 highs on Monday, as European markets rally on the conclusion of the first round of the 2017 French presidential election. Yesterday’s election results have Emmanuel Macron and Marine Le Pen moving forward to the final election round, which is to be held on May 7th. […]

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Technical Weekly: British Pound Gets off the Ground

GBP/USD breakout USD/JPY holding 52 week average for now; watch 110.10 USD/CAD revisiting range highs; next price zone is 1.3700-1.3838 —Subscribe to Jamie Saettele’s distribution list in order to receive a free report to your inbox several times a week. —Looking for ideas and forecasts? Visit theDailyFX guides and forecasts page. Also, check out the […]

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US Dollar Index Trendline; Can it Finally Break?

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts Real Time Positioning -“DXY held trendline support at the March low and just found resistance from the median line of the 2016 channel. I don’t have a strong opinion on direction right now but the barriers are the January-March line and 2016 trendline. […]

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Euro on Edge During Holiday-Shortened Week Ahead of French Elections

Fundamental Forecast for EUR/USD: Neutral – French-German yield spreads widening back out, reflecting the market’s uncertainty over the outcome over the French election. – The retail crowd remains net-long EUR/USD, which as a contrarian indicator means losses could persist. – See how the French elections fit in with our Q2’17 EUR/USD forecast. The Euro lost […]

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Strong Start To US Earnings Season Bodes Well For Rate Rise Expectations

Talking Points – JPMorgan, Citigroup and Wells Fargo all beat EPS forecasts. – Their results were buoyed by higher interest rates. – The positive results suggest the Fed will continue to tighten monetary policy. See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for the […]

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Gold Price Surge May Falter as US, Russia Weigh Syria and Ukraine

Talking Points: Gold prices surge as interest rates decline amid risk aversion Crude oil prices rise on Saudi support for output cut extension Commodities may reverse recent move on US/Russia bargain Gold prices surged as risk aversion swept financial markets. Haven-seeking capital flows pushed up Treasury bonds and sent yields lower while the priced-in 2017 […]