GBP: Brexit and BoE Will Steer Sterling Next Week

Sterling Talking Points: Mixed data releases but Q2 growth looks weak. Brexit talk and BoE data key next week. The DailyFX Q2 GBP Forecast is available to download. Fundamental Forecast for GBP: Bullish We stay bullish on Sterling for the week ahead but caution that ongoing Brexit talks and the Bank of England monetary policy […]

EUR/USD Weekly Technical Outlook: ECB Slams Euro Back Down to Support

EUR/USD Technical Highlights: EUR/USD gets clobbered back down to support Looking for some back-and-filling as market digests ECB Overall, bias is for rallies to fail but not full-on bearish until support breaks Whether you are looking for trading forecasts for the Euro or another currency, trade ideas, or educational guides, we’ve got you covered on […]

LTC/USD Technical Outlook: Litecoin Prices Plummet towards Yearly Low

Litecoin is down nearly 60% year-to-date with prices approaching the yearly lows after breaking February trendline support earlier this week. The decline is approaching initial areas of support that could offer a reprieve. Here are the key levels that matter for LTC/USD. New to Trading? Get started with this Free Beginners Guide Litecoin Daily Price […]

Asia AM Digest: EUR & AUD Up, Can Tokyo Echo Wall Street Rise?

Current Developments – Euro, Sentiment and Australian Dollar Rises A rally in the Euro on Wednesday helped to keep the US Dollar suppressed as the markets searched for yield prospects outside of the world’s largest economy. During the first half of yesterday’s session, comments from ECB Executive Board Member Peter Praet helped push German front-end […]

Dow Builds into Range After NFP-Fueled Breakout

Talking Points: – The Dow Jones Industrial Average gapped-higher to start the week, and a range has since built-in that runs from the approximate 24,750-24,850. – The longer-term symmetrical wedge pattern remains in the Dow Jones despite the S&P 500’s topside break to fresh two-month highs. This keeps longer-term strategies at bay on the Dow, […]