Asian Stocks Gain, Look Hopefully to US Tax Plans

Talking Points Most Asian markets ended a quiet Monday session in the green The ASX was an exception, weighed down by the energy and industrial sub-sectors, which returned some recent gains With the US out for holiday, action could be slight through the European session Asian markets were generally higher on Monday, with investors reportedly […]

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Australian Dollar Ticks Lower on Shock China FDI Miss

Talking Points: The Australian Dollar ticked lower following some weakness in Chinese investment data Foreign direct investment fell 9.2% on-year in January, much further than expected However, the Chinese commerce ministry has pinned much weakness on comparison effects The Australian Dollar slipped on Thursday, but not by much, after the release of some seriously weak […]

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USD/JPY Clears Monthly Range, Trendline Resistance Ahead of U.S. CPI

Talking Points USDJPY rebound in focus- constructive above weekly open Updated targets & invalidation levels Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) USD/JPYDaily Technical Outlook:Last week we highlighted a key support confluence in USDJPY at 111.07/45 with the short bias […]

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S&P 500: Testing Bottom-side of Familiar Trend-line

What’s inside: S&P 500 trades to record levels Minor resistance at the underside of a familiar trend-line Preferred strategy remains buying dips versus chasing momentum Looking for trading ideas? See our Trading Guides. On Thursday, we looked at short-term trading levels in the S&P 500 and kept with the theme of higher prices in line […]

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Tax and Trade Promises Won’t Carry Last Week’s Dollar, Equities Trend

Though the event risk this past week was varied, the effective fundamental motivation was once again derived from trade and competitive policies. Details of these programs are not scheduled, but evaluations by domestic and foreign sources may decide the market’s conviction. US Dollar Forecast: A Serious Dollar Rally Needs More from Trump, Yellen or Risk […]

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Silver Eyes Key Resistance- Weakness to Be Viewed as Opportunity

Talking Points Silver rally at risk near-term, broader outlook remains constructive Updated targets & invalidation levels Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) Silver Daily Technical Outlook: Silver prices are responding to a key resistance confluence at 17.74/86– this region […]