Traders, Funds, Governments – Who is Driving the Market

Talking Points: There are many individuals and groups participating in the markets, but certain assets find different concentrations Among the different types of market participant groups are traders, aggregate funds, banks, central banks and governments When we can establish a particular group has a leveraged influence; we can ascertain capital, duration and motivation Want to […]

Gold Prices Coil Up, May Break Upward on US GDP Data

Talking Points: Gold prices trace out bullish Triangle chart pattern Soft Q1 US GDP revision may trigger upside breakout Crude oil prices swoon as OPEC extends output cuts Gold prices continued to mark time as expected, with traders looking ahead to the release of revised first-quarter US GDP figures. Consensus forecasts see the annualized growth […]

US Dollar Seesaws After FOMC Minutes, June Hike Still Likely

Talking Points: FOMC statement references rate hikes and balance sheet adjustment, but lacks certainty June hike still likely with officials stating tightening appropriate ‘soon’ Almost all Fed officials favor starting to shrink balance sheet in 2017 Keep up with all the latest market events – including Fed speeches – on theDailyFX Economic Calendar The US […]

Euro Positioned to Continue Rally versus Greenback, Commodity Currencies

Fundamental Forecast for EUR/USD: Bullish – Continued rise in US political risk has increased Euro’s appeal versus US Dollar, particularly as timeline for US fiscal stimulus appears to have been pushed back significantly. – The retail crowd still isn’t buying into the EUR/USD rally – which means it may have more room to run yet. […]

EURUSD – Dips Favored Following Week of Monster Momentum

What’s inside: EURUSD blasts through important technical hurdles Finished last week above another key level, turning old resistance into new support Overbought in the short-run, but trend and momentum favor dip-buyers See what’s driving EURUSD this quarter, check out our Q2 forecast. Last week, EURUSD put in a monster performance by rising nearly 3 big-figures. […]

DAX – More Selling Ahead? Keep an Eye on These Levels

What’s inside: DAX trying to follow through on yesterday’s minor reversal 12660 area key resistance in the near-term Looking lower below 12400 lies the biggest interest from a dip-buying perspective Find out what’s driving global equity markets in our market forecasts. The other day we took a close-up look at the DAX on the hourly […]