EUR/USD Highlights: EUR/USD has support at its feet via trend-lines/slopes Up above is formidable resistance, but has room to get there Giving support and trend the benefit of the doubt near-term To view the longer-term technical and fundamental outlook for the Euro, or to see our top trade ideas for 2018, check out the DailyFX […]
Talking Points: Asian stocks put in a mixed session. The Nikkei and ASX managed gains However, South Korean indexes were lower again, as were Chinese stocks as US futures turned down The US Dollar steadied against its major traded rivals New to financial market trading? The DailyFX Free Guide is all yours Asian equities were […]
Central banks will command financial markets’ attention in the week ahead, with speeches from top officials including Fed Chair Yellen and a wealth of policy-defining data due. US Dollar Forecast: US Dollar Aims to Extend Advance But Politics Threaten Progress The US Dollar may return to the offensive as a marquee speech from Fed Chair […]
Key Highlights: JPY weakness keeps USD/JPY near 113, advances held back due to October 22 election AUD fell by 0.5% after the RBA emphasized displeasure with a higher exchange rate EUR holds technical support ahead of ECB minutes release on Thursday IGCS Highlight: Rise in GBP/JPY short positions favor resumption of SW uptrend Strong Weak […]
Talking Points: A late session US push in risk appetite lifted the S&P 500 to a fresh record and drove VIX back below 10 News that OPEC had considered another 1.0-1.5% production cut was ignored by oil while AUD dropped on uneven news NFPs is top event risk for the week’s final session – especially […]
Financial markets’ cheery mood after the first round of France’s presidential election will be tested as Fed decision-makers issue a verdict on the world’s largest economy. US Dollar Forecast:US Dollar at Risk as Fed Decision-Makers Reconvene The road ahead may prove challenging for the US Dollar after it enjoyed its best week yet in 2017 […]
Talking Points: Asian stock markets posted gains, in most cases staging a comeback from early falls The MSCI Asia/Pacific index hit 17-month highs However, the Nikkei was a notable laggard Most Asian stock markets recovered smartly from early losses to trade higher in a Thursday session, which saw gold and crude oil prices climb too. […]
Talking Points: Asian shares held up in a session thinned by the Chinese New Year break The US Dollar perked up, reportedly on hopes for US corporate outperformance Heavyweight US data will dominate the rest of the global session Asian shares were mostly in the green on Friday, with the sight of the Dow Jones […]
Talking Points Chinese consumer prices rose, but by less than the markets had expected Producer prices, meanwhile, are forging ahead Either way, it looks as though deflation is no longer much of a worry The Australian Dollar rose a little on Tuesday after the release of a mixed official inflation picture out of China. Consumer […]
Financial markets spent most of last week unwinding “Trump trade” bets but December’s US jobs data seemed to rekindle the late-2016 narrative. Will it continue in the week ahead? US Dollar Forecast: US Dollar May Turn Defensive Anew on Cautious Fed Comments The US Dollar found a lifeline in upbeat wage growth data having been […]