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 […]

AUD/USD Price Analysis: Pending Consolidation Break to Fuel Next Leg

The Australian Dollar has continued to trade within a 2% range (150pips) since the start of May trade with price setting a well-defined monthly opening-range just above weekly support. While the broader risk remains weighted to the downside, the immediate bias remains vulnerable near-term while above this week’s lows. Here are the levels that matter […]

EUR/USD Weekly Technical Outlook: Euro Set Up to Rally Next Week

EUR/USD Technical Highlights: EUR/USD held confluence of support on Friday As long as 12215 holds, expecting strength Major resistance arrives at 2008 trend-line, ~12450 For a longer-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The range in the euro since January has had good levels to operate off […]

What’s Next for Blockchain Technology?

Talking Points – The blockchain in 2018 and beyond..how will it impact economies? – Which Ethereum projects are worth watching this year? – What is the future for central banks, regulators, and the blockchain? DailyFX TV Presenter Sara Walker had a chance to sit down with Derin Cag, co-founder of Blockchain Age, and Brett Scott, […]

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US Dollar Next Overhead is 98.33/58

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -Focus remains towards an estimated channel top above 99.00 although I’d be aware of horizontal levels at 98.33/58 as near term roadblocks. These horizontal levels are defined by the August 2015 and March 2016 highs. There is one interesting tidbit worth mentioning regarding […]