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This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources...
Talking Points: Crude Oil Technical Strategy: Favoring Downside < $45/bbl Intermarket Analysis Shows US Dollar May Be Public Enemy #1 For Crude Bulls Sentimental Trading System Shows The Trend May Be Reversing The price of WTI Crude Oil (CFD: USOil) traded at its lowest levels in two months as...
Talking Points: Gold Technical Strategy: Gold prices continuing to hold post-Brexit, NFP gains while USD remains near resistance. The aggressive up-trend in Gold combined with the fundamental back-drop could make shorts unappealing in the interim...
he U.S. Federal Reserve won't increase interest rates this year, and that will continue to drive gains in risk assets, said Alain Bokobza, head of global asset allocation at Societe Generale...
TRADING RECOMMENDATIONS Despite the fact that the pound is trading at the lowest levels in the past more than 30 years, the market is still a tendency to further sales of pounds. This is due to the situation with the rate in the United Kingdom, and the risk of recession in the country...
Dear Traders, And once again, the trading on payrolls day proved to be highly risky as market participants were divided over whether the strong jobs figures are reason enough to expect a U.S. rate hike by year's end. The latest U.S...
Summary : Target Level : 0.7213 Target Period : 2 days Analysis : Rising Wedge identified at 08-Jul-20:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.721 within the next 2 days...
98.4% NZDUSD WILL FALL NEXT WEEK Old support around 0.7170 appear to be current resistance. Rounded Bottom chart pattern is clear on weekly graph. Five consecutive white weekly candles give a 97% chance that next week we may see a black one...
98.4% Silver WILL FALL NEXT WEEK After the break out of the Falling Wedge on the weekly graph silver kept moving in a strong rising trend. Last week it finished with a high tall candle which is 128% taller than ATR10...
98.4% GOLD WILL FALL NEXT WEEK Gold seem to be at an extreme overbought after last couple of weeks political events and I think it will end next week with a falling black weekly candle...
Banks have already begun to take action to shift operations out of the UK, with the governor of France's central bank warning last Saturday that Britain's financial services groups were at risk of losing their right to operate across the EU...
(Gold Setup with Fibonacci Swing Scalp Two Indicator) Pending Order for Sell Stop : 1364.33 Taking Profit : 1355.60 Stop Loss : 1376.24...
GOLD: The commodity extended its recovery the past week leaving risk higher in the days ahead. On the downside, support comes in at the 1,355.00 level where a break will turn attention to the 1,250.00 level. Further down, a cut through here will open the door for a move lower towards the 1,340...
Welcome to my "Strength and Comparison" article for the coming week, the article "Ranking, Rating and Score" has also been published. For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support...
Welcome to my "Ranking, Rating and Score" article for the coming week, the article "Strength and Comparison" has also been published. We will be looking this week at the Top 15 because otherwise the only strong currency would be the JPY and the only weak currency the GBP...
Talking Points: AUDNZD Technical Strategy: Bullish Elliottwave Count: Short term bullish for A-B-C correction AUDNZD is ticking up for bullish reversal. We are expecting reversal to be happen any time in next week to complete it's A-B-C correction...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bearish This pair ambled sideways last week, though the overall bias remains bearish. There are support lines at 1.0000, 1.0950 and 1.0900, but the support line at 1...
EURUSD: With a reversal of its previous week’s gains seen the past week, more decline is envisaged. Support lies at the 1.1000 level. Further down, support comes in at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will target the 1.0850 level...
First, a review of last week’s forecast: – as to EUR/USD, the forecast for this pair may be considered as 100% fulfilled. As a reminder, based on the readings of the graphical analysis a sideways trend within the range of 1.1035–1.1180 was indicated as the main scenario...
Talking Points -USD/JPY sentiment shows 81% bulls -US 10 year yields has been tightly correlated with USD/JPY -Use the Grid Sight Indicator and Sentiment to pin point shifts in intraday momentum This strong move lower in USD/JPY has pulled the bottom pickers out of the closet...
