News

Fundamental Forecast for Euro: Bearish Euro Talking Points EUR/USD quickly approaches the monthly-high (1.1500) as fresh comments from Federal Reserve officials sap bets for an extended hiking-cycle, but the European Central Bank’s (ECB) account of the October meeting may undermine the recent advance in the exchange rate as the Governing Council remains in no rush
FUNDAMENTAL FORECAST FOR CNH: Neutral China’s domestic investment improved but consumption remained weak. US-China resumed high-level talks, though still pending on major disputes. PBOC may continue to guide the Yuan to curb the risk of financial instability. How to trade news? Learn with DailyFX Free Trading Guides! The Chinese Yuan reversed losses from last week
Fundamental Australian Dollar Forecast: Neutral The Australian Dollar has held up quite well this month Overall risk appetite will probably decide its fate However this week’s local economic events may be supportive Find out what retail foreign exchange traders make of the Australian Dollar’s prospects right now, in real time, at the DailyFX Sentiment Page
S&P500 daily chart The S&P500 printed an inverse head-and-shoulders pattern, which can potentially send the index up in the coming days and weeks.  S&P500 4-hour chart The S&P500 found strong support at the 2,680.00 level as the bulls reclaimed the 100-period simple moving average (SMA).  Technical indicators are in positive territories suggesting continued bullish momentum. 
“As expected, gold specs cut net length last week, re-entering short positions and liquidating longs as a hawkish Powell saw the dollar make new highs,” TD Securities said in a recently published report assessing the latest weekly CFTC report. Key quotes “But shortly after printing the $1200/oz mark, the yellow metal was rescued by safe
US President Trump says China wants to make a deal on trade. Consumer discretionary underperforms on weak data. Crude oil recovery helps energy extend rally. After starting the last day of the week modestly higher, major equity indexes in the U.S. finished the day mixed amid the varying performances of major sectors. Earlier in the
GS on the Australian and New Zealand dollars against the euro, citing China growth bottoming out  From a late-week note, the bank likes long AUD and NZD vs. EUR, citing: Despite strong domestic fundamentals, AUD has weakened in lockstep with other EM assets this year against a backdrop of China slowdown concerns  NZD has faced
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Manufacturing shipments rose 0.2% in September in Canada. According to National Bank of Canada analyst, Kyle Dahms, during the third quarter, real manufacturing shipments jumped 5.5%; combined with firms stockpiling, should be a good contribution to growth.  Key Quotes: “Canadian manufacturing shipments managed to edge in slightly above expectations in September. It is worth noting
US Dollar Pulls Back as EUR/USD, GBP/USD Sell-Offs Take Pause US Dollar Talking Points: – This week started with a bang for the US Dollar as the currency gapped-higher and continued to run to fresh yearly highs after the start of this week’s trade. The currency topped-out on Monday, and since then sellers have been
Michael Hanson, Head of Global Macro Strategy at TD Securities, points out that speaking at the Dallas Fed, Chair Powell faced a range of questions and largely reiterated his past views on the economy and policy. Key Quotes “Overall, Powell gave no explicit indication that the Fed was planning to slow the pace of rate
North Korea have tested what they refer to as a ‘newly developed untramodern tactical weapon’ That is what NK State media reports. But, no word on what it is …. (earlier headline) Korean Central News Agency: “Kim Jong Un visited the test ground of the Academy of Defence Science and supervised a newly developed ultramodern
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do