Daily Forex News

Euro Turns to February PMIs, ECB Minutes to Keep Gains Intact

Even in the face of a -14.4% drop in net-longs over the past two weeks, EUR/USD was still able to push to new highs going back to December 2014. Needless to say, it will take a great deal of negativity – a change in tone by the ECB, a substantial turn in economic data – for traders to give up on their Euro bullishness.

Crude Oil, Gold Prices Biased Upward in Thin Holiday Trade

Crude oil and gold price trends seem to point higher as worries about a sharp Fed rate hike cycle fade, though progress may be choppy amid market closures in the US and China.

Weekly Trading Forecast: All Eyes Still on the Federal Reserve

Speculation on Fed monetary policy has driven volatility across the markets since the beginning of the month. Minutes from January’s FOMC meeting promise more of the same ahead.

Global Stock Market Rebound Could Be In For a Test This Week

In the week ahead, markets will look to try and follow-through from last week, but look for more two-way trade as the rally gets tested.

Gold Prices Bounces Back on Strong CPI but Preserve January Range

Gold prices are snapping a two-week losing streak as price pressures in the US mount. Here are the updated targets & invalidation levels that matter.

Crude Oil Price Sees Weekly Gain on OPEC Persistence, Weak US Dollar

After a rough start to the beginning of February, Crude Oil remains bid and is bouncing off a handful of technical support points that could favor trend continuation.

Australian Dollar Vulnerable to Risk Trends and External Factors

The Australian Dollar appreciated this week as Wall Street recovered and volatility cooled. The currency seems vulnerable to risk trends and external factors going forward.

Yen Surges to 15-Month Highs: Japanese Inflation as a Pivotal Driver

The Japanese Yen surged through numerous levels of resistance this week, continuing a rally that’s shown since December inflation printed at 33-month highs. Will next week’s inflation continue the course?

GBP: A Self-Imposed Spell On The Sidelines

The recent insipid trade in Sterling against the EUR and, to a lesser extent, the USD leaves us neutral on the UK currency ahead of heavyweight domestic data and ongoing Brexit discussions.

US Dollar May Fall Further on Timid FOMC Meeting Minutes

The US Dollar looks vulnerable to deeper losses as a cautious tone in minutes from January’s FOMC meeting fails to arrest capital outflows seeking rate hikes elsewhere.

Weekly Technical Perspective on DXY, USD/JPY, AUD/NZD and U.S. Bonds

A broader technical picture offers perspective on price with respect to trend. Here are the updated targets & invalidation levels that matter on the weekly charts.

Gold Disconnects From Real Yields amid Rising US Downgrade Risk

Historically, real yields have been a key driver for Gold. However, this relationship has eroded in recent weeks as the US fiscal position has worsened.