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Forex News

US Dollar May Keep Falling on Cooling Fed Rate Hike Bets 2017-06-01 00:00:00

Talking Points: US Dollar may drop as ADP, ISM outcomes disappoint Australian Dollar down after soft Chinese PMI statistics British Pound corrects lower after poll-driven volatility A relatively lackluster offering on the European data docket is likely to see investors focused on US news-flow. The ADP estimate of US jobs growth and the ISM survey of manufacturing – both for...

Gold Prices May Extend Gains on Soft ADP, ISM Data 2017-06-01 00:00:00

Talking Points: Gold prices rise as US Dollar, Treasury bond yields decline Soft ADP, ISM data may undermine Fed rate hike speculation Crude oil prices may stall absent shock outcome on EIA data Gold prices edged higher as the US Dollar declined alongside Treasury bond yields, boosting the appeal of non-interest-bearing and anti-fiat assets including the yellow ...

Yuan Soared to 7-Month High - What’s Next? 2017-05-31 00:00:00

Talking points: - The offshore Yuan had the largest single-day gain since January 5th; watch the key levels next. - Yuan’s overnight funding cost jumped in the offshore market, while the reference rate was slightly changed. - Looking for more trade ideas? Review DailyFX’s Trading Guides and watch DailyFX webinars. USD/CNH Broke Key Support

Cable Reversal Targets Monthly Open Ahead of NFPs, UK Elections 2017-05-31 00:00:00

Talking Points GBP/USD reversal off support in focus- approaching initial resistance targets Check out our 2Q GBPUSD projections in our Free DailyFX Trading Forecasts. Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT GBP/USD Daily

Brexit Briefing: UK Polls Give GBP Traders a Boost 2017-05-31 00:00:00

Talking Points - Sterling hit a near six-week low against the USD before bouncing back. - German Chancellor wants the UK to remain a "good partner." - See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar. GBP traders had an eventful morning session as t...

EUR/USD to Resistance, GBP/USD to Support: Drivers on the Horizon 2017-05-31 00:00:00

Talking Points: - Next week (June 8th) is going to bring pivotal drivers to the fray in both Europe and the U.K., and we will likely see markets and traders attempting to ‘position-in’ beforehand. - In Europe, the big question is whether the ECB and Draghi take on a more-hawkish tilt at next week’s meeting, while the questions in the U.K. are political in nature after a recent poll showed a waning Tory majority. Both of these events take place next Thursday, June the 8th. - If you’re looking for trading ideas, check out our Trading Guides. They’re free and updated for Q1...

Crude Oil Prices Retreat as Markets Await US Inventory Data 2017-05-31 00:00:00

Talking Points: Crude oil prices back on the defensive, API data in focus Gold prices correct lower as rally stalls following breakout Gloomy Fed Beige Book may help revive the yellow metal Crude oil prices are back on the defensive having briefly corrected higher following last week’s blood-letting. The benchmark WTI contract suffered the

Euro May Shrug Off CPI Data, US Dollar at Risk on Fed Beige Book 2017-05-31 00:00:00

Talking Points: British Pound drops after latest UK pre-election poll Euro unlikely to find follow-through in flash CPI data US Dollar may weaken on downbeat Fed Beige Book The British Pound underperformed in Asian trade. The currency fell after a

Euro, Yuan at Resistance ahead of EU-China Summit 2017-05-30 00:00:00

Talking points: - Chinese Premier Li Keqiang will visit Germany, Belgium and the EU headquarters from May 31st. - This could add momentum to the EUR/USD and USD/CNH and lead major breakouts. - Check out the IG Client Sentiment to see how retail traders place their positions. To receive reports from this analyst,sign up for Renee Mu’ distribution list. Chinese Premier Li Keqiang is on his way ...

Gold Prices May Extend Gains on Soft US Economic Data 2017-05-30 00:00:00

Talking Points: Gold prices rise as UK pre-election poll stokes uncertainty fears US news-flow may cool Fed rate hike bets, extending gold gains Crude oil prices bounce, looking ahead to key EIA and API data Gold prices rose, moving inversely of a ...