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Daily FX

Daily FX
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Learn forex trading with a free practice account and trading charts from IG.
US Dollar Currency Yen
Talking Points: The U.S. Dollar continues to claw back towards a key resistance zone that runs from 94.08-94.30. Are we on the cusp of a bigger picture move of USD strength? It’s too early to say for certain, but if we do see that theme continue, AUD/USD and USD/JPY could be interesting for such scenarios. U.S....
Bitcoin
Talking Points Bitcoin continues to make new highs as Asian buyers pile in. Sharp correction may see BTC consolidate before making a fresh attempt at $6,000. Bitcoin (BTC) Makes Yet Another All-Time High Bitcoin’s relentless march higher saw the digital coin near $6,000 in heavy Asian volume with exchange turnover in excess of $4...
Great British Pound Currency
Talking Points UK manufacturing and construction data point to a more buoyant UK economy. That’s helped lift the Pound and made an interest rate increase more likely. What Does the Fourth Quarter Hold for the Pound, Equities, Oil and Other Key Markets? Find out here UK industrial production, construction output and manufacturing were all buoyant in August,...
Bank of England
Talking Points: US Dollar gains as Fed rate hike bets swell, may ignore Q2 GDP revision British Pound may rise as BOE’s Carney puts rates policy back into focus Euro might correct higher as uptick in German CPI stokes QE taper hopes The US Dollar continued to march higher in Asia Pacific trade, with the...
Asian Shares
Talking Points North Korea’s latest missile tests weighed on Asian markets at the open The rogue state launched a long-range weapon which overflew Japan, sparking heavy protest However the Nikkei and Kospi soon bounced back Asia Pacific markets showed some resilience to news of a North Korean missile launch which...
Asian Shares
Topics The global risk rally had another leg in Asia, but there are signs it is slowing The Nikkei had a solid third say of gains, but other indexes were essentially flat The US Dollar continued to gain on the Yen but was capped against the Euro No bad news was good news...
London Stock Exchange FTSE
Topics FTSE 100 has confluence of support growing, with the 200-day MA added Repeated tests of 7300 weaken with each attempt to break, a close below would be big Support is support until it isn’t, still remains a range-bound market for now Last week, when we took a look at the...
Australian Dollar Currency
Talking Points Rate decisions from the RBA on Tuesday, the BOC on Wednesday, and the ECB on Thursday should keep the fires of volatility stoked throughout the middle of the week. Incoming US ISM figures important, but less so now that the August US Nonfarm Payrolls report has already...
UK
The press conference after the latest round of Brexit talks was bitter, with no signs of compromise. That could damage the Pound short-term, but longer-term it could benefit if EU countries take over the negotiations from the European Commission. Both the EU and the UK met the press Thursday after the...
Silver
Silver turns lower from July 2016 trend-line on abating fears, USD bounce Bullish channel since July spike-low keeps price pointed higher for now Keep an eye out on similar channel in gold and how USD responds On fears flaring from North Korea firing a missile over Japan on Monday night, precious metals...
Japanese Yen
The anti-risk Japanese Yen traded broadly higher while the sentiment-linked Australian and New Zealand Dollars swooned in Asia Pacific trade. The markets started the week in a sour mood and traders’ disposition only darkened as worries about the impact of Hurricane Harvey were compounded after North Korea conducted another missile test, this time aiming squarely toward Japan. Looking...
Great British Pound Currency
A mixed batch of data with expectations exceeded but downward revisions to last month’s figures. GBP remains under pressure with little to provide support in the short-term UK retail sales data for July beat market expectations but last month’s strong figures were revised a touch lower, leaving a mixed...
Euro Dollar
Talking Points: Euro at risk if German CPI disappoints, cools ECB tightening speculation US Dollar may rise as Q2 GDP rekindles 2017 Fed interest rate hike bets Are FX markets matching DailyFX forecasts so far in Q3?  The preliminary set of July’s German CPI figures headlines the economic calendar in European hours....
US Dollar Currency
- Today at 2PM brings the July FOMC Rate Decision. But perhaps more pertinent to U.S. Dollar price action are the high-impact data prints on Thursday and Friday (GDP) of this week. - The U.S. Dollar has moved-higher from deep oversold conditions after a strong US Consumer Confidence print yesterday, but the...
Australian Dollar Currency
The Euro corrected lower in Asian trade. The move played out inversely of a rebound in front-end US Treasury bond yields, suggesting weakness reflected a correction in anti-USD flows triggered as the unwinding of the so-called “Trump trade” dealt another blow to Fed interest rate hike prospects. The Australian Dollar continued to push higher however,...
Euro Currency
The Euro has maintained its strength Tuesday as Euro-Zone GDP matches expectations and despite a below-par ZEW survey of economic sentiment in Germany. Seasonally adjusted GDP in the Euro-Zone rose by 1.7% year-on-year after +1.8% in the previous quarter, according to a flash estimate published by Eurostat, the statistical office...
Mario Draghi
The European Central Bank (ECB) is widely expected to retain the zero-interest rate policy (ZIRP) as it struggles to achieve its one and only mandate for price stability, but the Governing Council may sound more dovish this time around in an effort to ward off a ‘taper tantrum.’ Why Is...
Great British Pound Currency
The British Pound reversed its gains then recovered and hit fresh highs Tuesday after Prime Minister Theresa May unexpectedly announced a snap election to be held on June 8. Speaking in Downing Street, May said her government has delivered its mandate after the Brexit referendum, saying "there can be no...
US Dollar Japanese Yen
The Japanese Yen outperformed in Asian trade as regional shares followed Wall Street downward, boosting demand for the perennially anti-risk currency. The New Zealand Dollar proved weakest on the session as risk aversion predictably punished the highest-yielding currency in the G10 FX space. Geopolitical tensions in the aftermath of last...
Great British Pound Currency US Dollar
The British Pound corrected gently higher in Asian trade following yesterday’s losses. The currency fell as the UK government invoked Article 50 of the Treaty of Lisbon, formally launching the Brexit process. Follow-through proved limited however, as expected. Sterling spiked to a two-month low against its major counterparts but...
Gold prices continued to rise as front-end US Treasury yields declined, touching the lowest level in a month. Not surprisingly, this bolstered the relative appeal of non-interest-bearing assets including the yellow metal. This followed comments from Chicago Fed President Charles Evans. He struck a relatively reserved tone, saying the envisioned...
Federal Reserve
The sentiment-linked Australian and New Zealand Dollars traded modestly higher while the anti-risk Japanese Yen edged downward in otherwise quiet Asian trade. Regional bourses played catch-up to losses on Wall Street but benchmark US (S&P 500) and European (FTSE 100) index futures traded higher, pointing to a rebalancing of risk...
Crude oil prices remain trapped in the consolidation of 2017 that followed the dramatic rise over the majority of 2016 after falling as low as $26/bbl in February. On Monday, the fundamentals of the Oil market received a favorable surprise when Iraq noted that OPEC would most likely need to extend output cuts,...
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Gold prices rebounded from session lows put in amid the return of the “Trump trade” as the PCE gauge of US inflation – the Fed’s favored price growth measure – undershot expectations. The on-year rate registered at 1.9 percent, falling short of the 2 percent result expected by economists. US Treasury bond yields established a top...
Great British Pound Currency
The British Pound continues to edge higher ahead of the government triggering Article 50, expected by the end of March. Against the EUR and the USD, the UK currency is pushing towards levels last seen in mid-December despite warnings from the Bundesbank that the UK’s dominant financial center will come under...
Great British Pound Currency Euro
Recently released UK 4Q GDP data beats on the upside but numbers show that the UK economy may be slowing down as Brexit looms on the horizon. EURGBP fell pre-release and remains weak as short-dated German bond yields hit a record low, further widening the US/German yield spread. UK GDP...
FOMC - Janet Yellen
The US Dollar is on strong footing again this morning as lingering political risks in Europe and disappointing data out of the UK have kept the greenback in a favorable light among market participants. Both 2-year and 10-year Italian-German and French-German yield spreads continue to widen out to the Euro's detriment, highlighting...
New Zealand Dollar Currency NZD
The Euro outperformed in overnight trade, correcting broadly higher having fared the worst among the majors amid Fed-inspired volatility. The Yen remained under pressure after hitting a 10-month low yesterday as Japan’s benchmark Nikkei 225 stock index moved higher, sapping demand for the anti-risk currency. The Australian and New Zealand...
Japanese Yen
Dailyfx.com Talking Points: Yen gains, commodity Dollars retreat as yesterday’s risk-on surge retraces Sentiment boost following early end of UK PM contest might prove fleeting Downbeat BOC rhetoric may feed risk aversion, drive continued Yen gains The sentiment-linked Australian, Canadian and New Zealand Dollars corrected lower and the anti-riskJapanese Yen rebounded...
Japanese Yen
Dailyfx.com Talking Points: GBP/JPY Technical Strategy: This pair dropped by 600 pips since last Wednesday’s swing-high at 139.00. GBP/JPY has dropped to levels not seen since 2012; be careful of chasing as an elevated ATR-reading puts in scope the veracity of recent moves. If you’re looking for additional trade ideas,...

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US Dollar Currency Yen
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Euro Currency
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Euro drifts lower as German elections loom; dollar recovers despite tax risks

Euro Currency
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Silver
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