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The EUR/USD’s daily chart is showing a falling wedge breakout. The bearish-to-bullish trend change may fail if the US-China trade tensions escalate. The EUR/USD closed at 1.1416 on Friday, confirming a falling wedge breakout or bearish-to-bullish trend change. So, the path of least resistance is now on the higher side. The pair, however, could fall
Analysts at ANZ note that for the NZ economy, conditions for business investment are challenging, despite very apparent capacity constraints. Key Quotes “We expect to see softness in investment (excluding residential buildings) in the short term, given current challenges. These include profit squeeze, low confidence, reduced risk tolerance, and credit constraints. That said, we believe
CRUDE OIL & GOLD TALKING POINTS: Crude oil prices continue to edge higher after record-setting selloff Gold prices enjoy boost from US Dollar weakness, eye October high JODI energy import/export data, Fed-speak in the spotlight ahead Crude oil prices edged higher for a third consecutive day Friday, extending a tepid recovery after the largest one-day
The Kiwi’s bearish opening gap remains minor, but telling about investors’ expectations for the week. Still-rising US-China trade tensions could see risk appetite hobbled for the remainder of 2018. The NZD/USD pair is moving around the 0.6870 region in early Monday action after bearish headlines over the weekend hobbled buying sentiment to open up the
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