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DailyFX - Daily Briefings

Daily Briefings
  1. Euro Not Impressed as Greece Secures Aid Cash, Debt Relief
    The Euro seemed unimpressed as Greece and its creditors announced a deal on bailout funding and a previously elusive agreement on future debt relief.
  2. Crude Oil Prices Aim Above $50, Gold Breaks 3-Month Support
    Crude oil prices are poised to test above the $50/barrel figure while gold has broken three-month support, hinting the long-term down trend may be resuming.
  3. GBP/JPY Rally Approaching Initial Resistance Hurdle at 162
    GBP/JPY is eyeing make-or-break resistance targets just higher after clearing the weekly opening range. Here are the updated targets & invalidation levels that matter.
  4. USDOLLAR Index Tempered as GBP/USD Gains on BOE Brexit Commentary
    'To Bremain or to Brexit, that is the question.'
  5. Gold Prices on Pace for Longest Loss Streak in 6 Months
    Gold prices are on pace for the longest streak in six months as firming Fed rate hike speculation undermines demand for anti-fiat assets and boosts the US Dollar.
  6. British Pound May Rise as BOE Officials Defend Brexit Outlook
    The British Pound may rise as Bank of England officials defend their assessment of near-term Brexit implications published in the latest quarterly Inflation Report.
  7. GBP/USD Into Support- Shorts at Risk Above 1.44
    Cable is approaching a key support confluence ahead of tomorrow’s BoE testimony before parliament. Here are the updated targets & invalidation levels that matter.
  8. Webinar: USD Crosses in Focus as Index Eyes Resistance
    Setups we’re tracking as the USDOLLAR attempts a fourth consecutive week of gains. Here are the updated targets & invalidation levels that matter.
  9. EUR/USD, USD/JPY: Which Will Break First?
    An exuberantly strong US Dollar throughout the month of May has brought to question two previously pervasive trends. We take a look at recent price action to discern when and how traders might be able to look for setups in each market.
  10. USDOLLAR Index Turns to Fed Speakers for Breakout Catalysts
    The US Dollar has gained against three of the four components of the USDOLLAR Index today. Unfortunately for risk assets, USD/JPY's lack of participation is foreboding.
  11. Crude Oil Prices May Be Topping, Gold Momentum Ebbing
    Crude oil prices may be topping near the $49/barrel figure while gold price momentum is slowing even as downward drift continues. Eurozone PMI data and Fed commentary are in focus ahead.
  12. Euro to Look Past PMI Data, US Dollar May Rise on Fed Comments
    The Euro is unlikely to find meaningful support in improving PMI readings while the US Dollar may rise on back of another round of hawkish comments from Fed officials.
  13. USD Strength Remains Predominant Theme as we Near G-7, BOC
    This weekend brings yet another meeting of finance ministers from the G-7 group of nations as the US Dollar holds on to recent gains. Will we see some type of coordinated action?
  14. 3 Things Need to Happen for US Dollar to Cement Breakout
    The USDOLLAR Index is holding just south of the trend resistance that has guided price lower since January.
  15. USD/CAD Advance at Risk on Sticky Canada Consumer Price Index (CPI)
    Stickiness in Canada’s Consumer Price Index (CPI) may derail the near-term advance in USD/CAD as it puts pressure on the BoC to normalize policy sooner rather than later.
  16. G7 Comments May Help Aussie, NZ Dollar Rebound as Yen Falls
    Commentary from a meeting of G7 officials may help power a rebound in risk appetite, boosting the Aussie and New Zealand Dollars while the Yen declines.
  17. Crude Oil and Gold Prices May Diverge on G7 Commentary
    Crude oil and gold prices may carve out divergent paths into the week-end if comments from G7 officials hint fiscal policy may be readying to help central banks boost growth.
  18. USDCAD Advance to Face Canadian CPI, Retail Sales- Key Support 1.2980
    The breakout potential discussed earlier this week has materialized with key Canadian event risk in focus. Here are the updated targets & invalidation levels that matter.
  19. USDOLLAR into Resistance- Rally at Risk Sub 11989
    The index is at structural resistance with the long-bias vulnerable heading into the close of the week. Here are the updated targets & invalidation levels that matter.
  20. Rising Fed Rate Expectations Cushion US Dollar - What About Risk?
    Market expectations for a June rate hike have jumped rapidly after the Fed's April meeting minutes yesterday.

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