DailyFX - Daily Briefings

Daily Briefings
  1. USD/CAD Outside Day Reversal Off Key Support- Long Scalps in Play
    USDCAD has responded to critical support with today’s price action shifting the near-term focus higher. Here are the updated targets & invalidation levels that matter.
  2. The Dollar Has Finally Caught a Bid, but How Long Might This Last?
    Another Central Bank makes another dovish move, but will this be enough for the recent bout of USD weakness to finally abate?
  3. Risk FX Souring Quickly Ahead of Key US Data, Fed Speakers
    The components of the USDOLLAR Index aren't moving in tandem - the disparity between risk FX and safe havens is evident.
  4. Pound May Rise on PMI Data, Fed-Speak to Inform Rate Hike Bets
    The British Pound may rise if April’s Manufacturing PMI data tops expectations. Comments from Federal Reserve officials sought to inform rate hike timeline speculation.
  5. Wait-and-See RBA to Keep AUD/USD Afloat; Will Stevens Talk-Down AUD?
    Even the RBA is expected to retain its current policy, AUD/USD may struggle to hold its ground should Governor Stevens toughen the verbal intervention on the aussie.
  6. AUD/USD Scalp Targets Ahead of RBA- Watch 7590
    The Aussie is eyeing near-term resistance head of tonight’s highly anticipated interest rate decision. Here are the updated targets & invalidation levels that matter.
  7. China’s Market News: Earnings Reports Reveal Government Purchases
    Heavy data was released to kick off the week, with PMI ratios, housing prices, and a bevy of earnings reports. Additionally, the government news agency commented on the outlook of economic policies.
  8. USDOLLAR at Critical Inflection Point Heading Into May Open, NFPs
    The greenback is approaching a key technical support zone with the immediate short-bias now at risk. Here are the updated targets & invalidation levels that matter.
  9. How to Approach EUR/USD and Gold at Fresh Highs
    While many are lamenting currency market volatility, price action has really been driven by one primary theme. The big question is whether it can continue?
  10. USDOLLAR at Support as Euro, Yen, and Gold Prices Near Major Levels
    The USDOLLAR Index has quickly found itself back to its June 2015 lows.
  11. US Dollar to Refocus on Fed Policy Bets as BOJ Impact Fades
    The US Dollar is likely to refocus on Fed policy bets as the impact from last week’s BOJ rate decision fizzles, with prices more responsive to upbeat data vs. the alternative.
  12. Gold Prices Surge But US Jobs Data Threatens Follow-Through
    Gold prices jumped to a 15-month high last week but on-coming US employment data may refocus attention on Fed rate hike chances, curbing anti-fiat demand and capping gains.
  13. EUR/USD, Gold Drive to Resistance as USD Falls Through the Floor
    There has been quite a bit of new information for markets to chew on this week, with even more to come next week. But how might traders approach USD as we drive to new lows?
  14. Yen Hits 18-Month High, US Dollar Seeks Lifeline in PCE Data
    The Japanese Yen hit an 18-month high against the US Dollar as the greenback looks for a lifeline in the Fed’s favored PCE measure of inflation.
  15. Slowing Euro-Zone GDP, CPI to Cap EUR/USD Advance
    A marked slowdown in Euro-Zone growth and inflation may cap the near-term advance in EUR/USD as it fuels speculation for additional monetary support.
  16. China’s Market News: Bond Issuance Complicated By Rising Credit Risks
    The increasing defaults of late have been shaking market confidence. Here is the impact:
  17. Yen, Nikkei Strategy after the BoJ Hold
    Japanese markets are back on the move after the BoJ held policy at last night's meeting. But does this mean we have a full-on return of risk aversion?
  18. EUR/USD to Eye Topside Targets on Disappointing 1Q U.S. GDP Report
    A dismal 1Q U.S. GDP report may open up the topside targets for EUR/USD as it undermines speculation for a Fed rate-hike in June.
  19. Euro to Look Past German Data, US Dollar May Rise on Q1 GDP
    The Euro is likely to overlook German inflation and jobs data while the US Dollar may rise as first-quarter US GDP data stokes near-term Fed rate hike bets.
  20. NZD/USD Risks Further Losses on Bets for Imminent RBNZ Rate-Cut
    NZD/USD may continue to give back the advance from earlier this year should the RBNZ keep the door open to implement additional rate-cuts over the coming months.

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