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DailyFX - Daily Briefings

Daily Briefings
  1. EUR/USD, GBP/USD Hover Near Breakout Levels - Patience Required
    The major European currencies could be close to a crucial turning point versus the US Dollar over the coming days. However, low volatility has restrained significant moves.
  2. Rising US Yields Push Gold Price towards April Low, $1277 Tipping Point
    Over the course of a few short weeks, the price of Gold looks particularly vulnerable as all three catalysts behind the 2014 rally have seemingly disappeared.
  3. EUR/USD Risks Dip Below 1.3770 Pivot as U.S. Durable Goods Climb 2.0%
    A further pickup in orders for U.S. Durable Goods may push the EUR/USD below the 1.3770 support as it raises the outlook for the world’s largest economy.
  4. Dollar De Facto Winner in a Reemerging Currency War?
    Value in the currency world is assessed on a relative basis.
  5. Forex: US Dollar Looking for Fed Policy Clues in Durable Goods Report
    The US Dollar may extend its recovery if March Durable Goods Orders data tops expectations, arguing for continued “tapering” of Fed QE stimulus efforts.
  6. NZD/USD Holds 0.8550 Support- Need Hawkish RBNZ for Higher High
    The NZD/USD appears to be carving a higher low as it holds above the 0.8550 region, but we will need a hawkish RBNZ policy statement to see a higher high.
  7. EUR/AUD, EUR/USD Reverse Data Slump; GBP/USD Bull Flag or Double Top
    Surprises across the board from the market moving data in the Asian and European sessions leaves several of the major currencies waking up after several days of incredibly low volatility.
  8. Forex: Aussie Dollar Sinks on Soft CPI, Euro May Fall on PMI Data
    The Australian Dollar sank as soft first-quarter CPI data eroded RBA rate hike bets. The Euro may decline if April’s PMI figures bolster the case for added ECB stimulus.
  9. Bullish AUD/USD Momentum Wanes Ahead of 1Q CPI- Lower High in Place?
    The AUD/USD faces a greater risk of carving a near-term top in April should Australia’s 1Q CPI reading fail to meet market expectations.
  10. USDOLLAR Rebound Loses Steam - GBP/USD to Lead Breakout?
    The Dow Jones FXCM Dollar Index’s rally from its April lows is being tested as the buck loses ground to its European counterparts – and a GBPUSD breakout can lead the way.
  11. Forex: Aussie Dollar Gains in Asia, US Dollar Eyeing Home Sales Data
    The Australian Dollar outperformed overnight as markets returned from the Easter holiday. The US Dollar is looking to Existing Home Sales data to drive Fed policy bets.
  12. Dollar’s Short-Term Volatility Outlook Picking Up
    A quiet start to the week was to be expected given the extended holiday weekend for much of the world. While US markets were online Monday, the absence of European liquidity took its toll on conviction.
  13. AUD/USD, EUR/USD Set for Late-April Pivots as Liquidity Returns
    Daily average trading ranges have fallen the past several sessions around the Judeo-Christian holidays spanning the past week. The return of market participation should result in bigger moves going forward.
  14. Forex: US Dollar Finds Support Amid Commodity Market Liquidation
    The US Dollar advanced to start the trading week in a move that appeared to mirror broad-based liquidationacross commodities markets.
  15. Key Risks to EUR, NZD, GBPAUD Scalp Setups
    A recap of this week’s highlighted setups and updated targets heading into next week.
  16. Forex: Market Activity Set for Pickup on Heavy Event Risk Next Week
    A busy economic calendar is likely to fuel a pickup in financial market action next week after markets emerge from the Easter holiday lull in activity.
  17. Euro Ready for a Short-term Breakout, Trend Revival When Liquidity Returns
    Activity levels for EURUSD are extraordinary. Regardless of how we measure the trading conditions behind the market’s most liquid currency pair, we are left with an assessment that reveals extremes…
  18. EUR/AUD Bottom Developing as EUR/JPY Holds 139.90-143.75 Range
    We're headed into a long holiday weekend in Europe and North America, leaving market participants needing more liquidity for sustainable trend shifts. These are the EUR-crosses we're watching into next week.
  19. Crude Oil Retreats, Gold and Silver Exposed To Ebbing Ukrainian Concerns
    The precious metals may take their next leg lower if tensions in Eastern Europe fail to bolster safe-haven demand for the commodities.
  20. USD/CAD Risks Larger Pullback on Faster Canada Headline & Core CPI
    The USD/CAD may face a larger pullback ahead of the holiday weekend as a rebound in Canada CPI limits the BoC’s scope to further embark on its easing cycle.

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