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DailyFX - Daily Briefings

Daily Briefings
  1. USDOLLAR at Key Resistance - Reaction to Provoke EUR/USD, AUD/USD
    The USDOLLAR Index continues to edge higher from its mid-October lows, but hasn't yet cleared a necessary level to reengage USD longs elsewhere.
  2. EUR/USD Risks Larger Rebound on Slowing U.S. Inflation (CPI)
    Another downtick in the U.S. Consumer Price Index (CPI) may generate a larger rebound in EUR/USD as it dampens bets of seeing the Fed normalize policy sooner rather than later.
  3. Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI
    The British Pound may fall if minutes from October’s BOE meeting show the hawks unable to expand their ranks. The US Dollar may rise if inflation data tops forecasts.
  4. Dollar Untroubled by Risk Swell, Rises As Peers Weaken
    Investor sentiment – in the form of volatility readings and equity indexes – improved markedly this past session while rate forecasts for the Fed posted comparatively little progress
  5. Crude Oil Recovers Ahead Of Inventories, Gold Awaits Cues From US CPI
    The precious metals may be afforded some breathing room with an expected slide in upcoming US inflation data unlikely to bolster hawkish FOMC bets.
  6. AUD/USD Risks Bearish Break on Slowing Australia CPI- 0.8600 on Tap?
    The AUD/USD may fail to retain the wedge/triangle formation from earlier this month should Australia’s 3Q Consumer Price Index (CPI) report drag on interest rate expectations.
  7. NZDCAD Outside Reversal Day Favors Short Scalps Sub-9050
    An outside reversal candle off key resistance today shifts our focus to the short-side of NZDCAD. Here are the updated targets & invalidation levels.
  8. USD Attempts to Fight the Correction - Levels in EUR/USD, USD/JPY
    The buck is facing new headwinds after last week's FOMC minutes, but there is technical evidence that the US Dollar is fighting the correction.
  9. Aussie Dollar Edges Higher on China GDP, Yen May Rise on US Data
    The Australian Dollar edged higher after China’s third-quarter GDP data registered modestly better than expected. The Yen may rise as US news-flow fuels risk aversion.
  10. Chinese Renminbi, Global Markets Await Chinese GDP
    Though the US Dollar has opened the trading week lower, the market’s motivations are more likely a rebalancing in the face of anticipation of volatility rather than a fundamental shift in view for the currency itself.
  11. Gold Climbs As USD Dips, Copper Slumps Ahead Of Chinese Q3 GDP
    Gold and silver may continue their ascent with thin US data offering the USD bulls few fresh positive cues, while copper braces for upcoming top-tier China data.
  12. EURCAD Hits Target- Long Scalps Eye 1.4457 Resistance
    The EURCAD has taken out all our topside objectives with our long bias now at risk sub-1.4457. Here are the updated targets & invalidation levels.
  13. Be Selective in EUR Exposure, Pockets of Strength Found
    The Euro isn't all good or all bad - there are long and short opportunities shaping up equally, you just need to be selective.
  14. Yen Drops, Aussie and NZ Dollars Rise on GPIF Asset Allocation Change
    The Japanese Yen declined while the Australian and New Zealand Dollars rallied amid reports revealing the new asset allocation mix of Japan’s GPIF pension fund.
  15. Crude Oil Recovery Loses Steam, Copper Braces For Top-Tier China Data
    WTI’s rebound has seemingly lost momentum as lingering supply glut concerns offset positive US data, meanwhile copper faces further volatility on Chinese economic data.
  16. The US Dollar’s Moment of Vulnerability
    Yesterday was a bad, bad day for the US Dollar.
  17. USD/CAD to Eye Fresh Highs on Marked Slowdown in Canada CPI
    The USD/CAD may continue to press fresh monthly highs should Canada’s Consumer Price Index (CPI) drag on interest rate expectations.
  18. ECB Commentary in Focus as Markets Yearn for Expanded Stimulus
    Comments from a long line of ECB officials will be closely monitored as battered financial markets yearn for expanded stimulus measures.
  19. Dollar Hobbled, Equities Bolstered by BullardÂ’s QE Comments
    Though the capital markets aren’t collapsing, sentiment is still doused in volatility and structural concerns continue to march forward.
  20. Crude Oil Bounces As Bears Book Profits, Gold Awaits US Sentiment Data
    WTI rebounded strongly in recent trade with the door potentially still open to profit-taking, meanwhile gold awaits guidance from upcoming US consumer confidence data.

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