DailyFX - Daily Briefings

Daily Briefings
  1. EUR/USD, NZD/USD at Key Support Ahead of Next Week’s FOMC
    Next week brings another FOMC meeting, and as stock prices have surged to even-higher all-time-highs, we may be in front of another pivot in the bank's stance towards future hikes.
  2. USD/CAD to Mount Larger Advance on Slowing Canada Inflation
    A further slowdown in Canada’s headline & core rate of inflation may fuel a further advance in USD/CAD as it fuels bets for additional monetary support.
  3. Crude Oil, Gold Prices Look to European PMI Data for Direction
    Crude oil and gold prices are looking to European PMI surveys to gauge the degree of post-Brexit slowing in economic activity on both sides of the English Channel.
  4. Euro, Pound May Fall as Yen Gains on Post-Brexit PMI Data
    The Euro and British Pound may fall while the Japanese Yen gains as PMI surveys reveal the degree of post-Brexit slowdown in the UK and the Eurozone.
  5. USD/CAD Eyes Key Resistance Hurdle Ahead of Canada Retail Sales/CPI
    The rally is approaching topside resistance targets ahead of key economic data tomorrow. Here are the updated targets & invalidation levels that matter into the release.
  6. AUD/JPY- View Weakness as an Opportunity
    The post-Brexit rally remains vulnerable near-term with weakness to offer favorable long-entries. Here are the updated targets & invalidation levels that matter.
  7. China’s Market News: Fiscal Spending Soars in the First Half of 2016
    As the efficiency of monetary policy is on the decline, China moves to a more proactive fiscal policy.
  8. Shakeout in the Yen on Prospect of ’Helicopter Money’
    The Yen saw a quick reversal last night on an interview with BoJ Governor Kuroda in which he rebuked the idea of helicopter money. But when it came out that this interview was over a month old, Yen weakness came back-in as stimulus bets resumed.
  9. Preview for ECB: No Rate Cut Yet but Tweaks to QE Program Possible
    The recent downdraft in core sovereign yields (German bunds mainly) means the ECB likely needs to make a technical adjustment to its bond buying program.
  10. Gold Prices May Continue Lower as ECB Boosts Risk Appetite
    Gold prices may continue to decline having dropped to the weakest level in a month as supportive comments from the European Central Bank boost market-wide risk appetite.
  11. EUR/USD Vulnerable to Further Losses on ECB QE Adjustment
    EUR/USD may extend the decline from earlier this week should the ECB broaden the scope as well as the duration of its quantitative easing (QE) program.
  12. Euro, Yen May Fall as Pound Gains on Confidence-Boosting ECB Tone
    The Euro may decline alongside the Japanese Yen if the ECB signals it is prepared to counter post-Brexit contagion while helping to shore up Italian banks.
  13. EUR/USD Battle Lines Drawn Ahead of ECB- Levels To Know
    The decline is approaching near-term support targets ahead of tomorrow’s rate decision. Here are the updated targets & invalidation levels that matter into the release.
  14. China’s Market News: Yuan Stages Biggest Rally in Two Weeks
    It appears as if the PBOC would like the Yuan to stay below 6.70 for now.
  15. Will the Fed Feedback Loop See the Bank Take Another Hawkish Tilt?
    As U.S. stock prices have ascended to even-higher all-time-highs on the back of Central Bank dovishness, it may be an opportune time for the Fed to take on a hawkish stance towards rate hikes. Again.
  16. USDOLLAR Breakout Lacks EUR/USD Participation; Preview for ECB
    The ECB will likely use tomorrow's meeting to pave the way for more easing at the end of this year.
  17. Crude Oil Prices Rise, Gold Falls as BOE Talks Down Brexit Impact
    Crude oil prices rose while gold fell amid a broad swell in market-wide risk appetite after the Bank of England painted an upbeat picture of the post-Brexit UK economy.
  18. Stronger U.K. Job/Wage Growth to Foster GBP/USD Rebound
    A pickup in U.K. job/wage growth may spur a near-term recovery in GBP/USD as it dampens speculation for a meaningful easing package at the next BoE meeting on August 2.
  19. GBP/JPY at Brexit Levels- Elevated Risk for Declines on UK Employment
    GBPJPY has continued to straddle the Brexit close with the pair at risk for losses ahead of UK jobs data. Here are the updated targets & invalidation levels that matter.
  20. China’s Market News: Yuan Prices Pause while Real Estate Prices Soar
    The PBOC held the onshore Yuan rate below 6.70 on Tuesday. Housing prices, on the other hand, continued to rise in June.

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