• RT @JStanleyFX: just really depends on which 7 it is... Link
    DailyFX Wed 18 Sep 2019 18:31

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • $USDCAD: Loonie has carved a well-defined weekly opening-range just below downslope resistance heading into the #FOMC later today. Get your technical analysis from @MBForex here: Link https://t.co/Q62J6pIU3L
    DailyFX Wed 18 Sep 2019 17:46
    A summary of IG Client Sentiment shows traders are net-short USD/CAD - the ratio stands at -1.63 (38.0% of traders are long) – bullish readingLong positions are unchanged than yesterday and 29.5% lower from last weekShort positions are1.2% lower than yesterday and 11.9% higher from last weekWe typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CAD prices may continue to rise. Yet, traders are less net-short than yesterday but more net-short from last week and the combination of current positioning and recent changes gives us a further mixed USD/CAD trading bias from a sentiment standpoint.
  • #FOMC rate cuts have historically produced mixed returns across assets like #gold, crude oil, the S&P 500 and $USD. Get your market update from @RichDvorakFX here: Link https://t.co/3yursIKdvu
    DailyFX Wed 18 Sep 2019 17:31

    The Federal Reserve is slated to deliver its latest monetary policy update Wednesday at 18:00 GMT. Markets widely anticipate the FOMC to cut its benchmark interest rate by 0.25% as central banks around the world loosen financial conditions. Dovish action by the Fed and other central banks have primarily sought to combat signs of economic weakness and sustain the current expansion in light of staggering risks that stem largely from the US-China trade war and rising geopolitical instability.

    On that note, the July Fed meeting revealed the FOMC’s first interest rate cut in over a decade. The move came subsequent to a dramatic shift in the Federal Reserve’s language and forward guidance compared to this time last year. In fact, the median estimate for the 2019 federal funds rate (FFR) was previously listed as 3.1% according to the September 2018 economic projections provided by Fed members, while the most recent forecast provided this past June sees the FFR at...

  • Fed day is here, and at 2PM ET this afternoon the #FOMC is widely-expected to cut rates for the second time this year following nine rate hikes in the previous four years. What is it's potential impact on $USD? Find out from @JStanleyFX here: Link
    DailyFX Wed 18 Sep 2019 16:30
  • RT @nickcawley1: Live Central Bank Decisions - Webinars FOMC @ 17:45 GMT today Link Bank of England @ 10:45 GMT Thursd…
    DailyFX Wed 18 Sep 2019 15:35

    John Kicklighter is a Senior Currency Strategist and head of DailyFX in New York City and San Francisco where he specializes in combining fundamental and technical analysis with money management. Actively trading since he was a teenager, his experience ranges from spot currency, financial futures, commodities, stocks and options on all these instruments for his personal accounts. He holds a Finance and Investment degree from the Zicklin School of Business at Baruch College in New York City.

  • $GBPUSD drifts lower but short-term direction still driven by #Brexit. Get your technical analysis from @nickcawley1 here: Link https://t.co/cVVoRanP6b
    DailyFX Wed 18 Sep 2019 15:30
  • The $USD has recouped much of yesterday’s losses as eyes turn towards the #FOMC rate decision. Get your market update from @JMcQueenFX here: Link https://t.co/S4gUJLiuHO
    DailyFX Wed 18 Sep 2019 14:30

    MARKET DEVELOPMENT – US Dollar Outperforms, GBP/USD Dips, USD/CAD Muted

    DailyFX 2019 FX Trading Forecasts

    USD: The US Dollar has recouped much of yesterday’s losses as eyes turn towards the FOMC rate decision. The central bank is expected to cut interest rates to 1.75-2.00%, however, with this priced in, focus will shift towards dot plot and the accompanying commentary. Alongside this, much of the attention may well be placed on the potential response to the recent surge in repo rates, which yesterday prompted the central bank to carry out an open market operation for the first time since the GFC.

    GBP: Sterling pulled away from the 1.2500 handle following the latest inflation data, which dropped to 1.7% (Exp. 1.9%) with the ONS highlighting that the drop had been mainly driven by a decrease in computer game prices, plus clothing prices rising by less than last year...

  • Join @CVecchioFX for live #FOMOintrading question and answer session. Link
    DailyFX Wed 18 Sep 2019 13:10

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • Join @Christopher Vecchio for live #FOMOintrading question and answer session. Link
    DailyFX Wed 18 Sep 2019 13:05

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • Traders should know how to confidently approach, enter and exit both Bull or Bear markets. Need some insight into it? Get it from @nickcawley1 here: Link https://t.co/HcUUXMO1bK
    DailyFX Wed 18 Sep 2019 12:00

    Bull and bear markets are two very different animals - in more than one way. The ability to discern whether you are in a Bull market (going up) or a Bear market (going down) is fundamental for traders and investors alike. And if you can identify when the market is changing from one bias to the other, then you can put yourself in a position to benefit from a market that is moving either up and down.

    We will look at how fundamental and technical analysis can help you identify when the market is ‘nearing a turn’ and how you should look to position yourself to take advantage of this move.

  • Having a consistent trading strategy can’t be understated when it comes to the process of trading. How can having a consistent strategy avoid #FOMOintrading? Find out from @WVenketas here: Link https://t.co/2QHVgRlMc7
    DailyFX Wed 18 Sep 2019 10:55

    Having a consistent trading strategy can’t be understated when it comes to the process of trading. This is because uniformity leads to sensible trading decisions. But building an edge in the market has more to do with a consistent method you are comfortable with, as opposed to a perfect system that grabs 100% of the pips in a market movement.

    In this article the importance of consistent trading will be covered from the type of analysis and usage of tools, to trade execution and risk management.

    Consistency in trading refers to the constant/repetitive nature of an individual to a set of trading principals. This adherence allows the trader to avoid ‘over-trading’ whilst maintaining appropriate risk management. There are varying characteristics of consistent trading which include:

  • Follow @DailyFXedu for your regular #webinar updates with @DailyFX analysts and catch up on the webinars you missed. https://t.co/8duHtcYdoa
    DailyFX Wed 18 Sep 2019 10:00
  • Negative yielding government bonds – What are they telling us? Find out from @nickcawley1 here: Link https://t.co/W2e7fSt0F9
    DailyFX Wed 18 Sep 2019 09:00

    As of August 2019, there is in excess of USD 16 trillion of negative yielding government debt (bonds) trading in the market, a new record. In practical terms this means that if an investor bought any of this government debt – or essentially lent money to the government issuing the debt - and held it to until the bond matures, they would guarantee themselves a loss. So why are these bonds trading with a negative yield, why are investors continuing to buy them and what are these negative yields telling us?

    A government bond is a debt-based financial instrument sold by a government to investors. These investors will receive a regular coupon (interest) over a set period of time before the government gives you back your original investment (principal) when the life of the bond comes to an end (maturity date).

  • Global markets decoded new #podcast episode with Simon Popple of Brookville Capital, who walks us through the gold and silver markets, which have recently rallied to multi-year highs amid a resurgence of global volatility. Tune in here: Link https://t.co/2fCUhRifRW
    DailyFX Wed 18 Sep 2019 08:00

    In this episode, Simon Popple of Brookville Capital walks us through the gold and silver markets, which have recently rallied to multi-year highs amid a resurgence of global volatility. How long will the rallies last? How to pick the right mining stocks? And are we headed for a brutal recession? Simon explores all this and more with our host Martin Essex.

  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: Link https://t.co/k1NJcBrp8V
    DailyFX Wed 18 Sep 2019 07:10
  • How can you be a part time trade? Get your tips on workflow and strategy here with@WVenketas: Link https://t.co/ZtuiwoEya2
    DailyFX Wed 18 Sep 2019 05:55

    Part -time trading allows for an increase in trading efficiency, with less chance of ‘under and over-trading’. Under-trading doesn’t allow for funds to be used at the appropriate times to exploit potential trading opportunities. With full-time traders, there is often an overload of financial information to absorb. This can be daunting because of the lack of clarity. Part-time trading leaves the trader with a simplified outlook to the markets with marginal uncertainty. The time invested is minimal, resulting in more quality time for social activities.

    Practicality is crucial for a part-time trader for obvious reasons. The list below highlights some simple techniques that can be implemented to make the trading process more efficient.

  • Fear and greed are often identified as the main drivers of financial markets. Find out how you can manage them here: Link @MartinSEssex https://t.co/14iLSSn98R
    DailyFX Wed 18 Sep 2019 05:10
    Fear and greed are two drivers that influence our everyday lives These influences carry over to trading and can be detrimental Traders can remove these drivers by looking at the big picture and planning ahead
  • #FTSE: if the current upward move off the August low continues then we will have to respect a near-term bullish outlook. Get your market update from @PaulRobinsonFX here: Link https://t.co/XcLrpSKFGY
    DailyFX Wed 18 Sep 2019 04:00

    For our analysts intermediate-term fundamental and technical view on the FTSE and other major indices, check out the Q3 Global Equity Markets Forecast.

    The FTSE remains a laggard among major global indices, with it struggling behind major stock markets in Europe, Asia, and the U.S. This leaves it in a vulnerable state as is, and with price action backing this notion up it might not be long before the UK index rolls over.

    The choppy upward motion is taking on a rising wedge, or a corrective wedge in this case with the primary down since the July 30 high. The underside trend-line the FTSE is currently sitting on needs to break, first, before momentum can kick in.

    Should it do so then the next level to watch is the 200-day and September 10th low situated in the window of 7211/199. From there the next major level doesn’t arrive until the 7020 level, the low from last month.

    If price gets to...

  • Asia #FX markets will be closely watching for developments in the ongoing China-led RCEP trade negotiations against the backdrop of slower global growth and rising protectionism. Get your market update from @ZabelinDimitri here: Link https://t.co/zTNLq11agI
    DailyFX Wed 18 Sep 2019 03:40

    Learn how to use political-risk analysis in your trading strategy!

    After seven years of work, the China-led Regional Comprehensive Economic Partnership (RCEP) may be on the verge of being finalized and signed either this year or in early 2020. The 16-member agreement – composed of the ten-ASEAN countries, New Zealand, Australia, Japan, South Korea, Singapore and China – is intended to “strengthen economic linkages and to enhance trade and investment related activities”.

    “Market access negotiations have advanced substantially, bringing us closer to finalization next year. We are now at the final stage of negotiations” (Singapore Prime Minister Lee Hsien Loong)

    The regional trade agreement will not involve the US. But, given Washington’s recent turn to protectionism and deviation from pro-globalization policies, the exclusively Asia-based trade bloc could help reduce the potency of external shocks. As the largest economy in the...

  • The Norwegian Krone and crude #oil prices will be in for turbulent week ahead of an avalanche of central bank rate decisions against the backdrop of political volatility in the middle east. Get your market update from @ZabelinDimitri here: Link #OOTT https://t.co/IdHpQbAgNe
    DailyFX Wed 18 Sep 2019 02:30

    Learn how to use political-risk analysis in your trading strategy!

    The Norwegian Krona and Swedish Krona will be in for a hectic week ahead of a slew of central bank rate decisions against the backdrop of escalating political tensions in the middle east. The biggest scheduled event risk for the week is the FOMC rate decision and commentary from Fed Chairman Jerome Powell. Will the central bank be able to live up to the market’s ultra-dovish expectations or will it fall short like the ECB?

    Crude Oil Prices, Petroleum-Linked Norwegian Krone Surge After Aramco Drone Strike\

    Crude oil prices chart created using TradingView

    Overnight index swaps are currently pricing in a 98 percent chance 25-basis point cut at this week’s Fed meeting, with a 41 percent chance of a 50bp cut in October. As fundamentals continue to erode, markets have become increasingly desperate for liquidity against the backdrop of a slowing global economy that is...

  • How can traders avoid #FOMOintrading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: Link https://t.co/DRa1lwjBWp
    DailyFX Wed 18 Sep 2019 01:30
    Traders can implement a well-heeled plan taking only four hours per week The four-hour chart can be ideal for Forex Traders looking to trade around the clock We outline a full plan based around Price Action that traders can begin using today
  • Trader Tip ?: What can #FOMOintrading lead to? Find out from @JStanley. https://t.co/nRh26h4gcK
    DailyFX Wed 18 Sep 2019 00:05
  • $USDCHF: The pair remains bullish trend channel that’s been in-play over the past month, and this can keep the door open for more, especially if $USD-strength shows after tomorrow’s FOMC rate decision.Get your market update from @JStanleyFX here: Link https://t.co/dNymSvuBLc
    DailyFX Tue 17 Sep 2019 23:30
  • $AUDUSD: Aussie is rebounding off confluence support today and we’re on the lookout for a low / validation of a low in price.Get your technical analysis from @MBForex here: Link https://t.co/QaPhFVpgoj
    DailyFX Tue 17 Sep 2019 22:10
    A summary of IG Client Sentiment shows traders are net-long AUD/USD - the ratio stands at +1.11 (52.6% of traders are long) – weak bearish readingTraders have remained net-long since July 19th; price has moved 1.5% lower since thenLong positions are 5.6% higher than yesterday and 9.5% lower from last weekShort positions are2.0% higher than yesterday and 13.9% higher from last weekWe typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/USD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current positioning and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias from a sentiment standpoint.
  • The Turkish Lira (via $USDTRY ) has the most significant 5-day correlation with bitcoin prices among emerging market FX, currently at -0.94.Get your market update from @CVecchioFX here: Link https://t.co/bcAxDQp44B
    DailyFX Tue 17 Sep 2019 21:05
    Per the Emerging Markets Crisis Monitor, external debt-to-GDP ratios, implied FX volatility, and bond risk premia are some of the key factors that traders need to keep an eye on when looking for potential trade opportunities in EM FX.The Turkish Lira (via USDTRY) has the most significant 5-day correlation with bitcoin prices among emerging market FX, currently at -0.94.Meanwhile, the Argentinian Peso (via USDARS) has the most significant 20-day correlation with bitcoin prices among emerging market FX, currently at -0.76.
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