• $USDJPY has pierced chart support, signaling Yen gains ahead. If that portends a broader anti-risk shift in market sentiment, a breakdown in Japanese stocks may follow. Get your market update from @IlyaSpivak here: Link https://t.co/ajGRIfZwgV
    DailyFX Fri 15 Nov 2019 19:31

    Where will markets end 2019? See our Q4 forecasts for currencies, commodities and stock indexes!

    Japan’s benchmark Nikkei 225 stock index rose alongside the hawkish turn in priced-in 2020 Fed policy expectations. The USD/JPY exchange rate advanced in lockstep, reflecting a parallel drop in the anti-risk Yen. The move appears to reflect hopes for de-escalation of the US-China trade war and easing worries about a no-deal Brexit. The US central bank concurred at its October policy meeting.

    Chart created with TradingView

    A red flag has now been raised by an eye-catching USD/JPY chart support break. Prices closed below a rising trend line establishing the upswing from August lows, which doubled as the lower bound of a bearish Rising Wedge pattern. It seems especially telling that this followed on the heels of a test at 13-month resistance. Negative RSI divergence added still more credence to the downside argument.

    Daily USD/JPY chart created with...

  • Having rejected trendline resistance and falling short of testing the 200DMA, $AUDUSD saw notable pullback. Get your AUD/USD market update from @JMcQueenFX here: Link https://t.co/wWNtPNCHx0
    DailyFX Fri 15 Nov 2019 18:31

    Having rejected trendline resistance and falling short of testing the 200DMA, AUD/USD saw notable pullback from its recent highs, break below both the 100 and 50DMA. Consequently, momentum indicators are tilted to the downside as the bearish DMI remains elevated, although this has eased slightly, which in turn suggests that further selling may begin to slowdown. As such, we look towards 0.6750 as an area of support for AUD/USD with larger bids likely to stem from the psychological 0.6700 handle. Given that there is little on the Australian economic schedule, external factors pertaining to the US-China phase 1 agreement will likely dictate price action in the pair. On the topside, resistance is situated at 0.6815 (50DMA) and 0.6840 (100DMA)

    AUD/USD Price Chart: Daily Time Frame (Nov 2018 – Nov 2019)

    Last week, we highlighted that risk-reward favoured a pullback in AUD/NZD given that the upside in the cross appeared to be exhausted. Following the RBNZ’s surprise...

  • #Gold prices continue to trade within the descending channel from the September 4 and November 1 highs. Get your $XAUUSD market update from @CVecchioFX here: Link $GLD https://t.co/oLqswZB5Sd
    DailyFX Fri 15 Nov 2019 17:31
    Gold prices continue to trade within the descending channel from the September 4 and November 1 highs.Precious metals tend to underperform during periods of lower volatility as decreased uncertainty reduces the safe haven appeal of gold and silver. Gold volatility is now at its lowest level since mid-June.However, changes in retail trader positioningsuggest that gold prices may not fall much further in the near-term.
  • The $USD edged lower immediately following October US retail sales data which crossed the wires at 0.3% compared to estimates looking for 0.2%. Get your market update from @RichDvorakFX here: Link https://t.co/06RIJUqFCG
    DailyFX Fri 15 Nov 2019 17:31
    The US Dollar edged lower immediately following October US retail sales data which crossed the wires at 0.3% compared to estimates looking for 0.2%Core retail sales excluding gas and auto purchases disappointed with a reading of 0.1% compared to the market consensus of 0.3%, which pushed USD price action lowerThe US retail sales report had a muted reaction overall, however, as forex traders have their attention fixated on US-China trade talks
  • The daily $EURGBP chart shows the pair now just below recent support around the 0.8570 area with little support seen until the May 5 print at 0.84907. Get your EUR/GBP market update from @nickcawley1 here: Link https://t.co/1v9u4ZNGN3
    DailyFX Fri 15 Nov 2019 16:16

    Brand New Q4 2019 GBP and EUR Forecast and Top Trading Opportunities

    EUR/GBP’s slow grind lower continues, and this week the pair made a fresh multi-month low after bouncing off short-term support. The British Pound remains firm with expectations continuing to build that Boris Johnson will not only win the upcoming election on December 12 but will also gain a majority in Parliament, making it easier for him to push through his Brexit plans. The Euro on the other hand continues to drift lower against a backdrop of muted inflation and growth prospects. ECB President Christine Lagarde has already said that fiscal policy throughout the zone needs to be implemented alongside the central bank’s accommodative monetary policy and it remains to be seen how much push back this receives, especially from Germany.

    The daily EUR/GBP chart shows the pair now just below recent support around the 0.8570 area with little support seen until the May 5 print at 0.84907, a low that...

  • $GBP: General election risk premium on the rise with the 1-month at-the-money option implied volatility rising to circa 12vols. Get your GBP/USD market update from @JMcQueenFX here: Link https://t.co/NwTuKRG06J
    DailyFX Fri 15 Nov 2019 15:31

    MARKET DEVELOPMENT – GBP/USD Options Pricing General Election Risks

    DailyFX 2019 FX Trading Forecasts

    GBP: General election risk premium on the rise with the 1-month at-the-money option implied volatility rising to circa 12vols. As it stands, poll trackers conitnue to show the Conservative party with a healthy lead over its rivals with bookmakers placing a Conservative majority outcome as the most likely scenario, particularly after Nigel Farage’s recent U-Turn. That said, voting intentions highlight that the Labour party is gaining ground.

    Poll Tracker Shows Conservatives with Commanding Lead

    JPY / CHF: Safe-haven currencies are on the defensive as equity markets continue to eke out marginal gains after White House Economic Advisor Kudlow noted that the US and China were nearing a deal. However, this is in contrast with reports from the South China Morning Post, which stated that Trump’s calls for...

  • In the upcoming episode on Trading Global Markets Decoded #podcast, DailyFX Chief Strategist @JohnKicklighter and Senior Strategist, @CVecchioFX are up for a discussion on your choice of topic. Vote for your choice of topic below?
    DailyFX Fri 15 Nov 2019 14:25
  • https://t.co/PGfuQ85fyR
    DailyFX Fri 15 Nov 2019 14:25
  • The $USD enjoyed support from haven demand through most of 2019. Investors may now be attracted by its yield advantage as global market mood improves. Get your market update from @IlyaSpivak here: Link https://t.co/WlgM16VBwm
    DailyFX Fri 15 Nov 2019 13:05

    Where will markets end 2019? See our Q4 forecasts for currencies, commodities and stock indexes!

    The US Dollar has marched conspicuously higher despite a dramatically dovish shift in Fed monetary policy in 2019. The start of a downturn in global economic growth drove the Greenback upward even as it inspired expectations of a rate cut cycle.

    The leading global reserve currency offers unrivaled liquidity, which means it isrelatively less volatile when large capital flows move in and out. That makes it understandably attractive as investors try to avoid erratic price moves while cashing out of riskier assets amid a downturn.

    Chart created with TradingView

    As the year winds down, a sense of optimism has emerged. The 2020 policy outlook implied in Fed Funds futures has tellingly turned away from dovish extremes observed toward the end of the third quarter, with traders now questioning whether even one more rate cut is in the cards.

    Fed Chair Jerome...

  • Macro data from around the world have long attested to the urgent need for a trade settlement between the US and China. Increasingly the corporate numbers are saying the same. Get your market update from @DavidCottleFX here: Link https://t.co/8iT042HFGm
    DailyFX Fri 15 Nov 2019 12:30

    Find out what retail foreign exchange investors make of your favorite currency’s chances right now at the DailyFX Sentiment Page

    The latest US earnings season has shown clearly that trade tensions with China are no longer a theoretical threat to growth, but a serious drag already in place.

    Heavy plant maker Caterpillar has long been regarded as a bellwether for the state of trade between the two national titans.

    It reported on Wednesday a major slide in Asian sales, driven by weaker demand from China. And it was only the latest big company to sing from this sad hymnal. Ford managed an enticing earnings beat, but warned investors not to get too excited. Falling demand from China was going to hurt for the remainder of the year, it said.

    To some extent the corporate sector is merely catching up with what official macro numbers have been telling us for a while. China’s economic growth was right on the psychologically crucial 6%-annualized level for the...

  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: Link https://t.co/N6BzT0OmDt
    DailyFX Fri 15 Nov 2019 11:30
  • The $JPY continues to crumble against a broadly supported US Dollar. $USDJPY may consolidate shortly but there’s little sign of a durable reversal. Get your market update from @DavidCottleFX here: Link https://t.co/HeWfB4TPuq
    DailyFX Fri 15 Nov 2019 10:30

    Join our analysts for live, interactive coverage of all major Japanese economic data at the DailyFX Webinars. We’d love to have you along.

    The Japanese Yen has come under renewed pressure against a generally resurgent US Dollar which shows little obvious sign of abating anytime soon.

    Fundamentally the Dollar’s strength is rooted in the Federal Reserve’s apparent disinclination to underwrite multiple interest rate cuts given the relative strength of the US economy, and in haven demand as the US-China trade story twists on.

    USD/JPY has powered up to highs not seen since late May, with the exception of one intraday high on August 2.

    The pair is now within an uptrend channel in place since October 7 and which is itself only a better respected section of a longer channel up from the lows of August 25. Within that channel the Dollar has managed to break above its previously dominant downtrend line and consolidate that break with a bounce at the line on October...

  • How should you trade around event risks and what steps can you take to improve your trading psychology? Find out from @JoelKruger, a trading consultant and mentor. Only on Global Markets Decoded. Tune in here! Link https://t.co/xpV5Pjkgpr
    DailyFX Fri 15 Nov 2019 09:20
  • #Palladium prices may keep falling after the largest two-day drop in three months pierced chart support. Soft autos turnover in China and rising US rates may be to blame. Get your market update from @IlyaSpivak here: Link https://t.co/hrOmLWuHx5
    DailyFX Fri 15 Nov 2019 08:05
  • Trade deal bets kept the Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit afloat despite $USD strength. This is the key fundamental driver for #ASEAN FX.Get your market update from @ddubrovskyFX here: Link https://t.co/oAF2XxyNak
    DailyFX Fri 15 Nov 2019 07:15

    Trade all the major global economic data live and interactive at the DailyFX Webinars. We’d love to have you along.

    The US Dollar experienced one of its best weeks against its major counterparts in about 5 months, but that same explosive strength failed to flow into most ASEAN currencies and emerging market ones too. Gains in the Greenback could be attributed to rising US bond yields and fading 2020 Federal Reserve easing expectations. Rising bets of a US-China trade deal helped contribute to this for most of the past 5 days.

    As anticipated, this is what kept currencies such as the Malaysian Ringgit and Indonesian Rupiah afloat as they gained alongside the MSCI Emerging Markets Index. The former performed particularly well as capital flows continued pouring into Malaysia. However, the Indian Rupee weakened as net foreign equity investment declined 50.6 percent relative to the prior week as Moody’s cut India’s rating outlook to negative.

    For timely updates on...

  • The $USDINR rate could rise as the Nifty 50 sinks after Indian Industrial Production shrank by the most since 2011, fueling RBI rate cut bets amid the ongoing US-China trade war. Get your market update from @ddubrovskyFX here: Link https://t.co/AqdtzJN0w1
    DailyFX Fri 15 Nov 2019 06:30
    Rupee at risk after Indian industrial production shrank by most since 2011 USD/INR may resume former uptrend after break above triangle formationNifty 50 looking increasingly at risk to a top after a bearish reversal hint
  • Why should you set trading goals? How can it help regardless of what your #tradingstyle is? Find out: Link https://t.co/MS0SW4Fozm
    DailyFX Fri 15 Nov 2019 05:00

    Setting trading goals can be a useful endeavor to help you navigate the markets, but some goals are more useful to set than others. In this piece, we’ll look at the right and wrong type of forex trading goals to aim for, why the right goals make sense in context with your trading plan, and how to track the progress of your goals.

    Watch the video above for our analyst Paul Robinson’s account on best practice for goal setting. He discusses why making money may not be the be all-end all, the danger of meaningless goals in a cyclical market, and how to use goals to refine discipline and consistency.

    It is important to set trading goals for two main reasons – to help you stick to your trading plan and to allow you to trade more consistently. For those new to trading, this will mean setting a process-orientated goal rather than one focused on outcomes. For example, goals based on following strict risk management and sound technical analysis, and even a daily routine...

  • The$USD is attempting a recovery against the Philippine Peso and Malaysian Ringgit. Well-defined resistance levels are still keeping the USD/PHP and USD/MYR downtrend intact.Get your market update from @ddubrovskyFX here: Link https://t.co/E2SzeJu1W6
    DailyFX Fri 15 Nov 2019 04:30

    Trade all the major global economic data live as it populates in the economic calendar and follow live coverage for key events listed in the DailyFX Webinars. We’d love to have you along.

    The US Dollar has cautiously edged higher against the Philippine Peso, but more progress is needed to set the stage for an upside reversal. Keeping the USD/PHP downtrend intact is a falling trend line from late September – pink line on the chart below. Conveniently, prices have stalled on this psychological barrier as well as the late July lows. The latter is a range between 50.79 to 50.87.

    A daily close above these opens the door to revisiting late-October peaks which range between 51.29 to 51.34. From a medium-term perspective, heading in this direction falls in line with the descending channel from 2018 after prices bounced on the floor of the chart pattern. Otherwise, resuming the downtrend could be back in play after a daily close under 50.40 heading towards 49.98.

    For...

  • #Stocks in Hong Kong have struggled to capitalize on hopes for a US-China trade deal amid violent clashes between protesters and police, but the trend still points upward. Get your market update from @IlyaSpivak here: Link https://t.co/oJfs90rAf4
    DailyFX Fri 15 Nov 2019 03:55
    US-China trade deal hopes lift Asia Pacific stocks, cool Fed rate cut betsHong Kong market lags amid growing violence as protesters, police clashTechnical positioning warns the Hang Seng Index uptrend remains intact
  • Why do you require consistency in trading and why does it matter? Find out: Link #tradingstyle https://t.co/j9tsR23fLd
    DailyFX Fri 15 Nov 2019 02:25

    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:

  • The$USD is attempting a recovery against the Philippine Peso and Malaysian Ringgit. Well-defined resistance levels are still keeping the USD/PHP and USD/MYR downtrend intact.Get your market update from @ddubrovskyFX here: Link https://t.co/U8xm3duUJM
    DailyFX Fri 15 Nov 2019 01:30

    Trade all the major global economic data live as it populates in the economic calendar and follow live coverage for key events listed in the DailyFX Webinars. We’d love to have you along.

    The US Dollar has cautiously edged higher against the Philippine Peso, but more progress is needed to set the stage for an upside reversal. Keeping the USD/PHP downtrend intact is a falling trend line from late September – pink line on the chart below. Conveniently, prices have stalled on this psychological barrier as well as the late July lows. The latter is a range between 50.79 to 50.87.

    A daily close above these opens the door to revisiting late-October peaks which range between 51.29 to 51.34. From a medium-term perspective, heading in this direction falls in line with the descending channel from 2018 after prices bounced on the floor of the chart pattern. Otherwise, resuming the downtrend could be back in play after a daily close under 50.40 heading towards 49.98.

    For...

  • $EURGBP broke through a congestive range it has been stuck in since around mid-October. What are the implications for the pair’s downside breakout and where is it heading? Get your market update from @ZabelinDimitri here: Link https://t.co/v2otlDrlVz
    DailyFX Fri 15 Nov 2019 00:30

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

    After trading between 0.8597-0.8642 since mid-October, EUR/GBP appears to have finally committed to a directional preference after the pair had a downside breakout that was met with follow-through. Looking ahead, traders will be eyeing support at 0.8491. In the meantime, an accelerated selloff may ensue now that a major digestive zone appears to have been finally broken.

    EUR/GBP – Daily Chart

    EUR/GBP chart created using TradingView

    Having said that, positive RSI divergence is signaling that downside momentum is fading despite EUR/GBP’s decline. Seeing how this manifests will be crucial to watch because of the implications it has for the pair’s trajectory. Now, if the pair hits 0.8491 and rebounds, EUR/GBP may find itself stuck between that level and the lower bound of the prior congestive zone it just breached.

    Conversely, if the pair’s descent continues and ends up puncturing...

  • The $AUDUSD and $EURUSD downtrend may prolong as traders counterintuitively buy into their descent. Meanwhile, the USD/CAD uptrend may accelerate on rising net-short bets. Get your market update from @ddubrovskyFX here: Link https://t.co/d8UWQL6cH1
    DailyFX Thu 14 Nov 2019 23:30
    Learn how to use IG Client Sentiment as a another element in your strategyTrader positioning hints AUD/USD and EUR/USD downtrend may prolongMeanwhile, rising net short bets may keep fueling the uptrend in USD/CAD
  • $USDCAD recaptured the 2012 trend-line last week, and since then it has continued to trade higher, but the rally may get stopped in its tracks soon. Get your USD/CAD technical analysis from @PaulRobinsonFX here: Link https://t.co/caBKUs6i6f
    DailyFX Thu 14 Nov 2019 22:30

    USD/CAD recaptured the 2012 trend-line last week, and since then it has continued to trade higher, but the rally may get stopped in its tracks soon. There is confluent resistance via the June trend-line and 200-day MA. Also, given the way the pair has traded with a lack of conviction, the currently ‘extended’ move into resistance in this environment might not take much to reverse. The outlook is turning increasingly bearish as it currently stands, watch how things play out around 13275.

    USD/CAD Chart by TradingView

    AUD/USD dinged lower off the December trend-line/200-day combo to start the month, now it is working on holding below 68009. If price maintains through support on a daily basis the breakdown will have in focus the 6700/6670 area met several times from August to October. The 6800-area in a bearish scenario will go from support to resistance.

    AUD/USD Chart by TradingView

    Trading Forecasts and Educational Guides for traders of all experience...

  • Crude #oil prices remain trapped in the sideways consolidation that has defined price action since October 31. Get your market update from @CVecchioFX on crude oil here: Link #OOTT https://t.co/hzbfxcH6eN
    DailyFX Thu 14 Nov 2019 21:30

    Looking for longer-term forecasts on crude oil prices or the Canadian Dollar? Check out the DailyFX Trading Guides.

    Crude oil prices have faced a minor setback on Thursday after data from the US Energy Information Administration showed an unexpected increase in energy supplies. In turn, oil-sensitive currencies like the Canadian Dollar are continuing to trade weaker on the session.

    The latest data from the US EIA shows that oil inventories have now increased for the seventh time in eight weeks, resulting in a build-up of more than 40 million barrels to US energy inventories since early-September. According to a Bloomberg News survey, traders were looking for inventories to have increased by 1.6 million barrels through the week through November 8; instead, 2.2 million barrels were added.

    Crude oil prices continue to walk a tightrope, balancing concerns about supply and demand. On the demand side, traders are more optimistic that a resolution to the US-China...

S&P500
VIX
Eurostoxx50
FTSE100
Nikkei 225
TNX (UST10y)
EURUSD
GBPUSD
USDJPY
BTCUSD
Gold spot
Brent
Copper
Last update . Delayed by 15 mins. Prices from Yahoo!