Canadian Dollar Talking Points The near-term rebound in USDCAD appears to have stalled ahead of Canada’s Employment report, and current themes surrounding financial markets may continue to drag on the exchange rate as the Federal Reserve comes under increased pressure to implement a rate easing cycle. USDCAD Correction Stalls as Trump Tweets on Fed Policy, […]

S&P 500 INDEX, FED RATE CUTS, US CHINA TRADE WAR – SUMMARY POINTS The Federal Reserve cut its policy interest rate last month for the first time in a decade which helped push the S&P 500 Index to fresh all-time highs Stock market returns are mixed following the start of a Fed rate cut cycle, […]

EURUSD TECHNICAL ANALYSIS: BEARISH Euro resolves conflicted chart setup with decisive support break Clearing resistance near 1.12 needed to neutralize bearish bias Monthly chart setting the stage to test supports below 1.10, 1.05 See the latest Euro technical and fundamental forecast to find out what will drive prices in Q3! The Euro appears to have […]

Australian Dollar Talking Points AUDUSD takes out the June-low (0.6832) as President Donald Trump announces that “the US will start, on September 1st, putting a small additional tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China,” and recent price action raises the risk for a further decline in […]

MARKET DEVELOPMENT – Crude Oil Prices Buoyed by Declining Crude Inventories DailyFX 2019 FX Trading Forecasts Oil: Crude oil futures are notably firmer this morning with Brent crude up over 1% following yesterday’s API crude oil inventory data. The report showed a larger than expected crude drawdown of 6.02mln barrels over the last week (Exp. […]

GOLD & CRUDE OIL TALKING POINTS: Gold prices stalling but overall technical positioning hints at topping Fed policy outlook unlikely to match ultra-dovish market expectations Crude oil may fall with stocks as US Dollar gains pressure gold lower Gold prices await the Fed monetary policy announcement with bated breath. The central bank is widely expected […]

Nasdaq 100 Forecast: Nasdaq 100 Forecast: AAPL Stock Price Pops on Earnings Beat The Nasdaq 100 may enjoy a boost headed into Wednesday trading after the Index’s second largest component – AAPL – offered strong quarterly results. The company reported earnings of $2.18 per share on $53.8 billion in revenue – beating out the expected […]