Euro May Keep Falling on Dovish ECB, Soft Data and Sour Sentiment

Euro May Keep Falling on Dovish ECB, Soft Data and Sour Sentiment

EURUSD chart created in TradingViewEURO FORECAST: BEARISHEuro down after FOMC underwhelms the markets’ ultra-dovish policy hopesComments from Mario Draghi, economic data to reinforce ECB easing biasUS-China trade talks, Brexit negotiations may broadly undercut risk appetiteGet our free guide to help build confidence in your Euro trading strategy!The Euro faced renewed …

US Dollar May Rise if US GDP Data, Trade War Risks Spook Markets

US Dollar May Rise if US GDP Data, Trade War Risks Spook Markets

US DOLLAR FORECAST: BULLISHUS Dollar may rise if US GDP data undermines Fed rate cut forecastsDeterioration in US-China trade war talks could amplify risk aversionDemand for liquidity helping buoy US Dollar as global growth slowsLearn how to trade political volatility!The US Dollar may rise next week at the expense of …

AUD Stuggling But Underpinned By More Robust Risk Appetite

AUD Stuggling But Underpinned By More Robust Risk Appetite

Fundamental Australian Dollar Forecast: NeutralAUD/USD was forced into reverse last weekStill, the basic underpinnings of risk appetite remain in placeMatters need not obviously get worse for Aussie bullsFind out what retail foreign exchange traders make of the Australian Dollar’s prospects right now, in real time, at the DailyFX Sentiment PageThe …

US Dollar Price Volatility Report: USD Eyes Data, Fed-Speak

US Dollar Price Volatility Report: USD Eyes Data, Fed-Speak

US DOLLAR CURRENCY VOLATILITY SET TO RISE WITH ECONOMIC DATA & FED SPEAKERS ON DOCK NEXT WEEK:The US Dollar faces serious event risk next week with Fed speakers and high-impact economic data releases on deck, which will serve as sources of volatilityUSD price action turns to US-China trade talks in …

US Household Net Worth increases $1.83 trillion for Q2

US Household Net Worth increases $1.83 trillion for Q2

Household Wealth talking points:Household wealth grew 1.64% to $113.5 trillion in the second quarter of 2019 according to the Federal Reserve’s flow of funds Rising home prices along with a growing US Stock market helped lift wealth of US HouseholdsBusiness debt grew at an annual seasonally adjusted rate of 4.36%The …

Bitcoin Price Chart Forecast: BTCUSD Awaits Pennant Breakout

Bitcoin Price Chart Forecast: BTCUSD Awaits Pennant Breakout

Bitcoin Price Forecast:Bitcoin is 165% higher in the year to date, but has lost roughly 20% of its value since late JuneA series of lower highs and slightly higher lows has formed a pennant patternRegardless of direction, weeks of tight price action could see the return of volatility when a …

XAU/USD Recovery to be Short-lived- GLD Outlook

XAU/USD Recovery to be Short-lived- GLD Outlook

Gold prices are poised to snap a three-week losing streak with XAU/USD rallying more than 0.9% to trade at 1502 ahead of the New York close on Friday. Despite the recent advance, gold remains vulnerable heading into the September close with price continuing to consolidate just below long-term uptrend resistance. …

Momentum Stocks Gain Ground but Resistance Weighs Heavy

Momentum Stocks Gain Ground but Resistance Weighs Heavy

Dow Jones ForecastThe Dow Jones is narrowly beneath all-time highs on the back of September’s FOMC meetingAs the session progressed, the DJIA forfeited earlier established gains and closed modestly lowerStill, a recovery in technology and momentum stocks hint at recovery risk appetite after an unwind in some of the more …

Gold Price Slowly Building Bullish Momentum, Silver Price Consolidates

Gold Price Slowly Building Bullish Momentum, Silver Price Consolidates

Gold (XAU) Price, Silver (XAG) Price Analysis and ChartsGold finds support around $1,484/oz. and looks set to move higher.Silver needs further consolidation after recent sharp moves. Q3 2019 Gold Forecast and Top Trading OpportunitiesGold Consolidates Ahead of Fresh Push HigherThe recent sell-off in gold, triggered in part by this week’s …

US Dollar Price Volatility Report & USD Trading Ranges Post-Fed

US Dollar Price Volatility Report & USD Trading Ranges Post-Fed

US DOLLAR CURRENCY VOLATILITY RECEDS WITH FED IN REARVIEWUSD price action continues to fluctuate within its recent range due to conflicting messages out of the September Fed meeting US Dollar implied volatility drifts lower as forex traders no longer face daunting event risk from this week’s loaded central bank decisionsCheck …