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Daily Forex Signals

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USD/CAD Range Vulnerable to Strong Canada Employment Report

– Canada Employment to Increase for Sixth Consecutive Month. – Jobless Rate to Pick Up From 6.5%- Lowest Since 2008. Trading the News: Canada Net Change in Employment Another 15.0K rise in Canada Employment may undermine the recent rebound in USD/CAD as the ongoing improvement in the labor market puts pressure on the Bank of Canada (BoC) to lift the benchmark interest rate off of the record-low. Why Is This Event Important: Even though the BoC ...

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USD/CAD Fails to Hold Monthly Range Ahead of FOMC Meeting

Talking Points: – USD/CAD Fails to Hold Monthly Range Ahead of FOMC Meeting Amid Strong Canada Employment. – GBP/USD Tumbles Amid Hung U.K. Parliament; Former-Resistance Zone in Focus. The Canadian dollar outperforms its major counterpart as the region’s employment report showed a 54.5K jump in job growth, but the USD/CAD may continue to operate within a narrow range as market attention turns to the Federal Open...

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UK Election & Winning Trades of+375Pips – GBPUSD Heading to Next Support

We short on GBPUSD and Made +375 PIPs During UK General Election the pair GBPUSD has moved strongly to the downside and broken the recent low at 1.2768. In my previous analysis the target of Bearish movement was 1.2775 followed by 1.2620 that has been published on fxstreet. My recommendation was also to short the pair with the target 1.2710 that has also been fulfilled. During the UK Election market breaks the support...

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Technical Analysis: ASX 200 Loses Its Grip On Key Support

Talking Points: The ASX 200 has slipped below a support line which has been important since late February This doesn’t have to be bad news But a recovery needs to come soon Give your ASX trading strategy a tune-up with the DailyFX guide My last technical peep at the ASX 200 was an attempt to draw your attention to the curious importance of February 28, 2017. There was nothing immediately special about the low printed on that day, around 5675.30, beyond the fact ...

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Australian Dollar Recovery to Face Lowest GDP Print Since 2009

– Australia 1Q GDP to Expand Annualized 1.6%- Slowest Pace of Growth Since 2009. –Will the Reserve Bank of Australia (RBA) Further Support the Economy? Trading the News: Australia Gross Domestic Product (GDP) Despite the limited market reaction to the Reserve Bank of Australia (RBA) interest rate decision, the 1Q Gross Domestic Product (GDP) report may undermine the recent rebound in the AUD/USD exchange rate as the ...

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British Pound May Hold Gains versus Dollar

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. GBPUSD: Retail trader data shows 41.2% of traders are net-long with the ratio of traders short to long at 1.43 to 1. In fact, traders have remained net-short since Apr 12 when GBPUSD traded near 1.24364; price has moved 4.0% higher since then. The number...

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Euro Forecast to Remain Strong versus the US Dollar

EURUSD: Retail trader data shows 29.2% of traders are net-long with the ratio of traders short to long at 2.43 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.06045; price has moved 6.1% higher since then. The number of traders net-long is 20.8% higher than yesterday and 0.4% higher from last week, while the number of traders net-short is 1.7% lower than yesterday and 1.4% higher from last week. We typically take...

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AUD/USD Bullish Reversal in the Spotlight as RBA Takes Center Stage

Talking Points AUD/USD breakout under review ahead of RBA Interest Rate Decision Check out our 2Q AUD/USD projections in our Free DailyFX Trading Forecasts. Join Michael for Live Weekly Strategy Webinars on Mondays at 12:30GMT AUD/USD Daily Technical Outlook:We discussed this setup at length in today’s Strategy Webinar and heading into the Reserve Bank of Australia (RBA) interest rate decision later tonight, the focus is on the breakout of this descending...

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ASX 200 Technical Analysis: February Lows Loom Larger

Talking Points: February 28’s ASX lows weren’t hugely significant at the time But they’ve become more so since Indeed, they are now a key area which bulls must defend Would you like live coverage of the major events which move the Nikkei 225? Try the DailyFX webinars Tuesday, February 28, 2017 did not go down as a banner day for the ASX 200 at the time. No record high was made, no record low posted. Volume was...

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Australian Dollar Remains Vulnerable To China Data

Fundamental Australian Dollar Forecast: Bearish The Australian Dollar can look to a central bank decision and official GDP data this week But Aussie monetary policy is going nowhere and the growth figures may now be too historic Watch the China data instead Learn more about trading the Australian Dollar and all the Asia/Pacific majors with theDailyFX guide A versatile actor on the currency stage, the Australian Dollar plays many different roles. The trick ...

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