News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • (Tech Special) Canadian Dollar Outlook: USD/CAD Surge Hits Obstacles, Where to Next? #CAD $USDCAD #Loonie #technicalanalysis https://www.dailyfx.com/forex/technical/article/special_report/2021/06/22/Canadian-Dollar-Outlook-USDCAD-Surge-Hits-Obstacles-Where-to-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/t4jCG9jNkO
  • Hang Seng Tech Index - Bullish MACD Convergence is forming - #HSTECH chart https://t.co/oy6GUjNqvG
  • 🇳🇱 Consumer Confidence (JUN) Actual: -3 Previous: -9 https://www.dailyfx.com/economic-calendar#2021-06-22
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/ZBGVwxip3g
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 87.34%, while traders in France 40 are at opposite extremes with 74.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aQ1Vgos6em
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.07% 🇯🇵JPY: -0.07% 🇨🇦CAD: -0.10% 🇨🇭CHF: -0.15% 🇳🇿NZD: -0.15% 🇦🇺AUD: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ifGQz24uiW
  • Heads Up:🇳🇱 Consumer Confidence (JUN) due at 04:30 GMT (15min) Previous: -9 https://www.dailyfx.com/economic-calendar#2021-06-22
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.37% FTSE 100: 0.27% Germany 30: 0.26% Wall Street: 0.22% US 500: 0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/FSBd3FRuSA
  • We have opened this week with a moderation of the extreme moves from the 2nd half of last week: Dow tumble leading risk aversion and Dollar rally. Fits general market conditions, but there is still potential. So what to do with key breaks like $USDCAD's? https://www.dailyfx.com/forex/video/daily_news_report/2021/06/22/Dollar-Breakout-and-Dow-Collapse-Starting-to-Pull-Back-on-the-Enthusiasm.html https://t.co/EpY8EgS4so
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/rOnWgIotlz
First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

The fourth quarter of 2018 produced key technical progressions in stocks, bonds, currencies, and commodities, setting up what should be a significant first quarter of 2019. Key technical developments such as the violent crash of energy prices, the sharp uptick in volatility in global equity markets, the potential reversal in precious metals, among others, will continue to produce opportunities across asset classes.

See all of the DailyFX Trading Guides from the Quarterly Forecasts to the Top Trading Opportunities, How to Trade Event Risk, Building Confidence in Trading and so much more.

First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

Fading Excitement Leads to Range as US Dollar Bulls Shy Away from 98.00

For the 2019 open, the backdrop may be a bit more accommodating for a return of that prior theme of weakness in the currency. This is an environment that can keep FOMC policy in focus as the bank has recently started to slow projections for future rate hikes.

Despite Year-End Losses, Near-term Gains Not Out of the Question for the Euro

Since its low from mid-August 2018, EUR/USD has been locked in a sideways correction. This sideways correction appears incomplete so be mindful of a strong move higher to clean the chart congestion out.

GBP/USD Shows Little Sign of Relief from Bearish Pressure

As we look towards the opening quarter of 2019, focus will continue to fall on Brexit and until these risks dissipate, volatility may indeed persist. Brexit uncertainty keeps focus on that 1.2500 level, whereby a firm break below could see a new range of 1.2000-1.2500 throughout the quarter.

Why USD/JPY Prices Might Fall in Q1 2019

Prices failed to push above the horizontal range of resistance between 114.37 and 114.73 outlined in the Q4 2018 forecast. This area is created by combining the highs achieved in May, July and November 2017. This leaves USD/JPY facing the threat of reversing upside progress achieved over most of last year.

WTI Crude Price Range at Best, Bear Breakdown at Worst

Technically, only a break above the cloud that stretches from $53-$60 would shift the view from neutral at best or bearish at worst in a similar vein of 2014 to neutral. Until then, the focus remains sideways or down.

Pullback to Offer Opportunity in Early 2019

The recovery in Gold prices continued in the fourth quarter of 2018 after rebounding off confluence support near 1171 back in August. As traders make their way into the first quarter of 2019, interim support rests at 1236 backed by the December open at 1220.

Stocks May Rebound but Any Rally Not Expected to Last

Last quarter, the scene for stocks got progressively uglier, highlighted by an unusually weak December. In 2019, expectations are for the S&P 500 to suffer significant losses at some point, after having completed a five-wave bullish sequence off the 2009 low.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES