Canadian Dollar Rate Forecast: CAD Breaks Down

Canadian Dollar Rate Forecast Key Takeaways: USD/CAD Price Forecast: CAD weakens below 12-month average (1.2800) with backdrop favoring further weakness toward 1.3000 US Dollar proving to crush the bearish USD consensus trade as yields push higher IG UK Client Sentiment Highlight: mixed activity jumps, bias for downside emerges The Canadian Dollar fell another 65...

Ripple (XRP) Price Slump a Timely ’Crowded-Trade’ Warning

Ripple News and Talking Points – Ripple’s rally rudely interrupted – further losses may follow. – Retail sentiment shows traders are overwhelmingly long XRP. IG Client Sentimentshows 96.0% of traders are net-long Ripple with the ratio of traders long to short at 23.83 to 1. In fact, traders have remained net-long since Dec 25...

US AM Digest: DXY Upside Momentum Set to Continue

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here US Market Snapshot via IG: DJIA +0.01%, NASDAQ 100 +0.04%, S&P 500 -0.2% USD: Yesterday saw the 10yr US bond yield break the key 3% level, marking the highest level since January 2014. As such,...

S&P 500, Dow & Nasdaq Charts Working Towards Completing Tops

S&P 500/Dow/Nasdaq Highlights: S&P 500 turn lower has big support in focus Dow may have cemented major 2nd lower-high Nasdaq 100 closing in on neckline of head-and-shoulders See what factors are expected to drive the S&P 500 this quarter, along with the Top Trading Opportunities for 2018 on the Trading Guides page. U.S. stocks...

Gold Price Likely to Fall Further as US Dollar Reigns

Gold Price, News and Analysis – Gold buffeted by higher US Treasury yields. – Gold nears support but lower prices likely Check out our new Trading Guides – Updated news and Analysis on Gold, Indices and Major Currency Pairs. IG Client Sentiment data show 75.3% of traders are net-long EURUSD, 23% higher from last...

Asian Stocks Wilt With Wall St, Treasury Yields To Drive Currencies

Talking Points: Asian stocks slipped across the board The US Dollar’s bid broadly held Economic news was scant but a European Central Bank policy meeting looms New to trading? Please check out the free DailyFX Guide Following Wall Street’s calamitous Tuesday was never going to be easy for Asia Pacific markets and, sure enough,...

Japanese Yen Technical Analysis:Feb’s USD/JPY Peaks Back In Play

Talking Points: USD/JPY has seen good upside this week Its old trading range is history, or possible support EUR/JPY is respecting a nascent uptrend channel Join our analysts for insights, trading advice and live coverage of all major economic data at the DailyFX Webinars The Japanese Yen was hammered by a generally-stronger US Dollar...

Aussie and NZ Dollars Track Stocks Lower, Yen Sheds Anti-Risk Bid

TALKING POINTS – AUSSIE & NZ DOLLARS, YEN, STOCKS Aussie, NZ Dollars drop as Asia stocks follow Wall Street lower Yen sheds anti-risk bid as Fed rate hike bets weigh on funding FX Looming ECB policy decision may crimp risk-off follow-through The sentiment-linked Australian and New Zealand Dollars underperformed as Asian bourses picked up...