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Dow and Loonie Gap Higher on NAFTA Replacement, US Oil Hits 4-Year High

October 02, 2018 at 02:30AM

The Canadian Dollar surged on news of a renegotiated NAFTA deal, while the Euro has held steadfast in the wake of EU struggles with Italy.

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Author
John Kicklighter | DailyFX
Selected by SYFX+

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Euro May Fall Further as Italy Clashes With EU on Budget

October 02, 2018 at 02:00AM

The Euro may continue to decline alongside Italian bond prices as markets brace for a budget clash between the government in Rome and the EU Commission.

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Author
Dimitri Zabelin | DailyFX
Selected by SYFX+

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EUR/USD Technical Analysis: Euro May Bounce, Trend Still Bearish

October 02, 2018 at 02:00AM

The Euro may rebound against the US Dollar after stalling near the 1.16 figure but gains are expected to be corrective within the context of a broader down move.

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Author
Ilya Spivak | DailyFX
Selected by SYFX+

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USMCA Deal Bolsters USD/CAD Downtrend as AUD/USD, EUR/AUD Eye RBA

October 02, 2018 at 12:30AM

The new trilateral NAFTA deal, named the USMCA, offered the Canadian Dollar aggressive gains as the USD/CAD downtrend was bolstered. Meanwhile, AUD/USD and EUR/AUD await the RBA.

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Author
Daniel Dubrovsky | DailyFX
Selected by SYFX+

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Wait-and-See Reserve Bank of Australia (RBA) to Sap AUD/USD Rebound

October 02, 2018 at 12:10AM

The Reserve Bank of Australia (RBA) interest rate decision may do little to alter the outlook for AUD/USD as the central bank sticks to a wait-and-see approach.
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Author
David Song | DailyFX
Selected by SYFX+

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Oil Price Forecast: Bullish Behavior to Persist as Crude Clears July High

October 01, 2018 at 10:00PM

Oil may continue to trade to fresh 2018 highs as crude prices break out of a narrow range and carve a series higher highs & lows.
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Author
David Song | DailyFX
Selected by SYFX+

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EURUSD Dips To Finish Elliott Wave Correction?

October 01, 2018 at 09:05PM

EURUSD tests recent lows near 1.1550. We anticipate support forming nearby for a rally to last for the next several weeks.

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Author
Jeremy Wagner, CEWA-M | DailyFX
Selected by SYFX+

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A NAFTA Deal Sends CAD Souring, USD Less Jubilant

October 01, 2018 at 08:00PM

After months of negotiations, the United States, Canada, and Mexico finally reached an agreement on NAFTA. The agreement materialized on the eve of the October 1st deadline.

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Author
Peter Hanks | DailyFX
Selected by SYFX+

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USD/JPY Climbs to 11-Month Highs as Weekly Short Positions Swell 32%

October 01, 2018 at 06:30PM

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.

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Author
Jake Schoenleb | DailyFX
Selected by SYFX+

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Canadian Dollar Price Outlook: Trading the USD/CAD Breakdown

October 01, 2018 at 05:59PM

Canadian Dollar is on the offensive with USD/CAD breaking below 2018 up-trend support early in the week. These are the targets & invalidation levels that matter from here.
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Author
Michael Boutros | DailyFX
Selected by SYFX+