Typical or Extreme December Trading Ahead

We are heading into the final weeks of the year, and the interest to simply coast to seasonal speculative gains is powerful. However, the habits of 2018 and the sheer number of fundamental threats on tap should lead us to extreme caution.


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Typical or Extreme December Trading Ahead

We are heading into the final weeks of the year, and the interest to simply coast to seasonal speculative gains is powerful. However, the habits of 2018 and the sheer number of fundamental threats on tap should lead us to extreme caution.


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Trade Wars, Fed Hike Plans, Brexit Assessments and More On Tap This Week

Rather than starting the gradual wind down associated with quiet trading conditions through December, a host of key themes and events will keep the risk of volatility high.


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GBPUSD Weekly Technical Outlook: Sterling Probes New Lows

Sterling’s technical set-up remains weak with the charts pointing lower and towards recent support levels.


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Australian Dollar Looks To Trump, Xi In Argentina, RBA Policy Meet

The Australian Dollar remains buoyed up against its US rival, and any signs of a trade thaw between Washington and Beijing could lift it further


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Aussie Bulls Beware: AUD/USD, AUD/JPY May Fall as EUR/AUD Gains

Australian Dollar bulls could be running out of steam, AUD/USD and AUD/JPY prices are showing signs that a turn lower could come ahead. EUR/AUD on the other hand may climb instead.


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Technical Forecast for Dow, S&P 500, FTSE 100, DAX and Nikkei

US stocks put in recovery moves this week as the book was closed on November trade. But can that enthusiasm remain into the final month of a volatile 2018?


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Central Bank Weekly: US Dollar Hamstrung after Fed Signals Dovish Shift

All signs point to the FOMC reducing its glide path in December, which is bad news for the greenback.


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Stock Markets Braced for G20 Summit and OPEC Meeting

Focus for investors will be on the outcome of the G20 summit, while oil traders await the OPEC meeting with questions on how much will oil producers cut output by.


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AUD/USD Snaps Bullish Series, RBA to Keep Cash Rate on Hold

AUD/USD may face a more bearish fate going into the RBA’s last meeting for 2018 as the central bank is widely expected to keep the official cash rate (OCR) at the record-low.


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Bitcoin Sentiment Sparks a Bullish Bias

Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.


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EUR/USD Folds at 1.1400 as USD/CAD Makes Another Run at Resistance

Its been a busy week across FX and this weekend brings gap risk with G20 getting underway. Meanwhile, USD/CAD is jumping towards the yearly high: Can bulls break through?


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EUR Falters at Resistance, USD in Demand - US Market Open

The US Dollar is firmer against its major counterparts, up 0.25% as month-end and Fed QT underpin, while the Euro weakens as inflation disappoints.


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DXY Index Awaits US-China Trade War News from the G20 Summit

On balance, the US Dollar has made no progress this week, but news from the G20 summit in Argentina will catalyze more active markets.


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USD/CAD Rate to Eye 2018-High on Lackluster Canada GDP Report

Canada’s GDP report may fuel the recent appreciation in USD/CAD as the economy is expected to grow 2.0% in the third-quarter of 2018 versus 2.9% during the previous period.


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Canadian Q3 GDP Release May Boost Flagging Canadian Dollar

The Canadian dollar has had a tough time of late with the sharp fall in oil hurting the country and pushing the Loonie lower. A positive Q3 GDP report later today may help turn the tide.


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Brexit Impact on GBP: How the Pound Might Move After Parliamentary Vote

Here’s how the British Pound might react to the various possible outcomes after the UK Parliamentary vote on the Brexit deal reached by Theresa May and the EU.


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Charts for Next Week – AUD/USD, EUR/CAD, AUD/NZD, S&P 500 & More

Trading in FX remains on the choppy side, but a couple of patterns are starting to emerge; stocks look vulnerable again heading into next week.


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S&P 500, Dow Jones & Nasdaq 100 Charts: Buyer Beware, Looks like Just a Bounce

This week has brought some strong upside price action, but looking like another bounce; may have ended yesterday.


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EURUSD Drops on Soft Inflation and Month-End

Eurozone inflation remains subdued, however, ECB look set to finish their QE program at the end of this year.


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Sterling (GBP) Range Bound, UK PM May’s Brexit Plan Continues to Unravel

Slightly supportive month-end flows keep Sterling range bound as Brexit vote nears. UK PM May’s plan to sell her deal are not going well as opponents continue to line up.


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USD to Rise as Today Marks Another Fed Balance Sheet Unwind

Typically, on days with a large and negative impact on USD liquidity due to the balance sheet unwind, the Dollar has tended to gain while risk sentiment has been softer.


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US Dollar Eyes Trump, Xi Meeting at G20 Summit for Its Next Move

The US Dollar is looking to a meeting between presidents Donald Trump and Xi Jingping at the G20 leaders’ summit in Argentina to guide its next move.


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What Happens if There is a G20 US-China Trade War Breakthrough

After months of fruitless discussions and steady escalation of trade wars, the G20 represents an opportunity to address the threat to market stability. The mainstream consensus is for further pain heaped onto the situation, but don’t write off the alternative.


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CAD Bracing for Volatility: BoC Hold, Jobs Report, OPEC Oil Cuts?

The Canadian Dollar is bracing for volatility as it has the BoC rate decision, November’s domestic jobs report and an OPEC meeting for near-term risks that carry long-term implications.


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Asian Stocks Mostly Higher With Trump, Xi’s G20 Meet In Focus

Asia Pacific stocks were mostly in the green, despite Wall Street losses, as investors continued to look with hope towards this weekend’s G20 get-together


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Rumors Over US-China Trade War Concentrate Market Focus on G20 Meeting

Powell’s subtle shift in policy intention didn’t charge the markets beyond the US trading session for which he spoke. Now, the gravity of the G20 meeting and trade wars pulls us into a high profile event risk which will come to complete close during the weekend when market access is extremely limited.


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Crude Oil Price Chart Hints at Bounce Ahead of Key G20 Summit

Crude oil prices might find the catalyst to make good on bullish technical cues in commentary from the G20 leaders’ summit getting underway in Argentina.


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EUR/GBP Technical Analysis: Euro Prices Awaiting Range Breakout

EUR/GBP prices struggled confirming a break above the August descending trend line, consolidation mode appears to be ensuing. Upper boundary near 0.89394, lower one around 0.88108.


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NZD/USD Technical Analysis: Double Top Forming Below 0.69?

The New Zealand Dollar is back to retest resistance below the 0.69 figure against its US counterpart, with negative RSI divergence hinting that the barrier may hold.


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USD/BRL Techninal Analysis: Bearish Reversal in Sight?

USD/BRL has formed what appears to be a bearish Head and Shoulders pattern. The pair’s movement is likely being driven by Brazilian politics.


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Australian Dollar Hit By Weak China PMIs, RBA, G20 Eyed

The Australian Dollar ticked lower Friday as Chinese data disappointed, with manufacturing now very close to outright contraction


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USD Prices Mostly Resilient on FOMC Minutes, AUD/USD May Fall Next

The FOMC minutes failed to offer meaningful weakness to the US Dollar as the S&P 500 paused its winning streak. AUD/USD may reverse its near-term uptrend as the G20 Summit looms.


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Dollar Declines as FOMC Minutes Point to Powell Pumping the Brakes on Hawkish Fed

While December still appears live for another Federal Reserve interest rate hike after dovish remarks from central bank officials, the future path for policy normalization grows uncertain.


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FX Price Action Setups in EUR/USD, USD/CAD, NZD/USD and AUD/USD

There's considerable noise in the backdrop, and this weekend brings G20 which may further complicate matters. In this webinar, the US Dollar was the focal point.


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AUD/USD Rate Clings to Bullish Series Ahead of G20 Summit

AUD/USD clings to the recent series of higher highs & lows ahead of the G20 Summit, with attention turning to the looming trade discussion between the U.S. and China.


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Gold Sentiment Suggest that Prices Might Rise

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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S&P 500: Weekly Short Positions Soar 29% Prompting a Bullish Bias

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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Oil Price Forecast: RSI on Cusp of Flashing Buy-Signal

Recent price action raises the risk for a larger rebound in crude oil, with the Relative Strength Index (RSI) on the cusp of flashing a textbook buy-signal.


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Ethereum Price Forecasted to see Large Gain using Elliott Wave Analysis

Ethereum’s price chart shows the potential for an increase to 225 according to Elliott Wave Theory. We are looking for strength to emerge soon.


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Gold Price Outlook: XAU/USD Consolidation- Breakout Imminent

Gold is in consolidation just below multi-month slope resistance. Here are the targets & invalidation levels that matter on the XAU/USD charts heading into December.


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USD/JPY Sentiment Prompts a Mixed Bias

The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.


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GBP/USD Sentiment is Unable to Provide a Clear direction

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


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AUD at Resistance, Russian Jawboning Lifts Oil - US Market Open

The Australian Dollar is back at familiar resistance. Fed’s Powell dents USD, while typical EURGBP month-end demand weighs on GBP.


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US Dollar Tests Trend-Line Support Ahead of FOMC Minutes

The US Dollar found resistance yesterday and already price action is testing a key area of trend-line support. Can buyers hold the lows, are we on the cusp of a fresh wave of USD-weakness?


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Global Market Rally Needs Dovish Fed and Positive US-China Trade War Upadate

Yesterday, Fed Chair Powell had echoed similar commentary to Vice Chair Clarida, stating that policy rate is “just below” broad range of estimates for the neutral rate. Eyes are now for developments at the G20 summit.


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Brexit ’Doomsday’ Warnings Ignored by a Resilient Sterling

Dire economic predictions from the Government and the Bank of England have had only a minimal effect on Sterling so far as UK PM May continues to push her deeply unpopular Brexit deal to the country.


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EURUSD Chart Near-Term Bullish After Outside Range Day

A bullish outside range day on the EURUSD chart suggests near-term upside after the recent weakness of the pair.


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Crude Oil Analysis: WTI breaches $50, Bears Eye Critical Support

The decline in oil prices persists with WTI and Brent crude breaking below $50 and $58 respectively. Given that there are little signs of the sell-off abating.


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CAD at 5-Month Lows, Crude Oil Back on the Decline - US Market Open

The Pound is notably outperforming this morning, gaining some 0.3% against the greenback. CAD at lowest level since June amid weaker oil prices and wider bond spreads.


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GBP Price Falls After Dire Warnings For UK Economy After Brexit

The British Pound has weakened after grim predictions for the UK economy post-Brexit from both the UK Treasury and the Bank of England.


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USD/JPY Weak Near-term, Triangle Building; USD/CAD Reversal Has Trend-line in Play

USD/JPY reversed off the top of a developing pattern which should prove important later-on, while USD/CAD rejection has notable trend support back in view.


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FTSE Chart Analysis – Lifting on Heels of Surge in S&P 500, but Not Meaningful

Shortly after Europe trading closed U.S. stocks surged on Fed Chair Powell's softening hawkish tone; but it may only be a temporary shot in the arm, especially for non-U.S. markets.


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EURUSD Turns Higher But The US Dollar Remains Bullish

EURUSD pushes higher after Fed Chair Powell’s commentary, but the charts show that the US dollar remains in a strong uptrend.


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Euro to Overlook German CPI, US Dollar May Rise on FOMC Minutes

The Euro may overlook German inflation data while the US Dollar has scope to rebound as November FOMC meeting minutes prompt a rethink of Fed rate hike prospects.


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Asian Stocks Rise On Fed Chair Powell’s Comments, G20 Hopes

Asian stocks were broadly higher again as markets moved to reprice their expectations of higher US interest rates next year. The US Dollar was weaker for the same reasons


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Crude Oil, Gold Prices May Fall as FOMC Minutes Prompt Fed Rethink

Crude oil and gold prices may fall while the US Dollar rebounds as upbeat minutes from this month’s FOMC meeting prompt a rethink of the Fed’s rate hike trajectory.


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Did Fed Chairman Powell Save the Stock Market?

Despite equities’ rally following Chairman Powell’s dovish remarks, stacked systemic risks may point to a future reversal.


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Euro, AUD/USD, NZD/USD at Risk From Trump Automobile Tariff

The Australian and New Zealand Dollar – along with the Euro – may suffer soon as President Donald Trump explores imposing new automobile tariffs as part of his protectionist initiatives.


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Nikkei 225 Technical Analysis: Bulls Have More To Prove Yet

The Nikkei 225 has managed a run of daily chart gains that have taken it close to an important resistance zone. It will need to get there however, and consolidate


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Despite Clear Warnings from the Fed, BoE and IMF, Markets Focused on Fed’s Powell

Equities rallied on dovish remarks from the Fed’s Powell, despite clear warnings on financial stability and auto tariff threats.


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AUD/USD Technical Analysis: Bearish Reversal Attempt Invalidated

The Australian Dollar has managed to abort another attempt at re-starting its long term downtrend against its US counterpart, this time courtesy of Fed commentary.


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S&P 500 Gains in Vain after Powell Speech? USD Still in a Uptrend

Fed Chair Jerome Powell offered the S&P 500 its best performance since March, but the index hasn’t conquered resistance. Asia stocks may echo gains on Wall Street, boosting AUD.


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USD/JPY Strength Fizzles as Fed Chairman Powell Softens Hawkish Tone

USD/JPY may continue to consolidate following the fresh comments from Fed Chairman Jerome Powell as it marks another failed attempt to test the 2018-high (114.55).


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Sterling Spikes as Bank of England’s Carney Calms Brexit Nerves

The pound cautiously moved higher following remarks from the UK’s head central banker Mark Carney on the country’s Financial Policy Committee report assessing the health of the financial system and impact of Brexit outcome risks.


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GBP/USD Rallies After the BoE Warns of Brexit Recession Potential

The Bank of England issued some stark warnings around No-Deal Brexit today. And markets seemed to listen for about 20 minutes, until Jerome Powell provoked a reversal in USD.


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DJIA: Dow Jones Jumps Above 25k as Powell, FOMC Adapt to Global Risks

US stocks are ripping-higher on the back of a speech from FOMC Chair, Jerome Powell. The removal of a key pressure point may keep the door open for continued strength.


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Dollar Sinks Stocks Soar on Dovish Remarks from Feds Powell

At a speech in New York, Federal Reserve Chairman Jerome Powell delivered a series of dovish remarks that sent the Dollar lower across the board while US equities turned positive for November.


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Gold Price Outlook Mired by Failed Attempt to Test Monthly-High

Gold appears to have marked a failed run at the monthly-high ($1237) as the precious metal snaps the range-bound price action from the previous week.


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Fed’s Financial Stability Report Warns of ’Elevated’ Corporate Debt

The Federal Reserve’s first report devoted to financial stability highlighted trade wars, Brexit and trouble in emerging markets as headline risks that could impact the US financial system.


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Crude Oil Price Outlook: WTI Catches Support at $50- Can It Hold?

Oil prices are attempting to snap a seven-week losing streak from fresh yearly lows. Here are the levels that matter on the WTI weekly chart into the close of the month.


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US Dollar Strength in Focus Ahead of Powell; USD/CAD Nears Resistance

The Dollar is holding resistance and US equities are bouncing ahead of a highly-anticipated speech from FOMC Chair Jerome Powell, set to take place at Noon ET today.


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CAD at 5-Month Lows, Crude Oil Back on the Decline - US Market Open

The Pound is notably outperforming this morning, gaining some 0.3% against the greenback. CAD at lowest level since June amid weaker oil prices and wider bond spreads.


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DXY Index Hovers Below Yearly Highs Before Powell Speeh

A speech by Fed Chair Jerome Powell later today is expected to bring with it fresh dovish tones.


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EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

EURUSD bearish trend opens scope for a test of the YTD lows, while EURJPY lacks significant signs of a near term break. EURGBP tests supports, which curbs further losses for now.


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Bitcoin, Ethereum, Ripple Prices Turn Higher | Webinar

The cryptocurrency market is paring back some of last weekend’s losses and may have further to go with some coins still registering oversold conditions.


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Technical Outlook for Crude Oil, Gold Price, S&P 500, DAX 30, FTSE & More

Crude oil is deeply oversold but still no support, gold has converging trend-lines, while global indices are bouncing but look poised for more weakness ahead.


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Crude Oil Price Stabilizes, Downtrend Remains Intact

The crude oil price has steadied after its tumble that began early last month but the trend remains downwards and the $50/barrel support level for US crude could yet be broken.


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Bearish Sentiment Signal for Gold Price

The latest retail trader positioning data suggest that losses are possible for the price of gold.


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Sterling Waits for UK Government to Publish Brexit ’Impact’ Analysis

The UK government will release its Brexit economic impact analysis later in the session with Sterling negative news expected across the board.


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SD Underpinned by Month-End Signals, However, Fed’s Powell Poses Risk

Short term factors point towards further USD buying, however, commentary from Federal Reserve Chairman Powell poses a risk.


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EURGBP: Pending Long as Support Nears - Tight Stop

EURGBP is currently trending a touch lower but support nears and may provide a springboard higher, as two of the markets weaker currencies continue to do battle.


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DAX 30 Technical Analysis – Bounce Set to End Soon

The DAX has lifted a bit in recent sessions off long-term support, but it’s not likely to last long with trend and market tone working against global stocks.


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British Pound at Risk as BOE Presents Brexit Scenario Analysis

The British Pound may fall if an assessment of the economic impact of various Brexit scenarios by the Bank of England echoes recent private-sector forecasts.


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Asian Stocks Still Supported By Hopes For Trump, Xi G20 Meet

G20 meetings have under-delivered before but stock investors seem hopeful that this weekend’s Argentinian edition can at least bring a more constructive tone to trade talks


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Why Aren’t AAPL and GM Shares, USDCNH, Fed Rate Forecasts Not Lower on Trump’s Threats?

President Trump has not been reserved with spreading criticism against the perceived sources of difficulty for the US market and his personal political agenda. Yet, despite the focus, these markets have limited their response to his negative attention.


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Gold Prices May Fall Further on Hawkish Powell Comments

Gold prices will may continue to fall after suffering the largest drawdown in two weeks as hawkish comments from Chair Powell boost Fed rate hike bets.


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USD/IDR Attempts Reversing 2018 Uptrend. SGD, PHP Eye Resistance

The Indonesian Rupiah is on the verge of accelerating its appreciation against the US Dollar, putting USD/IDR’s 2018 uptrend at risk. USD/SGD and USD/PHP eye near-term resistance levels.


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Dollar Tuned into Powell and Fed Tempo and Pound Awaits BOE Threat Assessment

Risk trends are making weak effort to signal any serious conviction before the Friday G20 meeting. However, Powell’s speech and the BOE’s stability report ahead may stir targeted moves.


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Japanese Yen Technical Analysis: USD/JPY Base Looks Very Firm

The Japanese Yen remains under the broad pressure against the US Dollar which has dominated 2018. USD/JPY bulls now have a reasonable platform from which to try for the year’s peak again


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Asia Stocks May Echo S&P 500 Gain on Trade War Reliefs, JPY Falls

White House Economic Adviser Larry Kudlow offered reassuring commentary on the US China trade front, the S&P 500 rose. Asia Pacific stocks may gain with AUD and NZD. JPY may fall.


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USD/JPY Short on Dovish Fed, 112 Targeted

USD/JPY remains near the highs for the year despite a dovish shift in commentary from Federal Reserve officials. The fundamental development presents an interesting short opportunity.


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EUR/JPY Weekly Technical Outlook: Euro Turns at Multi-year Support

Price is trading just above a critical support confluence at the November lows. Here are the levels that matter on the EUR/JPY weekly chart into the close of the month.


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US Dollar Price Action Setups in EUR/USD, USD/CAD and USD/CHF

The US Dollar caught a bid this morning on some comments from FOMC Vice Chair, Richard Clarida. But, did the Dollar move too far, too fast on a bit of hyperbolic inferrence?


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NZD/USD Rate Struggles Ahead of RBNZ Financial Stability Report

NZD/USD struggles ahead of the RBNZ’s Financial Stability Report, with the exchange rate at risk for further losses as it carves a series of lower highs & lows.


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USD/CAD Price Outlook: Dollar on Steady March Higher to Resistance

An early-month breach above key resistance has price targeting fresh four-month highs. These are the targets & invalidation levels that matter on the USD/CAD charts.


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Crude Rebound Stalls as Kuwait Seeks Stable Oil Market

Crude oil prices struggle to preserve the rebound from earlier this week as Kuwait’s Oil Minister, Bakheet Al-Rashidi, argues that ‘it’s very early to talk about any cuts.’


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DAX Outlook: Auto Tariff Threat Puts EU-US Trade War Back in Focus

The auto heavy DAX index briefly fell to session lows to break below 11300 and underperform its major counterparts after reports from German press that President Trump may impose auto tariffs.


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EUR/USD Moves in For Another Test at 1.1300 as USD Re-Claims 97.00

A plethora of drivers await for the remainder of the week, but EUR/USD is already making a move back to the 1.1300 level as USD bulls have pushed back-above 97.00.


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GBP Drops as Tory Loyalist Deals a Blow to PM May - US Market Open

GBP buckled early on after Tory loyalist Fallon dealt a blow to PM May. USD remains firm with Fed’s Clarida stating that gradual rate hikes remain appropriate.


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More Pressure on EUR and GBP Keeps the DXY Index Afloat

Signs that some of Europe's most pressing issues may move towards resolution soon is helping lift currencies across the pond.


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Market Sentiment Still Poor But Tentative Signs of Improvement | Webinar

A lack of confidence among traders remains the dominant market theme but tentative signs of an improvement are starting to emerge.


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Technical Outlook for USD/JPY, EUR/USD, Dow Jones, Gold Price & More

USD/JPY strength has it coiling up below resistance, the Euro is testing big support, Dow Jones bounce may not last long, and gold may break trend-line resistance soon.


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Weekly CoT Update for Euro, Crude Oil, and Other Major Contracts

There was a continued theme this past week of growing shorts in the Euro and selling in crude oil.


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EURUSD Price Well Placed to Rally Ahead of November Lows

After several sessions of losses, a recovery in the EURUSD price is possible as Italian budget fears ease and the US-China trade war shows signs of escalating again ahead of the G20 summit.


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Brexit Latest: President Trump’s Trade Warning Damages Sterling

A warning from US President Trump that the UK’s current Brexit proposal could hurt a future US-UK trade agreement has caused Sterling to fall close to multi-month lows, with the possibility of further losses on the horizon.


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Crude Oil Analysis: Oil Price Bounce Short-lived

Yesterday’s bounce back has provided an opportunity for oil bears to reload shorts. The lack of conviction in the rise in oil prices suggests that any increase will be short-lived as markets look to find a floor.


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Bitcoin (BTC) Price Latest: Short-Term Rally Possible, Market Oversold

A sustained bout of selling has produced an oversold signal on the chart, and Bitcoin could well climb back above $4,000 if the current lows hold.


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Pound Down on Brexit Deal Tumult, US Dollar May Rise on Fed-Speak

The British Pound sank as hopes securing a Brexit deal before the March deadline fizzled. The US Dollar may rise as Fed commentary bolsters rate hike prospects.


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Asian Stocks Trade Higher As Investors Await Trump, Xi Meet

Asian equity scored broad gains Tuesday as investors looked with hope towards this week’s G20 summit. The Dollar also held up perhaps as FX markets took a more circumspect view


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Measuring Sentiment as Risk Appetite Grows Overtly Shaky

As the end of the year approaches, the norms of a gentle slide into a complacent climb in risk assets through year’s end looks exceptionally threatening against our widening spectrum of systemic financial threats.


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G20 Summit May Sink Stocks as Fed Boosts USD Price Versus SGD, PHP

The G20 Leaders’ Summit may sink risk appetite if trade war fears increase, boosting the US Dollar against ASEAN bloc currencies such as SGD and PHP. Fed speak may also support USD.


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An Unconvincing Bounce for S&P 500 and Risk as Trump Escalates Trade War Threats

The return of liquidity accompanied a bounce in risk assets – but all enthusiasm has been drained from the move. Instead, warnings like trade wars are consuming more of the speculative ranks’ attention, and for good reason.


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ASX 200 Technical Analysis:Important Long-Term Support Eyed

The ASX 200 has given back about 400 points below the 6000 level, which it topped by a similar amount to reach this year’s stunning peak. Bulls probably can’t afford to lose much more.


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Gold Prices May Fall as Fed Commentary Boosts the US Dollar

Gold prices may turn lower having repeatedly failed to break near-term chart resistance as Fed commentary boosts the US Dollar, sapping anti-fiat demand.


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Do Political Remarks Drive Stock Market Performance?

Investors should look to White House officials’ comments to gain an edge in gauging the future direction of equities.


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US China Trade War Fears, Fed Hike Bets May Undermine Asia Stocks

Asia stocks may find it difficult to follow through on Monday’s optimism on Wall Street as Donald Trump revived US China trade war fears. NZD/USD prices are at risk, Yen may gain.


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Cyber Monday set to Shatter Records as S&P500 gains but Trade Wars Loom

US equities closed higher Monday as encouraging holiday sales data encouraged buyers but late-afternoon comments by President Trump may disrupt further progress.


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S&P 500 Pattern Walks the Ledge as Dollar Steadies

SP 500 continues a bearish sequence of patterns implying much lower levels. US Dollar appears to be entering a near term bearish Elliott wave cycle.


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NZD/USD Correction Starts to Unravel as Bullish Momentum Abates

NZD/USD may continue to chip away at the advance from the monthly-low (0.6514) as the bullish momentum abates.


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NZD/USD Price Outlook: Pending Bull Flag Breakout in Kiwi

A reversal from four-month highs has Kiwi approaching areas of interest for support. These are the targets & invalidation levels that matter on the NZD/USD charts.


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GBP/USD: Cable Builds Support as Retail Traders Load-In

It's been a busy month so far for the British Pound and focus now shifts towards December 10th. Will buyers be able to make a stand ahead of the vote in the House of Commons?


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Ripple Dips Into Support as Bullish Base Builds

Ripple’s price chart shows the potential for a bullish Elliott wave pattern. We are looking for strength to emerge soon.


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USD/JPY Rate Catches Bid Ahead of Fed Rhetoric, Policy Meeting Minutes

USD/JPY snaps the recent series of lower highs & lows, with a slew of hawkish Fed rhetoric likely to fuel the advance from the November-low (112.31).


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US Dollar Clings onto Gains at Start of Key Week

The November FOMC minutes and US-China trade war discussion at the G20 meeting will keep traders focused on the second half of the week.


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Weekly Trade Levels for EUR/USD, AUD/USD, NZD/USD, Gold & More

Webinar highlighting setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter into the close of the month.


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Oil Prices Bounce Back, GBP up as EU Approves Brexit Deal - US Market Open

The Euro is notably firmer as Italy mulls reducing 2019 budget deficit target. GBP afloat as the EU approves deal, however, hurdles remain.


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US Dollar Pulls Back to Start a Busy Week; EUR/USD in Focus

This week's calendar is full of high-impact items as markets close the book on November, and both the Euro and US Dollar will likely remain in focus.


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UK Week Ahead Dominated by Brexit, US Data and Fed Speak

The week ahead is dominated by US data releases, speeches by Fed Chair Powell, Chinese Manufacturing PMI, Euro-Zone inflation and Brexit.


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AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

AUDUSD eyeing a test of key resistance. Little signs of a near-term breakout for AUDJPY, while AUDNZD bearish momentum indicators are moderating.


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Gold & Silver Price Analysis – Sluggish Price Action Contained by Trend-lines

Gold and silver have trend-lines keeping a cap on price, can they push on through or will sellers again push them lower.


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EURUSD Rises as Italy Backs Down on Budget

The German IFO survey dipped in-line with the recent ZEW and PMI figures, reducing hopes of a year-end rebound. Italy reportedly looking at reducing budget deficit target.


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Sterling Ignores EU/UK Brexit Deal as Challenges Increase

The EU leaders officially backed UK PM Theresa May’s Brexit plan and urged the UK Parliament to vote for it, saying that there was no other deal available.


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Yen Sinks on Upbeat Market Mood Before G20, Euro Eyes Draghi

The anti-risk Japanese Yen sank amid a chipper mood ahead of this week’s G20 summit across financial markets. The Euro is eyeing comments from ECB President Draghi.


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Crude Oil Prices Seek Cues from G20 Meeting After Dramatic Drop

Crude oil prices are looking to the G20 gathering in Argentina for direction cues after oversupply fears brought them to a 13-month low last week.


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Asian Stocks Mostly Up On G20 Trade Hopes, USD Gains Too

G20 meetings have disappointed investors in the past but there seems some hope that this week’s may at least some trade thaw between Washington and Beijing


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EUR/USD Technical Analysis: Euro Down Trend Back in Play?

The Euro broke critical near-term chart support against the US Dollar, hinting the dominant down trend may be starting to regain momentum.


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EUR/SEK to Gain on Riksdag Gridlock - Political Risk Rising

EUR/SEK is likely to rise if Stefan Lovfen is rejected as Prime Minister on December 3rd. The rejection would signal a continuation of the crisis and the increasing risk to stability.


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New Zealand Dollar Slides On Retail Miss, G20 Meet Eyed

The New Zealand Dollar sank Monday on news that retail sales had limped in under forecasts. Business confidence is already weak. If consumer sentiment joins it rates are clearly going nowhere


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Meet the Major Currencies: What Every Trader Needs to Know

Are you trading or looking to trade in the foreign exchange market? These profiles of the major currencies will give you essential tools to do it.


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Euro: What Every Trader Needs to Know

Are you trading or looking to trade the Euro? This brief yet comprehensive primer will give you essential tools to do it.


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New Zealand Dollar: What Every Trader Needs to Know

Are you trading or looking to trade the New Zealand Dollar? This brief yet comprehensive primer will give you essential tools to do it.


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Japanese Yen: What Every Trader Needs to Know

Are you trading or looking to trade the Japanese Yen? This brief yet comprehensive primer will give you essential tools to do it.


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US Dollar: What Every Trader Needs to Know

Are you trading or looking to trade the US Dollar? This brief yet comprehensive primer will give you essential tools to do it.


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British Pound: What Every Trader Needs to Know

Are you trading or looking to trade the British Pound? This brief yet comprehensive primer will give you essential tools to do it.


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Swiss Franc: What Every Trader Needs to Know

Are you trading or looking to trade the Swiss Franc? This brief yet comprehensive primer will give you essential tools to do it.


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Australian Dollar: What Every Trader Needs to Know

Are you trading or looking to trade the Australian Dollar? This brief yet comprehensive primer will give you essential tools to do it.


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Canadian Dollar: What Every Trader Needs to Know

Are you trading or looking to trade the Canadian Dollar? This brief yet comprehensive primer will give you essential tools to do it.


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EUR/USD Weekly Technical Forecast: Euro’s Trend & Chart Pattern May be at Odds

The euro has broader trend forces working against it, but could make good on a developing short-term bullish price pattern; leaves near-term outlook in limbo.


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Oil Price Forecast: Bearish Momentum Lingers Despite Looming OPEC Cut

The current environment may keep oil prices under pressure even as OPEC looks to clamp down on production as the Relative Strength Index (RSI) highlights a bearish signal.


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Sterling (GBP) Week Ahead: Brexit Battle Has Only Just Started for PM May

Over two years ago the UK voted to leave the EU and the outlook remains uncertain with seemingly little progress made so far. And the real battle will start when Future Trade Agreements (FTAs) are put on the table if negotiations get that far.


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Near-term Trade Setups in EUR/USD and AUD/JPY

An update on near-term trade setups we've been tracking in EUR/USD and AUD/JPY. These are the targets and invalidation levels that matter heading into next week.


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AUD/USD Outlook: Aussie Searches for Support after Failed Breakout

The Aussie correction is approaching levels of interest for near-term price support. These are the targets & invalidation levels that matter on the AUD/USD charts.


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Global Market Bounce Feeble Amid Tech Outflows and Brexit Uncertainty

Another volatile week for UK asset classes given the continued uncertainty over Brexit. The Nasdaq moved firmly into correction territory, dropping over 15% from the August peak.


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USD/JPY Rate Weakness Spurs Shift in Retail FX Interest

Recent developments keep the downside targets of the radar for USD/JPY as the weakness in the exchange rate spurs a shift in retail interest.


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EUR Dips on Poor PMI, Crude Oil Plunge Relentless - US Market Open

The slowdown in the Eurozone is becoming increasingly prominent, according to latest EZ PMI. Crude oil plunges with Brent breaking below $60/bbl.


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Charts for Next Week – USD, USD/CAD, USD/MXN, Crude Oil, Gold Price & More

The US Dollar Index has a couple of developments to watch in the week ahead, while USD/CAD tests trend support, USD/MXN at risk of rolling over, and gold contends with resistance.


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Gold Price Knocked Lower as the US Dollar Firms

Spot gold turns lower in European trade as the US dollar wakes and pushes further ahead. The precious metal is having difficulty making a decisive move for now.


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Ripple (XRP) Price Analysis: Charts Point to Further Losses

A series of lower highs is casting a bearish shadow over Ripple and the next level of support is under threat.


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Crude Oil Analysis: Death Cross Reaffirms Bearish Outlook

Oil bears are firmly in control with prices heading for a 7th weekly loss. This morning has seen Brent crude prices test the 2018 lows.


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EURUSD Slides After Euro-Zone PMIs Disappoint

EURUSD slid below 1.1400 after the latest Markit PMIs missed expectations, with Germany a weak spot. Euro-Zone growth expectations fall back to 0.3% in Q4.


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Brexit Latest: Sterling (GBP) Remains Vulnerable to Deal Backlash

GBPUSD continues its sideways trading pattern despite Thursday’s announcement from UK PM Theresa May that a deal was close. Unfortunately for the UK PM, the deal remains deeply unpopular.


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AUD/NZD Nets Out Market Mood Swings, Focus On RBA & RBNZ Policy

AUD/NZD can at times net out market mood swings, behaving as “risk neutral”. This allows it to focus more on Reserve Bank of Australia and New Zealand monetary policy bets.


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AUD/NZD Nets Out Market Mood Swings, Focus On RBA & RBNZ Policy

AUD/NZD can at times net out market mood swings, behaving as “risk neutral”. This allows it to focus more on Reserve Bank of Australia and New Zealand monetary policy bets.


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Asian Stock Mostly Lower As US Holiday Thins Trade, Oil Down

Global trade and Brexit continued to dog investor sentiment, with additional worries about oil demand seeing crude prices down to levels not seen since late 2017


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Growth at Risk: Trump Trade Wars Echo Smoot-Hawley Tariff Act

US trade policy in 2018 is worryingly similar to the 1930 Smoot-Hawley Tariff Act. Protectionism decimated global trade and growth at that time. Will it do it again?


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Can Australian Dollar Bulls Really Hope For Higher Rates?

Australian interest-rate futures markets still go along, just, with the Reserve Bank of Australia’s view that the next move, when it comes, will be a rise. But, how much sense does that really make?


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US Dollar Will Retain Top Spot Despite Deficits, Trade Wars

The US Dollar has attracted worried or indeed outright hostile glances for much of its history. It is certainly doing so now. But there’s still no viable alternative on the horizon.


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Fowl Play: Lessons from the US, EU ’Chicken’ Trade War

The Chicken War of the 1960's should serve as a stern reminder to protectionists of the danger of trade wars and the threat they pose to global growth and stability.


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S&P 500 Nears Correction Territory as Hope of a Thanksgiving Rally Fades

Hope of a Thanksgiving rally faded on Tuesday as the S&P 500, Dow, and Nasdaq approached correction territory after a substantial gap lower at the open.


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Euro at Risk: How the EU Might Punish Italy

The Euro may experience unusually high volatility in the coming weeks as EU policymakers head into unchartered waters over Italy’s controversial budget.


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CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD

USDCAD is eying crucial support, while CADJPY extends bounce off rising trendline. EURCAD continues to remain bullish above pivotal 1.50 handle.


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Which Countries Might Want to Leave the EU After Brexit: Euro Analysis

As the UK prepares to quit the EU and the row between Italy and the EU over the Italian Budget continues, Euro traders need to watch out for any signs that other countries are thinking of leaving the bloc.


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Trader’s Guide - A Journey of a Thousand Miles Begins With a Single Step

Starting your trading career can be daunting and the first few steps are crucial. Understanding the principles of technical and fundamental analysis and trading psychology are essential building blocks.


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EURGBP Outlook: Move Lower Stalls for Now Despite Brexit News

The EURGBP rally has run out of steam but the downside looks limited with the long-term moving average propping up the pair, for now.


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Top 10 most volatile currency pairs and how to trade them

Top 10 Most Volatile Currency Pairs and How to Trade Them


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Top Market Themes to Watch Before the Year Ends

Trade wars, Brexit, the Italian budget, weaker global economic growth and volatility will likely be the key drivers of the financial markets up to the end of the year and beyond.


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GBP Soars, Euro Resilient, while USD Softens - US Market Open

The Pound is the clear outperformer in today’s session, which initially soared to one-week highs above 1.29, following reports that the EU-UK have agreed on future ties post Brexit.


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Gold Price Latest - Is Palladium More Valuable than Gold?

The price of Palladium is looking set to overtake gold shortly after the recent surge in the silvery-white metal.


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Brexit Latest: GBP Rises as EU-UK Agree Future Ties, However, Hurdles Remain

GBPUSD rose to session highs, taking out the 1.29 handle after reports had emerged that the EU and UK have agreed on a draft text of political declaration on future EU-UK ties after Brexit.


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EURUSD Rise May be Capped by Cautious ECB Statement

The Euro has remained firm, despite yesterday seeing the European Commission rejecting Italy’s revised budget. Eyes now on today’s ECB meeting minutes.


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Bitcoin and Ripple Latest - Lacklustre Rebound, Lower Prices Ahead

Cryptocurrencies continue to struggle to rally off their yearly-lows with trading ranges and turnover contracting. With support lacking, any sell-off could accelerate into further heavy losses.


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GBPUSD Price Technically Weak Ahead of Crucial Brexit Talks

The GBPUSD price is under downward pressure ahead of a weekend that could be make or break for the Brexit talks between the UK and the EU.


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Gold, Crude Oil Price Gains Fail to Breach Key Chart Barriers

Gold and crude oil prices reclaimed a bit of lost ground but failed to breach critical chart barriers, falling short of neutralizing near-term selling pressure.


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Asian Stocks Mixed, Chinese Mainboards Sag On Trade Worries

Asian stock markets were mostly stronger as the US Thanksgiving break approached. Chinese mainboards bucked the trend as trade–deal hopes seemed to recede


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EUR/GBP Technical Analysis: Upside Breakout Struggling, May Fail

EUR/GBP prices are struggling to overturn the dominant downtrend, fading upside momentum warns a turn lower may be in the cards. Pushing through support exposes 0.87961 and 0.87518.


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AUD/USD Technical Analysis: Trying to Resume Downtrend Again

Another attempt at re-establishing the Australian Dollar downtrend against its US counterpart appears to be afoot after prices broke below a near-term support line.


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Liquidity Saves S&P 500 For Now, Brexit, Trade Wars and Italy Still Simmering

The liquidity withdrawal is upon us, and traders must adapt to the defining feature on our financial landscape. Separating sparks and potential for present conditions from those next week is crucial for trading through to next week.


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Nikkei 225 Technical Analysis: Bulls Hold Line Above Key Prop

The Nikkei 225 has retreated sharply and quickly from its multi-decade highs of 2018. The bulls seem to have forced a pause, but it may not last


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S&P 500, Crude Oil Rally on Italy Budget News, Fed. JPY May Fall

Stocks, oil prices recovered on reports that the Fed may pause its tightening cycle. EU taking steps towards imposing fines on Italy were brushed off. Japanese Yen may extend losses.


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EUR/USD Rate Eyes 2018-Low as Bullish Sequence Snaps

The failed attempt to test the monthly-high (1.1500) keeps EUR/USD vulnerable to further losses as the exchange rate struggles to retain the bullish series from last week.


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Gold Price Outlook: Recovery Finds Resistance at October Trendline

Gold is up more than 2.7% off the monthly low with prices threatening a near-term breakout. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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Bitcoin: Weekly Short Positions Skyrocket 52% as Prices Hit a 13 Month Low

The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.


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AUD/USD Rate Carves Bearish Series Following Lackluster RBA Minutes

AUD/USD struggles to hold its ground following the RBA Minutes, with the exchange rate at risk for a larger pullback as it carves a fresh series of lower highs & lows.


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DJIA: Dow Tests 2018 Trend-Line Support as Bears Continue to Push

While November started on a positive note, price action after FOMC has taken a turn for the worse, and prices are now re-testing a support trend-line that's seen multiple inflections this year.


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FX Price Action Setups in EUR/USD, USD/CAD, NZD/USD and USD/CHF

Tomorrow brings Thanksgiving, and that will usher in lower liquidity across global markets. In this article, I look at a series of price action setups around the US Dollar.


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EUR/USD Price Outlook: Euro Threatens Breakout– Levels to Know

A reversal off technical resistance puts the focus on a break of the weekly range. Here are the targets & invalidation levels that matter on the EUR/USD charts.


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USD Dips as the Fed May Mull Pause on Rate Hike Cycle - US Market Open

The risk on sentiment has put a dent in the USD, which is modestly lower against its major counterparts, particularly high beta FX currencies (AUD, NZD), with the exception of JPY


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US Dollar Finds Trend-Line Resistance Following Bounce From Key Support

The US Dollar put in a vigorous bounce yesterday, finding support at a key area on the chart before jumping up to find resistance off of a bearish trend-line.


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Bitcoin, Ethereum, Ripple Prices: Cryptocurrencies Lose 25%

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Trading Forecast for S&P 500/Dow, DAX 30, Crude Oil, Gold Price & More

In this webinar, we took a look at global indices as volatility rises sharply, the powerful decline in crude oil and whether it can bounce, along with the outlook for gold as it battles with levels.


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S&P 500, Nasdaq 100 & Dow Charts Have Important Support Levels to Watch

Strong selling in recent days has support levels in focus; volatility to remain high for foreseeable future whether we hold support for now or sink on through...


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EURUSD Price Consolidating, More Gains Possible

The current period of consolidation in the EURUSD price will likely continue near-term, with 1.16 a reasonable target.


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GBPUSD: Brexit Fears Remain as UK PM May Heads to Brussels

UK PM Theresa May is going to Brussels later today to finalize a deal with EU. However, fears remain that the PM will not be able to sign-off the current deal in its current form and get it through Parliament.


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NZD/USD Technical Analysis: Two-Month Support Line Broken

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Crude Oil Analysis: Bearish Momentum to Continue Despite Short Term Lift

Oil prices continued its descent with WTI and Brent crude losing as much as 6% in yesterday’s session. Consequently, this may prompt Russia to join OPEC cuts. Short term bounce on stockpile drop.


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Bitcoin, Ethereum, Ripple News - Recovery Weak, Support Lacking

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Euro May Fall as EU, Italy Budget Battle Heats Up

The Euro may fall as European Union authorities push back against Italy after the country refused to amend its budget, which Brussels says violates fiscal rules.


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Crude Oil Prices May Bounce After Plunge on EIA Inventory Data

Crude oil prices might manage a corrective bounce after yesterday’s dramatic plunge if EIA inventory data reveals an outflow from US stockpiles.


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Asian Stocks Wilt Again On Trade Feas, US Durable Goods Up Next

Asian stocks were all lower once again as Wall Street weakness took another toll. Trade and growth worries remain to the fore, supporting the US Dollar rather than the Japanese Yen for now


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USD/PHP Fall to Pause? USD/MYR Eyes New High, USD/IDR Uptrend Held

USD/PHP downtrend accelerates but near-term correction may be in the cards. USD/MYR eyes new 2018 highs as USD/IDR uptrend holds. USD/SGD remains in consolidation as stubborn support held.


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Japanese Yen Technical Analysis: USDJPY Uprend Holds Despite Falls

The Japanese Yen has staged a modest fight back against the US Dollar in what might be termed a ‘battle of the havens.’ However Yen bulls have not yet managed to land a really heavy blow


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Short NZD/USD, Support Taken Out. Fed, RBNZ, Stocks Underpin Trade

NZD/USD may accelerate its descent with rising support taken out. Fundamentally, NZD is at risk given underpriced Fed rate hike bets, less hawkish RBNZ and stock market weakness.


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Euro at Risk: How the EU Might Punish Italy

The Euro may experience unusually high volatility in the coming weeks as EU policymakers head into unchartered waters over Italy’s controversial budget.


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Will the S&P 500 Tumble Consummate a Critical Break and When Will Oil Stop?

A well-known US holiday and market drain is dead ahead, but you wouldn’t know that from the productive tumble from US indices like the Dow and S&P 500 or other economic/financial benchmarks like US crude oil.


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Crude Oil Downtrend Resumes, AUD May Fall as Asia Stocks Decline

Crude oil prices tumbled, may rise briefly next. S&P 500 gapped lower as global stocks fell as US Dollar gained with Fed rate hike bets. Australian Dollar may follow Asia stocks lower.


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S&P 500 Nears Correction Territory as Hope of a Thanksgiving Rally Fades

Hope of a Thanksgiving rally faded on Tuesday as the S&P 500, Dow, and Nasdaq approached correction territory after a substantial gap lower at the open.


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Gold Price Forecast: Monthly-High on Radar Amid String of Higher-Lows

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USD/JPY: Downward Trend in Weekly Short Positions Leads to a Bearish Bias

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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GBP/USD Sentiment is Unable to Provide a Clear direction

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


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EUR/USD: Weekly Long Positions Slump 33% Leading to a Bullish Bias

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


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AUD/JPY Price Outlook: Reversal Run Plummets into Key Support Zone

A reversal off technical resistance has price targeting a major inflection zone. Here are the targets & invalidation levels that matter on the AUD/JPY charts.


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USD/JPY Rate Remains Under Pressure as Fed Endorses Gradual Approach

Downside targets are still on the radar for USD/JPY as fresh comments from Fed officials fuel the recent series of lower highs & lows in the exchange rate.


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EUR Breaks Support Amid Wider Italian spreads and Firmer USD - US Market Open

The US Dollar has clawed back early losses to trade higher by 0.2%, which in turn has seen the Euro dip below 1.14 with wider German-Italian bond spreads also weighing.


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US Dollar Bounce From Fibonacci Support; EUR/USD Holds Key Resistance

The US Dollar has finally caught a bounce from a key support area on the chart, and this corresponds to a big area of resistance in EUR/USD currently helping to hold the highs.


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Market Confidence Continues to Ebb Away | Webinar

Trading sentiment remains poor, with the US Dollar sinking. Although corrections are possible, confidence will likely remain weak for a while yet.


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Trading Forecast for DXY, EUR/USD, USD/CAD, Gold Price & More

Dollar weakness has support in play, watching how the Euro and Canadian Dollar react as the counter-trend test plays out; gold rally has resistance to contend with.


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Crude Oil Analysis: Key Resistance to Maintain Bearish Trajectory

Ahead of the OPEC meeting, expectations have been growing that the cartel will look to cut oil output. However, with Russia reluctant to participate and Brent crude in contango, bulls are not convinced.


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EURUSD Forecast: Rally Likely to Reverse on Italian Bond Yield Fears

EURUSD is hitting technical resistance and is unable to push higher as Italian government bond yields continue to climb higher.


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USD Price May Fall Further, Hit by Negative News Flow

The USD price, measured by the DXY Dollar index, may extend its recent weakness as an already long list of concerns lengthens further.


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Bitcoin, Ethereum, Ripple Prices - Cryptocurrency Carnage Continues

The sharp sell-off in the cryptocurrency market continues with the market shedding USD65 billion in a week, a fall of more than 30%.


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DAX 30 Technical Outlook – 2011 Trend-line Last of Major Support for a While

The DAX recently turned lower from the neckline of a broad H&S top; will the 2011 trend-line break or keep the German benchmark alive to fight another day?


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Pound Volatility Likely as BOE Governor Carney Opines on Brexit

The British Pound is likely to turn volatile as BOE Governor Carney is pressed to opine on the Brexit outlook in testimony before Parliament’s Treasury committee.


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Asian Stocks Slide With Nissan,Tech To Stay In Unwelcome Focus

Asia Pacific stocks already faced a backdrop of feeble risk appetite. Bad news from the giant automaker and various points of the tech sector made matters worse


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EURUSD or NZDCHF: Which Pair Better Suits Trading Conditions This Week?

EURUSD has posted a noteworthy technical progression with clearing resistance not long after pushing a 16-month low. Yet, in filtering virtue from vice in general market conditions, NZDCHF may be a far superior pair.


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Gold Prices May Continue Higher as Yields Fall in Risk-Off Trade

Gold prices may continue to edge higher as deteriorating risk appetite across financial markets translates into lower Treasury bond yields.


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ASX 200 Technical Analysis: Index Approaches Key Support Again

The ASX 200 is fading again and has returned to what on its monthly chart looks like key retracement support. If the bulls can’t defend this deeper falls could ensue


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EUR/USD Technical Analysis: Euro Bounce May Bring Test Above 1.15

The Euro has breached resistance guiding it lower against the US Dollar since late September, hinting a larger advance may be in the cards.


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US Equities Slide in Defiance of Holiday Expectations, Be Wary of EURUSD’s Break

The black hold in liquidity expected later in this week with holiday conditions seems to find numerous points of defiance in the form of volatility. Yet, can we expect charges like that in with equities, EURUSD and natural gas to continue?


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Asia Stocks at Risk as Euro Stoxx 50, S&P 500 Tumble. Yen May Gain

Risk-off trade from Europe was amplified by the worst decline in US home builder sentiment since 2014, the US Dollar tumbled. Asia stocks may follow the S&P 500 lower as Yen gains.


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Highly Volatile Natural Gas Futures see Margin Requirement Raised

The Chicago Mercantile Exchange announced a bump to the margin requirement on natural gas futures given the recent uptick in volatility which saw price climb 40% in the past month.


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AUD/USD Bullish Sequence Sputters Ahead of RBA Minutes

The near-term advance in AUD/USD appears to be stalling ahead of the RBA Minutes as the exchange rate struggles to extend the recent series of higher highs & lows.


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GBP/USD: Cable Continues to Coil as Brexit Suspense Builds

The backdrop around Brexit has grown even more opaque and clarity remains distant. Despite this, the British Pound continues to drive deeper into consolidation.


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Gold: 84% of Retail Traders are Net-Long Despite Recent Consolidation

The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.


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S&P 500: Weekly Short Positions Soar 37% to Yearly Highs

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.


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S&P 500 Pattern Warns of Weakness as Dollar Falters

SP 500 continues a bearish sequence of patterns implying much lower levels. US Dollar appears to be entering a near term bearish Elliott wave cycle.


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EUR/USD Weekly Technical Outlook: Euro Reversal Rips into Resistance

Euro has surged more than 2% off the yearly lows with price targeting the first major test of resistance. Here are the levels that matter on the EUR/USD weekly chart.


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Oil Rebound Fizzles Amid OPEC Uncertainty, RSI Stuck in Oversold Zone

The current environment may continue to weigh on oil prices as the Relative Strength Index (RSI) struggles to recover from oversold territory.


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Weekly Trade Levels for EUR/USD, AUD/USD, Crude Oil, Gold & More

Webinar highlighting setups we’re tracking into the start of the week across the US Dollar Majors. Here are the updated targets & invalidation levels that matter.


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EUR/USD Recovery Runs Towards Key Resistance; USD Pullback Continues

The Euro continues to recovery prior November losses as the holiday-shortened week begins, and EUR/USD prices are fast-nearing a key area of chart resistance.


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Crude Oil Renews Selling on Russian Stance, AUD & NZD Drop on APEC - US Market Open

Trade war tensions between the US and China continuing to take its toll on the high beta antipodean currencies. Crude Oil renews selling as Russia talks down joining OPEC oil cut.


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UK Week Ahead: Brexit and the Bank of England to Steer Sterling | Webinar

UK PM Theresa May remains in office, for now at least, and will venture over to Brussels to talk with EU chief negotiator Michel Barnier, while BoE governor Carney will make a shorter trip to Parliament.


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Weekly CoT Update – Sellers in USD, Crude Oil Speculators Keep Hitting Bids

In the latest CoT report large speculators pared back Dollar longs versus most currencies while oil longs continue to hit bids as precipitous decline continues.


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EUR/USD Looks Good Long on Dip, USD/JPY Short on Smallish Rip

The Euro popped hard last week and looks likely to continue higher in the near-term, while USD/JPY looks ripe for more selling following a bounce.


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EURUSD Rise From Dovish Fed Limited by Italian Fears, Eyes on ECB Minutes

Cautious Fed has provided upside risks for the Euro, however, given the showdown between the EC and Italy, gains are limited, while eyes will be on the latest ECB minutes.


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Bitcoin, Ethereum, Ripple Prices Collapse Further - A Sea of Red

The cryptocurrency market has sold off further with most coins taking out support levels, leaving them vulnerable to further losses.


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GBPUSD News: UK PM Shuns Brexit Advice, Sterling Cagey

UK PM Theresa May continues to push ahead with her unpopular version of Brexit, ignoring all and any advice given to her, according to the latest rumors. Sterling remains on edge.


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US Dollar, Yen May Rise as Fed-Speak Revives Rate Hike Bets

The US Dollar and Japanese Yen may rise as comments from the Fed’s John Williams boost rate hike bets and sour market-wide risk appetite.


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Asian Stocks Make Cautious Gains Despite Trade, Brexit Worries

Asia Pacific markets managed to rise in a week where trade is already likely thinned by the approach of the US Thanksgiving break. Trade worries continued to swirl, Brexit remains


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Crude Oil Prices Eye JODI Data, Gold May Fall on Fed-Speak

Crude oil prices are eyeing JODI import and export data to inform oversupply fears. Gold prices may retreat on comments from New York Fed President John Williams.


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Singapore Dollar at Risk, MYR May Gain. Stronger USD Could Emerge

Fed sunk the US Dollar which benefited ASEAN FX. USD/PHP also enjoyed lower oil prices. Singapore Dollar is at risk while Malaysian Ringgit may gain. Don’t discount a stronger USD.


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Japanese Yen Strength Against USD Probably Worth Chasing For Now

The Japanese Yen doesn’t have many fundamental reasons to rise against the US Dollar, but its strength may have further to go in the short term


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USD/SEK May Rise on Riksbank View. Political Breakthrough Ahead?

USD/SEK may rise as Riksbank rate hike bets cool but Center Party leader Annie Loof offers hope for a political breakthrough that ratifies technical hints at Krona gains.


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Lower Fed Rate Hike Bets May Boost Asia Stocks, USD Uptrend Holds

The Fed brought up concerns about global growth again, boosting S&P 500 as rate hike bets fell. Asia stocks may gain as Yen falls. Despite losses in the US Dollar, the uptrend holds.


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Weekly Fundamental Forecast: Trade Wars, Brexit and Italy Risks Advance as Bulls Hope for Holiday Respite

The week ahead will test the mettle of holiday trading conditions. The US Thanksgiving holiday is a well-known curb on turnover in global markets which naturally breaks up speculative momentum. However, the abundance of systemic thematic threats (trade wars, Brexit, Italy’s budget) and 2018’s predilection for volatility could make this an unnerving holiday.


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Weekly Technical Forecast: Will Liquidity Define the Equities, EURUSD and Oil Reversals?

A range of ambitious technical moves were checked this past week. Equities’ return to bear trend steadied, the EURUSD pulled up from a break to 16-month lows and crude oil finally broke the fever of a record breaking 12 consecutive day slide. Are these purposeful reversals or merely a pause in anticipation of next week’s liquidity conditions?


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Global Markets Braced for Brexit Chaos and Italian Showdown

The political backdrop looks bleak for the UK as PM May struggles to bring her party together to support her Brexit plans. Italy yet again defy the European Commission and stick to its big spending budget plan


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Gold Weekly Technical Outlook: Gold Prices Jump as Dollar Breaks

Gold prices snapped a two-week losing streak after rebounding from technical support. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


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EUR/USD Rate Rebound Vulnerable to Dovish ECB Account

The ECB’s account of the October meeting may undermine the recent advance in EUR/USD as the Governing Council remains in no rush to normalize monetary policy.


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Euro Downtrend Intact, Monthly Chart Hints at Steep Drop Ahead

The Euro has mounted a spirited recovery from mid-November lows but overall positioning continues to look decidedly bearish, hinting at deep losses further ahead.


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Yuan May Retrace Amid Mixed Fundamentals, Resumed US-China Talks

The Chinese economy had uneven developments, bringing mixed impact to the Yuan; at the same time, the US-China trade war and PBOC’s guidance will continue to weigh on the Yuan.


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Gold Price Could Drive Higher After Dovish Remarks from Fed Officials

The fundamental outlook for gold has remained mixed in recent weeks but that could change given a slew of dovish comments from Federal Reserve officials.


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US Dollar Aims Higher on European Turmoil, Fed Outlook Rethink

The US Dollar may find fresh strength next week as political tumult in Europe buoys haven demand while markets rethink a dovish shift in Fed rate hike bets.


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Dollar Leans Towards Important Bearish Breaks, Will Liquidity Save It?

The Dollar hit a 16-month high last week, but it will begin the upcoming period distorted by low liquidity in retreat and eyeing medium-term support.


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GBP: Brexit Chaos Leaves Sterling Still Vulnerable to Whiplash Moves

Trading Sterling (GBP) is becoming increasingly difficult and dangerous as constant Brexit headlines and UK political upheaval combine to create a toxic cocktail


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British Pound Weekly Technical Forecast: Sterling Seeks Further Brexit News

The Pound faced a tumultuous trading week with a breakdown in Brexit optimism as members of Parliament voiced outrage over a proposed Brexit deal text.


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Australian Dollar Can Hang On Again, But Downward Bias Remains

The Australian Dollar remains in unfamiliar territory just above the long downtrend that marked much of this year. What’s more it may well stay there this week.


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What Will Liquidity This Week Do for S&P 500, Dollar, Oil Trends?

The week ahead will bring to bear the seasonal draining of liquidity that prompts speculative reach in complacency against the persistent march of systemically important speculative themes. What trend ultimately prevails?


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China Reduces Holdings of US Treasuries for Fourth Consecutive Month

The US Department of the Treasury released Treasury International Capital data for September on Friday which revealed a notable shortfall of expectations.


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US Oil Has Three Days of Stability Against Six Weeks and 30% Of Trumble

Calling a true recovery for crude oil owing to a three day steadying is extremely risky against the backdrop of a near 30 percent collapse for the commodity.


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FX Setups for the Week of November 19, 2018

It was a dizzying week for Dollar bulls, as the US currency gapped-up to start the week before bursting up to fresh yearly highs. But then a trap appeared and sellers took charge.


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Technical Forecast for Dow, S&P 500, FTSE 100, DAX and Nikkei

The November recovery was further peeled back this week as sellers remained in global equities.


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Foundations of Technical Analysis: Identifying Embedded Trends

Examining various degrees of trend to identify opportunities- a review of our technical approach and examples that illustrate our trading methodology in practice.


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USD/JPY Extends Bearish Series Following Less-Hawkish Fed Rhetoric

Recent price action in USD/JPY raises the risk for a larger pullback as the exchange rate extends the series of lower highs & lows from earlier this week.


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USD Pummeled by Dovish Fed, Brexit Mayhem Continues - US Market Open

The US Dollar is on the backfoot this morning, down 0.7% with bulls caught off-guard by Fed Chair Powell’s rather cautious stance.


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US Dollar Pulls Back as USD Bulls Take a Breather

The US Dollar is finally pulling back after the early-week breakout saw fresh one-year highs. Next week brings a bit of danger, as low liquidity conditions will meet with a slate of heavy macro issues.


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How Does a Leadership Challenge to a UK Prime Minister Work?

As Brexit discussions enter its most difficult phase yet, PM May once again finds herself under intense scrutiny at the top of a fractured government that is unable to unite over her plans to leave the European Union.


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Which Countries Want to Leave the EU After Brexit: Euro Analysis

As the UK prepares to quit the EU and the row between Italy and the EU over the Italian Budget continues, Euro traders need to watch out for any signs that other countries are thinking of leaving the bloc.


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EURUSD Price: ECB Draghi Hints That Uncertainties May Crimp Policy

EURUSD is likely to come under pressure after ECB President Draghi warned that growth and inflation may not pick-up as early as previously expected.


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USD Outlook: Signs Growing for a Potential Top Amid Crowded Positioning

A Financial Times report on Thursday suggested that China and the US were making huge strides to reach an agreement ahead of this month’s G20 summit. Stretched USD longs limit further upside.


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No-Deal Brexit Fears May Renew Pound Drop, Trigger Risk Aversion

The British Pound may succumb to renewed selling pressure while sentiment sours across financial markets amid worries about a “no-deal” Brexit ahead.


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Brexit News: Sterling Remains at Risk of UK Government Breakup

The UK remains in a Brexit crisis with PM May’s leadership still being questioned. Further cabinet resignations are rumored, leaving Sterling a rudderless ship for now.


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Asian Stocks Edge Up On Trade Hopes, Brexit Worries Keep Lid On

Asia Pacific stocks traded very cautiously into the week’s end. Hope that the US and China can reach some sort of trade accord helped, but Brexit fears were also palpable


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A Review and Outlook of an Australian and Kiwi Dollar Run

Volatility is one of the features of the markets that most traders most frequently seek. Yet, the promise of dramatic movement in the market is more often an excuse to allow emotions to reign as diligent execution of strategy falls to the wayside.


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Crude Oil at Risk as OPEC Supply Cut Bets Undermined by Russia, US

Crude oil prices confirmed longest losing streak since at least 1984. Renewed OPEC supply cut bets may be undermined as Russia seems off the table while the US continues pumping oil.


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EUR/GBP Technical Analysis: Best Gain Since 2016, Downtrend Holds

EUR/GBP prices had the best gain in a day since June 2016 on Brexit fears, but a new resistance line keeps the downtrend intact. October highs should be cleared for a lasting climb.


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Dwindling Brexit Options Guarantees Pound Volatility, S&P 500 Shows Seasonal Benefits

The markets are fighting against the pull of a slow systemic drain in liquidity associated to holiday conditions. We will see how effective such historical norms prove against growing threats like Brexit.


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Gold Prices Stuck Amid Brexit Turmoil as US Dollar, Yields Clash

Gold prices struggled for direction amid Brexit-driven turmoil as the US Dollar and bond yields diverged. Crude oil prices may drop anew in risk-off trade.


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Despite Brexit Fears, S&P 500 Halts Losing Streak. AUD May Fall

British Pound suffered the most since the Brexit Referendum, yet S&P 500 halted a 5-day losing streak on reduced US China trade war fears. AUD/USD’s upside push looks unconvincing.


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AUD/USD Continues to Eye September-High Despite Waning Retail Interest

AUD/USD appears to be making another run at the September-high (0.7315) even as market participation appears to be waning ahead of the weekend.


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NZDUSD Elliott Wave Analysis: Bullish Impulse Suggests More Upside

NZDUSD appears to be carving a bullish impulse wave in Elliott wave terms. This implies continued strength while holding above .6611.


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US Dollar Price Action Setups: EUR/USD, USD/CNH, NZD/USD

The US Dollar is holding ground despite the growing backdrop for weakness in the currency across a number of pairs. The Euro, meanwhile, has its own case for continued weakness.


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Gold Price Outlook: Recovery Testing Resistance at Prior Support

Despite the recent surge in volatility, gold prices are virtually unchanged month-to-date. These are the targets & invalidation levels that matter on the XAU/USD charts.


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Oil Price RSI Holds in Oversold Territory Even as UAE Vows to Cut Output

Oil prices remain vulnerable even as the United Arab Emirates (UAE) vows to cut crude production as long as the Relative Strength Index (RSI) holds in oversold territory.


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GBPUSD Sentiment Data Suggest Outlook is Still Bearish

Sentiment data compiled by DailyFX show that retail traders are increasing their net-long positions in GBPUSD as the currency falls, suggesting that potentially more losses are on the way.


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Brexit Latest: British Pound Plunges as Resignations Rock Mays Cabinet1

Resignations by the Brexit Secretary and the Secretary of State for Work and Pensions have stoked fears that parliament will reject UK PM May's Brexit deal.


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Bitcoin: Weekly Short Positions Skyrocket 31% as Prices Hit a 13 Month Low

Traders are less net-long than yesterday and last week, and recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.


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GBP Drops as Brexit Turmoil Sparks Leadership Challenge Fears - US Market Open

Brexit turmoil has seen the Pound plunge over 1.5%, hitting lows of 1.2750. Much of the losses had stemmed from the announcement by Former Brexit Minister Raab


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DJIA: Dow Jones Tests 25k as Post-FOMC Sell-Off Extends

US equities continue to face pressure after last week's FOMC meeting, and the Dow Jones sees that sell-off extend into a sixth day as prices test below a key support level at 25k.


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GBP/USD: Cable Chaotic on Brexit, Euro Stable Despite Italy

Volatility continues to show in the British Pound around Brexit, and this morning has brought a 200-pip sell-off to GBP/USD. Meanwhile the situation around Italy and the EC remains worrisome.


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Bitcoin, Ethereum, Ripple Prices Continue to Collapse

The cryptocurrency market capitalization has dropped by around 12% (USD25 billion) in the last 24-hours with little fundamental news driving the sell-off.


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EURUSD Selling Likely Amid Fed Balance Sheet Unwind

Typically, on days with a large and negative impact USD liquidity due to the balance sheet unwind, the Dollar has tended to gain while risk sentiment has been softer.


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London’s FTSE 100 Index Loses Early Gains Despite GBP Plunge

The FTSE 100 index of leading London-listed stocks is dropping back despite a Brexit-related tumble in GBP.


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Brexit Latest: Sterling Slumps as Brexit Minister Resigns, PM Leadership in Doubt

UK PM is fighting for her political future today after Brexit minister Dominic Raab resigned earlier, sparking renewed talk of a vote of no confidence in the PM. Sterling crumbles on the news and is likely to fall further.


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How Does a Leadership Challenge to a UK Prime Minister Work?

As Brexit discussions enter its most difficult phase yet, PM May once again finds herself under intense scrutiny at the top of a fractured government that is unable to unite over her plans to leave the European Union.


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US Dollar Rally Stutters, Technical Support Nears

The US dollar has edged off its recent highs, but the uptrend remains intact. Mildly bullish talk from Fed Chair Jerome Powell last night should see near-term support hold.


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Further GBP Price Drop Likely as Brexit Deal Faces Strong Opposition

After a highly volatile session Wednesday, the GBPUSD price is dropping further below 1.30 and more losses could be in store as UK PM Theresa May faces opposition all round to her Brexit agreement.


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Yen, US Dollar May Rise as Brexit Turmoil Sours Market Mood

The anti-risk Yen and US Dollar may rise while the British Pound drops as UK Prime Minister May receives a cool reception for her Brexit deal plan in Parliament.


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Crude Oil Price Selloff May Resume on EIA Inventory Data

Crude oil prices paused to digest losses after the longest losing streak on record. EIA inventory flow data may revive selling pressure.


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High Volatility as with S&P 500 and Pound Demands More Regimented Trading

Volatility is one of the features of the markets that most traders most frequently seek. Yet, the promise of dramatic movement in the market is more often an excuse to allow emotions to reign as diligent execution of strategy falls to the wayside.


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Nikkei 225 Declines After S&P 500 Fell. ASX 200 Eyes October Low

The Nikkei 225 followed S&P 500 lower at open, follow through was lacking as Asia stocks were relatively quiet. Australian Dollar appreciated, hurting USD. ASX 200 eyes October low.


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Nikkei 225 Technical Analysis: Index Wilts Toward Key Chart Prop

The Nikkei 225 remains below its most recent uptrend line after a break last week. The bulls are now up against it, with the year’s lows getting closer


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Risk Starts to List Again in US Trade, Brexit Headlines Swing Pound

General risk trends gave way to more targeted fundamental issues with a remarkable impact on volatility. Brexit headlines flipped from bullish to bearish and back again with GBPUSD experiencing exceptional volatility, but is there a trend here?


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Australian Dollar Leaps On Strong Job Creation, Rate Outlook Still Weak

The Australian Dollar got a big boost after domestic data showed its home economy’s long-formidable job-creation machine running at full revs in October


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GBP Prices Jawboned by Brexit News, AUD/USD May Look Past Jobs Data

The British Pound was jawboned by latest Brexit headlines, crude oil prices paused a 1984+ record losing streak on OPEC news. AUD/USD may look past jobs data for Asia stock performance.


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AUD/USD to Stage Larger Recovery on Upbeat Australia Employment Report

Australia’s Employment report may fuel the recent recovery in AUD/USD as the economy is anticipated to add another 20.0K jobs in October.


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US-China Trade War Weighs on World’s Largest Shipping Company

The US-China trade war has contributed to a slow in global container trade according to Maersk, the world’s largest shipping company. The trend could be exacerbated if tensions flare.


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AUD/JPY Weekly Technical Outlook: Price Testing Trend Resistance

Price has rallied nearly 5% off the October lows with a critical resistance confluence seen just higher. Here are the levels that matter on the AUD/JPY weekly chart.


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