Risk Trends Rise with Equities as Facebook and Amazon Earnings Beat

Earnings are playing an opportune role to support pre-existing bullish appetite. Facebook offered fuel Thursday and now Amazon can take the baton if bulls are still in charge. Meanwhile EURUSD will shift focus from Italian GDP to US NFPs.


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Asian Stocks Mixed On Trade Hopes, Weak China Data. Payrolls Eyed

Local equity faced opposing forces as the week bowed out, with hopes for a US/China trade settlement pulling on way, and woeful Chinese manufacturing data the other


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NZD/USD Technical Analysis: Rally Fades, 18-Year Support at Risk

The New Zealand Dollar looks set to extend a Fed-inspired advance to challenge December’s swing top, with a break opening the door for a rise above the 0.70 figure.


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Crude Oil and Gold Prices May Retreat on Upbeat US Jobs, ISM Data

Crude oil and gold prices may retreat from recent highs if January’s US labor-market data and the manufacturing ISM gauge top analysts’ forecasts.


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How Much More Can S&P 500 Rise, USD Fall after Very Cautious Fed?

What does it mean for financial markets if the US economy maintains its healthy pace while external headwinds noted by the Fed abate? The S&P 500 may be running out of room to rally.


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USD/NOK Trading Outlook: Short Term Bearish, Long Term Bullish

The US Dollar has been falling relative to the Norwegian Krone which has pushed USD/NOK down close to the March support line. Long-term fundamentals suggest a possible rise in the pair.


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EUR/GBP Technical Analysis: January Losses May Be Trimmed Next

A bullish reversal pattern threatens to erase the downside progress EUR/GBP made. Resistance is eyed at 0.87637 while a rising support line may stop attempts to resume declines.


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AUD/USD Falls After China Caixin PMI Falls Short of Expectations

AUD/USD fell after China’s Caixin PMI undershot forecasts and was the fastest contraction since February 2016. Markets are eyeing trade war negotiations between Beijing and Washington.


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EUR/USD Down, US-China Trade Deal Pushed Back. ASX 200 May Fall

The Euro fell as Italy entered a technical recession, the Dow Jones declined as a US-China trade deal was delayed. Odds of a bearish reversal in the ASX 200 increases, AUD/USD at risk.


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Amazon Stock Price Edges Lower After Earnings Beat, Forecasts Miss

E-commerce leader Amazon reported their quarterly earnings Thursday after the close, surprising investors with a beat. Amazon shares saw mixed trading in after-hours.


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AUD/USD Flash-Crash Rebound Eyes December-High Ahead of RBA

The AUD/USD flash-crash rebound appears to be on track to test the December-high (0.7394) as the Relative Strength Index (RSI) breaks out of the bearish formation from late-2018.


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EUR/USD Price Outlook: Euro Fails at 1.15 - Levels to Know for NFP

Euro is poised to snap a four-day winning streak with price threatening a near-term pullback. Here are the targets & invalidation levels that matter on the EUR/USD charts.


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After FOMC, US Dollar Holds Losses While Gold, Japanese Yen Outperform

It’s unusual for Gold, the Japanese Yen, and stocks to all be moving in the same direction.


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USD/CAD Bear-Flag Continues to Unfold as Fed Drops Hawkish Guidance

USD/CAD stands at risk for a larger correction following the Federal Reserve meeting as a bear-flag formation unfolds.


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EURUSD Curbed at Resistance, NFP Unlikely to Spark Volatility - US Market Open

USD is softer, alongside US yields following yesterday’s dovish FOMC meeting. The wait-and-see stance is in effect with the Powell and Co. signalling that they will be patient with rate hikes.


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US Crude Oil Price Benefiting From Venezuela Crisis, Stockpiles Data

Crude oil prices look to be heading higher on the US sanctions imposed on Venezuela’s state-owned oil company PDVSA and data showing a smaller than expected rise in US oil inventories.


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Gold Price Analysis: Fed Capitulation & Central Bank Buying Spree Maintains Bullish Outlook

The Federal Reserve doves have been set free following yesterday’s rate decision and Powell’s presser. Gold prices pushed higher, hitting highs of $1323 following the decision.


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Euro Eases Gently After Poor Eurozone GDP Data, Italy in Recession

EURUSD and the Euro cross rates are being driven principally by events in the US and Brexit but they still eased after another indication that the Eurozone economy is growing only slowly.


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GBPUSD Analysis: Bullish ’Golden Cross’ Taking Shape

A closely-followed bullish technical indicator is in the process of forming on the daily GBPUSD chart, suggesting higher prices lie ahead.


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Italy Enters a Technical Recession, EUR/USD Recovery Halted

As Italy’s Q4 GDP figures confirm it has entered in to a technical recession, weaker economic data from the Eurozone adds to the ongoing concerns about a slowdown in growth around the world.


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Trading Lessons All Traders Should Know - Alessio Rastani | Podcast

Alessio Rastani talks with Senior Analyst, Tyler Yell about bitcoin, technical analysis and the biggest lesson traders should know.


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DAX 30 & CAC 40 Charts: Channels Keeping Bullish Bias Intact (for Now)

The DAX and CAC have had reasons (resistance) for turning down, but as long as bullish channel structures remain in place.


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EURUSD Hitting Resistance After Dovish Fed Boost

A dovish press conference by Fed Chair Jerome Powell sent the USD scuttling lower late Wednesday, helping EURUSD back to the 1.1500 level and near the 200-day moving average.


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Euro May Drop with Stocks, Commodity Currencies on Soft GDP Data

The Euro may fall alongside stocks and commodity bloc currencies if soft fourth-quarter GDP data cools ECB rate hike bets and stokes global slowdown fears.


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British Pound at Risk on EU, UK Brexit Deal - Stalemate

The British Pound will be eyed by traders as the UK and EU attempt to reach a feasible Brexit deal before the deadline on March 29. The clock is ticking, and the outlook is as uncertain as ever.


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Most Asia Stocks Rise. US-China Trade Talks Next, S&P 500 May Fall

A cautious Fed led most Asia Pacific stocks higher except for the ASX 200. Ahead, S&P 500 might fall as US President Donald Trump and China’s Vice Minister Liu He have trade talks.


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Gold Prices Eye US, China Trade Talks After Fed-Inspired Surge

Gold prices soared following a seemingly dovish Federal Reserve policy announcement. The spotlight now turns to US-China trade talks in Washington, DC.


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Nikkei 225 Technical Analysis: Can Bulls Build On Solid Chart Support?

The Japanese equity benchmark looks quite composed at current levels, but it also has some key resistance close at hand which must be dealt with quickly


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AUD/USD Technical Analysis: Eyeing 0.73 After Swing High Break

The Australian Dollar is eyeing a return to the 0.73 figure after breaking chart resistance but longer-term positioning still favors a broadly bearish bias.


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Euro Vulnerable to EU Data Dump? Markets Eyeing Italian GDP

Is the Euro vulnerable to the cascade of European data scheduled to be released this week? Italian GDP will be monitored particularly closely given the controversial budget and state of the economy.


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Dollar Drops and S&P 500 Rallies on Dovish Fed, Euro’s Turn on GDP

The Fed decision proved a worthy fundamental spark for the Dollar and risk trends (like the S&P 500). The jury is still out on trends however. Ahead, it is the Euro’s turn to lead the docket with 4Q GDP figures.


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Fed-Boosted Australian Dollar Ticks Up On Modest China PMI Beat

The Australian Dollar had already risen sharply thanks to perceived rate dovishness from the Fed, but it rose again following China PMI data, despite news of further contraction in manufacturing


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Relatively Dovish Fed Catches US Dollar Off Guard, China PMI Next

An increasingly cautious and relatively dovish Fed sunk the US Dollar and bolstered the S&P 500 and Dow Jones. Softer Chinese Manufacturing PMI leaves AUD/USD, Asia stocks at risk.


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Gold Extends Bullish Series as FOMC Defends Larger Balance Sheet

Gold prices may continue to catch a bid following the Fed meeting as the precious metal extends the series of higher highs & lows from earlier this week.


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Facebook Stock Price Soars on Earnings Beat, Microsoft Misses

FANG member Facebook reported an earnings beat across the board Wednesday, sending shares 10% higher in after-hours trading.


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FOMC Leaves Rate Range Unchanged, Dollar Looks to Powell Presser

The US government shutdown will have a direct impact on how the Federal Reserve operates at the start of 2019.


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US Dollar Set to Be the Rudder of Risk Sentiment Post FOMC | Podcast

All eyes are on USD in the wake of the January FOMC meeting while developments in China could lead to further PBoC accommodation and credit spreads in Europe poor cold water on imminent contagion fears. All of this and more are covered on the DailyFX Podcast, Trading Global Markets Decoded.


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Canadian Dollar Price Outlook: USD/CAD to Threaten January Lows

The US Dollar remains at risk for further losses heading into major event risk this week. Here are the targets & invalidation levels that matter on the USD/CAD charts.


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FOMC Preview: EUR/USD Outlook Hinges on Fed Balance-Sheet Reduction

It remains to be seen if the Federal Open Market Committee (FOMC) will adjust the $50B/month in quantitative tightening (QT) amid little to no signs of a recession.


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US Dollar Steady ahead of January FOMC Meeting; US-China Trade Talks

The US government shutdown will have a direct impact on how the Federal Reserve operates at the start of 2019.


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AUD Soars on CPI, Gold Eyes Fed Meeting - US Market Open

The Aussie is soaring this morning following better than expected CPI data. Modest gains for the Pound today as markets assess Brexit developments.


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US Dollar (USD) Faces a Pivotal Few Days Including FOMC & NFPs

The US dollar index (DXY) remains in a tight range around the long-term moving average and with US GDP, the latest FOMC meeting and the Labour report on Friday, sharp breaks should not be discounted.


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Technical Forecast for Gold Price, Crude Oil, Dow Jones, DAX 30 & More

Gold is trading around a critical area, oil continues to consolidate, while indices maintain bids near resistance levels.


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Gold Price Analysis: FOMC May Spark Short-Term Pullback

Gold bulls expecting further upside in the short term could be left temporarily disappointed if the Fed is less dovish than what the markets expect.


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Eurozone Sentiment Misses Forecasts, EUR Shrugs

Various measures of sentiment in the Eurozone have come in mostly lower than expected but EURUSD has been little affected and will likely be driven by the USD side of the equation.


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Gold & Silver Price Analysis – Rallies Extending into Important Zones

The recent shot higher by precious metals has them trading around important longer-term resistance zones.


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GBPUSD Outlook Positive After Drop on Concerns About a No-Deal Brexit

Sterling was hit hard Tuesday by a perceived increase in the chances of a no-deal Brexit but has since stabilized and could well rally from here.


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EURGBP: Bearish Bias Remains Intact Despite Rebound

1. EURGBP retains a negative bias for now although an important technical resistance level nears. A break higher changes sentiment.

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Crude Oil Prices May Focus on US, China Trade Talks for Direction

Crude oil prices may focus on US-China trade talks for direction cues amid a deluge of event risk including an FOMC rate decision and US GDP data.


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Asian Stocks Mixed As Investors Look To Trade Talks, Key Fed Meet

Asian shares put in a rather directionless mid-week performance which is perhaps not surprising given ths still-full economic calendar


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Brexit Votes Leave Pound Lower, Dow and Dollar Ready for Fed

The fundamental fireworks are only starting. We have already started the ball rolling through themes and high level event risk, but can the pressure from a EURUSD override oppression congestion?


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AUD/USD in Focus as Chinese Delegation Arrives in Washington

AUD/USD will be closely watched as Chinese Vice Premier Liu He and US officials meet to negotiate trade relations. This is also occurring against the backdrop of the Huawei scandal.


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Japanese Yen Technical Analysis: USDJPY Stuck, Can Fed Shift It?

The Japanese Yen has been effectively stymied between two key retracement levels for the last month. A break may be more dependent on fundamentals than on technical factors.


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AUD/USD Jumps CPI Data - Markets Eyeing US-China Trade Talks

The Australian Dollar jumped as year-on-year CPI came in better than expected. AUD/USD traders are now eyeing the upcoming trade talks between Beijing and Washington this week.


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Brexit Amendment Votes Spook GBP Traders, AUD/USD Eyes CPI Data

The British Pound tumbled as a series of Brexit amendment votes spooked investors. AUD/USD follow-through on CPI data may have to wait until RBA. Nikkei 225 still at risk to losses.


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Brexit Latest: GBP Falls After Favored Deal Amendments Rejected

The British Pound drops as odds of a no-deal outcome increase after Brexit deal amendment fails.


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Apple Stock Price Climbs on Earnings Beat, Dow Jones May Follow

Hotly anticipated earnings from the tech-giant Apple were released after market close Tuesday and impressed investors despite lingering growth concerns.


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Oil Carves Inverse Head-and-Shoulders Despite Venezuela Sanction

Recent developments keep the topside targets on the radar for crude oil as an inverse head-and-shoulders formation takes shape.


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Gold Price Technical Outlook: XAU Breakout Targets Initial Resistance

Gold prices are eyeing resistance targets that may cap the rally near-term. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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Bleak January US Consumer Confidence Helps Drag Stocks Lower

US Consumer Confidence Index collapses to its lowest level since July 2017 and reiterates the pessimistic tone that has stymied markets lately.


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USD/JPY Outlook Mired by Lower Highs & Lows, Bearish RSI Formation

The recent series of lower highs & lows raises the risk for a further depreciation in USD/JPY especially as the RSI responds to the bearish formation from late-2018.


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DXY Index Stalls as Markets Await Brexit Vote; Gold Breakout Continues

UK PM May faces a key Brexit vote tonight in parliament. Meanwhile, amidst rising market uncertainty, Gold prices continue to rally.


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Gold Breaks Higher, US Mulls Emergency Oil Stockpiles - US Market Open

US may mull using emergency stockpiles (SPR release) to curtail impact of Venezuelan sanctions. Elsewhere, Gold breaks higher above $1300.


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US Dollar Sentiment Turns Sour | Webinar

Confidence in the US Dollar is waning as trade concerns, signs of a global economic downturn and disappointing corporate earnings combine to reduce demand for it.


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Brexit Latest: Rumoured ’Plan C’ Could Fire Up Sterling (GBP)

The latest twist in the Brexit negotiation saga could see a new ‘Plan C’ offer a solution to break the current Brexit gridlock. And that may give Sterling (GBP) a positive boost.


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EURUSD Price: Bounce off Technical Support Improves Outlook

A worsening of US-China relations, a slowing global economy, a likely pause in US interest rate hikes and a positive technical picture are boosting EURUSD as the Greenback loses its safe-haven status.


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How to Create a Trading Plan | Podcast

Learn from our popular analyst Paul Robinson about best practice tips on how to create a trading plan.


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GBPUSD Outcome Dependent on Key Amendments for Today’s Brexit Showdown

The key risk event today will come in the form of the Parliamentary vote on Theresa May’s Plan B. However, the focus will lie on the amendments that have been tabled by several MPs.


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Gold Price Further Gains Likely as US Dollar Wobbles

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AUD/USD May Fall Amid Huawei Scandal - Markets Eyeing Trade Talks

The Australian Dollar may fall this week as Chinese Vice Premier Liu He meets with Treasury Secretary Steve Mnuchin amid the prosecution of Huawei CFO Meng Wanzhou.


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Will the Euro Fall on France Consumer Confidence? Riots in Sight

The Euro may fall after France releases its Consumer Confidence data. The Yellow Vest protests have weighed on data amid a broader European-wide economic de-acceleration


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Dow Jones Chart Warns of a Top as Asia Pacific Stocks Aim Lower

Asia stocks followed Wall Street lower with some intraday gains ahead of a jam-packed week. Market mood may deteriorate on US consumer confidence, Dow Jones chart warns of a top.


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Gold Price Rise Stalls as Market Risk Appetite Unravels

Gold prices struggled after Friday’s spirited surge higher as unraveling risk appetite stoked haven demand for the US Dollar. More of the same looks likely ahead.


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Trade Wars and Shutdown Permanent Damage, GBPUSD Wound Up for Brexit Vote and Fed

Though the markets didn’t completely capsize to start the new trading week, they noticeably gapped lower. That despite the end of the US government shutdown late last week. Now we have to worry about growth, Brexit and the Fed.


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ASX 200 Technical Analysis: Range Break Could Come Quite Soon

The ASX 200 has settled into a broad, familiar range following the downside break of its dominant uptrend channel. This week is replete with fundamental events that could consign that range to history


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Brazilian Real May Fall on Inflation Data - Will Conditions Improve?

The Brazilian Real may dip this week as the country’s key inflation indicator is scheduled to be released. Bolsonaro’s reforms are on the way, but when will the economy feel them?


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Australian Dollar Slips On NAB Business Gloom, Trade Talks Eyed

The Australian Dollar took a Tuesday fall on news that domestic businesses’ assessment of current conditions had worsened very markedly


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AUD/USD, Stocks May Fall as Huawei Charges Complicate Trade Talks

Earnings reports from Caterpillar and Nvidia undermined Friday’s rally in the S&P 500. AUD/USD, Asia Pacific stocks may fall next as Huawei charges complicate US-China trade talks.


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Gold: Net-Long Positions Increase from Yesterday

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


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USDJPY: 50.1% of Traders Are Net-Long

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


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S&P 500 : Net-Short Positions Decreased

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.


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GBPUSD: Traders Remain Net-Short

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


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Dow Jones’ Caterpillar Drags Index Lower on Earnings Miss

In perhaps the most important earnings week of the season, missed revenue and lower guidance saw Caterpillar and Nvidia crater and sour sentiment ahead of key earnings later in the week.


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Crude Oil Technical Price Outlook: WTI Pullback Testing Pivot Support

Crude prices are off nearly 3% since the open with oil now testing a near-term inflection zone. Here are the targets & invalidation levels that matter on the WTI charts.


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Bitcoin: Net-Long Positions Decrease from Last Week

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: 53.8% of Traders Are Net-Long

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


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FX Week Ahead: Eurozone GDP & CPI; US GDP & NFP; FOMC Meeting

GDP, CPI, NFP, FOMC - acronyms are all over the calendar in the final days of the month.


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Weekly Trade Levels for EUR/USD, GBP/USD, Gold, SPX & More

Webinar highlighting active USD trade setups we’re tracking ahead of the FOMC / NFP. Here are the updated targets & invalidation levels that matter this week.


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Sterling (GBP) Week Ahead: Brexit, FOMC and NFPs | Webinar

UK PM May’s Plan B will be under the microscope in the House on Tuesday while various amendments will be voted on. In the US the FOMC and the latest US Labour Report (NFP) dominate the second-half of the week.


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EUR Rangebound GBP Dips on Month-End EURGBP Buying

Euro continues to hover around the 1.14 handle, GBP eyes Brexit amendments, CAD pulls back on softer oil prices.


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Euro Forecast: Q4 GDP and January CPI to Underscore ECB’s Concerns

The Euro hit fresh 2019 year-to-date lows following the European Central Bank meeting last Thursday, only to find itself having staved off a soft performance by the end of the week. Upcoming Eurozone GDP and inflation data will underscore the concerns laid out by the ECB last week.


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S&P 500, Dow Jones, and Nasdaq 100 Charts Near Resistance

Major U.S. indices are in an extended state and at or near big resistance levels; how price action plays out soon will be important.


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NZD Technical Analysis Overview: NZDUSD, NZDJPY, AUDNZD

NZDUSD upside stalls at descending trendline, NZDJPY Eyes DMAs, while AUDNZD Fibo support holds for now.


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Gold Price Rallies Ahead of FOMC Meeting, US Q4 GDP Release

The price of Gold broke through the $1,300/oz. a level that has kept the precious metal capped for the last seven-months. Further upside will now depend on events in the US later in the week.


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EURUSD Range Break Unlikely, ECB’s Draghi to Reiterate Policy Stance

The Euro continues to hover around the 1.14 handle with little sign suggesting that the Euro will be on course to break its 1.13-1.15 range.


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Sterling (GBP) Retains a Soft Brexit Bid, Technicals Blocking Upside

Sterling continues to step higher and broke back above GBPUSD1.3200 recently. However, a recent pullback has highlighted resistance at an important technical level.


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Yen and US Dollar May Rise on CBO Outlook Cut, Draghi Comments

The Japanese Yen and US Dollar may rise if the CBO downgrades economic growth bets while ECB President Draghi strikes a worried note in scheduled commentary.


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British Pound in Limbo as Brexit Vote Approaches - What’s Next?

The British Pound may not move significantly until the UK parliament votes on amendments made to British Prime Minister Theresa May’s “Plan B” Brexit plan.


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Asian Stocks Mostly Higher on Trade Talks, Fed Rate Call Also Eyed

Asia Pacific stocks got a boost from hopes for progress in the US-China trade deadlock when a delegation from Beijing goes to Washington this week


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Crude Oil Prices May Pull Back After Venezuela Crisis Stokes Gains

Crude oil prices may turn lower following gains inspired by political turmoil in Venezuela as risk appetite sours across global financial markets.


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US China Trade Deal Bets Has Risks Tilted to Downside for ASEAN FX

ASEAN currencies rose versus the US Dollar as the improvement in sentiment sunk demand for haven assets. US China trade deal bets mean risks for IDR, PHP, SGD, MYR tilted lower.


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USD/SEK May Dip on Sweden’s Trade Data, US-China Talks, EU Peril

The Swedish Krona may fall on January 28 as Sweden prepares to release its Trade Balance. Slower growth in the European region may continue to weigh on economic indicators and the Krona.


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EUR/USD Technical Analysis: Bias Bearish Despite Sharp Upswing

The Euro looks to be resuming the downward trend started in January 2018 against the US Dollar, despite scoring the largest one-day rise in two weeks.


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US Dollar Tumbled as Haven Demand Ebbed, Asia Stocks May Climb

The US Dollar suffered as an improvement in sentiment sapped the appeal of haven assets. Nikkei 225 is still at risk to a bearish reversal as AUD/USD faces near-term resistance.


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Weekly Technical Forecast: Equities Continue to Drive Higher as the Dollar Slides

While broad ranges carved out by markets over the previous three months are still standing, a rise in volatility raises the stakes and probability of significant technical breaks in the coming weeks. With the Dow pushing deeper into its recovery, crude oil extending its reversal pattern and GBPUSD clearing its 200-day moving average; momentum may soon follow volatility.


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Weekly Trading Forecast: Beware Volatility Between the Fed, NFPs, GDP and Trade Wars

The fundamental environment will grow increasingly tumultuous over the coming week. We wil continue to sort through general themes like the lifting of the US government shutdown and ongoing threats of trade war and Brexit. However, we are also coming into high profile, discrete event risk as well like the Fed’s rate decision, NFPs and Euro-area GDP updates.


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Technical Outlook: S&P 500 Trendline Resistance in Focus, FTSE MIB Breaks Double Top

Descending trendline to spark inflection point for S&P 500, while FTSE MIB raises scope of pullback


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Stock Markets Look to Earnings and FOMC, DAX to Eurozone GDP

The US stock market will look to earnings from some of the major corporations like Microsoft, Amazon and Facebook. Elsewhere, the DAX will look to German employment data.


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EUR/USD Weekly Technical Forecast: Euro Breakdown a Fake-out?

The Euro broke support on Thursday with the help of the ECB but was reversed on Friday casting a shadow on the bear-flag breakdown.


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Gold Weekly Technical Outlook: Price Rally Testing Trend Resistance

Gold is testing critical down-trend resistance and we’re looking to validate a possible breakout. Here are the levels that matter on the XAU/USD weekly chart.


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Gold Prices Eye Fed Rate Decision and US-China Trade Talks Next

After Gold’s sharp rally on Friday, price rests at a crucial inflection point ahead of the Fed rate decision and US-China trade talks.


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Dollar Ends Week With Its Worst Drop in 4 Months, Still Not a Break

The Dollar was shaken out of its stasis at the end of the past week with a sharp rally on Thursday and larger tumble Friday. Despite the late fireworks, a broader range still holds. Will we finally break free this week?


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US Dollar Torn Between Domestic Strength, Global Headwinds

The US Dollar may be torn between signs of economic resilience domestically and worrying developments abroad. Another round of trade war negotiations is a wild card.


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Sterling (GBP) Weekly Technical Outlook: Preparing For Further Upside?

A good week for Sterling bulls with gains across most GBP-FX pairs. The technical outlook remains positive despite the light sell-off into the weekend.


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GBP Fundamental Forecast: Positive Backdrop, Bullish Outlook

Sterling is coming off its weekly highs heading into the weekend, but the outlook for a reinvigorated British Pound remains bullish.


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Shutdown End Lacks SPX Lift, EURUSD and GBPUSD Geared for GDP, Brexit Vote, Fed

We ended this week with a few high profile fundamental updates and unexpected volatility from certain market benchmarks. Next week, the laundry list of event risk is long. Will it lead to a proportional level of volatility?


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Crude Oil Forecast: Prices May Continue Climb on GDP Growth Recovery Bets

Factors that dragged global growth forecasts lower could subside which has potential to rejuvenate the world economy and oil demand.


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Crude Oil Forecast: Prices May Continue Climb on GDP Growth Recovery Bets

Factors that dragged global growth forecasts lower could subside which has potential to rejuvenate the world economy and oil demand.


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Crude Oil Forecast: Sharp Rebound Appears Set To Continue

The crude oil price has risen nearly 30% from the late December low, and the pace of the jump with the volatile fundamental background may continue to support further gains toward the lower $60s.


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Global Growth May Be Cooling, But Bulls Remain | Podcast

Despite a slew of worrisome headlines to close out 2018, 2019 has come into view with a decelerating growth story that hasn’t worried bulls all the much.


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AUD/USD, EUR/AUD, AUD/JPY Chart Support and Resistance Reinforced

Aside from GBP/AUD, the Australian Dollar ended the week mostly little changed against its major peers. AUD/USD, EUR/AUD and AUD/JPY support and resistance areas were reinforced.


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Trump to Pause Government Shutdown, Stocks and USD in Disbelief

President Trump caves on border funding demand after furloughed employee protest put pressure on politicians to reach bipartisan stopgap agreement.


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Foundations of Technical Analysis: Separating Observations from Noise

Using technicals to see through the fog of news and headlines. A review of our technical approach and examples that illustrate our trading methodology in practice.


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EURUSD Recovers Post ECB, GBPUSD Pulls Off Best Levels

EURUSD recovers to hover in 1.13-1.15 range, GBPUSD pulls off best levels, USD softens against major counterparts.


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Brexit Latest: EURGBP Price Set to Break Lower Charts Suggest

EURGBP is currently bouncing off a 20-month low but the relief rally may be short-lived as contrasting forces combine to push the pair even lower.


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Charts for Next Week: EUR/USD, GBP/JPY, Gold Price, Dow Jones & More

The Euro is positioned for more weakness, GBP/JPY at confluent resistance, gold price trying to hold support, while the Dow Jones eyes an important resistance zone.


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Technical Outlook for the S&P 500, Dow Jones, and Nasdaq 100

Momentum in the stock market has slowed in recent sessions, but yet to show signs it wants to turn down with any kind of major force; levels to watch just ahead.


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GBPUSD Analysis: Bullish Momentum Building as No-Deal Brexit Risks Recede

GBPUSD rises overnight amid reports suggesting DUP Party is said to back Theresa May’s Plan B Brexit if it includes time limit to Irish backstop.


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Bitcoin (BTC) Price Left Hanging After ETF Application Pulled

Bitcoin remains just above its recent multi-months lows and may slip lower on news that the CBOE has pulled its application for a BTC Exchange Traded Fund (ETF), according to a filing with the SEC.


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Gold Prices May Fall as Sentiment Swell Helps Validate Chart Setup

Gold prices may decline as improving risk appetite across global financial markets buoys bond yields, helping to validate bearish technical cues.


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EURUSD Price: Renewed Downward Pressure Hints at New Lows

A newspaper report suggesting that the German growth may be just 1.0% in 2019, coupled with recent weak German and Euro-Zone data will weigh heavily on EURUSD.


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Australian Dollar May Look Past CPI Report for the Fed and US Data

Why did the Australian Dollar fall after an upbeat jobs report? The same logic may undermine the impact of CPI data as AUD eyes the Fed and a plethora of US economic statistics ahead.


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Asia Shares Brush off Worrying Trade News From Volatile US Session

Asia Pacific benchmark stock indexes traded higher despite worrying trade news from the US earlier. Nikkei 225 still within bearish reversal pattern. Market mood might remain upbeat.


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EUR/USD Techninical Analysis: Bearish - Waiting for EU Data Dump

The Euro may fall next week as a cascade of key economic data is scheduled to be released. This comes during broader geopolitical instability in the region.


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USD/SEK May Jump on Retail Sales Data - Gloomy Outlook Ahead?

The Swedish Krona may experience some pain tomorrow as Sweden prepares to unveil retail sales data, a day after the government reported a higher-than-expected unemployment rate.


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Davos 2019: Multilateralism, Fourth Industrial Revolution Debated

A debate between globalism and protectionism stole the stage in Davos at the 2019 World Economic Forum today with insight on the Fourth Industrial Revolution.


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Will a S&P 500 Breakout Face the Same Fate as the EURUSD’s?

The Dow and S&P 500 have positioned for an inevitable break, but that does not ensure follow through. Without a clear and driving fundamental theme, we should eye indices with the same restraint that EURUSD has exhibited.


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EUR/GBP Technical Analysis: 2017 Lows Might Be on the Horizon

EUR/GBP might be on the verge of extending its near-term downtrend as the last potential critical barrier of support standing in-between it and 2017 lows gives way.


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NZD/USD Technical Analysis: Rally Fades, 18-Year Support at Risk

A brief New Zealand Dollar upswing fizzled at chart resistance, seemingly putting sellers back in charge as prices challenge critical 18-year trend support.


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EUR/USD May Extend Declines as Nikkei 225 Falls with Asia Stocks

EUR/USD may extend declines after support broke in the aftermath of the ECB. GBP spikes on the Brexit latest. Asia Pacific stocks may fall as Nikkei 225 faces a reversal pattern.


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New Zealand Dollar Weekly Price Outlook: Kiwi Coils into January Range

Kiwi has continued to contract into the monthly opening-range just below trend resistance. Here are the levels that matter on the NZD/USD weekly chart.


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Yen Pairs at Resistance: USD/JPY, AUD/JPY, EUR/JPY & GBP/JPY

Several of the pairs in the 'Yen-plex' are trading at or around resistance post-flash-crash.


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USD/JPY Forecast: RSI Clings to Bearish Trend, US Yields Remains Subdued

USD/JPY stands at risk of exhibiting a bearish behavior ahead of the FOMC meeting as long the Relative Strength Index (RSI) preserves the downward trend from late-2018.


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January Effect: US Stock Market Typically Climbs to Start the Year

History shows that strong performance in January is not uncommon for stocks, but what contributes to this anomaly?


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DXY Index Reversal Post-ECB; US-China Trade Negotiations Hit Snag

After touching a fresh weekly high, the DXY Index has quickly reversed its gains and is working on a bearish shooting star on the daily chart.


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EURUSD Price Falls as ECB’s Draghi Highlights Downside Risks

The Euro fell after European Central Bank President Mario Draghi said Eurozone risk has moved to the downside.


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EURUSD Price Stable as ECB Leaves Rates Unchanged, Draghi Up Next

The Euro was stable after the European Central Bank left all its benchmark interest rates unchanged, as expected. The next focus will be ECB President Mario Draghi’s press conference at 1330 GMT.


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GBPUSD Outlook: Positive on Talk of Brexit Deadline Extension

Despite a modest setback Thursday, GBPUSD is still close to a two-month high; it now seems settled above the 1.30 mark, paving the way for possible further gains.


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Bitcoin (BTC) Price Left Hanging After ETF Application Pulled

Bitcoin remains just above its recent multi-months lows and may slip lower on news that the CBOE has pulled its application for a BTC Exchange Traded Fund (ETF), according to a filing with the SEC.


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EURUSD Price Falls on Disappointing Eurozone PMIs, ECB Ahead

The European Central Bank is facing a dilemma ahead of its Eurozone interest rate decision. Eurozone PMIs suggest economic growth is stalling and EURUSD has fallen in response.


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EURUSD Price Likely to Face Renewed ECB Headwinds

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Yen May Rise as Euro Falls on Worried ECB, Davos Chatter, US PMI

The Japanese Yen may rise while the Euro falls as a worried ECB, anxious chatter at the World Economic Forum in Davos and soft US PMI data stoke global slowdown fears.


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Crude Oil Price Chart Hints at Top, US PMI and Davos Chatter Eyed

Crude oil prices may see soft US PMI data and worried chatter at the World Economic Forum in Davos trigger follow-through on bearish chart signal.


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Asia Stocks Rise, AUD Diverges. USD May Rise on ECB as NZD Falls

Excluding the Nikkei 225, most Asia Pacific stocks rose. Pro-risk AUD/USD fell despite a rosy jobs report. The ECB may sink the Euro to the benefit of the US Dollar as NZD/USD falls.


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The Merits and Faults of Trading or Fading the Pound Breakout

GBPUSD was the only one of the ‘majors’ that has earned a critical technical break thus far this week. Yet, this move seems to defy the broader market’s aversion to meaningful breaks not to mention the anxiety over Brexit for the Pound itself.


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NOK, SEK May Fall on Unemployment Data - OBX, OMX Vulnerable?

The Norwegian Krone and Swedish Krona may fall when each country’s respective unemployment data is released. 2019 headwinds could weigh on the OBX and OMX equity indices.


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A Questionable Pound Break, Euro Awaits the ECB, Dollar Along for the Ride

Finally, a break in the rumor-spurred volatility of trade wars and risk trends. Yet, these high level themes remain threats to instability with little warning. Meanwhile, traders’ interests have been peaked by the Pound and Euro.


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Nikkei 225 Technical Analysis: Dominant Downtrend May Resume Next

As the Nikkei 225 faces its next headwind in its near-term uptrend, a bearish reversal pattern takes the spotlight on the daily chart and hints that the dominant downtrend may resume.


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Davos 2019: Leaders Praise Globalism Amid Trade Wars, Slowdown

The 2019 World Economic Forum kicked off its annual 4-day conference in Davos, Switzerland yesterday where global leaders gathered to discuss economic policy and political agendas.


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AUD/USD Soars on Employment Data, Eyes Stocks and US-China Talks

AUD/USD surged after December’s employment data beat expectations, but prices may turn lower due to recent friction in US-China trade negotiations and falls in equities.


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AUD/USD May Fall With Asia Stocks After Wall Street Volatility

The S&P 500 recovered after US markets turned risk-averse on the latest government shutdown news, USD fell. AUD/USD may drop with Asia stocks and on an underwhelming jobs report.


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Gold: 69.9% of Traders Are Net-Long

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


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USDJPY: Sentiment Suggests a Mixed Bias

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


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Lackluster Australia Employment Report to Drag on AUD/USD Rate

Updates to Australia’s Employment report may do little to alter the near-term outlook for AUD/USD as the economy is anticipated to add 18.0K jobs in December.


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S&P 500 : Traders Remain Net-Short

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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GBPUSD: Direction Remains Unclear

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


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EUR/USD: Traders Net-Long Increases from Last Week

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


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Bitcoin: Prompts a Mixed Bias

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


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Near-term Trade Setups in EUR/USD and GBP/USD

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


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EUR/USD Rate Vulnerable to Dovish European Central Bank (ECB)

The European Central Bank (ECB) meeting may drag on EUR/USD as the Governing Council remains in no rush to remove the zero-interest rate policy (ZIRP).


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Gold Price Technical Outlook: XAU Pullback to Threaten 2019 Range Low

Gold is testing a critical support confluence at the yearly range lows. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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Oil Risks Larger Recovery as Inverse Head-and-Shoulders Takes Shape

Ongoing efforts by the OPEC and its allies may spur a larger recovery in crude oil prices as an inverse head-and-shoulders formation takes shape.


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Gold Prices Hover Near Key Support as DXY Index Stays Elevated

With USD/JPY rallying after the BOJ rate decision, the DXY Index has been able to maintain its break of the downtrend from the December high.


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3 Sterling (GBP) Pairs Traders Should Watch as Brexit Talks Continue

Sterling sentiment has taken another positive shift as Brexit deal negotiations evolve and traders should monitor these three GBP-pairs closely.


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

Global indices at risk of further short-term weakness, crude oil as well, while gold tries to hang onto an important area of support.


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FTSE Chart Analysis –Weak Price Sequence off December Low

Price action in the FTSE since finding a low at the end of the year has a corrective look to it and suggests we soon see those lows sooner rather than later.


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EURUSD Price in Danger of Break Lower as ECB Meeting Approaches

The Euro is looking vulnerable ahead of Thursday’s European Central Bank monetary policy meeting.


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Sterling Price Latest: Easing No Deal Brexit Fears Boost British Pound (GBP)

Sterling continues to push higher and may break above an important technical indicator against the US dollar.


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USDJPY Outlook: Dollar Preferred to Yen by Risk-Averse Investors

Traders are continuing to shun riskier assets in favor of safe havens but the Japanese Yen is benefiting less than the US Dollar as concerns rise about the Japanese economy.


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Yen Rise May Resume as Market Sentiment Sours Anew

The Japanese Yen may return to the offensive as market sentiment sours anew. An anxious mood at the World Economic Forum in Davos may trigger the rout.


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Global Market Volatility: Fed Insider Shares Why 2019 Could Be Pivotal

Former Federal Reserve advisor, Danielle DiMartino Booth provides insight on volatility, central banks and modern-day investing


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Gold Prices Look to Davos Economic Forum for Direction

Gold prices are looking to soundbites from the World Economic Forum in Davos, Switzerland to set the bearing for market-wide risk appetite.


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AUD/JPY Technical Analysis: Bearish Outlook for 2019

AUD/JPY may suffer as economic growth in the world - and particularly China - slows down amid broader risk in geopolitics and trade affairs.


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Brazilian Real Eyes Inflation Data, Bolsonaro Speaks at Davos

The Brazilian Real may rise on Wednesday upon the release of Brazil’s inflation report. Investors rejoiced after Bolsonaro’s speech at the World Economic Forum in Davos, Switzerland.


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Among Emerging Market Currencies, USDMXN Is a Pair to Watch

In the hierarchy of risk-connected assets, emerging markets have proven one of the most productive (bearish) markets. And, within this vast group, one of my favorite outlets is USDMXN.


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Trade War Rumors Return, S&P 500 Drops on Week’s First Session

The return of liquidity did few favors for the burgeoning risk appetite reach. A backlog of concern over Chinese GDP from Monday met fresh rumors (this time bad) on trade negotiations to trigger a retreat in risk.


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EUR/USD Technical Analysis: Trend-Defining Support Under Fire

The Euro is pressuring support guiding a two-month rise against the US Dollar, with a break lower opening the door for resumption of the longer-term down trend.


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Davos 2019: Global Growth, Political Risks Front and Center

Global leaders gather at the 2019 World Economic Forum in Davos, Switzerland which kicked off its annual 4-day conference discussing economic policy and political agendas today.


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NZD Spikes After Inflation Reported Higher Than Expected

New Zealand CPI beat expectations and reinvigorated NZD bulls on the prospect of the country's central bank growing less dovish.


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Government Shutdown Weighs on GDP, Business-Leader Confidence

As the government shutdown drags on, investors are becoming increasingly concerned with the likelihood of a recession as business leader confidence dips.


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Crude Oil Weekly Price Outlook: WTI Rally Fizzles Ahead of Resistance

Crude oil prices are vulnerable near-term after rallying more than 18% YTD to fresh six-week highs. Here are the levels that matter on the WTI weekly chart.


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Dow Jones, US Dollar Dragged Lower by Plummeting Existing Home Sales

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DXY Index Continues Push High on Back of EUR/USD Weakness

Weak German ZEW data coupled with more hopes of avoiding a no deal, ‘hard Brexit’ outcome have led the Euro lower and the British Pound higher on Tuesday.


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Sentiment Weakening Across the Financial Markets | Webinar

Market confidence is ebbing, with traders seeking the safety of haven assets at the expense of stocks and other more-risky instruments.


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Technical Analysis for USD Index, EUR/USD, Gold Price & More

The Dollar may be due to dip, Euro bounce off support, and gold rally off support before this short-term course reverses back in favor of larger moves in the other direction.


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Gold Price: Supportive Risk-Off Rally on US-China Trade Fears

The price of Gold picked up a safe-haven bid after the IMF warned of slowing global growth and renewed tensions between the US and China weighed on trade talks.


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EURUSD Price Latest: Negative Sentiment Pushing Prices Lower

EURUSD took a dip lower after the latest ZEW release showed German current conditions data falling sharply, the latest in a line of weak data and sentiment readings.


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AUDUSD Outlook: Further Falls Possible on Global Growth Fears

The Australian Dollar may have further to fall after its recent losses as concerns rise about global growth, US-China trade, the partial US government shutdown and Brexit.


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DAX 30 & CAC 40 Charts: At or Near Turning Points

The DAX is up against an important trend-line while the CAC is trading near on solid price resistance.


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US Dollar, Yen Rally May Continue as All Eyes Turn to Davos

The US Dollar and the Japanese Yen may rise further as a worried tone emerging form the World Economic Forum in Davosstokes safety-seeking capital flows.


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SEK Still Exposed to Political Risk - Lofven Reveals New Cabinet

The Swedish Krona remains exposed to political risk after PM Stefan Lofven revealed his new cabinet ministers and announced several key policy goals of the new government.


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Crude Oil Prices May Fall if Dour Mood in Davos Spooks Markets

Crude oil prices may fall as a dour mood at the World Economic Forum getting underway in Davos, Switzerland weighs on market-wide risk appetite.


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US Dollar, Japanese Yen May Rise on World Economic Forum Talks

The US Dollar and Japanese Yen may rise as the World Economic Forum (WEF) in Davos, Switzerland commences. World leaders and economists will be discussing the global outlook for 2019.


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AUD/USD at Risk as Corporate Defaults in China Soar

The Australian Dollar may be at risk as the default rate on Chinese corporate bonds skyrockets amid a slowdown in local and international economic growth.


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AUD/USD Technical Analysis: Aussie Dollar Rally Fizzles Near 0.72

A spirited Australian Dollar recovery against the currency’s US namesake has faltered above the 0.72 figure. Sellers now look for confirmation of a larger reversal.


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S&P 500 Risk Charge Hits Chinese GDP, IMF Downgrade, Trade War Damage Tally

The S&P 500 is still pointing ambitiously higher…but that is because US markets were closed Monday following Friday’s break. How will trouble reported in Chinese GDP, the IMF forecast, trade wars and Brexit play when liquidity returns?


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FX Week Ahead: Brexit Progress; NZ CPI; Aussie Jobs; BOJ & ECB Rate Decisions

The week ahead will feature UK PM May on the Brexit hot seat, ECB President Draghi massaging 2019 rate hike expectations, and US President Trump mired in the US government shutdown.


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GBP Gains After PM May’s Brexit Plan-B Statement

UK Prime Minister Theresa May approaches the House of Commons over her revised Brexit deal ahead of the January 29 deadline to reach an agreement.


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IMF Warns of Risks to Global Growth, Advance Economies to Fall Sharply

Global expansion is weakening ‘somewhat faster than expected’ according to the IMF’s latest World Economic Outlook update.


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EURUSD Rejects Resistance, AUDUSD Weighed by China Slowdown

The Euro once again failed to consolidate above 1.14. GBP traders to look towards Theresa May’s plan B.


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Sterling Week Ahead: Positive Brexit Sentiment Supporting GBP

PM Theresa May will present her Plan B to Parliament later today against a mildly-positive Sterling backdrop. Will her plan disappoint?


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Gold & Silver Price Analysis – Breakdowns Have Key Support in Focus

Precious metals rolled down out of triangle formations, this has important support levels for both gold and silver in sight.


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GBPUSD Drops Ahead of Brexit Plan B

Today’s focus will center around the UK and Theresa May presenting her Plan B Brexit plans to the House of Commons, while the debate and vote will take place on January 29th


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Crude Oil Price Eyes China Slowdown, IMF Growth Outlook Update

Crude oil is sitting between $60/bbl. and $65/bbl. and waiting for the latest IMF Global Outlook, which will likely confirm that global growth is slowing down further.


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How to read currency pairs: Forex Quotes Explained

All FX traders starting out should learn how to read forex quotes. Our guide covers the basics of reading currency pairs.


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British Pound May Rise if Alternative Brexit Deal Also Crumbles

The British Pound may rise if opposition to UK Prime Minister May’s latest Brexit deal attempt looks insurmountable on hopes that a second referendum is up next.


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Lofven Survives PM Vote, Breaks Political Gridlock - What’s Next?

Sweden’s four-month-long political gridlock was finally broken on Friday after Stefan Lofven survived a vote in the Riksdag, Sweden’s parliament.


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Crude Oil Price Rise May Stall as Gold Eyes US Shutdown, Brexit

Crude oil prices may struggle for follow-through on Friday’s spirited advance as a holiday closure in the US saps market-wide liquidity levels.


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Australian Dollar Rises as China Data Comes in Better Than Expected

The Australian Dollar rose after Chinese data crossed the wires. Major economic indicators, while not impressive, were not as poor as traders were expecting.


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Australian Dollar Rises as China Data Comes in Better Than Expected

The Australian Dollar rose after Chinese data crossed the wires. Major economic indicators, while not impressive, were not as poor as traders were expecting.


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NZD/USD Technical Analysis: NZ Dollar Looks Likely to Fall Further

The New Zealand Dollar has paused to digest amid the longest losing streak in over three months but chart positioning hints at further weakness on the horizon.


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China GDP Menacing Markets, Trade War End Would Come with Costs

Disappointing Chinese GDP data may spook investors. An end to the US-China trade war might come with hidden costs for financial markets.


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Weekly Fundamental Forecast: Trade Wars, Chinese GDP and Rate Decision Bridge Themes and Event Risk

Risk appetite continues to gain a foothold across the market spectrum, but where is this enthusiasm coming from? In the week ahead, traders should expect headlines touching upon concerns over economic activity (particularly China), monetary policy (ECB and BOJ), international trade and political stability. Few of these themes favor bulls.


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Weekly Technical Forecast: Reversals are Taking with the Equites Up Four Week and the Dollar Back with Bulls

The overwhelming sense of dread and high volatility plaguing the markets through the end of the past year is slowly starting to lift. US equities have led risk trends to a four-week recovery that has overcome key levels while the Dollar has just recently saved itself from a full bearish reversal. Will this sense of recovery continue?


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EUR/USD Weekly Technical Forecast: Euro Dropping Towards Support, Bear-flag Building

The Euro is backing down into support and may bounce, but overall a bear flag is under development and at some point likely to lead to another leg lower…


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Dow Holds on to Trade War Hopes and Earnings, Others to China GDP

The US stock market will look to trade war developments and earnings season while other global equity markets will keep an eye on Chinese GDP figures.


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Euro Forecast: Dour Mood Expected at ECB Meeting; PMIs on Wednesday

A busier week on the economic calendar should bring more attention back to the Euro, although the European Central Bank meeting on Thursday is the obvious top ticket item of the week.


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Crude Oil Forecast: Trading Higher Against 2019’s Wall of Worry

The crude oil price has climbed a wall of worry at the start of 2019, and now Brent is above $60 & WTI is above $50 with multiple supporting factors favoring the recent advance.


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Gold Weekly Fundamental Outlook: Will USD Gains and Returning Optimism Fade?

Gold price action faltered last week due to returning optimism in the markets, but is the reversal in trader sentiment here to stay?


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Gold Weekly Fundamental Outlook: Will USD Gains and Returning Optimism Fade?

Gold price action faltered last week due to returning optimism in the markets, but is the reversal in trader sentiment here to stay?


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Technical Outlook: S&P 500 Upside Limited, DAX Makes Topside Breach

Descending trendline to spark inflection point for S&P 500, while DAX breaches key resistance.


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US Dollar May Find Support as Global Outlook Worries Mount

The US Dollar may continue to find support in haven-seeking capital flows as key data from China, the EU and the IMF darken the outlook on global growth.


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US Dollar Weekly Technical Forecast: Rally Back into Consolidation Zone Improves Outlook

For the past week, the DXY Index has been moving in lockstep with stocks and US Treasury yields. There’s little reason to think that will change in the week ahead.


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GBP Fundamental Forecast: Bulls Taking Control of Sterling

Sterling rallied after PM May’s contentious Brexit bill was shot down in flames in the House of Commons and that leaves a No Deal Brexit increasingly unlikely.


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Sterling (GBP) Weekly Technical Outlook: Taking a Post-Rally Breather

A positive week for Sterling across the board ends with minor pull-backs ahead of the weekend.


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Trade Wars, Politics and Other Key Themes to Watch Next Week

Markets are driving forward despite the interference of distinctly disappointing event risk. It is important to know what dominant themes are influencing markets and where they currently stand.


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Gauging Dow and Dollar Recoveries Against Shutdown, Trade Wars and Politics

The S&P 500 has shrugged off fundamental threats to surpass the midpoint of its three-month tumble. How will Chinese 4Q GDP, the trade war and ongoing government shutdown effect this effort?


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The Aftermath of GBP and UK Assets on the Brexit & No-Confidence Vote

Listen in on a conversation between two DailyFX analysts about how trading opportunities may unfold after a handful of votes give the UK outlook a bit more clarity.


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AUD/USD, AUD/CAD Prepare for Next Big Moves as AUD/JPY May Reverse

The Australian Dollar generally struggled extending gains last week. AUD/USD and AUD/CAD may set the stage for their next big moves ahead. AUD/JPY may be on the verge of a reversal.


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Slowing China GDP to Curb AUD/USD Flash-Crash Rebound

Fresh data prints coming out the Asia/Pacific region may drag on AUD/USD as China is expected to grow at the slowest pace since the Great Financial Crisis (GFC).


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Gold Weekly Technical Outlook: Price Rejected at Downtrend Resistance

Gold has responded to slope resistance with prices snapping a four-week wining steak. Here are the levels that matter on the XAU/USD weekly chart.


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FTSE 100 Eyes Brexit Plan B, Record Chinese Stimulus Raises Alarm Bells

Concerns are continuing to mount over a slowdown in China, while UK assets yet again focus on Brexit.


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AUD/USD Technical Price Outlook: Aussie Recovery Losing Steam

A rally of more-than 6.6% off the monthly low takes Aussie just below technical resistance. Here are the targets & invalidation levels that matter on the AUD/USD charts


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Risk Assets Rejoice on New Trade Talk Hopes and Strong US Manufacturing Despite Weak Consumer Sentiment

Dow Jones and US Dollar jump to session highs as China may offer a path to eliminate its trade balance with the US in the most recent trade war development.


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USD/JPY Extends Flash-Crash Rebound, RSI Threatens Bearish Formation

The recent series of higher highs & lows in USD/JPY raises the risk for a larger correction as the exchange rate breaks out of a narrow range.


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DXY Index Inside Day Forming as Risk Appetite Improves, Gold Slips

Across asset classes, including FX, investor demand for high yielding, risk-correlated assets continues to build.


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GBP Rejects 1.30, EUR Looks to ECB, Trade War Optimism Returns - US Market Open

With the US set to have an elongated weekend with MLK day on Monday, price action in major G10 currencies has been somewhat calmer with little short-term drivers for now.


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Charts for Next Week: EUR/USD, USD/CAD, Gold Price & More

The Euro is working on carving an intermediate-term pattern, USD/CAD short-term bearish set-up, and gold on the move out of triangle.


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Lackluster Canada Consumer Price Index (CPI) to Curb USD/CAD Losses

Updates to Canada’s Consumer Price Index (CPI) may do little to alter the near-term outlook for USD/CAD as the reading is expected to hold steady at 1.7%.


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DAX 30 & CAC 40 Charts: Trying to Push Towards New Levels of Resistance

Eurozone equities continue to press higher as are other global markets despite resistance levels, this may have another set of levels in focus with continued strength.


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USDJPY Price Nudges Higher as US-China Trade Tensions Cool For Now

USDJPY has retraced around 50% of the recent three-month sell-off aided by mildly positive US-China trade chatter.


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Gold Price: Potential Upside Breakout if Support Holds

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AUDUSD Outlook: US-China Trade War Nearing the End

Overnight, equity markets and high beta currencies (AUD, NZD) initially rose on the back of reports from WSJ, suggesting that the US may consider a tariff rollback.


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What is a Pip? Using Pips in Forex Trading

A pip is the unit of measure for movements in the forex market. Learn how to identify a pip across different currency pairs.


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GBPAUD: Long Bias on Minor Retrace

An alternative Ashes clash with an out of favor Australia dollar up against a resurgent Sterling as Brexit fears are gently priced-out.


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US Dollar May Rise as Data Shows Consumers’ Mood Has Darkened

The US Dollar may rise, finding support in haven demand as data from the University of Michigan shows consumers’ mood darkened in January.


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Can Crude Oil Prices Keep Rising as China Slows? Brexit, ECB Eyed

Crude oil price gains slowed despite OPEC output cuts. The commodity is at risk to slowing Chinese GDP. With US in shutdown, oil eyes Brexit news and ECB for sentiment-linked moves.


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Will NOK Find Lifeline in New Norway Government?

Will NOK’s projected downward movement in 2019 be reduced by the newly established conservative majority government in Norway?


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Gold Prices Unable to Capitalize on US Dollar Pullback

Gold prices are struggling for direction as the US Dollar shows itself to be the more explicit risk-off asset, trading inversely of Treasury bond yields.


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SEK Traders Now Turning Heads Away from Riksdag to Riksbank?

With the end of the gridlock in sight, SEK traders will now have to worry less about the political risk in Sweden and can divert their full attention to the Riksbank’s policy.


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EUR/USD Technical Analysis: Euro Sellers Take Aim at Key Support

The Euro has slumped back toward key support after failing to make good on an upside range break. Clearing this hurdle may mark long-term downtrend resumption.


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US Rolling Back Tariffs Rumor May Fuel Risk Aversion in Asia Trade

Stocks, foreign exchange markets went for a wild ride on rumors of US rolling back Chinese tariffs. Ensuing disappointment may fuel risk aversion next as S&P 500 futures point lower.


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Netflix Misses on Q4 Earnings, Shares Slump but Lack Familiar Volatility

Shares of the media streaming and production company Netflix traded lower after a near-miss on fourth quarter earnings. Despite the miss, Netflix’s volatility was muted.


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US Stocks Temporarily Soar on Rumor US May Roll Back Chinese Tariffs

US stocks go on a roller coaster ride as conflicting trade war headlines cause markets to whipsaw.


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GBP/USD Price Outlook: Pound Testing Key Resistance Amid Brexit Talks

Cable is up 1.6% YTD with price testing major trend resistance as Brexit talks break down. Here are the targets & invalidation levels that matter on the GBP/USD charts.


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Gold Prices Vulnerable Ahead of FOMC as Bullish Momentum Abates

Gold stands at risk for a larger pullback ahead of the Federal Reserve meeting as the bullish momentum appears to be abating.


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GBPCHF Price Chart: Potential for Break to the Upside

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No News is Good News for the US Dollar; Pound Edges Higher

The US economy was starting to slow at the end of Q4’18, and the government shutdown is doing no favors for growth momentum.


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GBP Jumps on 2nd Referendum Hint, Oil Drops Amid OPEC Report - US Market Open

Safe haven demand is supporting the Japanese Yen this morning, which outperforms vs G10 currencies. GBP Jumps as Jeremy Corbyn hints at second referendum.


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Fundamental vs Technical Analysis: Which is Better at Predicting Market Prices?

Some market forecasters swear by technical analysis; others look only at the fundamentals. So which are better at anticipating future asset-price movements?


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Fundamental vs Technical Analysis: Which is Better at Predicting Market Prices?

Some market forecasters swear by technical analysis; others look only at the fundamentals. So which are better at anticipating future asset-price movements?


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Brexit Latest: ’Hundreds of Thousands of Jobs’ at Risk - German BDI

The influential German industry body, BDI, has warned that a Hard Brexit would jeopardize hundreds of thousands of jobs in Germany and the UK.


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Gold Price Analysis: Bullish Breakout on Horizon Amid Golden Cross

Consolidation has been the trade for Gold since the beginning of the year, with prices continuing to oscillate between $1280 and $1295. However, bullish breakout is on the horizon.


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EURGBP Price: Close to Support, Rally Now Possible

The EURGBP cross remains in a downward trend but is well placed to rally after touching its lowest level since late November last year.


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FTSE Chart Analysis – Pressure on for Now, Watch for Higher Low

The recent reversal around resistance keeps a lid on the FTSE for now but a higher low may soon form; headlines are an obvious risk factor to be mindful of.


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EURUSD Price May Fall Further as Inflation Remains Low

EURUSD is likely to come under further selling pressure before and after the latest Euro Zone inflation release, which is expected to show price pressure remaining weak.


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Yen, US Dollar Rise as Market Mood Sours Despite China Stimulus

The anti-risk Japanese Yen and US Dollar rose as a burst of monetary stimulus from China failed to allay global slowdown fears. More of the same looks likely ahead.


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SEK to Jump on Friday’s PM Vote: Gridlock Breakthrough in Sight?

SEK may rise on Friday following a prime ministerial vote on Stefan Lofven, who has possibly secured sufficient support to survive the vote in the Riksdag after months of gridlock.


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European, US Stocks Brace as S&P 500 Futures Weaken in Asia Trade

Nikkei 225 declines seemed to capture most of the pessimistic mood in markets following the charges against Huawei. S&P 500 futures decline, hinting more FX risk aversion to come.


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Crude Oil Prices at Risk on Mounting Global Slowdown Worries

Crude oil prices may be pressured lower amid growing worries about headwinds menacing global growth as the US government shutdown and trade war with China continue.


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EUR/GBP Technical Analysis: New Downtrend Faces Chart Support

The Euro is quickly losing ground against the British Pound after a rising support line was breached, EUR/GBP faces its next test to extend its new downtrend to November 2018 lows.


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Jeremy Wagner, CEWA-M Gives you Insight on Advanced Technical Analysis

Elliott wave specialist, Jeremy Wagner, shares his early trading experience and insight into Elliott wave theory in this podcast interview


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S&P 500 Returns to its Critical Break Point, Pound Steady Through Second Vote

The S&P 500 and Dow are moving back up to the levels that triggered the critical bearish breakdown for both over a month ago. Will themes like the shutdown and trade wars offer a cue or perhaps Netflix earnings can step up?


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Brazilian Real Bulls Eyeing Economic Activity Data - What’s Ahead?

BRL bulls will be eyeing this week’s economic activity report to gauge the country’s economic strength. This is particularly important given the new government’s ambitious reforms.


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S&P 500 May Reverse, Concerning Huawei News Can Fuel Risk Aversion

The Australian, New Zealand Dollars fell with the FTSE 100 in the aftermath of the Brexit deal vote. Latest Huawei news might have set the S&P 500 for reversal, Asia stocks at risk.


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Gold Price Technical Outlook: Targets for Pending XAU/USD Breakout

Gold prices are poised to breakout of a multi-week consolidation range. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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USD/JPY Flash-Crash Rebound Fuels Expansion in Retail Short Exposure

The USD/JPY flash-crash rebound appears to be spurring a shift in retail interest, with the recovery in the exchange rate fueling a jump in net-short exposure.


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Brexit Update: Theresa May Survives Vote of No Confidence, GBP Rises

The ongoing Brexit debacle looks set to head back to Brussels for further negotiations after a failed vote of no-confidence in Prime Minister Theresa May.


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European Political Tensions Helping Keep DXY Index Afloat

Attention remains on European politics, with no-confidence votes due out from Greece and the UK today.


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EUR/USD Technical Price Outlook: Euro Testing Lower Bounds of Support

Euro is off more-than 1.4% from the monthly high with price now approaching uptrend support Here are the targets & invalidation levels that matter on the EUR/USD charts.


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USD/CAD Forecast: Bear-Flag Take Shape Amid Less-Hawkish Fed Rhetoric

Recent price action raises the risk for a further decline in USD/CAD as the exchange rate carves a bear-flag formation.


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

Global indices remain strong but at risk of a pullback soon, gold seeking pattern breakout, and crude oil looks headed for a choppy phase with a bearish bias.


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AUD and NZD Underperform on Chinese Warning, GBP Steady - US Market Open

Pound has held rather steady since the large defeat for PM May and her Brexit plans, while AUD and NZD underperform on China warning.


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Grey Swans: Low Probability Events to watch for in 2019

“Grey swans” are events still unlikely to transpire, but if they were to, there would be profound consequences for financial markets.


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Brexit Roundtable Webinar: Outlook for GBP and London Stocks

In this webinar, three of the DailyFX UK-based analysts discuss the outlook for the British Pound and London stocks after the historic Brexit defeat for the UK Prime Minister.


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USD Index (DXY) Price Outlook Positive Despite Negative News

The US Dollar continues to shrug off concerns about US-China trade, the partial US government shutdown and a more dovish Federal Reserve, suggesting its recent strength may persist.


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Trading Outlook for the S&P 500, Dow Jones, and Nasdaq 100

The market continues to push higher but at some point resistance will matter and put the powerful bounce off the lows to the test.


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Crude Oil Price Braced By Supply Cuts And Fresh Chinese Stimulus

Crude oil continues to build a base around $60/bbl. aided by tighter market conditions and additional Chinese stimulus measures.


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EURUSD Analysis: Draghi Sets Downbeat Tone, Notorious Fed Hawk Follows Doves

President Draghi provided some more dovish signals ahead of next week’s ECB meeting, while notorious Fed hawk follows doves.


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Top 5 Emerging Market Currencies & How to Trade Them

Learn about the leading emerging market currencies, how to trade them and how they differ from major currencies.


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Sterling (GBP) Price: Brexit Vote Impact on GBPUSD and EURGBP

Sterling remains better bid and is likely to push higher despite UK PM Theresa May’s heavy Brexit bill defeat last night. Ahead, a vote of no confidence in the UK Prime Minister.


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GBPUSD Price: On the Way Up as Chances Rise of a Brexit Extension

The likelihood that the UK will postpone its date to leave the EU from March 29 has increased considerably, potentially a positive development for the British Pound.


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Pound May Extend Gains as PM May Survives No-Confidence Vote

The British Pound may rise if UK PM Theresa May survives a no-confidence vote, clearing away an obstacle along the way toward a second Brexit referendum.


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Asia Stocks Lack Upside Momentum, Nikkei 225 May Be Heading Higher

Despite the S&P 500 rising, Asia Pacific stocks traded mixed. More bets of Chinese economic stimulus appeared to help tame market pessimism. Nikkei 225 may be heading for more gains.


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Gold Prices Might Make Good on Signs of Topping on Fed Beige Book

Gold prices might make good on technical signs of topping if the Fed’s Beige Book survey echoes recent improvement in economic news flow, boosting rate hike bets.


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Amid Brexit Volatility, Trade War Pain, Earnings - Volatility but No Direction

There is an overabundance of high profile fundamental risk floating in the global markets. Yet despite the potential this would insinuate for the markets, volatility is refusing to settle on a clear direction.


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A Pound Rally on May’s Brexit Proposal Defeat?

Parliament dealt Prime Minister May a sound – record – defeat on her Brexit proposal Tuesday. Normally, this would be grounds for an epic Sterling tumble, yet the currency did exactly the opposite. Why?


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US Dollar to Gain Against the Philippine Peso, Malaysian Ringgit?

Some ASEAN currencies may succumb to gains in the US Dollar next as the Malaysian Ringgit and Philippine Peso weaken. USD/SGD remains in a downtrend, USD/IDR consolidating.


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NZD/USD Technical Analysis: A Top in Place Above 0.68 Figure?

The New Zealand Dollar may be ready to re-engage the downtrend against its US counterpart after a rebound stalled above the 0.68 figure.


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GBP Gains on Rejected Brexit Vote Amid Curbed Volatility

GBP/USD leapt on news that British Prime Minister Theresa May’s Brexit deal was defeated in the UK House of Commons by a landslide, losing 432-202.


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GBP/USD, Stocks Up on Market Hopes for Second Brexit Referendum

GBP/USD, stocks rose after the markets welcomed UK Prime Minister Theresa May losing the vote on her Brexit deal. Nikkei 225 may gain with Asia stocks as Japanese Yen falls.


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GBP Gains on Rejected Brexit Vote Amid Curbed Volatility

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Brexit Vote: PM May’s Bill Defeated 432-202; GBP Volatile around Intraday Lows

After hitting an intraday high of 1.2915 earlier, GBP/USD touched as low as 1.2669 following the vote results.


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Sterling Weekly Price Outlook: GBP/USD Recovery Faces Moment of Truth

The Pound recovery has failed just ahead of key technical resistance and leaves the advance vulnerable. Here are the levels that matter on the GBP/USD weekly chart.


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EUR/USD Snaps Bullish Sequence, RSI Clings to Upward Trend

The recent breakout in EUR/USD appears to be unraveling, with the exchange rate at risk of facing further losses it snaps the bullish series from the previous week.


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Forex Market Size: A Traders Advantage

The FX market is the biggest and most traded worldwide. Read our guide to forex market size, trading volume and liquidity and how to take advantage.


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FX Markets Await Key Brexit Vote; DXY Index Rallies, GBP Stalls

Weakness in both the British Pound and the Euro has helped fuel a US Dollar rebound on Tuesday.


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Trading Outlook for EUR/USD, DAX 30, Gold Price & More

The Euro is failing to hold onto its breakout and at risk of more choppiness or outright declining, the DAX is up against resistance, while gold's sideways price action points to a move soon.


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PM May Set for Brexit Vote Defeat, Germany Avoids Technical Recession - US Market Open

All eyes on the meaningful vote for GBP traders. Option markets are suggesting an implied move of roughly 1% in GBPUSD.


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Positive Sentiment Continues to Creep Back Into Markets | Webinar

Rising hopes that the Chinese government will act to boost its domestic economy and that a US-China trade war can be averted are boosting confidence in the financial markets.


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EURUSD Price Latest: Heading Lower on Weak German Growth Data

EURUSD makes a fresh one-week low, driven by news that German growth fell to a five-year low.


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GBP Price: Upward Trend May Continue After Brexit Vote

GBPUSD has been climbing gently for the past month and that trend may persist after Tuesday evening’s Brexit vote in the UK Parliament.


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FTSE 100 vs FTSE 250: How Brexit Vote Will Impact

The focus today will be on the meaningful vote, in which PM May will be hoping to get her withdrawal agreement passed parliament.


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Sterling (GBP) Technical Outlook: GBPUSD, EURGBP, GBPNZD

Sterling remains volatile ahead of tonight’s meaningful Brexit vote but still may offer opportunities in the days ahead. Here we look at three different Sterling set-ups.


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Pound May Celebrate Brexit Deal Defeat as US Dollar Gains on PPI

The British Pound may celebrate the defeat of a Brexit deal championed by Prime Minister Theresa May. The US Dollar may rise as wholesale inflation surges.


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Crude Oil Prices Eye EIA and API Data, Gold Prices May Fall

Crude oil prices are looking to a short-term outlook from the EIA and inventory data from API for direction cues. Gold prices may fall as yields rise.


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GBP/USD to Fall on Likely Brexit Deal Rejection - What’s Next?

The British Pound may fall as the British Parliament gathers Tuesday night to vote on Theresa May’s Brexit plan. It is likely to be rejected...But where will negotiations go after?


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ASX 200 Technical Analysis: Ending the Dominant Downtrend?

The ASX 200 may overturn its dominant downtrend as it completes a bullish reversal pattern on the daily chart. While it may rise to 5,942, pushing through resistance may be tough.


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USD/SEK to Rise on Political Gridlock - Swedish Snap Election in Sight?

USD/SEK will likely continue to trade higher as Sweden faces the increasing possibility of a snap election as likely PM candidates face an almost-certain defeat.


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AUD/USD Technical Analysis: Aussie Down Trend Ready to Resume?

Near-term Australian Dollar chart positioning hints the currency may on the cusp of resuming the down trend against its US counterpart after a spirited recovery


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AUD/JPY Resistance Held on Latest US China Trade, Brexit News

AUD/JPY price resistance held after the latest US China trade, Brexit news. The S&P 500 fell in the aftermath of dismal Chinese economic news flow. Asia Pacific stocks may drop next.


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FX Week Ahead: Brexit Vote; Inflation Data from Canada, Japan, & UK

Attention will be on the UK through midweek, while traders will be hard pressed to find meaningful US economic data during the US government shutdown.


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Gold:Traders Remain Net-Long

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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How to Know If You Are Invested in the Right Emerging Market

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AUD/USD Open Range Favors Flash-Crash Rebound Amid Shift in Sentiment

The AUD/USD rebound from the flash-crash low (0.6745) may continue to materialize over the near-term as the pickup in volatility spurs a shift in retail sentiment.


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USDJPY: 56.4% of Traders Are Net-Long

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


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S&P 500 : Traders Increase Their Net-Short Positions

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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