US Dollar May Rise as Data Casts Doubt on Dovish Fed Outlook

The US Dollar may rise as incoming economic data casts doubt on the markets’ dovish Fed policy outlook even amid mounting evidence of slowing global growth.


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Data-Dependent Fed Has Gold Prices Eyeing US NFPs, ECB and BoC

Gold was more at risk to a bearish reversal last week as US GDP data boosted the US Dollar. Ahead, XAU/USD eyes US non-farm payrolls as well as the ECB and BoC rate decisions.


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Asian Stocks Gain Despite Another Weak China PMI, US Data Eyed

Asia Pacific equity investors clearly found enough good news around as the week wound down to offset the day’s key economic numbers, which came in rather weakly.


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What Could be the Market Impact of Escalated India-Pakistan Tensions?

The escalation of Indian-Pakistani tensions could worsen and potentially destabilize the region, dampening global sentiment during a time when risk aversion appears to be the default.


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Gold Prices Break Chart Support, May Keep Falling on US Data

Gold prices have broken chart support, hinting a trend reversal is at hand. Incoming US economic data may light the fuse for a selloff if it boosts the Dollar.


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S&P 500 Still Not Committing to Reversal, Pound Run Slows and Dollar’s Questionable

The S&P 500 and Dow may have triggered overt technical reversals, but that is not providing any sort of follow through. Will Fed speculation move the Dollar or than GDP was able and is the Brexit recovery spent?


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AUD/USD Rate Outlook Mired by Risk of Bearish RSI Signal

AUD/USD may face a more bearish fate over the coming days if the Relative Strength Index (RSI) fails to preserve the upward trend from earlier this year.


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US Dollar Eyeing Breakout after Muted Action on Fed Chair Powell

The US Dollar is on the eve of a breakout to find its next path in the short-term after Fed Chair Jerome Powell couldn’t offer it a direction after better-than-expected GDP data.


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US GDP Fueled Gold Price Reversal Risk, USD Awaits Jerome Powell

Better-than-expected US GDP boosted the US Dollar as gold prices tumbled. JPY/CHF fell as geopolitical risks in Asia rose. Equities may pause declines, all eyes on Jerome Powell.


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Gold Price Technical Outlook: XAU/USD Correction Underway

Gold is down nearly 1.2% this week with price on the defensive into the close of the month. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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Chinese Yuan Takes Spotlight - Investors Buy as China Borrowing Jumps

Is the narrative of global investing themes shifting from a certain bear market to possibly setting the stage for new highs in equity indices in 2019 for the US and a significant reversal for global indices that had a rough 2018? The DailyFX Podcast breaks down these themes and more.


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Dow Jones Will Look to Inflation Data, Fed Expectations on Friday

With US GDP data released, domestic equity markets will look to the next big indicators on the calendar to guide price action into the weekend.


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S&P 500 : Traders Remain Net-Short

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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USDJPY: Traders Net-Short Decrease By 5.6% from Last Week

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


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GBPUSD: Net-Short Traders Are 35.7% Higher from Last Week

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


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EUR/USD: Sentiment Suggests Price May Soon Reverse

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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EURUSD: Overnight Implied Volatility Jumps Ahead of Friday’s Data

Eurozone and U.S. economic data on tap tomorrow sets up the EURUSD for heightened price action on the back of implied volatility that has nearly doubled since last Friday.


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FX Price Action Setups in EURUSD, USDCAD and AUDUSD

This webinar looks at a series of price action setups across FX, Gold, Oil and US equity indices.


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Bitcoin: 81.7% of Traders Are Net-Long

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


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Gold:Traders Remain Net-Long

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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NZD/USD Technical Price Outlook: Kiwi Consolidation Narrows

Kiwi turned from yearly range highs yesterday with the reversal threatening a further loss. Here are the targets & invalidation levels that matter on the NZD/USD charts.


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Gold Price Forecast: Bullish Momentum Unravels Following US GDP Report

The failed attempt to test the 2018-high ($1366) may generate a larger correction in the price of gold as the bullish momentum starts to unravel.


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US Dollar Gains on GDP Data, GBPUSD Losses May be Fleeting

GBPUSD is backing off after Q4 GDP data beat market expectations. Sterling however remains firm and any short-term sell-off in cable may open fresh, bullish, opportunities.


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EURUSD Continues Towards Range Resistance; GBPUSD Breakout Stalls

The US Dollar is catching a bounce after this morning's US GDP release; but will this be enough to turn this week's tide of a US Dollar pullback?


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How Market Sentiment & Confidence Releases Can Improve Your Trading

The economic calendar is sprinkled each week with confidence data that traders should pay attention to. These forward-looking indicators can predict GDP growth and therefore interest rates and exchange rates.


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EURUSD Short-term Chart Wedging Towards a Resolution

The Euro has been funneling higher the past couple of weeks, it smacks of bearish corrective price action; but either way EURUSD looks set to see an uptick in volatility.


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Further GBPUSD Gains Likely Limited Near-Term

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EUR/USD Rate to Eye Monthly-High on Dismal U.S. GDP Report

The U.S. Gross Domestic Product (GDP) report may push EUR/USD towards the monthly-high (1.1489) as the growth rate is expected to slow to 2.2% from 3.4%.


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USD Wobbles on Technical Support Ahead of Q4 GDP

The US dollar index is treading water ahead of the latest look at US growth, while a handful of Fed members will also be speaking during the session.


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GBPUSD Price Analysis: No-Deal Brexit Likely Avoided

GBPUSD may see 1.35 on Brexit delay as likelihood of no-deal risks recede.


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AUDJPY Price Eases But No Panic Selling Despite Geopolitical Tensions

The AUDJPY cross rate, seen as a good indicator of market sentiment, is slipping back but there has been no panic selling despite a host of unfavorable political developments worldwide.


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US Dollar May Follow Yen, Franc Higher as Market Mood Sours

The US Dollar may follow the Japanese Yen and Swiss Franc higher as US GDP data amplifies fears about policy support amid global slowdown and shaky geopolitics.


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FTSE Technical Analysis – Rolling Over Towards Confluent Support

The FTSE has been slowly rolling over from resistance, next up on the radar is support via a couple different angles; traders must still be on the watch-out for Brexit headlines.


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Gold Price Analysis, Chart and Pivot Points

Gold may re-test resistance around $1,328/oz. after US - North Korea talks fail to produce a deal.


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Are Financial Markets Too Optimistic As Growth Crumbles?

Another day, another feeble economic data point from a major economy. As China’s manufacturing sector contracts again, markets may be pinning too much hope on a trade deal.


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Crude Oil Prices May Fall on Soft Fundamentals, Risk Aversion

Crude oil prices may retreat as a monthly EIA report and testimony from IEA Director Fatih Birol highlight soft supply/demand fundamentals while risk appetite fizzles.


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Asia Stocks Wobble as Trump-Kim Summit Cut Short, S&P 500 at Risk

Asia stocks wobbled as sentiment remained fragile, Nikkei 225 futures aimed lower after the Trump-Kim summit was abruptly cut short. S&P 500 futures hint of a top ahead of US GDP.


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EUR/USD Technical Analysis: Is the Euro Preparing to Turn Lower?

The Euro is showing signs of topping across multiple chart time frames, hinting that resumption of the 14-month drop against the US Dollar might be close at hand.


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Japanese Yen Technical Analysis: USDJPY Uptrend Still Worth Tracking

The Japanese Yen is stuck under broad pressure against the US Dollar and is likely to remain in this position for as long as risk appetite can hold up.


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USD/MYR, USD/IDR and USD/PHP May Reverse. SGD Sits Within Support

The US Dollar could be preparing to launch a recovery against the Malaysian Ringgit and Indonesian Rupiah. USD/PHP may turn higher as USD/SGD finds itself sitting within key support.


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S&P 500 Tips Breakdown as Trade Wars Lift and Market Prepares for US GDP

Trade wars and Brexit risks have faded significantly, but does that give the S&P 500 and Pound clearance for unchecked trends? Meanwhile, top event risk in US GDP will change the balance of key themes.


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Australian Dollar Wilts As China Manufacturing PMI Contracts Again

The Australian Dollar had been bouyed up by strength in domestic capital spending but it fell back sharply on news that Chinese manufacturing contracted once again this month.


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British Pound Rally Resumed. AUD/USD Eyes Capex, China PMI Data

Brexit news kept the British Pound rally alive as EUR/GBP’s dominant downtrend resumed. The S&P 500 barely closed lower amidst fragile sentiment. AUD/USD looks to key data.


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GBPUSD: Currency Volatility Curbed by Possible Brexit Delay

GBP implied volatility is on the decline for the 1-month forex option contract that expires on the March 29 Brexit deadline.


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Dow Jones, S&P 500 Await US Q4 GDP and Trade War Clarity

Thursday is a pivotal day for US equity sentiment and price action as the highly anticipated GDP data for the fourth quarter is released.


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DJIA: Dow Softens From 2019 Highs as 26k Re-Test Continues

US stocks have been on a strong run this year, but price action has started to test below a bullish trend-line, which may soon open the door for reversal potential.


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EUR/USD Rate Forecast: 2019 Range in Focus Ahead of ECB Meeting

Recent price action in EUR/USD brings the monthly-high (1.1489) on the radar as the exchange rate tracks the range from earlier this year.


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GBPUSD: Cable Rally Goes Overbought on Run to Seven-Month Highs

The British Pound has put in a breakout on diminishing pessimism around Hard-Brexit. But with the pair now showing oversold RSI, can bulls continue to drive?


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New Zealand Dollar Weekly Price Outlook: Kiwi 2019 Range Compression

Kiwi is coming off the yearly highs with price continuing to consolidate within the January opening-range. Here are the levels that matter on the NZD/USD weekly chart.


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USD/CAD Weighed by Sticky Core CPI- Canada GDP Report Up Next

USD/CAD slips back below the 200-Day SMA (1.3152), with the exchange rate risk for further losses ahead of Canada’s GDP report.


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Brexit Latest: Key Amendments to be Voted on by UK MPs

Today will see yet another round of votes on a series of amendments, which typically takes place from 1900GMT.


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GBPUSD Surges on, USD Downtrend Continues, USDCAD at Key Support - US Market Open

The Pound continues to power on with GBPUSD reclaiming 1.33 as no-deal risks continue to recede. CAD benefits from oil gains, while USD selling persists.


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US Dollar Tests 96 Support Ahead of Day Two of Powell Testimony

The US Dollar has been in retreat since yesterday’s Powell testimony, keeping the door open for a continuation of the longer-term range in EURUSD.


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Trading Outlook for Gold Price, Crude Oil, Dow Jones, DAX & More

Gold is looking to test important trend support, crude oil trend under fire; Dow Jones ran into resistance along with the DAX, suggesting weakness ahead.


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GBPUSD Price Analysis, Chart and Pivot Points

GBPUSD continues to push ever higher and is threatening initial pivot point resistance as positive Brexit sentiment holds sway.


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

Updates to Canada’s Consumer Price Index (CPI) may curb the recent decline in USD/CAD as the headline reading is expected to slow to 1.4% from 2.0% per annum in December.


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CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY

USDCAD continues to edge lower, eyeing key support. CADJPY upside may be limited with topside resistance ahead.


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3 Types of Forex Analysis

We round-up the best forex analysis techniques: fundamental, technical and sentiment and how to apply them.


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EURUSD Still Trending Higher Despite Poor Eurozone Confidence Data

EURUSD continues to advance within the well-defined channel in place since February 15 despite weak Eurozone confidence figures that emphasize the slowdown in the region’s economy.


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Gold & Silver Price Charts – Test of Trend Support Nearing

Precious metals have been 'out of play' the past few days, but an important trend-line test may be around the corner for gold.


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GBPUSD Price Continues To Push Ahead Strongly, Brexit Debate in Focus

Sterling looks to have broken decisively above the 1.32 level ahead of more Brexit votes in the UK Parliament as the chances of a no-deal Brexit recede and the prospect of a delay in leaving rises.


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Gold Price: Building Momentum on Weak USD, Growing Nuclear Risk

Gold is looking likely to move higher again, helped by a slightly weaker US dollar and escalating conflict between nuclear powers India and Pakistan.


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US Dollar May Rise on India, Pakistan Clash and Powell Testifies

The US Dollar may rise as a clash between India and Pakistan drives haven demand while comments from Fed Chair Powell clash with the markets’ dovish outlook.


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Yen Jumps as Pakistan Downs Two Indian Jets, Spooking Markets

The Japanese Yen spiked higher and US stock futures dropped on reports Pakistan has downed two Indian fighter jets, spooking financial markets.


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Gold Price Chart Hints at Topping as Powell Testimony Continues

Gold prices failed to capitalize on US Dollar weakness on Day 1 of Congressional testimony from Fed Chair Powell. The chart setup hints at topping with Day 2 at hand.


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Asian Stock Markets Gain As Investors Look to Trump, Kim Summit

There was plenty of green on Asia Pacific mainboards despite a shaky US lead as trade -settlement hopes endure and President Trump gets ready to meet North Korea’s Kim.


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EUR/USD Vulnerable to France GDP, Italian Confidence Indicators?

EUR/USD will be eyeing tomorrow’s GDP report out of France and key economic indicators out of Italy as the country contends with a technical recession.


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A Skew on the Pound’s Potential Via Brexit Near-Term

UK PM May has curbed the anticipated impact of today’s Parliamentary session, but Brexit remains a top concern for Pound and capital market traders. What scenarios should we prepare for and where are the opportunities?


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Nikkei 225 Technical Analysis: Uptrend Holds But May Be Tiring

Like many other developed market indexes the Nikkei 225 remains well within its dominant 2019 uptrend while showing signs of exhaustion all the same.


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EUR/GBP Technical Analysis: Brexit News Revives Dominant Downtrend

The latest Brexit news sent EUR/GBP crashing through support, opening the door to resuming the dominant downtrend from January once confirmation is achieved via another close lower.


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Dow Jones Trade War Momentum Ebbs, Dollar Sinks on Powell, Pound Surges Amid Brexit Talk

More significant movement was registered in the global markets this past session from risk assets, the Dollar and Pound. Yet, it didn’t exactly align to what a rudimentary analysis would suggest. What should we focus on ahead?


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Australian Dollar Eyeing China PMI Data - Trade War on Back Burner?

The Australian Dollar will be watching China’s upcoming manufacturing PMI report on Wednesday against the backdrop of new developments in the US-China trade war.


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Brexit Latest Bolsters British Pound, S&P 500 Looking More Weak

Fading chances of a ‘no-deal’ Brexit caused the British Pound to outperform. Asia Pacific stocks may aim lower after Wall Street couldn’t hold onto gains despite supportive news again.


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USDCAD: Implied Volatility Depressed Despite Upcoming Event Risks

One-week implied volatility for the USDCAD appears subdued despite significant upcoming event risk.


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New Zealand Dollar Trades Lower on Disappointing Trade Data

The New Zealand Dollar traded lower after disappointing trade balance figures for the country were released.


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Brexit Vote Uncertainty May Weigh on FTSE 100, Firms’ Exit Plans

Wednesday’s Brexit dealings could adversely impact the FTSE 100 as companies look to shift more employees to continental Europe amid prolonged uncertainty.


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FX Price Action Setups: EURUSD, USDJPY and USDCAD

The US Dollar has reversed around this morning's testimony from FOMC Chair, Jerome Powell. The big question now is for how long might that run?


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Crude Oil Weekly Price Outlook: WTI Turns from 2018 Trend Resistance

Crude oil turned from technical resistance this week with the price decline now testing a key support pivot. Here are the levels that matter on the WTI weekly chart.


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Bullish USD/JPY Momentum Continues to Abate Following Powell Testimony

The limited reaction to the semi-annual Fed testimony with Chairman Powell raises the risk for a larger USD/JPY pullback as the bullish momentum continues to abate.


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US Dollar Falls From Fibonacci Resistance as Powell Pop Faded-Out

An initial move of strength in the US Dollar has been soundly faded-out, begging the question: Are USD-bears on the cusp of re-gaining control of the currency?


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Stocks Gain on Consumer Confidence Rebound but Eye Fed Testimony

The Dow Jones Industrial Average and S&P500 are reversing losses from early trading in response to the strong rebound in US Consumer Confidence.


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Oil Trading Strategies with Futures Trader Tracy Shuchart| Podcast

Learn about oil trading strategies with our podcast guest Tracy Shuchart.


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Brexit and the Customs Union: What Leaving Could Mean for FX Traders

Explore the different custom unions and what it could mean for FX traders if the UK leaves the EU Customs Union.


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Fed Powell Testimony Reiterates Patience on Rate Hikes, USD Muted

The USD saw somewhat of a tepid reaction following Fed Chair Powell’s testimony which offered little in the way of new policy signals.


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GBPUSD Gains on Brexit Delay, USDJPY Rejects 200DMA - US Market Open

The Pound is the notable outperformer this morning, hitting a 19-week high above 1.32, which saw EURGBP edge towards the lowest level since May 2017.


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US Dollar Price Erosion Yet to Return into Triangle; Key Brexit Date Set

Geopolitical developments in all corners of the world have global financial markets in a state of trance on Tuesday.


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Market Sentiment Still Positive Despite USD Weakness | Webinar

Financial market traders remain broadly confident even though the US Dollar remains under downward pressure and the oil price is off its recent highs.


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Technical Analysis for EURUSD, AUDNZD, Gold Price, S&P 500 & More

The tight trading range in EURUSD set to break very soon, AUDNZD path of least resistance remains lower, gold looking heavy, and the S&P coming off resistance.


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Sterling (GBP) Soars: No Deal Brexit Talk Sidelines BoE Testimony

Sterling is surging to multi-month highs as a No Deal Brexit becomes increasingly unlikely, pushing the latest BoE testimony to the Treasury Select Committee into the background.


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DAX 30 & CAC 40 Charts Favor Sellers at this Juncture

The DAX and CAC are both at big resistance levels and with the U.S. markets also at their own respective levels, weakness is seen as a developing theme in the days ahead.


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EURUSD Price: Analysis, Chart and Pivot Points

EURUSD has traded in a 365-basis point range since mid-October 2018 as volatility slows in the markets largest FX-pair. Inside this range, pivot point analysis can help identify daily support and resistance levels.


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Currency Carry Trade: What is it and how does it work?

Currency carry trades take advantage of the differences in two country's interest rates. Learn how to calculate and implement this strategy


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Crude Oil Analysis: Risk of Larger Drop if Trump Mulls Emergency Stockpile Release

Crude oil futures dropped as much as 3% yesterday after President Trump warned OPEC that oil prices are getting too high. Consequently, weakening oil related currencies, including CAD and NOK.


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Yen and US Dollar May Rise on Powell Comments, Pound Eyes Carney

The Yen and US Dollar may rise as Fed Chair Powell stokes rate hike bets and sours risk appetite. The British Pound is eyeing comments from BOE Governor Carney.


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GBP Price Outlook: Sterling Technically Positive, Brexit Optimism Rises

The British Pound is in a good position technically to extend its recent gains as a delay to the March 29 Brexit date becomes increasingly likely.


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EURGBP: Critical Support Nears as Sterling Rallies

EURGBP is within touching distance of hitting levels last seen in May 2017 as the Sterling strength drives the pair lower.�


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Crude Oil, Gold Prices May Fall on Fed Chair Powell Testimony

Crude oil and gold prices may fall if Congressional testimony from Federal Reserve Chair Jerome Powell lifts the US Dollar.


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Stocks Eye Powell Testimony, Technical Signs Hint S&P 500 May Top

Asia Pacific stocks fell as upside momentum on upbeat US-China trade news dissipated. Markets eye Fed Chair Jerome Powell as technical warning signs hint the S&P 500 may top.


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SEK Eyeing Consumer Confidence, GDP, Manufacturing PMI, EU Data

The Swedish Krona will be on the lookout for key domestic economic indicators during a week of high event risk in Europe and the US.


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ASX 200 Technical Analysis: Can Bulls Hold Their Upside Break?

The ASX 200 has crept into what could be an important trading range on the road higher, but seems to have lost a bit of vigor in the process.


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S&P 500 Jumps on News of Trump’s Trade War Delay but Where’s the Follow Through?

This week has kicked off with incredible headlines on trade wars and Brexit, but you wouldn’t know it from the S&P 500 or Pound alone. Speculation is skewing the market’s focus and response.


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EUR/USD at Risk from Eurozone PMI, US Data, Fed Testimony?

EUR/USD may be vulnerable to Friday’s release of manufacturing PMI out of key Eurozone economies and comments from the Fed Chairman’s congressional testimonies this week.


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British Pound Soars as UK PM Theresa May Considers Brexit Delay

The British Pound soared in early Tuesday trade on reports UK Prime Minister Theresa May is considering delaying Brexit. AUD/USD’s ascent paused on resistance as Asia stocks may fall.


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Apple Stock Could Outpace S&P 500 on US-China Trade War News

iPhone-maker Apple could outpace its competition on news of a trade war resolution and drag the broader stock market higher as the company enjoys a bullish boost.


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AUD/USD Rate Forecast: February Range on Radar Ahead of RBA Meeting

AUD/USD may face range-bound conditions ahead of the next RBA meeting on March 5 as the central bank shows a greater willingness to further support the economy.


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Sterling Price Outlook: British Pound Rally Testing Key Resistance

Sterling is virtually unchanged on the month despite a range of more than 2.6%. Here are the targets & invalidation levels that matter on the GBP/USD charts.


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FX Week Ahead - Top 5 Events: Canadian & Eurozone CPI; Canadian & US GDP; US-China Trade Update

The last week of the month brings with it the usual smattering of significant economic data.


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Oil Risks Large Pullback Following Trump Tweet as RSI Reverses Course

Recent price action in crude oil raises the risk for a larger pullback as the Relative Strength Index (RSI) reverses course ahead of overbought territory.


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

Webinar highlighting active trade setups we’re tracking this week. Here are the updated targets & invalidation levels that matter on the technical charts.


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UK Week Ahead: Brexit Vote and Fed Chair Powell Loom | Webinar

Sterling remains slightly bid against a range of currencies, still believing that Brexit will be resolved, eventually. Fed Chair Powell will be on the wires three times this week and may add some volatility to GBPUSD.


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US Dollar Bounces from Support Ahead of Busy Economic Calendar

This week's economic calendar has a heavy emphasis on US Dollar drivers. Will Dollar-bears fill-in the EURUSD range? Or will USD-bulls push another USDJPY breakout?


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USD Dips, Oil Plunges, AUD & NZD Outperform, Trade War Deal Nears - US Market Open

High beta FX outperform as Trump looks to delay tariff hike deadline, while oil plunges after the President warns OPEC on high oil prices.


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Weekly Technical Forecast: Quiet Market Readings Belie High Volatility Risk

Activity measures across the market have dropped to extraordinary lows this past week. The VIX slid to its lowest level since October 3rd, the EURUSD range signaled quiet not seen since Summer 2014 and USDJPY’s week was the smallest on recent record. Markets have been quiet, but 2018 has taught us not to grow complacent.


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Weekly Fundamental Forecast: Heavy Event Risk Ahead Including US GDP, Brexit Vote and Trade War Updates

The week ahead is loaded with critical events with expected volatility readings plunging dangerous levels of complacency. When markets are prepared for sudden changes in the weather, the impact can be even more extreme.


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Using Stop Loss Orders in Forex Trading

Learn about stop losses in forex trading and why it’s important.


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Crude Oil Drops After Trump Warns OPEC Again on High Oil Prices

Crude oil futures drop over 1% after President Trump yet again warns OPEC over high oil prices.


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S&P 500, Dow, and Nasdaq 100 Charts: Could Be an Important Week

Big resistance levels are in the area of current levels; market has been quietly trading higher, but that could change in the days ahead.


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AUDUSD & NZDUSD Lifted on Trade War Relief as Trump Offers Deadline Extension

Antipodeans begin the week on the front as President Trump offers trade war relief having stated that the tariff hike deadline will be extended.


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Sterling (GBP): Brexit Vote Delayed, Can Kicked Again

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Dollar, Yen May Recover on Fed Impact of US-China Trade Talks

The US Dollar and Yen fell as the markets cheered signs of breakthrough in US-China trade talks. Pondering a deal’s impact on Fed policy may reverse these moves.


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Asian Stocks Mostly Higher As Trump Shelves China Tariff Plan

Equity markets were mostly higher, with Shanghai in the lead, as the US shelved plans to increase tariffs on Chinese imports.


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USD/BRL Eyeing Brazil GDP, Manufacturing PMI and Fed Testimony

USD/BRL traders will be closely watching Brazilian GDP and manufacturing PMI amid the ongoing pension negotiations along with the Fed Chairman’s congressional testimony.


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USD/SEK, USD/NOK Eyeing Sweden GDP, Fed Testiminy, EU Data

USD/SEK and USD/NOK are in for a roller coaster ride this week as a slew of potentially market-moving data in Sweden, the Eurozone and particularly in the US will be released this week.


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US Dollar, ASEAN Currencies Eye Volatile Week Packed With Wildcards

US Dollar weakness offered ASEAN currencies room to appreciate. Ahead, volatility may increase as US economic data, Fed speak and several wildcards compete for investors’ attention.


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Crude Oil Prices Seesaw as Markets Digest Trade War News

Crude oil prices are seesawing as markets digest the latest global trade war developments. A new front may open in the EU even as the US makes progress with China.


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S&P 500 Welcomes US-China Trade Talk Progress, Asia Stocks May Rise

The S&P 500 aimed higher on Friday on welcoming progress in US-China trade talks, dampening the appeal of the US Dollar. Asia Pacific equities may follow Wall Street higher.


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Aussie Dollar Up, Yen Down as Trump Delays China Tariff Hike

The Australian Dollar rose with S&P 500 futures while the anti-risk Yen fell as markets cheered news that Donald Trump has delayed a March 1 tariff hike on Chinese imports.


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Euro Forecast: Upside Likely Constrained with CPI Due at End of Week

Even as economic data momentum has started to improve in recent days, concerns linger about the stability of price pressures and how it may impact ECB policy.


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Weekly Fundamental Forecast: Heavy Event Risk Ahead Including US GDP, Brexit Vote and Trade War Updates

As a severe juxtaposition to this past week where event risk was extraordinarily light with modest improvement in critical themes allowing for some sentiment rebound, the week ahead is loaded with critical events with expected volatility readings plunging dangerous levels of complacency. When markets are prepared for sudden changes in the weather, the impact can be even more extreme.


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Weekly Technical Forecast: Weekly Technical Forecast: Quiet Market Readings Belie High Volatility Risk

Activity measures across the market have dropped to extraordinary lows this past week. The VIX slid to its lowest level since October 3rd, the EURUSD range signaled quiet not seen since Summer 2014 and USDJPY’s week was the smallest on recent record. Markets have been quiet, but 2018 has taught us not to grow complacent.


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Dow Jones, S&P 500, DAX and Nikkei Technical Outlook

Technical levels will dictate the depth of price action this week as the New Zealand Central Bank will offer commentary on its Official Cash Rate.


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S&P 500, FTSE 100 Outlook: Trade War Deadline, Brexit Vote, Fed Powell Testimony in Focus

As the US-China trade war deadline draws near, expectations of an extension increase. Brexit uncertainty continues to hold back the FTSE 100.


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EURUSD Weekly Technical Forecast: Euro to Weaken in Days Ahead

After bouncing, trend, levels, and price action suggest the Euro will weaken again in the sessions to come.


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Gold Prices May Be Readying to Reverse 6-Month Dominant Uptrend

Gold’s attempt to clear resistance fell short and created multiple bearish reversal warning signs. The risks seem tilted to the downside and the 6-month dominant uptrend is vulnerable.


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Gold Price Rally May Stall on a Trade War Resolution

Gold’s recent rally may stall should the US-China trade war reach an end as significant headwinds for global growth are lifted and risk is taken off the table.


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Dollar Faces Volatility Potential but Breakout and Trends are Still Far Reach

There is a high probability of volatility for the global financial markets and across FX this week, but will the jump in activity translate into a meaningful break for the US Dollar?


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US Dollar Eyes Powell Speech, US-China Trade Talks, Data Deluge

The US Dollar faces what looks like a perfect storm of fundamental event risk as testimony from Fed Chair Powell, key data and US-China trade talks compete for attention.


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Sterling Weekly Technical Outlook: Selling Off Into Support

A week of two-halves with Sterling pushing higher in the first-half, before selling off reasonably sharply as the week draws to a close. Support levels may soon be tested.


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GBP Fundamental Forecast: Sterling Refuses to Believe in No Deal Brexit

The British Pound is ending the week in positive territory, although off its best levels, as GBP continues to nudge higher on expectations that a No Deal Brexit will be taken off the negotiating table.


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Crude Oil Forecast: Bears May Want to Turn Away, Momentum is Here

Supporting factors for crude oil strength continue to play out as the global energy commodity pushed above the 100-DMA on the 2019 highs and trade war optimism continues.


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Crude Oil Prices Risk Overbought RSI Signal Despite Record U.S. Output

Recent price action keeps the topside targets on the radar for crude oil especially as the Relative Strength Index (RSI) flirts with overbought territory.


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My Top 3 Charts to Watch for Trade Wars, Volatility and Growth in Speculation

A number of key themes are under power and there is a range of high profile event risk due over the coming week. That said there are specific catalysts that can cause more systemic change, and these are the charts that best reflect upon that potential.


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Trade War Breakthrough, Fed Testimony, Key Brexit Vote and More Ahead

A host of fundamental themes – including trade wars and fears of recession – continue to prod global markets, but commitment to fear or greed is still out of reach. Can we find a trend before next week’s overwhelming data run?


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AUD/USD, AUD/JPY and AUD/NZD Eye Trend-Forecasting Patterns

AUD/USD finds itself in a bearish reversal pattern while AUD/JPY appears to be in a bullish one. AUD/NZD solidified a descending channel. Will these patterns hold true ahead?


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Australian Dollar Market May Be Calmer, But Watch Trade Headlines

The Australian Dollar market has had a busy start to the year, with plenty of news drivers from every quarter. This week may see some respite


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What Is the Gold Price Rally Telling Macro Investors?

Risky assets continue to run higher despite the fundamental backdrop remaining relatively weak. This supplement to the DailyFX podcast shares why the price of gold and bonds are saying opposite things and what that could mean for FX, stocks, and commodities in general.


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Stock Market Fund Flows Remain Deadlocked Before Eventful Week

Exchange traded fund flows were muted again this week suggesting investors have mixed feelings on what to expect from next week’s loaded schedule.


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FX Setups for the Week of February 25, 2019

The US Dollar's February up-trend softened this week, and with Chair Powell set for two days of testimony next week, USD will remain in the spotlight.


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Australian Dollar Weekly Price Outlook: AUD/USD Recovery Vulnerable

Aussie is poised to post a weekly doji just above yearly open support- is the recovery still viable? Here are the levels that matter on the AUD/USD weekly chart.


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USD/JPY Rate Forecast: RSI at Risk of Flashing Bearish Signal

The failed attempts to test the 200-Day SMA (111.30) raises the risk for a larger USD/JPY pullback as the bullish momentum appears to be abating.


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EURUSD Range, USDJPY Strength in Focus for Next Week Ahead of Powell

USD buyers came back after this week's release of FOMC minutes from the January meeting; but that push has fallen flat, setting the stage for Chair Powell next week.


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US Dollar Bounce at Support Keeps Near-term Outlook ’Neutral’

Both Brexit and the US-China trade negotiations have key deadlines that could be pushed back as deals have yet to materialize.


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Crude Oil Extends Rally, GBPUSD Undeperforms , USD Eyes Fed Speak - US Market Open

Brent crude futures continues to edge higher as Saudi jawboning continues to take precedent over rising US oil supply.


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Charts for Next Week: EURUSD, AUDUSD, Gold Price & More

The Euro looks like it could be turning down soon while AUDUSD looks to continue yesterday's sell-off; gold too could be headed for trouble with a weekly key-reversal in sight.


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Gold Price Consolidates Further, Chart Remains Positive

Gold continues to nudge lower after hitting a fresh 10-month high on Wednesday. The current fall may have room to extend further but overall the Gold chart remains positive, for now.


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FTSE Technical Analysis – Price Resistance & 200-day MA Keeping Lid on Upside

The FTSE has stalled over the last week in a zone of resistance, moving lower into this zone not far above is the 200-day; drag expected to continue for the UK index.


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EURUSD Little Changed as German Slowdown Continues, Focus on ECB’s Draghi

EURUSD remains relatively stable, despite the softer IFO figures confirming the continued deterioration in the German economy.


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Technical Outlook: S&P 500, DAX

Key topside resistance in focus for the S&P 500 and DAX as signs of exhaustion raises scope for a near-term pullback.


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NZDCAD: Bearish Sentiment Remains in Place

NZDCAD has been stuck in a narrow range for most of 2019 but the bias remains for the pair to move lower.


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Euro at Risk, Market Mood Hinges on Trump-Liu Metting Outcome

The Euro looks vulnerable as a deluge of event risk looms ahead. The overall market mood may hinge on the tone of US-China trade negotiations however.


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Asian Stocks Mixed After Wall St Slip. Rate Cut Hints Knock NZD

Domestic stock markets were a little fragile after a weak Wall St . lead. Trade talks between China and the US remain their main focus.


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Gold Prices May Fall as Risk Aversion, Fed Rethink Buoy US Dollar

Gold prices may fall, making good on bearish technical cues as haven demand and a rethink of the Fed policy outlook drive the US Dollar upward.


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BRL in for Roller Coaster Ride as Pension Reform Faces Congress

The Brazilian Real and other local assets will likely be moving in tandem with developments on Bolsonaro’s bold pension reform plan.


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New Zealand Dollar Sinks as RBNZ Deputy Governor Hints at Rate Cut

The New Zealand Dollar plunged after RBNZ Deputy Governor Geoff Bascand said proposals to increase bank capital requirements may result in a rate cut.


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EUR/GBP Technical Analysis: Preparing for a Reversal Higher?

EUR/GBP may struggle achieving more declines as warning signs show that its next move could be higher. Next week’s trajectory could be set by the end of Friday’s trading session.


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Recession Fears Rise, Trade War Negotiation Continue, Markets Start to Slip

A host of fundamental themes – including trade wars and fears of recession – continue to prod global markets, but commitment to fear or greed is still out of reach. Can we find a trend before next week’s overwhelming data run?


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EUR/USD Eyeing German GDP, Eurozone CPI, EU-US Trade Conflict?

EUR/USD might be vulnerable to underperforming German GDP with the risk of an EU-US trade conflict mounting after Trump received a key auto report earlier this week.


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Risk Aversion Led Wall Street Lower as USD Rose, ASX 200 May Fall

China’s Port of Dalian banning Australian coal imports seemed to trigger risk aversion which was amplified by soft US durable goods orders as AUD/USD fell. The ASX 200 may reverse lower.


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EUR/USD Rate Risks Larger Rebound Following Failed Tests of 2018-Low

The failed attempt to test the 2018-low (1.1216) may foster a larger rebound in EUR/USD even though the ECB remains in no rush to remove the zero-interest rate policy (ZIRP).


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

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


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USD/CAD Rate Fails to Test 200-Day SMA Following FOMC Minutes

USD/CAD holds a narrow range following the FOMC Minutes, with Canada’s Retail Sales report in focus as household spending is expected to contract another 0.3% in December.


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Gold Price Technical Outlook: XAU/USD Rejected at Resistance

Gold prices remain vulnerable near-term after reversing more-than 1% from the monthly high. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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US Dollar Selloff Hits Pause as Back-to-Back Dojis Materialize

American and Chinese negotiations are meeting in Washington, D.C. for the seventh round of trade talks.


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Types of Forex Orders

Learn the 4 main types of FX orders used in trading and how to apply them to your strategy.


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USD Dented, AUD Slammed on China Tensions - US Market Open

The greenback is marginally softer across the board. AUD slammed on rising China tensions, while GBP sees choppy trade amid conflicting Brexit headlines.


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ECB Minutes Show Policymakers Considering Fresh Stimulus, EURUSD Holds Steady

The ECB meeting minutes showed that policymakers took a more cautious view on the Eurozone economy given the persistently soft economic data.


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FTSE 100 Rally Blocked by Sterling Strength and Heavyweight Technicals

The FTSE 100 is struggling to push higher despite a bout of risk-on sentiment. A strong British Pound, driven by positive Brexit sentiment, and important technical levels continue to hold sway.


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Australian Dollar Price Stabilizes After Tumble on China Port Coal Ban

AUDUSD has steadied in Europe after sharp falls in Asia on a report that China’s Dalian port has banned imports of Australian coal.


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AUD Technical Analysis Overview: AUDUSD, AUDJPY, AUDNZD

AUDUSD stabilizing around 0.71 after excessive drop overnight. Crucial support keeps AUDNZD afloat.


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Hawkish vs Dovish: How Monetary Policy Affects FX Trading

Learn the difference between a hawkish and dovish monetary policy, and how it affects currencies.


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AUDUSD & AUDNZD Poised to Resume Lower Soon

AUDUSD is showing a short-term bearish sequence within the context of its longer-term downtrend while AUDNZD is rejected from former support.


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GBP Price Outlook: Bulls Defiant in Face of Brexit, Possible Fitch Downgrade

The British Pound continues to brush aside a lack of progress on Brexit, and even a potential downgrade of the UK’s credit rating, suggesting underlying strength in GBPUSD.


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Euro Looks Vulnerable, US Dollar May Rise on Flash PMI Data

The Euro may be pressured while the US Dollar gains as local flash PMI data paints a picture of divergent economic growth trends.


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EURUSD Price Struggling as PMI Data Warns of Feeble Q1 EZ Growth

The latest set of Markit PMIs show an overall uptick in Europe’s fortune, but the data highlight the ongoing woes in the German manufacturing sector and tepid Euro-Zone growth.


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Gold & Silver Price Charts – Major Long-term Levels to Dent Rally

The recent surge in precious metal prices has significant multi-year resistance of varying degrees in play, seen as likely to lead to weakness.


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Crude Oil Prices Aim to Extend Gains on US-China Talks, EIA Data

Crude oil prices may continue to push higher on signs of further progress in US-China trade negotiations. EIA data showing a smaller-than-expected inventory build might help.


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EUR/USD Vulnerable as Weak Economic Data Compounds Risk in EU

EUR/USD may feel greater downward pressure as European economic data continues to fall short of forecasts in the three largest Eurozone economies.


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AUD/USD Sinks as China’s Dalian Port Bans Australian Coal Imports

The AUD/USD suddenly tumbled after China’s Dalian port indefinitely capped the amount of Australian coal imports. Most Asia Pacific stocks still rose on upbeat US-China trade war news.


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EUR/USD Technical Analysis: Euro Down Trend Ready to Resume?

The Euro may be preparing to turn lower against the US Dollar after yet another test of resistance guiding the dominant decline since January 2018.


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Nikkei 225 Technical Analysis: Mature Uptrend Holds Into New Range

The Nikkei 225 remains well within a respected daily-chart uptrend channel and is now consolidating within a new, significant range.


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Fed and ECB Updates Test EURUSD’s Restraint, Volatility Plumbs Extremes

Monetary policy is once again a critical fundamental theme with the FOMC minutes signaling a floor on QE and the ECB on deck today. Will the two largest central banks trigger a risk move? Will they trigger a EURUSD break?


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SEK Held Steady After FOMC, Floden Speech - Outlook on Riksbank

SEK held steady on Wednesday following key central bank events in the US and Sweden. Riksbank official Martin Floden’s speech provided key insight on Swedish monetary policy in 2019.


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Australian Dollar Surges As Full-Time Job Creation Smashes Forecasts

The Australian Dollar got a boost from a stunning set of official jobs numbers which showed a full-time employment rise more than double market hopes.


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S&P 500 Took Path of Least Resistance on FOMC Minutes, AUD at Risk

The US Dollar was jawboned by risk trends and the FOMC meeting minutes as the S&P 500 took the path of least resistance. AUD/USD may fall on a jobs report after a Doji candlestick.


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Dow Jones Likely to Follow Manufactuers in Thursday Trading

The Dow Jones Industrial Average is poised to track industrial manufacturers like Caterpillar in Thursday’s session following the release of US durable goods orders.


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Upbeat Australia Employment Report to Fuel AUD/USD Rate Recovery

Updates to Australia’s Employment report may fuel the AUD/USD advance from the monthly-low (0.7054) as the economy is expected to add another 15.0K jobs in January.


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GBPUSD: Cable Pulls Back From Fibonacci Resistance After FOMC Minutes

GBPUSD tested above 1.3100 earlier after a strong four-day push, but with USD strength showing up and a very uncertain backdrop around Brexit - can bulls maintain?


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Fed Minutes Offer Light on Dovish Shift, US Dollar Climbs

January’s Fed minutes offered valuable insight on the pace of future rate hikes and the state of the central bank’s balance sheet.


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Australian Dollar Price Outlook: AUD/USD Recovery Faces First Test

Aussie has rallied five of the past seven sessions with price now eyeing a key pivot zone. Here are the targets & invalidation levels that matter on the AUD/USD charts.


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Dow Marches to 26k as 2019 Rally Continues

US equities have continued to recover from the Q4 sell-off, and the Dow Jones Industrial Average is making a move back-towards the 26k psychological level.


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Crude Oil Price Climbs on Aramco Refinery Repair, Nigerian Cuts

Crude oil ticked higher Wednesday as Nigeria announced they may reduce production to raise oil prices and Saudi Aramco shutters a plant for repair.


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Gold Price Forecast: 2018-High on Radar Amid Overbought RSI Signal

Recent price action brings the 2018-high ($1366) on the radar for gold as the bullish momentum appears to be gathering pace.


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US Dollar Digs into Fibonacci Support as EURUSD Range Remains

The US Dollar pullback continues into mid-week with support showing at a key Fibonacci level, helping EURUSD continue a topside bounce in the multi-month range.


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DXY Index’s Bearish Engulfing Bars Weaken Outlook; FOMC Minutes Today

The US Dollar is trying to find footing amid a four day losing streak, punctuated by bearish outside engulfing bars in two of the past three days.


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What is Slippage? Slippage in Forex Explained

What is slippage in forex trading, and what causes it? Find out more about forex slippage and how to avoid it.


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ZAR Plunges, GBP Loses Ground, CAD Eyes BoC Risk - US Market Open

ZAR outlook remains weak with the currency down 8% in February, GBP loses shine as Conservative MPs quit. CAD looks to BoC Governor Poloz statement.


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DAX 30 & CAC 40 Charts: Resistance, Relative Weakness Remain Headwinds

The DAX is lagging behind other major global indices, both it and the CAC face resistance hurdles as the world's largest and strongest market could soon come under pressure.


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Euro Outlook: Watch Out for Political Hurdles

The Euro is trading broadly sideways against the US Dollar but traders should be wary of possible hazards ahead as political instability combines with slowing economic growth.


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Trading Outlook for S&P 500, DAX, Crude Oil, Gold & More

Big level coming up for the S&P 500 and gold, DAX already at one; how much further can crude oil extend its rally?


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US Dollar Weakness May Continue if FOMC Confirms Dovish Pivot

The latest set of minutes from the FOMC are likely to highlight that while the next move in interest rates is still fully data dependent, balance sheet tapering is possible.


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US Crude Oil Price: Uptrend Could Extend Further

The price of US crude oil has been climbing since late December last year and there are few signs yet that its rally is coming to an end.


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Gold Price Analysis: Crucial Resistance in Focus as Investors Eye FOMC Minutes

With gold prices up over 5% and trading at its highest level since April 2018 as global central banks take a more accommodative stance. Gold bulls now eye crucial resistance.


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Sterling (GBP) Price Nudges Lower But Chart Positive pre-FOMC

Sterling gives back some of Tuesday’s gains against the US dollar, but the underlying chart set-up remains positive – Brexit aside – ahead of the FOMC minutes.


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US Dollar May Rise as Skittish FOMC Minutes Sour Market Mood

The US Dollar may unexpectedly rise as a skittish tone in minutes from January’s FOMC meeting sours risk appetite and inspires safety-seeking capital flows.


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Asian Stocks Mixed, Focused On Trade. FOMC Minutes Approach

Regional markets traded in mixed fashion as investors awaited more headlines from the high-level trade negotiations taking place in Washington


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USD/SEK Eyeing FOMC Meeting Minutes, Martin Floden’s Outlook

USD/SEK traders will likely be closely watching tomorrow’s release of the FOMC meeting minutes and Martin Floden’s discussion on monetary policy and the economy in Stockholm.


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USD/SGD, USD/MYR May Turn Higher as USD/IDR, USD/PHP Eye Support

The US Dollar may be readying to turn higher against the Singapore Dollar. Declines in USD/MYR may be undermined by fading downside momentum. USD/IDR and USD/PHP eye familiar support.


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Gold Prices May Rise on FOMC Minutes But Chart Setup Ominous

Gold prices may extend higher on dovish minutes from January’s FOMC meeting, but technical positioning warns that a top may be brewing ahead.


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Pound Rallies, Dollar Drops, Dow and Gold Sustain Run All Without Reliable Drive

US markets were back online after an extended holiday weekend. Will a rebound in liquidity accelerate the S&P 500’s climb? Is the FX’s top mover, GBPUSD, more or less deeply set? What should we expect from gold and oil’s breaks higher?


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Japanese Yen Technical Analysis: USD/JPY Breaks Range Top

The Japanese Yen has succumbed to a bout of weakness against the US Dollar with the break of the pair’s old trading range.


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Brazilian Real Vulnerable as Bolsonaro’s Reforms Risk Derailment

The Brazilian Real and benchmark IBOVESPA equity index may be at risk as Bolsonaro’s cabinet fissures and raises concerns over the President’s ability to push through his reforms.


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Australian Dollar Hit Despite On-Target Wages, Jobs Data Next

The Australian Dollar wilted after wage data which came in largely as expected but offered little hope of a much-needed inflationary boost


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Stock Markets Await President Trump’s Decision on Auto Tariffs

Three of the world’s largest economies may find themselves party to a new trade war as President Trump considers the feasibility of auto tariffs on Europe and Japan.


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GBP Soars Before May-Juncker Brexit Meeting, Nikkei 225 May Fall

Upbeat Walmart earnings and dovish Fed commentary revived sentiment as the S&P 500 climbed, US Dollar fell. Nikkei 225 may drop after a poor trade report as AUD/USD falls on wage data.


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Canadian Dollar Price Outlook: USD/CAD Fails at Monthly Range Highs

Price continues to hold within the February opening-range after failing at the highs with the Here are the targets & invalidation levels that matter on the USD/CAD charts.


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AUD/USD Rebound Rattled by Dovish RBA- Wage Price Index (WPI) Up Next

Fresh developments coming out of the Asia/Pacific region may drag on AUD/USD as the RBA continues to adjust the forward-guidance for monetary policy.


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FX Price Action Setups in EURUSD, USDJPY and USDCHF

The US Dollar’s topside run has taken a pause, as prices have pulled back to a fresh weekly low on the heels of some comments from FOMC Member, Loretta Mester.


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Gold: 70.6% 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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Gold Price Weekly Technical Outlook: XAU Breakout Underway

A breakout in gold has taken prices to fresh ten-month highs and keeps the outlook weighted to the topside. Here are the levels that matter on the XAU/USD weekly chart.


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USDJPY: 48.7% of Traders Are Net-Long

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


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S&P 500 : Traders Net-Short Are 63.3% Higher from Last Week

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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GBPUSD: 60% of Traders Are Net-Long

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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USD/JPY Eyes 200-Day SMA Again on Hopes of US-China Trade Deal

USD/JPY stands at risk of making another run at the 200-Day SMA (111.30) as both price and the RSI continue to track the bullish formations from earlier this year.


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EUR/USD: Sentiment Suggests a Mixed Bias

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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Walmart Earnings Buoy Dow Jones, Offer Retail Sales Insight

The world’s largest retailer reported earnings Tuesday morning and delivered a strong performance bolstered by online and holiday sales.


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USDCHF Price Well Placed to Bounce From Channel Support

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What is Margin Call in Forex and How to Avoid One?

Find out what causes a margin call in forex trading and how to avoid them by adopting tips used by experienced traders.


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EURUSD Re-Tests Range Support as USD Holds Near 2019 Highs

EURUSD continues to grind near the longer-term support zone as the US Dollar has built-in to a short-term range near 2019 highs.


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US Dollar’s February Uptrend Intact for Now; Gold at Fresh Yearly Highs

Gold prices continue to charge higher in an environment marked by heightened political uncertainty in the Eurozone, the UK, and the US.


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Gold Bulls Dominate, GBP Outperforms, SEK Sinks - US Market Open

The Pound has grinded higher throughout the session with GBPUSD testing 1.2950. SEK plunged on the back of soft inflation data. Gold at fresh YTD highs.


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S&P 500, Dow, and Nasdaq 100 Charts: On to the Next Big Levels of Resistance

The impressive v-bottom rally in the U.S. indices continues to trek onward, with another major set of levels in sight.


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Stock Market Traders Still Broadly Positive | Sentiment Webinar

While the major currency pairs are mostly trading sideways, stock markets are still looking buoyant, as are crude oil and gold.


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Technical Outlook for Gold Price, USDCAD, AUDUSD, & More

Gold is working on putting together a run towards major resistance and USDCAD is building a solid technical pattern while AUDUSD does similar in reverse.


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US-China Trade Talks and FOMC Minutes to Dominate USD Trading

A new round of US-China trade talks that begins in Washington Tuesday plus the release Wednesday of the latest FOMC minutes will likely determine the short-term direction of the US Dollar.


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EURUSD Fragility Continues After Weak German ZEW Release

The path of least resistance for EURUSD looks lower as another sentiment survey highlights continued weakness in the German economy.


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Sterling (GBP) Underpinned by Robust UK Labour Market, Brexit Hopes

Sterling remains above 1.2900 against the US dollar as the UK labour market continues to provide a positive backdrop as Brexit nears.


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Key Charts to Watch: EURUSD Vulnerable to Auto Tariffs and Dovish ECB

The Euro has continued to hover around the lower bound of its 1.12-1.16 range, having last week hit lows of 1.1235. Risk events over the coming weeks could see a range break.


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Aussie Dollar Falls on RBA Minutes, US-China Trade Talks Eyed

The Australian, Canadian and New Zealand Dollars fell as downbeat RBA meeting minutes fed global slowdown fears. US-China trade talks are now in focus.


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Stocks Eye European Data, Can S&P 500 Uptrend Pass Key Resistance?

Asia stocks traded mixed as markets await potentially risk-negative European data. In its near-term uptrend, can the S&P 500 break key resistance should sentiment prevail instead?


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Crude Oil Prices Hit 3-Month High, Set Sights on Trade War News

Crude oil prices broke chart resistance and hit a 3-month high but trade war news flow – from US-China negotiations to the threat of new auto tariffs – may stymie progress.


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AUD/JPY on Edge: Trade War Fears Swell - Employment Data in Sight

AUD/JPY has traded cautiously higher since February 11 but hopes of meaningful upward movement may be dashed if US-China trade negotiations deteriorate and Australian employment data disappoints.


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EURO Vulnerable to German ZEW Survey, Italy Industrial Orders?

EUR/USD may feel some pain if the German ZEW Survey falls short of expectations along with a possible decline in Italian industrial orders.


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ASX 200 Technical Analysis: Important 2018 Resistance Holds Firm

The ASX 200 remains in its dominant uptrend but that trendline is getting close and resistance remains in place. This could yet be consolidation rather than anything more worrying


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SEK May Move on Swedish CPI - USD/SEK Eyeing FOMC Minutes

The Swedish Krona may be vulnerable to upcoming CPI data, but most USD/SEK traders are likely eyeing this week’s most anticipated event: the release of the FOMC’s meeting minutes.


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AUD/USD May Fall on RBA Minutes, USD Trims Losses on Risk Aversion

The US Dollar trimmed losses in illiquid trading conditions on what seemed to be US-EU trade war fears. AUD/USD may fall on the RBA meeting minutes after near-term resistance held.


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Top Three Foreign Exchange Macro Themes to Watch This Week

Top-down market themes will continue to drive FX-moves and sentiment this week with US-China trade wars, potential EU auto-tariffs and FX volatility all battling for headline space.


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FX Week Ahead - Top 5 Events: EZ ZEW Survey, FOMC Minutes, Aussie Jobs & More

There are several 'high' rated events on the calendar over the coming week, but most of them are clustered together on Thursday.


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UK Week Ahead: A Packed Calendar with Added Brexit | Webinar

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Weekly Technical Forecast: Dollar, Equities, Crude and Gold All Extend Their Climb to Key Resistance

There was a broad advance in the run of speculative-leaning equities, commodities and currencies this past week. The pace was uneven, but the progress was registered nonetheless. Yet, only now does the real technical commitment meet its test with Dollar eying 97.75, Dow looking towards 27,000 and crude crossing 55.50.


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Weekly Fundamental Forecast:Trade Wars and Shutdown Fears Fade, Have We Entered a New Phase of Risk Appetite

Two of the most systemic fundamental threats facing the financial system have eased this past week in the avoidance of a second US government shutdown and the enthusiastic language being applied to the negotiations between the US and China on trade. Is this the foundation for a new phase of ‘risk on’?


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EURUSD Bounces Off Support, USDTRY Rises on RRR Cut

The USD underperforms relative to major G10 currencies on continued trade war optimism. Turkish Lira dips as CBRT cut Lira reserve requirements.


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Gold Price Nears a Fresh 10-Month High as US Dollar Dips

Gold has taken its cue from a lower US dollar and made a fresh two-week high, nearing its highest level since April 2018 as bulls take control.


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Crude Oil Analysis: Oil Bulls Target $70

Improved risk sentiment and Saudi Arabia’s pledge to take aggressive have been among factors boosting oil prices to fresh 2019 highs, raising scope for $70 Brent.


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Sterling (GBP) Starting the Week in Positive Fashion on Brexit Rumors

Sterling-pairs have opened what is expected to be a quiet day – US President’s Day Bank Holiday - after media talk surfaces that some EU countries are mulling concessions to the Irish backstop agreement.


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Yen, US Dollar May Bounce as Markets Weigh Auto Tariff Threat

The Yen and US Dollar may rebound as hopes for a breakthrough in the US-China trade war give way to worries about a looming hike in auto import tariffs.


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Asian Stocks Post Gains As Trade Hopes Endure, US Holiday Looms

Asia Pacific share markets were all in the green thanks to encouraging comments on trade out of both Beijing and Washington DC.


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AUD/USD Bulls Unlikely To Get Much Help From RBA Governor

The Governor of the Reserve Bank of Australia will testify in Parliament this week, and recent history suggests he might make the going tough for AUD


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IDR Eyes Bank of Indonesia as USD May Appreciate on Soft EU Data

ASEAN currencies mostly fell this past week against the US Dollar. USD/IDR eyes the Bank of Indonesia with the threat that soft European economic data poses for risk trends.


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NOK, SEK Vulnerable as Europe Slows Down - FOMC Minutes in Focus

The Norwegian Krone and Swedish Krona may find it increasingly difficult to climb higher as the EU economy slows down, potentially dampening economic activity in the Nordics.


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Gold Prices Soar to Challenge Range Top as US Dollar Drops

Gold prices soared to challenge three-week range resistance, buoyed by a weaker US Dollar. A break higher would put a trend-defining top in the crosshairs.


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Nikkei 225 Eyes Key Resistance After Rally in S&P 500 as USD Fell

The US Dollar fell as a recovery in sentiment sapped its appeal as a haven asset. Asia stocks may rise, offering the Nikkei 225 a chance to confirm a close above critical resistance.


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Weekly Technical Forecast: Dollar, Equities, Crude and Gold All Extend Their Climb to Key Resistance

There was a broad advance in the run of speculative-leaning equities, commodities and currencies this past week. The pace was uneven, but the progress was registered nonetheless. Yet, only now does the real technical commitment meet its test with Dollar eying 97.75, Dow looking towards 27,000 and crude crossing 55.50.


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Weekly Fundamental Forecast:Trade Wars and Shutdown Fears Fade, Have We Entered a New Phase of Risk Appetite

Two of the most systemic fundamental threats facing the financial system have eased this past week in the avoidance of a second US government shutdown and the enthusiastic language being applied to the negotiations between the US and China on trade. Is this the foundation for a new phase of ‘risk on’?


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Technical Outlook: S&P 500, DAX

Following a weekly gain of over 2% the S&P 500 eyes key topside resistance. DAX sees notable bounce off trendline support.


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Dow Jones and DAX Hinged to Trade Wars, Potential Auto Tariffs

The Dow Jones Industrial Average and the German DAX will look to progress from the US-China trade talks and potential auto tariffs.


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Euro Forecast: Deteriorating Fundamentals Continue to Weigh on Price

The Euro continues to slide alongside deteriorating inflation expectations, which just hit their lowest level in more than two years this past week. Upcoming survey figures don’t look that optimistic.


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EURUSD Weekly Technical Forecast: Euro Flirting with Support Break

The Euro flip-flopped last week as it tested important support, with character in price action showing signs of changing it may be on the cusp of developing meaningful downside momentum.


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Gold Prices Stopped Short of Resuming Dominant Uptrend, Watch RSI

Gold prices attempted to resume the dominant uptrend, stopping short for resistance at 1323.60. Fading upside momentum may undermine upside progress ahead with support at 1302.97.


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Gold Bull-Flag Formation Continues to Unfold Ahead of FOMC Minutes

Developments coming out of the U.S. economy may continue to heighten the appeal of gold as the Federal Reserve further adjusts the forward-guidance for monetary policy.


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Dollar Within Reach of Two-Year High but Reversal Pressure High

The Dollar closed out another positive week, but progress towards the multi-year highs set in November and December is frustratingly slow for bulls. So, is it provocative breakout or comfortable reversal next week?


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US Dollar Needs Sentiment Consistency to Set Lasting Trend

The US Dollar seesawed last week, reflecting the competing influence of fundamental cross-currents. Risk sentiment consistency may be needed for a lasting trend.


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GBP Fundamental Forecast: Sterling Struggles as the Brexit Clock Ticks

The British Pound is just about keeping its poise against a range of currencies, especially a strong US dollar, with less than two weeks until PM May presents her Brexit deal to Parliament again.


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Crude Oil Forecast: The 2019 Crude Bull Market Has Arrived

There you have it! Crude has gained 21% year to date after the US noted new possible sanctions for Venezuela’s PDVSA and that Saudi could cut production further.


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Crude Oil Price Tied to Non-OPEC Supply Concerns, Lower Demand

Crude oil will take its price cues from the ongoing concerns on increased supply from non-OPEC sources.


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Are a Dow Return to Record, Dollar Breakout Possible This Week?

This past week closed with a strong charge higher for the Dow and crude while typical offsets in gold and the Dollar were also firm. This collective climb will not likely last forever, but what markets continue and which falter?


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My Top 3 Charts to Watch Over the Coming Week

With US indices climbing rapidly, emerging markets ready to close the speculative gap and other charts running or gearing up for a charge; what three charts are at the top of my watch list moving forward?


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Stock Market Fund Flows May Suggest the Dow Jones is at a Crossroads

Exchange traded fund flows appeared muted this week, a stark contrast from the record outflows notched just two weeks ago.


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AUD/USD Eyes Resistance, AUD/NZD Resumes Fall, GBP/AUD May Bounce

AUD/USD sought to reverse losses this past week but stopped short of key resistance. AUD/NZD is a step closer to resuming its dominant downtrend. GBP/AUD may bounce in the near term.


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Australian Dollar May Head Lower If RBA Jawboning Starts Anew

The Australian Dollar has just come through a rather more peaceful week than the preceding one but could fall once more if the RBA continues to highlight the benefits of a weaker currency.


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FX Week Ahead - Top 5 Events: EZ ZEW Survey, FOMC Minutes, Aussie Jobs & More

There are several 'high' rated events on the calendar over the coming week, but most of them are clustered together on Thursday.


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AUD/USD Rate Rebound at Risk on Dovish RBA Minutes, Lowe Testimony

Fresh comments coming out of the Reserve Bank of Australia (RBA) may rattle the recent rebound in AUD/USD as the board alters the forward-guidance for monetary policy.


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FX Setups for the Week of February 18, 2019

US Dollar strength remained a prominent theme in the early portion of this week, leading into a holiday-shortened week in which the USD will remain in the spotlight.


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DailyFX Poll: Which Successor to PM May Would be Most Positive for GBP?

DailyFX has conducted a Twitter poll to find out which possible successor to UK Prime Minister Theresa May would be the most positive for Sterling. The results were surprising.


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Consumer Confidence Ticks Higher, Inflation Expectations Plummet

University of Michigan’s consumer confidence report crossed the wires Friday to reveal a slight increase from last month.


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DAX May Plummet on Auto Tariffs, Spanish Election not a Cause of Concern

Section 232 deadline is set for Feb 17th, in which the Department of Commerce will present their findings on whether Eurozone autos present a threat to the United States national security.


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Gold Prices Eye 2019-High as Bull-Flag Formation Unfolds

Recent price action brings the 2019-high ($1326) on the radar for gold as a bull-flag formation appears to be unfolding.


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EURUSD Holds Lows at Key Support as USD Strength Takes a Pause

Next week brings a Monday holiday in the United States in observance of President’s Day, and the economic calendar is relatively light.


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US Dollar Edges Higher, Gold Bounces at Support as US-China Trade Talks End

The sixth round of US-China trade negotiations has come to an end, and there’s still no deal in place to avoid the March 2 tariff deadline.


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EUR Drops as ECB Talk up Further Stimulus, USD Supported Amid Fed QT - US Market Open

Euro underperforms as ECB talk up further stimulus measures. NZD leads the pack amid the improved risk tone. USD looks to Trump as he vows to declare a national emergency.


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Upbeat U. of Michigan Confidence to Keep EUR/USD Under Pressure

A marked rebound in the U. of Michigan Confidence survey may keep EUR/USD under pressure as it highlights an improved outlook for the U.S. economy.


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Charts for Next Week: EURUSD, CHFJPY, AUDJPY, Gold Price & More

The Euro is barely hanging onto support, JPY-crosses looks weak with CHFJPY & AUDJPY posting set-ups, while Gold is trying to come off of confluent support and rally.


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Gold Price Analysis: Trump Mulls Emergency Action, YTD Highs in Focus

As investors continue to ponder growing downside risks, gold prices remain elevated. Fresh political risks may prompt Gold to test $1326.


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EURUSD Price Loses Traction Ahead of US Autos Ruling

EURUSD may start another leg-lower shortly with the US Department of Commerce set to release a report on whether the level of EU car imports poses a threat to national security.


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Wall Street pro Helene Meisler Shares Technical Analysis Tips | Podcast

Learn about technical analysis tips from top market technician Helene Meisler on our DailyFX podcast.


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FTSE Technical Analysis – Positive Trend into Resistance Clouds Outlook

The FTSE continues to trade with a positive tone but has plenty of obstacles standing in its way; makes for a market lacking conviction.


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Sterling (GBP): PM May Has 12 Days or Parliament May Take Over Brexit

The Brexit timetable was left unchanged after yesterday’s votes in the House of Commons and PM May now has until February 27 to get a workable deal together or risk handing over the process to Parliament.


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Yen and US Dollar Aim Higher Amid Global Slowdown Worries

The Japanese Yen and US Dollar are aiming to continue higher as soft data out of the US and China stoke global slowdown worries and sour market sentiment.


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Most Asian Stocks Weaker On US Retail Shock, Trade Talks In Focus

Asia Pacific stock markets struggled with worries about both the US and Chinese economies as trade negotiations between the two continued in Beijing.


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Crude Oil Prices at Risk, US Consumer Confidence Data Due

Crude oil prices may turn lower as worries about slowing global growth weigh on cycle-sensitive assets but US consumer confidence data may offer a lifeline.


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EUR/GBP Technical Analysis: Gains Resume as Losses May Be Limited

EUR/GBP continues its slow ascent that was initiated by a bullish reversal pattern. Immediate support has been reinforced, potentially limiting the scope for near-term losses.


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USDCHF - One of My Favorite Alternative Dollar Scenario Options

My medium-term outlook for the US Dollar is bearish owing to its position with risk trends, the shift in monetary policy views and systemic questions related to its reserve status. But what pair is best positioned for a sustained USD advance?


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Outlook for SEK, Riksbank Monetary Policy, Sweden’s Economy

The outlook for Sweden’s economy and the Riksbank’s monetary policy suggests that USD/SEK will continue to trend higher as 2019 unfolds.


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S&P 500 Readies Reversal as Global Growth Cools, Will EURUSD Break?

Trade wars and averting the next US government shutdown remain key headlines for the financial markets, but clear growth readings from the majors take out some of the speculative lift that these headlines might otherwise earn.


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Australian Dollar Slips As Chinese Inflation Underwhelms Again

The Australian Dollar took a hit Friday as prices for both consumers and industry were shown to have risen less than expected in January


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S&P 500 Fails to Close the Gap as Market-wide Risk Aversion Ensued

The S&P 500 struggled closing the gap after dismal US retail sales fueled market-wide risk aversion. This left the US Dollar mixed as equities look increasingly vulnerable.


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Nvidia Stock Price May Spur Nasdaq After Earnings Beat

A few weeks after chip-maker Nvidia lowered guidance for the quarter, the company delivered robust results which spurred a serious climb in share price.


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FX Price Action Setups in EURUSD, USDCHF and the US Dollar

A number of price action setups were discussed in this webinar, with focus around the US Dollar and related pairs.


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Brexit Update: GBPUSD Slips Slightly as PM May’s Brexit Strategy Defeated

The British Pound traded slightly lower following an expected defeat for Prime Minister Theresa May in the House of Commons.


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Sterling Weekly Price Outlook: GBP/USD Breakdown Facing Key Support

A three-week decline in the British Pound has taken price back into critical support at the yearly open. Here are the levels that matter on the GBP/USD weekly chart.


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Oil Risks Range-Bound Prices as Bullish Series Snaps

The failed attempt to test the monthly-high ($55.75) may generate range-bound conditions for crude as oil prices snap the bullish series from earlier this week.


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US Dollar Techs, Fundamentals at Odds; Important Day for Gold

Signs that the US-China trade negotiations have hit a snag plus seemingly inexplicably weak US economic data have the DXY Index working on a doji on Thursday.


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US Dollar Techs, Fundamentals at Odds; Important Day for Gold

Signs that the US-China trade negotiations have hit a snag plus seemingly inexplicably weak US economic data have the DXY Index working on a doji on Thursday.


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DailyFX Poll: Which Successor to PM May Would be Most Positive for GBP?

DailyFX has conducted a Twitter poll to find out which possible successor to UK Prime Minister Theresa May would be the most positive for Sterling. The results were surprising.


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What Does a Forex Spread Tell Traders?

Learn how to calculate the forex spread and what causes it to widen or narrow.


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EURUSD Bounces at Long-Term Support as USD Softens at Highs

The US Dollar is pulling back from another fresh 2019 high, and as seen earlier this week, the big question is how motivated bulls might remain to be.


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USD Drops, Germany Avoids Recession, GBP Looks to Brexit Vote - US Market Open

USD dropped against its major counterparts following the weakest retail sales data in 9-yrs. Germany narrowly avoids recession, while AUD & NZD rise on trade war optimism.


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Key Charts to Watch: Default Buying in USD

Following its largest winning streak in over 2yrs the USD continues to remain king. Having hit a fresh YTD peak, eyes now turn towards the 2018 high.


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Eurozone GDP Growth Slows, Euro Still Under Downward Pressure

Eurozone GDP data for the final quarter of last year confirmed the weakness of the bloc’s economy in late 2018 and that a recovery in EURUSD could still be some way away.


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Brexit News: Sterling (GBP) Eyes Latest House of Commons Clash

UK PM May will go to the House of Commons this evening asking for their support in ongoing talks with the EU, but media reports reckon that the PM will have a rocky ride later.


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EURUSD Price Falls Further as German Narrowly Avoids Reccession

German economic growth flatlined in the fourth quarter of 2018 and narrowly missed plunging the country into a recession, heaping additional downside pressure on the single-currency.


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DAX 30 & CAC 40 Charts: Trading into Resistance of Varying Degrees

The DAX is retesting a long-term trend-line, while the CAC trades into swing levels carved out during the end of last year.


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Euro Eyes GDP Revision, US Dollar May Rise on Retail Sales Data

The Euro is looking to revised Eurozone GDP data having shrugged off disappointing performance in Germany. The US Dollar may rise if retail sales data tops forecasts.


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AUDNZD Looking to Extend Breakdown Below Support

AUDNZD was hit hard yesterday on Kiwi strength, now teetering around support; looking for lower prices in-line with the macro-breakdown in December.


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