Asian Stocks Buoyed By China PMI Surprises, European Data Eyed

Asian stock markets were all green thanks to a return to growth for China’s makers after three months in the doldrums. Expansion was modest, but investors will clearly take what good news they can.


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Gold Price Chart Hints at Topping, US Data and Brexit Voting Eyed

Gold price technical positioning hints a top may be taking shape. US retail sales and ISM data as well as another round of Brexit votes are in focus ahead.


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USD/NOK, USD/SEK Eyeing US Data, ECB Publication, Brexit

The Swedish Krona and Norwegian Krone may be impacted by key US economic data, the ECB publication of the March meeting minutes and Brexit-related developments.


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ASEAN FX Vulnerable to Haven-Linked USD, US-China Trade Talks Eyed

The US Dollar rose against its ASEAN counterparts. The Greenback’s status as a safe haven may prove difficult for IDR, PHP to overcome. Markets eye next phase of US-China trade talks.


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Japanese Yen Weaker, China PMI Lifts Risk Appetite

The Japanese Yen ticked lower following another disappointing Tankan sentiment roundup. China’s weekend PMI snapshot was a bit less gloomy but huge demand question marks remain


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USD/CAD Fell to Support on GDP. Asia Stocks May Rise as Yen Drops

USD/CAD dropped to support on rosy GDP data, the British Pound fell after May’s Brexit deal failed to pass through Parliament, delaying the divorce. Asia stocks may rise as Yen sinks.


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Weekly Technical Forecast: S&P 500 and Oil Show Contrast Between Past Quarter and Next Week

We have brought to a close a week, the month of March and the first quarter of 2019. The performance registered between these time frames seems to look more remarkable the higher larger the lookback. While the S&P 500 and crude oil for example may have posted their best quarters in a year, recent price action looks far less vigorous.


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Weekly Fundamental Forecast: Recession and Brexit Worries face QE and Trade Talk Hopes

Risk trends still have the fundamental winds to their back, and speculatively-dependent assets such as equities and commodities have benefited. Yet, the balance of power and themes into the second quarter looks far less convincing than how markets have performed. Trying to untangle trade wars and unequipped central banks ramping up stimulus doesn’t balance against fear of recession and events like Brexit.


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Weekly Equity Outlook: Dow Jones Eyes Breakout, FTSE 100 in Brexit Limbo

The Dow Jones and FTSE 100 posted impressive gains over the final week of the first quarter, but where are the US and UK equity markets heading next?


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Dow Jones, FTSE 100, DAX 30 and ASX 200 Fundamental Forecast

The Dow Jones will look to a slew of economic data out of the United States while the FTSE and DAX await Brexit clarification. Elsewhere, the ASX 200 awaits a rate decision from the RBA.


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Euro Weekly Forecast: New Month, Quarter Bring EZ Inflation, Brexit Latest, US NFPs

The start of the second quarter and the first week of April bring about the typical smattering of ‘high’ rated events, including the RBA meeting.


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Euro Weekly Technical Forecast: Breakdown Potential for Q2

EURUSD has spent five months in a range through a number of Euro-drivers. But with overbought retail sentiment and bears persisting, might a break be in store for Q2?


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Gold Price Outlook Bearish in Long Run, Eying Support in Near Term

Gold prices concluded another month lower as a bearish reversal pattern formed, hinting of a top in the long-run. For now, the precious metal faces critical support that may hold.


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Gold Price Outlook Bearish as USD May Rise on Soft Econ Data, RBA

Gold prices could be weighed down if the US Dollar rises in risk aversion on soft economic data. Other hazards for the precious metal include a more dovish RBA and Brexit updates.


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US Dollar Weekly Technical Outlook: USD Starting to Look Exhausted

The recent batch of poor US data prints have been brushed aside by a resurgent US dollar in the past few days, but the recent push higher looks like it is running out of steam.


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US Dollar May Rise as Sentiment Succumbs to Potent Headwinds

The US Dollar may rise, spurned on by haven-seeking capital flows as risk appetite finally succumbs to a broad assortment of potent headwinds.


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Sterling Weekly Technical Outlook: No Brexit Deal- Pound Losses Mount

Sterling is set to close just above upslope support as a breakdown in Brexit negotiations weigh on price. These are the levels that matter on the GBP/USD weekly chart.


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GBP/USD Rate Threatens Bull Trend Ahead of Brexit Deadline

The British Pound may face a more bearish fate ahead of the Brexit deadline in April as the GBP/USD exchange rate threatens the upward trend from late last year.


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S&P 500 Ends Quarter Strong, Pound Hit on Brexit Again, Dollar Reaps

The quarter closed with some modest sense of enthusiasm. The S&P 500 and crude oil prices closed out their best quarters in a decade, but more recent price action is uneven and cautious. That is an accurate reflection of our market’s general settings.


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Crude Oil Prices Edge to 5-Month High, Doesn’t Feel Like a ’Breakout’

US crude oil prices closed out this past week with a sense of progress that varies according to what time frame you evaluate. While the quarter (Q1) was extraordinary, the carry over into next week alone looks more tepid.


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Crude Oil May Be Overextended, But Watch Out For Trade Headlines

Crude oil prices remain supported by supply cuts and trade deal hopes even as the economic data have proven disappointing. That support could wane a little this week


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S&P 500: Best Q1 Since 1998 Despite ETF Outflows

The S&P 500 boasted its highest return for a first quarter since 1998. Still, capital movement from the index’s largest exchange traded funds revealed outflows for the quarter.


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S&P 500: Best Q1 Since 1998 Despite ETF Outflows

The S&P 500 boasted its highest return for a first quarter since 1998. Still, capital movement from the index’s largest exchange traded funds revealed outflows for the quarter.


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Gold Price Weekly Outlook: XAU/USD to Threaten Yearly Range Lows

An outside weekly-reversal leaves Gold prices vulnerable heading into the close of Q2. Here are the levels that matter on the XAU/USD weekly chart.


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How IG Will Bring New Opportunities to Trading the Foreign Exchange Market | Podcast

Listen to our podcast and discover how DailyFX parent company IG is set to shake up FX trading.


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Brexit Latest: GBPUSD Drops Below 1.3000 as Third Vote Fails

UK PM Theresa May’s EU-UK Withdrawal Agreement has been defeated again, this time by a margin of 286 votes in favor to 344 against.


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USDCAD Price Reversal Triggered by Canadian GDP, US Inflation Data

USDCAD’s daily move is already its largest down day since February 22.


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Q2 Themes: USD Triangle, EURUSD Range, Risk Aversion in Stocks, Yen

This is the final day of Q1 trade and it's been an eventful quarter across the landscape. But will Q2 bring a return of Q4's risk aversion, or will the Q1 risk-on mode hold into mid-year?


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Brexit Rumours, Palladium Bubble, EURUSD Outlook - US Market Open

Sterling jumped sharply mid-morning as rumours swirled that PM May’s latest attempt at getting her bill through Parliament was gaining traction. Sterling jumped but price action is volatile.


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EUR/USD Rate Vulnerable to Further Losses on Sticky U.S. Core PCE

Updates to the US Core Personal Consumption Expenditure (PCE) may keep EUR/USD under pressure as the gauge for inflation is anticipated to hold steady at 1.9% in January.


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Palladium Price: More Losses Likely as ’Bubble’ Bursts

A spectacular increase in the price of palladium has come to an equally dramatic end, with the price crashing this week and further weakness on the cards.


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GBPUSD Price Struggles Above 1.3000 Ahead of Another Brexit Vote

On the day that the UK was originally meant to leave the EU, Prime Minister Theresa May is taking part of her withdrawal agreement back to Parliament later today for yet another vote.


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Big-picture Technical Analysis for Dow Jones, Gold Price, Crude Oil & Dollar

Looking at the 'macro-techs' there are some interesting developments in major markets to watch in the weeks ahead...


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EURUSD Likely to Move Lower but Oversold Signal Flashing

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Yen and US Dollar May Resume Offensive on Brexit, Soft Data Flow

The anti-risk Japanese Yen and US Dollar may return to the offensive if another inconclusive Brexit vote and soft economic activity data stamp out nascent recovery in risk appetite.


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Shanghai Composite Leads Asia Stocks Higher, CAD May Rise on GDP

The Shanghai Composite lead Asia stocks higher as US Treasury Secretary Steven Mnuchin warmed markets up for the next stage of US-China trade talks. Ahead, Canadian Dollar may rise on GDP data.


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Commodity Prices Eye Brexit Vote, US-China Trade Talks, Lyft IPO

Crude oil and gold prices are looking to yet another Brexit vote, ongoing US-China trade talks and an IPO from Lyft to shape market-wide sentiment trends.


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Japanese Yen Could Gain As Focus Grows On Creaking Inflation Target

The Japanese Yen market faces a clear disconnect between domestic economic data and monetary policy. What if that were to change?


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NZD/USD Technical Analysis: Four-Month Uptrend Under Fire

The New Zealand Dollar is on the cusp of overturning a four-month uptrend against its US counterpart after a dramatic drop from what now looks like a Triple Top.


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S&P 500 or GBPUSD, Which is More Likely to Break First?

The S&P 500 is on pace to close its best quarter in a decade even though systemic risks are on the rise. Meanwhile, whether you trade Dollar, Euro or Pound; you should keep a close eye on Friday’s Brexit vote.


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Japanese Yen Slips On Mixed Data Bag, Pricing Power Still Absent

The Japanese Yen had to contend with a patchy slew of domestic data which showed employment still perky but inflation firmly in the doldrums


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Soft US GDP Still Drove Demand for USD, S&P 500. Gold Prices Fell

Gold prices dived despite soft GDP data as US Dollar and bond yields rose alongside the S&P 500. Asia Pacific equities may consolidate ahead of key economic data later today.


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Forex Volatility Expected in British Pound and Canadian Dollar

GBPUSD overnight implied volatility pushes extremes amid the latest Brexit uncertainty while USDCAD forex option traders also anticipate heightened price action ahead of Canadian GDP.


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USDMXN Slumps After Banxico Announces Unchanged Overnight Rate

The central bank of Mexico decided to keep the overnight rate as is which may have been based on waning inflation in the Mexican economy.


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USDJPY: Price Trend May Soon Reverse

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


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Gold: 76.9% of Traders Are 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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S&P 500 Outlook: Index Set to Post Best Quarterly Return in Nearly 10 Years

The S&P 500 will look to deliver its best quarterly performance in nearly a decade on Friday, returning roughly 12% as quarter-end window dressing may present an interesting opportunity in USDJPY.


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Q2 Price Action Themes in US Dollar, Euro, Gold and Oil

It’s been a busy month in the US Dollar, but the ascending triangle formation that’s been building for the past few months remains as the door opens into Q2 trade.


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Top 5 FX Events: January Canadian GDP & USDCAD Price Outlook

With Crude Oil prices rising by 18.5% in January, there was likely a positive impact on Canadian growth.


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Canadian Dollar Price Outlook: USD/CAD- Break or Bend, Monthly Highs

Loonie is virtually unchanged on the week with price posting well-defined opening-range just below resistance. Here are the levels that matter on the USD/CAD charts.


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Crude Oil Prices Plunge After Trump Tweet Bashes OPEC Supply Cuts

President Trump took his latest jab at OPEC and the oil cartel's supply cuts which sent crude plunging nearly 1 percent as the US President stated the importance of OPEC increasing the flow of oil.


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USD/JPY Rate Outlook Mired by Inverting Yield Curve, Wait-and-See Fed

Developments coming out of the U.S. may continue to impact the near-term outlook for USD/JPY amid the inversion in the Treasury yield curve.


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Central Bank Weekly: Has the Fed’s Dovish Shift Altered the Market’s Course?

The March Fed meeting’s effects are still being felt more than a week later.


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UK PM Offers Brexit Resignation, Gold, Oil and UST Yields Slip Lower - US Market Open

The UK Parliament failed to pass any of the eight Brexit options in the House last night, leaving Sterling traders scratching their heads. USD traders will try and reconcile a strong greenback against multi-month low US Treasury yields.


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EURUSD Drives Deeper into Support as Euro Weakness Remains post-FOMC

In a continued race to the bottom, EURUSD rallied after a dovish ECB rate decision and the US Dollar has rallied after a dovish FOMC rate decision.


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Top 5 FX Events: March German CPI & EUR/JPY Price Outlook

Inflation rates in the Eurozone’s largest economy appear to have stabilized in the near-term.


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Gold & Silver Price Charts Starting to Roll Over

Precious metals are starting to show signs of further weakening further from here, with silver as per usual leading the way on the downside.


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Top 5 FX Events: Final Q4’18 US GDP & USDJPY Price Outlook

Consensus forecasts call for Q4’18 US GDP to come in at 2.4% annualized.


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Gold Price and Yen to Benefit if Market Sentiment Deteriorates Further

Safe havens like gold, the Japanese Yen, US Treasuries and Bunds could prove attractive if confidence in the financial markets continues to ebb.


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GBPUSD Price Resilience Being Tested After Brexit Vote Shambles

The UK Parliament voted to take control of the Brexit process this week, in an effort to break the current deadlock, but at the first opportunity to do so, they went missing.


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Trading Outlook for AUDUSD (Bearish) and USDCAD (Bullish)

The trading bias for Aussie continues to be for more weakness, while USDCAD continues to hold up and look headed higher in the days to come.


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Aussie, New Zealand Dollars May Resume Drop If US GDP Underwhelms

The Australian and New Zealand Dollars may face renewed selling pressure while the anti-risk Yen gains if a disappointing US GDP revision stokes global slowdown fears.


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Gold, Crude Oil Prices May Fall on Disappointing US GDP Revision

Gold and crude oil prices may fall while the US Dollar attracts haven-seeking capital flows if a disappointing US GDP revision keeps investors in a downbeat mood.


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Asian Stocks Mostly Lower As Focus Returns To Shrinkng US Yields

Asia Pacific equity endured another mixed and scrappy session Wednesday, with global growth worries looming large. The US Dollar made small gains, with its New Zealand cousin hit again


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USD/MYR Outlook Bullish. USD/IDR, USD/PHP Inch Closer to Breakout

USD/MYR may be readying to turn higher on bullish technical warnings. Meanwhile, as USD/SGD sticks to consolidating, USD/IDR and USD/PHP are inching closer towards a breakout.


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Dow’s Sidling Up for a Break, Dollar Gains Despite Itself, Brexit Headline Chaos

Risk trends are biding time until the next critical break for risk trends is made. In the meantime, the Dollar is taking advantage of its ‘counterpart’ appeal and the Pound is simply lost in the unchecked troubles of Brexit.


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Currencies May See Wild Swings if Slow Growth Breaks CLO Market

Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in the fragile market for collateralized loan obligations (CLOs).


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New Zealand Dollar Fades As ANZ Business Confidence Flops Again

The New Zealand Dollar was already on the defensive thanks to this week’s gloomy summing-up from it central bank. Weaker business confidence hit it further.


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Currency Volatility: Data Could Spark EURJPY Price Action

EURJPY forex traders could see the currency pair gyrate tomorrow in response to upcoming economic data releases. What key levels should you watch for?


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GBP Dives as UK Fails to Agree on Brexit Alternative. JPY May Rise

GBP/USD dived as the UK Parliament failed to reach a consensus for an alternative Brexit solution to Theresa May’s deal. The Yen may rise as Asia stocks follow Wall Street lower.


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Dow Jones Outlook: Index Awaits US GDP on Shaky Ground

The Dow Jones will await Thursday’s release of annualized GDP data as US indices stand on a shaky fundamental backdrop and industrials stumble under pressure.


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Oil Price Outlook: Crude Breakout Battles 60- WTI Trade Levels

Oil prices have stalled at four-month highs and leave the immediate rally vulnerable sub-60. Here are the targets & invalidation levels that matter on the WTI charts.


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Will GBP Rally Resume With PM Theresa May’s Resignation Offer?

Theresa May is said to step down from her position as UK's Prime Minister to get her Brexit deal across Parliament's finish line. The news could provide clarity to the previously-clouded path to Brexit and help push the British Pound higher.


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Gold Prices Risk Larger Pullback as Fed Defends Wait-and-See Approach

Gold snaps the recent series of higher highs & lows, with the price for bullion at risk for a larger pullback as Fed officials defend the wait-and-see approach.


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GBP/USD Technical Analysis: Eerily Calm - Remain Cautious

Cable (GBPUSD) has quieted down this week as a short-term range formation has built on the chart. That can be a dangerous formation to plot for continuation given the frenetic price action that was on display.


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S&P 500 : Traders Net-Short Increased by 7.7% 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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EUR/USD: Traders Increase Net-Long Positions from Last Week

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


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GBPUSD: Traders Net-Long Increased by 13.2% from Last Week

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


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Bitcoin: 78.1% of Traders Are 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 Bitcoin-bearish contrarian trading bias.


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The Bank of England: A Forex Trader’s Guide

Learn how the Bank of England’s (BOE) monetary policy affects the Pound Sterling (GBP)


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Kiwi Price Outlook: NZD/USD Post-RBNZ Sell-Off Targets Yearly Support

Kiwi is off nearly 2% from the monthly highs on the back of the RBNZ rate decision. Here are the targets & invalidation levels that matter on the NZD/USD charts.


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DJIA: Dow Bull Pennant Offers Clear-Cut Invalidation Level

A very strong January and February has seen the Dow spend most of March on its back foot. But is doom and gloom ahead, or are prices gearing up to rip around the Q2 open?


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US Dollar Gains as Yields Drop; US-China Trade War Update; Brexit Latest

The DXY Index is down for a fourth day as the European currencies continue to make up ground as hopes to avoid to a “hard Brexit” scenario are building.


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EURUSD Bounces from 1250 as Kiwi (NZDUSD) Crumbles From Resistance

Ranges and congestion remain across a number of FX pairs with the end of Q1 drawing near; but a pronounced reaction in NZDUSD showed last night in response to RBNZ.


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Crude Oil Prices May Resume Their Advance

Crude oil prices are marginally weaker Wednesday after the latest US inventory data but the fundamentals remain positive.


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Brexit Latest Curbs Sterling, RBNZ Turns Dovish - US Market Open

Sterling (GBP) traders are sitting on their hands ahead of a series of indicative Brexit votes later today. On the other side of the world, the RBNZ highlights reasons for an interest rate cut ahead.


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Top 5 FX Events: Third Brexit Vote & GBPJPY Price Outlook

The Brexit extension from March 29 to April 12 is contingent upon the UK parliament passing Prime Minister Theresa May’s Withdrawal Agreement.


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Trading Outlook for Gold Price, Crude Oil, Dow Jones, DAX 30 & More

Channel in gold offers clean guide, crude oil near upper-end of channel, Dow could be building triangle pattern, while the DAX may be heading lower soon.


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S&P 500 and Dow Jones Charts May Be Working Towards Tradeable Formations

The S&P 500 may be in the process of developing a rising wedge while the Dow works on a symmetrical triangle under resistance, more time needed but explosive move could develop with time.


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EURUSD Price Remains Under Pressure, ECB’s Draghi Reiterates Downside Risks

The Euro continues to trade below 1.1300 against the US dollar with the latest downside nudge fueled by today’s ECB caution.


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Brexit Votes May Distract From Global Slowdown Worries

Financial markets may be distracted from worries about a slowdown in global economic growth as traders eye another round of votes shaping the trajectory of Brexit.


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GBPUSD Outlook: Brexit Voting in Parliament to Dominate Trading

The GBPUSD price is still heading lower ahead of another important day for Brexit but day traders should be wary of extreme volatility.


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GBPNZD: Dovish RBNZ Fuels a Bullish Bias

Bullish sentiment in GBPNZD is set to grow in the short- to medium-term after the New Zealand central bank admitted that the next move in its Official Cash Rate (OCR) is lower.


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Asian Stocks Mixed, China Mainboards Gian Despite Dire Profit Slump

Asian mainboards put in a patchy midweek performance with Wall St. ‘s modest gains helping to mitigate some weak regional numbers


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Crude Oil Prices May Fall on Growth View, Confirming Chart Setup

Crude oil prices may fall as worries about a slowdown in global economic growth resurface, confirming bearish cues in technical positioning.


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Japanese Yen Technical Analysis: USD/JPY Fall Stalls At Key Prop

The Japanese Yen has at last broken out of this years long downtrend against the US Dollar, but its gains seem to be losing momentum before they've gone very far


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EUR/USD Technical Analysis: Euro Set to Test Below 1.12 Again?

The Euro may be heading back below the 1.12 figure to test the March swing low against the US Dollar after a would-be upside breakout fizzled.


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Dow’s Biggest Bullish Gap in 2 Months Holds Little Promise, Euro Sinks EURUSD

A hefty gap higher followed by absolutely no follow through: the performance from the benchmark US equity index is a remarkable stand in for the sentiment conducting the pace of sentiment across the financial system.


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NZDUSD Tumbles Through Support as RBNZ Hints Rate Cut as Next Move

NZD/USD tumbled, clearing support as the RBNZ left rates unchanged and hinted that it is more likely that its next rate move could be a cut as risks to the outlook shifted lower.


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Yen Weakens as Crude Oil Prices Rise. NZD May Fall on Dovish RBNZ

The anti-risk Japanese Yen fell as sentiment mostly improved and crude oil price gains fueled energy sector stocks. Ahead, NZD/USD may fall if the RBNZ talks up rate cut prospects.


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NZD/USD Rate Outlook Remains Constructive Ahead of RBNZ Meeting

The RBNZ meeting may shake up the near-term outlook for NZD/USD as the central bank shows little to no interest in altering the outlook for monetary policy.


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Top 5 FX Events: March RBNZ Meeting & NZDUSD Price Outlook

Rates markets are currently pricing in a 0% chance of a rate move by the RBNZ this coming week.


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Italy’s Embrace of Chinese Investment May Ignite US-EU Tension

A visit from Chinese President Xi Jinping to Italy may ignite geopolitical and trade war concerns after the two countries signed $2.8 billion in new deals.


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FX Price Action Setups in EURJPY, NZDUSD and USDCAD

It’s been a busy start to 2019 but, for all intents and purposes, the US Dollar hasn’t done much by way of excitement.


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Currency Volatility: New Zealand Dollar Eyes RBNZ Rate Review

The Reserve Bank of New Zealand's upcoming interest rate decision has potential to send spot NZDUSD swinging according to overnight implied volatility.


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Gold Price Outlook: XAU/USD Rally Folds from Fibonacci Resistance

Gold prices have eased back from technical resistance near four-week highs. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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Oil RSI Flirts with Overbought Territory as OPEC+ Plans to Meet in May

Recent price action raises the risk for a further advance in crude oil as the Relative Strength Index (RSI) continues to flirt with overbought territory.


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Oil Price Re-Tests $60 as Yen-Strength Steps Back; EURUSD Tests Range

The Q2 open nears as a number of FX themes remain of interest, and risk aversion has taken a step back after re-appearing following FOMC last week.


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Brexit Votes, US Data & Equity Market Rebounds - US Market Open

Sterling remains volatile after PM May looks set to cede control of Brexit to Parliament while the US dollar waits for a raft of data releases. In the equity space, markets turn positive after recent losses.


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Market Sentiment Dented By Economic Slowdown Fears | Webinar

Traders remain confident about the outlook for the markets but sentiment is less positive than it has been and haven assets like gold and US Treasuries are benefiting.


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US Dollar Price Continues to Stabilize But Next Move Could be Lower

USD is more stable after last Wednesday’s sharp fall but a further decline cannot be ruled out.


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Trading Forecast for NZDUSD, CADJPY, Gold Price & More

Today, we looked at a few charts of interest, with important levels undergoing test in a couple of pairs while gold continues to trade neatly within the confines of a channel.


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GBPUSD Rudderless as PM May Loses Control of Brexit

UK PM Theresa May lost control of the Brexit process last night as MPs voted to put forward indicative votes to Parliament on Wednesday.


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EURUSD Price Pushed Lower as German Export Sentiment Crumbles

Business confidence in Germany has ‘clearly deteriorated’ according to the latest ifo Export Expectations, weighing further on an already weak Euro.


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FTSE Technical Analysis – Backdrop Weakens, but Still in Channel

The FTSE took a hit the other day but is still trading within the confines of the bullish channel off the December low.


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Pound Eyes Parliament-Led Brexit Efforts, Yen May Resume Rise

British Pound volatility is likely as the UK Parliament tries to wrest away control of Brexit from the government. The Yen may rise amid renewed global slowdown fears.


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Will US Consumer Confidence Data Extend Asia Stocks Recovery?

Asia Pacific stocks traded mostly higher as recession fears ebbed. The Nikkei 225 has more room left to recover losses. Ahead, will US consumer confidence boost optimism further?


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Gold Prices Eye Diverging US Dollar, Bond Yields for Direction

Gold prices are weighing the conflicting influence of the US Dollar and bond yields to divine direction cues amid worries about a slowdown in global economic growth.


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ASX 200 Technical Analysis: Gradual Decline Brings 6000 Back To Fore

The ASX 200 has slipped a little more gracefully than some developed market indexes as risk appetite wains. Still, important support is now uncomfortably close.


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NZD/USD Technical Analysis: Triple Top Forming Below 0.70 Figure?

The New Zealand Dollar may be setting up a bearish Triple Top chart pattern below the 0.70 figure against its US counterpart. Confirmation of a downturn is still pending.


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Recession Concerns Not Yet a Market Panic, Dollar and Pound Face Struggle

Though risk appetite has not regained traction, averting an avalanche of fear after last week’s recession fixation is likely a relief for bulls. Established troubles have not passed however, so traders should remain cautious.


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S&P 500 Outlook: Dark Clouds Forming Over US Markets

An inverted yield curve, record buybacks and a buyback-blackout period look to cast a shadow over the S&P 500 and other US equity markets.


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GBP/USD Gains, UK Parliament Forces Votes on Brexit Alternatives

GBP/USD gained as UK’s Parliament seized control from May’s government, forcing votes on alternatives to her Brexit deal. The anti-risk Japanese Yen may rise as recession fears linger.


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A Key Yield Curve Inverted, But Should Investors Worry?

A negative spread between the 3-month and 10-year treasury yield has investors wondering whether or not the economy will be entering a recession since the last time this happened was before the 2008 recession.


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Spot Gold Price Chart Shows Parabolic Climb Amid Plummeting Yields

XAUUSD eclipsed the $1,320 price level as investor concern over slowing global growth has led to a collapse in long-term interest rates and another inversion along the US Treasury yield curve.


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Gold Prices Ripe for a Dip While USD/JPY May Preparing to Rip

Gold and silver prices have retraced higher to a pivot level that may drive them lower. EURUSD, USDJPY, NZDUSD looking for support in bullish patterns.


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Euro Price Outlook: EUR/USD Battle Lines Drawn into March Close

Euro is off more than 1.1% from the pre-FOMC high with price now targeting uptrend support. Here are the targets & invalidation levels that matter on the EUR/USD charts.


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Why Does the US Yield Curve Inversion Matter?

With US equity markets recently under pressure, financial news media have pointed to movement in the bond market as the key catalyst.


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GBPUSD: Brexit Latest Pushes Overnight Implied Volatility to Extremes

Spot GBPUSD could skyrocket or plummet over the next 24-hours according to implied volatility priced in to overnight option contracts as the Brexit saga continues.


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USDJPY Forecast: Sentiment Mimics Conditions Prior to 2019 Flash-Crash

USD/JPY extends the series of lower highs & lows from last week, with the pickup in dollar-yen volatility spurring a further shift in retail FX sentiment.


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Weekly Trade Levels for DYX, EUR/USD, USD/CAD, Gold, Oil & 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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FX Week Ahead - Top 5 Events: RBNZ Meeting; Canada & US GDP; German CPI; Brexit Latest

The last week of March sees a lighter economic calendar, but significant data and events loom.


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The SNB: A Forex Trader’s Guide

Learn how the Swiss National Bank (SNB) monetary policy affects the Swiss Franc (CHF)


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Brexit News and Risk-Off Sentiment Dominate - US Market Open

Last Friday's equity sell-off rolled over into Asia and Europe today, knocking indices markedly lower at the open, as risk-off sentiment took hold of the marketplace. And Sterling volatility may ramp up as UK PM May fights for her job.


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Weekly Trading Forecast: Risk Trends Shudder as the Market Processes Growth Fears and Monetary Policy Shortcomings

Risk appetite has been a primary feature of the market’s landscape throughout 2019 thus far. However, this speculative charge seemed to find its traction in hope.


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Weekly Technical Forecast: Dollar Breakouts Fall Apart While Equities and Oil Rallies Stumble

Despite what implied volatility readings suggest, markets are showing greater volatility in actual price action.


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Dollar Charts – EURUSD, USDCAD, AUDUSD, NZDUSD Reversals to Follow Through

The weekly reversal in USD has further strength in focus in the days ahead; levels and lines to watch in various pairs.


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GBPUSD Price Edgy, PM May Under Renewed Brexit Pressure

UK PM Theresa May is coming under increased pressure to step down as leader of the Conservative Party as Parliament looks at other Brexit options to try and break the current stalemate.


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Gold Price - Eyes a Fresh One-Month High on Risk-Off Bid

The Gold rally off the low seen earlier this month continues unabated, refuelled by growing concerns that the gloomy global economic outlook may last for longer.


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DAX 30 Technical Outlook: Another Major Decline May Have Just Begun

The DAX was caught up around big long-term levels, bottom of a major topping pattern; last week's sharp downturn and break of support has bigger losses in focus now.


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Euro May Fall as Yen, US Dollar Rise on Soft German IFO Data

The Euro may fall while the Yen and US Dollar track higher if German IFO business confidence data disappoints, stoking global slowdown worries.


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ASEAN FX at Risk to US Recession Fears & Sentiment on Brexit, ECB

The US Dollar may regain ground versus ASEAN currencies if rising concerns about a recession fuel demand for safe havens. Markets eyeing US economic data, Brexit and ECB commentary.


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Crude Oil Prices May Validate Bearish Chart Cues on Growth Fears

Crude oil prices may validate technical positioning hinting that a top is taking shape as worries about slowing global growth stoke market-wide risk aversion.


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Nikkei 225 Technical Analysis: Key Uptrend Channel Under Big Threat

The Nikkei 225 has shared fully in this year’s equity gains, but its daily chart suggests that the bulls are getting very tired.


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AUD/USD Technical Analysis: Inching Closer to Resuming Down Trend

The Australian Dollar is inching closer to confirming the resumption of the down trend against its US counterpart as prices probe below near-term chart support.


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S&P 500 Falls, Leaves Reversal Warning. Japanese Yen May Gain

Sentiment collapsed on Friday following dismal European economic data with the S&P 500 leaving bearish reversal warnings. Asia Pacific stocks may fall as anti-risk Japanese Yen gains.


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US Equity Outlook: Charts Show Stocks at Crucial Inflection Point After Fed

The Dow Jones Industrial Average and SP500 are levitating above technical confluence as the boost to stocks from a dovish Fed is offset by cuts to economic forecasts.


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Weekly Technical Forecast: Dollar Breakouts Fall Apart While Equities and Oil Rallies Stumble

Despite what implied volatility readings suggest, markets are showing greater volatility in actual price action. From the tentative turns in the Dow and crude oil to the persistent waves of nausea in FX activity levels, traders should remain vigilant and question the heft of nearby technical boundaries.


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Weekly Trading Forecast: Risk Trends Shudder as the Market Processes Growth Fears and Monetary Policy Shortcomings

Risk appetite has been a primary feature of the market’s landscape throughout 2019 thus far. However, this speculative charge seemed to find its traction in hope – hope that trade wars were easing, central banks would raise support and growth would level out. Those hopes are wavering and so too is confidence.


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Dow Jones, FTSE 100 and DAX 30 Fundamental Forecast

The Dow Jones will cope with a dovish Fed and lower growth forecasts while European equity markets look to avoid a “no-deal” Brexit.


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Euro Weekly Technical Outlook: EURUSD Rejected by 200-DMA Again

A mid-week rally in EURUSD, on the back of a short-lived US dollar sell-off, was quickly re-traced with the path of least resistance for the pair likely lower in the short-term.


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Euro at Risk on Data Flow and ECB Comments, Brexit Vote May Eyed

The Euro may face further selling pressure as incoming data flow and downbeat ECB commentary weigh on policy expectations. Another Brexit vote threatens volatility.


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Weekly Gold Price Forecast: Channel Provides Guide for Longs & Shorts

Gold is trading higher within a channel which keeps short-term momentum edging upward, but a breakdown may soon usher in sellers.


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Gold Price Outlook Clouded by Recession Signals, US Econ Data Drop

Gold prices rose as a dovish Fed sent bond yields lower and fears of a recession subsequently increased. Near-term XAU/USD outlook neutral, precious metal eyeing US GDP and core PCE inflation.


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Is FOMC Scared of a Stronger DXY? Apparently So, As They Should

Unfortunately, the Federal Reserve does not speak in a vacuum. Despite their desire for a weaker US Dollar, the rest of the world seems to see US assets (and thereby) the US Dollar as a likely haven from global weakness, which could potentially frustrate the Fed’s plans.


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Post-FOMC U.S. Dollar Recovery to Face Slowing GDP Report

Developments coming out of the U.S. may continue to drag on the dollar as ‘data arriving since September suggest that growth is slowing somewhat more than expected.’


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British Pound Volatility Continues and a Break Is Inevitable…

The Pound exhibited extraordinary volatility these past weeks as the markets chewed over Brexit uncertainties. As uncertainty prevails, a breakout will be tough to secure; but exceptional volatility will eventually lead to a break.


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GBP Fundamental Forecast: And The Brexit Band Played On

Another week consisting of point, counterpoint, noise and rumors ends up with no-one any the wiser as to how and when Brexit will end. And yet Sterling continues to battle to keep its head above water.


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Crude Oil Weekly Forecast: Rising Global Growth Concerns Sink Oil Prices

As more of the US Treasury yield curve sinks into inversion territory, concerns about global growth have flared – dragging down energy prices in the process.


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Top 5 FX Events: January Canadian GDP & USDCAD Price Outlook

With Crude Oil prices rising by 18.5% in January, there was likely a positive impact on Canadian growth.


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Top 5 FX Events: Third Brexit Vote & GBPJPY Price Outlook

The Brexit extension from March 29 to April 12 is contingent upon the UK parliament passing Prime Minister Theresa May’s Withdrawal Agreement.


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S&P 500’s Slide Alongside GDP Fears and Political Risks Bring Weekend Anxiety

This past week ended with an unmistakable stumble in all things risk sensitive. With palpable concerns of recession, flailing monetary policy efforts and renewed political risk; the first 48 hours next week will prove crucial.


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Top 5 FX Events: March German CPI & EUR/JPY Price Outlook

Inflation rates in the Eurozone’s largest economy appear to have stabilized in the near-term.


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Top 5 FX Events: Final Q4’18 US GDP & USDJPY Price Outlook

Consensus forecasts call for Q4’18 US GDP to come in at 2.4% annualized.


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Aussie Weekly Technical Outlook: AUD/USD Rebound Stalls Post-Fed

Aussie is poised to post a weekly doji just above yearly open support. These are the key targets and invalidations levels that matter on the AUD/USD weekly chart


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Australian Dollar Likely Loser In Ugly Contest With US Cousin

The Australian Dollar gained when the US Fed struck a dovish tone last week. But markets soon realized that what applies to the Fed probably goes double for the RBA.


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FX Week Ahead: RBA & BOE Rate Decision; Canadian & New Zealand Jobs

Rates markets are currently pricing in a 0% chance of a rate move by the RBNZ this coming week.


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Currency Volatility: Forex Price Action Setups for Next Week

Forex option traders have begun to price in higher anticipated volatility for GBPUSD, EURUSD, JPYUSD and USDCAD currency pairs headed into next week.


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Brexit No-Deal Is Increasingly Likely After Another Rejection Hits GBP

Parliament’s vote next week will determine whether a no-deal Brexit will be more likely and the effects it will have on GBPUSD.


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Crude Oil Price Forecast: Evening Star Prints as $60 Breakout Fails

The bullish 2019 trend in Oil prices finally found some resistance this week at the $60-handle, at which point a bearish formation printed. But will buyers completely step back ahead of the Q2 open?


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Forex Setups for the Week of March 25, 2019

It was a climactic week across global markets and the final week of Q1 awaits. Will risk aversion continue after a generally upbeat start to 2019?


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Stock Market Fund Flows Suggest S&P 500 Sentiment Remains Bullish

The S&P 500 looks to end Friday’s session in a range that previously offered considerable resistance in a week where the SPY, IVV and VOO ETFs recorded $6.4 billion in inflows.


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Shift in USD/JPY Sentiment Persists Despite Bets for Fed Rate-Cut

The IG Client Sentiment report shows 52.4% of traders are now net-long USD/JPY even though the exchange rate slips to a fresh monthly-low (109.74).


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Kiwi Weekly Price Outlook: NZD/USD Rebuffed at 2019 Range Resistance

Kiwi failed at key resistance this week and keeps the focus on a break of the yearly opening-range. Here are the levels that matter on the NZD/USD weekly chart.


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NFP and Forex: What is NFP and How to Trade It?

Learn how the non-farm payroll (NFP) figures affect the forex market and how to trade it.


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USDJPY: Is Yen-Strength Sending a Signal as the US Yield Curve Inverts?

It was a wild week on short-term charts of the US Dollar, but the net result at this point has been a doji. But under the hood, signals may be showing risk aversion potential.


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US Dollar Rebound Continues; Brexit Latest; US-China Trade War Update

After getting hit hard on the FOMC meeting day, the US Dollar rebound continued into a second day.


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Euro Slumps, Brexit Delay, President Trump on China Deal - US Market Open

The latest set of Euro-Zone PMIs make sober reading, suggesting Q1 growth of just 0.2% in the single-block. Meanwhile Sterling continues to get to grips with the latest Brexit update.


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Charts for Next Week: USD, EURUSD, USDCAD, CADJPY, Gold Price & More

The Dollar bounced from confluent support, keeps broader pattern intact, Euro looking lower, USDCAD to resume higher, while gold has a technical structure that could bring sellers in.


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USD/CAD Rate Forecast: Post-FOMC Advance at Risk on Sticky Canada CPI

Updates to Canada’s Consumer Price Index (CPI) may curb the recent advance in USD/CAD as the headline reading for inflation is expected to hold steady at 1.4%.


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Sterling (GBP) Needs More Than Brexit Can-Kicking to Push Higher

Sterling moves back off Thursday’s 10-day low after the EU said that Article 50 could be delayed until May 22 if the UK approves the current Withdrawal Agreement.


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EURUSD Sentiment Broken After Feeble German and French PMIs

The Euro took a sharp turn lower early Friday morning after the latest set of Euro-Zone PMIs highlighted the ongoing weakness in the single-block.


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DAX 30 & CAC 40 Charts – Backing Down into Important Channel Support

The DAX is in a tug-of-war between major resistance and intermediate-term support, the CAC doing a tightwire act in its bullish channel dating back to December.


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Yen, US Dollar May Rise as PMI Data Stokes Global Slowdown Fears

The anti-risk Japanese Yen and US Dollar may trade higher as PMI data out of the US and the Eurozone stoke worries about a downturn in global economic growth.


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Gold Prices May Struggle to Capitalize if PMI Data Sours Market Mood

Gold prices may struggle to capitalize if Eurozone and US PMI data stokes global slowdown fears if the resulting selloff boosts haven demand for the US Dollar.


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Asian Stocks Mostly Lower, US China Trade Talks In Nervous Focus

Asia Pacific equity mostly faded into Friday’s close as worries about a trade settlement between the US and Chine returned to dominate sentiment


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Norges Bank Raises Rates, Krone Rallies on Unexpected Hawkish Outlook

The Norges Bank raised rates yesterday to 1.00% as expected, though market participants were caught off-guard by the central bank’s hawkish outlook.


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EUR/GBP Technical Analysis: Bullish Reversal Signs vs Brexit News

EUR/GBP’s dominant downtrend is at risk due to technical bullish reversal signals. These hint it may have bottomed, but Brexit developments remain a fundamental wildcard for Sterling.


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Dollar Avoids Bearish Breakdown for Now, Dow Climbs Despite Growth Concerns

A notable stall in risk trends after the Fed’s dovish shift has lifted with a bounce from US equities. Is it enough for a risk run? What will PMIs do for growth concerns? Will Brexit talk keep Sterling off kilter?


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Currencies May See Wild Swings if Slow Growth Breaks CLO Market

Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in the fragile market for collateralized loan obligations (CLOs).


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EUR/USD Vulnerable to Range-Bound Conditions as Post-FOMC Strength Fade

EUR/USD may continue to consolidate over the remainder of the month as the exchange rate snaps the series of higher highs & lows from earlier this week.


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GBP/USD Uptrend Holds, EU Gave May Third Shot to Pass Brexit Deal

GBP/USD fell on the ongoing Brexit saga as the EU gave UK Prime Minister Theresa May a third shot to pass her divorce deal in Parliament next week. Ahead, the Japanese Yen may fall.


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Dow Jones Forecast: History Suggests FOMC Policy May Buoy Index

Historical performance suggests the Fed’s accommodative monetary policy may outweigh growth concerns, thereby bolstering the Dow Jones.


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FX Price Action Setups in EURUSD, USDCNH and Gold Price

It’s been a chaotic 24 hours since yesterday’s FOMC rate decision.


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Euro Weekly Price Outlook: EUR/USD Rejected at Yearly Open Resistance

Euro tested key resistance post-FOMC with the March recovery now vulnerable into the close. Here are the levels that matter on the EUR/USD weekly chart.


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GBPUSD Selloff Ensues After Brexit Delay Response from European Council

The European Council has drafted a response to PM May's Brexit extension request that comes up shorter than the UK's request.


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Central Bank Weekly: After Fed Meeting, One Cut Priced-In for 2020

The March Fed meeting produced a large reaction by both US Treasury yields and the US Dollar.


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Gold: 71.1% of Traders Are Net-Long

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


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USDJPY: 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 USDJPY-bearish contrarian trading bias.


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Gold Gets Bid Following FOMC Meeting Amid Bets for December Rate-Cut

Gold prices have reversed course ahead of the 2019-low ($1277), with the price of bullion climbing to a fresh monthly-high ($1320) following the FOMC meeting.


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Brexit Uncertainty Leaves GBPUSD Implied Volatility At 32-Month Highs

Given the latest Brexit uncertainty, it cannot be overstated the potential volatility the Pound faces.


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Gold Price Breaks Out to Fresh Highs as EURUSD Rebuffed at Resistance

Yesterday's FOMC meeting saw the bank take on a dovish tone, bringing a fast move of USD-weakness until a key level of support came into play.


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GBPUSD Price Limited as BOE Remains Sidelined by Latest Brexit News

The latest Brexit developments are in control of the British Pound, leaving the Bank of England sidelined.


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Dovish FOMC, BoE Rate Decision, Euro Finds a Bid - US Market Open

The US dollar is on the backfoot after last night’s dovish FOMC pulled the rug from under the greenback. Coming up, the Bank of England’s latest policy decision will be confined by ongoing Brexit chaos.


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Becoming a Better Trader – Setting Stops, Targets, and Tying in Risk Management

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Brexit Gridlock Likely to Keep BoE Rates Unchanged - Preview

Bank of England (BoE) officials are likely to vote unanimously to keep the benchmark interest rate unchanged at 0.75% as Britain tries to overcome the political gridlock it faces. GBPUSD was trading a little stronger yesterday as the Fed rejected any rate hikes this year.


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S&P 500 Backing into Support, Dow Jones & Nasdaq 100 Chart Outlook

The S&P 500 recently broke resistance which is now being tested as support, while the Dow and Nasdaq 100 continue to display glaring relative strength differences.


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EURUSD Price Hitting Resistance But Sentiment Remains Bullish

The Euro is pushing higher against a weak US dollar and nears an area of technical resistance. With client sentiment still bullish a break higher could see the 2019 high under pressure.


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Yen May Rise as Dovish SNB, BOE Add to Global Slowdown Worries

The Japanese Yen may rise as dovish guidance from the SNB and the BOE add to worries about slowing global economic growth in the wake of the Fed rate decision.


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Crude Oil Prices May Retreat as Central Banks Stoke Growth Fears

Crude oil prices may retreat as downbeat comments from the SNB and the BOE compound Fed-driven worries about a slowdown in global economic growth.


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Asia Stocks Follow Wall Street Response to FOMC, FTSE 100 Eyes BoE

Like the reaction to the Fed, Asia Pacific stocks traded mixed. The ASX 200 fell as a jobs report reduced dovish RBA expectations. GBP/USD and FTSE 100 eye the BoE, Brexit saga.


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Norwegian Krone Eyeing Norges Bank Rate Decision After FOMC

NOK traders will be on their toes as the Norges Bank prepares to release its rate decision which many are anticipating will be a hike. However, after today’s FOMC meeting, the question is can they afford to?


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Caveats to a EURUSD Break and Questions for S&P 500 Slip After Fed

The Fed has made clear that it is easing up the reigns on normalization, but the favorable turn in monetary policy is being met with the same lackluster response as the seeming turn in trade wars. What does this mean for markets and trading?


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Nikkei 225 Technical Analysis: Uptrend Hangs On, But Looks Tired

The Nikkei 225 has risen reliably for much of this year, but its rise is starting to appear a little stretched. Bulls need to challenge the top of both range and up-channel


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Gold Price Forecast Brightens amid Drop in US Treasury Yields

Gold prices may see further gains as US Treasury yields continue their break lower in the near-term.


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Australian Dollar Gains As Jobless Rate Falls Below 5%

The Australian Dollar spiked up on news that domestic unemployment had fallen below 5% for the first time since 2011. Job creation slowed markedly though.


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US Dollar Down, S&P 500 Shows Weakness After Decidedly Dovish Fed

The US Dollar fell as the S&P 500 trimmed sharp gains on a more dovish Fed that downgraded economic projections and rate hike estimates. AUD/USD may rise on a rosy jobs report.


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Currency Volatility: Brexit Latest Puts UK and British Pound at EU’s Mercy

The British Government officially stated the UK will not leave the EU on March 29, but PM Theresa May has requested a Brexit extension to June 30.


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NZDUSD Uptrend Extends, 4Q GDP Data Ebbs Near-Term Showdown Fears

NZD/USD unexpectedly rose, closing at its highest since December on lackluster fourth quarter New Zealand GDP data which might have reduced near-term economic slowdown fears.


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Dow Jones Grasps for Direction After Dovish Fed, Weaker Dollar

The March meeting of the Federal Reserve brought sobering US growth forecasts with it. Now, the Dow Jones must balance a dovish Fed with a weaker domestic economy.


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Slowing New Zealand GDP to Rattle Post-Fed NZD/USD Rally

New Zealand’s GDP report may rattle the NZD/USD rally following the FOMC meeting as the growth rate is expected to narrow to 2.5% from 2.6% in the third-quarter of 2018.


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US Dollar Dives After March FOMC Meeting Reveals Dovish Fed

The US Dollar added to recent losses as Federal Reserve officials struck a dovish tone in March’s monetary policy meeting after disappointing growth and inflation forecasts.


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How Central Banks Impact the Forex Market

Central banks play a major role in the economy. Learn how their policies and interest rate hikes can impact currency trading.


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Oil Weekly Price Outlook: Crude Rally Testing Critical Resistance Zone

Crude oil has rallied nearly 10% from the yearly low with price now testing a key technical resistance zone. Here are the levels that matter on the WTI weekly chart.


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FOMC Preview: EUR/USD to Eye Monthly-High on Dovish Forward-Guidance

A material shift in the Federal Reserve’s forward-guidance may fuel the recent advance in EUR/USD if the FOMC shows a greater willingness to abandon the hiking-cycle.


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Gold, EURUSD Test Resistance as USD Goes into FOMC on Back Foot

Today's FOMC rate decision takes place amidst a backdrop of short-term USD-weakness, running in contrast to the bigger-picture theme of strength. Will Dollar bulls make a comeback?


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US Market Open: Top 3 Market Drivers - Brexit, FOMC and Trade Risk

Brexit continues to direct Sterling while the latest FOMC meeting later today will shape US dollar moves in the short-term. In the background, US-China trade talks continue to garner market attention.


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

Gold is vulnerable to selling in the days ahead, crude oil continues to be steadily higher but reaching towards resistance, while stocks may be due for a set-back but remain constructive.


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Sterling (GBP) Price Slips on Renewed Brexit Confusion, UK Inflation Stable

Sterling slips back to near the bottom of its recent trading range as Brexit confusion continues to weigh on the currency. A 3-month Brexit delay, among other options, is mooted but nothing has been confirmed yet.


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FTSE Technical Analysis – Support on Dip, New Levels of Resistance Targeted

The FTSE has put together a nice rally the past few days, a break above one area of resistance has another area in focus with the prior ceiling becoming a floor on a dip.


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Crude Oil Price - Next Move Will be Driven by US-China Trade Outcome

Crude oil continues to trade near its multi-month high but a break higher will need a fresh impetus with the outcome of US-China trade talks the probable driver.


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US Dollar May Rise Despite a Defensive Turn in Fed Guidance

The US Dollar may rise despite a defensive turn in official Fed policy guidance as worries about slowing global growth stoke risk aversion and boost haven demand.


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Asian Stocks Slip As Trade Worries Reemerge, Fed Decision Eyed

Asia Pacific stock markets saw risk appetite drain away somewhat as \some disappointing trade reports crossed the wires


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USD/IDR Technical Outlook Bearish. USD/PHP, USD/SGD Seem Bullish

The US Dollar technical outlook against its ASEAN counterparts is mixed. USD/IDR may be on the verge of turning lower while USD/PHP and USD/SGD could be readying to climb.


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Gold Prices at Risk as Cautious FOMC Stokes Global Slowdown Fears

Gold prices may be at risk as a defensive pivot in Fed forward guidance leaves the markets’ policy bets broadly intact but stokes global slowdown fears.


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S&P 500 Hit by Trade War Rumors, EURUSD Ready to Break on Fed

The market’s focus is slowly but surely shifting onto the upcoming Fed rate decision – and for good reason. Yet, as important as this key rate decision (and forecasts) may be, don’t lose site of the other key developments across the markets.


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Japanese Yen Could Gain As Focus Grows On Creaking Inflation Target

The Japanese Yen market faces a clear disconnect between domestic economic data and monetary policy. What if that were to change?


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Fed Decision Threatens to Upend Unprepared Dollar, Risk Markets

The Fed rate decision on tap Wednesday is arguably this week’s top scheduled event risk. Speculation over rate forecasting is only one facet of this meeting’s critical importance. Why is it so important and what can we expect from the markets?


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Fed Decision Threatens to Upend Unprepared Dollar, Risk Markets

The Fed rate decision on tap Wednesday is arguably this week’s top scheduled event risk. Speculation over rate forecasting is only one facet of this meeting’s critical importance. Why is it so important and what can we expect from the markets?


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Japanese Yen Technical Analysis: USDJPY Still Eyes 112 Resistance

The Japanese Yen remains on the back foot against the US Dollar and seems likely to stay that way, especially if an important psychological resistance breaks


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Preview for March FOMC Meeting and US Dollar Price Forecast

The US Dollar has fallen only slightly this week thus far as traders have been awaiting the results of the Fed meeting.


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Trade War News Sink S&P 500. EUR/USD Sentiment Outlook Bullish

The S&P 500 trimmed gains on the latest US-China trade news. AUD/USD, NZD/USD fell. Japanese Yen may rise as Asia stocks weaken. Sentiment hints that the EUR/USD outlook is bullish.


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USD/JPY Rate Outlook Mired by Shift in Retail FX Sentiment

USD/JPY initiates a fresh series of lower highs & lows after failing to test the monthly-high (112.14), with the IG Client Sentiment report showing a shift in sentiment.


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Currency Volatility: Fed Impact on USD Looks Underpriced by Options Market

Anticipation for USD price swings with the FOMC decision tomorrow appears remarkably low - a scenario that sets up the potential for significant moves if the Fed takes markets by surprise.


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Pre-FOMC Price Action Setups Across the US Dollar

Tomorrow brings the March rate decision out of the Federal Reserve.


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S&P 500 Outlook: Index Sentiment, Financials Await Fed Decision

The Federal Open Market Committee will offer its interest rate decision and policy outlook Wednesday, which could have serious implications for the S&P 500.


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S&P 500 : Sentiment Suggests Mixed Trading Bias

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


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GBPUSD: 48% of Traders Are Net-Long

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


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EUR/USD: Traders Increase Net-Short Position

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


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Bitcoin:Traders Remain Net-Long

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


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DJIA: The Dow’s Golden Cross and the Vulnerability of Lag

The Dow is showing a 'golden cross' with the 50-day moving average moving back-above the 200. But is this actionable? And how can traders incorporate it into strategy?


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Oil Forecast: RSI Risks Overbought Signal as OPEC Scraps April Meeting

Recent developments surrounding crude raises the risk for higher oil prices as the Relative Strength Index (RSI) flirts with overbought territory.


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Gold Price Gains Towards Breakout as USD Drops to Next Support

The US Dollar is dropping ahead of tomorrow's FOMC meeting, and this is opening the door for continued strength in EURUSD along with bullish breakout potential in Gold prices.


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Sterling Ignores Brexit, Euro Remains Weak, Gold Grinds Higher - US Market Open

Brexit continues to move Sterling (GBP) as UK jobs data beats expectations, while ZEW data highlights Euro-Zone growth concerns. In the commodity space, gold and silver may be looking vulnerable.


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Technical Outlook for USD, AUDUSD, AUDNZD, Gold Price & More

The Dollar is backing down into support, AUD looking vulnerable on a couple of fronts, while gold, too, has potential for a decline soon.


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EURUSD Price Finding Upside Difficult After Latest ZEW Data

The Euro remained under downside pressure after the latest German and Euro-Zone ZEW data pointed to continued weakness.


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Sterling (GB) Dismisses Strong Jobs Data As Brexit Uncertainty Continues

The Pound has failed to push higher despite job data beating expectations. Both EURGBP and GBPUSD remain mostly unchanged as investors keep an eye out for Brexit progress and the BOE‘s meeting on Thursday.


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Gold & Silver Price Outlook Becoming Increasingly Bearish

Precious metals are struggling to gain traction, generally exhibiting bearish-looking price action in the short and longer-term...


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Sterling (GBP) Price Analysis, Charts and Pivot Points

Sterling remains underpinned despite the ongoing Brexit shambles. The EURGBP chart remains pointed to the downside and further falls are likely.


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Yen Up, S&P 500 Chart Warns of Topping Before Fed Rate Decision

The anti-risk Japanese Yen is up while the near-term S&P 500 chart setup shows signs of topping ahead of the much-anticipated FOMC monetary policy announcement.


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BRL, Ibovespa Eyeing Trump-Bolsonaro White House Meeting

The Brazilian Real and benchmark Ibovespa equity index are eyeing the meeting between US President Donald Trump and Jair Bolsonaro as the two discuss future relations.


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Crude Oil Price Recovery May Be Running Out of Steam

Crude oil prices may turn lower if technical signs of ebbing upside momentum find follow-through. API inventory flow data is on tap ahead.


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Asia Stocks Trim Some of Recent Gains as Nikkei 225 Uptrend Holds

Asia Pacific stocks slightly trimmed their recent gains as the FOMC neared. The Nikkei 225’s uptrend is still intact, held together by rising support from the beginning of this year.


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USD/SEK, USD/NOK Break Through Key Support - What’s Next?

USD/SEK and USD/NOK broke through key support levels as US Dollar strength faded and short-term volatility is to be expected from central bank-related event risk this week.


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ASX 200 Technical Analysis: Evening Star Threatens Deeper Reversal

The ASX 200 has enjoyed a strong bull run this year and seems happy at six-month highs. That may be deceptive however. Exhaustion could be setting in.


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S&P 500 Shows Little Enthusiasm After ’Break’, Expect Same from EURUSD

The S&P 500 cleared resistance late last week, but there is little appetite to flood in behind the break. EURUSD and GBPUSD seem on the cusp of the same. Should we limit expectations ahead of the Fed?


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Australian Dollar Ticks Up, RBA Minutes No More Dovish Than Usual

The Australian Dollar was broadly steady on the release of minutes from the last RBA monetary policy conclave. There was caution in them, but no more than is usual these days


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NZD/USD Technical Analysis: NZ Dollar Coiling Up for a Breakout?

The New Zealand Dollar seems to be coiling up for a breakout against its US counterpart but a clear directional bias is struggling to emerge.


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US Dollar Steadies Ahead of Fed Meeting as US Treasury Rates Rebound

The US Dollar gapped open higher at the start of the week, but remains little changed from Friday’s close with the Fed meeting looming.


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GBPUSD Fell, Another Vote on Brexit Deal Blocked. AUDUSD May Rise

GBP/USD fell more after it emerged that a third vote on Theresa May’s Brexit deal could be blocked. Risks for AUD/USD may be tilted to the upside on RBA minutes as Japanese Yen weakens.


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AUD/USD Rate Fails to Test Monthly-High Ahead of RBA Minutes

The recent advance in AUD/USD appears to be stalling ahead of the RBA Minutes as the exchange rate fails to test the monthly-high (0.7122).


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Currency Volatility: GBP and EUR Traders Expect Heightened Price Action

Implied volatility on GBPUSD and EURUSD option contracts nearly doubled from Friday as currency traders gear up for increased price action tomorrow.


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S&P 500 Outlook: Regulators Set Sights on Facebook and Google

The S&P 500 may encounter trouble should US regulators look to impose antitrust restrictions on some of the country’s largest tech names.


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S&P 500 Patterns Point to an Eventual December Low Retest

S&P 500 Elliott wave patterns are still leaning to the bearish side over the medium time horizon. NZDUSD may continue to pop higher in a bullish pattern.


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Canadian Dollar Price Outlook: USD/CAD Eyes Resistance- Rally at Risk

Loonie is under pressure early in the week as the USD attempts to pare recent losses ahead of FOMC. Here are the targets & invalidation levels that matter on the USD/CAD charts.


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GBP/USD Technical Analysis: Dips Down for a Test of Fibonacci Support

GBPUSD went on a wild ride last week as Brexit dynamics drove short-term volatility in the pair. UK Inflation and a BoE rate decision are on the calendar for this week.


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EUR/USD Rate Attempts to Break Narrow Range as ECB Defends QE Program

EUR/USD stands at risk of testing the monthly-high (1.1409) ahead of the Federal Reserve meeting as the exchange rate attempts to break out of a narrow range.


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Weekly Trade Levels for EUR/USD, GBP/USD, USD/CAD, Gold, Oil & 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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US Dollar Re-Tests Fib Support; Gold Threatens Breakout Ahead of FOMC

The US Dollar continues to retreat following the earlier-month NFP report, and this Wednesday brings the FOMC, helping to keep the US Dollar in the spotlight.


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FX Week Ahead: RBA & BOE Rate Decision; Canadian & New Zealand Jobs

The turn into the second half of March brings about two key rate decisions as well as several inflation reports.


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Weekly Technical Forecast: EURUSD, Dow and Crude Look for Breakouts with Legs

The benchmarks of the financial market have clearly run the extent of the easy recovery from the fourth quarter tumble.


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Weekly Trading Forecast: Fed Decision, Brexit and Risk Trends Tempt Volatility

Systemic themes such as trade wars and slower economic expansion will take a backseat for this upcoming trading week. Monetary policy will return to the forefront with the Fed decision on tap with four other central bank meetings while Brexit faces yet another ‘crucial’ week.


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Sterling Slips, Euro Firms, Gold on Edge - US Market Open

A quiet start to a very busy week, influenced by a raft of central bank policy decisions, hard data and sentiment releases, and potentially another Brexit withdrawal bill vote.


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DAX 30 & CAC 40 Charts – Levels, Lines to Contend With, but Trend Still Bullish

The DAX is moving its way higher further into long-term resistance but has a positive trend in its favor, and the CAC hits resistance of less importance while trading in impressive channel.


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Euro Forecast: Focus for EURGBP, EURUSD Turns to BOE, Fed Meetings

With Euro-area March PMI reports due on Friday, traders’ attention for most of the week will be the latest Brexit developments, the BOE rate decision, and the Fed meeting.


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Sterling (GBP): Third Brexit Vote PM May’s Last Roll of the Dice

UK PM Theresa May is trying to rally enough votes for her withdrawal agreement before she announces another vote in Parliament. And whatever happens, it is likely the withdrawal date will be pushed back.


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Charts: EURUSD Running into Resistance, USDCAD is Testing Support

The Euro is trading into trend-line resistance, putting it at risk of turning back lower; USDCAD is testing the neckline of an inverse H&S pattern.


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USD Bullish Bets Rise as JPY Shorts Increase, Euro Remains Most Bearish - COT Update

Bullish USD bet on the rise yet again as speculators raise JPY shorts. Speculators uncertain over near-term AUD direction, while Euro net shorts ease slightly.


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Yen and US Dollar at Risk, GBP/USD May Be Topping

The anti-risk Yen and US Dollar may be vulnerable as sentiment firms across financial markets. GBP/USD technical positioning hints a top may be taking shape.


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Gold Price Chart Hints at Topping Before Fed Policy Announcement

Gold prices may be carving out a topping chart pattern. Soundbites form an OPEC+ meeting and EIA drilling data may highlight competing influences on crude oil supply.


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Asian Stocks Mostly Higher On Trade Hopes, Fed Policy In Focus

Risk appetite kept equity well bid as a new week got under way, but there’s a lot of economic news on tap, most obviously the Federal Reserve’s policy decision


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USD/SEK, USD/NOK Watching FOMC, Norges Bank Meeting

Local economic data out of Sweden and Norway remains relatively light (apart from the latter’s central bank meeting), leaving USD/SEK, USD/NOK on the lookout for US-based event risk.


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Less Dovish Fed May Boost USD/SGD as More Dovish BSP Lifts USD/PHP

The US Dollar may rise on a Fed that is not quite as dovish as markets expect, sending USD/SGD higher as ASEAN currencies depreciate. USD/PHP may rise on a dovish BSP rate decision.


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EUR/USD Technical Analysis: Euro Down Trend Expected to Resume

The Euro is back at trend-defining resistance against the US Dollar, with near-term chart positioning hinting that downside resumption is the likely path forward.


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Euro, Swiss Franc, European Bond Markets Eye Yellow Vest Protests

The Yellow Vest protests in France are re-erupting and Macron is once again on the defensive. A bold fiscal spending plan looks to be in the cards, but what are the longer-term implications?


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USD, CAD Fall. S&P 500 Uptrend Aims for Record High. Yen at Risk

The US and Canadian Dollars fell on soft data. Dovish central bank bets helped propel the S&P 500 as its uptrend now faces record highs. Japanese Yen may weaken as Asia stocks rise.


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Stock Market Fund Flows: S&P 500 Breaches 2,815 as Inflows Persist

The S&P 500 ended Friday’s session slightly above the previously insurmountable 2,815 price level. Elsewhere, utilities notched a tenth week of gains.


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Weekly Technical Forecast: EURUSD, Dow and Crude Look for Breakouts with Legs

The benchmarks of the financial market have clearly run the extent of the easy recovery from the fourth quarter tumble. With the likes of the Dow sticking at resistance, EURUSD carving an increasingly narrow range and crude oil prices failing to gain traction on their own bullish break; markets are now looking for commitment.


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Weekly Trading Forecast: Fed Decision, Brexit and Risk Trends Tempt Volatility

Systemic themes such as trade wars and slower economic expansion will take a backseat for this upcoming trading week. Monetary policy will return to the forefront with the Fed decision on tap with four other central bank meetings while Brexit faces yet another ‘crucial’ week.


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

The tone of recovery held through global equities this week, and a series of rate decisions are on the docket for next week.


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Dow Jones, S&P 500, FTSE 100 and DAX 30 Fundamental Forecast

With the major equity indices simultaneously testing technical resistance, catalysts will be found from fundamental developments in the week ahead.


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Euro Forecast: Focus for EURGBP, EURUSD Turns to BOE, Fed Meetings

With Euro-area March PMI reports due on Friday, traders’ attention for most of the week will be the latest Brexit developments, the BOE rate decision, and the Fed meeting.


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EURUSD Technical Forecast: Trend & Resistance Give Euro Weak Backdrop Heading into Next Week

The Euro is bouncing, but with a generally weak trend, resistance, and lacking the ability to show follow-through, strength is expected to fizzle into weakness in the days ahead.


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Gold Price Weekly Technical Outlook: XAU/USD Rebound to Fizzle

Gold prices are higher on the week but remain vulnerable ahead of next week’s FOMC rate decision. Here are the levels that matter on the XAU/USD weekly chart.


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Gold Price Forecast: Where Will XAUUSD Breakout Next?

While the spot gold price chart shows consolidation at its current level, looming fundamental drivers could ignite the next move in XAUUSD.


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Dollar Reverses in Large Range, EURUSD Pressure Builds Towards Break

The DXY Dollar Index suffered its worst week’s performance since August, but the technical picture looks no closure to resolution of its persistently narrowing range. What are the levels to watch as we await the spark?


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EUR/USD Rate Outlook Hinges on FOMC Forward-Guidance

The EUR/USD rebound following the ECB meeting appears to have stalled ahead of the FOMC interest rate decision, with the Fed slated to unveil its updated forecasts.


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Professional Crude Oil and Energy Trading Fundamentals, Brynne Kelly

Energy trading veteran, Brynne Kelly helps break down some of the misunderstandings of Crude Oil and Nat Gas trading


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Sterling Weekly Technical Outlook: Charts Highlight Bullish GBP Bias

A good week for Sterling bulls with GBP pushing higher across the board, with added volatility for good measure. Technical analysis continues to highlight a positive Sterling bias.


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GBP Fundamental Forecast: Brexit Meaningful Vote - Third Time Lucky?

Brexit will continue to dominate the domestic scene, putting the latest Bank of England policy decisions in the shade. Meaningful Vote 3 is expected to be voted down again, leaving PM May increasingly isolated.


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Crude Oil Prices Touches New 2019 High As OPEC Supply Doubts Remain

The price of Crude Oil traded to the highest levels since November as traders anticipate the meeting between OPEC and strategic alliances that could renew the commitment to production curbs and further support the market.


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Crude Oil Price Outlook Clouded by OPEC Meeting, Fed Rate Decision

The dominant uptrend in crude oil prices face a cloudy week ahead. Potential gains on the weekend OPEC+ joint meeting may be offset by US Dollar strength on the Fed rate decision.


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Charging Dollar, Pound and Euro Breaks from Fed, Brexit and PMIs

The S&P 500 and crude have earned the most technical of breakouts but follow through is all but absent. Technical progress requires fundamental motivation in these markets and the Fed Decision, Brexit and GDP proxy reports all stand above the crowd.


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AUD/USD, GBP/AUD and AUD/JPY Technical Outlook Bearish

The AUD/USD, GBP/AUD and AUD/JPY outlook in the medium-term is not only bearish due to technical patterns, but also near-term signals warn of pullbacks in the week ahead.


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Australian Dollar Could Slide Again If RBA Speakers Stay Dovish

The Australian Dollar may well face renewed pressure if the week’s central bank speeches again highlight the utility of a weaker currency. Stronger data may help the bulls’ cause though.


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Currency Volatility: GBP Traders Eye BOE and Brexit Vote, Fed to Drive USD

Implied volatility across major currency pairs looks muted for the week ahead, but that could change with 4 upcoming central bank meetings and another Brexit vote.


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

The tone of recovery held through global equities this week, and a series of rate decisions are on the docket for next week.


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FX Week Ahead: RBA & BOE Rate Decision; Canadian & New Zealand Jobs

The turn into the second half of March brings about two key rate decisions as well as several inflation reports.


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Building a Global Macro Strategy with Hedge Fund Advisor, Julian Brigden

Julian Brigden of MacroIntellingence2 and Macro Insiders of Real Vision walks you through his Global Macro Strategy and investment framework on the DailyFX Podcast.


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Canadian Dollar Weekly Price Outlook: Loonie Strength to Tame USD/CAD

Loonie is up nearly 0.5% this week as price responds to key technical resistance. Here are the targets and invalidation levels that matter on the USD/CAD weekly chart.


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FX Setups for the Week of March 18, 2019

The end of Q1 is near with but two weeks of trade remaining before the door opens to Q2.


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Bullish USD/JPY Sequence at Risk Amid Failure to Test Monthly-High

Failure to test the monthly-high (112.14) may rattle the bullish sequence in USD/JPY as the RSI continues to threaten the bullish formation from earlier this year.


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US Dollar Mired in Range; US Yields Breakdown May Boost Gold Prices

The DXY Index is edging slightly lower as US equity markets deal with a quad witching day as the calendar turns through the ides of March.


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DJIA: Dow Recovers From Fibonacci Support, Builds Rising Wedge

The blue-chip index put in a week of recovery despite the setbacks at the Dow constituent of Boeing; but with resistance holding at prior support, are bears waiting in the wings?


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GBPUSD Steady After Stellar Week, EURUSD Rise Capped - US Market Open

GBPUSD not out of the woods yet, despite strong week. Euro finds support above 1.13, however, option expiries cap further upside.


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EURUSD Recovers ECB-Fueled Losses; USD Holds Support Ahead of FOMC

EUR/USD has recovered last week's ECB-fueled losses, and the US Dollar is holding support ahead of next week's FOMC rate decision.


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S&P 500 at Resistance, Dow Jones & Nasdaq 100 Charts Showing Divergence

While the S&P 500 trades at resistance there are potential signs of broader weakness, but a breakthrough would likely clear up the discrepancy.


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

The Euro is rallying into trend resistance, AUDJPY range becoming more defined, gold at risk of another round of weakness in the days ahead...


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