EUR/USD Outlook Biased Lower With EUR/JPY Facing Flash Crash Lows

EUR/USD near-term bullish technical signals may be overshadowed by bearish medium-term ones as EUR/JPY aims for January “flash crash” lows on downside-contrarian price signals.


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Oil Price Outlook: Carnage Continues Amid Weak Global Growth

Crude oil dropped a whopping 9.5 percent last week and the carnage could continue amid escalating global growth risks which threaten to further derail oil demand expectations and prices.


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Dow or Dollar: Which is More Critical Measure of Stability Amid Trade Wars?

Risk aversion took a clear turn for the worse to close out this past week on the back of President Trump’s announcement of a blanket 5% tariff on Mexican imports. Have we finally overcome the market’s reticence to fear?


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Top 5 Events: May Eurozone Inflation Report & EURJPY Price Forecast

The initial May Eurozone inflation report us due on Tuesday, June 4 at 09:00 GMT.


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Forex Volatility Could Spike Further as Global Risks Linger

A tsunami of economic data releases due next week casts a shadow over global risk appetite and is poised to spark additional currency market volatility - particularly in AUD/USD, USD/JPY and EUR/CAD.


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Top 5 Events: June RBA Rate Decision & AUDUSD Price Forecast

The Reserve Bank of Australia meets on Tuesday, June 4 at 04:30 GMT; rates markets are pricing in a 93% chance of a 25-bps rate cut.


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S&P 500 Outlook: Investors Flee Risky Corporate Debt Amid Rout

The HYG ETF registered its largest outflow in 2019 thus far, suggesting investors are becoming increasingly concerned with the state of the S&P 500.


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Central Bank Weekly: What Can the Fed, ECB and BOJ do to Offset Trade Wars?

Due to differences in economies and market structures, different central banks will approach trade wars with different tactics.


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Kiwi Weekly Price Outlook: New Zealand Dollar Grinds at Support

Kiwi collapsed more than 6% from the yearly highs with price now testing support into the monthly close. These are the levels that matter on the NZD/USD weekly chart.


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Gold Price Bullish Breakout Begins amid Topside Range Breach

Gold 1-month implied volatility hit a fresh all-time closing low yesterday, but Gold prices have stopped falling. A bullish sign for bullion?


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Japanese Yen Soars, Mexican Peso Plummets, Crude Oil Prices Slammed - US Market Open

The Mexican Peso plunged overnight after President Trump surprised markets through announcing that the US will place 5% tariffs on all Mexican goods.


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USD/CHF Price Forecast: Bearish Trend to Continue on Break Below 1.0008

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US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD

The US Dollar put in gains each day of this week Monday-Thursday; but that strength has been unevenly distributed across EURUSD, GBPUSD and USDCAD.


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Dollar Coiling; Euro, Pound, and Silver Price Charts for Next Week

In today's look-ahead to next week we looked at the coiling price action in the USD index; charts of several of the major currencies as well as gold price.


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EURUSD Regains Some Strength, Bond Yields Signal a Recession

The EURUSD has pushed past the 1.1140 resistance line but traders will be eyeing German CPI and US PCE Core figures to strengthen their position. Worries about a recession have pushed long-term government yields around the world to the lowest level in years.


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Gold Price Outlook: Bullish Breakout Gathers Pace, Fed Opening Door to Rate Cut

Gold prices have continued its bullish momentum, break of key pivotal resistance needed to extend gains. Fed may be opening the door to a rate cut.


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FTSE 100 Outlook – Looking to Break the 200-day, Pattern Neckline

The FTSE is currently testing a big area, with a break seen as leading the index towards several layers of support lower.


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Crude Oil Prices May Fall Further on Trade Wars, Oversupply Fears

Crude oil prices may continue to fall after hitting a three-month low as trade war escalation weighs on the outlook for demand even as US inventories swell.


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Euro Braces for Italy GDP, Political Peril: Snap Election Ahead?

The Euro will be nervously eyeing Italian GDP as Rome and Brussels spar over budget rules and political-infighting may lead to a snap election.


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Nikkei 225 Sinks With Mazda Stock, Wall Street Faces Volatility

The Nikkei 225 was weighed down by automotive shares such as Mazda Motor Corp. The US threatened tariffs on Mexico. Risk aversion may fuel volatility, but Fed rate cut bets may calm stocks.


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EURUSD Chart Analysis: Euro at Trend-Defining Support - Now What?

The Euro is testing pivotal support above the 1.11 figure against the US Dollar once again, with performance here likely to be decisive for the broader price trend.


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USD Aims Up as Trade Wars Fuel S&P 500 Volatility. Fed Cut Ahead?

The US Dollar may rise as trade war fears creep higher, fueling S&P 500 volatility and demand for safe havens. The Fed helped equities bottom last year, will it save the day again?


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Dow Struggles for Follow Through on Key Break, Dollar’s Climb Defies Gravity

After making a critical break lower, the US equity indices have prompted frustration and confusion by stalling immediately in their effort to developing a bearish trend. Perhaps trade wars and growth concerns will provoke follow through.


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BRL Eyeing Unemployment, Debt Data After GDP Boosts Local Stocks

The Brazilian Real and benchmark Ibovespa equity index will be closely watching the release of local unemployment and debt data after GDP surprised markets.


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AUDUSD Slides As China Manufacturing PMI Returns To Contraction

The Australian Dollar came under yet more pressure on news that Chinese manufacturing output fell in May, ending a tenative recovery


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Yen Up, Trump Threatens Tariffs on Mexico, USMCA Approval in Doubt?

The S&P 500 sinks, Japanese Yen gains after Donald Trump threatened import tariffs on Mexico, throwing a curveball on USMCA ratification prospects, opening up another trade war front.


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Slowdown in China PMI to Keep AUDUSD Under Pressure Ahead of RBA

Updates to China’s Purchasing Managers Index (PMI) may keep AUD/USD under pressure as the gauge is expected to indicate a contraction in manufacturing activity.


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Crude Oil Price Sinks 4.5% as Bullish Conviction Ebbs

Commodity traders sent oil prices plunging on Thursday as uninspiring crude inventory data reignited oversupply concerns, dealing the latest blow to bullish sentiment.


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S&P 500 Sector Performances Highlight Prevailing Headwinds

At the beginning of the month, we looked at the “Sell in May and Go Away” anomaly. With May ending, here’s a recap of sector performances of the S&P 500 over the period.


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Currency Volatility: USDCAD, EURCAD, CADJPY Eyed Post BOC

CAD currency crosses are highlighted post BOC with the Canadian Dollar prone to heightened price action ahead of Friday's high-impact economic data due for release.


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China’s Next Trade Weapon in the Ongoing US-China Trade War

Recent visits of the Chinese President to rare earths manufacturing plants seem to suggest that China is planning to use these materials as a bargaining chip against the US.


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Canadian Dollar Price Outlook: USD/CAD Breakout Stalls- Loonie Levels

A breaking out of a multi-week range in Loonie has taken price into confluence resistance near six-month highs. Here are the levels that matter on the USD/CAD charts.


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Gold Prices Continue to Coil as Range Breakout Lingers

Gold 1-month implied volatility hit a fresh all-time closing low yesterday, but Gold prices have stopped falling. A bullish sign for bullion?


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GBP/JPY Price Forecast: Bearish Momentum Showing Signs of Weakness

GBP/JPY Could correct higher with signes of sellers hesitation. Here are the important technical levels of support and reisistance the pair may likely to encounter in the coming days.


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CAD Outperforms, Turkish Lira Spikes Higher, Brazilian Real Drops as GDP Contracts - US Market Open

A relatively muted affair in the G10 FX space with the US Dollar index flat throughout the European morning. TRY jumps as tensions between the US and Turkey ease.


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US-German Yield Spread Falls, Potentially Benefiting EURUSD

Government bond yields are dropping as investors opt for the safety of Government debt on fears that the global economy is slowing, and a lower US-German spread could help the Euro vs the Dollar.


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EUR Technical Analysis Overview: EURUSD, EURGBP

EURUSD downtrend persists, 2019 lows in focus, while EURGBP bullish momentum eases following record win streak.


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Crude Oil Prices Edging Higher Towards Key Resistance Levels

Crude oil prices are heading slowly towards important “round number” resistance levels: $60 per barrel for US crude and $70 per barrel for Brent crude as US inventories drop by more than expected.


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ECB President Election – The Fate of the Euro Under Draghi’s Successor

The “horse trading” for the EU’s top jobs has started and Germany, Finland and France all have strong contenders in the race to become the ECB’s new president. Whilst all the candidates have ample experience in the industry, each one has differing wives on how to implement the Eurozone’s monetary policy.


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Gold Price Outlook in Favor of Sellers, Silver Leading the Way Lower

Precious metals remain vulnerable to more selling as gold flirts with an important trend-line break, silver sellers are already in control.


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Oil Prices Remain Battered as Monthly Opening Range Cracks

Recent developments raise the risk for a larger correction in crude as the price of oil fails to retain the monthly opening range for May.


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Gold Prices May Break Out as US GDP Data Shapes Fed Outlook

Gold prices are coiling up for a breakout, with a revised set of first-quarter US GDP figures lining up as a would-be catalyst.


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EURUSD Outlook Hinges on US GDP, Trade Wars, Iran Sanctions

EURUSD traders will be on their toes ahead of the release of US GDP and rising cross-Atlantic tensions over a divergence in policy on Iran.


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Asian Stocks Hit Again By US-China Trade Worries, Treasury Yields

Most Asia Pacific mainboards were hit again after another Wall Street slide. South Korea’ s Kospi managed to buck the trend, though, with tech stocks bought.


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S&P 500 Downtrend Eyed, US-China Trade Deficit Risks Irking Trump

Stock volatility may be revived later in the day with the S&P 500 downtrend in focus ahead of US trade deficit data that risks sinking sentiment if Trump expresses his displeasure with it.


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Dow, S&P 500 Forge Ahead on Reversal Patterns, Is There Enough Fear to Fuel?

There is a weight to technical developments through benchmark risk assets that should not be underestimated. That said, does the progress on head-and-shoulders reversals for the Dow and S&P 500 define the next stage of global reversal?


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NZDUSD Rate Eyes 2019-Low as RBNZ Warns of China Spillover

NZDUSD appears to be on its way to test the 2019-low (0.6482) as the exchange rate reverses the recent string of higher highs and lows.


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Australian Dollar Tumbles As Capex, Building Approvals Fall Short

The Australian Dollar was already under pressure as US-China trade war worries weigh on local interest rate forecasts. Now more weak data has hit too.


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USDBRL, Ibovespa Wobble at Key Price Levels Ahead of GDP Data

The Brazilian Real and Ibovespa equity index may feel pain ahead of the release of local inflation and GDP data after a painful first quarter.


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Crude Oil Prices Avoid Breakout on US Bond Auction, CAD Recovers

Crude oil prices clocked in a last-minute recovery with the Canadian Dollar, but oil may soon again find itself retesting support at 57.34. AUD/USD gains on Capex data may not last.


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USDMXN: Banxico GDP Cut Overlooked as US Trade Balance Eyed

The Mexican Peso gained against the US Dollar on Wednesday despite Mexico's central bank slashing 2019 GDP forecasts as currency markets await US Advanced Goods Trade Balance data tomorrow.


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Stock Market Outlook: Dow Jones and S&P 500 Selling Gains Pace

The Dow Jones and S&P 500 faced considerable selling pressure in Wednesday trading, sending the indices beneath critical support levels.


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Gold & US Dollar Threaten Breakout as Rate Volatility Spikes

Implied volatility across asset classes is climbing higher amid rising global risks which could foreshadow substantial price moves in gold and the US Dollar.


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Trade Wars and Tariffs Have Put the US Auto Industry in Peril

With the US auto industry cutting jobs at the quickest pace since the Great Financial Crisis, USMCA uncertainty and a prolonged US-China trade war will only continue weigh on the sector.


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USDCAD Bullish Range Breakout Eye as Crude Oil Prices Hit Monthly Low

The Canadian Dollar is under pressure after the Bank of Canada’s May policy meeting, while oil prices have been hit by global growth concerns.


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Gold Price Outlook: Breakout Potential as Consolidation Continues

Gold prices remain relatively subdued despite big moves showing in both US equities and Treasuries; which keeps the door open for breakout potential.


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USDJPY: Net-Short Positions Decreased by 9.1% 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 USDJPY-bearish contrarian trading bias.


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GBPUSD: 79.2% of Traders are Net-Long Suggesting Continued Depreciation of Sterling against the Dollar

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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EURUSD: Net-Short Positions Decreased by 1.9% 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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Canadian Dollar (CAD) Price Slips as BoC Leaves Interest Rates Unchanged

USDCAD rallies to near six-month high after the central bank left its benchmark interest rate unchanged at 1.75% with the accompanying release highlighting a mildly dovish overtone.


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Italian Stock Market Suffers as Italy-EU Debt Row Worsens, Bonds Stabilize

A growing argument between the European Commission and the Italian Government over Italy’s public-sector debt is hitting Italian stocks while leaving its Government bonds largely unscathed.


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Japanese Yen & Swiss Franc Rise After China’s Trade Threat - US Market Open

Risk off trade dominating financial markets following China’s trade threat, while flight to quality flows see the Swiss Franc and Japanese Yen firm.


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Canadian Dollar Forecast: USD/CAD Eyeing a Rally off Consolidation Zone

Today’s closing price could indicate the next move for USD/CAD


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY

USDCAD respecting range for now ahead of BoC, while CADJPY tests critical support as outlook remains weak.


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Dow Jones, Crude Oil, Gold Price Outlook & More

Stocks look poised to remain weak but could get volatile around big moving averages, crude oil also heavy, while gold continues to hold onto a key line of support.


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Crude Oil Price Outlook: Oil Drops as Brent Crude Breaks Below 200DMA

After posting the largest weekly drop in 2019, oil prices have extended on its losses amid the step up in trade war tensions sparking risk averse sentiment, resulting in Brent crude breaking its 200DMA


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Recession Fears Hit Stocks, Boost US Treasuries, Other Safe Havens

Concern that the ongoing US-China trade dispute is hitting economic growth worldwide is damaging risk appetite, boosting safe havens such as US Treasuries at the expense of stocks and oil.


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DAX 30 & CAC 40 Charts: Continued Weakness Looks Likely

The German benchmark is breaking trend support while the French index is triggering a head-and-shoulders pattern.


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EURUSD Price Outlook: Still Looking to Fall Further

The Euro remains weak against the US dollar, despite falling US Treasury yields, and EURUSD looks set to test the 1.1100 handle in the short-term, especially if upcoming US data beats expectations.


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EURUSD Rate Rebound Unravels Ahead of June ECB Meeting

EURUSD struggles to hold its ground ahead of the ECB meeting on June 6, with the Euro Dollar exchange rate carving a fresh series of lower highs and lows.


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Gold Prices May Break Key Support as US Dollar Reclaims Haven Bid

Gold prices fell as the US Dollar regained support from haven-seeking capital flows after a brief lapse. More of the same may see the metal break nine-month trend support.


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Euro Nervously Eyes ECB and EU Data, SEK May Fall on Swedish GDP

The Swedish Krona may fall on GDP data and the Euro may struggle to rise if the ECB shows an increasing risk of a Eurozone financial crisis as key economic data is released.


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US China Trade War Worries Hit Asian Mainboards Via Wall St Falls

This week’s Asia Pacific respite from trade worries came to an end Wednesday as stock markets mirrored their US counterparts’ swoon of the previous session


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Singapore Dollar, Malaysian Ringgit Chart Analysis: More Hurdles

Despite the Malaysian Ringgit and Singapore Dollar brushing aside reversal warnings, uptrends in USD/MYR and USD/SGD still face technical hurdles. USD/IDR and USD/PHP are also covered.


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AUDUSD Risks Range-Bound Conditions as Rebound Stalls Ahead of RBA

AUD/USD stands at risk of facing range-bound conditions as the exchange rate struggles to extend the series of higher highs & lows from the previous week.


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Japanese Yen Bulls Pause At Key USDJPY Level, May Keep Momentum

The Japanese Yen has been a clear winner in the now-customary battle of havens with the US Dollar. However, Yen bulls seem to have hit a wall.


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Dow Strains Support on a Reversal Pattern While Key FX Pairs Face Pressure

The return of full trading liquidity after extended US and UK holiday weekends pushed the markets right back into a mix of fundamental threats. Will it all finally overwhelm traders and trigger patterns like those on the Dow?


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BRL, Ibovespa Threatened by Trade Wars and Financial Vulnerability

Confidence in BRL and the Ibovespa stock index may be undermined by worries about Brazil's financial stability as an inhospitable outlook undermines growth.


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US Dollar Gains on Rising US Recession Fears Which May Boost Yen

The US Dollar rose on risk aversion which may lead to gains in the Japanese Yen next as US recessionary fears rose. Meanwhile, the New Zealand Dollar looks to RBNZ commentary.


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Gold Price Could Climb as US Treasury Yield Plunges

XAUUSD threatens to reclaim the $1,300 price level with the US 10-Year Treasury Yield plummeting to its lowest level since 2017 in response to mounting slowing global growth fears.


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GBPUSD Currency Volatility Rises Alongside Brexit Turbulence

Expected GBPUSD price action over the next 6 months is soaring which could spell trouble for the Pound Sterling.


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Bitcoin Price Nears $9,000 as XRP Looks to Post Record Climb

Bitcoin trades near $9,000, as the largest cryptocurrency by market cap continues its climb in the year-to-date. Meanwhile, XRP is on pace to set a record for consecutive daily gains.


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US Dollar Price Action Setups in USD/JPY, AUD/USD and NZD/USD

The US Dollar put in a nasty move last week and is trying to claw back losses from the reversal that followed the failed breakout. Can USD bulls make a stand?


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Dow Jones, S&P 500, Nasdaq 100 Price Outlooks for the Week Ahead

The Dow Jones, S&P 500 and Nasdaq 100 opened Tuesday trading with a gap higher, but a quick retracement looks to weigh on their short-term outlooks.


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S&P 500: Traders Extend Net-Short Run

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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Bitcoin: Retail Trader Data Shows 75.9% 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 Bitcoin-bearish contrarian trading bias.


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Spot Gold: 77.7% 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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Sterling Technical Analysis: GBPUSD Moves Out of Oversold Territory

Little is certain around the UK and Brexit, but the GBP is pulling back after a trip into oversold territory, following a downside run in the month of May.


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Euro Price Outlook: Fundamental Fireworks, EUR/USD Technical Impasse

It was a busy weekend in European politics that hasn't yet showed much impact in the Euro. Is EURUSD setting up for another bear trap?


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EURUSD at Risk from EU/Italian Collision Course, South African Rand Slammed - US Market Open

Italian budget concerns are back on the rise, after the EU threatened Italy with a $3-4bln fine for breaking EU budget rules. South African Rand heads for worst daily drop in over 2-weeks.


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Canadian Dollar Price Outlook: USD/CAD Rally to Resistance Before BoC

USDCAD has made a trip back to range resistance ahead of the Bank of Canada's interest rate decision on the calendar for tomorrow.


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COT Report: Gold Net Longs Slashed, Copper Shorts Peaking, Oil Bulls Scale Back

Hedge funds continued to cut back on its stretched bullish positioning, while gold net longs were slashed. Copper shorts approaching 2018 and 2019 peaks.


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Trading Sentiment Continues to Deteriorate | Webinar

Trader confidence continues to ebb away, increasing the demand for safe havens such as the Japanese Yen and Bunds at the expense of riskier assets such as stocks.


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Market Sentiment Continues to Deteriorate | Webinar

Trader confidence continues to ebb away, increasing the demand for safe havens such as the Japanese Yen and Bunds at the expense of riskier assets such as stocks.


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Gold Price Needs Stimulus, Silver Price Weighed by Lower Highs

Gold continues to battle the downtrend and traders will hope that upcoming US data may provide a catalyst. Silver’s woes remain.


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EURUSD Brushes Off Euro-Zone Consumer Confidence Data, Focus on EU Leader’s Summit

The Euro has been trading higher throughout the morning session as traders focus on the results of the European Elections. Euro-zone Consumer Confidence figures are better than expected but last month’s figures are revised downward.


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COT Report: GBPUSD Shorts Surge on Brexit Turmoil

Amid the Brexit turmoil speculators had heavily increased their bearish positioning on the Pound, while AUD shorts are now at the highest since November 2015.


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Bitcoin (BTC) Price Soars to One-Year High, More to Come?

The crypto-market surged on Sunday with Bitcoin hitting levels last seen in May last year as buyers took control. Next move is key but higher prices may be likely.


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GBP Price Outlook: Downtrend Still in Place After European Elections

GBPUSD is stable early Tuesday in London, largely ignoring the results of the European Parliament elections, but the slide lower in place since the start of the month may well continue.


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Crude Oil Prices at Risk as EU Mulls New Leadership, Italy Budget

Crude oil prices may succumb alongside broader market sentiment if commentary out of an EU leaders’ summit spooks investors and inspires anti-risk liquidation.


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Euro, Equities at Risk as Italy and EU Clash Over Budgets - Again

The Euro and regional equity markets may find themselves in the red after news crossed the wires that Rome and Brussels are locking horns over Italy’s projected budget deficit.


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Dovish RBNZ Forward Guidance to Rattle NZDUSD Rate Rebound

NZD/USD stands at risk of giving back the rebound from the monthly-low (0.6482) as the RBNZ endorses a ‘downward bias’ for the official cash rate.


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Japan Trade Hopes Eclipse US-China Freeze, Boosting Asian Stocks

Investors took some time off from worrying about the apparently distant prospect of a US-China trade deal and hoped for a Japanese agreement instead.


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USDNOK Teeters on Edge of 14-Month Support: Will it Bounce or Break?

USDNOK is a whisper away from a possible break below a 14-month support. The question remains whether the pair have enough resolve to bounce back or will it wilt?


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ASX 200 Rides Trade-War Fears Impressively But May Be Tiring

The ASX 200 has risen above the global landscape of diminished risk appetite thanks to one or two cheerful specific fundamentals. Technically however it looks a bit stretched.


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Gold Price Rebound Vulnerable to Upbeat US Economic Data

Fresh developments coming out of the U.S. may drag on the price of gold as the economy shows little to no signs of an imminent recession.


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AUDUSD Chart Analysis: Upswing Expected to Keep Downtrend Intact

The Australian Dollar is aiming higher after finding support above the 0.68 figure but gains are likely to be corrective within the bounds of a broader downtrend.


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Chinese Yuan at 7.00 Barrier: The Most Important Level for Currency Markets

As the trade war escalates between the US and China, FX markets are on the lookout as the Chinese Yuan reaches the critical 7.00 handle versus the US Dollar.


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Weekly Technical Forecast: Dow Holds Back from Trend Reversal, Euro and Pound Pulsating

While volatility readings are still remarkably restrained, we are seeing a host of critical markets pressuring or overtaking key technical levels. Whether the Dow’s eyeing 25,200, the Sterling on the verge of reversing its longest tumble on record or looking to leverage its biggest single-day loss of 2019, there is remarkable technical risk and opportunity in our markets


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Weekly Trading Forecast: Trade Wars, Brexit and Risk Trends Threaten Volatility

We are awash in critical fundamental themes unfolding before our eyes. Trade wars is once again proving a loaded theme with severe implications for more than just USDCNH while recession fears and political fractures are creating concerns over the sense of stability in the global financial markets. Beware the volatility ahead.


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Gold Prices at 3-Month Trend Resistance, Trade War News in Focus

Gold prices are testing trend resistance guiding them lower since February. Global trade war escalation risk is in focus at the start of the trading week.


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NOK, SEK May Feel Pain From EU Elections, Trade Talks, US GDP

The Norwegian Krone and Swedish Krona may suffer in the week ahead as European politics and trade talks unfold against the backdrop of slowing global growth trends.


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US China Trade War Worries Drive Asia Markets, Japan In Focus Too

Asian stock markets can look forward to a light week of economic data which will probably keep investor focus stuck firmly on trade, with progress elusive


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PHP Ready to Gain as USD Falls with Crude Oil? ASEAN FX Eye US Data

The US Dollar looks vulnerable, with the Philippine Peso ready to take full advantage amidst declines in crude oil prices. China PMI, US data and trade talks are on tap for ASEAN FX.


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USDJPY Rate Defends Monthly Low Despite Growing Bets for Fed Rate Cut

USD/JPY fails to clear the monthly-low (109.02), with the exchange rate at risk of facing range bound conditions going into the end of May.


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Euro Steady on European Election Results, But for How Long?

The Euro has remained steady so far as the results of the European Parliament elections come in, though the risks associated with a fractured legislature may just be lying dormant.


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Did AUDUSD Bottom? GBPUSD Wobbled as UK PM Resigned Amidst Brexit

AUD/USD may have bottomed after the US Dollar extended its weakness into a second day, GBP/USD wobbled as UK PM Theresa May resigned. Euro eyes EP Election results in thin trade.


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Weekly Technical Forecast: Dow Holds Back from Trend Reversal, Euro and Pound Pulsating

While volatility readings are still remarkably restrained, we are seeing a host of critical markets pressuring or overtaking key technical levels. Whether the Dow’s eyeing 25,200, the Sterling on the verge of reversing its longest tumble on record or looking to leverage its biggest single-day loss of 2019, there is remarkable technical risk and opportunity in our markets


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Weekly Trading Forecast: Trade Wars, Brexit and Risk Trends Threaten Volatility

We are awash in critical fundamental themes unfolding before our eyes. Trade wars is once again proving a loaded theme with severe implications for more than just USDCNH while recession fears and political fractures are creating concerns over the sense of stability in the global financial markets. Beware the volatility ahead.


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US Dollar Forecast: Can Volatility Rise Alongside Trade Weighted USD?

A sharp turn lower in the US Dollar may provide a short reprieve to the strangling of a strong US Dollar on the global economy, but the long-term trends continue to favor a stronger US Dollar Index.


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

The S&P 500, DAX 30 and FTSE 100 fell under renewed pressure from the US-China trade war last week, but the week ahead could see investor concern shift to global growth.


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Oil Weekly Price Outlook: Crude Collapses as WTI Searches for Support

Crude prices posted an outside weekly reversal off the monthly highs and risk further losses into the May close. These are the levels that matter on the WTI weekly chart


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Euro Cringes Ahead of EU Trade Talks, European Election Results

The Euro may have a tumultuous week ahead after the European election results are announced along with candidates for key positions in EU institutions amid high-level trade talks.


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Pound Collapse Building Pressure for Reversal or Mere Liquidity Pause?

After a near-relentless dive from the British Pound these past three weeks, there was a break in the clouds Friday with a Sterling bounce on the same day the Prime Minister announced her resignation. Is this the first step for a reversal?


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Gold Prices May Rise if USD Sinks, US Data Fuels Fed Rate Cut Bets

Gold prices may capitalize on disappointing US data in the week ahead, but in the medium-term, the highly-liquid US Dollar may subdue XAU/USD gains on US-China trade war fears.


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Dow Jones, FTSE 100, DAX Technical Forecast

The Dow Jones is on course for its longest weekly losing streak in 8-years, while losses in the FTSE 100 is eased by the drop in the Pound.


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US Dollar May Hold Up Despite Swelling Fed Rate Cut Bets

The US Dollar may hold up and even make progress upward despite building Fed rate cut bets as the severity of risk aversion boosts the appeal of its unrivaled liquidity.


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S&P 500 Shapes Head-and-Shoulders Reversal, Pound Ends Tumble on May Resignation

The markets closed this past week with a critical relief just before a full bearish wave swept in. Liquidity will be a complication in the week ahead, but will pressing fundamental themes revive the pressure for a break?


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EUR/USD, EUR/NZD Chart Outlook Bearish with EUR./JPY Bottoming?

EUR/USD and EUR/NZD may find themselves aiming lower in the medium-term as the Euro depreciates. Against the Japanese Yen, EUR/JPY is facing key support and bullish reversal warnings.


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Oil Prices Set to Follow Global Growth Narrative Next Week

Oil price outlook for next week largely hinges on high-impact economic data and trade war rhetoric which look to set the tone for risk appetite and oil demand.


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Gold Price Weekly Outlook - Looking to Break a Tightening Range

Gold is trapped in a short-term range and price action is building for a potential breakout next week


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GBPUSD Rate Outlook Mired by Renewed Threat of ’Hard Brexit’

The Brexit negotiations may continue to drag on GBP/USD as Prime Minister Theresa May struggles to secure a deal.


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Trade War Weighs on Chinese Tech Stocks, Emerging Markets

Chinese stocks have been battered after the US Commerce Department announced it would ban Huawei devices. A look at some emerging market funds reveals that the trade war has also claimed victims outside the intended targets.


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GBP/USD Elliott Wave Analysis: Bullish Wave 3 Could Carry to 1.35

The Elliott wave chart pattern for GBPUSD illustrates the potential for a strong bullish trend that may move higher towards 1.35.


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Gold Price Outlook: XAU Defends Yearly Lows– Breakout Levels Defined

Gold failed a sixth weekly attempt to break support with price virtually unchanged into the last week of May. Here are the levels that matter on the XAU/USD charts.


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Oil Data Champion Sam Madani Explains Oil Tanker Tracking | Podcast

We explore why oil tanker tracking has brought transparency to the oil industry.


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GBP Bears Beware: Boris as UK Prime Minister Might be Good for Sterling

Former British Foreign Secretary Boris Johnson has become the clear favorite to succeed Theresa May as UK Prime Minister, and that poses a risk for traders looking to sell the British Pound.


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US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD

It was a busy week in the US Dollar, and both EURUSD and GBPUSD remain vulnerable to volatility over the weekend. USDCAD may see volatility pick up around BoC.


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Euro Traders Remain Long as Pair tests Key Low

Traders have remained long the EURUSD as the pair tumbles into key lows. One-sided sentiment warns we may be near a sentiment extreme.


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GBPUSD Choppy, Theresa May Resigns, What Next? - US Market Open

The Pound has traded in choppy fashion after Theresa May announced her resignation. Focus now on who will be the next Conservative Party Leader.


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US Dollar (DXY) Soft Ahead of US Durable Goods Data

The US dollar basket (DXY) slipped lower Thursday after a weak set of US PMI readings. Ahead the first look at US durable goods which is expected to show a sharp decrease from last month’s multi-month high.


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Gold Price Eyeing Support, Silver Price Rebound Fading

Gold’s short-term rally has hit the buffers and may test 200-day ma support again while silver remains stuck in a downtrend.


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Currency Volatility: Euro Potentially Underpricing the Impact of the EU Election

While focus will be on the upcoming EU election, option markets imply little in the way of volatility for the Euro.


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Theresa May Announces Resignation, GBPUSD Heading Lower

Theresa May announces that she will resign on June 7th and will remain in office until a new leader is found, which is expected around mid-July.


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USDJPY Price Outlook: Sell-Off May Not be Finished Yet

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GBPUSD Rate Susceptible to Dismal UK Retail Sales Report

The U.K. Retail Sales report may keep GBP/USD under pressure as the headline reading for household spending is expected to contract 0.4% in April.


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EURUSD Chart Analysis: Has the Euro Bottomed vs US Dollar?

Euro sellers struggled to make hay of a break below near-term chart support and some technical cues warn that a bottom may be taking shape above the 1.11 figure.


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EURUSD May Rise on US Durable Goods Orders After Painful PMI Data

EURUSD may get a lift from US durable goods orders as the US economy continues to show weakness, especially in light of recent developments in the US-China trade war.


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NZDUSD Chart Analysis: 19-Year Rising Trend May Come Undone

The New Zealand Dollar is at risk of breaking a nearly 19-year rising trend against its US counterpart as prices test critical chart support.


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EURGBP Chart Analysis: Euro at Resistance In Brexit-Fueled Uptrend

The EUR/GBP Brexit-fueled dominant uptrend is facing the next test, leaving the Euro at key resistance against the British Pound amidst a bearish warning on the 4-hour chart.


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Gold Prices Rise as US Dollar Fails to Capitalize on Market Selloff

Gold prices rose as dismal US PMIs derailed the Dollar’s ability to capitalize on haven demand amid risk aversion. Durable Goods Orders data may bring more of the same.


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S&P 500 Leads a Global Risk Aversion That Threatens Critical Mass in Fear

Heading into a holiday-deflated weekend, the markets have taken a very threatening posture in a broad tumble this past session pushing benchmarks like the S&P 500 up to overt support. What happens now?


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Oil Prices Slide – IMF Fires Warning Shot for US & China Consumers

The weakening outlook for global growth may continue to drag on the price of oil amid the ongoing trade dispute between the US and China, the two largest consumers of oil.


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BRL Chart Analysis: Bearish Outlook Ahead of CPI Data, Trade Wars

The Brazilian Real may find itself in pain during tomorrow’s trading session ahead of Brazilian inflation data and souring US-China trade relations.


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USDJPY Faces Chart Support as S&P 500 Sinks on Trade Wars, US PMI

USD/JPY is aiming for chart support as trade war fears and dismal US PMI data sunk the S&P 500. Meanwhile, the Canadian Dollar extended declines as crude oil prices fell over 5 percent.


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What if Mexico, Canada Join the US in the Trade War with China?

The US-China trade war could expand in scope if the United States is able to rally its North American trade partners behind it to exert greater pressure on China.


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

Risk aversion continues to roar and US stocks are closing in on some huge support areas. Can buyers hold the lows? Or is another Q4-like sell-off on the way?


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Yen: JPY Crosses Crater Amid Collapsing Market Sentiment

Vanishing risk appetite sends the Japanese Yen soaring against major counterparts as traders flock to the safe-haven currency.


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

An update on near-term trade setups we've been tracking in Loonie (USD/CAD) and Aussie (AUDUSD). These are the targets and invalidation levels that matter this week.


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S&P 500, Dow Jones, Nasdaq 100 Price Outlook

US stocks lost their footing Thursday morning as they stumbled to rest at key support. Here are the price levels to watch for the S&P 500, Dow Jones and Nasdaq 100 as the week winds down.


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Oil Price Outlook: Crude Crushed – Trade Levels to Know for WTI

Crude oil prices have plummeted more than 11% form the yearly high with the sell-off now eyeing initial support targets. Here are levels that matter on the WTI charts.


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US PMI Figures Miss, Pushing Treasury Yields To 2019 Lows

US Services and Manufacturing PMI figures fell short of analyst expectations this morning as reported by Markit Economics, with trade tensions linked to increased uncertainty among survey participants


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Gold Prices Turn Higher Alongside US Dollar Breakout - Will it Last?

It’s unusual to see both gold and the US Dollar trade in tandem – unless a wave of risk aversion is sweeping across global financial markets.


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GBP/JPY Price Forecast: Bearish Momentum Continues as Brexit Turmoil Weighs

Bearish momentum leads GBP/JPY to its lowest price in more than 4 months - what is the current trading range and what support and resistance levels need to be monitored closely?


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Canadian Dollar Outlook: USD/CAD Reversal Rally from Range Support

After spending the past month in a range, USD/CAD has put in a strong show of price action over the past 24 hours. Is a USD/CAD breakout nearing?


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GBPUSD Volatility Rising, CAD Drops as Oil Prices Collapse - US Market Open

Losses in the energy complex have continued with Brent and WTI crude breaking below $70 and $60 respectively.


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USD Price Outlook: US Dollar Drives Towards Two-Year Highs

The US Dollar is making a push towards a re-test of two-year-highs. Can European elections and Brexit pessimism help to elicit a breakout in USD?


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Dr Coppers Drop Signals Concerns for the S&P 500

Copper prices have dipped into correction territory falling over 10% since the 2019 peak reached on April 17th following the recent escalation in trade war tensions.


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Crude Oil Price Outlook Weakens, Stock Markets Sink on Trade Fears

Crude oil has broken the recent uptrend - and an important Fibonacci retracement level - and looks likely to head lower as US-China trade talks fuel global growth fears.


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apanese Yen Still in Demand as Safe Havens Benefit From US-China Spat

The Japanese Yen is continuing to climb as the US-China trade war turns increasingly into a technology war, hitting risk sentiment and boosting demand for safe havens.


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Eurozone PMIs and Ifo Index Miss Expectations, Euro Shrugs

Eurozone PMIs and the German Ifo Index came in lower than predicted in May but there was little response in the Euro against the other major currencies.


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Gold Prices Maintain Downtrend, However, Pivotal Support Holds

Gold prices remain in a downtrend as USD edges higher, however, support is holding, which raises the risk of a bounce towards trendline resistance.


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GBPUSD Price Slumps Further on Brexit & PM May Exit Shambles

The British Pound is starting to become uninvestable in the short-term as PM May continues to ignore calls for her resignation, leaving Sterling adrift.


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SEK, NOK May Fall on Key Local, Euro Area Economic Data

The Swedish Krona and Norwegian Krone are in for a tumultuous 24 hours ahead of local and Eurozone economic data, Brexit and the European elections.


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Crude Oil Prices May Drop with Stocks as Market Mood Sours

Crude oil prices may fall alongside stocks as shaky European politics, slowing growth and US-China trade war escalation spook financial markets.


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Euro Stoxx 50 May Fall After Nikkei 225 Sinks on Trade War Fears

The Nikkei 225 sunk as US-China trade war fears fueled risk aversion after the US blacklisted more Chinese companies. The Euro Stoxx 50 may be eyeing support on European elections.


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Dovish ECB Minutes to Keep EURUSD Rate Under Pressure

The ECB Minutes may keep EUR/USD under pressure as the central bank warns that the ‘the risks surrounding the euro area growth outlook remain tilted to the downside.’


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EURUSD at Risk on 2019 European Parliamentary Elections

The upcoming EU parliamentary elections will be the most consequential vote in the transnational organization’s history and could have devastating consequences for Europe and the Euro.


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S&P 500 Is Due a Break and Pound Collapses Alongside May’s Hold

The S&P 500 – as a benchmark for ‘risk trends’ – has run out of room to move, making a breakout inevitable. Yet as pressing as a technical charge may be, we still need fundamental motivation to carry any trend.


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BRL, Ibovespa at Risk From Brazil-China Investment Negotiations

The Brazilian Real and Ibovespa equity index will be watching Brazil-China negotiations as officials discuss Beijing’s investment into Latin America’s largest economy.


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Gold Price Forecast: RSI Offers Bearish Signal Following FOMC Minutes

Gold prices hold a narrow range following the FOMC Minutes, but the RSI offers a bearish signal as the oscillator threatens the upward trend carried over from April.


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Canadian Dollar, Crude Oil Prices Decline to Support. Yen May Gain

The Canadian Dollar fell alongside a decline in crude oil prices as the British Pound accelerated losses with UK Prime Minister Theresa May closer to stepping down. The Yan may gain.


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What if Mexico, Canada Join the US in the Trade War with China?

The US-China trade war could expand in scope if the United States is able to rally its North American trade partners behind it to exert greater pressure on China.


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USD/JPY Elliott Wave Analysis: Bullish Pattern Emerges

We are tracking a bullish 5-3 wave pattern for USD/JPY that has longer term bullish implications.


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Euro Currency Volatility: EU Elections Highlight EUR Crosses

Forex traders shift their attention to EURUSD, EURGBP, and EURJPY ahead of Thursday's European Parliamentary Elections. What are the anticipated trading ranges?


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S&P 500: Investors Turn Defensive as Trade War Risk Bites

Equity investors are sending signals that risk appetite is waning as they move to safer areas of the market amid lingering US China trade war uncertainty.


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US Dollar Steadies as May FOMC Minutes Detail "Patient" Approach

The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.


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British Pound Technical Analysis: Has GBP/USD Finally Found Support?

It's been a brutal couple of weeks for the British Pound and the headlines haven't gotten any friendlier; we may be on the cusp of a PM resignation in the UK.


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Crude Oil Price Drop Helping USDCAD Hold Range Support

A larger than expected build in crude oil inventories is dragging down oil prices, and in turn, the Canadian Dollar.


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Gold Price Weekly Outlook: XAU Breakdown Stalls at Technical Support

Gold plummeted nearly 2.6% from the May high with the sell-off now testing the yearly low-day close. These are the levels that matter on the XAU/USD weekly chart.


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Top 5 Types of Doji Candlesticks

The Doji candlestick is one of the first most traders learn, however many are unaware of the various types of Dojis and how they can be used.


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GBP Bears Beware: Boris as UK Prime Minister Might be Good for Sterling

Former British Foreign Secretary Boris Johnson has become the clear favorite to succeed Theresa May as UK Prime Minister, and that poses a risk for traders looking to sell the British Pound.


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GBPUSD Hammered on Brexit Blacklash - Is This the End for UK PM May?

There is growing noise and tweet activity suggesting that UK PM Theresa May could well be out of a job very shortly after her disastrous ‘new deal’ Brexit presentation Tuesday.


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Top 5 Events: May Fed Meeting Minutes & DXY Index Price Forecast

The minutes from the May Fed meeting are due on Wednesday, May 22 at 18:00 GMT.


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Becoming a Better Trader – Identifying High Quality Trade Set-ups

In this webinar, we discussed the process of 'building a case' for identifying good trading opportunities.


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EUR/JPY Price Forecast: Bullish Sentiment Grows After Breaking 123.10

EUR/JPY has moved higher after days of seller hesitation. Here are the important technical levels of resistance, and support, the pair may likely encounter in the coming days.


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Euro Price Forecast: EUR/USD Breakouts Await Ahead of Elections

The Euro has been eerily quiet so far this week, and tomorrow brings a big driver with the start of European Parliamentary elections. EUR/USD breakouts await.


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USDCAD Breakout, GBPUSD Selling Persists, EURGBP on Record Win Streak - US Market Open

The outlook for the Pound remains soft, a break below 1.2670 sees GBPUSD at the lowest level since the beginning of January. Loonie firms on better than expected retail sales .


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Dow Jones, US & UK Crude Oil, Silver Price Charts & More

Stocks could struggle again soon, crude oil and precious metals too; technical considerations highlighted across several markets.


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USD Bulls Eye Return to 2019 Highs on FOMC Minutes

Focus will be on the FOMC minutes from the April meeting, in which Fed Chair Powell cooled rate cut bets having highlighted transitory factors behind soft inflation.


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USDCAD Price Outlook Hinges on Canadian Retail Sales Data

The latest Canadian Retail Sales release may make-or-break USDCAD in the short-term with the pair currently testing one-month lows.


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Gold Price Yearly Low on the Horizon, Silver May Soon Be Under 14

Precious metals continue to be weak, with gold teetering on a trend-line while silver has no meaningful support until a bit further down.


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GBPUSD Price Outlook: Risk of Sterling Flash Crash Trendline Support

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GBPUSD Price May Yet Drop More as UK Inflation Data, Brexit Sour Mood

The GBPUSD price continues to trend lower, and further losses cannot be ruled out on a toxic mix of Brexit worries, uncertainty over UK PM May’s leadership and weak UK inflation figures.


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Crude Oil Price Eyeing Break of Near-Term Technical Support

Crude oil continues to edge lower this week in thin trade and now nears a cluster of technical indicators that could decide its short-term future.


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SEK and NOK Hold Breath Ahead of FOMC Meeting Minutes

Swedish Krona and Norwegian Krone crosses with the US Dollar will likely experience higher-than-usual volatility after the FOMC publishes its meeting minutes.


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GBPUSD Rate Risks Near-Term Rebound on Rising UK CPI

Updates to the U.K. Consumer Price Index (CPI) may spark a near-term rebound in GBP/USD as both the headline and core rate of inflation are projected to pick up in April.


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Gold Prices May Drop as FOMC Minutes Cool Rate Cut Speculation

Gold prices may fall as minutes from May’s FOMC monetary policy meeting cool interest rate cut speculation and offer a boost to the US Dollar.


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SEK, NOK Brace for European Elections, Nordic Unemployment Rates

The Swedish Krona and Norwegian Krone are in for a volatile week ahead of local unemployment rates, Fed and ECB meeting minutes and the European elections.


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Singapore Dollar, Malaysian Ringgit Chart Analysis: Turning Point?

Both the Singapore Dollar and Malaysian Ringgit may be at key turning points against the US Dollar, with USD/SGD and USD/MYR sitting under resistance. IDR and PHP prices are also covered.


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AUDUSD Chart Analysis: Eyeing 0.67 as Election Bounce Fizzles

The Australian Dollar is eyeing 0.67 against its US counterpart having failed to make much of a rally after Prime Minister Morrison unexpectedly won the federal election.


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Dow Gaps Higher Amid Trade War and GDP Downgrade, EURGBP Notches 13 Days

The world’s largest economies refuse to veer from their trade war collision but the market was heartened by a 90-day Huawei respite. With another Brexit breakthrough failing, the focus is now on abstract growth threats and anticipation for the EU elections.


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Oil Prices Cling to Bullish Trend as OPEC+ Alliance Remains in Effect

The price of oil may continue to track the upward trending channel from earlier this year as OPEC and its allies pledge to keep crude ‘inventories under control.’


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GBPUSD Drop in Focus, Brexit Optimism Keeps Fading. CAD Up on USMCA

The GBP/USD downtrend may accelerate on bearish-contrarian signals with confidence of a Brexit deal persistently fading. The Canadian Dollar is benefiting from USMCA talk progress.


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S&P 500 Outlook: Retail Sector Slides Amid a Series of Missed Earnings

Another round of US retailers warned of adverse impacts from the US-China trade war as the S&P 500 traded higher amid a license extension for Huawei.


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GBPUSD Currency Volatility: Brexit Latest Rattles Sterling

The latest developments surrounding Brexit sent spot GBPUSD swinging during Tuesday's trading session. Will British Pound volatility continue to increase?


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Gold Price Edges Lower in Range as Gold Volatility Sinks

Gold prices are edging lower as 1-month implied volatility heads back towards its all-time low.


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TSLA, Uber Stock Troubles Could Signal Shifting Tech Sentiment

As the conditions which resulted in huge valuations for some tech companies begin to fade, Tesla’s recent stock trouble could be the first sign investors have caught on to the shift.


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

The US Dollar continues to tip-toe towards the two-year high but bulls haven't yet been able stage a break. This webinar looks at setups around the USD.


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USDCAD: USD Eyes Powell & Fed, CAD Climbs on USMCA & Oil

The Canadian Dollar climbs on the back of recent USMCA tailwinds and oil price gains, but the prospect of hawkish FOMC minutes due Wednesday threatens to keep USD bid.


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US Dollar Price Breakout Still Possible; US-China Trade War Latest

The DXY Index touched a fresh monthly high on Tuesday, drawing into focus a potential bullish breakout opportunity around the May FOMC minutes release midweek.


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Aussie Price Outlook: Australian Dollar in Search of Support

Aussie has plummeted more than 5.7% from the yearly high with the breakdown taking price towards the 2016 lows. Here are the levels that matter on the AUD/USD charts.


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British Pound Jumps as UK PM May Seeks Second Referendum on Brexit

GBPUSD prices are rallying sharply amid the last-ditch effort by UK Prime Minister Theresa May to prevent a no deal, “hard Brexit.”


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GOLD: 80% 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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Bitcoin: Retail Trader Data Shows 77.6% 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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USD/CAD Levels to Watch if the Current Sideways Movement Breaks

USD/CAD Stuck in a sideways pattern:For nearly four weeks USD/CAD has been consolidating within a narrow trading range (1.3516 – 1.3377)


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Gold Price Outlook: Gold Breaches Trend-Line, Yearly Low Exposed

Gold price remains on the move as last week's flare of strength has fallen flat. Prices are now below the trend-line that's held the lows since last August.


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Gold Prices Tests 2019 Lows, GBPUSD Recovers on EURGBP Drop - US Market Open

The Pound has made a slight recovery from intra-day lows (1.2686) to reclaim the 1.27 handle as EURGBP pulls back from the 200DMA.


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Dow Jones Outlook: Recovery Continues, Levels to Know

US equities continue to recover after a bearish sell-off showed after the May open. But can buyers continue to drive to further recovery prior losses?


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US Dollar News: USD Price Nears 2-Year High; Fed Speak, FOMC Minutes Loom

The US dollar basket (DXY) continues its bullish sequence and is nearing highs last seen two-years ago as the greenback remains ‘the cleanest shirt in the dirty laundry basket’


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Market Sentiment Recovers on US Easing of Huawei Restrictions | Webinar

An easing of US curbs on China’s Huawei has lifted market sentiment but fears of a further escalation of the US-China trade dispute continue to damage confidence.


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EURUSD, GBPUSD, USDJPY & Gold Price Levels in Play

The Dollar looks headed higher against most currencies except maybe the Japanese Yen, gold is teetering on important trend-line support.


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AUDUSD Risks Return to Flash Crash Lows as RBA Commits to Rate Cut

Overnight, the RBA Governor explicitly stated that the central bank has an easing bias, consequently, markets are near enough fully priced for a rate cut at the upcoming meeting.


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Euro Price Slide Set to Continue as European Elections Draw Closer

The EURUSD price has weakened to its lowest level since May 3 and will likely fall further around the European Parliament elections that begin Thursday.


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DAX 30 & CAC 40 Technical Update: Support, Patterns to Watch

The sell-off yesterday in the German and French benchmarks are bringing into view trend-line tests, potentially bearish price patterns.


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GBPUSD Price Slumps as Brexit Turmoil, USD Strength Takes its Toll

Sterling has broken down yet again against a resurgent US dollar and has slipped below 1.2700 for the first time in over four months.


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Australian Dollar May Extend Drop as Yen Gains on OECD Outlook

The Australian Dollar may continue to fall after a bruising Asia Pacific trading session as a downbeat OECD economic forecast update spooks risk appetite.


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GBPUSD Rate Breaks Bearish Sequence Despite Cautious BoE Rhetoric

Recent price action in GBP/USD raises the risk for a near-term rebound as the exchange rate fails to extend the series of lower highs & low from the previous week.


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Samsung Lifts KOSPI on US Huawei Ban, FTSE 100 Outlook More Bearish

Equities embraced the US delaying banning Huawei as Samsung Electronics upheld South Korea’s KOSPI in Asia trade. The FTSE 100 is vulnerable to a brewing bearish technical signal.


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Gold Prices Probe Trend-Defining Chart Barrier, OECD Update Eyed

Gold prices have slumped back to support guiding their 9-month uptrend, with sellers eyeing a downbeat OECD economic outlook update for a potential catalyst.


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S&P 500 Repeats Gap Down on Trade War News, Oil Cautious on US-Iran

A new week starts with caution and an effort to identify what has the greatest total impact over the market. Growth fears and political risks are prominent, but trade wars retains the greatest fundamental gravity.


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AUD/USD Downtrend Eyed as RBA Minutes Hint Rate Cut Possibility

The Australian Dollar depreciated as the minutes of the RBA May interest rate decision noted that a cut is “likely appropriate” if there are no further improvement in the labor market.


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Bullish Silver Price Outlook Suggests US Dollar May Turn Weaker

The silver price outlook is bullish against a backdrop of trend changing towards a weaker US Dollar.


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Post-Election AUDUSD Rebound Susceptible to Dovish RBA Minutes

The RBA Minutes may undermine the AUD/USD rebound following the Federal election if the central bank shows a greater willingness to further insulate the economy.


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Crude Oil Prices Up on US-Iran Strain, Yen Eyes Huawei Extension

Crude oil prices are eyeing resistance after US President Donald Trump reiterated threats on Iran. Meanwhile, the Yen is at risk as the US granted Huawei a 90-day temporary extension.


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FX Week Ahead - Top 5 Events: UK Inflation; Fed Minutes; ECB Minutes; Japan Inflation; US Durable Goods

The second to last week of May brings central banks and inflation data into focus.


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S&P 500 Lower Gaps Continue as Trade War Confidence Erodes

The S&P 500 gapped lower for the third consecutive Monday, as trade war confidence wanes and proponents of the “sell in May and go away” strategy rejoice.


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Top 5 Events: April UK Inflation & GBPJPY Price Forecast

The April UK Consumer Price Index is due on Wednesday, May 22 at 08:30 GMT.


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Canadian Dollar Weekly Price Outlook: Loonie Breakout Imminent

Loonie continues to trade within the confines of the monthly opening-range heading deep into May trade. These are the levels that matter on the USD/CAD weekly chart.


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COT Report: Crude Oil, Gold, Silver, Copper Outlook

Investors begin to shed bullish oil positions, while gold net longs surge on safe-haven demand. Silver and copper speculators raise bearish positioning.


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Using the COT Report in Forex Trading

Learn how to trade forex using the Commitment of Traders Report. View top trading strategies and how to do COT report analysis.


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Weekly Trade Levels for US Dollar, Euro, Sterling, Loonie, Gold & Oil

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


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Gold Breakout on Hold as Prices Return to Range, Volatility Drops

After hitting a four-week high in early-May, Gold implied volatility has quickly slumped back towards its all-time low.


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US Dollar Price Action Setups After Last Week’s Bullish Barrage

The US Dollar had a very strong outing last week. Can buyers remain in-charge to push up to a fresh 2019 high?


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USD/CHF Price Forecast: Bearish Momentum Intact - 1.1026 Remains Key

USDCHF recently rejected the psychological 1.0000 level but momentum still looks negative. The next move is key for the pair's short-term future.


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Weekly Trading Forecast: Dollar and S&P 500 Still Within Range of Major Highs

Volatility stirred this past week, but it wouldn’t be applied to a clear direction for the benchmark assets. With the Dow and S&P 500 unsure of their direction having dropped back from record highs and the Dollar fresh off a 5-day rally to within reach of its own two-year high, technical traders are focused on whether we see break or reversal. What they should really contemplate is the capacity of follow through.


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AUDUSD Soars on Shock Election, Apple Shares Slump, Risk of S&P 500 Drop - US Market Open

The AUD outperforms following a shock election outcome, in which Prime Minister Scott Morrison secured re-election.


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Weekly Trading Forecast: Trade War Sentiment Fluctuates Violently, Sabotages Risk Trends

While there has been plenty of discussion surrounding growth forecasts and political risks moving forward, the most active fundamental theme remains trade war developments. We had clear points of improvement on that front this past week with a delay in US auto tariffs and the lifting of metals import taxes to smooth the USMCA deal. That said, the souring mood between the US and China seemed to keep sentiment suppressed. Does this continue?


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Sterling (GBP) Outlook: UK Inflation, Brexit & ECB/Fed Minutes

A busy UK week ahead with a variety of high importance drivers for traders to look out for.


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Crude Oil Price May Be Carving Out a Top

Oil is trading higher so far from a successful test of support, but there is potential now for a meaningful lower-high to develop at a meaningful spot on the chart.


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COT Report: Japanese Yen and Euro Shorts Collapse, USD Longs Reduced

USD net long positioning cut by $4.6bln vs G10 FX, led by a sizeable liquidation in JPY and Euro shorts.


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GBPUSD Price Rattled by Heightened Brexit Fears, European Elections Near

Sterling opens the week slightly better bid against the US dollar but the outlook for GBP remains uncertain as Brexit turmoil continues to feed bearish sentiment.


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GBPUSD, NZDUSD & GBPNZD Chart Set-ups to Watch

A couple of interesting developments on GBP and NZD charts versus USD and against one another worth paying attention to this week.


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Gold Price Sell-Off Continues, Silver Price Hits a Six-Month Low

Gold continues to fall and is now around $30 lower from last Tuesday’s recent high, while Silver hit lows last seen in December last year.


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AUD May Trim Election Gains as Yen Rebounds on Powell Speech

The Australian Dollar may trim gains scored courtesy of the federal election outcome while the anti-risk Yen gains as comments from Fed Chair Powell spook markets.


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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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US Dollar May Gain Versus SGD, PHP on Neutral Fed, Trade War Fears

The US Dollar may accelerate gains versus the Singapore Dollar on US-China trade war escalation fears. Neutral reiterance from the Fed risks extending USD/MYR and USD/PHP uptrends.


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Singapore Guns For London, NY In Forex Boost, Watch Its Progress

Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order.


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Crude Oil Price Rise on US-Iran Spat, OPEC Output Cuts May Fizzle

Crude oil price rose as US President Trump threatened Iran while OPEC mulled extending its output cut scheme, but a speech from Fed Chair Powell may see the move unravel.


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GBP Downtrend Losing Control on Cloudy Brexit Outlook, Yen May Gain

The GBP/USD downtrend eyes November lows on a more uncertain Brexit outlook. Reports that US-China trade talks stalled may boost the anti-risk Japanese Yen as the Nikkei 225 falters.


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Australian Dollar Up as Morrison Unexpectedly Triumphs in Election

The Australian Dollar rose against all its major currency counterparts after the incumbent Liberal party unexpectedly triumphed in its country’s federal election.


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Weekly Trading Forecast: Dollar and S&P 500 Still Within Range of Major Highs

Volatility stirred this past week, but it wouldn’t be applied to a clear direction for the benchmark assets. With the Dow and S&P 500 unsure of their direction having dropped back from record highs and the Dollar fresh off a 5-day rally to within reach of its own two-year high, technical traders are focused on whether we see break or reversal. What they should really contemplate is the capacity of follow through.


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Weekly Trading Forecast: Trade War Sentiment Fluctuates Violently, Sabotages Risk Trends

While there has been plenty of discussion surrounding growth forecasts and political risks moving forward, the most active fundamental theme remains trade war developments. We had clear points of improvement on that front this past week with a delay in US auto tariffs and the lifting of metals import taxes to smooth the USMCA deal. That said, the souring mood between the US and China seemed to keep sentiment suppressed. Does this continue?


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Dow Jones, DAX 30 and FTSE 100 Technical Forecast

The Dow Jones, DAX 30 and FTSE 100 faced a week filled with volatility. As fundamental themes continue to simmer, technical levels will become all the more critical.


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S&P 500, DAX Fundamental Forecast

US/China continue to pressure equity markets, focus turns towards Fed Chair Powell. DAX finds relief from delay in EU auto import tariffs.


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EURUSD Weekly Technical Outlook: Euro Weakness to Remain the Theme

The Euro is poised to trade down to last month’s low or lower in the days ahead as the Dollar looks to reassert itself, however; expect some bumps along the way…


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Euro Braces for Volatility Ahead of EU Elections, ECB Minutes

The Euro will likely experience its most volatile week year-to-date as the ECB and Fed release their meeting minutes and the EU undergoes the most consequential vote in its history.


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Gold Price Forecast: The Better Precious Metal Shows Its Mettle

Gold has continued to rally in non-US Dollar terms, and even against the price of Silver. While ultimate upside may be limited in USD terms, the environment continues to ripen for further XAU strength.


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Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes

Spot gold prices eye safe-haven bids in response to US China trade war risk, but XAUUSD could face headwinds if the May FOMC minutes due for release next week reveal a hawkish Fed.


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Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes

Spot gold prices eye safe-haven bids in response to US China trade war risk, but XAUUSD could face headwinds if the May FOMC minutes due for release next week reveal a hawkish Fed.


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Dollar Approaches Two-Year High as Major Crosses Grope for Traction

The US Dollar ended a remarkably strong week through this past Friday


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US Dollar to Rise as Fed Talks Down Rate Cuts Amid Market Turmoil

The US Dollar may rise as the Federal Reserve talks down prospects for near-term stimulus even as slowing growth and shaky politics rattle global financial markets.


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Crude Oil Price Forecast: Drifting Towards Technical Support

The ongoing battle between supply and demand is keeping crude oil constrained within a trading range and this is likely to remain the case for the days ahead.


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Crude Oil Price Forecast: Drifting Towards Technical Support

The ongoing battle between supply and demand is keeping crude oil constrained within a trading range and this is likely to remain the case for the days ahead.


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Crude Oil Price to Bypass OPEC Meeting for Trade Wars, Fed Minutes

Crude oil price gains on a delay in US auto tariffs may be short-lived. Oil may fall after the OPEC+ meeting on trade war fears, the FOMC minutes and bearish-contrarian price signals


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S&P 500, USDCNH and EURGBP Nexus of Speculative Interest Next Week

Despite signs of improvement in certain areas of global trade conflicts, the unflattering focus on the US-China fight remains the speculative fixation. For those tracking sentiment, USDCNH may prove one of the most important benchmarks moving forward.


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Australian Dollar Targets 2009 Lows, AUD/CAD and EUR/AUD Follow?

Will the Australian Dollar sustain its aggressive selloff across the board? AUD/USD is facing 2009 lows. AUD/CAD looks to lows from 2013 and 2015 as the EUR/AUD uptrend faces resistance.


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Reeling Australian Dollar Still Buffetted By US-China Trade War Storm

The Australian Dollar fell further last week as the foreign and domestic negatives for it piled up. A general risk appetite bounce could help but is hard to foresee.


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Currency Volatility: EUR/USD and AUD/JPY in Focus

Upcoming event risk and lingering market threats place EUR/USD and AUD/JPY in the spotlight next week for potentially sizable swings in spot prices.


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Gold: 76.8% 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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Gold Price Plummets, Seeks Technical Support Near May Lows

A two-week gold price rally was undone in just two sessions as the precious metal sank from $1,300 to $1,275 after a failed run at key resistance - now it grasps for support.


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USDCAD Rips and Dips on Tariffs, USMCA Deal, BOC Report

USDCAD soared then swooned in a volatile trading session due to downbeat rhetoric found in the Bank of Canadas latest Financial Stability Report but now being offset by positive USMCA deal news.


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Dollar Jumps as Consumer Sentiment Hits 15-Year High

The University of Michigan Consumer Sentiment Index printed a reading of 102.4 this morning, a 15-year high, which also crushed estimates of 97.2.


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Australian Dollar Technical Analysis Overview: AUDUSD, AUDJPY, GBPAUD

AUDUSD downside momentum intensifying. AUDJPY outlook remains bearish. GBPAUD maintains uptrend, however, breakout looks unlikely in the near-term.


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GBPUSD Extends Drop, Chinese Yuan in Freefall, Beware of Currency Intervention - US Market Open

Unsurprisingly, UK cross party talks collapse, GBP drops as a result. Chinese Yuan falls to November lows. However, beware of FX intervention.


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GBPUSD Price Slumps to a Four-Month Low on Brexit Disarray

Sterling (GBP) is coming under increasing pressure, especially from the USD, after news that UK cross-party talks have ended without any agreement, leaving PM May increasingly isolated.


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Dollar Higher; Pound, Euro, and Gold Price Charts for Next Week

In today's look-ahead to next week we look at the possibility of more Dollar strength and gold's sudden turn towards an important support test.


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FTSE 100 Outlook – Strong Recovery Brings into Play New Set of Scenarios

The FTSE has lifted strongly off support, there are a couple of possibilities to monitor here in the days ahead.


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Gold Price Outlook Eyes US Data and Chinese Yuan Weakness

Gold is trading around an important technical level and its next move may be prompted by ongoing USDCNH weakness and/or this afternoon’s important Uni of Michigan sentiment release in the US.


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Crude Oil Price Outlook: Oil Backwardation at 4yr Highs Ahead of OPEC Meeting

Crude Oil backwardation highest in 4yrs, which in turn has typically provided a bullish structure for the spot price.


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Bitcoin (BTC) Price Slumps on Heavy Selling Interest

The crypto-market took one on the chin Thursday evening, slumping anywhere between 10% and 20% in a matter of minutes as heavy Bitcoin sell orders roiled the market.


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Euro Shaken Ahead of EU Elections - Lessons From Sweden’s Gridlock

The Euro will get progressively jumpier ahead of next week’s European parliamentary elections. Was Sweden’s 2018 gridlock foreshadowing of what is to come?


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EUR/USD Technical Analysis: Euro Takes Aim at April Low

The Euro looks to be taking aim at April lows near the 1.11 figure against the US Dollar after breaking below a chart support level.


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Sony Boosts Nikkei As US-China Trade War Drags On Chinese Stocks

Friday was a mixed session for Asia Pacific mainboards with trade worries still hanging round the neck of Shanghai and Hong Kong. Risk appetite elsewhere revived a bit, however.


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Gold Prices Fall as Cisco, Walmart Earnings Cool Trade War Fears

Gold prices slumped as upbeat earnings reports form Cisco and Walmart tempered worries about the economic impact of the US-China trade war.


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Both S&P 500 and USDCNH Advance Through Uneven Trade War Views

Efforts to revive some enthusiasm around trade conditions to stoke a recovery in risk appetite is proving an uneven effort. With the US-China situation still intensifying and no confirmation on auto and metals tariffs, how enthusiastic should we be?


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USDPHP Uptrend Gains, BSP Cuts RRR. IDR Upheld by Bank of Indonesia

USD/PHP uptrend extended as the BSP cut bank reserve requirement ratios. Meanwhile, USD/IDR may fall as the Bank of Indonesia guards the Rupiah. Both currencies at risk to trade wars.


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Australian Elections Preview - How Will Markets React?

As polls show that Labor has a small victory over the Coalition, the composition of the Senate is going to be key for the governing party to pass its policies. Labor’s policies may spook traders if they believe Bill Shorten will implement his campaign promises.


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US Dollar Rises, EURUSD Targets 2017 Lows as Fed Rate Cut Bets Cool

The US Dollar extended gains alongside the S&P 500 with rising bond yields, EUR/USD cleared support and the Euro may retest June 2017 lows again on market positioning signals.


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Volatility Jumps Across FX, Stocks, Bonds, Gold as Risks Rise

What might the trend and relationship of volatility for various assets suggest about the global markets?


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Traders Should Limit Equity Exposure Ahead of Auto Tariff Deadline

Without a statement from the President himself regarding the Section 232 auto tariff investigation, holding equity exposure over the coming weekend has heightened risk.


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S&P 500 Rallies on Earnings Despite Warnings of Trade War Impact

The S&P 500 is timidly in the green for the week after a series of strong earnings bolstered the Index - despite concerns regarding the US-China trade war.


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Gold Price Recedes from 1-Month High as Yields Rebound

XAUUSD collapsed below the psychologically-important $1,300 price level as rebounding yields and recovering risk appetite sent gold tumbling.


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EURGBP Extends Winning Streak as Brexit Uncertainty Weighs

EURGBP extended its daily winning streak to 9-days after a series of breakdowns in Brexit dealings have eroded market confidence that cross-party talks can progress.


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USDCNH Nears Decade High, Huawei Ban Worsens US-China Relations

As if Huawei’s strained relationship with Europe was not bad enough, it has now got worse for the Chinese telecommunications giant as US President Trump has placed the company on the country’s “Entity List” of banned companies.


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GBP/JPY Price Outlook: Further Bearish Momentum Hints at 139.00

Negative break to the downside: Since early Jan GBP/JPY has been trading to the upside from the higher-high created on Jan 25 at 144.84


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GBPUSD Breaks Support, AUDUSD Drops, RBA Rate Cut Coming - US Market Open

GBPUSD is once again on the backfoot with the pairing posting a fresh 3-month low. Rising Aussie unemployment rate confirms RBA rate cut is coming.


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EURUSD Price: Negative Bias as Italy-German Yield Spread Widens

EURUSD trades just above 1.1200 with little in the market today to drive a move either way. The closely watched 10-year BTP/Bund yield spread remains near a five-month wide, weighing on the pair.


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S&P 500 and Dow Jones Charts: Gunning for Gap-fills

The market turnaround yesterday has the Monday gap in sight as a likely level to achieve in the very near-term.


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Gold Price & Silver Outlook with Chart Levels and Lines to Watch

Precious metals have a somewhat mixed picture to them; gold has a pattern forming after an important trend-line break while silver remains capped by strong t-line resistance.


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Ethereum, Stellar Price: Double-Digit Gains Fuel Crypto-Market Surge

The cryptocurrency market hit a nine-month high market capitalization with Ethereum (ETH) and Stellar (XLM) showing double-digit gains as investors continue to put money back into the market.


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Brexit Latest: Theresa May to Resign or Face No Confidence Vote

The End of May is Near. The Prime Minister is faced with two choices as she meets the 1922 Committee.


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Crude Oil Price Boosted as Middle East Tensions Escalate

Crude oil is pushing back towards levels seen two week ago as political uncertainty in the Middle East continues to dominate short-term price action.


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Australian Elections Preview - How Will Markets React?

As polls show that Labor has a small victory over the Coalition, the composition of the Senate is going to be key for the governing party to pass its policies. Labor’s policies may spook traders if they believe Bill Shorten will implement his campaign promises.


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Can China Outlast the US Through Painful Trade War Escalation?

The Yen is back on offensive as US-China trade war fears return. Might Beijing outlast Washington through painful tit-for-tat tariff escalation?


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US-China Trade War Keeps Japanese Yen Bulls In Technical Charge

The Japanese Yen is doing well out of trade war fears, as it usually does. However its gains against major rivals have stalled at key retracements.


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NZD/USD Chart Analysis: NZ Dollar at Decisive Long-Term Juncture

The New Zealand Dollar is at a decisive inflection point for the long-term price trend, with sellers threatening to breach 18-year rising trend support.


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