Wednesday, 3 October 2018

Elliott Wave Analysis: Crude Oil & Natural Gas Longer Term

The Elliott Wave forecast for crude oil prices show a maturing up trend. The Elliott wave forecast for natural gas show resistance just above current levels.


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USD/JPY Technical Analysis: Alignment of Forces Keeps Yen Weak

When USD/JPY rallies, traders tend to sleep better and see that all is right in the world. The next test for USD/JPY sets up an attempt with intermarket forces acting as support.


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AUD/USD Rate Eyes 2018-Low as Lower Highs & Lows Emerge

AUD/USD appears to be on track to test the 2018-low (0.7085) as the exchange rate carves a fresh series of lower highs & lows.


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AUD/USD Weekly Technical Perspective– Aussie Targets 2018 Lows

The Australian Dollar is plummeting into the monthly open with price threatening fresh yearly lows. Here are the key levels that matter on the AUD/USD weekly chart.


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Dow Jones Drives to All-Time-Highs to Kick-Off Q4

The Dow Jones Industrial Average continues to ripo, and the index is coming off of another fresh all-time high. This extends the run from the June lows to 12.4% - in less than five months.


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EUR/USD Weakness to Persist on Dovish ECB, Hawkish Fed

EUR/USD gives back the advance from the previous month, with the exchange rate at risk for further losses amid the deviating paths between the ECB and the Fed.


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US Dollar Weekly Technical Perspective - DXY Battle Lines Drawn

The US Dollar is on the offensive into the open of October trade with NFPs on tap. Here are the key levels that matter on the DXY weekly chart heading into 4Q.


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S&P 500 Presses Record Levels After Stunning Service Sector Data

The S&P 500 climbed higher early Wednesday after September’s ISM non-manufacturing data revealed the service industry grew at the quickest pace on record.


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Oil Remain Overbought Despite Jump in U.S. Crude Inventories

Recent price action keeps the near-term outlook for crude oil tilted to the topside as the RSI sits in overbought territory for the first time since the start of the year.


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Turkish Lira Resilient Despite Inflation Surge, USD up on ADP - US Market Open

USD rose on the back of the strong ADP report, increasing upside risk for Friday’s NFP report, while TRY remains resilient despite surging inflation.


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US Dollar Pushes to July Highs as EUR/USD Re-Tests 1.1530 Support

Q4 has opened the way that Q3 ended, with trends in both EUR/USD and the US Dollar while equities push-higher. In this article, we look at the backdrop in major FX markets.


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Trading Outlook for USD Index, EUR/USD, USD/JPY & More

The DXY is pressing up against resistance and with it the euro is at support, USD/JPY has resistance zones ahead to contend with.


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Bitcoin, Ethereum, Litecoin: Tight Ranges May Spark Volatility | Webinar

The cryptocurrency market remains in a rut, but downtrend lines and support zones are due to collide shortly leaving the way open for some volatile moves.


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DXY Index Sustains Gains as EUR/USD Bounce Fades

Despite Italian bond yields pulling back, the Euro has been unable to hold onto earlier gains.


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S&P 500 and DJIA Maintains Bullish Trajectory, However, Italian Risk’s Loom

US equities remain tilted to the upside, while slight receding of Italian risks for now has improved risk sentiment.


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US Crude Oil Price Set to Stabilize at Higher Levels

The price of US crude oil looks to be stabilizing close to the $75/barrel mark after its strong run higher on the prospect of US sanctions on Iran.


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Gold and Silver Technical Outlook Remains Uncertain but Improving

Precious metals remain a difficult market, but with price on the move that could soon change; levels and lines to watch.


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GBP Price Could Correct Higher as UK Political Risk Recedes

After UK Prime Minister Theresa May’s closing speech at the annual conference of her ruling Conservative Party, a reduction in political risk could prompt a GBP rally.


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Aussie, NZ Dollars Dive as Easing Italy Fears Boost Fed Rates Outlook

The Australian and New Zealand Dollars fell despite a typically supportive risk-on mood as easing budget worries in Italy removed a would-be hurdle for Fed rate hikes.


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EURUSD Remains Technically Weak Despite Italian Budget Chatter

EURUSD rallies of Tuesday’s low on reports that Italy will reduce its budget deficit over the next three years. Italian bond yields however remain near their multi-year highs, casting doubt on the news.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...