Thursday, 4 October 2018

US Crude Oil Price Marches Higher Despite Report of Output Increase

The US crude oil price continues to defy gravity despite a report that Saudi Arabia and Russia agreed last month to raise their oil production.

Gold Price Continues to Struggle Against Resistance

The recent bounce in the price of gold from its one-week low looks to have played out with the fundamental background suggesting a lower price in the short-term.

EURUSD Sliding Towards Technical Support - Will it Hold?

EURUSD continues to battle weak EUR fundamentals and a resurgent US dollar. Help maybe in sight from a couple of technical support levels but the trend still points to lower prices.

USDJPY Price Accelerates Higher on Strong US Data, Hawkish Fed

The USDJPY price has broken to the upside as a combination of strong US data, hawkish comments from the Federal Reserve and firmer US Treasury yields combine to boost the Dollar.

Daily Nse Pivot Resistance Calls 04/10/2018


Daily Mcx Pivot Resistance Calls 04/08/2018


Economic Calendar 04/10/2018


Daily Morning Calls 04/10/2018



Why Bitcoin Could Decline Another 85% and Still Be the Next Big Thing (or Not)

Bitcoin is following the same path as major bubbles in the past in its deflation process, suggesting that it has much further to fall before the cycle ends.

AUD/NZD Bearish Chart Pattern Developing Nicely

AUD/NZD price action has been somewhat erratic of late, but the developing head-and-shoulders pattern suggest it is on the verge of declining soon.


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Yen, Franc Rise as Hawkish Fed Outlook Shift Spooks the Markets

The anti-risk Japanese Yen and Swiss Franc traded broadly higher as worries about a steeper Fed rate hike cycle spooked investors across financial markets.


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Wednesday, 3 October 2018

Crude Oil Price Gains May Stall as Gold Drops on Fed Rate Hike Bets

Crude oil prices may stall after hitting a four-year high while gold retreats as swelling Fed rate hike bets sour risk appetite and drive yields higher alongside the US Dollar.

ASX 200 Stands Tall As Asia Stocks Tumble. USD/JPY Rise May Pickup

Asia Pacific shares mostly fell as the New Zealand Dollar tumbled as expected. The ASX 200 managed to stand tall but market mood may keep deteriorating, sending USD/JPY prices higher.

Reliable Market Calm or Conditions More Akin to February SPX and VIX Explosions?

Quiet can be encouraging for a market. It can reflect a conviction – especially during true bull trends. Yet, quiet in the face of palpable fundamental and speculative risks can signal complacency which stages eventual trouble.


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Japanese Yen Stymied as Bank of Japan Stimulus Ploughs On, and On

There were whispers earlier this year to the effect that the Bank of Japan might wind down monetary stimulus even though inflation was weak. They have been silenced.


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PHP, SGD, IDR, MYR Tech Outlook. Trend Resumption vs Consolidation

The Indonesian Rupiah and Singapore Dollar could be facing uptrend resumption against the US Dollar next while USD/PHP and USD/MYR may prolong their consolidation.


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AUD Spikes On Trade Balance, Italy and EM May Cause Reversal

The Australian Dollar strengthened against the greenback after the release of August’s trade balance. However, rate differentials or risk aversion may bring a reversal.


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Dollar Bolds Through Resistance on its 6-Day Charge, Pangs of Concern from US Equities

While DXY Dollar Index extends run to six straight days, S&P 500 and Dow momentum is still absent. Italy and Brexit weigh on the Euro and Pound.


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Nikkei 225 Technical Analysis: Time To Pause, Build Solid Base

The Nikkei 225 is enjoying an incredible run but it’s looking exhausted and it could be time to consolidate its gains. Near-term support looks solid


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Fed Rate Hike Bets Leave Nikkei 225 at Risk, AUD/USD Eyes New Low?

Italy news, ISM services data and a speech from Fed Chair Jerome Powell boosted the US Dollar and bond yields which poses a risk for Asia Pacific shares. AUD/USD may set a new 2018 low.


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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...