Wednesday, 10 October 2018

Bitcoin, Ethereum, Ripple: Beware of Tight Ranges | Webinar

The cryptocurrency market continues to trade sideways in increasingly tight trading ranges. Any pick-up in volume could see a sharp break, either way.

Technical Take for Gold Price, Crude Oil, DAX, S&P 500, and More

Gold continues to be difficult in a trading range, crude oil at risk of further weakness after hitting resistance, DAX and S&P 500 both trying to reverse off support levels.

EUR Price Held Back by Concerns About Italian Budget

The Euro looks set to remain under pressure against its major rivals as concerns about the Italian budget continue to put off buyers.

FTSE Chart Analysis – Trying to Reverse from Critical Area of Support

Yesterday, the FTSE sank into a confluence of support and put together a minor reversal; it's a big area looking out over the long-term.

UK Data Leave GBP Price Little Changed as Brexit Dominates | Webinar

A mixed bag of data on the UK economy left the GBP price and London stocks little changed as traders in UK assets continue to focus on Brexit.


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Sterling Price: GBPUSD Rallies Hard on Brexit Deal Chatter

Sterling put in a robust performance against the US dollar late Tuesday after chatter hit the market that the UK and the EU are much closer to agreeing a Brexit deal than previously thought.


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US Dollar May Rise Anew as Fed Outlook Firms After Inflation Data

The US Dollar may return to the offensive as Fed interest rate hike expectations build anew after September’s inflation data comes across the wires.


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Tuesday, 9 October 2018

Asian Stocks Mixed, Narrow In Data-Light Session, Dollar Lower

Asia Pacific equity markets didn’t have much news to chew over Wednesday and put in a mixed performance. The US Dollar slipped a little but remains close to 7-week highs


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Gold Prices Fail to Capitalize on US Dollar Pullback, PPI Data on Tap

Gold prices tellingly failed to capitalize as the US Dollar and Treasury bond yields pulled back in tandem. September’s US PPI data is now in the spotlight.


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What Separates a Bout of Risk Aversion from a Bear Market Crash?

A fit of risk aversion alone is not enough to usher in the lasting influence of a lasting flood of deleveraging, much less a financial crisis. To hit that level of contagion requires a few other systemic pieces.


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US Dollar Struggling Versus SGD as USD/IDR and USD/MYR Prices Rise

The US Dollar is struggling to keep its gains against the Singapore Dollar while USD/IDR and USD/MYR add momentum to their ascent. Meanwhile USD/PHP is facing reversal pressures.


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Japanese Yen Technical Analysis: USD/JPY Offers Dip-Buy Prospects

The Japanese Yen has fought back a little against the US Dollar but the fundamentals remain against it and will probably reassert themselves soon enough


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Dow and Equities Steady as IMF Downgrades Growth, Dollar Looking a Reversal Risk

The IMF has lowered its growth forecast and raised its warnings for the future. Despite the warning, risk trends have refused to fully capitulate. Meanwhile, President Trump has reiterated his Fed critique and drawn the Dollar’s attention.


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NZD/USD Technical Analysis: Upswing May Precede Further Weakness

New Zealand Dollar technical positioning hints a bounce may be ahead, but any gains are likely to be corrective within the broader downward trend.


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Can IMF FSR Interupt Stock, AUD/USD & NZD/USD Gains as Yen Falls?

US government bond yields fell from 2011 highs as trading came online from the holiday, offering stocks some relief. The IMF Financial Stability Report may interrupt AUD and NZD gains.


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AUD/USD Rate Forecast: Rebound Takes Shape as Bearish Momentum Abates

AUD/USD extends the rebound from earlier this week as the bearish momentum abates, with recent price action raising the risk for a large recovery in the exchange rate.

Elliott Wave Analysis Sees Bullish EURUSD Patterns Emerging

EUR/USD has reached our initial target identified in September as the corrective pattern appears to be finished.


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USD Price Action Setups as the Dollar Dithers Near Resistance

Q4 has opened with a bang, and it looks like we're winding up for an interesting end to a 2018 that's been filled with a plethora of themes and scenarios.

Brent Crude May Not Stop at $90 As IEA Warns of ’Risky Situation’

Brent crude oil price has spiked, but that doesn’t mean traders are taking profit. Despite trading at the highest level since 2014, Iran uncertainty and other supply shifts could keep this bull roaring.

Gold: Weekly Net-Short Positions Fall 29% Sparking a Bearish Bias

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.

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...