The DAX is trading around important pattern support and above long-term trend-line, while the CAC is bouncing from 14-month levels.
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Tuesday, 16 October 2018
Pound Awaits Brexit Deal News, Euro Eyes Italian PM Conte Speech
The British Pound is hoping for signs of a Brexit breakthrough while the Euro eyes comments from Italian premier Conte amid worries of a looming clash with the EU.
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Monday, 15 October 2018
NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed
The New Zealand Dollar’s near-term uptrend against its US counterpart, bolstered by local headline inflation data, could pick up pace should the RBNZ’s core measure of prices follow suit.
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ASX 200 Price Gain May Reverse as Asia Stocks Rise, JPY & CHF Down
The ASX 200 may reverse some of its gains if Chinese GDP slows later this week. Most Asia Pacific stocks trimmed gains as the anti-risk Japanese Yen and Swiss Franc declined.
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Gold Prices May Struggle to Extend Gains Before FOMC Minutes
Gold prices rose as Fed rate hike bets softened amid risk aversion but follow-through may prove lacking as traders look ahead to minutes from September’s FOMC meeting.
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The Best and Worst Currencies to Trade This Week
According to complexity themes, a lack of clarity for the Dollar and unclear timing for Euro and Pound make for difficult trades.
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AUD Gains on Chinese CPI But Upside Follow-Through is Suspect
The Australian Dollar strengthened against the greenback after September’s Chinese CPI. However, risk-off sentiment may extend bearish momentum.
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Dollar, Euro and Pound Trading Over the Coming Days is Going to Be Fraught
DXY offers little clarity on direction, while Euro and Pound see the quiet before their respective Italian and Brexit storms.
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NZD/USD Technical Analysis: Six-Month Trend Resistance Under Fire
New Zealand Dollar rebounded against its US counterpart as expected, triggering a test of trend resistance guiding the currency lower since mid-April.
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Nikkei 225 May Extend Losses Amid Global Stock Sell-Off
The Nikkei 225 recently came off fresh 27-year highs to plummet back to September 2018 levels during market-wide risk aversion. Negative RSI divergence may point to a larger reversal.
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NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed
The New Zealand Dollar’s near-term uptrend against its US counterpart, bolstered by local headline inflation data, could pick up pace should the RBNZ’s core measure of prices follow suit.
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NZD/USD Soars on CPI Beat, RBNZ Rate Hike Expectations
The New Zealand Dollar traded higher versus the Greenback following positive CPI data which could prompt the RBNZ to lift the official cash rate off its record low.
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Oil Price Forecast: Higher Highs & Lows Spur Shift in Retail Interest
The recent rebound in oil spurs a shift in retail interest, but the broader outlook no longer remains constructive as the bullish trend from August unravels.
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GBP/USD: Weekly Short Positions Increase 14% Sparking Bullish Bias
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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Uptick in New Zealand Consumer Price Index (CPI) to Fuel NZD/USD Rebound
Updates to New Zealand’s Consumer Price Index (CPI) may fuel the rebound in NZD/USD as the headline reading for inflation is expected to uptick in the third-quarter of 2018.
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Elliott Wave Patterns Suggest Continued Weakness in Stocks & DXY
SP 500, Dax 30, and NASDAQ appear vulnerable to additional losses. US Dollar Index has reversed towards weakness as expected and the current wave of appears incomplete.
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Bullish USD/CHF on Risk Resumption or ’The World is Not Ending’ Trade
Sharp moves lower in global indices have caused a keen focus on haven currencies, CHF & JPY. However, technical patterns in indices and USDCHF may show opportunity remains toward the upside.
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EUR/USD Price Outlook: Euro Reversal Eyes Initial Resistance Hurdle
Last week’s Euro price reversal is now targeting the first major test of resistance. Here are the targets & invalidation levels that matter for EUR/USD charts.
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Trade Levels for USD Majors, Gold and More amid the Recent Stock Drop
Strategy Webinar highlighting featured setups we’re tracking this week. Here are the updated targets & invalidation levels that matter on the technical charts.
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USD/JPY Bull Trend Snaps Even as BoJ Sticks to Dovish Forward-Guidance
Recent price action in USD/JPY raises the risk for a further decline as the dollar-yen exchange rate finally snaps the upward trend from earlier this year.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...