Global equities put in a bounce from a key area of support today. But now the big quesiton is whether that can hold or whether another wave of selling is around the corner?
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Tuesday, 16 October 2018
USD/JPY Technical Outlook: Price Testing Yearly Up-Trend Support
Price has carved out a clear weekly-opening range just above yearly slope support. Here are the targets & invalidation levels that matter on the USD/JPY charts this week.
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GBP/USD Rebound Vulnerable to Slowing U.K. Consumer Price Index (CPI)
GBP/USD remains bid ahead of the fresh updates to the U.K.CPI, but failure to test the September-high (1.3299) may undermine the recent rebound in the exchange rate.
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GBP/USD Rebound Vulnerable to Slowing U.K. Consumer Price Index (CPI)
GBP/USD remains bid ahead of the fresh updates to the U.K.CPI, but failure to test the September-high (1.3299) may undermine the recent rebound in the exchange rate.
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EUR/JPY, GBP/JPY Primed as Risk Aversion Themes Yet to Abate
While risk aversion appears to be on hold, bulls have yet to make a convincing push off of the lows, and this could continue to carry impact in Yen-pairs.
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NZD Firms on Inflation Jump, Strong Wages Buoy GBP - US Market Open
Sterling rose to session highs after the latest employment report with UK wages beginning to show some signs of life. The Kiwi is flying high this morning after NZ inflation figures rose above analyst estimates
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US Dollar Dips Below 95.00; Dow, S&P Attempt to Recover From Support
US stocks have dug-into support and futures are showing a bounce ahead of the US open. Will bulls be able to push higher to erase last week's declines?
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US Dollar Erases Gains as Italy Secures Budget Deal, Brexit News Looms
US Dollar bounces in recent days have been shallow, a sign that traders are becoming more eager to sell.
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Risk Aversion Still Dominating Markets | Webinar
Trading sentiment remains poor in the financial markets after the recent drop in stock prices, with safe havens benefiting.
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Bitcoin (BTC) Price: Driven by Fidelity and Tether (USDT)
A sharp snap rally on Monday was soon sold off after fears that stable coin Tether (USDT) was causing problems on a major exchange. Later in the session, news broke that investment giant Fidelity is launching an institutional cryptocurrency trading platform.
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Trading Outlook for EUR/USD, EUR/AUD, EUR/JPY, Gold Price & More
The euro has a tentatively bullish outlook within the multi-month chop, EUR/AUD is generally constructive, while gold looks to trade towards first area of targeted resistance.
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US Crude Oil Price Dips as US-Saudi Tensions over Khashoggi Ease
Signs of an easing in tensions between the US and Saudi Arabia over the death of Saudi journalist Jamal Khashoggi have helped weaken crude oil prices.
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GBPUSD Boosted on Highest Wage Growth Since 2009
GBPUSD rose to session highs after strong wage figures with the ex-bonus reading hitting the highest level since January 2009.
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Brexit Latest: PM May Needs Support From a Fractured Cabinet
Sterling has edged higher after soothing words from EU leaders who still believe that a Brexit agreement can be struck if flexibility is shown. But closer to home, PM May must quell a growing Cabinet rebellion.
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DAX 30 and CAC Technical Outlook: Long-term Support in Play
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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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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