Dow and Risk Trends Deflate as Brexit and Italy Override Netflix Earnings

Global investors were given a few opportunities to leverage their defacto bullish bias of previous months recently. However, Netflix earnings and fading Fed rate forecasts have found little traction while Brexit and Italy are global concerns.


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Italy Budget Woes Strike Euro Prices Again, Yen May Resume Gains

Italy budget woes struck again, weakening the Euro and bolstering the US Dollar. Meanwhile, China’s GDP may slow which threatens the Australian Dollar as the Japanese Yen gains.


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AUD/USD Recovery Vulnerable to Fresh Series of Lower Highs & Lows

The advance from the 2018-low (0.7041) may continue to unravel as AUD/USD initiates a fresh series of lower highs & lows.


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Crude Oil Weekly Technical Outlook- WTI Testing Critical Price Support

A reversal off multi-year highs has taken crude prices back into key uptrend support. It’s make-or-break here. These are the levels that matter on the WTI weekly chart.


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US Dollar Price Action Setups as Risk Aversion Takes Another Swing

Risk aversion showed up again this morning as US stocks traded below short-term support. This comes along with a rather pronounced move of US Dollar strength.


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Shift in USD/JPY Sentiment Persists Even as Rebound Stalls

USD/JPY fails to extend the series of higher highs & lows from earlier this week, with the weakness accompanied by an ongoing shift in retail sentiment.


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Gold Price Outlook: XAU/USD Breakout to Intensify as Volatility Surges

Gold is up nearly 4% off the October low after breaking above yearly slope resistance. These are the targets & invalidation levels that matter for XAU/USD from here.


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S&P 500: Retail Traders Increase Weekly Short Positions Over 20%

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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EUR/USD, GBP/USD Trade Lower After Underwhelming Brexit Progress

The EU-Summit produced some progress, but contested areas still remain as EU and UK officials seem to have drawn their battle lines.


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Bitcoin Traders Continue to Conflict With Each Other

The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.


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Gold: Sentiment Foreshadows A Reversal higher

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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USD/JPY: Weekly Long Positions Soar 59% Prompting 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 USDJPY-bearish contrarian trading bias.


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EUR/USD: Weekly Long Positions Climb 10%

The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


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Becoming a Better Trader – Fixing Mistakes, Working on Weaknesses

In this session, we discussed how to go about identifying your short-comings as a trader and then fixing them one at a time.


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GBPCHF Price Breaks Below Trendline Support, May Fall Further

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AUD Outperforms, WTI Back in Contango, CNY Slides - US Market Open

The Australian Dollar is outperforming in the G10 space this morning. This is largely on the back of the jobs report overnight in which the unemployment rate dropped to the lowest level since 2012.


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EUR/USD Drops to 1.1500, GBP/USD to 1.3100 as Stocks Consolidate

Equities are showing signs of consolidation as the Tuesday bounce held through yesterday's price action, but currencies are starting to put in some moves as USD strength remains prominent.


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USD/ZAR Chart Painting an Increasingly Bearish Picture

USD/ZAR is testing support at the moment, but a breakdown will have a topping pattern likely exerting further downside pressure.


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FTSE 100 vs FTSE 250: Brexit Outcome to Determine FTSE Outperformer

UK PM May is looking to reach a withdrawal agreement with the EU in order to avoid the UK from crashing out. The outcome of Brexit is likely to impact on the overall performance on the FTSE 100 relative to the FTSE 250.


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Gold Price: Struggling Against Strengthening US Dollar Headwind

The short-term gold rally has faltered this week as US dollar bulls take control of financial markets once again. Important support levels near and are under pressure.


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