The contentious Italian budget is expected to be back in the headlines today when the EU Commission pass their verdict. And it is not likely to be good news for Italy, or the euro.
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Tuesday, 23 October 2018
DAX 30 and CAC Charts – Macro-techs Continue to Worsen
The DAX is breaking the big-picture H&S neckline, CAC gapped to its worst levels since August of last year; things are turning macro for major Euro-zone indices.
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Monday, 22 October 2018
Yen Aims to Extend Gains as Market-Wide Selloff Continues
The Japanese Yen is poised to continue higher as risk appetite withers across financial markets. The Australian and New Zealand Dollars may suffer the lion’s share of losses.
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Nikkei 225 Fall May Precede Wall Street Selloff. AUD, NZD at Risk
The Nikkei 225, ASX 200 and other APAC equities traded lower as markets focused on bigger geopolitical and economic themes. Wall Street may echo weakness, sending AUD and NZD lower.
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Crude Oil Prices Pressure Key Support, API Inventory Data Due
Crude oil prices are pressuring support guiding the rising trend since February as API inventory flow data enters the spotlight. Another build in stockpiles is expected.
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NZD/USD Could Slip Well Under This Year’s Lows
The New Zealand Dollar has broken below its most recent dominant uptrend and now looks set to retry 2018’s lows once again. They may not hold
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Australian Dollar, ASX 200 Add Politics to Their Long Problem List
The Australian Dollar and the ASX 200 stock index have been hit by a local election result which has cost yet another Aussie government its parliamentary majority.
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AUD/USD Technical Analysis: October Swing Bottom Under Fire
The Australian Dollar looks to be resuming the downtrend against its US namesake, with sellers taking aim at October’s swing bottom once again.
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Can US Dollar Price Gains Last as S&P 500 Index Fell? JPY May Rise
Weakness in European and US stocks lifted the US Dollar, but technical analysis warns its next move could be lower. Asia Pacific equities may echo S&P 500 index declines, boosting JPY.
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Bearish AUD/USD Sequence Raises Risk for Fresh 2018 Lows
AUD/USD continues to pare the rebound from earlier this month, with the exchange rate at risk for fresh 2018 lows as it extends the bearish sequence from the previous week.
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DXY Index Tests 96.00 After US Treasury Bill Auction
The US Treasury offered another $84 billion in bills Monday, with the Dollar basket testing 96.00 ahead of the much anticipated Q3’18 US GDP figures Friday.
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SP 500, NASDAQ, and EURUSD Vulnerable to More Losses
SP 500, NASDAQ and EURUSD appear vulnerable to additional losses over the medium term.
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US Dollar Technical Analysis: Breakout Looms As DXY Has Bullish Momentum
Technical traders favor the adage that momentum leads price. If that’s the case, traders may soon see the US Dollar Index test the August high of 96.98.
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GBP/USD Drops Through 1.3000 to Find Support at 88.6% October Fib
Sellers have come back in the British Pound, and GBP/USD is trading below a big level after prices dropped below 1.3000.
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USD/CAD Weekly Technical Outlook: Price at Key Resistance, BoC on Tap
US Dollar is up more than 2% month-to-date with price testing key resistance ahead of the Bank of Canada. These are the levels that matter on the USD/CAD weekly chart.
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GBP/USD Forecast: Post-EU Summit Weakness to Persist as Bull Trend Snaps
Recent price action in GBP/USD raises the risk for a further decline in the exchange rate as it carves a series of lower highs following the EU Summit.
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Weekly Trade Levels for US Dollar Majors, Gold, Crude Prices & More
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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FX Setups for the Week of October 22, 2018
Risk aversion themes continue to carry some pull across near term price action, and for this week the Yen appears to be of interest for either risk on or risk off backdrops.
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GBP Plummets on No Confidence Vote Risk, AUD Slips as Hung Parliament Looms - US Market Open
The Pound is the worst performing G10 currency with losses of 0.9% as Brexit concerns continues to plague the Pound.
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US Dollar Strength Persists as Euro, Sterling Beset by Headline Risk
Dollar strength has come roaring back on the open of a fresh week, and prices look poised for a re-test of the 96.04 level on DXY, which has already produced three Q4 resistance inflections.
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