US Dollar Softens From Fibonacci Resistance as EUR/USD Holds the Lows

This morning's ECB rate decision brought little by way of new information, but the Fibonacci resistance in the US Dollar continues to hold, helping EUR/USD catch a bounce.


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Euro Treads Water as ECB Makes No Changes to Policy

As was widely anticipated, the ECB’s Governing Council kept its main rates on hold and signaled its continued intention to end its QE program in December 2018.


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EUR Direction Dependent on ECB’s Guidance on Growth Outlook

The ECB will take centre stage today which is expected to keep all rates unchanged with particular focus placed on President Draghi’s press conference.


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Crude Oil Price Finds Support But Market Fears Remain

Crude oil has bounced off a strong technical support level despite increased fears of a global slowdown. Further re-tests may see support break.


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FTSE Technical Analysis – March Lows Come Under Assault

The last bounce didn't last as anticipated and now the FTSE is at a big test with global markets on their heels.


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Global Market Sell-Off Continues, S&P 500 and DJIA Erase YTD Gains

Risk off sentiment looks to persist as defensive stocks outperform cyclical stocks. Nasdaq enters correction territory.


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GBPUSD Heading Lower, Ignores PM May’s Reprieve

Sterling continues to test the downside and is set to head even lower as Brexit fears continue to dominate market thinking.


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EUR/GBP Working on Bearish Price Sequence, Update on USD/ZAR Set-up

Today, I looked at a fresh set-up while revisiting one looked at last week which has yet to trigger and may have an alternate route depending on further price action.


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Euro May Fall Further on Dovish Shift in ECB Rhetoric

The Euro may fall further as slowing growth and political turmoil in Italy inspire a dovish pivot in European Central Bank forward guidance.


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Crude Oil Prices May Bounce But Gains Unlikely to Prove Lasting

Crude oil prices may rebound against the backdrop of improving market-wide sentiment but any respite from the developing down trend is unlikely to prove lasting.


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ASX 200 Dives Through Support, Following S&P 500. Euro Eyes ECB

Asia Pacific benchmark stock indexes echoed Wall Street lower as the ASX 200 blew through support, exposing 2017 lows. Euro eyes the ECB but risk trends may dominate trading dynamics.


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Australian, New Zealand Dollars Menaced by Resource Nationalism

The Australian and New Zealand Dollars are vulnerable as the rise of resource nationalism threatens to compound pressure on already battered market sentiment.


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Revisiting What Qualifies a True Reversal After the US Equity Rout

Volatility should not be miscontrued as conviction. However, sharp moves and technically prominent price developments can lower traders' rigorous criteria as the opportunity of systemic moves seems to grow.


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Nikkei 225 Technical Analysis: Oct Falls Threaten 2-Yr Uptrend

In common with many other developed market indexes the Nikkei 225 has endured a miserable October. Where it ends the month could be most interesting.


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Pending Short AUD/USD. Prices at Risk to Stocks, Higher BoC Rate

Global stock markets continue to wobble as Wall Street was aggressively hit. Prospects of more weakness in stocks and a diminishing yield advantage argues in favor of shorting AUD/USD.


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Nasdaq Leads US Markets with Worst Drop in 7 Years, Will ECB Surprise More than BoC?

The US indices suffered significant losses this past session to break broad trendline support. What is motivating this possible shift in course? We discuss that in today’s Trading Video.


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US Dollar on Pace to Set New 2018 High as Stocks Echo 2008 Plunge

US Dollar prices cleared resistance, opening the door to eye new 2018 highs as the Wall Street selloff rate echoed the 2008 Financial Crisis plunge. Nikkei 225 and ASX 200 are at risk next.


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Oil Price Outlook Mired by Bearish RSI Formation, Shift in Sentiment

Oil prices may continue to pare the advance from earlier this year as the bearish momentum spurs a material shift in retail sentiment.


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GBP/JPY Price Outlook: Bears Pound Support to Fresh Lows

A break below a multi-month range has awoken the bears with prices at risk for further losses. Here are the targets & invalidation levels that matter on the GBP/JPY charts.


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EUR/USD Snaps Monthly Opening Range Ahead of ECB Meeting

EUR/USD facing a growing risk of giving back the rebound from the 2018-low as the exchange rate snaps the opening range for October.


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