Dollar Advancing to 16-Month Highs Depends on Its Preferred Correlation

The DXY Dollar Index has distorted the path of a bearish reversal pattern. However, decision between a continued climb to 16-month highs or retreat to range depends on whether it takes cues from VIX or Fed Funds futures.


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USD/CAD Rate Threatens Bearish Trend Ahead of U.S. NFP Report

USD/CAD rallies to fresh monthly highs even as the Bank of Canada (BoC) delivers a hawkish rate-hike, and topside targets remain on the radar as it threatens the bearish trend from June.


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Crude Oil Set For Third Weekly Decline Chasing Stock Markets Lower

Crude oil is working on its worst month since 2016 as risk sentiment soured significantly as October comes to a close and a mixed signal is coming from OPEC on potential production.


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The Signs of A Looming Bear Market are Stacking Up - Quick Take Video

The S&P 500 led US equity indices to a dramatic tumble this past week that broke records for an overnight gap lower and put the benchmark into corrective territory. What signals should we look for to indicate a drop in risk is turning into a bear trend?


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US Q3 GDP Preview - Unlikely to Change the Fed’s Hiking Intentions

The US dollar continues to push higher, aided by a ‘safety-bid’ during this week’s market turmoil. A strong GDP reading will only add to the greenback’s attraction.


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JPY Bulls Dominate vs EUR, GBP and AUD as Safe Haven Flows Pour in

Amid the market turmoil in equity markets there has been one major beneficiary, and that is the Japanese Yen. Risk off sentiment has continued to spur safe haven flow in the Yen.


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GBPUSD Analysis: Eyeing a Fresh 16-Month Low

Sterling remains under heavy selling pressure and a break below the September 5 low could see the pair tumble to, and below, the recent 16-month low at 1.26620.


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S&P 500 and Nasdaq 100 Charts – Amazon, Google Earnings Weigh Today

This week both the SPX and NDX broke key trend support, then tested yesterday; but today stocks will start on their heels again on afterhours sell-offs in Amazon and Google.


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Reducing Risk May Be New Default Setting for Financial Markets

Reducing exposure to risky assets like stocks and growth-geared currencies is beginning to look like the new default setting for global financial markets.


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Asian Stocks Wilt As Wall St Futures Slip, US GDP In Sights

Regional markets were hammered again as signs suggested that US equity’s fightback would be temporary. Risk aversion hit the Australian and New Zealand Dollars.


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Yen Price May Rise, Look Past BoJ, Eye Vulnerable Stock Markets

A lull in key event risk exposed stocks to bigger adverse fundamental themes as the Japanese Yen rose. It may keep going, looking past the BoJ as the S&P 500 still remains vulnerable.


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Gold Prices Struggle to Capitalize on Market Meltdown

Gold prices are struggling to capitalize on a sweeping selloff across financial markets as haven demand buoys the US Dollar instead.


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An Underappreciated Technical and Fundamental Appeal of EURAUD

Alone, the technical picture of EURAUD is not particularly convincing. However, when we break down the individual technical and fundamental pictures for the Euro and Aussie Dollar, something more interesting comes to light.


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Dow and US Equities Bait Dip Buyers and Recovery Skeptics Alike, Will GDP Factor?

The dive from US equity indices on Wednesday still marks the charts like a nasty scar. But there was a tentative sense of healing from these battered pace-setters following a substantial rebound this past session.


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EUR/GBP Technical Analysis: Slope Resistance Holds, Ascent at Risk

The dominant downtrend in EUR/GBP prices still holds and the near-term uptrend is at risk to fading upside momentum after August slope resistance kept prices at bay.


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Will Asia Follow S&P 500 Higher? Draghi Sinks EUR/USD to Support

European and US equities recovered, though S&P 500 futures are pointing lower. Can the Nikkei 225 follow Wall Street higher? Meanwhile ECB’s Mario Draghi sunk EUR/USD towards support.


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S&P 500 to Look Elsewhere for Support After Disappointing Earnings

Alphabet, Amazon, and Intel reported earnings after the close but a basket of mixed results will likely prove troublesome for tomorrow's equity session.


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AUD/USD Rate Holds Narrow Range Ahead of U.S. GDP, Australia CPI

AUD/USD clings to the monthly range, but the broader outlook remains mired by the exchange rate continues to track the bearish trend from earlier this year.


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USD Price Action Setups as Dollar Bulls Stampede Through Resistance

Dollar bulls have put in a very strong two-week stretch, and prices are fast-nearing the 2018 high around the 97.00 handle. This sets up a backdrop of interesting possibilities across the majors.


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EUR/USD: Weekly Short Positions Drop 13%

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


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