Monday, 29 October 2018

Risk Aversion is the First Step, Trouble in Positioning is the Next

With US equities converging on a broader “de-risking”, positioning considerations may determine our environment next.


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Another Attempt to Steady Dow and S&P 500 Collapses with Fresh Trade War

Despite a bullish gap, renewed trade war tensions between China and the United States led to equities suffering losses.


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ASX 200 Technical Analysis: Can Support Hold Into Month End?

ASX 200 bulls have had a shocking month, but they have at least managed to stage a defense of key lows


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Japanese Yen Still Mired Against US Dollar On Daily Chart

The Japanese Yen has risen away from its 2018 lows against the Dollar but it has made little progress beyond that. It does not seem very likely to as the year fades out.


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EURUSD Elliott Wave Forecast Points Towards Temporary Correction

The Elliott wave forecast for EURUSD suggests that the current bear trend from September is temporary and a bullish wave may begin soon.


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NZD/USD Technical Analysis: NZ Dollar Trying to Resume Down Trend

The New Zealand Dollar is attempting to resume the downward trend against its US counterpart after being rejected at six-month chart resistance.


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Dow Jones Chart Hints Reversal as Trade War Fears Amplify Selloff

US stocks followed Europe higher until the revival of US China trade war fears hurt Dow Jones prices, but the chart warns of a reversal. The ASX 200, Nikkei 225 may follow Wall Street lower.


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Technical Forecast for Hang Seng Index, Taiwan Index

Hang Seng Index may find some support while Taiwan Index could head lower. Here are the levels to watch:


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USD/MXN Climbs After Airport Project for Mexico City is Scrapped

One of the year’s best performing currencies took a substantial hit Monday after Mexican President-elect Lopez Obrador cancelled plans to build an airport that was already under construction.


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Friday’s Low in SP 500, Dow, and NASDAQ Important to Trend

SP 500, Dow, NASDAQ still have bullish options, but those Elliott Wave patterns are running out of space to operate in.


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NZD/USD Price Outlook: Kiwi Carries Breakout Potential

The October range remains intact ahead of the close with the broader short-bias at risk. Here are the targets & invalidation levels that matter on the NZD/USD charts.


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Bearish EUR/USD Sequence Unravels Ahead of 2018-Low

EUR/USD appears to have marked a failed run at the 2018-low as the exchange rate struggles to retain the series of lower highs & lows from the previous week.


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GBP/USD: Cable Hangs at September Support; Can it Hold the Lows?

The British Pound remains mired in a sell-off against the US Dollar, finding a bit of support at the September swing-lows. Can this hold the declines, or are we one headline away from fresh lows?


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S&P 500: Weekly Long Positions Climb 24% to Multi-Month High

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


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Dovish Bank of Japan (BoJ) Forward-Guidance to Keep USD/JPY Bid

USD/JPY may stage a larger advance going into the Bank of Japan (BoJ) interest rate decision as it snaps the recent series of lower highs from the previous week.


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FX Week Ahead: Australian & Eurozone CPI, BOE Rate Decision, US & Canadian Jobs

The end of October and beginning of November will usher in a busy economic calendar over the course of the week.


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Weekly Trade Levels for EUR/USD, USD/CAD, Gold, Crude Prices & More

Webinar highlighting setups we’re tracking into the close of the month with major event risk on tap. Here are the updated targets & invalidation levels that matter.


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New Cryptocurrencies to Watch in 2019: NEO, EOS & Stellar

As the cryptocurrency market grows and matures, new entrants should be closely watched and analyzed for potential opportunities.


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US Dollar Breakout Holds Higher-Low Support Ahead of Busy Calendar

The US Dollar is continuing to find support after last week's bullish breakout. A big week of drivers is ahead, as a loaded economic calendar is coupled with earnings from US corporates.


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EUR Choppy as Merkel Begins Exit, Short Term Drivers Support USD - US Market Open

A choppy session thus far for the Euro amid the latest newsflow surrounding German politics. Short term drivers in focus for the greenback with month-end rebalancing models suggesting strong buy signals.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...