Friday, 2 November 2018

Crude Oil Analysis: Oil Waivers Raises Risk of Key Support Break

WTI and Brent crude futures continued to trend lower following reports that the US has agreed to let several countries keep purchasing Iranian oil.


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EURUSD Price Analysis: Upside Limited as NFPs Loom

The recent EURUSD rally off 1.1300 looks likely to stall shortly as traders prep themselves for the monthly US labor report.


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AUD/USD Technical Analysis: 10-Month Trend Resistance Broken

The Australian Dollar is aiming above the 0.73 figure against its US counterpart after soaring above ten-month bearish trend resistance.


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FTSE Technical Outlook – Watch Resistance Ahead on Further Strength

The FTSE held the March lows and is bouncing along nicely but keep an eye on resistance levels in the days ahead as the trend remains generally negative.


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US Dollar May Rebound as Jobs Data Boosts Fed Rate Hike Prospects

The US Dollar may rebound after yesterday’s bloodletting as October’s labor-market statistics bolster Fed interest rate hike speculation.


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Thursday, 1 November 2018

Gold Prices May Turn Lower as US Dollar Rebounds on Jobs Data

Gold prices may turn lower anew after yesterday’s spirited recovery as upbeat labor-market data stokes Fed rate hike bets and boosts the US Dollar.


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Asian Stocks Rise As Trade Hopes Endure, US Payrolls Up Next

There was plenty of green on Asian screens as the week bowed out with trade hopes leading to a broad revival of risk appetite. Key US labor data were in focus


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RBNZ May Sink NZD Prices as 2018 US Midterms Offer it Uncertainty

The New Zealand Dollar may be at risk if the RBNZ leaves the door open to rate cuts again while the 2018 US midterms carry levels of uncertainty for stocks, sentiment and NZD prices.


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Dollar Suffers a Move Earned Through Counterparts

The Dollar took a nasty spill this past session, posting a key technical reversal with EURUSD and an intense one on a broad basis. What was the motivation for this move and can it continue?


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EUR/GBP Technical Analysis: Overshadowed by Rare Bearish Pattern

As anticipated, EUR/GBP’s upside progress proved to be a false breakout and now numerous warning signs hint that the dominant downtrend could resume, eyeing 0.87237 – 0.87182 next.


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EURUSD Bounces at 1.1300 but Sterling and Aussie Dollar Rallies More Potent

The Dollar took a nasty dive that held the 1.1300 swing low in EURUSD and was the worst hit for the currency on an equally-weighted basis since March 2017. Will the NFPs and trade balance change its fortunes?


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Can Apple Earnings Suppress Asia Stocks? AUD/USD Downtrend Intact

A disappointing Apple earnings report may limit the scope for Asia stocks to echo Wall Street gains. While AUD/USD had its best day since 2017, the dominant downtrend is still intact.


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S&P 500 Rebound may Stall on Weaker than Expected Apple Outlook

The three day rebound for equity markets may encounter a speedbump following a disappointing revenue forecast from Apple.


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Pre-NFP Price Action Setups Across the US Dollar

Only one day into November and the US Dollar has already started an aggressive reversal of last month's breakout. NFP is tomorrow and mid-terms are next week, so buckle up.


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Pre-NFP Price Action Setups Across the US Dollar

Only one day into November and the US Dollar has already started an aggressive reversal of last month's breakout. NFP is tomorrow and mid-terms are next week, so buckle up.


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EUR/USD Weekly Technical Perspective– Euro Defends 2018 Lows

Euro is on pace to post the largest single-day rally in more than five-week. Here are the levels that matter on the EUR/USD weekly chart heading into November trade.


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Preview for October US NFP, US Dollar Price Action Outlook

US Dollar weakness on Thursday is likely driven by early-month portfolio rebalancing rather than positioning ahead of the October US jobs report.


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Gold Prices Risk Larger Advance as Bearish Sequence Snaps

The pullback from the October-high unravels, with gold prices at risk for a larger advance as bullion snaps the series of lower highs & lows carried over from last week.


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Bitcoin Maintains Mixed Bias Hanging Above 6000

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


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Gold: Weekly Short Positions Grow 13.5%

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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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...