Friday, 2 November 2018

Technical Forecast for Dow, S&P 500, FTSE 100, DAX and Nikkei

Global equity markets put in some recovery this week. But the Friday pullback showed that markets aren't yet out of the woods, and a big week of drivers will keep equity markets on the move.


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S&P 500 and DJIA Look to Test Key Trendline, Mid-Term Election May be Catalyst

Investors will be placing a keen eye on the Mid-Term elections which could see a jump in volatility for equity markets


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Australian Dollar Shows Some Rare Resilience, May Hold Up

There are still few fundamental reasons to like the Australian Dollar more than its US cousin. However the market is now very short and may decide the Aussie has suffered plenty


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Foundations of Technical Analysis: Trading Psychology

Overcoming psychological pitfalls and staying focused on price- a review of our technical approach and examples that illustrate our trading methodology in practice.


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NZD/USD Rate Rebound Vulnerable to Dovish RBNZ, Hawkish Fed

Recent price action in NZD/USD raises the risk for a larger correction as the exchange rate breaks out and initiates a fresh series of higher highs & lows.


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US Midterm Elections Outlook: Financial Markets Await Gridlock

The most likely outcome for the US midterms is a divided Congress, which means fiscal policy gridlock is coming back to Washington, D.C.


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USD Rises on Strong NFP Report, Wages Grow at Fastest Pace Since 2009

Overall strong NFP report brings life into the US Dollar, however, eyes are now firmly fixed on the US Mid-Term elections.


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US Dollar Prices Bounce from Confluent Support as NFP Beats

The US Dollar is bouncing from a confluent area of support following this morning's release of October NFP numbers. Can Dollar bulls hold the line through mid-terms and next week's FOMC?


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US Jobs Report to Dictate USD Price Action Going into Mid-Term Elections

The US dollar uptrend remains in place despite recent falls and a robust US average wage figure release today could re-invigorate the greenback as we head into next week’s US mid-term elections.


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Upbeat U.S. Non-Farm Payrolls (NFP) Report to Curb EUR/USD Rebound

The U.S. Non-Farm Payrolls (NFP) report may curb the recent rebound in EUR/USD as employment is projected to increase 193K in October.


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Charts for Next week – EUR/USD, AUD/USD, EUR/NZD, Gold Price & More

The swift Dollar reversal yesterday has momentum in favor of currencies for now, but not without their obstacles; gold from support right back to resistance, tough spot.


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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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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...