Monday, 5 November 2018

Oil Prices Risk Larger Rebound as RSI Recovers from Oversold Territory

Crude oil price may stage a larger rebound over the days ahead as the Relative Strength Index (RSI) appears to be bouncing back from oversold territory.


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UK Week Ahead: Brexit, US Mid-Terms and UK Q3 GDP | Webinar

UK asset markets open the week on a positive note as Brexit sentiment, and the chances of a deal, improve. As always with these talks, confirmation is required before making a trading decision.


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CoT Update for EUR/USD, AUD/USD, Gold Price & More

Last week, large speculators did a little shuffling; EUR, AUD, and gold positioning hanging around extremes.


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Sterling (GBP) Rattled By Weak PMIs, Brexit Confusion

GBP slips lower after UK Services PMI hits a seven-month low in October, while Brexit news continues to confuse over Irish border situation.


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EUR/USD Weekly Technical Outlook: Euro in Conflict as New Week Arrives

Last week, the Euro bounced off big support but is already in a battle with resistance and negative trend conditions.


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GBPUSD Technical Outlook: Mildly Supportive Charts

GBPUSD turned three cents higher at the back end of the week and is now looking for support if it is to make a move back to multi-month highs above 1.3320.


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Yen May Rise as Markets Turn Defensive Before US Midterm Elections

The perennially anti-risk Japanese Yen may rise as financial markets turn defensive ahead of the upcoming US midterm elections.


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Sunday, 4 November 2018

Asian Stocks Wilt Across Board, US Midterms, Central Banks Eyed

Asia Pacific equity markets got the week off to a lackluster trading start which is perhaps not surprising given the large number of risk events coming up


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Hawkish Fed After US Midterms a Risk for PHP, IDR, MYR and SGD

Ebbing US China trade war fears led stocks up as US Dollar fell, benefiting ASEAN currencies. Fed is on course to raise rates after US midterms, placing PHP, IDR, MYR and SGD at risk.


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Yuan, Aussie Dollar Suffer as Chinese October PMI Underwhelms

The offshore Chinese Yuan weakened against the US Dollar after the release of disappointing October PMI services and composite figures, possibly showing the impact of trade wars.


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Crude Oil Price Drop May Stall Before US Midterm Elections

Crude oil prices may stall after hitting a seven-month low as all eyes turn to the outcome of US midterm elections. The drop is likely to resume thereafter.


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Fed Rate Hike Bets, US China Trade Deal Doubts May Sink AUD/USD

Market mood deteriorated as near decade high US wage growth and US China trade deal skepticism sent S&P 500 lower. Asia Pacific stocks may tumble next, boosting Yen, hurting AUD/USD.


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Weekly Fundamental Forecast: Global Markets Focus on Trade Wars Headlines, US Elections and Rate Decisions

While equities and other risk assets attempted to stabilize from October’s speculative tumble, the FX world experienced a jolt of volatility this past week. With systemic themes like risks trends and trade wars already agitated, anticipation for the US mid-term elections and a run of rate decisions will keep traders tuned in and anxious.


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Weekly Technical Forecast: Are Reversals for Equities and the Dollar-based Majors the Start of Lasting Trends?

The US equities lead a host of risk assets to a strong rebound this past week – posting the strongest charge since the US election. Meanwhile, the Dollar’s attempt at a breakout faltered and bulls were temporarily jolted out of their slow but productive advance. Are these temporary corrections in prevailing trends or a signal for larger turns with productive trends ahead?


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S&P 500 Looks to Midterms and Trade Wars, DAX and FTSE Elsewhere

As a volatile October falls to history, November brings with it an opportunity for equity markets to regain their footing but achieving stability may prove easier said than done.


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Gold Weekly Technical Outlook:Breakout Potential at Major Resistance

Gold snapped a four-week winning streak as price holds below critical resistance. Here are the targets & invalidation levels that matter on the XAU/USD weekly chart.


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Euro Forecast: Quiet Calendar Means its Italy or Bust in Week Ahead

The quiet economic calendar – there are no ‘high’ rated German or Eurozone data releases – means that the only potential catalyst in the days ahead is progress around Italy’s budget.


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Saturday, 3 November 2018

Japanese Yen Weekly Technical Forecast: Reversas Break Bull Trend

A sharp rebound in higher yielding currencies and risk-correlated assets came at the Yen’s expense this week, clouding the technical outlook in the process.


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Gold Forecast: Mid-Term Election May Provide Catalyst for Topside Breakout

Gold set for another volatile week as markets focus on Mid-Term election outcome, while recent gains in the Yuan keep prices at elevated levels.


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US Dollar Likely to Rise as the Midterm Elections Outcome Emerges

Midterm elections are set to overshadow a monetary policy announcement form the Federal Reserve. Their outcome seems likely to be supportive for the US Dollar.


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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...