Wednesday, 7 November 2018

US Dollar in Holding Pattern After Midterms, Ahead of FOMC Tomorrow

The DXY Index is working on a doji candle as attention shifts away from US midterm elections to the November FOMC meeting.


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NZDUSD Outlook: RBNZ May Spark Larger Short Squeeze

The RBNZ will publish its final monetary policy statement of the year at 2000GMT where the RBNZ is expected to maintain the OCR rate at 1.75%. Recent encouraging data may lead to a less dovish RBNZ


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Sentiment Data Point to Higher EURUSD, GBPUSD After US Elections

Retail trader sentiment data suggest gains for both the Euro and the British Pound against the US Dollar after the US mid-term elections.


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US Dollar Tests Trend-Line Support After Mid-Terms; FOMC Ahead

One major risk event is now in the rearview with yesterday's mid-term elections, and another is on the horizon with today's FOMC rate decision. The US Dollar is holding support ahead of the release.


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Crude Oil Boosted on OPEC Jawboning, NZD Soars Ahead of RBNZ - US Market Open

OPEC jawboning has taken Brent crude prices back above $73/bbl. Kiwi soars on stellar drops report and USD drops on divided congress


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Bitcoin Cash and Ripple: Boosting Market Sentiment | Webinar

The cryptocurrency market broke slightly higher over the last few days and volume picked-up. Is the recent market torpor about to be broken?


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Trading Forecast for Crude Oil, Gold Price, S&P 500, DAX 30 & More

Crude oil may bounce but support not until lower, gold price may be gearing up to trade higher, while global indices continue to act better than expected.


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Gold & Silver Price Analysis – Resistance May Not Keep Them Down for Long

Precious metals continue to range but have some positives in recent price action which suggests resistance levels may not hold in place for much longer.


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EURUSD Analysis: Resistance Curbs Further Upside, Eyes on FOMC

Euro pushes on to better levels following Midterm election outcome. Notable resistance prevents further upside while markets eye FOMC.


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GBP and EUR Well Placed to Advance After US Mid-Term Elections

The British Pound and the Euro could be among the main beneficiaries from Dollar weakness after the US mid-term elections, on optimism about a Brexit deal.


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GBPUSD Price: Important Bullish Price Zone Nears

GBPUSD continues to push higher and is closing in on a confluence of technical indicators that, if broken, could open the way to higher longer-term prices.


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USD Price Lower in Europe After US Mid-Term Elections, May Fall Further

The USD price is dropping in Europe after the US Democrats won control of the House and could extend its losses on concerns about US political gridlock.


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US Dollar May Turn Higher as Markets Digest Midterms Outcome

The US Dollar may turn higher after a bit of knee-jerk weakness as markets digest midterm election results that increase scope for a bipartisan infrastructure spending boost.


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Tuesday, 6 November 2018

Asian Stocks Mostly Rise As Markets Digest US Midterm Vote

There was plenty of green on Asia Pacific stock screens as the results of key US elections trickled in. Foreign exchange reaction was a lot more muted though


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Crude Oil Prices May Extend Worst Losing Streak in 20 Months

Crude oil prices have fallen for seven consecutive sessions, making for the worst losing streak in 20 months. More of the same may be on tap ahead.


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How Does a Lost Carry Currency Like the Kiwi Dollar Rally Like This?

The New Zealand Dollar has earned very bit of its slide these past months, but has the market lowered the bar so far that it is more likely that circumstances support its troubled forecast?


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USD/PHP Extends Fall, Uptrends Hold in USD/SGD, USD/IDR, USD/MYR

Most ASEAN bloc currencies staged a comeback against the US Dollar, especially the Philippine Peso. But dominant uptrends remain intact in USD/SGD, USD/IDR and USD/MYR.


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Japanese Yen Technical Analysis: USDJPY Uptrend Weakens

The Japanese Yen has staged a little fightback against the US Dollar but Midterm noise could well be helping it and it might not be one to back just yet


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NZD/USD Technical Analysis: Kiwi Dollar Aiming Above 0.68

The New Zealand Dollar looks poised to probe above the 0.68 figure against its US counterpart as a rapid recovery clears another layer of chart resistance.


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What Will the Dollar, S&P 500 and Risk Trends Follow After the US Elections?

As the vote tallies on the US mid-term elections, traders will find a high profile distraction pass. What will move in to direct speculative interests for the Dollar, risk assets and other markets now?


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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...