Wednesday, 7 November 2018

AUD/CAD Price Bullish Breakout a False Flag? Reversal to Come?

AUD/CAD price gains may halt given that the BoC is relatively more hawkish than the RBA. Meanwhile RSI divergence warns that the Canadian Dollar may appreciate against the Aussie.


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Nikkei 225 Technical Analysis: Uptrend Holds Into Key Resistance Zone

The Nikkei 225’s latest uptrend is surviving quite well and, if it can remain within its current trading band, may presage a return to this year’s multi-decade highs.


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AUD/USD Technical Analysis: Upswing Corrective Within Down Trend

The Australian Dollar has mounted a spirited recovery against its US counterpart but gains appear to be corrective within a broader downtrend.


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Nikkei 225 May Follow S&P 500, JPY Price at Risk Post US Midterms

The Japanese Yen may be at risk as the Nikkei 225 follows S&P 500 higher after the US 2018 midterm election results. NZD/USD may focus more on market mood as RBNZ left it little changed.


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EUR/USD Rate Outlook Hinges of Fed Forward-Guidance

EUR/USD remains bid ahead of the Federal Reserve meeting, with the exchange rate at risk for a near-term rebound amid the failed attempt to test the August-low (1.1301).


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DJIA Bulls Push Above 26k, Bears Shy Away After Mid-Terms

Stocks are jumping today following yesterday's mid-terms, and this extends the November recovery from the October sell-off.


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NZD/USD Correction to Face Dovish RBNZ Forward-Guidance

The Reserve Bank of New Zealand (RBNZ) meeting may curb the NZD/USD correction should the central bank endorse a dovish forward-guidance for monetary policy.


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GBP/USD: Cable Bulls Rush Back to the Bid, Find Fibonacci Resistance

A brutal October has led into a very bullish November, at least so far, for the British Pound. But with prices nearing a big zone of resistance, can buyers continue to push?


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Gold Price Outlook: XAU/USD Carves Range inside Key Resistance

Gold has carved out a well-defined weekly/monthly opening-range just below key resistance. These are the targets & invalidation levels that matter on the XAU/USD charts.


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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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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...