EURUSD, the currency markets most liquid currency cross, dove through support and moved on to the lowest levels plunged in 16 months. Is this revival of a bear trend or a temporary charge?
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Monday, 12 November 2018
Japanese Yen Technical Analysis: USDJPY Slip Looks Corrective
The Japanese Yen has inched up against the US Dollar this week, but it remains short of fundamental support and looks likely to retrace its steps
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S&P 500 Extends its Tumble, EURUSD Hits 16-Month Low, Oil Dives an 11th Day
So much for a quiet start to the new trading week after a weekend to reevaluate. Risk aversion was shifting through the gears Monday with an accelerated US equity retreat. But that move has nothing on the drop from EURUSD and crude oil.
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EUR/USD Technical Analysis: Sellers Take Aim Below 1.12 Figure
The Euro looks likely to suffer deeper losses after breaching the 1.13 figure and dropping to the lowest level in over 16 months against the US Dollar.
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AUD/USD Drop May Gain, Crude Oil Longest Losing Spree Since 1984+
Crude oil prices entered longest losing streak since at least 1984 despite OPEC talks, falling as S&P 500 tumbled about 2%. GBP/USD was volatile on Brexit news as AUD/USD risks extending a selloff.
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President Trump Ponders Auto Tariffs Amid 600 Point Dow Decline
US equities closed significantly lower Monday as reports circulated that President Trump plans to meet with his trade team on Tuesday to draft a report on European auto tariffs.
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AUD/USD Carves Bearish Sequence Following Failed Run at September-High
The advance from the 2018-low (0.7021) may continue to unravel as AUD/USD carves a fresh series of lower highs & lows after failing to the test September-high (0.7315).
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GBP/USD: Cable Gaps Down to Start a Big Week for the British Pound
The bullish theme from the British Pound has left the currency, and sellers are in-control as a busy calendar meets more twists and turns in the ongoing Brexit story.
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EURUSD Hits 16 Month Lows While SP 500 Pattern Hints to New Lows
EURUSD breaks to new 16 months lows after a sharp reversal on November 7. Meanwhile, the late Friday correction in SP 500 has continued forward to today and points to lower levels.
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GBPUSD Elliott Wave Analysis: Seeking Larger Impulse Waves
The Elliott Wave chart pattern for GBPUSD has been mysterious for the past several months. The collection of three wave patterns leaves Cable vulnerable to lower levels.
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NZD/USD Weekly Technical Outlook– Kiwi Eyes Yearly Slope Resistance
New Zealand Dollar is up nearly 5% off the yearly lows with price now targeting key slope resistance. Here are the levels that matter on the NZD/USD weekly chart.
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Gold Price Outlook Mired by Lower Highs & Lows, Bearish RSI Signal
Gold prices stand at risk of extending the fresh series of lower highs & lows as the Relative Strength Index (RSI) flashes a bearish signal.
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Weekly Trade Levels for EUR/USD, GBP/USD, USD/CAD, Gold, & More
Webinar highlighting setups we’re tracking into the start of the week across the US Dollar Majors. Here are the updated targets & invalidation levels that matter.
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EURGBP: Pending Short - Downtrend Intact
EURGBP remains in a downtrend, making a series of lower highs and lower lows from the end of August.
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USD Hits Fresh YTD High on EUR and GBP Rout - US Market Open
GBP rocked by the latest newsflow surrounding Brexit negotiations, Italy keeps Euro on backfoot. OPEC announces U-Turn.
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EUR/USD Falls to Yearly Low as Euro, Italy Worries Take Center Stage
It's a big week for the Euro. The Italian budget saga moves back into the spotlight and a number of data releases will likely keep EUR/USD on the move.
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UK Week Ahead: Brexit and Big Data Releases | Webinar
Sterling is under pressure from a strong US dollar and negative Brexit headlines. Will UK wages and inflation data support the British Pound or will Sterling’s decline continue?
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Weekly CoT Update for USD, Euro, Crude Oil & More
In the latest CoT report, large speculators were mixed with their USD bets while aggressively reducing exposure in crude oil as price continues its precipitous decline.
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GBPUSD Vulnerable to Larger Losses as PM May Looks into Brexit Abyss
GBP has been rocked by the latest round of negative sentiment surrounding Brexit negotiations, given an increased number of MPs threatening to oppose PM May’s Brexit plans.
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EURUSD Trampled by a Rampant US Dollar, Hits a Fresh 17-Month Low
EURUSD slumps to levels last seen in June 2017 on a combination of a surging US dollar and fears that growth in the Euro-Zone is turning lower, led by German contraction.
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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...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....