Tuesday, 13 November 2018

Australian Dollar Steady On Mixed China Data, Employment Up Next

The Australian Dollar didn’t move very far on Tuesday’s Chinese data dump in which retail sales underwhelmed and industrial production did not


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NZD/USD Technical Analysis: NZ Dollar Rally Ready to Resume?

The New Zealand Dollar may struggle to find upside follow-through against its US namesake despite seemingly bullish near-term technical positioning.


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Brexit Headlines Driving GBP Prices Up, OPEC Sinks Crude Oil Hard

Wall Street little changed despite reduced US China trade war fears, Crude Oil fell by the most since 2016 on OPEC news. Brexit headlines pushing GBP higher, Asia stocks may rise.


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Upbeat Australia Wage Price Index (WPI) to Fuel AUD/USD Rebound

Updates to Australia’s Wage Price Index (WPI) may fuel the recent rebound in AUD/USD as household earnings are projected to pick up in the third-quarter of 2018.


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NZD/USD Correction Still in Play Amid Hope for U.S.-China Trade Deal

Recent price action in NZD/USD raises the risk for a larger correction as the exchange rate snaps the series of lower highs & lows carried over from the previous week.


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FX Price Action Setups in USD, EUR/USD, NZD/USD and USD/CHF

It's already been a busy week and a number of items remain that can continue to prod volatility. In this webinar, the US Dollar was the center-point as we looked at a series of major pairs.


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Dissecting the Crash in Crude Oil That Brought a Sudden Bear Market

Crude oil has experienced its longest losing streak on record with 12 consecutive days lower as NYMEX crude dropped below $57/bbl for the first time since November despite OPEC production curb pledge.


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Crude Oil Weekly Technical Outlook– WTI Plunges to Fresh Yearly Lows

Crude oil prices have plummeted more than 23% off the yearly high with price now targeting key slope support. Here are the levels that matter on the WTI weekly chart.


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USD/JPY: Weekly Short Positions Increase 23% Leading to a Bullish Bias

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.


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GBPUSD Surges as Breakthrough Signals Imminent Brexit Deal

The Pound has spiked higher in reaction to reports suggesting that the EU and UK have agreed a text on how to avoid an Irish hard border


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GBP/USD Sentiment is Unable to Provide a Clear direction

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


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USD/JPY Initiates Lower Highs & Lows Ahead of Fresh Fed Rhetoric

USD/JPY initiates a series of lower highs & lows after failing to test the 2018-high (114.55), but fresh comments from Fed officials may keep the exchange rate afloat.


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EUR/USD: 63% of Retail Traders are Long, Despite YTD lows

Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.


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EURGBP Price Breaks Lower, Further Falls Possible



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US Dollar Tempers Strength as EUR/USD, GBP/USD Bounce From Lows

The US Dollar is softening from fresh yearly highs after this week's open brought another bullish breakout. This is helping to bring a bounce to beleaguered pairs like GBP/USD and EUR/USD.


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GBP up on Fresh Brexit Optimism, Crude Oil Record Losses Continue - US Market Open

Record run of consecutive daily losses for oil looks set to continue, GBP lifted on yet another wave of Brexit optimism, Yuan firms on Chinese intervention.


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USD Rally Pauses as EUR, GBP Gain on Italian Budget, Brexit Hopes

Signs that some of Europe's most pressing issues may move towards resolution soon is helping lift currencies across the pond.


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Trading Sentiment Poor, USD In Demand | Webinar

Market confidence remains weak, continuing to prompt a flow of money into safe havens and particularly into the US Dollar.


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Trading Outlook for EUR/USD, USD/JPY, EUR/CAD, Gold Price & More

The Euro is looking lower after support break, USD/JPY has big resistance ahead, EUR/CAD set-up coming to light, while gold test important channel support.


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Crude Oil Analysis: Bearish Streak Persists as Trump Jawboning Negates OPEC U-Turn

Yesterday saw oil prices drop for the 11th consecutive session, marking a record run of losses for crude oil, which looks set to continue with Brent slipping some 2%. As OPEC optimism had been dampened by Trump.


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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...