Despite Brexit Fears, S&P 500 Halts Losing Streak. AUD May Fall

British Pound suffered the most since the Brexit Referendum, yet S&P 500 halted a 5-day losing streak on reduced US China trade war fears. AUD/USD’s upside push looks unconvincing.


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AUD/USD Continues to Eye September-High Despite Waning Retail Interest

AUD/USD appears to be making another run at the September-high (0.7315) even as market participation appears to be waning ahead of the weekend.


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NZDUSD Elliott Wave Analysis: Bullish Impulse Suggests More Upside

NZDUSD appears to be carving a bullish impulse wave in Elliott wave terms. This implies continued strength while holding above .6611.


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US Dollar Price Action Setups: EUR/USD, USD/CNH, NZD/USD

The US Dollar is holding ground despite the growing backdrop for weakness in the currency across a number of pairs. The Euro, meanwhile, has its own case for continued weakness.


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Gold Price Outlook: Recovery Testing Resistance at Prior Support

Despite the recent surge in volatility, gold prices are virtually unchanged month-to-date. These are the targets & invalidation levels that matter on the XAU/USD charts.


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Oil Price RSI Holds in Oversold Territory Even as UAE Vows to Cut Output

Oil prices remain vulnerable even as the United Arab Emirates (UAE) vows to cut crude production as long as the Relative Strength Index (RSI) holds in oversold territory.


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GBPUSD Sentiment Data Suggest Outlook is Still Bearish

Sentiment data compiled by DailyFX show that retail traders are increasing their net-long positions in GBPUSD as the currency falls, suggesting that potentially more losses are on the way.


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Brexit Latest: British Pound Plunges as Resignations Rock Mays Cabinet1

Resignations by the Brexit Secretary and the Secretary of State for Work and Pensions have stoked fears that parliament will reject UK PM May's Brexit deal.


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Bitcoin: Weekly Short Positions Skyrocket 31% as Prices Hit a 13 Month Low

Traders are less net-long than yesterday and last week, and recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.


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GBP Drops as Brexit Turmoil Sparks Leadership Challenge Fears - US Market Open

Brexit turmoil has seen the Pound plunge over 1.5%, hitting lows of 1.2750. Much of the losses had stemmed from the announcement by Former Brexit Minister Raab


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DJIA: Dow Jones Tests 25k as Post-FOMC Sell-Off Extends

US equities continue to face pressure after last week's FOMC meeting, and the Dow Jones sees that sell-off extend into a sixth day as prices test below a key support level at 25k.


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GBP/USD: Cable Chaotic on Brexit, Euro Stable Despite Italy

Volatility continues to show in the British Pound around Brexit, and this morning has brought a 200-pip sell-off to GBP/USD. Meanwhile the situation around Italy and the EC remains worrisome.


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Bitcoin, Ethereum, Ripple Prices Continue to Collapse

The cryptocurrency market capitalization has dropped by around 12% (USD25 billion) in the last 24-hours with little fundamental news driving the sell-off.


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EURUSD Selling Likely Amid Fed Balance Sheet Unwind

Typically, on days with a large and negative impact USD liquidity due to the balance sheet unwind, the Dollar has tended to gain while risk sentiment has been softer.


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London’s FTSE 100 Index Loses Early Gains Despite GBP Plunge

The FTSE 100 index of leading London-listed stocks is dropping back despite a Brexit-related tumble in GBP.


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Brexit Latest: Sterling Slumps as Brexit Minister Resigns, PM Leadership in Doubt

UK PM is fighting for her political future today after Brexit minister Dominic Raab resigned earlier, sparking renewed talk of a vote of no confidence in the PM. Sterling crumbles on the news and is likely to fall further.


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How Does a Leadership Challenge to a UK Prime Minister Work?

As Brexit discussions enter its most difficult phase yet, PM May once again finds herself under intense scrutiny at the top of a fractured government that is unable to unite over her plans to leave the European Union.


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US Dollar Rally Stutters, Technical Support Nears

The US dollar has edged off its recent highs, but the uptrend remains intact. Mildly bullish talk from Fed Chair Jerome Powell last night should see near-term support hold.


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Further GBP Price Drop Likely as Brexit Deal Faces Strong Opposition

After a highly volatile session Wednesday, the GBPUSD price is dropping further below 1.30 and more losses could be in store as UK PM Theresa May faces opposition all round to her Brexit agreement.


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Yen, US Dollar May Rise as Brexit Turmoil Sours Market Mood

The anti-risk Yen and US Dollar may rise while the British Pound drops as UK Prime Minister May receives a cool reception for her Brexit deal plan in Parliament.


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