Friday, 16 November 2018

EURUSD Price: ECB Draghi Hints That Uncertainties May Crimp Policy

EURUSD is likely to come under pressure after ECB President Draghi warned that growth and inflation may not pick-up as early as previously expected.


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USD Outlook: Signs Growing for a Potential Top Amid Crowded Positioning

A Financial Times report on Thursday suggested that China and the US were making huge strides to reach an agreement ahead of this month’s G20 summit. Stretched USD longs limit further upside.


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No-Deal Brexit Fears May Renew Pound Drop, Trigger Risk Aversion

The British Pound may succumb to renewed selling pressure while sentiment sours across financial markets amid worries about a “no-deal” Brexit ahead.


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Brexit News: Sterling Remains at Risk of UK Government Breakup

The UK remains in a Brexit crisis with PM May’s leadership still being questioned. Further cabinet resignations are rumored, leaving Sterling a rudderless ship for now.


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Thursday, 15 November 2018

Asian Stocks Edge Up On Trade Hopes, Brexit Worries Keep Lid On

Asia Pacific stocks traded very cautiously into the week’s end. Hope that the US and China can reach some sort of trade accord helped, but Brexit fears were also palpable


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A Review and Outlook of an Australian and Kiwi Dollar Run

Volatility is one of the features of the markets that most traders most frequently seek. Yet, the promise of dramatic movement in the market is more often an excuse to allow emotions to reign as diligent execution of strategy falls to the wayside.


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Crude Oil at Risk as OPEC Supply Cut Bets Undermined by Russia, US

Crude oil prices confirmed longest losing streak since at least 1984. Renewed OPEC supply cut bets may be undermined as Russia seems off the table while the US continues pumping oil.


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EUR/GBP Technical Analysis: Best Gain Since 2016, Downtrend Holds

EUR/GBP prices had the best gain in a day since June 2016 on Brexit fears, but a new resistance line keeps the downtrend intact. October highs should be cleared for a lasting climb.


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Dwindling Brexit Options Guarantees Pound Volatility, S&P 500 Shows Seasonal Benefits

The markets are fighting against the pull of a slow systemic drain in liquidity associated to holiday conditions. We will see how effective such historical norms prove against growing threats like Brexit.


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Gold Prices Stuck Amid Brexit Turmoil as US Dollar, Yields Clash

Gold prices struggled for direction amid Brexit-driven turmoil as the US Dollar and bond yields diverged. Crude oil prices may drop anew in risk-off trade.


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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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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...