Monday, 19 November 2018

Asian Stocks Slide With Nissan,Tech To Stay In Unwelcome Focus

Asia Pacific stocks already faced a backdrop of feeble risk appetite. Bad news from the giant automaker and various points of the tech sector made matters worse


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EURUSD or NZDCHF: Which Pair Better Suits Trading Conditions This Week?

EURUSD has posted a noteworthy technical progression with clearing resistance not long after pushing a 16-month low. Yet, in filtering virtue from vice in general market conditions, NZDCHF may be a far superior pair.


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Gold Prices May Continue Higher as Yields Fall in Risk-Off Trade

Gold prices may continue to edge higher as deteriorating risk appetite across financial markets translates into lower Treasury bond yields.


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ASX 200 Technical Analysis: Index Approaches Key Support Again

The ASX 200 is fading again and has returned to what on its monthly chart looks like key retracement support. If the bulls can’t defend this deeper falls could ensue


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EUR/USD Technical Analysis: Euro Bounce May Bring Test Above 1.15

The Euro has breached resistance guiding it lower against the US Dollar since late September, hinting a larger advance may be in the cards.


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US Equities Slide in Defiance of Holiday Expectations, Be Wary of EURUSD’s Break

The black hold in liquidity expected later in this week with holiday conditions seems to find numerous points of defiance in the form of volatility. Yet, can we expect charges like that in with equities, EURUSD and natural gas to continue?


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Asia Stocks at Risk as Euro Stoxx 50, S&P 500 Tumble. Yen May Gain

Risk-off trade from Europe was amplified by the worst decline in US home builder sentiment since 2014, the US Dollar tumbled. Asia stocks may follow the S&P 500 lower as Yen gains.


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Highly Volatile Natural Gas Futures see Margin Requirement Raised

The Chicago Mercantile Exchange announced a bump to the margin requirement on natural gas futures given the recent uptick in volatility which saw price climb 40% in the past month.


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AUD/USD Bullish Sequence Sputters Ahead of RBA Minutes

The near-term advance in AUD/USD appears to be stalling ahead of the RBA Minutes as the exchange rate struggles to extend the recent series of higher highs & lows.


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GBP/USD: Cable Continues to Coil as Brexit Suspense Builds

The backdrop around Brexit has grown even more opaque and clarity remains distant. Despite this, the British Pound continues to drive deeper into consolidation.


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Gold: 84% of Retail Traders are Net-Long Despite Recent Consolidation

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


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S&P 500: Weekly Short Positions Soar 37% to Yearly Highs

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.


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S&P 500 Pattern Warns of Weakness as Dollar Falters

SP 500 continues a bearish sequence of patterns implying much lower levels. US Dollar appears to be entering a near term bearish Elliott wave cycle.


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EUR/USD Weekly Technical Outlook: Euro Reversal Rips into Resistance

Euro has surged more than 2% off the yearly lows with price targeting the first major test of resistance. Here are the levels that matter on the EUR/USD weekly chart.


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Oil Rebound Fizzles Amid OPEC Uncertainty, RSI Stuck in Oversold Zone

The current environment may continue to weigh on oil prices as the Relative Strength Index (RSI) struggles to recover from oversold territory.


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Weekly Trade Levels for EUR/USD, AUD/USD, Crude Oil, 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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EUR/USD Recovery Runs Towards Key Resistance; USD Pullback Continues

The Euro continues to recovery prior November losses as the holiday-shortened week begins, and EUR/USD prices are fast-nearing a key area of chart resistance.


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Crude Oil Renews Selling on Russian Stance, AUD & NZD Drop on APEC - US Market Open

Trade war tensions between the US and China continuing to take its toll on the high beta antipodean currencies. Crude Oil renews selling as Russia talks down joining OPEC oil cut.


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UK Week Ahead: Brexit and the Bank of England to Steer Sterling | Webinar

UK PM Theresa May remains in office, for now at least, and will venture over to Brussels to talk with EU chief negotiator Michel Barnier, while BoE governor Carney will make a shorter trip to Parliament.


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Weekly CoT Update – Sellers in USD, Crude Oil Speculators Keep Hitting Bids

In the latest CoT report large speculators pared back Dollar longs versus most currencies while oil longs continue to hit bids as precipitous decline continues.


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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...