A sharp drop appears to have found support near $50/bbl. despite increasingly worrisome signs about global demand in 2019 possibly indicating a short-term low is in place.
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Friday, 7 December 2018
AUD/USD, AUD/JPY and EUR/AUD Trend Lines Broken. Reversals Extend
Fading momentum in the Australian Dollar preceded losses against the greenback, Japanese Yen and Euro. With trend lines broken, AUD/USD, AUD/JPY and EUR/AUD may extend their reversals.
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ETF Flows Reveal Investors Reduced S&P 500, Dow Exposure After G20
Investors ditched their broad-market exposure well before Thursday and Friday’s decline according to exchange traded fund flows as a risk-off tone took hold.
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AUD/USD Rate Vulnerable to Slowing China Consumer Price Index (CPI)
Data prints coming out of China, Australia’s largest trading partner, may shake up AUD/USD as the region faces its slowest economic expansion since 2009.
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Stock Market Outlook: Braced for Brexit Storm
As the FTSE 100 registers its largest weekly decline in 2-months, expect another volatile week for UK assets with focus on the “meaningful vote”.
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USD/CAD Technical Outlook: Initial Targets for Post-NFP Reversal
A reversal from technical resistance has accelerated on the back of today’s jobs reports. Here are the targets & invalidation levels that matter on the USD/CAD charts.
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Consumer Confidence Remains Stable but Future Expectations Wane
The University of Michigan’s index of consumer sentiment remained at 97.5 in December despite an equity market tumble and rising costs from the ongoing US-China trade war.
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Successful Bear Market Trading Strategies & Techniques | Podcast
Traders wish for volatility but very few know how to trade it well. Learn how traders should adapt their approach in this environment.
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Forex Candlesticks: A Complete Guide for Forex Traders
Learn how to interpret candlestick charts for forex with our expert guide.
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USD Drops as NFP Report Disappoints, However, Fed Outlook Unchanged
US Nonfarm Payrolls rose by 155k in November, missing expectations of 198k expected. However, this does not change the outlook of the Fed who are expected to hike this month.
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Oil Soars After OPEC+ Meeting Agree Production Cuts
Brent crude jumps over 4% after delegates from the OPEC+ meeting said that a cut of 1.2 million barrels a day has been agreed, tightening market conditions.
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Charts for Next Week – EUR/USD, USD/JPY, Gold Price & More
The Euro triangle continues to build, so does a bigger one in USD/JPY, while gold has a decision to make at resistance.
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Lackluster Non-Farm Payrolls (NFP) Report to Fuel EUR/USD Rate Rebound
Signs of limited wage growth may spark a bearish reaction in the U.S. dollar as it dampens the outlook for growth and inflation.
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Brexit Latest: Rumors and Delays Press Down on Sterling (GBP)
Brexit news and rumors continue to constrain Sterling but GBPUSD may get a slight boost if the US jobs report meets current market expectations.
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Becoming a Better Trader – What Is Your Trading Style?
In this webinar, I discussed the importance of knowing your approach to markets as well as some tips for knowing which markets and times one should avoid based on their style of trading.
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CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD
USDCAD continues its upward trajectory, while CADJPY has scope for a move towards 82.00. Potential pullback for EURCAD after failure to close above trendline.
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Bitcoin, Ethereum, Ripple: Markets Crash to Fresh Yearly Lows
The cryptocurrency market is in full sell-off mode with little or no levels of support seen on the charts. Some coins look oversold using one indicator, but prices continue to drop.
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S&P 500 & Dow Jones Charts: Volatility May Simmer Down After Springboard Bounce
It's been a wild week of trading with the market tanking into support then posting a fierce rally yesterday; operations need to be focused on short-term maneuvers right now.
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US Dollar May Rise as Jobs Data Revives Fed Rate Hike Bets
The US Dollar may move higher against most of its major currency counterparts as November’s jobs data suggests a data-dependent Fed need not be dovish.
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Thursday, 6 December 2018
Asian Stocks Gain On Hopes Fed May Hold Fire, US Payrolls Up Next
There was a late-week reprieve for battered Asia Pacific stock markets as investors took heart from a report suggesting that there may be fewer US rate rises next year
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Posts (Atom)
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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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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....