Gold Technical Outlook: Price Breakout Approaching Initial Targets

A breach above the November range takes gold prices near five-month highs. Here are the targets & invalidation levels that matter on the XAU/USD charts next week.


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GBP: Sterling Traders Bewildered as Brexit Chaos Intensifies

It would be easier to solve a Rubik’s cube wearing a blindfold than it would be to work out the UK’s position on Brexit which seemingly shifts every day. And that is hitting Sterling, making it increasingly difficult to trade with any confidence.


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Technical Forecast for the S&P 500, Dow Jones, DAX 30 & FTSE

Last week was a wild one and next could be too, but volatility may diminish a bit as long as support levels hold.


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Canadian Dollar’s Shifting Sentiment May Boost Short Term Prospects

The Canadian Dollar looks to rebound with major event risk in the rearview mirror and shifting bullish sentiment.


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Dollar Wind Up Threatens to Resolve with a Break Before 2018 Ends

The Dollar’s bullish progress through 2018 has flagged significantly over the past three weeks. The chart looks primed for a break as liquidity fights resolution on a critical move. Yet, volatility suggests not to be complacent.


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OPEC And Friends Production Cut Exceeds Expectations, Crude Rallies

Crude may still finish the year in the red, but OPEC helped to stop the bleeding with a production cut agreement that exceeded market expectations.


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Which Major Faces the Most Risk This Week: Dollar, Euro or Pound

Relative performance is a necessary assessment in the FX market where values are established in one currency versus another. Given global conditions, evaluating the most bearish candidate among the majors is arguably the most productive effort.


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Next Week Starts with Key S&P 500 Support, A Brexit Vote and Fed Speculation

Anticipation for volatility over the coming week is drawn between the comfortable assumption of seasonal norms and the unsettled risk inherent in themes like Fed policy, Italy’s budget fight and the Brexit vote. Be wary of your assumptions for risk.


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GBPUSD Weekly Technical Outlook: Sterling Remains Weak

Both the four-hour and daily GBPUSD chart point to lower prices ahead with a re-test of the 1.2660 low on the cards.


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WTI Holds Near $50/bbl; Bounce May Very Well Be Bull Trap

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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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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