Weekly Trade Levels for DXY, EUR/USD, USD/CAD, Gold & More

Webinar highlighting setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter this week.


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US Dollar Bounces from Support; EUR/USD Attempts to Break Congestion

The US Dollar is bouncing from a key area of Fibonacci support following last week's sell-off, and EUR/USD is attempting to break its recent range of congestion.


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GBPUSD Slumps as Brexit ’No-Vote’ Rumor Gathers Pace

UK PM May is said to have called off Tuesday’s Brexit agreement vote, sending Sterling into a tailspin and down to an 18-month low.


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Sterling (GBP) Directionless - Will Meaningful Brexit Vote Take Place?

PM May’s Brexit agreement is expected to be voted on in the House of Commons Tuesday, but with the PM staring at a heavy defeat, will the vote happen?


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EURUSD Rally May Have Further to Go Before ECB Meeting

EURUSD has pushed back above 1.1400 and looks to re-test the 1.1500 area in the short-term as the USD drops below trend. Economic data and the ECB meeting and press conference (Thursday) will be key.


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EURGBP: Trade Completed

EURGBP is currently trending a touch lower but support nears and may provide a springboard higher, as two of the markets weaker currencies continue to do battle.


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US Dollar Down on Fed Bets, Euro Up on Italy Hopes and ECB View

The US Dollar fell as Fed rate hike bets fizzled. The Euro rose amid hopes for a deal on Italy’s budget and given the ECB’s limited scope to ease.


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Asian Stocks Weaker As China Trade Data Underwhelm, Fed Eyed

Seasonal cheer was in short supply as a new trading weak got under way in Asia. China trade numbers and US employment data have underlined the need for a quick end to trade tensions.


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Crude Oil Prices Yawn at OPEC+ Output Cut, May Fall with Stocks

Crude oil prices seemed unimpressed by an OPEC+ deal to output next year. Deteriorating market-wide sentiment may now apply selling pressure.


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Will China Add Fuel to Risk Aversion? PHP May Face Rate Hikes Next

US yield curve inversion resulted in mixed ASEAN FX as USD fell and global stocks tumbled. Chinese economic activity could slow further, more rate hikes may be in store for PHP ahead.


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NZD/USD Technical Analysis: Kiwi Dollar Down Trend Back in Play?

The New Zealand Dollar may be on the verge of resuming the down trend against its US counterpart after a break of support followed signs of topping below 0.70.


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Asia Stocks at Risk Post S&P 500 Weekly Dive, Yen Prices May Rise

The Canadian Dollar soared, risk aversion lingered as the S&P 500 capped its worst week since March. Asia stocks may fall, boosting the Japanese Yen as US Dollar faces consolidation.


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Euro Weekly Technical Forecast: Bottoming Efforts Under Way in Several Crosses

The Euro has seemingly halted its decline since early-October, setting the stage for bottoming efforts in several EUR-crosses, including EUR/USD.


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Euro Forecast: December ECB Decision to Produce Volatility, Maybe Not Direction

Several competing factors should make for an exciting ECB meeting on Thursday, and as a result, traders should temper expectations for a directional move just yet.


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Weekly Fundamental Forecast:Trade Wars are Heating Up, Brexit Faces a Fork, Fed Intent Blurs

So much for a gentle slide into a quiet end to a tumultuous year. As we head deeper into the month of December, liquidity will continue to drain. However, with such exceptional fundamental risks lurking in the global financial system; volatility remains a constant bedfellow.


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Weekly Technical Forecast: Proximity to Key Technical Boundaries Puts Many Markets at Risk of Breaks

We are facing a market that will have to resolve a conflict of historical norms with structural risks. December is known as a quiet month, but the exceptional consistency in volatility throughout 2018 makes range bounds take on a far more ominous apparenance. Beware surprise breaks.


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Institutions Leave As Market’s Narrative Is Increasingly Government Led

The large drop in the Smart Money Flow Index may be signaling that institutions are stepping out of the market.


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S&P 500, DAX, FTSE Look to Brexit Vote. Trade Wars Remain a Factor

Brexit will be the headline event to watch in the week ahead for equities, but trade wars are ongoing and pose a constant threat.


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US Dollar May Rise on Inflation Data, Shaky European Politics

The US Dollar may find fuel to push higher as CPI data boosts Fed rate hike bets while shaky European politics stoke haven demand.


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USD/JPY to Track October Range as Attention Turns to U.S. CPI

Another batch of lackluster U.S. data prints may spur a further depreciation in USD/JPY as it pushes the Fed to adopt a less-hawkish forward-guidance for monetary policy.


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