Though there is clear leverage in fear over Brexit and the US trade wars, the most comprehensive risk may encompass the Euro. Fiscal stability and monetary policy intent raise the need to plot specific havens for this benchmark currency.
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Tuesday, 11 December 2018
Crude Oil Prices May Get Clashing Cues in US Inventory, CPI Data
Crude oil prices may get conflicting cues in US inflation and inventory flow data if the former boosts the Dollar while the latter reveals a larger drawdown than expected.
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USD/SGD Prices Eye Reversal Pattern. False Breakouts in MYR, IDR?
The Malaysian Ringgit and Indonesian Rupiah might have had false breakouts against the US Dollar. Meanwhile, the Singapore Dollar is overshadowed by a bullish reversal pattern.
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Dow Wilts on Government Shutdown Threats, Pound Kept Off Balance by Confidence Vote Rumors
Just when it seems volatility may settle, the convergence of flighty markets and provocative headlines stirs the waters once again. Trade wars and government shutdown have kept US markets off kilter while Brexit fears are on high alert.
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Euro in Focus as Markets Eye Upcoming European Council Meeting
The Euro will likely be the primary point of focus for investors as the European Council meets this week to discuss Brexit, the Italian budget, international affairs and the future of Europe.
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Japanese Yen Technical Analysis: USD/JPY Range Looks Safe Enough
The Japanese Yen is stuck in a wide trading range against the US Dollar which seems to enjoy quite strong base support. The same can’t be said for poor GBP/JPY however.
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Fed Hike Bets Overshadow China US Auto Tariff Cut, AUD/USD at Risk
Improving US China trade news boosted European equities and the S&P 500 gapped higher. But momentum fell apart as Fed rate hike bets rose as a consequence. AUD/USD climb at risk.
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US-China Trade War: China Agrees to Slash Auto Tariffs, Dow Retreats
Substantial progress was made in the US-China trade war Tuesday as China’s Vice Premier, Liu He, announced a 25 percent reduction on tariffs of US autos.
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Euro Forecast Weakens as Paris Riots Threaten Macron Presidency
The Italian budget deficit negotiations may be front and center, but civil unrest in Europe’s second largest economy is weighing on French bond markets, hurting the Euro.
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Gold Price Forecast: Post-NFP Rally Met with Waning Bullish Momentum
The recent strength in the price of gold appears to be sputtering as the Relative Strength Index (RSI) flops ahead of overbought territory.
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NZD/USD Weekly Price Outlook: Kiwi Rally Runs into Resistance
The New Zealand Dollar is struggling after responding to confluence resistance last week. Here are the levels that matter on the NZD/USD weekly chart into the year-end.
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Sterling (GBP) Slammed Lower on No Confidence Vote Rumour
Sterling made a fresh 18-month low Tuesday after rumors hit the screens that the 48 letters needed to trigger a vote of ‘No Confidence’ in PM May had been handed in.
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EUR/USD Caught in Congestion as USD Extends Fibonacci Support Bounce
The US Dollar came into this week on the ropes, quickly testing a key area of Fibonacci support. But bulls have come back with gusto since that support test.
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Technical Outlook for the USD Index, EUR/USD, EUR/AUD, Gold Price & More
The DXY is a chop-fest right now while the Euro continues to contract within a triangle, EUR/AUD has resistance worth watching, gold may climb a little higher before resistance.
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Dollar Bulls Not Out Yet amid DXY Index Bullish Outside Engulfing Bar
Despite breaking its uptrend from the September low, the DXY Index's symmetrical triangle since November remains in place.
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Market Sentiment Improving Only Marginally | Webinar
Trading sentiment remains very poor despite a modest improvement in confidence.
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DAX 30 Technical Outlook – Near-term Downside Extended, but More to go Long-term
From a macro standpoint the DAX looks headed considerably lower, but in the near-term selling may be overdone.
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Brent Crude Oil Price - Building a Trading Range?
Brent crude oil looks like it has made its low print for the year, but its upward trajectory is currently blocked by a combination of technical indicators. It looks like oil is starting to build a range.
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EURUSD May Weaken as ZEW Data Highlights Economic Weakness
EURUSD remains capped under 1.1400 for the time being and may struggle to push higher after the latest German ZEW data showed underlying economic weakness across the Euro-Zone.
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GBPUSD Price Stabilizes, Challenges Key Support Levels
The GBPUSD price is more stable Tuesday ahead of several important support levels but any break would send it even lower.
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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...
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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....