Tuesday, 18 December 2018

Crude Oil Price Breaks Support, Crumbles to a New 14-Month Low

The Brent crude oil price continues to crumble and has broken horizontal support to make a new 14-month low as record US shale production and fears of an economic slowdown weigh on the oil complex.


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Global Stock Prices May Rally Post Fed, Dovish Rate Hike Likely

Stock prices are continuing to fall around the world but a rally is possible if the Federal Reserve decides to accompany an increase in US interest rates Wednesday with a dovish commentary.


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Yen, US Dollar May Fall in Pre-Positioning for FOMC Rate Decision

The Japanese Yen and the US Dollar may decline in tandem amid pre-positioning for Wednesday’s FOMC rate decision. Follow-through seems unlikely however.


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Monday, 17 December 2018

AUD/USD Could Get Fed Boost, But It’s Not Likely To Last

A dovish Fed could see plenty of currencies make at least shor- term gains against the US Dollar. The Aussie will probably be included, but a rethink may come quite swiftly .


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Crude Oil Prices Risk Deeper Losses After Support Break

Crude oil prices plunged amid a market-wide slump in risk appetite, breaking below key support and opening the door for deeper losses to follow.


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China Tax Cut Bets Weakened With Asia Stocks. Nikkei 225 May Rise

Risk aversion lingered into Asia stocks, hopes of Chinese tax cuts diminished during speech from President Xi Jinping. Nikkei 225 overshadowed by positive RSI divergence as Yen gained.


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EUR/USD Vulnerable as EU Commission Weighs Italy Penalty

EUR/USD may fall as the EU Commission meets on December 19th and may possibly discuss implementing the Excessive Deficit Procedure (EDP) against Italy amid the budget conflict.


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Why the Fed Won’t Relent to Trump’s Calls to Hike Rates, But the Market...

Once again, the US President Donald Trump has weighed in on the Fed’s plans to continue with its path of monetary policy tightening. Just a few days away, will the central bank heed his calls and shock the market?


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EUR/USD Technical Analysis: Chart Breakdown Exposes November Low

The Euro broke downward through the bottom of a Triangle chart formation, suggesting continuation of the down trend against the US Dollar is at hand.


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Did the S&P 500 Just Set Up a True Reversal in December, Before the Fed?

The S&P 500 dove to start the week defying both seasonal expectations and the norms of a downgrade in activity to observe for critical event risk (the Fed decision). Did this risk benchmark commit to a full reversal?


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S&P 500 Peeks Below Trend Line Jeopardizing 10 Year Uptrend

S&P 500 tested an important trend line that may call into question the future potential of the ten year up trend.


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NZ Dollar Gains With Local Business Confidence, Fed In Focus

The New Zealand Dollar ticked up on news that businesses were less gloomy in December. They’re still not happy, but there have been consistent improvements since the summer.


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S&P 500, Crude Oil Prices Beyond 14-Month Low. AUD, NZD at Risk

The S&P 500 and crude oil prices closed at their lowest in more than 14 months as sentiment quickly fell apart. The Australian and New Zealand dollars are vulnerable as Yen gains.


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USD Bolstered by Robust TIC Flows, Price Action Remains Tied to Fed

Treasury International Capital flows released Monday revealed a net $42 billion entered the United States in October and bolstered the Dollar's position.


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Will the Stock Market Crash in 2019?

The return of volatility to equity markets has spooked investors at a time when many economic indicators suggest we are near the end of a record long bull run. But is a crash really inevtiable?


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Gold Price Forecast: Monthly-High on Radar as RSI Clings to Bullish Trend

Gold prices eye the monthly-high ($1251) as the Relative Strength Index (RSI) clings to the bullish formation carried over from the previous month.


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GBP/USD: Cable Pushes Above 1.2600 Ahead of UK Inflation, BoE

The British Pound is continuing to recover losses from last week's bearish breakout, and this sets the stage for UK inflation and the Bank of England.


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AUD/USD Price Outlook: Aussie Bounces from Big Support Ahead of Fed

Aussie is testing make-or-break support ahead of the FOMC interest rate decision. Here are the targets & invalidation levels that matter on the AUD/USD charts this week.


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Price Decreased Since Early December

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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Bitcoin: Traders Continue to Increase Net-Long Positions

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


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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...