Wednesday, 2 January 2019

JPY Bulls Dominate Amid Growth Slowdown and Wrongfooted Speculators

The Japanese Yen made advances throughout the Asian session after stocks took a hit following the latest China data. More losses expected in USDJPY.


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Sterling (GBP) Slips Lower Despite Strong Manufacturing PMI Headline

The British Pound picked up a bid at the lower level after the latest UK Manufacturing PMI release beat expectations but faded lower as markets digested the data breakdown.


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EURUSD Price: Short-Term Rally May Struggle to Find Traction

EURUSD starts the year pointing higher and may test the early November 2018 high at just over 1.1500 which may open the door to 1.1622 in the near-term.


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Tuesday, 1 January 2019

Asian Stocks Fade As Yet More Chinese Data Comes Up Short

Stock markets got back to more normal trading levels on Wednesday but cheer was in short supply as investors worried about a global slowdown


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Australian Dollar Wilts As Caixin PMI Adds To Chinese Economic Gloom

The Australian Dollar faltered as December stood revealed as the worst month since May, 2017 for China’s private manufacturers


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Sunday, 30 December 2018

Asian Stocks End Mixed, Most Bourses Down For 2018 Overall

Many regional indexes were closed, or closed early, for New Year’s Eve. Those that were open put in a mixed performance following news that Chinese manufacturing wilted in December


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USD/PHP Eyes CPI. Asia Markets Await US Shutdown News, Jobs & Fed

US Dollar weakness boosted ASEAN currencies. The Philippine Peso eyes domestic inflation data. Asia markets await key US new around jobs, the shutdown and Fed Chair Jerome Powell.


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NOK/SEK Technical Analysis: Bearish Forecast for 2019

NOK/SEK will both likely fall in 2019 amid forecasts of economic and political turmoil, but the Krone’s connection to crude oil may be an additional vulnerability that will drag the pair down.


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Technical Analysis: Where to Get Started and How it Can Help

There are a lot of ways to decide what to buy or sell and how to do it; but key for long-term consistency is the incorporation of risk management, and technical analysis can help.


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Australian Dollar Down As China’s Manufactruing PMI Stumbles

The Australian Dollar took only a modest hit Monday in response to the shock news that China’s manufacturing sector contracted in December for the first time since mid 2016.


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First Quarter 2019 Technical Forecasts for the Dollar, Pound, Gold, Equities, and More

The fourth quarter of 2018 produced key technical progressions across multiple asset crosses, setting up what should be a significant first quarter of 2019.


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Can China Manufacturing PMI Miss Fuel Risk Aversion in Thin Trade?

The US Dollar fell as the markets priced out even one Fed rate hike in 2019. Holiday trade still makes for volatile conditions. China Manufacturing PMI contraction may trigger a selloff.


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First Quarter 2019 Fundamental Forecasts for the US Dollar, Euro, Oil, Equities, and More

The fourth quarter and 2018 are now in the books, and the ongoingresurgence of market volatility and uncertainty around key thematic influences are set to carry into 2019.


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Equities Q1 Technical Forecast: Stocks May Rebound But Any Rally Not Expected to Last

Last quarter, the scene for stocks got progressively uglier, highlighted by an unusually weak December.


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US Dollar Q1 Technical Forecast: Fading Excitement Leads to Range as Bulls Shy Away from 98.00

The door could open to a deeper potential pullback in the US Dollar considering the currency's rangebound environment over the secondhalf of Q4.


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British Pound Q1 Technical Forecast: GBP/USD Shows Little Sign of Relief from Bearish Pressure

Losses persisted in the fourth quarter as Brexit/Political uncertainty showed little signs of abating, which in turn saw GBPUSD fail to maintain a foothold above the 1.3000 handle.


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Saturday, 29 December 2018

Euro Q1 Technical Forecast: Despite Year-End Losses, Near-term Gains Not Out of the Question

EUR may experience some near-term strength against USD, CHF, and GBP but may underperform against JPY.


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Gold Q1 Technical Forecast: Pullback to Offer Opportunity in Early 2019

The recovery in Gold prices continued in the fourth quarter of 2018 after rebounding off confluence support near 1171 back in August.


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Oil Q1 Technical Forecast: WTI Crude Price Range at Best, Bear Breakdown at Worst

The worsening fundamental picture aligns with the massive price breakdown in crude that was witnessed in Q4.


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Japanese Yen Q1 Technical Forecast: Why USD/JPY Prices Might Fall in Q1 2019

Buyers of the Japanese Yen did their job in averting a major selloff in the currency during the final quarter of 2018.


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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...