Wednesday, 2 January 2019

US Stocks Gain Despite Lingering Government Shutdown

US stocks extend their 5 day gain after another volatile trading session, but the lingering government shutdown still poses risk to sentiment, economic growth.


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FTSE 100, ASX 200 Notch Largest Intraday Recoveries since 2016

The FTSE 100 equity index posted the largest lower wick since the election of President Donald Trump to start the New Year off with a strong recovery into a green close.


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Stronger Bitcoin-Bearish: Most Traders Stay Net-Long

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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S&P 500 May Reverse Higher As Sentiment Shifts

Recent changes in sentiment warn that the current US 500 price trend may soon reverse higher despite the fact traders remain net-long.


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EUR/USD Hits 2-week Lows, Outlook Bearish

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


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GBP/USD: Cable Crumbles After Year-End Rally Falls Short of Dec Highs

Bears are back in the British Pound, as the year-end rally in GBP/USD has given way to another test below the 1.2600-handle.


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Crude Oil Price 2019 & Insights from Daniel Lacalle

Best-selling author and chief economist, Daniel Lacalle reveals how a hedge fund manager will be trading in 2019 and beyond.


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DJIA: Dow Challenges Confluent Resistance After 38.2% Retracement

The Santa Rally didn't arrive until the day after Christmas, but after erasing 38.2% of the December sell-off, are US equity bulls back in control?


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Gold Price Forecast: Bullish Series Keeps June-High on Radar

Topside targets remain on the radar for gold, with the price for bullion eyeing the June-high ($1309) as it extends the bullish series from the previous week.


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EUR/USD Fails at 1.1500 as the USD Jumps from Test of Two-Month Lows

The US Dollar is catching a vigorous bounce after a test of the November low, helping EUR/USD to fall after a re-test of the 1.1500 psychological level.


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EURUSD Price: Be Prepared for a Possible Break to the Upside



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GBP & AUD Plunge, Risk Off Tone Sparks JPY Surge - US Market Open

A new year, however, the same problems persist for the Australian Dollar. GBP fails to receive a bid from firm Mfg. PMI. JPY surges on haven demand.


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EURCAD: Short Position on Lofty Valuation



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AUDUSD Price Downtrend May Resume on Weak China Economy

The AUDUSD price could fall further on a combination of Chinese weakness and a slowing domestic economy.


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FTSE 100 Index Set to Suffer From Weak Chinese Demand

The FTSE 100 index of leading London-listed stocks is looking particularly vulnerable to the weakness of the Chinese economy because of its large mining and energy components.


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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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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...