The S&P 500 and Dow would make a move that signals to technical traders an ominous progression for an overriding bearish trend. Will trade wars, flash crashes and NFPs accelerate or stabilize our troubling backdrop?
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Thursday, 3 January 2019
Australian Dollar Gains As China Caixin Service PMI Beats Forecasts
The Australian Dollar got a lift from news that China’s service sector continued to expand quite strongly into year-end, in contrast manufacturing’s swoon.
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Canadian Dollar Gains with Crude Oil Prices, Japanese Yen May Rise
Japanese Yen trimmed gains following the FX flash crash on Apple revenue cuts. Canadian Dollar gained with crude oil prices. Will Caixin PMIs trigger more risk aversion as Yen gains?
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FX Price Action Setups in USD/JPY, GBP/JPY and USD/CAD
It's been a fairly intense start to 2018 already, and tomorrow brings Non-Farm Payrolls as a plethora of workable themes remain for traders.
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EUR/USD Initiates Bearish Series as Rebound Flops Ahead of November-High
EUR/USD initiates a series of lower highs & lows after failing to test the November-high (1.1500), with the Relative Strength Index (RSI) also flashing a bearish signal.
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USD/JPY Technical Analysis: 3 Year Pattern Complete?
The Elliott Wave chart pattern for USDJPY shows the three year triangle from 2015 may have completed today. If correct, this implies a very large rally in USDJPY and JPY crosses.
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USD/JPY Rate Forecast: RSI Sits in Oversold Zone Following Flash Crash
The 2018-low (104.63) remains on the radar for USD/JPY as the exchange rate carves a string of lower highs & lows, while the RSI sits in oversold territory.
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Gold’s Bullish Breakout Extends Advance amid Yen Flash Crash
Conditions that cater to a stronger Japanese Yen also help Gold prices rally.
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AUD/JPY Weekly Price Outlook: Aussie Plummets to Multi-Year Lows
AUD/JPY is pace to mark the largest weekly range since 2016 with price testing critical multi-year support. Here are the levels that matter on the AUD/JPY weekly chart.
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USDJPY: 27% Lower Net-Short Suggests Prices May Continue to Drop
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
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USD/CAD Price Outlook: Rally Stalls at Critical Resistance Zone
It’s decision time for the Loonie as price tests key resistance into the start of the year. Here are the targets & invalidation levels that matter on the USD/CAD charts.
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US Selloff Accelerates on ISM Manufacturing Index Miss
The selloff in US stocks and the US Dollar accelerates after the big miss on the ISM Manufacturing Index.
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GBPUSD: 74% Net-Long Gives a Bearish Signal
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
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US Selloff Accelerartes on ISM Manufacturing Index Misses
The selloff in US stocks and the US Dollar accelerates after the big miss on the ISM Manufacturing Index.
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Gold Sentiment is Unable to Provide a Clear Direction
The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.
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DXY Index Stays Lower after Currency Markets Flash Crash
A flash crash in the period between North American trading on Wednesday and Asian trading on Thursday has traders reeling, again.
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USD Falters at Resistance, JPY Spikes Higher on FX Flash Crash- US Market Open
The USD is on the backfoot against its major counterparts, despite a stellar ADP employment, risk is on ISM Manufacturing. JPY surges across amid flash crash.
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Waning ISM Manufacturing Survey to Fuel EUR/USD Rebound
Fresh updates to the ISM Manufacturing survey may fuel a larger rebound in EUR/USD as the index is expected to narrow to 57.8 from 59.3 in November.
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USD/JPY: Yen Melts Up, Snaps Back as Fear is in the Air to Start 2019
Risk aversion didn't wait around for long as big moves registered in the currency market on the first trading day of 2019.
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