An update on near-term trade setups we've been tracking in USD/CAD and AUD/USD. These are the targets and invalidation levels that matter this week.
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Monday, 7 January 2019
S&P 500 Kisses Trend Line, USDJPY May Have Started Multi-Year Rally
Though SP 500 has rallied, it has merely reached the underside of a broken trend line. The spike low on USDJPY may initiate a multi-year rally.
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FX Week Ahead: FOMC Minutes, BOC Rate Decision, December US CPI
The first full week of 2019 sees a bit more activity on the calendar, although ‘gamechangers’ are few and far between.
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Gold Prices Pare Post-NFP Losses, RSI Clings to Bullish Formation
Gold prices may continue to catch a bid over the coming days as the Relative Strength Index (RSI) clings to the bullish formation carried over from November.
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Weekly Trade Levels for DXY, EUR/USD, AUD/USD, Gold, Crude & More
Webinar highlighting active setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter into the start of the year.
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Sterling (GBP) Week Ahead: Brexit Handcuffs Sterling | Webinar
Brexit returns to the headlines with PM May’s contentious Brexit bill heading for a vote in Parliament on Tuesday next week. And, as it stands, it is unlikely to pass.
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US ISM Services Index Misses Expectations in December
The December 2018 Non-Manufacturing PMI drops nearly 6 percent as growth in supplier deliveries, inventory buildup and order backlogs fades.
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US Dollar Threatens Two-Month Lows as EUR/USD Tests Key Resistance
The US Dollar is fast-approaching the two month low, but the big question for this week is whether US equity bulls can hold the line of higher-low support for continued recovery.
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EUR Eyes 1.15, GBP Volatility to Return - US Market Open
The Euro is among the best performers amid softer USD and narrowing US/DE rate differentials, while GBP volatility is set to return as Brexit headlines pick up.
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CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY
USDCAD continues to head lower, eyes on the 1.32 handle. EURCAD looks to make a test 200DMA. CADJPY remains bearish despite recovery from flash crash lows.
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Sterling (GBP) Latest: Brexit Vote Confirmed; PM Warns of No-Deal Danger
The UK government has confirmed that MPs will vote on the PM May’s Brexit bill on Tuesday, January 15, and that means increased short-term GBP volatility.
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Key Global Elections to Watch Out For in 2019
As pollical uncertainty remains rife in financial markets. Investors will be placing a keen eye on several key elections that will take place in 2019.
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Crude Oil Price Likely to Push Higher on US - China Trade Hopes
Trade negotiations between the US and China are expected to commence today and financial markets are starting to price-in a positive outcome. And that could be good news for oil bulls.
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DAX 30 & CAC 40 Technical Forecast – More Upside Before Resistance is Met
The DAX and CAC are getting a lift with global equity markets, with the recovery having more more room to go before it runs into potential trouble.
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Sunday, 6 January 2019
Yen, US Dollar May Rise as Market Mood Sours Again
The Japanese Yen and US Dollar may rebound as trade war worries, the ongoing US government shutdown and soft service-sector ISM data sour the markets’ mood.
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Asian Stocks Rise Broadly As US/China Trade Talks Kick Off
Asian equity started a new week on good terms with itself as vice-ministerial level talks on trade began between the United States and China
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ASEAN FX Eye US China Trade Talks, Powell Put Beliefs at Risk?
ASEAN FX emerged stronger after ‘Powell Put’ speculation sunk the US Dollar. Next, all eyes are on US China trade talks. Will Fed Chair clarify data dependence, boosting the greenback?
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ASX 200 Technical Analysis: Post-Crisis Uptrend Remains In Balance
The ASX 200 is close to the top of its near-term trading range and may yet top it. However, its monthly chart position is a lot more precarious
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Japanese Yen Weekly Technical Forecast: Flash Crash May Have Been a Red Herring
The flash crash in JPY-crosses ahead of the Asian session open on Thursday ultimately resulted in some of the most significant reversals ever seen in the history of FX markets. Do they matter?
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Crude Oil Price Rebound May Struggle on US, China Trade War Fears
Crude oil prices may struggle to extend the recent recovery as tense talks between officials from the US and China cool hopes for trade war de-escalation.
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