Wednesday, 9 January 2019

Nikkei 225 Technical Analysis: Bulls Must Make Back Dec’s Falls

The Nikkei 225 has risen in 2019, but it does not yet look like a move with much conviction behind it and the bulls need to nail things down a bit harder


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EURUSD Finally Breaks but Does It Rally and Will SPX Overcome the Shutdown?

The DXY Dollar Index faces a tentative reversal due to dovish Fed language, leading EUR/USD to finally clear 1.1500 resistance.


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Australian Dollar Keeps Sliding Despite Weaker China CPI Print

The Australian Dollar was already pressured Thursday and news of weaker Chinese pricing power which might have supported it failed to do so


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Will US, China Trade Statement Extend Fed-Led Stocks Rise?

A dovish day from the Fed weighed against the US Dollar, but the S&P 500 missed its full potential. Markets are still eagerly anticipating the joint statement from US China trade talks.


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EUR/USD Breaks Out as Fed Officials Endorse Wait-and-See Policy

EUR/USD breaks out of the range-bound price action carried over from late-2018 as Federal Reserve officials show a greater willingness to delay the next rate-hike.


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USD Declines as Fed Minutes Reiterate Dovish Shift in Outlook

The Fed's discussion over interest rates and economic outlook shows an increasingly dovish shift in tone causing the US Dollar to decline.


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Bullish DXY on Opportunistic Drop as Potential Trade War Truce Nears

After the ‘Powell Put’ was engaged on January 4, the US Dollar weakness has accelerated having fallen 2%. There could be more downside to come, but the upside story remains.


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Canadian Dollar Weekly Price Outlook: USD/CAD Breakdown Targets

Price has dropped more than 3% since the start of the year with the decline breaking uptrend support. Here are the levels that matter on the USD/CAD weekly chart.


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Gold Prices Hold 2019 Opening Range, RSI Responds to Bullish Formation

Recent price action keeps the topside targets on the radar for gold as the Relative Strength Index (RSI) responds to the bullish formation from late-2018.


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CAD Jumps on BOC Rate Review Despite Bleak Forecasts

The Bank of Canada stands pat on interest rates but less dovish guidance on future increases pushes the CAD higher.


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Gold Price Technical Outlook: Breakout Imminent Near Seven-Month High

Gold has carved a monthly opening-range at the highs with the breakout to offer guidance. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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USDCAD: Long Greenback - Short Loonie

USDCAD is looking oversold in the short-term. Go long and keep stops tight.


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US Dollar Breaks Down as Fed-Speak Begins: EUR/USD to Two-Month Highs

The US Dollar is breaking down to fresh two-month lows, helping EUR/USD to break-above a key area of resistance on the chart. A plethora of drivers await for the next two trading days.


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Crude Oil Enters Bull Market, Fed Doves Pressure USD - US Market Open

Brent and WTI crude futures are now in a bull market, while another raft of dovish Fed commentary has seen USD pare its early advances.


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DXY Index Working on Second Inside Day amid Central Bank Activity

FX markets are in a holding pattern ahead of activity by the Bank of Canada, Bank of England, and Federal Reserve today.


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BoC Preview: Hawkish Forward-Guidance to Fuel Bearish USD/CAD Sequence

The Bank of Canada’s (BoC) first interest rate decision for 2019 may shake up the near-term outlook for USD/CAD as the central bank releases the updated Monetary Policy Report (MPR).


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Technical Outlook for Dow Jones, DAX 30, Crude Oil, Gold Price & More

As global stocks continue to recover resistance is becoming the focus, the same goes for crude oil too, while gold tries to hold onto its rally via a slope line and weak-ish Dollar.


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CAD Outlook Dependent on Crucial Bank of Canada Rate Guidance

The Bank of Canada will publish its latest interest rate decision where the BoC is expected to maintain rates at 1.75%. Focus on monetary policy statement for CAD reaction


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EURUSD Price Rise Could Be False Break Higher

The EURUSD price has broken above a downward sloping trendline in place since last April but fundamental factors suggest the move could be a bull trap.


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Crude Oil Price Boosted by US-China Trade Talk Optimism

Crude oil continues its recent push higher, aided by news that US-China trade talks are progressing well, lifting overall market sentiment.


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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...