Thursday, 10 January 2019

USD/SEK Held Steady After Riksbank Minutes Released - Look Ahead

USD/SEK remained calm after Sweden’s central bank released its minutes from the December policy meeting. Riksbank officials are generally cautious and favor a gradualist approach.


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Crude Oil and Gold Prices May Fall on US Inflation Data

Crude oil and gold prices may succumb to selling pressure as US inflation data boosts Fed rate hike bets, sending the US Dollar broadly higher.


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EUR/GBP Technical Analysis: Can Rising Support Revive Uptrend?

A rising trend line may guide EUR/GBP prices above its range-bound horizontal channel, outer boundaries of resistance is around 0.91102. Conversely, support appears to be at 0.89040.


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Fed Lifts Stocks, US Dollar. AUD/USD, ASX 200 Prices May Climb

Fed Chair Jerome Powell lifted the S&P 500 after a lack of details on the US-China trade talks nearly soured the markets. AUD/USD prices, ASX 200 may extend bullish reversals.


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Upbeat Australia Retail Sales Report to Fuel Bullish AUD/USD Series

Australia’s Retail Sales report may fuel the recent series of higher highs & lows in AUD/USD as consumption is projected to increase another 0.3% in November.


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Fed Flexibility and Powell Patience Calms Market Angst

Chairman of the Federal Reserve Jerome Powell spoke at the Economic Club of Washington earlier today where he conveyed the latest dovish position of the central bank.


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Australian Dollar Weekly Price Outlook: AUD/USD Reversal Targets

Aussie rallied more than 6.5% off the monthly low with price now eyeing the first major resistance hurdle. Here are the levels that matter on the AUD/USD weekly chart.


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Government Shutdown Could Trigger US Credit Rating Downgrade

A prolonged government shutdown could trigger one credit rating agency to downgrade the perfect AAA classification held by the United States.


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How to Become a Better Trader: Psychology and Process | Podcast

Learn about psychology and process and how traders can turn weaknesses into strengths from top analyst Paul Robinson


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Crude Oil Breaks Out of Downward Trend Following Oversold Reading

Efforts by OPEC and its allies to stabilize the energy market may generate a larger correction in crude as oil prices break out of the downward trend from late-2018.


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DXY Index Range Breakdown Under Way, Eyes on Powell Speech

The US Dollar breakdown in recent days has gone hand-in-hand with shifting perception around Fed policy.


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GBP Drops on Election Talk, USD Recovers from Fed-Inspired Losses - US Market Open

GBP underperforms as Corbyn talks up general election, while USD recovers from yesterday’s Fed inspired losses. However, eyes now on Powell and Clarida.


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Sterling (GBP) Remains Resilient Despite Another Defeat for PM May

The UK government is losing control of the Brexit process and now must come up with plan B within three working days if PM May loses the Brexit vote next Tuesday.


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US Crude Oil Price: No Sign Yet of Recovery Faltering

The US crude oil price looks set to extend the advance that began late last year amid attempts by Saudi Arabia to push prices higher.


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EURUSD Price Well Placed to Extend Gains

The EURUSD price seems likely to resume its advance after breaking above the 200-day moving average, with 1.16 the next target after dovish FOMC minutes that weakened USD.


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USD Price Analysis: Fed Shift to See USD Continue to Correct Lower

Fed commentary provides a reminder of a shift in Fed action with the central bank beginning to show flexibility. USD pressured amid unwind of Fed-Induced strength.


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EUR/USD Bullish Above 11450

The Euro is breaking into levels not seen in a while and with volatility having been compressed look for the move to have legs.


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Bitcoin, Ripple, Ethereum - Heavy Selling Slams Prices Lower

The cryptocurrency market is a sea of red this morning as sellers took back control of the space and sent prices spinning lower across the board.


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Wednesday, 9 January 2019

US Dollar Eyeing Powell Speech, Euro May Overlook ECB Minutes

The US Dollar is looking to a speech from Fed Chair Powell for direction cues. The Euro may overlook minutes from December’s ECB policy meeting.


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USD/NOK May Break Higher on Soft Norway CPI Data

USD/NOK may be given a small boost this Thursday as Norway prepares to release its year-on-year CPI report that may fall short of economists’ expectations.


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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...