Friday, 11 January 2019

US Dollar Bounces Back Despite Drop in Inflation - Options Expiry in Play

Amid disappointing inflation figures and no clear evidence that the US government shutdown is ending anytime soon, the greenback has surged seemingly out of nowhere this morning.


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GBP Rollercoaster on Potential Brexit Delay - US Market Open

GBP jumps on reports suggesting Article 50 extension, however, the rise had been pared marginally after PM Spokeswoman rules out extension.


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Slowing U.S. Consumer Price Index (CPI) to Fuel EUR/USD Breakout

Updates to the U.S. Consumer Price Index (CPI) may fuel the recent breakout in EUR/USD as the headline reading is projected to slow to 1.9% from 2.2% in November.


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Charts for Next Week: EUR/USD, Yen-crosses, Gold Price, Crude Oil & More

The Euro is in breakout territory and looking to extend, a couple of JPY-crosses are at resistance levels worth noting, gold holding strong, and crude oil looking to pull back off resistance.


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EURUSD Price Outlook: Unable to Make a Decisive Break Higher

EURUSD continues to struggle to make a conclusive break above an important technical indicator and needs a positive fundamental jolt to move higher.


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FTSE Chart Analysis – Rally Becoming Extended as Resistance Shows Up

The bounce in the FTSE off the lows has it propelling towards trend-line resistance, looking due for a pullback soon.


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Sterling (GBP) Ignores UK GDP Data, Eyes Brexit Bill Vote

The UK economy grew by 0.3% in the three months to November 2018 with manufacturing and car production holding the economy back.


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Crude Oil Price Outlook: Resistance Broken, Further Gains Ahead

Oil’s bull run continues with Brent crude taking out a noted level of resistance and pushing back to levels last seen in early December.


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AUDUSD Rises on Fed Doves and Trade War Optimism, However, Downtrend Remains Intac

The Australian Dollar has continued its rise against the greenback amid the continued optimism surrounding trade wars, while Fed-induced USD strength continues to unwind.


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Thursday, 10 January 2019

NZD/USD Technical Analysis: NZ Dollar Upswing May Soon Fizzle

The New Zealand Dollar has mounted a spirited recovery against its US counterpart but near-term chart positioning hints downtrend resumption may be brewing ahead.


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US Dollar May Extend Recovery on Firm CPI Report

The US Dollar may extend yesterday’s Fed-inspired recovery as December’s CPI data argues against the dramatic drop in rate hike expectations.


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Asian Stocks Mostly Catch Wall St Optimism, US CPI Up Next

Most Asian Stocks got a predictable boost from the five-day US winning streak that greeted traders returning to the fray on Friday


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USD/BRL May Jump on Brazilian CPI Data - Policy Reform in Focus

USD/BRL could see an uptick upon the release of Brazilian CPI data that may fall short of economists’ expectations. The new government’s policy reforms will be in focus for BRL bulls.


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Fed-Induced Crude Oil Price Rise at Risk as China, US Demand Ebbs

The rally in crude oil prices, the best winning streak since 2012, is undermined by economic weakness in China and slowing growth in the US. They are the largest consumers of oil.


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Dubious of EURUSD’s Breakout, Should I Fade It?

EURUSD finally cleared a multi-month range with explicit technical implications, but the breakout appeal this pattern may harbor for many is proving


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Dow and Dollar in Holding Pattern as US Government Shutdown Matches the Record

Risk trends and US indices are still pointing higher despite the threat from the US government shutdown and trade wars. How long can this charge last, and why isn’t the Dollar suffering by association?


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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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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...