Thursday, 17 January 2019

Will NOK Find Lifeline in New Norway Government?

Will NOK’s projected downward movement in 2019 be reduced by the newly established conservative majority government in Norway?


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Gold Prices Unable to Capitalize on US Dollar Pullback

Gold prices are struggling for direction as the US Dollar shows itself to be the more explicit risk-off asset, trading inversely of Treasury bond yields.


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SEK Traders Now Turning Heads Away from Riksdag to Riksbank?

With the end of the gridlock in sight, SEK traders will now have to worry less about the political risk in Sweden and can divert their full attention to the Riksbank’s policy.


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EUR/USD Technical Analysis: Euro Sellers Take Aim at Key Support

The Euro has slumped back toward key support after failing to make good on an upside range break. Clearing this hurdle may mark long-term downtrend resumption.


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US Rolling Back Tariffs Rumor May Fuel Risk Aversion in Asia Trade

Stocks, foreign exchange markets went for a wild ride on rumors of US rolling back Chinese tariffs. Ensuing disappointment may fuel risk aversion next as S&P 500 futures point lower.


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Netflix Misses on Q4 Earnings, Shares Slump but Lack Familiar Volatility

Shares of the media streaming and production company Netflix traded lower after a near-miss on fourth quarter earnings. Despite the miss, Netflix’s volatility was muted.


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US Stocks Temporarily Soar on Rumor US May Roll Back Chinese Tariffs

US stocks go on a roller coaster ride as conflicting trade war headlines cause markets to whipsaw.


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GBP/USD Price Outlook: Pound Testing Key Resistance Amid Brexit Talks

Cable is up 1.6% YTD with price testing major trend resistance as Brexit talks break down. Here are the targets & invalidation levels that matter on the GBP/USD charts.


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Gold Prices Vulnerable Ahead of FOMC as Bullish Momentum Abates

Gold stands at risk for a larger pullback ahead of the Federal Reserve meeting as the bullish momentum appears to be abating.


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GBPCHF Price Chart: Potential for Break to the Upside



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No News is Good News for the US Dollar; Pound Edges Higher

The US economy was starting to slow at the end of Q4’18, and the government shutdown is doing no favors for growth momentum.


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GBP Jumps on 2nd Referendum Hint, Oil Drops Amid OPEC Report - US Market Open

Safe haven demand is supporting the Japanese Yen this morning, which outperforms vs G10 currencies. GBP Jumps as Jeremy Corbyn hints at second referendum.


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Fundamental vs Technical Analysis: Which is Better at Predicting Market Prices?

Some market forecasters swear by technical analysis; others look only at the fundamentals. So which are better at anticipating future asset-price movements?


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Fundamental vs Technical Analysis: Which is Better at Predicting Market Prices?

Some market forecasters swear by technical analysis; others look only at the fundamentals. So which are better at anticipating future asset-price movements?


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Brexit Latest: ’Hundreds of Thousands of Jobs’ at Risk - German BDI

The influential German industry body, BDI, has warned that a Hard Brexit would jeopardize hundreds of thousands of jobs in Germany and the UK.


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Gold Price Analysis: Bullish Breakout on Horizon Amid Golden Cross

Consolidation has been the trade for Gold since the beginning of the year, with prices continuing to oscillate between $1280 and $1295. However, bullish breakout is on the horizon.


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EURGBP Price: Close to Support, Rally Now Possible

The EURGBP cross remains in a downward trend but is well placed to rally after touching its lowest level since late November last year.


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FTSE Chart Analysis – Pressure on for Now, Watch for Higher Low

The recent reversal around resistance keeps a lid on the FTSE for now but a higher low may soon form; headlines are an obvious risk factor to be mindful of.


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EURUSD Price May Fall Further as Inflation Remains Low

EURUSD is likely to come under further selling pressure before and after the latest Euro Zone inflation release, which is expected to show price pressure remaining weak.


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Wednesday, 16 January 2019

Yen, US Dollar Rise as Market Mood Sours Despite China Stimulus

The anti-risk Japanese Yen and US Dollar rose as a burst of monetary stimulus from China failed to allay global slowdown fears. More of the same looks likely ahead.


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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...