Gold is testing a critical support confluence at the yearly range lows. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.
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Wednesday, 23 January 2019
Oil Risks Larger Recovery as Inverse Head-and-Shoulders Takes Shape
Ongoing efforts by the OPEC and its allies may spur a larger recovery in crude oil prices as an inverse head-and-shoulders formation takes shape.
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Gold Prices Hover Near Key Support as DXY Index Stays Elevated
With USD/JPY rallying after the BOJ rate decision, the DXY Index has been able to maintain its break of the downtrend from the December high.
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3 Sterling (GBP) Pairs Traders Should Watch as Brexit Talks Continue
Sterling sentiment has taken another positive shift as Brexit deal negotiations evolve and traders should monitor these three GBP-pairs closely.
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Technical Outlook for Gold Price, Crude Oil, S&P 500, DAX 30 & More
Global indices at risk of further short-term weakness, crude oil as well, while gold tries to hang onto an important area of support.
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FTSE Chart Analysis –Weak Price Sequence off December Low
Price action in the FTSE since finding a low at the end of the year has a corrective look to it and suggests we soon see those lows sooner rather than later.
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EURUSD Price in Danger of Break Lower as ECB Meeting Approaches
The Euro is looking vulnerable ahead of Thursday’s European Central Bank monetary policy meeting.
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Sterling Price Latest: Easing No Deal Brexit Fears Boost British Pound (GBP)
Sterling continues to push higher and may break above an important technical indicator against the US dollar.
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USDJPY Outlook: Dollar Preferred to Yen by Risk-Averse Investors
Traders are continuing to shun riskier assets in favor of safe havens but the Japanese Yen is benefiting less than the US Dollar as concerns rise about the Japanese economy.
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Yen Rise May Resume as Market Sentiment Sours Anew
The Japanese Yen may return to the offensive as market sentiment sours anew. An anxious mood at the World Economic Forum in Davos may trigger the rout.
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Global Market Volatility: Fed Insider Shares Why 2019 Could Be Pivotal
Former Federal Reserve advisor, Danielle DiMartino Booth provides insight on volatility, central banks and modern-day investing
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Tuesday, 22 January 2019
Gold Prices Look to Davos Economic Forum for Direction
Gold prices are looking to soundbites from the World Economic Forum in Davos, Switzerland to set the bearing for market-wide risk appetite.
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AUD/JPY Technical Analysis: Bearish Outlook for 2019
AUD/JPY may suffer as economic growth in the world - and particularly China - slows down amid broader risk in geopolitics and trade affairs.
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Brazilian Real Eyes Inflation Data, Bolsonaro Speaks at Davos
The Brazilian Real may rise on Wednesday upon the release of Brazil’s inflation report. Investors rejoiced after Bolsonaro’s speech at the World Economic Forum in Davos, Switzerland.
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Among Emerging Market Currencies, USDMXN Is a Pair to Watch
In the hierarchy of risk-connected assets, emerging markets have proven one of the most productive (bearish) markets. And, within this vast group, one of my favorite outlets is USDMXN.
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Trade War Rumors Return, S&P 500 Drops on Week’s First Session
The return of liquidity did few favors for the burgeoning risk appetite reach. A backlog of concern over Chinese GDP from Monday met fresh rumors (this time bad) on trade negotiations to trigger a retreat in risk.
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EUR/USD Technical Analysis: Trend-Defining Support Under Fire
The Euro is pressuring support guiding a two-month rise against the US Dollar, with a break lower opening the door for resumption of the longer-term down trend.
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Davos 2019: Global Growth, Political Risks Front and Center
Global leaders gather at the 2019 World Economic Forum in Davos, Switzerland which kicked off its annual 4-day conference discussing economic policy and political agendas today.
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NZD Spikes After Inflation Reported Higher Than Expected
New Zealand CPI beat expectations and reinvigorated NZD bulls on the prospect of the country's central bank growing less dovish.
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Government Shutdown Weighs on GDP, Business-Leader Confidence
As the government shutdown drags on, investors are becoming increasingly concerned with the likelihood of a recession as business leader confidence dips.
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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...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....