The Aussie is soaring this morning following better than expected CPI data. Modest gains for the Pound today as markets assess Brexit developments.
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Wednesday, 30 January 2019
US Dollar (USD) Faces a Pivotal Few Days Including FOMC & NFPs
The US dollar index (DXY) remains in a tight range around the long-term moving average and with US GDP, the latest FOMC meeting and the Labour report on Friday, sharp breaks should not be discounted.
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Technical Forecast for Gold Price, Crude Oil, Dow Jones, DAX 30 & More
Gold is trading around a critical area, oil continues to consolidate, while indices maintain bids near resistance levels.
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Gold Price Analysis: FOMC May Spark Short-Term Pullback
Gold bulls expecting further upside in the short term could be left temporarily disappointed if the Fed is less dovish than what the markets expect.
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Eurozone Sentiment Misses Forecasts, EUR Shrugs
Various measures of sentiment in the Eurozone have come in mostly lower than expected but EURUSD has been little affected and will likely be driven by the USD side of the equation.
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Gold & Silver Price Analysis – Rallies Extending into Important Zones
The recent shot higher by precious metals has them trading around important longer-term resistance zones.
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GBPUSD Outlook Positive After Drop on Concerns About a No-Deal Brexit
Sterling was hit hard Tuesday by a perceived increase in the chances of a no-deal Brexit but has since stabilized and could well rally from here.
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EURGBP: Bearish Bias Remains Intact Despite Rebound
- EURGBP retains a negative bias for now although an important technical resistance level nears. A break higher changes sentiment.
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Tuesday, 29 January 2019
Crude Oil Prices May Focus on US, China Trade Talks for Direction
Crude oil prices may focus on US-China trade talks for direction cues amid a deluge of event risk including an FOMC rate decision and US GDP data.
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Asian Stocks Mixed As Investors Look To Trade Talks, Key Fed Meet
Asian shares put in a rather directionless mid-week performance which is perhaps not surprising given ths still-full economic calendar
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Brexit Votes Leave Pound Lower, Dow and Dollar Ready for Fed
The fundamental fireworks are only starting. We have already started the ball rolling through themes and high level event risk, but can the pressure from a EURUSD override oppression congestion?
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AUD/USD in Focus as Chinese Delegation Arrives in Washington
AUD/USD will be closely watched as Chinese Vice Premier Liu He and US officials meet to negotiate trade relations. This is also occurring against the backdrop of the Huawei scandal.
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Japanese Yen Technical Analysis: USDJPY Stuck, Can Fed Shift It?
The Japanese Yen has been effectively stymied between two key retracement levels for the last month. A break may be more dependent on fundamentals than on technical factors.
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AUD/USD Jumps CPI Data - Markets Eyeing US-China Trade Talks
The Australian Dollar jumped as year-on-year CPI came in better than expected. AUD/USD traders are now eyeing the upcoming trade talks between Beijing and Washington this week.
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Brexit Amendment Votes Spook GBP Traders, AUD/USD Eyes CPI Data
The British Pound tumbled as a series of Brexit amendment votes spooked investors. AUD/USD follow-through on CPI data may have to wait until RBA. Nikkei 225 still at risk to losses.
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Brexit Latest: GBP Falls After Favored Deal Amendments Rejected
The British Pound drops as odds of a no-deal outcome increase after Brexit deal amendment fails.
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Apple Stock Price Climbs on Earnings Beat, Dow Jones May Follow
Hotly anticipated earnings from the tech-giant Apple were released after market close Tuesday and impressed investors despite lingering growth concerns.
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Oil Carves Inverse Head-and-Shoulders Despite Venezuela Sanction
Recent developments keep the topside targets on the radar for crude oil as an inverse head-and-shoulders formation takes shape.
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Gold Price Technical Outlook: XAU Breakout Targets Initial Resistance
Gold prices are eyeing resistance targets that may cap the rally near-term. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.
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Bleak January US Consumer Confidence Helps Drag Stocks Lower
US Consumer Confidence Index collapses to its lowest level since July 2017 and reiterates the pessimistic tone that has stymied markets lately.
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