Thursday, 31 January 2019

After FOMC, US Dollar Holds Losses While Gold, Japanese Yen Outperform

It’s unusual for Gold, the Japanese Yen, and stocks to all be moving in the same direction.


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USD/CAD Bear-Flag Continues to Unfold as Fed Drops Hawkish Guidance

USD/CAD stands at risk for a larger correction following the Federal Reserve meeting as a bear-flag formation unfolds.


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EURUSD Curbed at Resistance, NFP Unlikely to Spark Volatility - US Market Open

USD is softer, alongside US yields following yesterday’s dovish FOMC meeting. The wait-and-see stance is in effect with the Powell and Co. signalling that they will be patient with rate hikes.


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US Crude Oil Price Benefiting From Venezuela Crisis, Stockpiles Data

Crude oil prices look to be heading higher on the US sanctions imposed on Venezuela’s state-owned oil company PDVSA and data showing a smaller than expected rise in US oil inventories.


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Gold Price Analysis: Fed Capitulation & Central Bank Buying Spree Maintains Bullish Outlook

The Federal Reserve doves have been set free following yesterday’s rate decision and Powell’s presser. Gold prices pushed higher, hitting highs of $1323 following the decision.


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Euro Eases Gently After Poor Eurozone GDP Data, Italy in Recession

EURUSD and the Euro cross rates are being driven principally by events in the US and Brexit but they still eased after another indication that the Eurozone economy is growing only slowly.


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GBPUSD Analysis: Bullish ’Golden Cross’ Taking Shape

A closely-followed bullish technical indicator is in the process of forming on the daily GBPUSD chart, suggesting higher prices lie ahead.


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Italy Enters a Technical Recession, EUR/USD Recovery Halted

As Italy’s Q4 GDP figures confirm it has entered in to a technical recession, weaker economic data from the Eurozone adds to the ongoing concerns about a slowdown in growth around the world.


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Trading Lessons All Traders Should Know - Alessio Rastani | Podcast

Alessio Rastani talks with Senior Analyst, Tyler Yell about bitcoin, technical analysis and the biggest lesson traders should know.


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DAX 30 & CAC 40 Charts: Channels Keeping Bullish Bias Intact (for Now)

The DAX and CAC have had reasons (resistance) for turning down, but as long as bullish channel structures remain in place.


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EURUSD Hitting Resistance After Dovish Fed Boost

A dovish press conference by Fed Chair Jerome Powell sent the USD scuttling lower late Wednesday, helping EURUSD back to the 1.1500 level and near the 200-day moving average.


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Euro May Drop with Stocks, Commodity Currencies on Soft GDP Data

The Euro may fall alongside stocks and commodity bloc currencies if soft fourth-quarter GDP data cools ECB rate hike bets and stokes global slowdown fears.


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Wednesday, 30 January 2019

British Pound at Risk on EU, UK Brexit Deal - Stalemate

The British Pound will be eyed by traders as the UK and EU attempt to reach a feasible Brexit deal before the deadline on March 29. The clock is ticking, and the outlook is as uncertain as ever.


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Most Asia Stocks Rise. US-China Trade Talks Next, S&P 500 May Fall

A cautious Fed led most Asia Pacific stocks higher except for the ASX 200. Ahead, S&P 500 might fall as US President Donald Trump and China’s Vice Minister Liu He have trade talks.


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Gold Prices Eye US, China Trade Talks After Fed-Inspired Surge

Gold prices soared following a seemingly dovish Federal Reserve policy announcement. The spotlight now turns to US-China trade talks in Washington, DC.


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Nikkei 225 Technical Analysis: Can Bulls Build On Solid Chart Support?

The Japanese equity benchmark looks quite composed at current levels, but it also has some key resistance close at hand which must be dealt with quickly


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AUD/USD Technical Analysis: Eyeing 0.73 After Swing High Break

The Australian Dollar is eyeing a return to the 0.73 figure after breaking chart resistance but longer-term positioning still favors a broadly bearish bias.


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Euro Vulnerable to EU Data Dump? Markets Eyeing Italian GDP

Is the Euro vulnerable to the cascade of European data scheduled to be released this week? Italian GDP will be monitored particularly closely given the controversial budget and state of the economy.


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Dollar Drops and S&P 500 Rallies on Dovish Fed, Euro’s Turn on GDP

The Fed decision proved a worthy fundamental spark for the Dollar and risk trends (like the S&P 500). The jury is still out on trends however. Ahead, it is the Euro’s turn to lead the docket with 4Q GDP figures.


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Fed-Boosted Australian Dollar Ticks Up On Modest China PMI Beat

The Australian Dollar had already risen sharply thanks to perceived rate dovishness from the Fed, but it rose again following China PMI data, despite news of further contraction in manufacturing


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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...