Risk assets have extended their recovery with the S&P 500 leading the way with its biggest six-week climb since August 2008. Is there enough fundamental lift to sustain this run or for the Dollar to keep beating back a bearish break?
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Friday, 1 February 2019
New Zealand Dollar Weekly Technical Forecast: NZDUSD Rally May Stall at Resistance, NZDCAD to Test Support
NZDUSD may stall at near-term resistance as the fundamental tailwinds that spurred the rally fade. The pair now rests between key technical levels.
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Canadian Dollar May Be Torn Between Upbeat Local and US Econ Data
The Canadian Dollar rose as a relatively dovish Fed boosted sentiment and crude oil prices. Focus shifts to local and US economic data next week. S&P 500 may struggle to keep rising.
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AUD/USD and AUD/JPY May Extend Climbs as AUD/CAD Holds its Ground
After a strong week for the Australian Dollar, it may add gains versus the US Dollar and the Japanese Yen as the Canadian Dollar holds its ground. I cover AUD/USD, AUD/JPY and AUD/CAD.
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Australian Dollar Could Wilt If Focus Returns To Interest Rates
Australian Dollar bulls have had a great week as various stars align over their currency, taking it up to two-month highs against the greenback. Can they count on more of the same? Possibly not
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FX Week Ahead: RBA & BOE Rate Decision; Canadian & New Zealand Jobs
Central banks come in focus in the week ahead, although attention will still remain on Brexit, the US-China trade war negotiations, and the impending US government shutdown.
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Canadian Dollar Weekly Outlook: USD/CAD Breakdown Targets Key Support
Loonie has topped the performance charts against the USD year-to-date with price now targeting 13-week lows. Here are the levels that matter on the USD/CAD weekly chart.
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Will a Global Downshift in Monetary Policy Prop Stocks, Risk Trends?
Following the Fed’s signal that it was shifting to a path of ‘patience’, the market raised efforts to chase the same risk-leaning assets it had attached to complacency in years’ past. Yet, push comes to shove, there is little room to effect a financial and economic save.
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S&P 500 Marches on as Fed Caves on Policy Tightening
Markets had expected a dovish FOMC meeting and that is exactly what they got, with Powell and Co. not only providing a dovish signal but going one step further.
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USD/JPY Forecast: Post-NFP Rebound at Risk on More Dovish Fed Rhetoric
The USD/JPY flash-crash rebound may continue to unravel over the coming days as the Federal Reserve drops the hawkish forward-guidance for monetary.
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USD and S&P500 Jump on ISM Manufacturing Beat
Stocks and the US Dollar are marching higher after the ISM Manufacturing Index for January beat expectations.
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GBP Underperforms, NFP Fails to Support USD - US Market Open
GBP underperforms amid EURGBP buying and soft Mfg. PMI, while USD fails to find support from NFP, eyes on US ISM Mfg.
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US Dollar Sideways as January Jobs Report Paints Mixed Picture
The impact of the US government shutdown is still up for debate; traders have little faith in the data.
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Post-Fed USD Weakness to Persist on Slowing U.S. Non-Farm Payrolls (NFP)
Updates to the U.S. Non-Farm Payrolls (NFP) report may do little to boost the appeal of the U.S. dollar as the economy is anticipated to add 165K jobs in January.
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Charts for Next Week: USD/CAD, AUD/USD, Gold Price, Dow Jones & More
USD/CAD is running lower into support, AUD/USD higher into resistance, gold price extended, while the Dow battles at important confluent resistance.
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Bitcoin (BTC) Price May Re-Test Recent Multi-Month Low
Bitcoin remains in a tight trading pattern and if history is anything to go by another fall is possible in the coming weeks.
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GBPUSD Bulls Dented as Risks Imply Manufacturing Sector Recession
GBP Drops as Manufacturing PMI misses, while IHS see clear risk of manufacturing sector recession. GBPUSD tests key 200DMA .
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FTSE Chart Analysis – Trading at Confluence of Resistance
The FTSE has been generally undergoing see-saw price action, can a higher low forge into a higher high or will resistance keep a lid on further upside?
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Euro at Risk on CPI, Dollar and Yen May Rise on US Data
The Euro may fall further as soft inflation data cools ECB policy bets. The Dollar and Japanese Yen may rise as US economic data cools risk appetite.
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Thursday, 31 January 2019
Risk Trends Rise with Equities as Facebook and Amazon Earnings Beat
Earnings are playing an opportune role to support pre-existing bullish appetite. Facebook offered fuel Thursday and now Amazon can take the baton if bulls are still in charge. Meanwhile EURUSD will shift focus from Italian GDP to US NFPs.
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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 Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...