The Australian Dollar was hit by its home Reserve Bank’s acknowledgement that rates may yet retreat from their current, record low point.
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Tuesday, 5 February 2019
S&P 500 Notches Fresh Two-Month High as VIX Drops, UN Issues Stark Trade War Warning
The markets continue to edge higher but enthusiasm is critically lacking in this crawl higher. Will warnings over trade wars from the UN or events like the upcoming Powell town hall spur market’s to action?
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US Dollar May Rise Versus the Malaysian Ringgit, Indonesian Rupiah
The US Dollar may be readying to climb against some of its ASEAN FX peers. Meanwhile the near-term uptrend in USD/SGD faces its next critical barriers as USD/PHP is back at square one.
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ASX 200 Technical Analysis: Gains Still Short Of Key Resistance
The ASX 200 had put in some impressive gains this week but it has yet to surmount key resistance and could probably use some time out before it can reliably do so.
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NZD/USD Technical Analysis: Double Top Forming Below 0.70?
New Zealand Dollar technical positioning hints prices may be carving out a double top below the 0.70 level against the currency’s US counterpart.
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EUR/USD Eyeing Germany Factory Orders as EU Slows, Risks Rise
EUR/USD may move on Germany’s Factory Orders data after the Eurozone’s largest economy narrowly missed a recession last year and major European economies sputter.
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UK PMI Miss Boosts Equities, AUD/USD May Rise Before Trump SOTU
UK PMI data sunk GBP/USD before the ‘Super Thursday’ BoE rate decision, stocks rose. RBA Governor Philip Lowe may boost AUD/USD, all eyes on Donald Trump’s State of the Union address.
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FX Price Action Setups in USD/JPY, AUD/USD and USD/CAD
Risk on has taken hold across equities, but many FX markets remain in some state of mean reversion. In this webinar, the US Dollar was the centerpiece.
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Canadian Dollar Price Outlook: USD/CAD Testing Key Trend Support
Price continues to trade within a descending channel with the decline eyeing slope support. Here are the targets & invalidation levels that matter on the USD/CAD charts.
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Gold Risks Larger Pullback as RSI Falls Back from Overbought Territory
Gold prices stand at risk for a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory.
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US Stocks Continue Advance Despite ISM Services Index Miss
The January ISM Non-Manufacturing Index missed expectations and showed the services sector performance declining for the second consecutive month.
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AUDUSD Bulls Push the Bid from Key Support as USDJPY Re-Tests 110.00
While US equities have continued their 2019 rallies, many FX pairs remain mired in some form of consolidation. Can breakouts be near in pairs such AUD/USD or USD/JPY?
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AUDUSD Outperforms, GBPUSD Breaks Support, EURUSD in Limbo - US Market Open
The Australian Dollar is among the best performers this morning following the RBA’s statement. Hat-trick of weak UK PMI surveys sees GBPUSD make a decisive break below the 200DMA
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Market Sentiment Positive as Risk Aversion Declines | Webinar
Traders are becoming more confident in the markets, lifting stocks and the US Dollar, but the British Pound is out of favor.
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Crude Oil Price Outlook: Rising on Positive Fundamentals & Technicals
The outlook for the US WTI crude oil price remains bright on tight supplies and the turmoil in Venezuela, while the technical picture is still constructive.
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Technical Analysis for EUR/USD, USD/CAD, AUD/NZD & More
The Euro is weakening off trend resistance, USD/CAD trying to strengthen off support, AUD/NZD is proving weak so far off support; other technical developments discussed as well.
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EURUSD Price Analyis: Lack of Bullish Impetus Limits Near-Term Range-Break
Despite the slightly better than expected Eurozone services and composite PMI figures, the Euro remains in limbo, with the subdued readings unlikely to ease fears over a slowdown within the Eurozone.
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Brexit Latest: Chancellor Merkel’s Optimistic Talk on Irish Backstop
The German Chancellor said that there is still time to find a way forward on the Irish backstop problem but that it may depend upon the structure of any future trade deal.
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Interest Rates and the Forex Market
Interest rates move the forex market. Learn about interest rate hikes and cuts and market expectations.
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Elliott Wave Analysis with Paul Bratby | Podcast
Learn from Paul Bratby, founder of Trade The Fifth, about Elliott Wave, its benefits and how to use it for your own trading.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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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....