The Australian Dollar may be resuming the downtrend against its US counterpart. Sellers might be looking for a near-term bounce to create a trading opportunity.
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Friday, 8 February 2019
Thursday, 7 February 2019
Euro May Fall with Commodity Currencies on Italian, French Data
The Euro may fall with commodity currencies like the Australian Dollar as soft data from Italy and France revives budget woes and amplifies risk aversion.
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Asian Stocks Wilt As US China Trade Fears Resurface, AUD Slides
Asia Pacific equity faced a tough end to the week as hopes for trade rapprochement between Washington and Beijing appeared to be premature
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EUR/GBP Technical Analysis: Will the Dominant Downtrend Resume?
The Euro is attempting to resume its dominant downtrend against the British Pound, but more closes to the downside in EUR/GBP are required before arguing that pair may reverse lower.
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Gold Prices May Rise as Bond Yields Drop in Risk-Off Trade
Gold prices may rise as bond yields decline amid souring sentiment across financial markets, boosting the appeal of non-interest-bearing assets.
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What to Expect from EURUSD Run, GBPUSD Stall and S&P 500 Correction Friday
Trade wars and global monetary policy are competing for the attention of the markets sparking equal parts speculation and fear. Caught up in the middle of it all are risk assets like the S&P 500 as well as key currencies like EURUSD and GBPUSD.
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AUD/USD Snaps Upward Trend as RBA Cuts Growth & Inflation Forecast
The AUD/USD flash-crash rebound may continue to unravel following the fresh updates from the RBA as both price and the RSI snap the upward trends from earlier this year.
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Australian Dollar Whacked By RBA Again. Growth, CPI Calls Slashed
The Australian Dollar was hit earlier this week by the RBA’s belated admission that record-low interest rates could yet fall. It’s just been clobbered again, by an arguably equally belated round of forecast cutting
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3 Things Currency Traders Need to Know - Asia Pacific Market Open
Sentiment soured across financial markets after the BoE rate decision, Brexit headlines and the latest US-China trade news. Nikkei 225, APAC equities and AUD/USD are at risk.
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FX Price Action Setups in USDCAD, USDJPY and EURJPY
It’s been a busy past week of price action for US Dollar bulls, as prices put in a consistent up-trend after putting in a higher-low last Thursday.
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Japanese Yen Weekly Price Outlook: Pending USD/JPY Range Break
Dollar is virtually unchanged vs the Japanese Yen a month into 2018 with price holding a well-defined range. Here are the levels that matter on the USD/JPY weekly chart.
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DXY Index Runs into Symmetrical Triangle Resistance and Rally Halts
The US Dollar’s week-long rally has run into its first obstacle, with key technical resistance constraining the DXY Index.
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Becoming a Better Trader – Rules to Trade By
In this webinar, I discussed a few important tenets and ideas that traders of any style can use to help develop their methodology and approach to markets.
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USD in Demand By Default, CAD Drops, GBP Short Coverered - US Market Open
The US Dollar continues to extend on its recent gains with the greenback. Softer oil prices and wider bond spreads have not boded well for CAD.
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S&P 500 : Suggests a Bullish Trading Bias
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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GBPUSD Bounces at Support; US Dollar Hits Resistance at Monthly Highs
The week-long rally in the US Dollar has continued, and the currency is now trading above two resistance levels of note.
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GBPUSD Drops as BoE Slashes Growth Forecasts Amid Brexit Risks and Slowing Economy
GBPUSD falls to intra-day lows as BoE downgrades economic forecasts given the uncertainties surrounding Brexit and the slowing of the global economy.
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Technical Outlook for S&P 500, Dow Jones, and Nasdaq 100
Extended has become more extended as new resistance levels come into view, still waiting on price action to suggest the rally is due for a breather or over.
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GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP
GBPUSD losses curbed by key Fibo, while topside resistance keeps EURGBP upside limited.
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