Sunday, 10 February 2019

Crude Oil Price Drop May Continue if UK GDP Data Disappoints

Crude oil prices may continue to fall after hitting a three-week low if disappointing UK GDP data amplifies fears about a global slowdown in economic growth.


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Asian Stocks Mixed As Trade Concerns Remain Key, USD Higher

Asian stocks were a bit directionless overall as investors looked to yet another round of trade talks between China and the US, set to kick off this week in Beijing.


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EUR/USD Technical Analysis: Three-Month Support Under Pressure

The Euro is pressuring support guiding it higher against the US Dollar since mid-November after rejection at trend resistance triggered a five-day losing streak.


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ASEAN FX Eye Stock Losses, USD Gains. Crude Oil Fall May Boost PHP

Stocks look more vulnerable, opening the door to US Dollar gains versus ASEAN currencies. Sentiment-linked crude oil prices may fall with weak demand, benefiting the Philippine Peso.


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USD/NOK Eyeing Norway CPI - Slower EU Growth May Hurt Nordics

The Norwegian Krone will be closely eyeing tomorrow’s CPI data as the European economy slows down and may begin to weigh on Norway’s performance.


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Australian Dollar Crushed. Did RBA Want Just That All Along?

The Australian Dollar wilted last week as the Reserve Bank of Australia altered course on interest rate guidance and lowered forecasts. But was all quite as it seemed?


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3 Things Currency Traders Need to Know - Asia Pacific Market Open

The DAX had its lowest close in over three weeks after dismal French, Italian data. The S&P 500 still pulled through. The stall in the Nikkei 225 is quickly turning into a descent.


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XAU Breakout Stalls at Resistance

Gold is carving a monthly opening-range just below Fib resistance and keeps the price breakout vulnerable. Here are the levels that matter on the XAU/USD weekly chart.


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Sterling Weekly Technical Outlook: GBP Down But Not Out

Sterling-pairs have had a mixed week with GBPUSD breaking through support before starting to reclaim some of its weekly losses.


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Sterling Weekly Technical Outlook: GBP Down But Not Out

Sterling-pairs have had a mixed week with GBPUSD breaking through support before starting to reclaim some of its weekly losses.


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Euro Forecast: Revisions to GDP Data to Underscore Weakening Environment

The economic calendar contains few items of interest in the coming days, but revisions to the Q4’18 German and Eurozone GDP releases should keep help keep pressure on the Euro.


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Weekly Technical Forecast: Equities, Crude, Currencies Signal Tentative Reversal

The S&P 500 and Dow put in for tentative but high profile reversals this past week. Amid a steady decline in volatility and volume readings, the early vestiges of a turn will draw greater scrutiny. The question on traders minds across markets is whether there is momentum behind this shift via underlying risk trends. If so, the activity won’t be isolated to equities.


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Weekly Fundamental Forecast:Trade Wars, GDP, Monetary Policy Active Threats Ahead

While there were a number of top fundamental events on the docket this past week, the systemic themes were notably less active in the headlines. That is set to change for the week ahead between fears over issues ranging from trade wars to Brexit to systemic monetary policy triggered by important meetings and key data. Beware complacency.


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New Zealand Dollar Weekly Technical Forecast: NZDUSD Forms a Wedge, NZDJPY Rests on Support

Technical levels will dictate the depth of price action this week as the New Zealand Central Bank will offer commentary on its Official Cash Rate.


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S&P 500, DAX, FTSE MIB

S&P 500 saw limited follow through above 2700, key support at 2675. Heavy selling in the DAX on at the backend of the week. FTSE MIB on course for 19000.


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Dow Jones Looks to Trade Wars, DAX and Nikkei to GDP Data

Trade wars and economic growth will be at the forefront of concerns for equity markets across the globe next week as Germany attempts to stave off a recession and avoid tariffs.


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Dow Jones Looks to Trade Wars, DAX and Nikkei to GDP Data

Trade wars and economic growth will be at the forefront of concerns for equity markets across the globe next week as Germany attempts to stave off a recession and avoid tariffs.


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Saturday, 9 February 2019

Euro to Bounce off Support Next?

The Euro traded lower last week off resistance, next week could bring a thorough test and bounce off support; a break below would be reason to finally gear up for a momentum move.


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XAU Breakout Stalls at Resistance

Gold is carving a monthly opening-range just below Fib resistance and keeps the price breakout vulnerable. Here are the levels that matter on the XAU/USD weekly chart.


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Gold Price Forecast: Bull-Flag Unfolds as Fed Warns of ’Muted’ Inflation

Fresh data prints coming out of the U.S. economy may heighten the appeal of gold should the developments dampen bets for a Federal Reserve rate-hike.


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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...