Monday, 11 February 2019

Battered AUD Takes Comfort From Modest NAB Confidence Beat

The poor old Australian Dollar will clearly take any good news it can get at this point, with a very modest revival for NAB’s business confidence indicator bringing out the bulls


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USD Clears Resistance with DAX, Euro Stoxx 50 Unexpectedly Surging

European stocks unexpectedly rose as DAX, Euro Stoxx 50 rallied almost 1%. Asia stocks may trade mixed. US Dollar extends winning streak to best since 2016, key resistance cleared.


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EUR/USD Weekly Price Outlook: Euro Challenges 1.13 Support Pivot

Euro is attempting to break below a critical support zone with price testing fresh nine-week lows. Here are the levels that matter on the EUR/USD weekly chart.


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Bitcoin: Traders Remain Net-Long

Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.


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Bearish Impulse Hits S&P 500 Rally; EURUSD and DXY Diverge

The SP 500 rally has pressed limits to an immediate extended third wave correction though short term evidence of bearish impulse builds. EURUSD has failed to confirm the December 14 DXY price extreme.


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EUR/JPY: Bounce Finds Sellers Sub-125, Break on the Horizon?

After a significant surge of Yen-strength to start the year, EUR/JPY has spent much of the time since in varying forms of recovery.


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EUR/USD: Traders Net-Long Increase from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.


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FXWeek Ahead - Top 5 Events: RBNZ Meeting; UK & US CPI; Eurozone GDP

A variety of influences lies ahead for FX markets, including the possibility of another US government shutdown.


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Weekly Trade Levels for DXY, EUR/USD, USD/CAD, Gold, Crude Oil & More

Webinar highlighting active trade setups we’re tracking this week. Here are the updated targets & invalidation levels that matter on the technical charts.


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S&P 500 : Suggest a Mixed Trading Bias

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.


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UK Week Ahead: USD, Data and Brexit Hurt Sterling (GBP) | Webinar

GBPUSD starts the week lower after a disappointing UK Q4 GDP release while the US dollar continues to push higher.


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USDJPY to Fresh 2019 Highs as EURUSD Tests Below 1.1300

US Dollar Bulls continue to push towards the 2019 high, and a slew of Fed speakers on the calendar can continue the USD volatility throughout this week.


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USD Remains King, CHF Flash Crash, GBP & EUR at Crucial Support - US Market Open

USD has begun the week on the front with major G10 currencies softer across the board. GBP briefly dips on poor data, while CHF sees early week flash crash.


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EUR/USD Volatility, The Good News and Bad News

Volatility in the Euro hasn't been very kind to directional traders in recent months, but it's at an extreme that suggests we'll see a move, eventually.


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FTSE Chart Analysis – Resistance May Continue to Keep a Lid on the Market

The FTSE's climb was halted at resistance last week, and with today's push higher it is being revisited again already; but can it climb above or just another test?


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Sterling (GBP) Struggles After Weak Q4 UK GDP Data

UK Q4 GDP data disappointed, turning negative on a month-on-month basis, leaving Sterling under renewed downside pressure.


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Crude Oil Price: US-China Trade Fears Capping Crude Oil For Now

Crude oil remains stuck in a range, but still keeping recent gains, as waning supply battles with heightened US-China trade war fears.


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GBP Technical Analysis Overview: GBPUSD, GBPJPY, EURGBP

GBPUSD downside break could spark a test of the low 1.28s, while GBPJPY bearish bias has eased as key fibo holds. EURGBP fails to hold above 0.8800.


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GBP/USD Eyeing UK Data Dump - Brexit Update: Debate on Friday?

GBP/USD is holding steady as traders wait for the UK’s data dump which includes GDP and Industrial Production. This week, parliament may hold a debate on the current Brexit deal.


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Sunday, 10 February 2019

Japanese Yen May Move More than British Pound on UK GDP Data

Sentiment-linked currencies like the Japanese Yen may find more market movement than the British Pound if UK GDP data disappoints, stoking global slowdown fears.


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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...