Wednesday, 13 February 2019

US Dollar Rally Resumes as S&P 500 Looks More at Risk to Reversal

US Dollar resumed rally as CPI report reduced dovish Fed policy bets, sapping upside potential from the S&P 500 which looks more vulnerable. Asia Pacific stocks may trade lower.


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Crude Oil Price May Falter as IEA Forecasts Supply Swamp

The International Energy Agency found it may be difficult for the energy market to absorb newfound crude supply from non-OPEC members.


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NZDUSD Elliott Wave Analysis: Triangle Takes Over

NZDUSD appears to be carving a bullish triangle wave in Elliott wave terms. This implies sideways consolidation and eventual break higher while holding above .6423.


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EUR/USD Snaps 2019 Opening Range Ahead of Germany GDP Report

Fresh data prints coming out of the euro-area may shake up EUR/USD as Germany, Europe’s largest economy, is expected to avoid a technical recession.


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NZD/USD Rallies on Mixed RBNZ Guidance- Orr Testimony in Focus

The testimony with RBNZ Governor Adrian Orr may continue to shake up NZD/USD as the central bank warns that the next move in the cash rate ‘could be up or down.’


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GBPUSD: Cable Catches Support at Key Zone - Can Bulls Hold the Line?

Cable sellers have been snared at another key area of support, but with USD strength continuing to show, that zone looks to soon come back into play.


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Gold Price Technical Outlook: XAU/USD Breakout Imminent

Gold prices are in consolidation within a well-defined monthly opening range. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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DJIA: Dow Rally Drives into Resistance - Can Bulls Continue to Push?

Equity rallies have driven US stocks up to fresh two-month-highs, and the Dow is now testing the 88.6% Fibonacci retracement of the December sell-off.


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USDJPY Rallies to Fresh High as EURUSD Tilts Back-Below 1.1300

The bullish trend in teh US Dollar pulled back yesterday; but buyers appeared to remain motivated as support began to develop off of last week's resistance.


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Top 5 Benefits of Using Entry Orders in Forex Trading

Forex entry orders can increase the risk reward potential of a trade, while saving you valuable time and money.


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US Dollar Gains Ground as January CPI Beats, Government Shutdown Avoided?

Price pressures came in higher than anticipated in January, helping underpin a bullish reversal in the DXY Index.


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GBPUSD Spikes Higher, NZDUSD Outperforms, EURUSD Soft - US Market Open

NZD soars following RBNZ, GBPUSD spikes amid touted Fix related buy orders in quiet trade. Euro soft as markets digest Spanish snap elections.


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Spanish Politics: Negative for Madrid Stocks, Positive for Government Bonds

The prospect of early Parliamentary elections in Spain is bad news for the Madrid stock market, good for Spanish government bonds and potentially adverse for the Euro.


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Technical Outlook for Gold Price, US & UK Crude Oil, S&P 500 & More

Gold is sitting on support, crude oil contracts trying to mount a rally, while the S&P 500 looks to continue pushing higher with a key area ahead.


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Bitcoin (BTC) Price Stuck, Nasdaq Announces BTC and ETH Pricing

Bitcoin remains in a two-month range with little to suggest that a break-out is imminent in the near-term, while Nasdaq will launch Bitcoin and Ethereum real-time indices on February 25.


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Crude Oil Analysis: Bulls Eye Break of Crucial Resistance for Fresh 2019 Highs

While yesterday’s jawboning from OPEC continues to keep the oil complex bid. The improvement in the global risk tone has also provided a lift for Brent crude futures.


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GBP Shrugs off Weaker UK Inflation as Prospect of No-Deal Brexit Recedes

UK inflation eased to 1.8% year/year in January, below the 2.0% expected, but the Pound edged only marginally lower, supported by comments Tuesday suggesting that a no-deal Brexit in March is unlikely.


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Long vs Short Positions in Forex Trading

Learn the difference between long and short positions in forex trading, including how to trade them.


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Gold & Silver Price Analysis – Support Test Pass or Fail? We’ll Soon Find Out

Precious metals continue to hold support as they consolidate, but if they sit here for too long then risk rises that a breakdown will develop instead of a run higher.


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EURUSD Price Action Not Convincing, Further Downside Likely

Tuesday’s EURUSD bounce back above 1.1300 looks likely to be short-lived with the next set of heavyweight EU data on the horizon.


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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...