Friday, 15 February 2019

Crude Oil Forecast: The 2019 Crude Bull Market Has Arrived

There you have it! Crude has gained 21% year to date after the US noted new possible sanctions for Venezuela’s PDVSA and that Saudi could cut production further.


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Crude Oil Price Tied to Non-OPEC Supply Concerns, Lower Demand

Crude oil will take its price cues from the ongoing concerns on increased supply from non-OPEC sources.


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Are a Dow Return to Record, Dollar Breakout Possible This Week?

This past week closed with a strong charge higher for the Dow and crude while typical offsets in gold and the Dollar were also firm. This collective climb will not likely last forever, but what markets continue and which falter?


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My Top 3 Charts to Watch Over the Coming Week

With US indices climbing rapidly, emerging markets ready to close the speculative gap and other charts running or gearing up for a charge; what three charts are at the top of my watch list moving forward?


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Stock Market Fund Flows May Suggest the Dow Jones is at a Crossroads

Exchange traded fund flows appeared muted this week, a stark contrast from the record outflows notched just two weeks ago.


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AUD/USD Eyes Resistance, AUD/NZD Resumes Fall, GBP/AUD May Bounce

AUD/USD sought to reverse losses this past week but stopped short of key resistance. AUD/NZD is a step closer to resuming its dominant downtrend. GBP/AUD may bounce in the near term.


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Australian Dollar May Head Lower If RBA Jawboning Starts Anew

The Australian Dollar has just come through a rather more peaceful week than the preceding one but could fall once more if the RBA continues to highlight the benefits of a weaker currency.


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FX Week Ahead - Top 5 Events: EZ ZEW Survey, FOMC Minutes, Aussie Jobs & More

There are several 'high' rated events on the calendar over the coming week, but most of them are clustered together on Thursday.


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AUD/USD Rate Rebound at Risk on Dovish RBA Minutes, Lowe Testimony

Fresh comments coming out of the Reserve Bank of Australia (RBA) may rattle the recent rebound in AUD/USD as the board alters the forward-guidance for monetary policy.


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FX Setups for the Week of February 18, 2019

US Dollar strength remained a prominent theme in the early portion of this week, leading into a holiday-shortened week in which the USD will remain in the spotlight.


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DailyFX Poll: Which Successor to PM May Would be Most Positive for GBP?

DailyFX has conducted a Twitter poll to find out which possible successor to UK Prime Minister Theresa May would be the most positive for Sterling. The results were surprising.


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Consumer Confidence Ticks Higher, Inflation Expectations Plummet

University of Michigan’s consumer confidence report crossed the wires Friday to reveal a slight increase from last month.


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DAX May Plummet on Auto Tariffs, Spanish Election not a Cause of Concern

Section 232 deadline is set for Feb 17th, in which the Department of Commerce will present their findings on whether Eurozone autos present a threat to the United States national security.


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Gold Prices Eye 2019-High as Bull-Flag Formation Unfolds

Recent price action brings the 2019-high ($1326) on the radar for gold as a bull-flag formation appears to be unfolding.


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EURUSD Holds Lows at Key Support as USD Strength Takes a Pause

Next week brings a Monday holiday in the United States in observance of President’s Day, and the economic calendar is relatively light.


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US Dollar Edges Higher, Gold Bounces at Support as US-China Trade Talks End

The sixth round of US-China trade negotiations has come to an end, and there’s still no deal in place to avoid the March 2 tariff deadline.


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EUR Drops as ECB Talk up Further Stimulus, USD Supported Amid Fed QT - US Market Open

Euro underperforms as ECB talk up further stimulus measures. NZD leads the pack amid the improved risk tone. USD looks to Trump as he vows to declare a national emergency.


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Upbeat U. of Michigan Confidence to Keep EUR/USD Under Pressure

A marked rebound in the U. of Michigan Confidence survey may keep EUR/USD under pressure as it highlights an improved outlook for the U.S. economy.


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Charts for Next Week: EURUSD, CHFJPY, AUDJPY, Gold Price & More

The Euro is barely hanging onto support, JPY-crosses looks weak with CHFJPY & AUDJPY posting set-ups, while Gold is trying to come off of confluent support and rally.


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Gold Price Analysis: Trump Mulls Emergency Action, YTD Highs in Focus

As investors continue to ponder growing downside risks, gold prices remain elevated. Fresh political risks may prompt Gold to test $1326.


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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...