Sunday, 17 February 2019

Euro Forecast: Deteriorating Fundamentals Continue to Weigh on Price

The Euro continues to slide alongside deteriorating inflation expectations, which just hit their lowest level in more than two years this past week. Upcoming survey figures don’t look that optimistic.


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Saturday, 16 February 2019

EURUSD Weekly Technical Forecast: Euro Flirting with Support Break

The Euro flip-flopped last week as it tested important support, with character in price action showing signs of changing it may be on the cusp of developing meaningful downside momentum.


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Gold Prices Stopped Short of Resuming Dominant Uptrend, Watch RSI

Gold prices attempted to resume the dominant uptrend, stopping short for resistance at 1323.60. Fading upside momentum may undermine upside progress ahead with support at 1302.97.


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Gold Bull-Flag Formation Continues to Unfold Ahead of FOMC Minutes

Developments coming out of the U.S. economy may continue to heighten the appeal of gold as the Federal Reserve further adjusts the forward-guidance for monetary policy.


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Dollar Within Reach of Two-Year High but Reversal Pressure High

The Dollar closed out another positive week, but progress towards the multi-year highs set in November and December is frustratingly slow for bulls. So, is it provocative breakout or comfortable reversal next week?


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US Dollar Needs Sentiment Consistency to Set Lasting Trend

The US Dollar seesawed last week, reflecting the competing influence of fundamental cross-currents. Risk sentiment consistency may be needed for a lasting trend.


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GBP Fundamental Forecast: Sterling Struggles as the Brexit Clock Ticks

The British Pound is just about keeping its poise against a range of currencies, especially a strong US dollar, with less than two weeks until PM May presents her Brexit deal to Parliament again.


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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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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...