The Euro has continued to hover around the lower bound of its 1.12-1.16 range, having last week hit lows of 1.1235. Risk events over the coming weeks could see a range break.
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Tuesday, 19 February 2019
Aussie Dollar Falls on RBA Minutes, US-China Trade Talks Eyed
The Australian, Canadian and New Zealand Dollars fell as downbeat RBA meeting minutes fed global slowdown fears. US-China trade talks are now in focus.
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Monday, 18 February 2019
Stocks Eye European Data, Can S&P 500 Uptrend Pass Key Resistance?
Asia stocks traded mixed as markets await potentially risk-negative European data. In its near-term uptrend, can the S&P 500 break key resistance should sentiment prevail instead?
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Crude Oil Prices Hit 3-Month High, Set Sights on Trade War News
Crude oil prices broke chart resistance and hit a 3-month high but trade war news flow – from US-China negotiations to the threat of new auto tariffs – may stymie progress.
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AUD/JPY on Edge: Trade War Fears Swell - Employment Data in Sight
AUD/JPY has traded cautiously higher since February 11 but hopes of meaningful upward movement may be dashed if US-China trade negotiations deteriorate and Australian employment data disappoints.
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EURO Vulnerable to German ZEW Survey, Italy Industrial Orders?
EUR/USD may feel some pain if the German ZEW Survey falls short of expectations along with a possible decline in Italian industrial orders.
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ASX 200 Technical Analysis: Important 2018 Resistance Holds Firm
The ASX 200 remains in its dominant uptrend but that trendline is getting close and resistance remains in place. This could yet be consolidation rather than anything more worrying
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SEK May Move on Swedish CPI - USD/SEK Eyeing FOMC Minutes
The Swedish Krona may be vulnerable to upcoming CPI data, but most USD/SEK traders are likely eyeing this week’s most anticipated event: the release of the FOMC’s meeting minutes.
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AUD/USD May Fall on RBA Minutes, USD Trims Losses on Risk Aversion
The US Dollar trimmed losses in illiquid trading conditions on what seemed to be US-EU trade war fears. AUD/USD may fall on the RBA meeting minutes after near-term resistance held.
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Top Three Foreign Exchange Macro Themes to Watch This Week
Top-down market themes will continue to drive FX-moves and sentiment this week with US-China trade wars, potential EU auto-tariffs and FX volatility all battling for headline space.
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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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Weekly Technical Forecast: Dollar, Equities, Crude and Gold All Extend Their Climb to Key Resistance
There was a broad advance in the run of speculative-leaning equities, commodities and currencies this past week. The pace was uneven, but the progress was registered nonetheless. Yet, only now does the real technical commitment meet its test with Dollar eying 97.75, Dow looking towards 27,000 and crude crossing 55.50.
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Weekly Fundamental Forecast:Trade Wars and Shutdown Fears Fade, Have We Entered a New Phase of Risk Appetite
Two of the most systemic fundamental threats facing the financial system have eased this past week in the avoidance of a second US government shutdown and the enthusiastic language being applied to the negotiations between the US and China on trade. Is this the foundation for a new phase of ‘risk on’?
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EURUSD Bounces Off Support, USDTRY Rises on RRR Cut
The USD underperforms relative to major G10 currencies on continued trade war optimism. Turkish Lira dips as CBRT cut Lira reserve requirements.
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Gold Price Nears a Fresh 10-Month High as US Dollar Dips
Gold has taken its cue from a lower US dollar and made a fresh two-week high, nearing its highest level since April 2018 as bulls take control.
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Crude Oil Analysis: Oil Bulls Target $70
Improved risk sentiment and Saudi Arabia’s pledge to take aggressive have been among factors boosting oil prices to fresh 2019 highs, raising scope for $70 Brent.
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Sterling (GBP) Starting the Week in Positive Fashion on Brexit Rumors
Sterling-pairs have opened what is expected to be a quiet day – US President’s Day Bank Holiday - after media talk surfaces that some EU countries are mulling concessions to the Irish backstop agreement.
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Sunday, 17 February 2019
Yen, US Dollar May Bounce as Markets Weigh Auto Tariff Threat
The Yen and US Dollar may rebound as hopes for a breakthrough in the US-China trade war give way to worries about a looming hike in auto import tariffs.
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Asian Stocks Post Gains As Trade Hopes Endure, US Holiday Looms
Asia Pacific share markets were all in the green thanks to encouraging comments on trade out of both Beijing and Washington DC.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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