Tuesday, 19 February 2019

Technical Outlook for Gold Price, USDCAD, AUDUSD, & More

Gold is working on putting together a run towards major resistance and USDCAD is building a solid technical pattern while AUDUSD does similar in reverse.


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US-China Trade Talks and FOMC Minutes to Dominate USD Trading

A new round of US-China trade talks that begins in Washington Tuesday plus the release Wednesday of the latest FOMC minutes will likely determine the short-term direction of the US Dollar.


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EURUSD Fragility Continues After Weak German ZEW Release

The path of least resistance for EURUSD looks lower as another sentiment survey highlights continued weakness in the German economy.


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Sterling (GBP) Underpinned by Robust UK Labour Market, Brexit Hopes

Sterling remains above 1.2900 against the US dollar as the UK labour market continues to provide a positive backdrop as Brexit nears.


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Key Charts to Watch: EURUSD Vulnerable to Auto Tariffs and Dovish ECB

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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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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UK Week Ahead: A Packed Calendar with Added Brexit | Webinar



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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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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...