Wednesday, 27 February 2019

US Dollar Tests 96 Support Ahead of Day Two of Powell Testimony

The US Dollar has been in retreat since yesterday’s Powell testimony, keeping the door open for a continuation of the longer-term range in EURUSD.


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Trading Outlook for Gold Price, Crude Oil, Dow Jones, DAX & More

Gold is looking to test important trend support, crude oil trend under fire; Dow Jones ran into resistance along with the DAX, suggesting weakness ahead.


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GBPUSD Price Analysis, Chart and Pivot Points

GBPUSD continues to push ever higher and is threatening initial pivot point resistance as positive Brexit sentiment holds sway.


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Slowing Canada Consumer Price Index (CPI) to Curb USD/CAD Losses

Updates to Canada’s Consumer Price Index (CPI) may curb the recent decline in USD/CAD as the headline reading is expected to slow to 1.4% from 2.0% per annum in December.


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CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY

USDCAD continues to edge lower, eyeing key support. CADJPY upside may be limited with topside resistance ahead.


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3 Types of Forex Analysis

We round-up the best forex analysis techniques: fundamental, technical and sentiment and how to apply them.


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EURUSD Still Trending Higher Despite Poor Eurozone Confidence Data

EURUSD continues to advance within the well-defined channel in place since February 15 despite weak Eurozone confidence figures that emphasize the slowdown in the region’s economy.


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Gold & Silver Price Charts – Test of Trend Support Nearing

Precious metals have been 'out of play' the past few days, but an important trend-line test may be around the corner for gold.


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GBPUSD Price Continues To Push Ahead Strongly, Brexit Debate in Focus

Sterling looks to have broken decisively above the 1.32 level ahead of more Brexit votes in the UK Parliament as the chances of a no-deal Brexit recede and the prospect of a delay in leaving rises.


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Gold Price: Building Momentum on Weak USD, Growing Nuclear Risk

Gold is looking likely to move higher again, helped by a slightly weaker US dollar and escalating conflict between nuclear powers India and Pakistan.


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US Dollar May Rise on India, Pakistan Clash and Powell Testifies

The US Dollar may rise as a clash between India and Pakistan drives haven demand while comments from Fed Chair Powell clash with the markets’ dovish outlook.


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Tuesday, 26 February 2019

Yen Jumps as Pakistan Downs Two Indian Jets, Spooking Markets

The Japanese Yen spiked higher and US stock futures dropped on reports Pakistan has downed two Indian fighter jets, spooking financial markets.


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Gold Price Chart Hints at Topping as Powell Testimony Continues

Gold prices failed to capitalize on US Dollar weakness on Day 1 of Congressional testimony from Fed Chair Powell. The chart setup hints at topping with Day 2 at hand.


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Asian Stock Markets Gain As Investors Look to Trump, Kim Summit

There was plenty of green on Asia Pacific mainboards despite a shaky US lead as trade -settlement hopes endure and President Trump gets ready to meet North Korea’s Kim.


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EUR/USD Vulnerable to France GDP, Italian Confidence Indicators?

EUR/USD will be eyeing tomorrow’s GDP report out of France and key economic indicators out of Italy as the country contends with a technical recession.


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A Skew on the Pound’s Potential Via Brexit Near-Term

UK PM May has curbed the anticipated impact of today’s Parliamentary session, but Brexit remains a top concern for Pound and capital market traders. What scenarios should we prepare for and where are the opportunities?


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Nikkei 225 Technical Analysis: Uptrend Holds But May Be Tiring

Like many other developed market indexes the Nikkei 225 remains well within its dominant 2019 uptrend while showing signs of exhaustion all the same.


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EUR/GBP Technical Analysis: Brexit News Revives Dominant Downtrend

The latest Brexit news sent EUR/GBP crashing through support, opening the door to resuming the dominant downtrend from January once confirmation is achieved via another close lower.


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Dow Jones Trade War Momentum Ebbs, Dollar Sinks on Powell, Pound Surges Amid Brexit Talk

More significant movement was registered in the global markets this past session from risk assets, the Dollar and Pound. Yet, it didn’t exactly align to what a rudimentary analysis would suggest. What should we focus on ahead?


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Australian Dollar Eyeing China PMI Data - Trade War on Back Burner?

The Australian Dollar will be watching China’s upcoming manufacturing PMI report on Wednesday against the backdrop of new developments in the US-China trade war.


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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...