US Dollar Eyeing Breakout after Muted Action on Fed Chair Powell

The US Dollar is on the eve of a breakout to find its next path in the short-term after Fed Chair Jerome Powell couldn’t offer it a direction after better-than-expected GDP data.


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US GDP Fueled Gold Price Reversal Risk, USD Awaits Jerome Powell

Better-than-expected US GDP boosted the US Dollar as gold prices tumbled. JPY/CHF fell as geopolitical risks in Asia rose. Equities may pause declines, all eyes on Jerome Powell.


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Gold Price Technical Outlook: XAU/USD Correction Underway

Gold is down nearly 1.2% this week with price on the defensive into the close of the month. Here are the targets & invalidation levels that matter on the XAU/USD charts.


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Chinese Yuan Takes Spotlight - Investors Buy as China Borrowing Jumps

Is the narrative of global investing themes shifting from a certain bear market to possibly setting the stage for new highs in equity indices in 2019 for the US and a significant reversal for global indices that had a rough 2018? The DailyFX Podcast breaks down these themes and more.


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Dow Jones Will Look to Inflation Data, Fed Expectations on Friday

With US GDP data released, domestic equity markets will look to the next big indicators on the calendar to guide price action into the weekend.


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S&P 500 : Traders Remain Net-Short

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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USDJPY: Traders Net-Short Decrease By 5.6% from Last Week

The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.


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GBPUSD: Net-Short Traders Are 35.7% Higher from Last Week

The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


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EUR/USD: Sentiment Suggests Price May Soon Reverse

Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.


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EURUSD: Overnight Implied Volatility Jumps Ahead of Friday’s Data

Eurozone and U.S. economic data on tap tomorrow sets up the EURUSD for heightened price action on the back of implied volatility that has nearly doubled since last Friday.


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FX Price Action Setups in EURUSD, USDCAD and AUDUSD

This webinar looks at a series of price action setups across FX, Gold, Oil and US equity indices.


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Bitcoin: 81.7% of Traders Are Net-Long

The combination of current sentiment and recent changes gives us a further mixed Bitcoin trading bias.


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Gold:Traders Remain Net-Long

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.


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NZD/USD Technical Price Outlook: Kiwi Consolidation Narrows

Kiwi turned from yearly range highs yesterday with the reversal threatening a further loss. Here are the targets & invalidation levels that matter on the NZD/USD charts.


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Gold Price Forecast: Bullish Momentum Unravels Following US GDP Report

The failed attempt to test the 2018-high ($1366) may generate a larger correction in the price of gold as the bullish momentum starts to unravel.


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US Dollar Gains on GDP Data, GBPUSD Losses May be Fleeting

GBPUSD is backing off after Q4 GDP data beat market expectations. Sterling however remains firm and any short-term sell-off in cable may open fresh, bullish, opportunities.


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EURUSD Continues Towards Range Resistance; GBPUSD Breakout Stalls

The US Dollar is catching a bounce after this morning's US GDP release; but will this be enough to turn this week's tide of a US Dollar pullback?


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How Market Sentiment & Confidence Releases Can Improve Your Trading

The economic calendar is sprinkled each week with confidence data that traders should pay attention to. These forward-looking indicators can predict GDP growth and therefore interest rates and exchange rates.


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EURUSD Short-term Chart Wedging Towards a Resolution

The Euro has been funneling higher the past couple of weeks, it smacks of bearish corrective price action; but either way EURUSD looks set to see an uptick in volatility.


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Further GBPUSD Gains Likely Limited Near-Term

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