Updates to the U.S. Non-Farm Payrolls (NFP) report may spark a bearish reaction in EUR/USD as the economy is anticipated to add another 180K jobs in February.
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Friday, 8 March 2019
Charts for Next Week: EURUSD, AUDUSD, Gold Price & More
Euro at an important spot, Aussie is teetering on neckline support, while gold is bouncing back into resistance area, may be ready for another leg lower soon.
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S&P 500, Dow Jones, and Nasdaq 100 Technical Outlook: ’Breaks’ Bought or Sold?
U.S. indices have broken a bit with their worst performance the past week since bottoming in December, will 'they' come for them or set up for more weakness?
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Gold Price Outlook: Dovish Central Banks Bode Well for Gold Bulls
Further accommodation from central banks is an optimistic sign for gold bugs. Fed reversal could see $1400 gold.
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Sterling: GBPUSD Technical Analysis and Brexit Update
The British Pound continues to drift lower ahead of a pivotal Brexit week for UK PM May. Support may be tested all the way down to the 200-day moving average.
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EURUSD Oversold in the Short-Term But Still in Trouble
The Euro remains around 1.1200 to the US dollar after hitting the lowest level since June 2017 in Thursday’s heavy sell-off. On the slate, US non-farm payrolls at 13:30 GMT may hit the pair harder.
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EUR/USD Technical Analysis: Sellers Try to Clear a Path Below 1.10
The Euro recoiled from 14-month resistance against the US Dollar, with sellers now working on clearing a path below the 1.10 figure.
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Thursday, 7 March 2019
US Dollar Likely to Find Excuse for Gains in Jobs Report
The US Dollar seems likely to find an excuse for further gains in February’s US employment data while sentiment trends set the tone elsewhere in the G10 FX space.
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Asian Stocks Wilt As Chinese Exports Disappoint, US Payrolls Loom
Asian equity markets were already looking shaky thanks to Wall Street’s slip when weak Chinese trade numbers sent the mainboards lower still
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Euro Eyeing German Factory Orders as EU Growth Slows, ECB Eases
Euro traders will be watching tomorrow’s release of German factory orders as the region slows down and the ECB held rates and cut growth forecasts – again.
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AUD/USD Falls As Chinese Trade Data Undershoots Forecasts
AUD/USD fell after Chinese trade-related data crossed the wires and showed a substantial decrease in the trade balance.
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USD/NOK Technical Analysis: Will Pair Hold Above 8.7881 Barrier?
USD/NOK skyrocketed into a new resistance range between 8.7766-8.8244, but will it be able to keep above this level?
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EUR/GBP Technical Analysis: Downtrend in Focus after ECB Outlook
The ECB rate decision put pressure on EUR/GBP’s dominant downtrend, a major support area seems to be lacking until 0.8337. Near-term price action suggests temporary rebound before resumption.
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US Jobs Data May Validate Bearish Crude Oil Price Chart Setup
Crude oil prices have struggled to make good on technical signs of topping but incoming US jobs data may finally validate the setup.
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A Break Lower for S&P 500 Prices and EURUSD - Are These Trends?
Given the extreme lows in volatility across the market, the impressive drop from the S&P 500 and EURUSD this past session has drawn a lot of attention. Is this a technical development or fundamental drive robust enough to sustain trend?
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ECB Sinks EUR/USD Towards July 2017 Lows, Chinese Trade Data Next
EUR/USD faces July 2017 lows after sinking through key support levels after dismal ECB economic projections. Up next, markets eye the impact of slowing growth on Chinese trade data.
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S&P 500 Outlook: Unemployment Data, Utilities To Lead Index Price
The S&P 500 will look to Friday’s release of non-farm payrolls data as it struggles to fend off bearish price action.
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Sterling Weekly Price Outlook: British Pound Rejected at Resistance
Sterling is down nearly 2% after reversing from seven-month highs last week. Here are the targets and invalidation levels that matter on the GBP/USD weekly chart.
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Pre-NFP Price Action Setups Across the US Dollar
This morning saw the European Central Bank announce a fresh round of TLTRO's, and tomorrow brings US and Canadian jobs numbers to the table.
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