Friday, 8 March 2019

S&P 500 Reversal, Dollar Break and Gold Trend Could All Follow a Single Source

This past week was loaded with technical potential between the US indices reversing, EURUSD pressuring 1.1200 support and gold jumping back to the bulls. Are these moves that take hold in fundamentals though?


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AUD/USD, AUD/NZD Downtrend May Pause. AUD/JPY Targets New 2019 Low

Technical cues hint AUD/USD and AUD/NZD may pause their descents while AUD/JPY appears to be reversing, targeting a close that could set new 2019 lows in the medium-term.


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Australian Dollar Limps Into New Week, May Well Stay Down

The Australian Dollar was already looking pretty battered when weak GDP figures delivered a hammer blow last week. Coming sessions offer little domestic data, which may mean respite. But don’t count on it.


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Stock Market Fund Flows: S&P 500 Retreat Sparks Demand for Defensives

High-growth ETFs notched considerable outflows as the S&P 500 retreated after a test of technical resistance. Meanwhile, capital flew to healthcare en masse.


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Looming Brexit Votes, US Data and BOJ to Stir Forex Volatility Next Week

Despite the rollercoaster-ride of price action realized over the last few days of trading, the GBP and JPY could see sizable price swings next week.


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Gold:79% of Traders Are 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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USDJPY: Price Trend May Soon Reverse

Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.


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Bitcoin: Traders Remain Net-Long

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


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Foundations of Technical Analysis: Confluent Support/Resistance Zones

Identifying critical pivot zones using Fibonacci, trendlines & key lateral levels. A review of our technical approach & examples that illustrate our trading methodology.


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S&P 500 : Traders Net-Long Increased from Last Week

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.


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GBPUSD: 61.9% of Traders Are 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 GBPUSD-bearish contrarian trading bias.


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EUR/USD: 65.3% of Traders Are 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 EURUSD-bearish contrarian trading bias.


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FX Setups for the Week of March 11: USDJPY, EURJPY, AUDUSD and USDCNH

The first full week of March has proven to be a notable outing and next week brings a series of drivers that can keep volatility running into the end of Q1.


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S&P 500, FTSE 100 Outlook: Brexit Vote, US CPI and Fed Chair Powell in Focus

S&P 500 edges lower having failed to push through 2800, while FTSE 100 looks towards key Brexit votes.


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Forex Trading Journals: A How-To and other Forex Trading Tips

Learn how to structure your trading journal to improve your consistency and accountability.


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Gold Prices Reverse Ahead of 2019-Low Following Dovish ECB, Weak NFP

Gold may continue to gain ground following the below-forecast U.S. Non-Farm Payrolls (NFP) report as the price for bullion reverses course ahead of the 2019-low ($1277).


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How to Read a Forex Economic Calendar

Manage risk better and plan your trades more effectively with the forex economic calendar.


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US Dollar Drops After Test of Yearly Highs: Next Week Key for Stocks

It’s been a busy week across global markets and traders may now have some new themes to work with as the end of Q1 nears.


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The CPI and Forex: How CPI Data Affects Currency Prices

The Consumer Price Index is an important economic indicator. Here, we explore how the CPI can affect forex trading decisions.


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US Dollar Contained After Large NFP Miss, Fed Outlook Unchanged

US NFP rose by 20k in February, missing expectations of 180k. However, this does not change the outlook of the Fed who will likely remain patient in H1.


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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...