The anti-risk Yen and US Dollar may be vulnerable as sentiment firms across financial markets. GBP/USD technical positioning hints a top may be taking shape.
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Monday, 18 March 2019
Gold Price Chart Hints at Topping Before Fed Policy Announcement
Gold prices may be carving out a topping chart pattern. Soundbites form an OPEC+ meeting and EIA drilling data may highlight competing influences on crude oil supply.
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Sunday, 17 March 2019
Asian Stocks Mostly Higher On Trade Hopes, Fed Policy In Focus
Risk appetite kept equity well bid as a new week got under way, but there’s a lot of economic news on tap, most obviously the Federal Reserve’s policy decision
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USD/SEK, USD/NOK Watching FOMC, Norges Bank Meeting
Local economic data out of Sweden and Norway remains relatively light (apart from the latter’s central bank meeting), leaving USD/SEK, USD/NOK on the lookout for US-based event risk.
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Less Dovish Fed May Boost USD/SGD as More Dovish BSP Lifts USD/PHP
The US Dollar may rise on a Fed that is not quite as dovish as markets expect, sending USD/SGD higher as ASEAN currencies depreciate. USD/PHP may rise on a dovish BSP rate decision.
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EUR/USD Technical Analysis: Euro Down Trend Expected to Resume
The Euro is back at trend-defining resistance against the US Dollar, with near-term chart positioning hinting that downside resumption is the likely path forward.
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Euro, Swiss Franc, European Bond Markets Eye Yellow Vest Protests
The Yellow Vest protests in France are re-erupting and Macron is once again on the defensive. A bold fiscal spending plan looks to be in the cards, but what are the longer-term implications?
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USD, CAD Fall. S&P 500 Uptrend Aims for Record High. Yen at Risk
The US and Canadian Dollars fell on soft data. Dovish central bank bets helped propel the S&P 500 as its uptrend now faces record highs. Japanese Yen may weaken as Asia stocks rise.
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Stock Market Fund Flows: S&P 500 Breaches 2,815 as Inflows Persist
The S&P 500 ended Friday’s session slightly above the previously insurmountable 2,815 price level. Elsewhere, utilities notched a tenth week of gains.
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Weekly Technical Forecast: EURUSD, Dow and Crude Look for Breakouts with Legs
The benchmarks of the financial market have clearly run the extent of the easy recovery from the fourth quarter tumble. With the likes of the Dow sticking at resistance, EURUSD carving an increasingly narrow range and crude oil prices failing to gain traction on their own bullish break; markets are now looking for commitment.
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Weekly Trading Forecast: Fed Decision, Brexit and Risk Trends Tempt Volatility
Systemic themes such as trade wars and slower economic expansion will take a backseat for this upcoming trading week. Monetary policy will return to the forefront with the Fed decision on tap with four other central bank meetings while Brexit faces yet another ‘crucial’ week.
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Technical Forecast for S&P 500, Dow, FTSE 100, DAX and Nikkei
The tone of recovery held through global equities this week, and a series of rate decisions are on the docket for next week.
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Dow Jones, S&P 500, FTSE 100 and DAX 30 Fundamental Forecast
With the major equity indices simultaneously testing technical resistance, catalysts will be found from fundamental developments in the week ahead.
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Saturday, 16 March 2019
Euro Forecast: Focus for EURGBP, EURUSD Turns to BOE, Fed Meetings
With Euro-area March PMI reports due on Friday, traders’ attention for most of the week will be the latest Brexit developments, the BOE rate decision, and the Fed meeting.
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EURUSD Technical Forecast: Trend & Resistance Give Euro Weak Backdrop Heading into Next Week
The Euro is bouncing, but with a generally weak trend, resistance, and lacking the ability to show follow-through, strength is expected to fizzle into weakness in the days ahead.
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Gold Price Weekly Technical Outlook: XAU/USD Rebound to Fizzle
Gold prices are higher on the week but remain vulnerable ahead of next week’s FOMC rate decision. Here are the levels that matter on the XAU/USD weekly chart.
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Gold Price Forecast: Where Will XAUUSD Breakout Next?
While the spot gold price chart shows consolidation at its current level, looming fundamental drivers could ignite the next move in XAUUSD.
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Dollar Reverses in Large Range, EURUSD Pressure Builds Towards Break
The DXY Dollar Index suffered its worst week’s performance since August, but the technical picture looks no closure to resolution of its persistently narrowing range. What are the levels to watch as we await the spark?
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EUR/USD Rate Outlook Hinges on FOMC Forward-Guidance
The EUR/USD rebound following the ECB meeting appears to have stalled ahead of the FOMC interest rate decision, with the Fed slated to unveil its updated forecasts.
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Professional Crude Oil and Energy Trading Fundamentals, Brynne Kelly
Energy trading veteran, Brynne Kelly helps break down some of the misunderstandings of Crude Oil and Nat Gas trading
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...