The March Fed meeting produced a large reaction by both US Treasury yields and the US Dollar.
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Thursday, 21 March 2019
Gold: 71.1% of Traders Are Net-Long
Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.
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USDJPY: 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 USDJPY-bearish contrarian trading bias.
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Gold Gets Bid Following FOMC Meeting Amid Bets for December Rate-Cut
Gold prices have reversed course ahead of the 2019-low ($1277), with the price of bullion climbing to a fresh monthly-high ($1320) following the FOMC meeting.
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Brexit Uncertainty Leaves GBPUSD Implied Volatility At 32-Month Highs
Given the latest Brexit uncertainty, it cannot be overstated the potential volatility the Pound faces.
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Gold Price Breaks Out to Fresh Highs as EURUSD Rebuffed at Resistance
Yesterday's FOMC meeting saw the bank take on a dovish tone, bringing a fast move of USD-weakness until a key level of support came into play.
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GBPUSD Price Limited as BOE Remains Sidelined by Latest Brexit News
The latest Brexit developments are in control of the British Pound, leaving the Bank of England sidelined.
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Dovish FOMC, BoE Rate Decision, Euro Finds a Bid - US Market Open
The US dollar is on the backfoot after last night’s dovish FOMC pulled the rug from under the greenback. Coming up, the Bank of England’s latest policy decision will be confined by ongoing Brexit chaos.
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Brexit Gridlock Likely to Keep BoE Rates Unchanged - Preview
Bank of England (BoE) officials are likely to vote unanimously to keep the benchmark interest rate unchanged at 0.75% as Britain tries to overcome the political gridlock it faces. GBPUSD was trading a little stronger yesterday as the Fed rejected any rate hikes this year.
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S&P 500 Backing into Support, Dow Jones & Nasdaq 100 Chart Outlook
The S&P 500 recently broke resistance which is now being tested as support, while the Dow and Nasdaq 100 continue to display glaring relative strength differences.
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EURUSD Price Hitting Resistance But Sentiment Remains Bullish
The Euro is pushing higher against a weak US dollar and nears an area of technical resistance. With client sentiment still bullish a break higher could see the 2019 high under pressure.
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Yen May Rise as Dovish SNB, BOE Add to Global Slowdown Worries
The Japanese Yen may rise as dovish guidance from the SNB and the BOE add to worries about slowing global economic growth in the wake of the Fed rate decision.
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Crude Oil Prices May Retreat as Central Banks Stoke Growth Fears
Crude oil prices may retreat as downbeat comments from the SNB and the BOE compound Fed-driven worries about a slowdown in global economic growth.
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Wednesday, 20 March 2019
Asia Stocks Follow Wall Street Response to FOMC, FTSE 100 Eyes BoE
Like the reaction to the Fed, Asia Pacific stocks traded mixed. The ASX 200 fell as a jobs report reduced dovish RBA expectations. GBP/USD and FTSE 100 eye the BoE, Brexit saga.
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Norwegian Krone Eyeing Norges Bank Rate Decision After FOMC
NOK traders will be on their toes as the Norges Bank prepares to release its rate decision which many are anticipating will be a hike. However, after today’s FOMC meeting, the question is can they afford to?
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Caveats to a EURUSD Break and Questions for S&P 500 Slip After Fed
The Fed has made clear that it is easing up the reigns on normalization, but the favorable turn in monetary policy is being met with the same lackluster response as the seeming turn in trade wars. What does this mean for markets and trading?
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Nikkei 225 Technical Analysis: Uptrend Hangs On, But Looks Tired
The Nikkei 225 has risen reliably for much of this year, but its rise is starting to appear a little stretched. Bulls need to challenge the top of both range and up-channel
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Gold Price Forecast Brightens amid Drop in US Treasury Yields
Gold prices may see further gains as US Treasury yields continue their break lower in the near-term.
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Australian Dollar Gains As Jobless Rate Falls Below 5%
The Australian Dollar spiked up on news that domestic unemployment had fallen below 5% for the first time since 2011. Job creation slowed markedly though.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....