Friday, 22 March 2019

Top 5 FX Events: March German CPI & EUR/JPY Price Outlook

Inflation rates in the Eurozone’s largest economy appear to have stabilized in the near-term.


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Top 5 FX Events: Final Q4’18 US GDP & USDJPY Price Outlook

Consensus forecasts call for Q4’18 US GDP to come in at 2.4% annualized.


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Aussie Weekly Technical Outlook: AUD/USD Rebound Stalls Post-Fed

Aussie is poised to post a weekly doji just above yearly open support. These are the key targets and invalidations levels that matter on the AUD/USD weekly chart


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Australian Dollar Likely Loser In Ugly Contest With US Cousin

The Australian Dollar gained when the US Fed struck a dovish tone last week. But markets soon realized that what applies to the Fed probably goes double for the RBA.


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FX Week Ahead: RBA & BOE Rate Decision; Canadian & New Zealand Jobs

Rates markets are currently pricing in a 0% chance of a rate move by the RBNZ this coming week.


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Currency Volatility: Forex Price Action Setups for Next Week

Forex option traders have begun to price in higher anticipated volatility for GBPUSD, EURUSD, JPYUSD and USDCAD currency pairs headed into next week.


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Brexit No-Deal Is Increasingly Likely After Another Rejection Hits GBP

Parliament’s vote next week will determine whether a no-deal Brexit will be more likely and the effects it will have on GBPUSD.


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Crude Oil Price Forecast: Evening Star Prints as $60 Breakout Fails

The bullish 2019 trend in Oil prices finally found some resistance this week at the $60-handle, at which point a bearish formation printed. But will buyers completely step back ahead of the Q2 open?


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Forex Setups for the Week of March 25, 2019

It was a climactic week across global markets and the final week of Q1 awaits. Will risk aversion continue after a generally upbeat start to 2019?


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Stock Market Fund Flows Suggest S&P 500 Sentiment Remains Bullish

The S&P 500 looks to end Friday’s session in a range that previously offered considerable resistance in a week where the SPY, IVV and VOO ETFs recorded $6.4 billion in inflows.


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Shift in USD/JPY Sentiment Persists Despite Bets for Fed Rate-Cut

The IG Client Sentiment report shows 52.4% of traders are now net-long USD/JPY even though the exchange rate slips to a fresh monthly-low (109.74).


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Kiwi Weekly Price Outlook: NZD/USD Rebuffed at 2019 Range Resistance

Kiwi failed at key resistance this week and keeps the focus on a break of the yearly opening-range. Here are the levels that matter on the NZD/USD weekly chart.


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NFP and Forex: What is NFP and How to Trade It?

Learn how the non-farm payroll (NFP) figures affect the forex market and how to trade it.


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USDJPY: Is Yen-Strength Sending a Signal as the US Yield Curve Inverts?

It was a wild week on short-term charts of the US Dollar, but the net result at this point has been a doji. But under the hood, signals may be showing risk aversion potential.


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US Dollar Rebound Continues; Brexit Latest; US-China Trade War Update

After getting hit hard on the FOMC meeting day, the US Dollar rebound continued into a second day.


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Euro Slumps, Brexit Delay, President Trump on China Deal - US Market Open

The latest set of Euro-Zone PMIs make sober reading, suggesting Q1 growth of just 0.2% in the single-block. Meanwhile Sterling continues to get to grips with the latest Brexit update.


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Charts for Next Week: USD, EURUSD, USDCAD, CADJPY, Gold Price & More

The Dollar bounced from confluent support, keeps broader pattern intact, Euro looking lower, USDCAD to resume higher, while gold has a technical structure that could bring sellers in.


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USD/CAD Rate Forecast: Post-FOMC Advance at Risk on Sticky Canada CPI

Updates to Canada’s Consumer Price Index (CPI) may curb the recent advance in USD/CAD as the headline reading for inflation is expected to hold steady at 1.4%.


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Sterling (GBP) Needs More Than Brexit Can-Kicking to Push Higher

Sterling moves back off Thursday’s 10-day low after the EU said that Article 50 could be delayed until May 22 if the UK approves the current Withdrawal Agreement.


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EURUSD Sentiment Broken After Feeble German and French PMIs

The Euro took a sharp turn lower early Friday morning after the latest set of Euro-Zone PMIs highlighted the ongoing weakness in the single-block.


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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...