Tuesday, 26 March 2019

Italy’s Embrace of Chinese Investment May Ignite US-EU Tension

A visit from Chinese President Xi Jinping to Italy may ignite geopolitical and trade war concerns after the two countries signed $2.8 billion in new deals.


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FX Price Action Setups in EURJPY, NZDUSD and USDCAD

It’s been a busy start to 2019 but, for all intents and purposes, the US Dollar hasn’t done much by way of excitement.


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Currency Volatility: New Zealand Dollar Eyes RBNZ Rate Review

The Reserve Bank of New Zealand's upcoming interest rate decision has potential to send spot NZDUSD swinging according to overnight implied volatility.


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Gold Price Outlook: XAU/USD Rally Folds from Fibonacci Resistance

Gold prices have eased back from technical resistance near four-week highs. Here are the targets & invalidation levels that matter on the XAU/USD charts this week.


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Oil RSI Flirts with Overbought Territory as OPEC+ Plans to Meet in May

Recent price action raises the risk for a further advance in crude oil as the Relative Strength Index (RSI) continues to flirt with overbought territory.


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Oil Price Re-Tests $60 as Yen-Strength Steps Back; EURUSD Tests Range

The Q2 open nears as a number of FX themes remain of interest, and risk aversion has taken a step back after re-appearing following FOMC last week.


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Brexit Votes, US Data & Equity Market Rebounds - US Market Open

Sterling remains volatile after PM May looks set to cede control of Brexit to Parliament while the US dollar waits for a raft of data releases. In the equity space, markets turn positive after recent losses.


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Market Sentiment Dented By Economic Slowdown Fears | Webinar

Traders remain confident about the outlook for the markets but sentiment is less positive than it has been and haven assets like gold and US Treasuries are benefiting.


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US Dollar Price Continues to Stabilize But Next Move Could be Lower

USD is more stable after last Wednesday’s sharp fall but a further decline cannot be ruled out.


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Trading Forecast for NZDUSD, CADJPY, Gold Price & More

Today, we looked at a few charts of interest, with important levels undergoing test in a couple of pairs while gold continues to trade neatly within the confines of a channel.


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GBPUSD Rudderless as PM May Loses Control of Brexit

UK PM Theresa May lost control of the Brexit process last night as MPs voted to put forward indicative votes to Parliament on Wednesday.


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EURUSD Price Pushed Lower as German Export Sentiment Crumbles

Business confidence in Germany has ‘clearly deteriorated’ according to the latest ifo Export Expectations, weighing further on an already weak Euro.


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FTSE Technical Analysis – Backdrop Weakens, but Still in Channel

The FTSE took a hit the other day but is still trading within the confines of the bullish channel off the December low.


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Pound Eyes Parliament-Led Brexit Efforts, Yen May Resume Rise

British Pound volatility is likely as the UK Parliament tries to wrest away control of Brexit from the government. The Yen may rise amid renewed global slowdown fears.


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Monday, 25 March 2019

Will US Consumer Confidence Data Extend Asia Stocks Recovery?

Asia Pacific stocks traded mostly higher as recession fears ebbed. The Nikkei 225 has more room left to recover losses. Ahead, will US consumer confidence boost optimism further?


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Gold Prices Eye Diverging US Dollar, Bond Yields for Direction

Gold prices are weighing the conflicting influence of the US Dollar and bond yields to divine direction cues amid worries about a slowdown in global economic growth.


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ASX 200 Technical Analysis: Gradual Decline Brings 6000 Back To Fore

The ASX 200 has slipped a little more gracefully than some developed market indexes as risk appetite wains. Still, important support is now uncomfortably close.


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NZD/USD Technical Analysis: Triple Top Forming Below 0.70 Figure?

The New Zealand Dollar may be setting up a bearish Triple Top chart pattern below the 0.70 figure against its US counterpart. Confirmation of a downturn is still pending.


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Recession Concerns Not Yet a Market Panic, Dollar and Pound Face Struggle

Though risk appetite has not regained traction, averting an avalanche of fear after last week’s recession fixation is likely a relief for bulls. Established troubles have not passed however, so traders should remain cautious.


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S&P 500 Outlook: Dark Clouds Forming Over US Markets

An inverted yield curve, record buybacks and a buyback-blackout period look to cast a shadow over the S&P 500 and other US equity markets.


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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...