Wednesday, 27 March 2019

Gold, Crude Oil Prices May Fall on Disappointing US GDP Revision

Gold and crude oil prices may fall while the US Dollar attracts haven-seeking capital flows if a disappointing US GDP revision keeps investors in a downbeat mood.


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Asian Stocks Mostly Lower As Focus Returns To Shrinkng US Yields

Asia Pacific equity endured another mixed and scrappy session Wednesday, with global growth worries looming large. The US Dollar made small gains, with its New Zealand cousin hit again


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USD/MYR Outlook Bullish. USD/IDR, USD/PHP Inch Closer to Breakout

USD/MYR may be readying to turn higher on bullish technical warnings. Meanwhile, as USD/SGD sticks to consolidating, USD/IDR and USD/PHP are inching closer towards a breakout.


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Dow’s Sidling Up for a Break, Dollar Gains Despite Itself, Brexit Headline Chaos

Risk trends are biding time until the next critical break for risk trends is made. In the meantime, the Dollar is taking advantage of its ‘counterpart’ appeal and the Pound is simply lost in the unchecked troubles of Brexit.


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Currencies May See Wild Swings if Slow Growth Breaks CLO Market

Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in the fragile market for collateralized loan obligations (CLOs).


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New Zealand Dollar Fades As ANZ Business Confidence Flops Again

The New Zealand Dollar was already on the defensive thanks to this week’s gloomy summing-up from it central bank. Weaker business confidence hit it further.


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Currency Volatility: Data Could Spark EURJPY Price Action

EURJPY forex traders could see the currency pair gyrate tomorrow in response to upcoming economic data releases. What key levels should you watch for?


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GBP Dives as UK Fails to Agree on Brexit Alternative. JPY May Rise

GBP/USD dived as the UK Parliament failed to reach a consensus for an alternative Brexit solution to Theresa May’s deal. The Yen may rise as Asia stocks follow Wall Street lower.


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Dow Jones Outlook: Index Awaits US GDP on Shaky Ground

The Dow Jones will await Thursday’s release of annualized GDP data as US indices stand on a shaky fundamental backdrop and industrials stumble under pressure.


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Oil Price Outlook: Crude Breakout Battles 60- WTI Trade Levels

Oil prices have stalled at four-month highs and leave the immediate rally vulnerable sub-60. Here are the targets & invalidation levels that matter on the WTI charts.


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Will GBP Rally Resume With PM Theresa May’s Resignation Offer?

Theresa May is said to step down from her position as UK's Prime Minister to get her Brexit deal across Parliament's finish line. The news could provide clarity to the previously-clouded path to Brexit and help push the British Pound higher.


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Gold Prices Risk Larger Pullback as Fed Defends Wait-and-See Approach

Gold snaps the recent series of higher highs & lows, with the price for bullion at risk for a larger pullback as Fed officials defend the wait-and-see approach.


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GBP/USD Technical Analysis: Eerily Calm - Remain Cautious

Cable (GBPUSD) has quieted down this week as a short-term range formation has built on the chart. That can be a dangerous formation to plot for continuation given the frenetic price action that was on display.


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S&P 500 : Traders Net-Short Increased by 7.7% from Last Week

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


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EUR/USD: Traders Increase Net-Long Positions from Last Week

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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GBPUSD: Traders Net-Long Increased by 13.2% from Last Week

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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Bitcoin: 78.1% 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 Bitcoin-bearish contrarian trading bias.


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The Bank of England: A Forex Trader’s Guide

Learn how the Bank of England’s (BOE) monetary policy affects the Pound Sterling (GBP)


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Kiwi Price Outlook: NZD/USD Post-RBNZ Sell-Off Targets Yearly Support

Kiwi is off nearly 2% from the monthly highs on the back of the RBNZ rate decision. Here are the targets & invalidation levels that matter on the NZD/USD charts.


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DJIA: Dow Bull Pennant Offers Clear-Cut Invalidation Level

A very strong January and February has seen the Dow spend most of March on its back foot. But is doom and gloom ahead, or are prices gearing up to rip around the Q2 open?


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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...