Monday, 1 April 2019

Currency Volatility: RBA Could Jolt AUDUSD Price Action

AUDUSD overnight implied volatility jumps to 1-month highs ahead of the Reserve Bank of Australia's interest rate decision expected early in Tuesday's session.


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Gold Prices Fall Towards Target While USD/JPY Works Higher

Gold and silver prices press lower searching for a temporary bottom. USDJPY Elliott wave pattern is longer term bullish.


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Top 5 Events: April RBA Meeting & AUDUSD Price Outlook

Rates markets are currently pricing in a 3.9% chance of a rate move on Tuesday.


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AUDUSD Weakness on RBA Decision Could Bolster ASX 200

The ASX 200 will look to a rate decision from the Reserve Bank of Australia for price action cues. Dovish leanings in a nearby economy could suggest the RBA will follow suit.


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GBPUSD Technical Analysis: Morning Star Bounce into Key Resistance

A wild month of March has seen GBPUSD build into an approximate 400-pip range following a generally strong outing in January and February. Can bulls continue to drive?


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XAUUSD: Spot Gold Price Chart Suggests Further Pullback Risk

Spot gold is down roughly 4 percent since its recent peak in February, but the precious metal could see further downside.


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Gold Price Forecast: Bearish Sequence Snaps Ahead of 2019-Low

Gold may stage a larger rebound over the coming days as the price of bullion snaps the series of lower highs & lows from the previous week.


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US Dollar Starts New Month, Quarter with Inside Day; Brexit Latest

The latest headlines suggest that a ‘soft Brexit’ is still possible; the UK parliament will be voting again tonight.


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Weekly Trade Levels for EUR/USD, NZD/USD, USD/CAD, Gold, Oil & More

Webinar highlighting active trade setups we’re tracking into the start of the week, month and quarter. Here are the updated targets & invalidation levels that matter.


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Sterling (GBP) Week Ahead: Brexit Votes to Drive Price Action | Webinar

The UK Parliament is back in focus this week with a raft of indicative Brexit bills being voted on later Monday. Throw in a potential Meaningful Vote 4 as well as US NFPs and GBPUSD price action may be whippy.


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EURUSD Holds Range Support to Start Q2, USD at Resistance

After what turned out to be a quiet Q1 across currencies, technical items are showing in two of the largest FX markets and a big batch of USD data waits for this week.


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Weekly Technical Forecast: S&P 500 and Oil Show Contrast Between Past Quarter and Next Week

We have brought to a close a week, the month of March and the first quarter of 2019. The performance registered between these time frames seems to look more remarkable the higher larger the lookback. While the S&P 500 and crude oil for example may have posted their best quarters in a year, recent price action looks far less vigorous.


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Weekly Fundamental Forecast: Recession and Brexit Worries face QE and Trade Talk Hopes

Trying to untangle trade wars and unequipped central banks ramping up stimulus doesn’t balance against fear of recession and events like Brexit.


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EURUSD Risks Larger Rebound on Below-Forecast ISM Manufacturing Survey

Updates to the ISM Manufacturing survey may shake up the near-term outlook for EUR/USD as the index is expected to increase to 54.3 from 54.2 in February.


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EURUSD and Dollar Index (DXY) Charts Again Nearing Potential Turning Points

The Euro is sinking towards a big area of support while the DXY drives into resistance, recent history and low-volatility conditions suggest a turnaround of sorts may soon develop.


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GBPUSD Recovers, USDTRY Surges After Election - US Market Open

The Pound continues to rebound from the lows seen last week with the currency briefly pushing above the 1.31 handle.


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DAX 30 Technical Outlook: Strength Pushing Price Back into Major Resistance

The DAX rally is bringing major long-term resistance back into play; how will it handle it this time around?


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EURUSD Price Edges Higher, Shrugs Off Weak Inflation, PMI Prints

EURUSD opened Q2 on the front foot with marginal gains against a weak US dollar despite further confirmation of a weak manufacturing sector in the Euro-Zone and lower-than-expected inflation.


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GBPUSD Price Pushing Higher Ahead of Fresh Brexit Votes

Brexit will back on the agenda in Parliament later today when MPs vote on a set of indicative Brexit options again, with a customs union vote gaining traction.


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British Pound at Key Chart Level Before Still More Brexit Votes

The British Pound is challenging the bounds of its 2019 uptrend against the US Dollar before yet another round of indicative Brexit votes in the UK Parliament.


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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...