Monday, 1 April 2019

Dow and Yields Swell as Data Boosts Growth Hope, Don’t Buy In

The S&P 500 gapped higher on the open the fifth day in a row and the Dow broke range resistance. Risk appetite was in play to start the quarter, but are there legs to this charge? Certainly not in growth forecasts.


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S&P 500 Uptrend Eyed, Risks for AUD/USD Tilted to Upside on RBA

The S&P 500’s uptrend carried on as markets focused on upbeat US ISM Manufacturing PMI data. Ahead, the risks for AUD/USD are tilted to the upside on April’s RBA rate decision.


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FX Week Ahead - Top 5 Events: RBA Meeting; ECB Minutes; US NFP & More

The start of a new month and quarter brings about the typical smattering of ‘high’ rated data releases and events.


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Top 5 Events: March Canadian Jobs Report & USDCAD Price Outlook

Markets are expecting the Canadian labor market to cool off after exceptionally strong gains in January and February.


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Top 5 Events: March US Nonfarm Payrolls & EURUSD Price Outlook

Markets are expecting the weak February print of 20K to be a one-off; consensus calls for 170K.


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Top 5 Events: March ECB Meeting Minutes and EURJPY Price Outlook

At the March meeting, the Governing Council announced its intention to start a third TLRO program.


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Top 5 Events: March US Durable Goods & USDJPY Price Outlook

Q1’19 US GDP expectations continue to rebound after bottoming out at 0.2% in the second week of March.


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GBPUSD Eyes Support as UK Parliament Rejects Brexit Alternatives

GBP/USD tumbled towards trend-defining support as the UK Parliament voted again to reject all Brexit alternatives, increasing the risk of a ‘no deal’ divorce with the European Union.


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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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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...