Tuesday, 2 April 2019

British Pound Q2 Forecast: Sterling’s Future Defined by Brexit Outcome

Nearly three years after the UK voted to leave the European Union (EU), the situation is no clearer than it was on day one – but that could change in the second quarter.


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Japanese Yen Q2 Forecast: A Haven in a World Which Needs One

The Japanese Yen spent much of the first quarter under pressure.However, as March bows out, it seems that that risk appetite is at last buckling.


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Euro Q2 Forecast: Weak Price Outlook amid Political Uncertainty, Heightened Growth Concerns

The European economic environment yields nothing more than a gloomy picture, which could continue to hobble the Euro into the second quarter.


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Australian Dollar Tumbles After Dovish RBA Despite Unchanged Rate Cut Bets

Dovish language from the Reserve Bank of Australia sent spot AUDUSD prices plunging to their lowest level since March 14, but OIS probabilities for future rate cuts remain largely unchanged.


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Traders Look for Reason Behind Bitcoin Rally - Here’s 1 Possible Answer

It was the best day of the year for cryptocurrency markets, and Bitcoin’s best day since December 26, 2017.


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AUD/USD Forecast: Narrowing Trade Surplus to Fuel Post-RBA Weakness

AUD/USD threatens the range-bound price action from the previous week, with Australia’s Trade Balance report anticipated to show a narrowing surplus in February.


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S&P 500 Outlook: Index Eyes Services Data, Trade War Progress

The S&P 500 will look to Wednesday’s release of ISM services data while headlines regarding the US-China trade war could see investors double-down on recent optimism.


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Brexit Latest: GBPUSD Moves Above 1.3100 as UK PM May Seeks Extension

UK PM May will seek another short-term extension to the Brexit deadline (currently April 12) while calling for "national unity."


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Near-term Trade Setups in EUR/USD and NZD/USD

An update on near-term trade setups we've been tracking in EUR/USD and NZD/USD. These are the targets and invalidation levels that matter this week.


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Sterling Price Outlook: Pound at Key Support as Brexit Saga Continues

Sterling is trading within the confines of a near-term consolidation pattern just above key support. Here are the levels that matter on the GBP/USD charts this week.


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EURUSD: Traders Net-Long Increased by 75.1% 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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Bitcoin Net-Long traders Increased 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 Bitcoin-bearish contrarian trading bias.


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S&P 500 : Traders Remain Net-Short

Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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GBPUSD: Traders Net-Long Increased by 33.1% from Last Week

Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.


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EUR/USD Fails to Test 2019-Low as U.S. Durable Goods Orders Disappoint

EUR/USD fails to test the 2019-low (1.1176) following the U.S. Durable Goods Orders report, with the exchange rate still tracking the range from the previous month.


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US Dollar Eyes Breakout as US Yields Rise Alongside Growth Expectations

Yesterday produced the fifth-largest gain by the US Treasury 10-year yield since US President Donald Trump’s election.


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EURUSD Breaks Below 1.12, GBPUSD Drops on Brexit Deadlock - US Market Open

Euro briefly dips below 1.12, while GBP gives up recent gains on Brexit deadlock. AUD upside limited in short term as RBA provides cautious outlook.


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Crude Oil Price Challenges Channel Resistance

The price of US crude oil has hit its highest level since November last year and shows signs of breaking above the resistance line of a channel it has been trading in for the whole of 2019 so far.


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Market Sentiment Boosted by PMIs | Webinar

Trading sentiment seems to be improving after the manufacturing PMIs came in better than expected and concerns about a recession recede.


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Trading Outlook for EURUSD, AUDUSD, AUDNZD, Gold Price & More

The Euro is slowly working its way into support, AUD looking heavy again on a couple of fronts, while flirts with breaking support.


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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...