Wednesday, 3 April 2019

Bitcoin (BTC) Price Outlook: A New Rally Simmering or a Bull Trap?

Bitcoin is back in the headlines with sharp gains over the last two days, sparking rallies across the board in the cryptocurrency market. The million-dollar question – is the rally sustainable?


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EURUSD Bounces Off Support on Firm Data and Softer Brexit Hopes

The Euro and German yields had been underpinned by a slew of better than expected services PMI figures. However, risks remain tilted to further Euro weakness.


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Gold Prices Helped By US Dollar Pullback But Topping Signs Remain

Gold prices got a lift as cross-currency flows weighed on the US Dollar but technical positioning continues to warn that a major top may be taking shape.


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GBPUSD Outlook Improves After May Reaches Out to Corbyn on Brexit

UK Prime Minister Theresa May is to open talks with Opposition leader Jeremy Corbyn in an attempt to reach a Brexit breakthrough. That has reduced the negativity surrounding the British Pound.


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GBPUSD Price Outlook: Sterling Technicals Turning Positive

The GBPUSD technical outlook is now starting to turn positive with cable back above trend and at a one-week high. Further gains may be on the cards if trend support holds.


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EUR/USD Eyeing Key Economic Growth Indicators in US and EU

EURUSD will be watching tomorrow’s cascade of key economic growth indicators out of the US and EU as both economies slow against the backdrop of rising tensions.


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Tuesday, 2 April 2019

Asian Stocks Gain On Trade Hopes As China, US Meet For New Talks

Trade was back to the forefront of Asia Pacific equity market trading as hopeful reports swirled before negotiators from the world’s biggest economies sit down yet again.


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AUD/CAD Outlook Bearish on Fundamental, Technical Considerations

The AUD/CAD outlook appears bearish, Canadian economic data may outperform. Technical signs warn that the pair may extend losses ahead, opening the door to testing 2016 lows.


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USDSGD, USDPHP Outlook Bearish. Indonesian Rupiah Forecast Neutral

The USD/MYR technical forecast is bullish while USD/SGD and USD/PHP outlook is bearish. Meanwhile, the Indonesian Rupiah is running out of room to consolidate against the US Dollar.


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AUD/USD Technical Analysis: Trend Bias Bearish in Choppy Trade

The Australian Dollar still looks biased lower against its US counterpart despite prices’ inability to break from a choppy range centered around the 0.71 figure.


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Japanese Yen Technical Analysis: USDJPY Bulls Eye 2019 High Again

The Japanese Yen continues to wilt against the US Dollar. With that pair’s uptrend quite firm the path back to this year’s peak looks clear


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AUD/USD Jumps Following the Release of Retail Sales, Trade Balance

AUD/USD skyrockets following the release of better-than-expected Australian retail sales and trade balance data. How long can the jump last?


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Dow’s Growth Rally Stalls, EURUSD Still Hasn’t Committed at 1.1200

The growth-led charge in risk assets to start the week, month and quarter has already stumbled. Will data ahead revive or capsize risk trends? Meanwhile, will EURUSD break or reverse at 1.1200?


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British Pound Gains on Cross-Party Brexit Deal Path, JPY May Fall

The British Pound rose as UK Prime Minister Theresa May sought a cross-party Brexit deal. Asia Pacific stock may trade higher, AUD/JPY remains in limbo after bearish price signals.


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British Pound Gains on Cross-Party Brexit Deal Path, JPY May Fall

The British Pound rose as UK Prime Minister Theresa May sought a cross-party Brexit deal. Asia Pacific stock may trade higher, AUD/JPY remains in limbo after bearish price signals.


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Second Quarter 2019 Forecasts for the US Dollar, Pound, Gold, Equities, and More

The first quarter of 2019 produced significant technical reversals across multiple asset crosses, setting up what should be a crucial second quarter of 2019.


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Gold Q2 Forecast: Bets for Fed Rate-Cut Fosters Bullish Outlook

Gold may continue to catch a bid in the second quarter of 2019 as the Federal Reserve adjusts the forward guidance for monetary policy.


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Equities Q2 Forecast: Stock Markets Feel Pressure of Waning Global Growth, Yield Curve

With the continued uncertainty from the US-China trade war, adverse effects from waning global growth and an inverted yield curve, the risks appear skewed to the downside for equities heading into the second quarter.


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US Dollar Q2 Forecast: Dollar Either Principal Safe Haven or Falling Star

Through March, the Dollar (via DXY) closed its fourth consecutive quarter of advance, that is the longest series of gains on that time frame since the similar stretch through the first quarter of 2009.


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Oil Q2 Forecast: How Will Crude Oil Prices Budge Between Weak Growth, Undersupply?

Can the downward pressure on crude oil prices from weakening global demand be offset by the stimulative measures from OPEC+ cuts, and from US-imposed sanctions on Iran and Venezuela?


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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...