Saturday, 20 April 2019

Gold Price Weekly Forecast: Outlook Soft Even as Brexit Comes Back in Focus, US GDP on Friday

Gold prices turned lower mid-week as the combination of strong US equities and a strong US Dollar has been historically negative for Gold prices.


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EURUSD Counts Down to a Break but Euro Itself a Short-Term Bear Swing

There is value in assessing the Euro’s technical potential through its most liquid cross – EURUSD – but traders would do well to consider the single currency’s own bearings which paint a very different picture than range.


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Euro Fundamental Outlook: EURUSD Crumbles on Euro-Zone Growth Fears

Markets are unforgiving, and the Euro is currently under the pump with very little currently in the way of support to help stem the ongoing sell-off.


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Gold Price Weekly Technical Outlook: XAU at Support, Fresh 2019 Lows

Gold is down more-than 5.5% from the 2019 high with price now probing support at fresh yearly lows. These are the levels that matter on the XAU/USD weekly chart.


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US Dollar Weekly Technical Outlook: Big Test of Resistance Nearing

The US Dollar Index remains confined within a big-picture wedge, a test of the top of this pattern is just on the horizon…


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US Dollar May Rise on Haven Flows as Markets Turn Defensive

The US Dollar may rise, buoyed by haven-seeking capital flows as financial markets bombarded with evidence of slowing global growth unwind exposure to risky assets.


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Friday, 19 April 2019

Sterling Week Ahead Technical Analysis - GBPUSD, EURGBP & GBPNZD

Sterling (GBP) continues to trade in restrictive ranges across a selection of currencies but headline GBPUSD may soon break below 1.3000 as the US dollar pushes higher.


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GBP Forecast: Will Sterling Stabilize with Brexit Risk in the Distance?

Expect fresh Brexit headlines next week with Parliament returning from recess following the UK's second extension to the EU Withdrawal Agreement. What should British Pound traders watch for?


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Crude Oil Price Forecast: 50% Off the Lows – Can Bulls Continue Rally?

Oil prices remained strong this week as price action held higher-low support; but bulls are getting shy around resistance is a retracement nearing?


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Crude Oil Prices Stalling Ahead of US Energy Earnings and GDP Data

The crude oil price outlook is neutral after the commodity and the S&P 500 stalled. Can Chevron, Exxon Mobil earnings fuel the dominant uptrend? Or will soft US GDP data sink oil?


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AUD/USD and EUR/AUD May Be at Turning Points, Facing Trend Lines

The Australian Dollar may be at a turning point against the US Dollar and Euro. AUD/USD uptrend eyeing rising channel support as EUR/AUD may enter downtrend, 2017 trend line eyed.


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Australian Dollar Faces The Big One As Official CPI Numbers Loom

The Australian Dollar has been resilient as global risk appetite has held up pretty well. However, the market can now look to official inflation figures. They may not help the bulls’ cause


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FX Week Ahead - Top 5 Events: Australia Inflation; BOC Meeting; US GDP and More

The Easter Monday-shortened week will feature several key events, as well as a return of Brexit developments to the news wires.


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Top 5 Events: Q1’19 US GDP & EURUSD Price Forecast

The initial Q1’19 US GDP report is due on Friday, April 26 at 12:30 GMT.


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Top 5 Events: March US Durable Goods Orders & USDJPY Price Forecast

The preliminary March US Durable Goods Orders report is due on Thursday, April 24 at 12:30 GMT.


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Market Cycles | Phases, Stages, and Common Characteristics

Markets have been cycling since the beginning of time and will continue to do so for as long as they exist; in this piece a blueprint is laid out for how these occur and signposts to watch.


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Top 5 Events: April Bank of Japan Meeting & EURJPY Price Forecast

The April Bank of Japan meeting is set to conclude on Thursday, April 24, sometime after 1:00 GMT.


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FX Price Action Setups in EUR/USD, GBP/USD, AUD/USD and USD/CAD

The US Dollar made a move in this week, but can bulls continue to press with a light economic calendar ahead? EUR/USD and GBP/USD retain breakout potential.


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Top 5 Events: April Bank of Canada Meeting & USDCAD Price Forecast

The April Bank of Canada meeting is set to conclude on Wednesday, April 24 at 14:00 GMT.


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How to Determine a Bull or Bear Market

Bull and bear markets are two very different animals - in more than one way. The ability to discern whether you are in a bull market or a bear market is fundamental for traders and investors alike.


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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...