Bitcoin (BTC) continues to lead the cryptocurrency market higher and is making a fresh attempt at a noted technical level which, if broken, sees a potential jump to $6,000+ in the short-term
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Tuesday, 23 April 2019
COT Report: GBPUSD Net Long for the First Time Since June 2018
USD bullish bets on the rise yet again following a surge in JPY net short positioning. Speculators turn net long on the Pound for the first time since June 2018.
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Canadian Dollar Outlook Positive as Crude Oil Prices Head Higher
CAD has so far shown little response to climbing oil prices but USDCAD could be set to fall given the Canadian Dollar’s positive correlation with the price of crude.
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Crude Oil Extends Gains, Iran Threatens to Close Major Oil Chokepoint
Yesterday saw a somewhat surprising announcement by the US to end all waivers on imports of Iranian oil, which in turn saw crude oil futures surge to fresh 6-month highs.
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Gold Price Struggles, Silver Continues to Test Noted Support
Gold remains near its lowest level in three months and is struggling to get any upside momentum. Silver continues its battle with the long-term moving average.
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Yen, US Dollar May Gain on Downbeat Corporate Earnings News
Currency markets hint at anxiety as the first-quarter corporate earnings season resumes. Worrying outcomes may boost the US Dollar and the Japanese Yen.
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Monday, 22 April 2019
Crude Oil Prices Pushing USD/NOK Down - USD/SEK Faces Resistance
The recent surge in crude oil prices have pushed USDNOK again dangerously close to the lower bound of the rising support channel while USDSEK struggles to break above 9.3110.
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S&P 500 Reversal Eyed as Uniqlo Weighs on Nikkei 225, JPY Rises
The Japanese Yen rose as local apparel-retailing giant Uniqlo weighed on the Nikkei 225 in Asia trade. Ahead, the S&P 500 may turn lower as Twitter, Harley-Davidson earnings are eyed.
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Gold Prices Eye Bond Yields, US Dollar Response to Earnings Reports
Gold prices are eyeing the response from Treasury bond yields and the US Dollar to incoming first-qurater corporate earnings reports for direction cues.
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Brazilian Real, Ibovespa Hold Their Breath on Pension Reform Vote
The Brazilian Real and Ibovespa will be on their toes as lawmakers in Brazil’s legislature vote on the constitutional legality of Bolsonaro’s pension reforms.
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USD/PHP Eyes Reversal as Crude Oil Revives 2018 Peso Selloff Fears
The Philippine Peso fell as crude oil prices rose on Iran supply disruption fears. USD/PHP broke key resistance. Higher petroleum prices may reignite 2018 Peso selloff if CPI climbs.
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ASX 200 Technical Analysis: Bulls Drive As Septembers Highs Beckon
The ASX 200 looks pretty solid near its highs for this year and traders may see its uptrend as still viable. However, forays above 6000 are typically short and caution is still warranted.
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A Return of Liquidity Meets Earnings and a Potent S&P 500 Pattern
The long holiday weekend is passed, but does that mean the markets are going to restore volatility and/or trend? The S&P 500 is loaded in a head-and-shoulders pattern while the Dollar continues to traverse a very narrow path.
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Euro at Risk as US Ends Iran Oil Waivers - Trade War Tensions Rise
The Euro could suffer after the US’ recent decision to end all Iranian oil-importing waivers. The conflicting geostrategic approaches to Iran between the EU and US may strain already-tense trade relations.
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NZD/CAD Near Breakout, Sentiment Warns of Crude Oil Price Reversal
The Canadian Dollar outperformed as the US sought to end sanction waivers for Iran oil imports. NZD/CAD left at critical turning point as sentiment warns oil price reversal ahead.
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Lessons for Traders On Extreme Volatility from 2017 and the Summer of 2014
Despite jolts of volatility for financial markets in 2018, fear of further distress has all but vanished through 2019’s open. Sinking to extreme lows once again, what can we learn from the history of volatility to prepare for the future?
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The Uncertain Impacts of Trade Wars on Harley and Huawei
The effects of the EU-US trade war on Harley Davidson will be evident in Tuesday's earnings report.
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S&P 500 Earnings Season: Implied Volatility for Tomorrow’s Top Stocks
With roughly one-third of all S&P 500 components due to report earnings this week, single-stocks will offer an unfamiliar taste of volatility as the broader-market awaits US GDP.
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Silver Prices May Outperform Gold and USD/JPY Continues Up Trend
Elliott wave patterns for silver and gold point to a tired downtrend. USD/JPY continues to rally in motive waves keeping the longer term forecast alive.
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Kiwi Weekly Price Outlook: NZD/USD Breakdown Searches for Support
Kiwi broke below multi-month range support last week with the decline now probing below yearly open support. Here are the levels that matter on the NZD/USD weekly chart.
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