Wednesday, 24 April 2019

Japanese Yen Takes BoJ Growth Call Cut In Stride, Policy Settings Held

The Japanese Yen was steady as the BoJ left its monetary settings alone and cut forecasts for both growth and inflation yet again.


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Watch Nasdaq Versus Dow On US Open, Dollar Earns Its Break

Earnings were in peak form this past session between trade and growth-oriented bulwarks like Boeing and speculative favorites such as Facebook. With risk trends in focus ahead, will the Dollar draw from this common source as well?


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Nikkei 225 Chart Hints Uptrend May Be Tiring, BOJ Rate Call Eyed

The Nikkei 225 continues to perform impressively but may need to negotiate a packed Japanese holiday period before striking out toward key resistance


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Will BOJ Monetary Policy be Pressured by US-Japan Trade Talks?

BOJ monetary policy may be put under pressure from the upcoming US-Japan trade talks where the topic of currency manipulation may be a key sticking point in the negotiations.


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USD/JPY Uptrend at Key Resistance Before BoJ, CAD Trims Drop on BoC

The US Dollar and Japanese Yen rose as the Canadian Dollar trimmed losses despite the BoC dropping its rate hike bias. USD/JPY sits under key resistance in its uptrend before the BoJ.


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Gold Price Outlook Mired by Head-and-Shoulders Formation

The price for gold bounces back from a fresh yearly-low ($1266), but there appears to be a broader shift in market behavior as a head-and-shoulders formation unfolds.


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Stock Market Update: Earnings on Tap for BA, INTC and AMZN

US indices traded lower on Wednesday after a series of mixed earnings from key firms. On Thursday, Amazon and Intel will offer their own quarterly reports.


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Currency Volatility: Japanese Yen Eyes Upcoming BOJ Rate Decision

With the Bank of Japan interest rate decision slated for Thursday's session, forex traders could experience increased price action in JPY currency crosses.


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EURUSD Forecast: Relative Strength Index (RSI) Offers Bearish Signal

The break of the March-low (1.1176) brings the downside targets on the radar for EUR/USD as the bearish momentum appears to be gathering pace.


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Aussie Price Outlook: AUD/USD Collapse Targeting 70 Support

Aussie collapsed through the April range lows with price now targeting big figure support. Here are the targets & invalidation levels that matter on the AUD/USD charts.


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How to Be a Part Time Trader: Tips on Workflow and Strategy

If you want to become a part time day trader, you'll need to learn to use your spare time to trade the FX market at strategic price points.


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Gold Price Forecast Could Turn Bullish Above This Key Level

Even as the US Dollar presses a breakout attempt at fresh yearly highs, Gold prices have stabilized in recent days. Is the downturn over?


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A Guide to Support and Resistance Trading

Learn to trade forex using support and resistance levels. Our guide explores top support and resistance trading strategies for executing trades.


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Canadian Dollar Swoons in Response to Dovish Bank of Canada Remarks

Despite the Bank of Canada maintaining its overnight rate target at 1.75 percent as expected, dovish language found in the April monetary policy update is putting downward pressure on the Canadian Dollar.


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Sterling Weekly Price Outlook: GBP/USD Breakdown Searches for Support

Sterling broke a multi-month consolidation pattern last week with price now eyeing broader uptrend support. Here are the levels that matter on the GBP/USD weekly chart.


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Live Event Coverage: Bank of Canada Rate Decision

Join Senior Currency Strategist Christopher Vecchio, CFA for live coverage of the April Bank of Canada meeting.


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EURUSD at Risk of Breakout, AUDUSD Drops as Soft CPI Fuels RBA Rate Cut Bets - US Market Open

As the USD continues to edge higher, the Euro is back towards critical support, whereby a downside break of its multi-month range paves the way for deeper losses.


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US Dollar Price Action Setups in EUR/USD, USD/CAD

The US Dollar perched up to a fresh yearly high yesterday, but buyers haven't been able to make much ground beyond. USD/CAD is testing key resistance ahead of BoC.


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USDCAD Rate Risks Near-Term Breakout on Dovish Bank of Canada (BoC)

The Bank of Canada (BoC) meeting may fuel the recent advance in USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75% in April.


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GBPUSD Price Battling Brexit Division and US Dollar Dominance

Sterling volatility is likely to increase over the coming weeks as the UK Parliament continue Brexit discussions with time running out before the European elections next month.


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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...