EURUSD hits a 22-month low Wednesday and continues to probe the downside on a toxic combination of tepid Euro-Zone growth and a rampant US dollar
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Thursday, 25 April 2019
Yen Up Before Golden Week, May Extend Rise on Risk Trends
The Japanese Yen rose ahead of the Golden Week holiday in Japan. Souring risk appetite amid deepening global growth concerns may see further headway made.
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FTSE Breaking Trend-line, Pulling the Rug; Chart Setting Up for More Losses
The FTSE broke above resistance on Tuesday but is now on the verge of losing the breakout with room to go on the downside as extended.
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Wednesday, 24 April 2019
Swedish Krona Forecast: Riksbank Rate Decision Ahead
Swedish Krona traders are biting their nails as the Riksbank prepares to announce its rate decision and outlook on policy.
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KOSPI Falls, South Korea GDP Contracts. Euro Stoxx 50 Uptrend at Risk
Equities traded mixed in Asia with the KOSPI weighed down after South Korean GDP unexpectedly contracted. Before Amazon earnings, the Euro Stoxx 50 uptrend is facing indecision.
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Gold, Crude Oil Prices at the Mercy of Corporate Earnings Flow
Gold and crude oil price action is likely to reflect the response of broad-based market sentiment trends to an incoming flood of first-quarter corporate earnings reports.
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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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