The Bank of England (BoE) interest rate decision may curb the recent decline in GBP/USD should the central bank endorse a hawkish forward-guidance for monetary policy.
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Saturday, 27 April 2019
British Pound Weekly Forecast: Price Outlook Choppy as Brexit Talks Share Spotlight with BOE Meeting
With Brexit talks still dominating traders’ attention when it comes to the British Pound, the May Bank of England meeting will likely see policymakers sidelined – again. Will UK PM Theresa May be sidelined too?
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Friday, 26 April 2019
Dollar, S&P 500 and Oil Trends Depend on Fed, Trade Wars, Risk Appetite
US earnings proved capable of volatility in certain areas of the global risk market, but ultimately they fell short of spurring trends. Indices like the S&P 500 and benchmarks like the Dollar have staged breakouts and need something more tangible to provide lift.
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Crude Oil Price Forecast: Favorable Forces Remain Despite Sharp Drop
The price of crude oil fell hard at the end of the week, but all hope is not lost for bulls despite ominous technical clouds forming overhead.
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Crude Oil Price Declines May Accelerate on Fed, Soft US Econ Data
After crude oil prices fell by the most in two months this past week, the commodity may find itself at risk if the Fed doesn’t hint at cutting soon. US data may put OPEC supply fundamentals on the sidelines.
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Crude Oil, Gold Price Action Sees ETF Traders Reduce Exposure
Bullish gold traders were offered a brief reprieve this week as the price of the precious metal rebounded but ETF traders may be unconvinced as they continue to reduce exposure.
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Weekly Trading Forecast: Heavy Seas Between Fed Decision, EZ GDP and Trade Wars
This past week was spiked with a few key events like the US 1Q GDP release and an active theme in US earnings.
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Aussie Price Forecast: AUD/USD, AUD/JPY Near Critical Support
The Aussie had a difficult week, pretty much across-the-board. But a big long-term level was tested in AUD/USD and AUD/JPY has pushed back to range support.
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Battered Australian Dollar Could Face Yet More Disappointing Data
The Australian Dollar could see some of the clear current pressure on it relieved by the Fed, but there remains clear scope for data disappointment and more weakness seems likely
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Top 5 Events: April Bank of Japan Meeting & EURJPY Price Forecast
Japanese markets are about to embark on their longest holiday in the post-World War II era.
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Currency Volatility Could Ignite with EZ GDP, FOMC, US NFP Next Week
Next week is chalk-full of potential risks surrounding major economic events and data releases that could easily stoke market volatility. What risks and forex pairs should traders keep an eye out for?
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Japanese Yen Flash Crash Warning on High Alert - Calm Before the Storm
Markets are on high alert for a potential flash crash to prompt a surge in volatility with Japanese markets closed for the longest period since World War 11.
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Near-term Trade Setups in AUD/USD and GBP/USD
An update on near-term trade setups we've been tracking in Aussie (AUDUSD) and Sterling (GBP/USD). These are the targets and invalidation levels that matter next week.
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FX Price Action Setups in EUR/USD, GBP/USD, USD/CHF and USD/CAD
The US Dollar broke out to fresh 22-month highs this week. And next week's economic calendar is loaded with event risk. Can USD bulls maintain?
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USDCAD Breakout Stalls Ahead of US NFP Report as GDP Fails to Impress
USD/CAD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report on tap for May 3 as it snaps the series of higher highs & lows from earlier this week.
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Crude Oil Price Crumbles on Trump Call to OPEC Despite US GDP Beat
Crude oil dropped a whopping 4 percent before trimming losses following reports that President Trump called OPEC to put pressure on the oil cartel to increase market supply and send prices lower.
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Oil Weekly Price Outlook: Crude Rally Stalls- Correction Underway
Oil prices risk a larger pullback after posting fresh yearly highs this week. These are targets & invalidation levels that matter on the crude oil weekly chart.
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Gold Forecast Turning Bullish as Price Returns Back into Triangle
A return into a consolidation can underpin a “false breakout,” which, if so, may mean that Gold prices may have more room to run higher.
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US Dollar Price Outlook: USD Holding at Fresh Highs, Bend or Break?
The US Dollar broke above the triangle formation this week, but next week's economic calendar is loaded with risk items, including FOMC: Time to make or break.
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USD Whipsaws Despite Q1 GDP Smashing Expectations - US Market Open
US Q1 GDP smashed expectations at 3.2% vs. Exp. 2.3%. However, details within the report offset excitement, pushing the USD lower.
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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...
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