Saturday, 27 April 2019

EURUSD Weekly Technical Outlook: Euro May Bounce, but Buyer Beware

The Euro dropped to near two-year lows last week but found some buyers late; general tone favor lower prices soon; DXY should continue its breakout.


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EUR Forecast: Traders Eye Eurozone GDP, Jobs, CPI Data Upcoming

The Euro came under renewed pressure after suffering steep losses against the US Dollar and the Japanese Yen since last Friday. Could EUR face additional downside next week with Eurozone GDP and Inflation data on deck?


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Gold Prices Earn Biggest Week Rally in Three Months, Is This a Reversal?

Gold prices earned a meaningful recovery through the second half of this past week, charging the best week’s climb in three months. Similar moves of this scale have triggered bull phases recently, but does tha hold here?


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Gold Price Outlook: A Week Packed Full of Major Risk Events and Data

A deluge of high importance data releases and two major central bank interest rate decisions may buffet gold all next week, with the latest US non-farm payrolls to bring the week to a close, just for good measure. Add in low liquidity in Asia and traders will need to be on their toes for sharp bouts of risk and volatility.


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US Dollar Weekly Price Outlook: Rally at Multi-year Trend Resistance

The Dollar is testing confluence resistance at fresh yearly highs and leaves the immediate price advance vulnerable. Here are the levels that matter on the DXY weekly chart.


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US Dollar May Rise Further as a Cautious Fed Spooks Markets

The US Dollar may continue higher as a cautious tone from the Federal Reserve despite recently rosy data spooks financial markets and inspires haven demand.


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GBPUSD Rate to Stage Larger Rebound on Hawkish BoE Forward-Guidance

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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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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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...