Monday, 29 April 2019

Weekly Technical Forecast: Key EURUSD, Nasdaq and Crude Oil Breaks Need Follow Through

We have experienced a number of key technical breaks just this past week alone. The Dollar broke to a near two-year high, the Nasdaq revived its charge to record highs and crude oil has put in for a tentative reversal.


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US Dollar Price Outlook: USD Tests Support to Start Big Week of Data

The US Dollar broke-out last week amid a seeming lack of drivers, but this week's calendar is loaded. Can Dollar bulls extend the move as USD holds higher-low support?


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GBPUSD Holds 1.29, Crude Oil Bounces Off Support - US Market Open

A relatively muted session thus far with major USD pairs trading in tight ranges. GBP holds above 1.29 with eyes on elections & BoE monetary policy decision.


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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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Sterling (GBP) Price Outlook - A Seriously Busy Week Ahead

Sterling opens the week a touch higher across the board but with so many different heavyweight data releases, coupled with BoE and FOMC decisions and US NFPs, volatility is likely to ramp up.


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Crude Oil Price Reversals Suddenly Shift Outlook Lower

Crude oil was hit hard on Friday, helping forge bearish weekly reversal candles; shifts focus towards lower prices.


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EURUSD Brushes Off Consumer Confidence Weakness, Heavyweight Data Ahead

The Euro uptrend is tested as the Eurozone’s Economic Confidence figure comes in slightly worse than expected, at 104 (Exp. 105) and Consumer Confidence remains unchanged at -7.9.


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COT Report: Euro Shorts Looking Crowded, USD Longs Continue to Build

Speculators have boosted their USD long positioning yet again, Euro shorts are beginning to look crowded, while GBP net positioning is back to short.


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Gold Price Rebound Under Threat, Silver Battles Conflicting Signals

Gold and silver continue to draw attention with both now looking for their next move after Friday’s price action. There is a lot of potential risk events this week – will that boost the pair?


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S&P 500, DAX Fundamental Forecast: Focus on FOMC, NFP & Apple Earnings

The S&P 500 moved within touching distance of its record peak, while the DAX outperformed relative to its major counterparts.


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Dollar May Rebound on Soft US PCE Data, S&P 500 May Be Topping

The US Dollar may return on the offensive if soft PCE data stokes haven demand. S&P 500 technical positioning bolsters the case for on-coming risk aversion.


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Sunday, 28 April 2019

Asian Stocks Mixed Despite US Tailwind, Tokyo’s Long Absence Starts

Regional mainboards will have to do without holiday-closed Japan until well into May. Judging by Monday’s showing that could make for a serious reduction in trading action


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Gold Prices Surge on US GDP Data, Chart Still Warns of Topping

Gold prices surged as US GDP data drove Treasury bond yields and the Dollar lower. Chart positioning still hints a major top has been established however.


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USD/SGD May Rise on Fed as Crude Oil Weakness Stems USD/PHP Rise

The US Dollar may rise versus the Singapore Dollar on the Fed as a cooldown in crude oil prices supports the Philippine Peso. China Manufacturing PMI may surprise higher, boosting MYR.


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ASX 200 Holds Near 11-Year Highs as Key Bank Earnings Approach

The ASX 200’s impressive run higher has taken it up to peaks not seen since late 2007, where it seems to be holding as a key fundamental week approaches


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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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US Dollar Fell on Mixed GDP, Crude Oil Prices at Uptrend Support

The US Dollar fell on mixed GDP data, crude oil prices dropped to uptrend support as Trump pressured OPEC to lower prices. Japanese markets are offline, offering less liquid conditions.


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Weekly Technical Forecast: Key EURUSD, Nasdaq and Crude Oil Breaks Need Follow Through

We have experienced a number of key technical breaks just this past week alone. The Dollar broke to a near two-year high, the Nasdaq revived its charge to record highs and crude oil has put in for a tentative reversal.


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Dow Jones, S&P 500, DAX 30 and FTSE 100 Technical Forecast

The S&P 500 trades narrowly beneath its all-time high which has offered resistance while the DAX faces resistance at a key Fib level.


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S&P 500, FTSE 100 Outlook: Trade War Deadline, Brexit Vote, Fed Powell Testimony in Focus

The S&P 500 moved within touching distance of its record peak, while the DAX outperformed relative to its major counterparts.


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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...