FX Week Ahead - Top 5 Events: EZ GDP and CPI; Canada GDP; FOMC; US NFP

The end of April and beginning of May will bring the usual supersaturated economic calendar this week.


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GBPUSD: 73.4% of Traders Remain Net-Long

Though traders are less net-long than yesterday and compared with last week, these changes are relatively small. As a result, the current sentiment suggests a bearish trading bias.


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EURUSD: Net-Short Positions Increased by 20.4% from Last Week

Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EURUSD trading bias.


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Gold: Prices May Continue to Fall

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.


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Top 5 Events: April US Nonfarm Payrolls & EURUSD Price Forecast

The April US Change in Nonfarm Payrolls report is due on Friday at 12:30 GMT.


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Top 5 Events: May Fed Meeting & USDJPY Price Forecast

The May Fed meeting will conclude on Wednesday, May 1 at 18:00 GMT.


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Currency Volatility: GBPUSD, NZDUSD, USDTRY Weekly Outlook

GBPUSD volatility covers BoE rate decision, where risks are for a hawkish dissenter, NZDUSD implied volatility highest among G10 currencies.


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Canadian Dollar Price Outlook: USD/CAD Pullback Eyes Breakout Support

Loonie is on firm footing early in the week the pullback now testing the origins of last week’s price breakout. These are the levels that matter on the USD/CAD charts.


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Top 5 Events: February Canada GDP & USDCAD Price Forecast

The February Canada GDP report is due on Tuesday, April 30 at 12:30 GMT.


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Silver Prices Near Large Reversal; Crude Oil and DXY in Terminal Waves

Elliott wave patterns for silver, crude oil, and US Dollar Index point to tired trends.


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Top 5 Events: Q1’19 Eurozone GDP and CPI & EURJPY Price Forecast

The Q1’19 Eurozone GDP report is due on Tuesday, April 30 at 09:00 GMT while the initial April Eurozone CPI report us due on Friday, May 3 at 09:00 GMT.


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Gold Price Forecast: Bearish Formations Remains in Play Ahead of FOMC

The outlook for gold remains mired by a head-and-shoulders formation, with the RSI highlighting a similar dynamic as it tracks the bearish trends from earlier this year.


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Weekly Trade Levels for Euro, Sterling, Loonie, Aussie, Gold & Oil

Webinar highlighting active trade setups we’re tracking into the weekly open. Here are the updated targets & invalidation levels that matter on the technical charts.


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GBPJPY, GBPUSD in Focus as Brexit Cross-Party Talks Continue

The next few days could prove to be critical for the Brexit saga.


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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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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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