Thursday, 9 May 2019

GBP/JPY Price Outlook: Significant Trading Levels and Zones

Downtrend Gaining Momentum Since mid-April, GBP/JPY has been leaning to the downside from the lower high created on


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JPY Dominates on Trade War Update, GBP Eyes Critical Support - US Market Open

Safe-haven flows have dominated FX markets with the CHF and JPY the major beneficiaries, most notably the latter rose to a 3-month high against the greenback.


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US Dollar Calm, Yen Strong as Volatility Threatens to Force a Break

Risk aversion signals continue to stack up as global stocks remain on their back foot. Last week's FOMC, dimming hopes of a US-China deal and Iran tensions in focus.


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US-China Trade Talk Worries Lift Havens, Gold and JPY Strengthen

Concern that the US-China trade talks could end without agreement is damaging market sentiment, benefiting safe havens such as gold, the Japanese Yen and US Treasuries.


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VIX Curve Inversion: A Bad Omen the S&P 500

A VIX curve inversion and record VIX net short positioning is unlikely to calm the nerves of equity investors. Previously, VIX curve inversions have preceded an equity market plunge.


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Japanese Yen Winning the Safe Haven Battle vs USD and Gold

Heightened trade war tensions between the US and China has fueled demand into safe haven assets with the JPY the notable beneficiary, rising to a 3-month high.


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USDNOK Drops as Norges Bank says Rates Will Likely Rise in June

The Norwegian Krone is strengthening after Norway’s central bank left interest rates unchanged but said its policy rate will most likely be increased next month.


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DailyFX Poll: Corbyn Could be Best Successor to PM May for GBP

Of the four leading candidates to replace Theresa May as UK Prime Minister, Opposition leader Jeremy Corbyn would be the most positive for the British Pound, according to a DailyFX poll.


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EURUSD Rate Vulnerable to Strong U.S. Consumer Price Index (CPI)

Fresh data prints coming out of the U.S. economy may drag on EUR/USD should the data prints highlight a diminish threat for below-target inflation.


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Wednesday, 8 May 2019

GBP Sighs on Brexit - EUR/USD Eyeing US Data, Trade Wars in Focus

Sterling found itself groaning recent Brexit developments, EUR/USD eyes US economic data and global markets are monitoring fragile US-China trade talks.


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S&P 500 Outlook Bearish, KOSPI Sinks on Trade Deal Breakdown Fears

Most equities fell in Asia as fears of a breakdown in US-China trade talks sunk the Nikkei 225 and KOSPI. Meanwhile, the S&P 500 looks poised to accelerate losses, eyeing support next.


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Australian Dollar Investors Should Watch US/China Trade Story Closely

The Australian Dollar gained sharply after its key domestic interest rate was held steady once again this month. Did trade talks swing the RBA's vote?


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Gold Prices Subdued at Resistance, Eying Fed Along With Crude Oil

Gold prices inch towards inevitable upside or downside breakout, eyeing a speech from Fed Chair Jerome Powell and increasingly tense US-China trade talks, along with crude oil prices.


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AUD _ After Chinese CPI Slips - US-China Trade War Ahead

The Australian Dollar largely ignored Chinese CPI data as trade negotiations between Beijing and Washington continue to dominate headlines and AUD’s price movement.


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Risk Aversion Lifts Japanese Yen, USDJPY Hits Retracement Support

The Japanese Yen has seen a good run of technical gains, but its strength has been fundamentally underpinned by risk appetite, which is fickle.


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Post-RBA AUDUSD Rebound to Take Cues From China CPI

Updates to China’s Consumer Price Index (CPI) may influence the AUD/USD exchange rate as the reading for inflation is expected to increase to 2.5% from 2.3% in March.


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BRL, Ibovespa Rise Up Central Bank Decision, Eyeing US-China Trade Talks

BRL and Ibovespa rose after the Brazilian central bank rate decision and commentary, though policymakers expressed concern about the future of the global economy and local pension reforms.


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GBP/JPY Support Taken Out on Brexit Talks, Japanese Yen May Rise

The GBP/JPY downtrend may accelerate with key support taken out under 143.79 on Brexit talks, US-China trade deal in focus. Sentiment warns bearish USD/JPY contrarian trading bias.


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Stock Market Update: DIS Earnings Impress, Market Awaits Trade Data

US stocks closed mostly in the red following a volatile day of trading. Traders will now look to Thursday’s trade balance data for insight into the US-China trade war.


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Latest US China Trade War Uncertainty Continues to Stir Forex Volatility

USD implied volatility remains bid following President Trump's threat to raise tariffs on China as trade talks break down. What currencies are reacting the most and where might spot prices head?


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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...