Thursday, 9 May 2019

USDNOK Uptrend Continues Despite Hawkish Norges Bank, US CPI Next

USD/NOK initially sunk following the Norges Bank rate decision and commentary, but the pair quickly recovered and resumed their dominant uptrend. Next up: US CPI.


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Most Asian Stocks Hold Up Despite US Tariff Move, Trade Talks Eyed

Friday was really all about US/China trade for Asia Pacific stock markets. The Reserve Bank of Australia’s monetary policy statement provided a momentary diversion.


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Dollar, Yuan, S&P 500 and Emerging Markets Hold Breath for Trade Wars

Trade wars are the market’s principal concern heading into the close of the week – and it is likely to remain a top issue into next week. Watch the indices, Dollar, Pound and Loonie for volatility ahead.


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Crude Oil Prices Attempt Resistance Breakout, Gold Eyeing US CPI

Crude oil prices are attempting to clear resistance on US-China trade deal bets, gold prices eye US CPI data while sentiment signals hint of a bearish XAU/USD contrarian trading bias.


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Australian Dollar Drifts Upwards Despite RBA GDP, CPI Downgrades

The Australian Dollar rose slightly after an RBA Monetary Policy Statement which, while hardly upbeat, was probably a shade less dovish than the market.


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Oil Price Forecast: Bullish Momentum Abates Ahead of OPEC Meeting

The price of crude oil stands at risk for a larger pullback ahead of the OPEC meeting on May 19 as the bullish momentum abates.


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AUD/USD, NZD/USD, GBP/JPY Trends Await Final Hour of Trade Talks

AUD/USD, NZD/USD and GBP/JPY are eyeing the final hour of US-China trade talks, with US tariffs on roughly $200b in Chinese imports set to increase from 10% to 25% around 4:00 GMT.


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Currency Volatility: USDJPY, GBPUSD and USDCAD in Focus

Implied volatility for USDJPY remains bid owing to the latest trade war uncertainty while upcoming economic data highlights the British Pound and Canadian Dollar.


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Dow Jones, S&P 500, Nasdsaq 100 Price Outlook

After a rebound into Thursday’s close, here are the price levels to watch for the Dow Jones, S&P 500 and Nasdaq 100 ahead of the US-China trade war deadline.


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Trade War Tension and the Impact on the FX Carry Trade

With recent drops in the global equity market, carry trades may be affected further.


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Sell in May and Go Away: Should You Sell Stocks in the Dow?

"Sell in May and go away" is a stock market anomaly adopted by investors due to historically low equity returns during the summer months of May through September recorded in the Dow Jones Index.


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S&P500 correcting in wave 4 pullback?

With the S&P500 recently making slight new highs, investors and traders are beginning to wonder if a correct is about to begin.


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Stocks Rebound After Trump Comments Spur US-China Trade War Optimism

US stocks mounted a recovery effort in afternoon trading after a series of comments from President Trump offered optimism that the US-China trade war may still find a resolution ahead of Friday’s deadline.


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Crude Oil Price Congests After 60 Support, Can Bears Make a Mark?

Crude Oil prices have calmed after a rally of more than 50% from the lows. The bigger question is whether this is a pullback or the start of a reversal.


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Gold Price & Silver Outlook Still Favors Sellers

Precious metals continue to trade heavy as confluent resistance stands in the way for gold price, silver has its own angle of resistance standing in its way as well.


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USDJPY Price Chart Tests Support Amid Trade War Uncertainty

The sharp selloff in USDJPY owing to heightened trade war risks has pushed spot prices below the 110.00 handle where critical support is now being tested.


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US Trade Falls to a Deficit with Canada, Exports to China Increase

The US trade balance with Canada fell from a surplus to a deficit in March as exports fell and imports increased as the new USMCA deal faces resistance alongside the US-China trade deadline.


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S&P 500 Tumbles as Trade War Tensions Spark US Yield Curve Inversion

US yield curve inverts for the first time since March, however, don’t expect a recession is coming just yet. The US look set to hike tariffs to 25% from 10% however, a trade deal remains the base case.


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Why Trading Execution and High-Frequency Trading Algorithms Are Gaining Popularity

Algorithms are being more and more used, and the two main methods are algorithms for execution and high-frequency trading.


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GOOG Weighs on FAANG Like FB Did Last Year, Bad Sign for the Nasdaq 100

Last year Facebook was the first to break a couple of months before the market topped, Google has a similar look these days; so goes FAANG goes the NDX goes the whole market.


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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...