Friday, 10 May 2019

Currency Volatility: EURUSD and AUDUSD Eye Data, US Tariffs

The risk of an expanding US trade war threatens the Euro and Japanese Yen while looming Australia jobs data places AUDUSD in jeopardy.


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GBPUSD: Net-Short Positions Decreased by 17.2% from Last Week

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


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EURUSD: Net-Long Positions Decreased by 20.3% from Last Week

Recent changes in sentiment warn that the current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.


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Gold: Net-Short Positions Increased by 10.1% from Last Week

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.


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S&P 500 Outlook: ETF Flows Suggest Flight to Currency Market

The S&P 500’s selloff has caused investors to flee from high-yielding and index-tracking exchange traded funds in search of safety. That said, safer funds have registered few inflows.


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EURUSD Rate at Support Ahead of Trump Auto Tariffs Decision

Spot EURUSD continues to hover around technical support near the 1.12 price level while traders await next week's looming decision from President Trump on taxing EU auto exports.


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CAD Soars After Canada Jobs Crush Estimates, Jump to 106.5K

Canada’s job numbers crushed estimates this morning coming in at 106.5k jobs added, crushing estimates of 11.6k putting Aprils beat as the highest on record


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USD/CAD Price Outlook – Looking for a break below 1.3376

From Bullish to Bearish: In the second half of April, USD/CAD has been leaning to the upside from the higher high created on April 24 at 1.3521


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USD/CNH Gains, Yuan Weakens as Risk Aversion Runs on Trump Tariffs

The US Dollar has been relatively quiet but, Asian currencies such as the Yen and the Chinese Yuan have remained on the move this week.


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Canadian Dollar Soars on Record Jobs Data, USD on Defensive - US Market Open

The Loonie soared after a blowout jobs report, which saw the headline figure post its largest gain on record at 106.5k.


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Will the Dow Jones and S&P 500 Price Reversals Hold?

Yesterday, the market continued to get hit rather hard before posting reversal days; follow-through needs to show up quick or else more selling becomes likely.


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY

USDCAD tops out above 1.35, key resistance curtails uptrend, while CADJPY remains fragile despite sizeable sell-off.


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Dollar, Euro, Australian Dollar, and Gold Charts for Next Week

Today, we took a look ahead to next week and what it may bring as trading biases begin to show clarity in several major currency pairs and markets.


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Gold Price Outlook: Key Resistance Limits Rise, Risk Aversion May Spark Breakout

Gold prices are on course to post a weekly gain (+0.4%) as rising trade war tensions between the US and China spur safe-haven flows. Critical resistance however, has capped further gains.


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GBPUSD Brushes off UK GDP Growth, US CPI May Offer Guidance

Sterling failed to gain some ground as both EURGBP and GBPUSD were trading flat after UK GDP figures were in line with expectations.


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Quantitative Trading Strategies with Mathew Verdouw | Podcast

Learn about quantitative trading strategies with top market technician Mathew Verdouw on our DailyFX podcast.


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EUR/GBP Eyeing Range Ceiling Again as Euro and Pound Consolidate

EUR/GBP rose on key support as the Euro gained following bullish technical and sentiment signals, but it remains in a consolidation mode between 0.8472 and 0.8698 since February.


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Thursday, 9 May 2019

Upbeat U.K. GDP Report to Curb GBP/USD Losses

Updates to the U.K. Gross Domestic Product (GDP) report may spark a rebound in GBP/USD as the growth rate is expected to pick up from the last three-months of 2018.


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GBP Eyes UK GDP - EUR/USD Watches EU Industrial Data, US CPI

Sterling will be watching UK GDP, though its impact may be limited by headline risk posed by Brexit. European industrial production and US CPI will key EUR/USD traders on their toes.


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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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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...