Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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Monday, 13 May 2019
S&P 500 Suffers Largest Gap Lower Since 2009 as Trade War Rages
The S&P 500 suffered its largest gap lower in over a decade on the back of China’s retaliation in the ongoing trade war.
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Bitcoin: Traders Net-Short Increased by 27.8% from Last Week
Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.
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AUDUSD Eyes 4-Month Low on Trade War Escalation & RBA Cut Bets
The Australian Dollar trades near its lowest level since the January JPY flash crash amid news that China will retaliate against US tariffs while this week's job report looms.
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Crude Oil Price Chart: WTI Holding Support, but Will it Last?
Crude oil is holding onto a powerful reversal day and attempting to trade higher; support is to be trusted until broken for now.
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Currency Volatility: Japanese Yen Upside Risk Surpasses Flash Crash Levels
JPY volatility has been reignited by the latest trade war escalation, which sees investors seeking protection against further gains, now the highest since last year’s VIX explosion.
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Weekly Technical Forecast: Dow, Dollar, Gold Quiet Raises Red Flags
Just as breakouts had failed to take traction the week before, reversals from global equities, the Greenback and commodities this past week would not draw clear commitment from the markets. With volatility set to rise, can the markets continue to refuse a course of direction?�
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Weekly Trading Forecast: US-China Trade War Escalation Unnerves Risk
Complacency is increasingly dangerous with growth signals flagging and Trump considering another course trade conflict via autos.
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USD/CHF Price Outlook- What Now After Breaking 1.0134?
Bearish development after a quiet period of trading: On April 26, USD/CHF rallied to 1.0237, its highest level in almost 28 months, but began pulling back the same day
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US Dollar, S&P 500 Spike Lower As China Announces Tariff Retaliation
Trade Wars Return as China Announces Retaliatory Tariff Measures. US Dollar and US equity futures spike lower in reaction.
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Gold Price Failing to Benefit as US-China Trade War Rhetoric Ramps Up
The price of gold is lagging behind other safe havens like the Japanese Yen as hopes of a trade deal between the US and China continue to ebb away.
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Crude Oil Soars, JPY Gains, AUDUSD Tests 4-Month Low - US Market Open
Deteriorating risk sentiment continue to pressure equity markets, which in turn has seen the JPY and CHF outperform, while AUDUSD tests 4-month lows.
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Crude Oil Price Resumes Its Advance as Saudi Tankers Attacked
News that two Saudi oil tankers have been attacked off the coast of the United Arab Emirates has raised fears of supply disruptions and boosted the price of crude.
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COT Report: Japanese Yen Bears Head for Exit, GBPUSD Net Shorts Rise
Amid the rising stock market volatility and trade war tensions investors cut their bearish exposure on the Japanese Yen.
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GBP Volatility Likely as a Leadership Challenge to May Comes Closer
GBP pairs may experience increased volatility in the coming weeks if Theresa May is forced to resign as she faces increasing challenges to her leadership.
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FTSE 100 Outlook – 200-day in Play but May Not Matter
Last week, the FTSE decisively broke trend support and is trading around the 200-day MA; it may not be a meaningful level as global markets continue to weaken.
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GBP Price Outlook: Traders Hold Their Nerve Despite Brexit Pessimism
GBPUSD is stable at close to the 1.30 mark after last week’s falls but will likely break to the downside unless there is progress in the Brexit talks between the Conservatives and Labour.
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NOK, SEK Tremble Ahead of US-China Trade War News, EU Growth Data
The Swedish Krona and Norwegian Krone will be on their toes as US-China trade relations sour and European growth indicators may continue to show regional weakness.
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Sunday, 12 May 2019
AUDUSD Rate Outlook Mired by Monthly Opening Range, Dovish RBA
AUD/USD may continue to consolidate ahead of Australia’s Employment report as the RBA meeting fails to spur a break of the monthly opening range.
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Yen Aims Higher as US-China Trade War Deepens, Spooking Markets
The anti-risk Japanese Yen may continue to push higher while the likes of AUD and NZD fall with stocks US-China trade war escalation spooks financial markets.
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