Thursday, 16 May 2019

Australian Elections Preview - How Will Markets React?

As polls show that Labor has a small victory over the Coalition, the composition of the Senate is going to be key for the governing party to pass its policies. Labor’s policies may spook traders if they believe Bill Shorten will implement his campaign promises.


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US Dollar Rises, EURUSD Targets 2017 Lows as Fed Rate Cut Bets Cool

The US Dollar extended gains alongside the S&P 500 with rising bond yields, EUR/USD cleared support and the Euro may retest June 2017 lows again on market positioning signals.


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Volatility Jumps Across FX, Stocks, Bonds, Gold as Risks Rise

What might the trend and relationship of volatility for various assets suggest about the global markets?


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Traders Should Limit Equity Exposure Ahead of Auto Tariff Deadline

Without a statement from the President himself regarding the Section 232 auto tariff investigation, holding equity exposure over the coming weekend has heightened risk.


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S&P 500 Rallies on Earnings Despite Warnings of Trade War Impact

The S&P 500 is timidly in the green for the week after a series of strong earnings bolstered the Index - despite concerns regarding the US-China trade war.


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Gold Price Recedes from 1-Month High as Yields Rebound

XAUUSD collapsed below the psychologically-important $1,300 price level as rebounding yields and recovering risk appetite sent gold tumbling.


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EURGBP Extends Winning Streak as Brexit Uncertainty Weighs

EURGBP extended its daily winning streak to 9-days after a series of breakdowns in Brexit dealings have eroded market confidence that cross-party talks can progress.


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USDCNH Nears Decade High, Huawei Ban Worsens US-China Relations

As if Huawei’s strained relationship with Europe was not bad enough, it has now got worse for the Chinese telecommunications giant as US President Trump has placed the company on the country’s “Entity List” of banned companies.


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GBP/JPY Price Outlook: Further Bearish Momentum Hints at 139.00

Negative break to the downside: Since early Jan GBP/JPY has been trading to the upside from the higher-high created on Jan 25 at 144.84


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GBPUSD Breaks Support, AUDUSD Drops, RBA Rate Cut Coming - US Market Open

GBPUSD is once again on the backfoot with the pairing posting a fresh 3-month low. Rising Aussie unemployment rate confirms RBA rate cut is coming.


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EURUSD Price: Negative Bias as Italy-German Yield Spread Widens

EURUSD trades just above 1.1200 with little in the market today to drive a move either way. The closely watched 10-year BTP/Bund yield spread remains near a five-month wide, weighing on the pair.


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S&P 500 and Dow Jones Charts: Gunning for Gap-fills

The market turnaround yesterday has the Monday gap in sight as a likely level to achieve in the very near-term.


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Gold Price & Silver Outlook with Chart Levels and Lines to Watch

Precious metals have a somewhat mixed picture to them; gold has a pattern forming after an important trend-line break while silver remains capped by strong t-line resistance.


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Ethereum, Stellar Price: Double-Digit Gains Fuel Crypto-Market Surge

The cryptocurrency market hit a nine-month high market capitalization with Ethereum (ETH) and Stellar (XLM) showing double-digit gains as investors continue to put money back into the market.


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Brexit Latest: Theresa May to Resign or Face No Confidence Vote

The End of May is Near. The Prime Minister is faced with two choices as she meets the 1922 Committee.


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Crude Oil Price Boosted as Middle East Tensions Escalate

Crude oil is pushing back towards levels seen two week ago as political uncertainty in the Middle East continues to dominate short-term price action.


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Australian Elections Preview - How Will Markets React?

As polls show that Labor has a small victory over the Coalition, the composition of the Senate is going to be key for the governing party to pass its policies. Labor’s policies may spook traders if they believe Bill Shorten will implement his campaign promises.


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Can China Outlast the US Through Painful Trade War Escalation?

The Yen is back on offensive as US-China trade war fears return. Might Beijing outlast Washington through painful tit-for-tat tariff escalation?


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Wednesday, 15 May 2019

US-China Trade War Keeps Japanese Yen Bulls In Technical Charge

The Japanese Yen is doing well out of trade war fears, as it usually does. However its gains against major rivals have stalled at key retracements.


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NZD/USD Chart Analysis: NZ Dollar at Decisive Long-Term Juncture

The New Zealand Dollar is at a decisive inflection point for the long-term price trend, with sellers threatening to breach 18-year rising trend support.


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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...