Saturday, 18 May 2019

Dollar Approaches Two-Year High as Major Crosses Grope for Traction

The US Dollar ended a remarkably strong week through this past Friday


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US Dollar to Rise as Fed Talks Down Rate Cuts Amid Market Turmoil

The US Dollar may rise as the Federal Reserve talks down prospects for near-term stimulus even as slowing growth and shaky politics rattle global financial markets.


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Friday, 17 May 2019

Crude Oil Price Forecast: Drifting Towards Technical Support

The ongoing battle between supply and demand is keeping crude oil constrained within a trading range and this is likely to remain the case for the days ahead.


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Crude Oil Price Forecast: Drifting Towards Technical Support

The ongoing battle between supply and demand is keeping crude oil constrained within a trading range and this is likely to remain the case for the days ahead.


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Crude Oil Price to Bypass OPEC Meeting for Trade Wars, Fed Minutes

Crude oil price gains on a delay in US auto tariffs may be short-lived. Oil may fall after the OPEC+ meeting on trade war fears, the FOMC minutes and bearish-contrarian price signals


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S&P 500, USDCNH and EURGBP Nexus of Speculative Interest Next Week

Despite signs of improvement in certain areas of global trade conflicts, the unflattering focus on the US-China fight remains the speculative fixation. For those tracking sentiment, USDCNH may prove one of the most important benchmarks moving forward.


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Australian Dollar Targets 2009 Lows, AUD/CAD and EUR/AUD Follow?

Will the Australian Dollar sustain its aggressive selloff across the board? AUD/USD is facing 2009 lows. AUD/CAD looks to lows from 2013 and 2015 as the EUR/AUD uptrend faces resistance.


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Reeling Australian Dollar Still Buffetted By US-China Trade War Storm

The Australian Dollar fell further last week as the foreign and domestic negatives for it piled up. A general risk appetite bounce could help but is hard to foresee.


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Currency Volatility: EUR/USD and AUD/JPY in Focus

Upcoming event risk and lingering market threats place EUR/USD and AUD/JPY in the spotlight next week for potentially sizable swings in spot prices.


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Gold: 76.8% of Traders Are Net-Long

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


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Gold Price Plummets, Seeks Technical Support Near May Lows

A two-week gold price rally was undone in just two sessions as the precious metal sank from $1,300 to $1,275 after a failed run at key resistance - now it grasps for support.


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USDCAD Rips and Dips on Tariffs, USMCA Deal, BOC Report

USDCAD soared then swooned in a volatile trading session due to downbeat rhetoric found in the Bank of Canadas latest Financial Stability Report but now being offset by positive USMCA deal news.


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Dollar Jumps as Consumer Sentiment Hits 15-Year High

The University of Michigan Consumer Sentiment Index printed a reading of 102.4 this morning, a 15-year high, which also crushed estimates of 97.2.


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Australian Dollar Technical Analysis Overview: AUDUSD, AUDJPY, GBPAUD

AUDUSD downside momentum intensifying. AUDJPY outlook remains bearish. GBPAUD maintains uptrend, however, breakout looks unlikely in the near-term.


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GBPUSD Extends Drop, Chinese Yuan in Freefall, Beware of Currency Intervention - US Market Open

Unsurprisingly, UK cross party talks collapse, GBP drops as a result. Chinese Yuan falls to November lows. However, beware of FX intervention.


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GBPUSD Price Slumps to a Four-Month Low on Brexit Disarray

Sterling (GBP) is coming under increasing pressure, especially from the USD, after news that UK cross-party talks have ended without any agreement, leaving PM May increasingly isolated.


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Dollar Higher; Pound, Euro, and Gold Price Charts for Next Week

In today's look-ahead to next week we look at the possibility of more Dollar strength and gold's sudden turn towards an important support test.


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FTSE 100 Outlook – Strong Recovery Brings into Play New Set of Scenarios

The FTSE has lifted strongly off support, there are a couple of possibilities to monitor here in the days ahead.


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Gold Price Outlook Eyes US Data and Chinese Yuan Weakness

Gold is trading around an important technical level and its next move may be prompted by ongoing USDCNH weakness and/or this afternoon’s important Uni of Michigan sentiment release in the US.


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Crude Oil Price Outlook: Oil Backwardation at 4yr Highs Ahead of OPEC Meeting

Crude Oil backwardation highest in 4yrs, which in turn has typically provided a bullish structure for the spot price.


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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...