Both the Singapore Dollar and Malaysian Ringgit may be at key turning points against the US Dollar, with USD/SGD and USD/MYR sitting under resistance. IDR and PHP prices are also covered.
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Tuesday, 21 May 2019
AUDUSD Chart Analysis: Eyeing 0.67 as Election Bounce Fizzles
The Australian Dollar is eyeing 0.67 against its US counterpart having failed to make much of a rally after Prime Minister Morrison unexpectedly won the federal election.
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Dow Gaps Higher Amid Trade War and GDP Downgrade, EURGBP Notches 13 Days
The world’s largest economies refuse to veer from their trade war collision but the market was heartened by a 90-day Huawei respite. With another Brexit breakthrough failing, the focus is now on abstract growth threats and anticipation for the EU elections.
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Oil Prices Cling to Bullish Trend as OPEC+ Alliance Remains in Effect
The price of oil may continue to track the upward trending channel from earlier this year as OPEC and its allies pledge to keep crude ‘inventories under control.’
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GBPUSD Drop in Focus, Brexit Optimism Keeps Fading. CAD Up on USMCA
The GBP/USD downtrend may accelerate on bearish-contrarian signals with confidence of a Brexit deal persistently fading. The Canadian Dollar is benefiting from USMCA talk progress.
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S&P 500 Outlook: Retail Sector Slides Amid a Series of Missed Earnings
Another round of US retailers warned of adverse impacts from the US-China trade war as the S&P 500 traded higher amid a license extension for Huawei.
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GBPUSD Currency Volatility: Brexit Latest Rattles Sterling
The latest developments surrounding Brexit sent spot GBPUSD swinging during Tuesday's trading session. Will British Pound volatility continue to increase?
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Gold Price Edges Lower in Range as Gold Volatility Sinks
Gold prices are edging lower as 1-month implied volatility heads back towards its all-time low.
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TSLA, Uber Stock Troubles Could Signal Shifting Tech Sentiment
As the conditions which resulted in huge valuations for some tech companies begin to fade, Tesla’s recent stock trouble could be the first sign investors have caught on to the shift.
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FX Price Action Setups in EUR/USD, GBP/USD, USD/CAD and AUD/USD
The US Dollar continues to tip-toe towards the two-year high but bulls haven't yet been able stage a break. This webinar looks at setups around the USD.
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USDCAD: USD Eyes Powell & Fed, CAD Climbs on USMCA & Oil
The Canadian Dollar climbs on the back of recent USMCA tailwinds and oil price gains, but the prospect of hawkish FOMC minutes due Wednesday threatens to keep USD bid.
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US Dollar Price Breakout Still Possible; US-China Trade War Latest
The DXY Index touched a fresh monthly high on Tuesday, drawing into focus a potential bullish breakout opportunity around the May FOMC minutes release midweek.
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Aussie Price Outlook: Australian Dollar in Search of Support
Aussie has plummeted more than 5.7% from the yearly high with the breakdown taking price towards the 2016 lows. Here are the levels that matter on the AUD/USD charts.
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British Pound Jumps as UK PM May Seeks Second Referendum on Brexit
GBPUSD prices are rallying sharply amid the last-ditch effort by UK Prime Minister Theresa May to prevent a no deal, “hard Brexit.”
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GOLD: 80% 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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Bitcoin: Retail Trader Data Shows 77.6% 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 Bitcoin-bearish contrarian trading bias.
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USD/CAD Levels to Watch if the Current Sideways Movement Breaks
USD/CAD Stuck in a sideways pattern:For nearly four weeks USD/CAD has been consolidating within a narrow trading range (1.3516 – 1.3377)
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Gold Price Outlook: Gold Breaches Trend-Line, Yearly Low Exposed
Gold price remains on the move as last week's flare of strength has fallen flat. Prices are now below the trend-line that's held the lows since last August.
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Gold Prices Tests 2019 Lows, GBPUSD Recovers on EURGBP Drop - US Market Open
The Pound has made a slight recovery from intra-day lows (1.2686) to reclaim the 1.27 handle as EURGBP pulls back from the 200DMA.
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Dow Jones Outlook: Recovery Continues, Levels to Know
US equities continue to recover after a bearish sell-off showed after the May open. But can buyers continue to drive to further recovery prior losses?
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...