US Dollar bears continue to push, helping to buoy major pairs like EURUSD and AUDUSD. Meanwhile, USDCAD appears headed for another range support test.
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Thursday, 6 June 2019
EURUSD Spikes Higher on ECB TLTRO Details
Euro pares dovish guidance drop as TLTRO details show more favourable than expected lending conditions.
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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY
USDCAD eyes test of key support to extend further losses. CADJPY momentum remains bearish with upticks relatively short-lived.
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FTSE 100 Outlook – Wedge in the Works, May Lead to Decisive Move
The FTSE posted a key-reversal on Monday on a pattern breakdown below the 200-day, this keeps it supported with a wedge pattern coming to shape.
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EURUSD Corrects Lower Ahead of the ECB Policy Meeting
The Euro is seeing increased volatility ahead of today’s ECB meeting as investors await key economic outlook reviews to consolidate a direction.
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USD/CHF Price Outlook – May Rally to the current trading range High
Markets pricing multiple US Fed interest rate cuts has increased demand for safe heavens - how did USD/CHF perform? Here are the levels worth monitoring.
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EURUSD and USDCAD Reversal Days at Key Levels Shift Trading Bias’
The Euro found itself swiftly rejected yesterday on an attempt to break trend resistance, while USDCAD did similarly at trend support.
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Gold Price Eyes Bullish Consolidation, Silver Price Breaking Bear Sequence
Gold remains at lofty levels and needs a period of consolidation if it is to move higher. Silver's recent uptick is being constrained by the 200-day moving average.
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Wednesday, 5 June 2019
ECB Meeting Preview - Negative Rates and TLTROs
The ECB meeting on Thursday is expected to bring increased volatility to EUR pairs as traders look for any guidance on monetary policy and TLTRO III terms.
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EURUSD Rate Vulnerable to Dovish ECB Forward Guidance
The European Central Bank (ECB) interest rate decision may fuel the recent pullback in EURUSD as the Governing Council continues to pursue its monetary easing cycle.
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Crude Oil Prices Eyeing ECB, Xi Comments on US-China Trade War
Crude oil prices are eyeing an ECB rate decision and comments on the US-China trade war from President Xi Jinping after sinking to a five-month low.
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S&P 500 Price at Reversal Point, Stocks in Limbo Before Trade Talks
Equities face limbo after US-Mexico trade talks stalled in early Thursday trade. The S&P 500 sits on resistance, offering the fundamentals an opportunity to rekindle stock volatility.
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Nikkei 225 Fightback Looks Short Of Steam Below Key Trendline
The Nikkei 225 has staged a significant bounce from its recent lows, but the bulls haven’t done enough and unless they can pick up the pace then old support will be back in focus
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EURUSD Chart Analysis: All Eyes on 1.13 as ECB Rate Call Looms
The Euro is eyeing the ECB rate decision with interest as prices challenge pivotal resistance near the 1.13 figure against the US Dollar.
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Dow Overtakes 200 Day Average as Emerging Markets and Yields Extend Slide
The benchmark US indices have short-circuited the reversal patterns that they so publicly triggered this past week. Yet, the lack of commitment to this shift amid growth fears and trade wars should put bulls on guard.
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AUDUSD Bulls Cautious Despite Resilient Domestic Trade Numbers
Australia’s trade surplus missed expectations but remains pretty robust. Trade wars make headlines but they’re not battering Australia very hard yet.
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ASEAN FX Chart Analysis: USD/PHP to Reverse at Support? MYR Tops?
The US Dollar is falling versus its ASEAN counterparts as USD/PHP faces support that in the past, reversed its course on a few occasions. USD/MYR, USD/SGD and USD/IDR downtrend eyed.
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Gold Price Rally Persists as Fed Officials Respond to US Trade Policy
Gold prices may continue to benefit from the current environment as Federal Reserve officials change their tune, while the RSI pushes into overbought territory.
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USDJPY: Net-Short Positions Decreased by 17.8% 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 USDJPY-bearish contrarian trading bias.
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Euro Price Outlook: EUR/USD Breakout Testing Key Pivot Ahead of ECB
Euro rallied more than 1.5% off the yearly low with the price advance now testing key resistance ahead of the ECB. Here are the levels that matter on the EUR/USD charts.
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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 -...