Thursday, 6 June 2019

GBPUSD Eyes BoE Inflation Forecast, Brexit and US Jobs Data

The BoE’s inflation forecast may stoke volatility in GBP as the Brexit narrative opens a new – and more uncertain – chapter. USD and the S&P 500 will be eyeing US jobs data.


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Asian Stocks Gain On US-Mexico Trade Hopes But Payrolls Loom

There’s still no getting away from world trade when it comes to Asian stock action but hopes that Mexico might see US tariffs delayed helped Friday’s risk appetite.


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EURGBP Uptrend Losing Momentum, Increasing Risk of a Euro Reversal

The Euro uptrend against the British Pound is losing momentum despite net-short bullish contrarian price signals. EURGBP could be looking at a test of near-term chart support next.


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Dollar Tests Year-Long Trend and S&P 500 Extends Divergence Ahead of NFPs

The Dow climbed this past session, but there is plenty of reason to question the risk appetite implications associated with the move. Meanwhile, the Greenback is eagerly anticipating May NFPs as rate forecasts collapse.


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NZDUSD Chart Analysis: Downtrend Ready to Resume After Bounce?

The New Zealand Dollar mounted a spirited recovery over the past week but the move may have run out steam, opening the door for resumption of the broader downtrend.


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USDCAD Rate Eyes April-Low Ahead of NFP, Canada Employment Report

USDCAD continues to give back advance from the April-low (1.3274) ahead of the NFP report as Federal Reserve officials change their tune.


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How to Trade the Doji Candlestick Pattern

The doji candlestick suggests indecision in the markets but its variations tell a different story. Learn how to trade using the doji.


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VIX Spike to Spur Currency Volatility as Bond Surge Fails to Spill-Over

Volatility across the rates market has surged as the Federal Reserve opened the door rate cuts, however, this has failed to spill-over into FX, which remains muted.


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Gold Price Outlook: Gold’s Bullish Breakout Nears Moment of Truth

Gold prices have been in the midst of an aggressive week-long rally, shrugging off the prior three months of pullback. But can Gold bulls continue to drive?


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EURUSD Price Breakout, EURJPY Outlook Take Shape After June ECB Meeting

The prospects of further rate cuts or another stimulus program beyond the TLTRO3 are limited. This has created an opportunity for the Euro to trade higher.


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JPY Firm as Trump Signals Further Tariffs, ECB’s Draghi Tempers EUR Gains - US Market Open

EUR gains simmer as Draghi notes that members discussed rate cuts and QE restart, while safe-havens remain supported on potential tariff escalation.


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US Dollar Price Action Setups in EUR/USD, USD/CAD and AUD/USD

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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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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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...