The Japanese Yen has benefitted from the multiple risk events which have this year driven investors back to haven assets. That process has slowed, not stopped
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Wednesday, 12 June 2019
Dow Takes a Further Step Towards Reversal, EURUSD Reverses from 200 DMA
The Dow and S&P 500 – as benchmarks for risk trends – are making slow steps towards general reversals. With sentiment craving charge for further lift and support drying up, is a further retreat in store?
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AUDUSD at Risk, Australia Jobs Data Underpins Another RBA Rate Cut
The AUDUSD downtrend is in focus after Australia’s unemployment rate missed its 5.1% target, fueling expectations that the RBA may deliver another rate cut relatively soon.
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Lackluster Australia Employment Report to Keep AUDUSD Under Pressure
A 16.0K expansion in Australia Employment may offer little relief to the recent decline in AUDUSD as the RBA appears to be on track to implement lower interest rates.
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Gold Price Outlook: Rally From Fib Support, Gold Nears ’Danger Zone’
Bulls have come back into Gold with aggression, pushing prices towards five-year-highs. But, can that enthusiasm last as longer-term resistance comes into play?
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UK Leadership Contest Timeline: Who Will be the Next UK Prime Minister?
The first vote of the leadership contest will take place on June 13th. As it stands, Boris Johnson is expected the favourite to become the next PM.
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Platinum Price: Bullish Momentum Hinged on a Break Above the Monthly High
Since the start of Jun Platinum has corrected higher. Here are the key chart points to watch.
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Euro Price Outlook: EUR/USD Breakout Stalls – Trade Levels to Know
Last week’s breakout in Euro has fueled a nearly 2% rally with the advance stalling into slope resistance. Here are the levels that matter on the EUR/USD price charts.
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US Dollar Steadies as Fed Rate Cut Odds Stabilize - Calendar Driving Prices
The US Dollar (via the DXY Index) has not seen significant follow through after breaking key technical levels last week. That simply may just be a function of the calendar.
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US Dollar Losses Curbed by 200DMA, GBPUSD Eyes No-Deal Brexit Motion - US Market Open
The Pound remains firm with eyes on the cross-party motion that could potentially block a no-deal exit, while USD finds support from the 200DMA.
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Top 8 Forex Trading Strategies and their Pros and Cons
Read on to find forex trading strategies that can work for you from day trading to position trading.
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Crude Oil Price Reverses from Key Resistance: $50 in Store?
Bears have taken control of Crude Oil Prices over the past six weeks, but sellers may have just found a stumbling block at a confluent area of Fibonacci support.
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Technical Outlook for Crude Oil, Dow Jones, DAX & More
Pullbacks in order for major global indices, crude oil heading towards test of recent lows or worse…
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Bitcoin (BTC) Price - Bullish Momentum Slows, Support Strengthens
The latest Bitcoin rally is on hold, but longer-term support continues to build in the largest crypto and suggests higher prices ahead.
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Canadian Dollar Risks Larger Pullback from Crude Oil Price Reversal
The Canadian Dollar is slightly softer this morning following the 2% drop in oil prices, which has seen USDCAD push towards 1.33.
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USD/CHF Price: Bearish Move Stalls - Is it Over?
The bearish momentum stalled after leading USD/CHF to its lowest price in six months. Here are the key levels USD/CHF may hit if the bearish momentum continues.
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GBPUSD Price: Riding the US Dollar Slump, US CPI Ahead
GBPUSD is benefitting from further weakness in the US dollar and is pushing back to levels last seen three-weeks ago.
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Gold Price and Silver Outlook Dented by Wall of Resistance
Gold is struggling under major long-term resistance, silver is along for the ride; it will take a surge of buying to spark a macro-breakout.
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Tuesday, 11 June 2019
Euro Braces for Draghi Speech, USD May Fall on Local CPI Data
The Euro and US Dollar will be closely watching major cross-Atlantic event risk as ECB President Mario Draghi prepares to speak in Germany while the US Dollar braces for local CPI data.
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Crude Oil Prices at Risk on US CPI and EIA Inventory Data
Crude oil prices may fall as US CPI data speaks to slowing economic growth while EIA inventory data points to oversupply even as output is reduced.
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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 -...