Next week the Dollar may be put to the test as it sits close to major support, crude oil acting poorly, and gold knocking on the door of a major breakout.
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Friday, 14 June 2019
Dow Jones and S&P 500, Consolidate or Roll Over?
After propelling higher off the monthly low the market is acting well so far, with limited selling resulting in a shallow retracement.
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Bitcoin (BTC) Price Probing a Fresh 13-Month High
Recent bullish price-action suggests that Bitcoin is looking to make a new 13-month high above $9,080.
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GBP/JPY Price: Bears Need a Break Below the Weekly Support
GBP/JPY correction stalls after UK PM hopeful Boris Johnson roared ahead in the polls, dampening Sterling.
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Euro (EUR) Battles Record Low Euro-Zone Inflation Expectations
The single currency remains under downside pressure as 5-yr/5-yr Euro-Zone inflation expectations hit another record low, leaving the ECB in a precarious situation.
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Crude Oil Prices May Fall as Soft US Data Compounds Risk Aversion
Crude oil prices rose amid worries about an escalating conflict between the US and Iran, but soggy economic data might weigh as global slowdown fears cool demand bets.
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Gold Price Analysis: Fresh 2019 Highs Sees 5yr Trendline on Verge of Breaking
Gold prices jumped following a break above the YTD high, focus now on a break of trendline resistance that has been in place 2014. Fed decision next week will be pivotal.
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Thursday, 13 June 2019
EURUSD May Fall on US Retail, Sentiment Data. GBP Eyeing Carney
Growing demand for liquidity amid risk aversion may pull EURUSD lower even if US data underperforms and tilts the Fed to a more dovish disposition. GBP eyeing BoE’s Mark Carney.
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Asian Stocks Mixed As US, Iran Trade Accusations Over Tanker Attacks
Regional equity had a narrow and mixed session Friday with Middle Eastern tensions back to the fore. Pro-risk currencies struggled much more obviously.
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AUDUSD Chart Analysis: Aussie Dollar Resumes Downtrend, Eyes 0.67
The Australian Dollar looks to have resumed the downtrend against its US counterpart, with chart positioning warning of a decline to test the 0.67 figure ahead.
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NZDUSD, AUDUSD Tumble to Support. RBNZ, RBA Rate Cut Bets Deepen
The NZDUSD and AUDUSD are tumbling to support as increasingly dovish RBNZ and RBA monetary policy bets are undermining their appeal, boosting the Japanese Yen as carry trades unwind.
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Will EURUSD Draw Some of the Trade War Winds from the Dow?
Trade wars are once again at the top of the headlines – and not as a backdrop for bulls to take advantage. Will Trump ease off the pressure at US companies’ please or will he look to expand the engagement even further?
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USDCAD Rate Rebound Fizzles Ahead of US Retail Sales Report
The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.
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Oil Weekly Price Outlook: Crude Crashes into Fibonacci Support
Crude prices have plummeted more than 25% from the yearly high oil crashing into confluence support here. These are the levels that matter on the WTI weekly chart.
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Palladium Price: Bullish Momentum Pressing Towards April’s High
Palladium price may be on course to recover the losses incurred in the last seven weeks. Here are the key chart levels to watch.
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Tesla Bull Ross Gerber Talks Stock Picking
Wealth management specialist Ross Gerber discusses Tesla, Bitcoin and the key ingredients for a successful stock pick.
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Fed Leads with RBA, RBNZ for Interest Rate Cuts Priced-In for 2019 - Central Bank Weekly
As the US-China trade war presses forward without any tangible signs of resolution, central banks are signaling that they will take more concrete steps over the coming months.
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Trading with the Spinning Top Candlestick
The spinning candle pattern is an indecision formation – a set up that can help traders to find advantageous risk-reward ratios.
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Boris Johnson Wins First Round of UK Leadership Contest by a Landslide, What Next?
The first vote of the leadership contest shows a commanding lead for Boris Johnson. Next round of voting will take place on June 18th.
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CAD Outperforms as Crude Oil Soars, AUD Down Under on RBA Rate Cut Risk - US Market Open
Brent and WTI crude futures surge higher, Canadian Dollar the notable beneficiary, while soft Aussie jobs fuel bets on another RBA rate cut.
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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 -...