USD Gains While Treasury Yields and Consumer Sentiment Slide

The University of Michigan Consumer Sentiment Index printed a reading of 97.9 this morning, which slightly missed expectations of 98.0 and last month’s reading of 100.0.


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Top 5 Events: May UK Inflation Report & GBPUSD Price Forecast

The May UK inflation report (consumer price index) is due on Wednesday, June 19 at 08:30 GMT.


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Kiwi Weekly Price Outlook: NZD/USD Reversal to Threaten Yearly Lows

Kiwi is down more than 2% this week with the pullback targeting major support just lower. These are the levels that matter on the NZD/USD weekly chart.


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Canadian Dollar Price Outlook: USDCAD Retrace to Key Chart Resistance

USDCAD had a brutal start to the month of June, but over the past week shown continued signs of recovery. But bearish potential may still remain on a bigger-picture basis.


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USDJPY: Net-Short Positions Increased by 20% 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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GBPUSD: 76.7% 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 GBPUSD-bearish contrarian trading bias.


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EURUSD: Net-Short Positions Increased by 3.2% from Last Week

Traders are net-short suggests EURUSD prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week


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US Dollar Rises on Retail Sales, Gold and JPY Gain on Safe-Haven Flows - US Market Open

USD firms after robust retail sales, while softer economic outlook boosts safe-havens, gold and Japanese Yen.


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Dollar, Euro, WTI Crude Oil, and Gold Price Chart Set-ups for Next Week

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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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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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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