Wednesday, 19 June 2019

Italy’s Mini-BOTs: Fiscal Stimulus or Illegal Parallel Currency?

Matteo Salvini’s government continues to drive up risk premiums as key figures hint at the possibility of issuing small government securities to overcome their ongoing budget crisis. Some politicians have even consider returning to a national currency and monetary independence.


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Crude Oil Price Building a Base, US Intentions Remain the Key Driver

Crude oil is continuing to build a base, after the recent sell-off over the last few weeks, and the next move will be predicated by words and actions between the US and China and Iran.


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Dow Jones Rips Towards Record Highs; DAX, Oil Charts & More

Stocks are moving higher with force towards new highs while oil tries to rally with them; both stocks and oil could find problems in maintaining their footing.


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FTSE 100 Outlook – Rally Has Price Extending into Resistance Levels

The FTSE popped yesterday with other global markets, has a couple of degrees of trend resistance to pay attention to starting now.


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Samantha LaDuc on Intermarket Analysis | Podcast

Macro-to-Micro analyst Samantha LaDuc discusses how intermarket analysis can create opportunities.


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Sterling (GBP) Price: UK Inflation Back at 2%, UK Leadership Vote Round 3

GBPUSD nudged a fraction higher after the latest inflation data came in-line with expectations ahead of Thursday’s BOE meeting. Sterling traders will now eye round 3 of the UK Leadership contest.


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Gold Price Outlook Bullish Longer Term, Focus on Fed Meeting

Gold prices in pole position to gain from global central bank easing. Longer run risks remain tilted to the upside. Eyes on FOMC meeting for short-term outlook.


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GBP Sterling Price Outlook: GBP/JPY Eyes to Continue a Multi-Month as Sell-Off

Yesterday GBP/JPY tested its lowest level since the start of the year. Here are the important news with the key technical levels to consider.


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Tuesday, 18 June 2019

EURUSD Rate Breakout Undermined by Dovish ECB Forward Guidance

EURUSD struggles to hold its ground ahead of the Fed rate decision as ECB President Mario Draghi endorses a dovish forward-guidance for monetary policy.


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EURUSD May Look Past Draghi Comments with FOMC in the Spotlight

While yesterday the Euro took a hit after ECB President Mario Draghi alluded to possible future cuts and reintroduction of QE, markets may look past them as their attention turns to the FOMC.


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Stocks Up On US-China Trade Hopes in APAC Trade, Fed Decision Due

The US-China trade war was back in focus Wednesday with hopes of a thaw between Donald Trump and Xi Jinping underpinning broad optimism.


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Crude Oil Prices May Fall with Stocks on Fed Rate Outlook Update

Crude oil prices may fall alongside stocks the Federal Reserve disappoints hopes for sharp dovish shift in the official outlook for interest rates, cooling risk appetite.


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USDMYR Uptrend Support Eyed as USDPHP May Fall to Key Price Level

The USDMYR uptrend was kept intact by a rising trend line, will it hold again? USDPHP pressured lower by falling resistance and may be looking at another retest of critical support.


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ASX 200 Aims At Record High As Technicals, Fundamentals Align

The ASX 200 has weathered risk aversion storms with surprising comfort and looks very well placed now that they seem to be subsiding.


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BRL Eyeing Selic Rate, Banco do Brazil and FOMC Commentary

The Brazilian Real may fall if commentary from central bank officials is underscored by dovish undertones – FOMC commentary also poses major risk to BRL volatility.


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Gold Price Forecast: RSI Triggers Overbought Signal Ahead of FOMC

Recent price action in gold keeps the topside targets on the radar ahead of the FOMC interest rate decision as the RSI pushes into overbought territory.


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US Trade Rep Lighthizer Testifies Before Senate Committee on USMCA

USTR Lighthizer testified before the Senate Finance Committee Tuesday morning as Congress continues to maul over the fine print of the USMCA as proponents attempt to inch the deal closer to passing Congress.


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Kiwi Price Outlook: New Zealand Dollar Counter-Offensive, First Test

A defense of the yearly lows in Kiwi has the recovery testing initial resistance targets ahead of the Fed. Here are the levels that matter on the NZD/USD price charts.


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EURJPY, EURUSD Rates Hit by Selling Pressure after Draghi Comments

With ECB President Mario Draghi talking up the possibility of more stimulus, the Euro is under renewed pressure across the board.


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Gold Price Gears Up for Another Shot at Big-Picture Breakout

Gold prices have remained on the move so far in June, but a big area of long-term resistance has come back into play. Can buyers finally elicit a push beyond this zone?


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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...