Tuesday, 25 June 2019

S&P 500 and Dow Extreme Quiet vs Record Highs, Dollar Continues Dive

An unmistakable shift has occurred in risk-dependent assets and even key benchmarks outside of this standard current. Is a full-blown US equity and Dollar reversal underway or is this just the temporary transition between fundamental themes?


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ASX 200 Retreats From 12-Year Peaks But Key Support Still Holds

The ASX 200 is still within striking distance of its all-time peak but investors will need time to assess if its most recent pullback is mere consolidation or something more serious.


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BRL, Ibovespa Fall on Copom Minutes - Pension Reform Vote Ahead

The Brazilian Real and benchmark Ibovespa equity index ended in the red after the central bank meeting minutes left traders feeling queasy and risk averse. When is the pension reform vote?


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NZDUSD Uptrend Holds as RBNZ Fails to Excite August Rate Cut Bets

The New Zealand Dollar rose as an RBNZ rate hold disappointed tepid cut expectations and failed to significantly fuel further dovish bets, leaving NZDUSD eyeing US-China trade talks.


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RBNZ Preview: NZDUSD Rate to Eye Monthly High on Wait-and-See Policy

The RBNZ interest rate decision may fuel a larger rebound in NZDUSD as the central bank is expected to keep the official cash rate (OCR) at the record-low of 1.50%.


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S&P 500 Slips as Consumer Confidence, New Home Sales Dissapoint

The Conference Board’s Consumer Confidence Index missed expectations in June as consumers become rattled by a reawakening of global trade tensions, coupled with a miss in new home sales.


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US Dollar Forecast Undercut by US-China Trade War, Fed Rate Outlook

The US Dollar has been dragged lower by skyrocketing Fed rate cut odds: markets are now pricing in a 97% chance of two 25-bps rate cut in 2019 and a 75% chance of three rate cuts this year.


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The Head and Shoulders Pattern: A Trader’s Guide

Learn how to use the Head and Shoulders pattern to spot trend reversals on forex and stock charts.


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EU-Swiss Exchange Battle Continues: London Prepares to Delist Swiss Shares

Swiss companies may be delisted from London exchanges as soon as next week if no formal agreement is reached between the EU and Switzerland by June 30


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Japanese Yen at Flash Crash Levels, Gold Most Overbought in 30yrs- US Market Open

A mixed bag for the greenback ahead of Fed Chair Powell’s speech (1800BST). USDJPY breaks below 107.00, while gold posts fresh cycle highs.


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Crude Oil Price Gets Caught at Key Resistance: Oil Levels to Know

Crude Oil Prices turned with a vengeance in late-April but found support in early-June. A rally last week showed around FOMC, has the trend turned again?


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GBP/USD: Net-Long Positions decrease by 20.2% from Last Week

Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.


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US Dollar Sentiment Hit by Rate Cut Talk | Webinar

Market confidence generally has been damaged by the US-Iran dispute, with sentiment in the US Dollar hurt particularly hard by ongoing talk of US rate cuts this year.


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Dollar May Bounce: EURUSD, USDCAD, GBPUSD Charts & More

The Dollar appears in trouble in the big-picture but that doesn’t mean it won’t have bounces; this could set traders up with opportunities to make bearish bets.


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More Fed Members Turn Dovish, Focus on Chairman Powell’s Monetary Policy Discussion

Markets eye Fed comments to come in the following weeks for any insight into future rate cuts as more FOMC members turn dovish, USD to remain sensitive to trade war developments.


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Canadian Dollar Forecast: USD/CAD Price Eying a Test of the Weekly Support

Bearish momentum sent USD/CAD last week to its lowest levels in nearly four months. Here are the key chart points to consider for a downtrend continuation or a possible correction.


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Gold Prices Explode Higher, Silver Prices Stalling at Key Resistance

Gold prices soars to 6yr highs, however, buyers beware as gold is now the most overbought in 30yrs.


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DAX 30 & CAC 40 Technical Outlook: Pullback Constructive So Far

Stocks are retreating from near yearly highs, so far the pullbacks are orderly and look constructive for higher prices; can’t rule out double-top but looks the less-likely scenario.


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EURUSD Chart Analysis: Euro May Turn Lower From 3-Month High

The Euro has advanced to a three-month high against the US Dollar, but technical positioning warns that a downturn may be in the cards ahead.


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Monday, 24 June 2019

Crude Oil Prices Brace for Impact as Fed Chair Powell Speaks

Crude oil prices may turn lower if worried comments from Fed Chair Jerome Powell spook markets even as scope for a more dovish policy outlook is diminished.


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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...