Thursday, 27 June 2019

Australian Dollar Price Chart: Aussie Rally at Risk into June Close

Aussie rallied seven of the past eight days with price now probing a key resistance zone into the June close. Here are the levels that matter on the AUD/USD price chart.


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Euro Weekly Price Outlook: EUR/USD Breakout Eyes Yearly Open into Q3

Euro has rallied more than 2.7% off the yearly lows with the advance now testing initial resistance targets. Here are the levels that matter on the EUR/USD weekly chart.


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Palladium Price: Upwards Trend May be Looking to Correct Lower

Palladium price pulled back from three months high. Here are the key technical levels to consider


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EURUSD Price Outlook: Trend Higher Likely to Persist



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EURCHF and USDCHF Bounce as Switzerland Looks Set to Block Trading of Swiss Shares on EU Exchanges

CHF pairs edged higher on Thursday afternoon as a report from major news-wire seemed to suggest that the Swiss Foreign minister had confirmed the ban on Swiss Shares from European Exchanges


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US Dollar Muted, OPEC Set to Extend Oil Cuts, Gold Prices Tests $1400 - US Market Open

Relative calm across FX markets with major G10 pairs trading in subdued fashion ahead of the G20 summit. While a trade truce appears likely, a trade deal remains uncertain in the near term.


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Bitcoin: Retail Trader data shows 77.3% 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 Bitcoin-bearish contrarian trading bias.


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Spot Gold: Retail Trader data shows 60.8% 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 Spot Gold-bearish contrarian trading bias.


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EURUSD Remains Strong Despite Mixed Data From Eurozone, Focus on G-20 Meeting

EURUSD remains near 3-month highs as investors brush off lacklustre Eurozone inflation and economic outlook data ahead of G-20 meeting between Donald Trump and Xi Jinping.


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Crude Oil Rally Runs into Resistance - Can Bulls Continue to Push?

Crude oil prices have continued their ascent after finding support two weeks ago; but the 60-level came in yesterday to help hold resistance.


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How Monetary and Fiscal Policy Can Amplify or Stave Off Crises

During the Great Recession, governments and central banks worldwide moved to reverse the collapse of the global economy. Here’s how fiscal and monetary policy cancounter – or worsen – economic slumps.


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GBP Sterling Price Outlook: GBP/JPY Exhausted Bearish Momentum

After printing its lowest level in over five months GBP/JPY stuck in a sideways move. Here are the key chart points the buyers may consider for a possible start of an upside trend.


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY

USDCAD could extend losses towards 2019 low on a break below 200WMA, while CADJPY faces key resistance zone as bearish pressure abates.


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Dow Jones, S&P 500, and Nasdaq 100 Technical Analysis

Stocks have come off a bit since trading around record levels; keeping rolling lower or turn back higher?


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Wednesday, 26 June 2019

US Dollar, Stocks Eye Fed Financial Stress Test, Iran Tension

The US Dollar and stocks will be closely waiting for the results of the Fed’s annual bank stress test to see if underlying vulnerabilities are posing a systemic risk. US tensions with Iran are expected to escalate.


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Stocks Rise on US-China Trade Truce? INR at Risk, Trump Eyes India

The Nikkei 225 and Shanghai Composite rallied on bets of a US-China trade truce, but Trump is turning his attention to India which risks sinking the Rupee. US Dollar may rise ahead.


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Philippine Peso, Singapore Dollar Nearing Trend-Defining Support

The Philippine Peso and Singapore Dollar are a step closer towards testing major trend-defining support. As USDINR looks to resume its downtrend, USDMYR is stuck within its own.


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NZDUSD Rate Breaks Out of Monthly Opening Range Following RBNZ

NZDUSD stands at risk for a larger correction following the Reserve Bank of New Zealand (RBNZ) meeting as the exchange rate breaks out of the monthly opening range.


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USD/JPY Downtrend Dominates But Could Face Near-Term Test

The Japanese Yen remains in the ascendant over the US Dollar but fundamental risk appetite could see that challenged in coming sessions.


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NZD Slips As ANZ Survey Shows Business Confidence Hit Again

The New Zealand Dollar was pressured by news that businesses in its home country are still feeling pretty gloomy about their prospects, a situation that now looks deeply entrenched


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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...