Bitcoin’s sharp sell-off at the start of the week saw the coin near $9,000 for the first time in a month. However, if current support levels continue to hold, a rebound may be on the cards.
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Thursday, 18 July 2019
DAX 30 & CAC 40 Charts: Pulling Back or Rolling Over?
The German and French markets have weakened so far this month, with some support not far below to put to test whether this is a healthy correction or the beginning of something more pervasive.
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GBP Regains Strength, Retail Sales Manage to Recover
Retail sales have managed to grow in the month of June amid fears of a slowing industry. The positive reading adds to relief from investors about the likelihood of a softer Brexit.
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Pound Sterling Outlook: GBP/JPY Price Printing New Multi-Month Low
At the Start of this week bearish momentum continued after nearly one month of sideways move. Here are the key levels GBP/JPY sellers may need to consider to lead the price to test its yearly support
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Gold Prices Remain Bullish, Silver Prices Continues to Outperform Gold
Gold prices rose as risk appetite deteriorated, however, resistance prevented breakout. Silver prices on course for best week in 3 years as ETF buying sparks outperformance over gold.
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Gold Prices Stuck in Range Amid Market Slump as USD Holds Up
Gold prices area struggling to break from a choppy range despite market turmoil as the US Dollar remains broadly resilient, capping scope for anti-fiat asset gains.
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Wednesday, 17 July 2019
GBPUSD Downtrend May Be Amplified by BoE Credit Assessment, Brexit
GBPUSD may find its level of suffering extended into a critical support channel if the BoE credit risk assessment amplifies the level of uncertainty against the backdrop of Brexit.
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Nikkei 225 Fall Breaks Range, Puts Focus On Retracement Support
The Nikkei 225 has slipped with other regional markets as trade worries weigh again. Technically things don’t look too bad for the bulls yet, but important support is coming up.
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S&P 500 Retreat May Accelerate on NFLX, IMF Gives Trump Dollar Ammo
US earnings may once again take the tiller for global sentiment, but this time around it is hitting both systemic fears and general risk appetite. Meanwhile, trade war warnings are accompanied by views of an overbought Dollar?
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AUD Gains Despite Headline Jobs Miss, Full-Time Employment Up Sharply
Headline Australian job creation missed forecasts in June but the Australian Dollar gained nonetheless as the detail of the monthly report looked much better.
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Oil Price Weakness to Persist Amid Signs of Slowing Consumption
Oil prices stand at risk of exhibiting a more bearish behavior over the days ahead as fresh updates coming out of the US indicate slowing consumption.
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Canadian Dollar Price Chart: Loonie Drives USD/CAD to Weekly Support
Loonie is up more than 4% against the US Dollar from since May with price now testing a critical pivot zone. Here are the levels that matter on the USD/CAD weekly chart.
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Gold Price Breaks Out - Can Gold Bulls Push to Fresh Six-Year-Highs?
Gold prices have broken out and a Fed rate cut looks very likely in two weeks; but can Gold bulls continue to push without the bank signaling more rate cuts?
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Trading the Inverted Hammer Candle
The Inverted Hammer Candle is a useful way for traders to spot reversals in the market. Learn more in this comprehensive guide
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Crude Oil Price Triangle Breakdown Could Give Pause to USD/CAD
The Canadian Dollar has been able to take advantage of the weak US Dollar, strong crude oil price environment over the past six weeks. Will it continue?
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Turkish Lira Price Forecast: USD/TRY Eying a Test of the Weekly Low
Last week USD/TRY corrected higher then started a sideways move. Here are the key chart points traders may need to consider to move in a clear direction
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Aussie Weekly Price Chart: Australian Dollar Testing Key Resistance
Aussie is testing a critical confluence resistance pivot against the Dollar for the fourth consecutive week. Here are the levels that matter on the AUD/USD weekly chart.
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Crude Oil Prices Rebound as Iran Rejects US Claims - US Market Open
Crude oil prices bounce back from yesterday’s aggressive sell-off. GBP briefly dips below 1.24, while revisions higher in Eurozone inflation is unlikely to alter ECB policy outlook.
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US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD
The US Dollar has clawed back losses from last week's Powell-fueled sell-off. Expectations are high for dovish policy, but how many cuts might the Fed have in store?
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No Mercy For GBP- Manufacturing Inflation at 33 Month Lows Adds to Brexit Woes
UK consumer inflation picked up in June, but ongoing trade war concerns are weighing on the manufacturing industry as output price growth is at its lowest in 33 years.
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