Wednesday, 24 July 2019

USD/PHP Downtrend Faces 2013 Support as Peso Gains on BSP Comments

The US Dollar weakened against the Philippine Peso, with USD/PHP falling towards 2013 rising support as Philippine Central Bank board member Bruce Tolentino cooled BSP rate cut bets.


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Crude Oil Prices May Fall as Gloomy ECB, US Data Spook Markets

Crude oil prices may fall if downbeat commentary from the ECB and soft US durable goods orders data stokes global slowdown fears and spooks financial markets.


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EURUSD and EURCHF In the ECB Rate Decision Crosshairs

The ECB rate decision is leveraged with serious fundamental speculation with EURUSD stationed on the ledge of a three-month range that tips into two-year lows. Yet, if the outcome is bullish, take a glance at EURCHF.


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AUDUSD Technical Analysis: Aussie Flirting with Bearish Reversal

The Australian Dollar is flirting with imminent bearish trend reversal as prices test support guiding the upswing from mid-June after recoiling from resistance.


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Dollar Run Slows Despite Growth Skew, Euro Readies for the ECB

Is the US truly recession proof should the global economy continue to slow? What would a clearly dovish ECB earn from an already deflated Euro?


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Australian Dollar Sliides As RBA’s Lowe Says Prepared To Ease Policy Further

The Australian Dollar spiked down as the RBA Governor opened his Parliamentary remarks by saying record low rates could yet be reduced.


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Strong Nikkei 225 Bounce Likely Puts More Dogged Gains On Cards

The Nikkei 225 has had a good run higher and, while bulls can probably hope for more, sharp rises from here could start to look like over-stretch.


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Iran and Brazil Open a New Front in the Global Trade War

Tehran threatened to cut key Brazil imports after a stranded Iranian oil tanker was barred from refueling off the Brazilian coast amid concern of incurring US sanctions.


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Gold Prices to Benefit from Threat of Trade, Currency War

Gold prices may continue to benefit from the current environment amid little signs of an imminent US-China trade deal.


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EUR/USD: Traders Remain Net-Long Since 01 July

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias.


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Euro Expected to be Most Volatile So Far This Year on ECB Risk

Short term volatility in EURUSD soars to 2019 high as ECB monetary policy meeting is captured. Lack of improvement in growth and inflation calls for further ECB stimulus.


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Gold Price Target Hit: XAU/USD Rally Vulnerable Near-term

Gold prices pulled back from our first major resistance target with the broader rally at risk near-term. Here are the levels that matter on the XAU/USD charts this week.


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Turkish Lira Price Outlook: USD/TRY Struggles to Push Higher

At the start of the week USD rallied against Turkish lira and pushed to a higher trading zone. Here are the levels USD/TRY likely to test in the few coming days


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Top 5 Events - FX Week Ahead: July ECB Meeting & EUR/JPY Rate Forecast

The July European Central Bank rate decision and policy meeting will arrive on Thursday, July 25 at 11:45 GMT.


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Crude Oil Prices Back in Contango, GBP Jumps as EUR/GBP Suffers - US Market Open

A new ECB stimulus package is on the way and today’s weak PMI figures simply supports the case for it. EUR/GBP continues drop, crude oil outlook softens as spread moves in contango.


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Crude Oil Prices Bounce to Resistance - Can Bears Re-Take Control?

Crude oil prices have moved back up to a key zone of technical resistance. Can bears stage a move here, or will buyers continue to claw back prior losses.


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Dow Jones, DAX, Gold Price Technical Analysis & More

Global indices are looking healthy and headed higher, but not without their downside risks; gold is trying to turn higher from support.


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Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY Levels to Watch

USDCAD, CADJPY key levels to watch. USDCAD eyes key trendline, while CADJPY lacks near-term direction.


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USD/CHF, EUR/CHF Price Forecast: Levels and Thresholds to Monitor

Last week EUR/CHF and USD/CHF closed in the red, however this week the trend looks different. Here is how both pairs may perform, and the levels they could test.


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GBP Price Outlook: Further Falls Possible as Boris Faces Brexit Stalemate

New UK Prime Minister Boris Johnson is facing a near-impossible task: delivering a Brexit deal. That could mean still more losses for GBPUSD, although the potential downside may now be limited.


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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...