Yesterday Silver printed its highest level in over 13 months. Here are the key chart points traders may need to consider.
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Thursday, 25 July 2019
75 Years Later, The Lessons of Bretton Woods Have Been Forgotten
The 75th anniversary of the Bretton Woods conference was this week, and the concerns that were present in 1944 are reasserting themselves as significant threats to the global economy in 2019.
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EUR/USD Reverses on Draghi, Turkish Lira Rises Despite Record Rate Cut - US Market Open
EUR/USD reverses earlier losses on Draghi press conference, while Turkish Lira firms despite record rate cut from Turkish Central Bank.
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Gold Prices Break, Pull Back on ECB; Will Bulls Drive Ahead of FOMC?
Gold prices put in a quick breakout around this morning's ECB rate decision, but quickly returned back to trend-line support. Can bulls continue to push ahead of FOMC?
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EURUSD Drops as ECB Paves Way for Rate Cut and QE Restart
EURUSD dips as ECB changes forward guidance to allow for a rate cut in September.
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DAX 30 & CAC 40 Technical Outlook Cautiously Constructive
The German and French stock markets continue to act well, with higher prices from recently constructive pullback/consolidation patterns.
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GBP/JPY Price Outlook: British Pound May Keep Losing Mojo - Thanks to BOJO
Yesterday, Boris Johnson was appointed officially the UK PM. Meanwhile, the British Pound continues consolidating blow 135.55 against the Japanese Yen. Here is how GBP/JPY may perform in the few coming days.
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UK PM Boris Johnson Doubles Down on Brexit - Sterling (GBP) Nears Breakout
New UK PM Boris Johnson has filled his new cabinet with like-minded Brexiteers and has already reiterated that the UK will leave the EU on October 31, deal or no-deal.
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EUR Softer Ahead of ECB, IFO Figures Continue to Show Weakness
EURUSD heads towards two-year lows as weakening data from Germany continues to fuel concerns about the growth of the Eurozone. ECB likely to restart QE cementing the case for a rate cut in September.
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EUR/USD Expected to be Most Volatile Currency on ECB Decision, Beware of Surprise
Currency volatility EURUSD soars to a fresh 2019 high as ECB monetary policy meeting is captured, alongside US GDP. Lack of improvement in growth and inflation calls for further ECB stimulus.
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Wednesday, 24 July 2019
EURCHF Rate Trades to Fresh 2019 Low Ahead of ECB Meeting
EURCHF trades to a fresh yearly-low ahead of the ECB meeting, with recent price action warning of a further decline as the bearish momentum appears to be gathering pace.
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EURUSD May Break Through Critical Support After ECB Rate Decision
EURUSD may finally capitulate and break below critical resistance-turned-support channel, exposing the pair to a rapid selloff if ECB commentary spooks Euro traders.
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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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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....