Weekly changes in G10 FX positioning sees CAD net longs highest since February 2018, while speculative GBP shorts are at extreme levels.
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Monday, 29 July 2019
GBP Slumps as CBI Warns Neither UK nor EU are Ready for No-Deal
Industry experts have warned that a no-deal Brexit would be damaging for both UK and EU industries and neither are prepared to counteract the disruption. GBPUSD eyeing 28-month lows.
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GBPUSD Crumbles as The US Dollar Continues its Pre-FOMC Run
GBPUSD now back at lows last seen over 27 months ago driven by a combination of Brexit fears and a rampant US dollar.
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Sunday, 28 July 2019
Gold Price Chart Warns of Trend Reversal Before Fed Rate Decision
Gold prices are struggling to build directional conviction ahead of the Fed rate decision, but technical positioning warns that a top is taking share.
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AUDUSD Carves Lower Highs and Lows After Being Capped by 200-Day SMA
AUDUSD carves a series of lower highs and lows ahead of the Federal Reserve meeting, with the broader outlook mired by the failed attempt to test the 200-Day SMA.
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US Dollar May Rise Versus ASEAN FX. Fed, US-China Trade Talks Next
The USD looks to the first Fed rate cut since 2008 and US-China trade talks for its next steps versus its ASEAN FX peers. USD/IDR may look past CPI data for more prominent data.
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Post-ECB EURUSD Rate Outlook Hinges on FOMC Forward Guidance
The Federal Reserve interest rate decision may fuel a more meaningful rebound in EURUSD as the central bank is widely expected to alter the path for monetary policy.
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NZDUSD Technical Analysis: Six-Week Uptrend Under Fire
The New Zealand Dollar has retreated from 13-month trend resistance to challenge the bounds of a six-week upswing against its US counterpart.
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USD Uptrend Extends on GDP as GBP Suffers on Latest Brexit Woes
The US Dollar uptrend may extend after resistance was taken out on US GDP, Alphabet and Twitter earnings propelled the S&P 500 higher. GBP/USD is vulnerable to the latest Brexit woes.
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Weekly Technical Forecast: A Concert Dollar, Dow and Gold Bull Trends Unlikely to Continue
The Dow has led US indices to record highs while other risk-leaning assets continue to lag. Dollar hasn’t broken its two year high, but it is within easy reach while Gold seems to be taking a pause off its own multi-year high awaiting the next wave. All three of these assets are unlikely to hold their correlated path…especially with the Fed rate decision expected to deliver the first rate cut in years.
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Weekly Trading Forecast: Dollar and Dow Dialed in to Fed, NFPs and Trade Wars
After a week of dovish ECB, a US GDP beat and unexpected headlines from President Trump; we now move into a second week of heavy scheduled and unscheduled event risk. The FOMC rate decision is an event that will stretch to all corners of the financial system and the focus on the US President�s trade and monetary pressure will only increase.
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US Dollar Technical Forecast: Fresh Highs Ahead FOMC, What’s Next?
The US Dollar rallied throughout the week ahead of the highly-expected rate cut. But – what might the Fed say about the rest of 2019 and how will the USD respond?
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Dow Jones, Nasdaq 100, S&P 500, DAX 30, FTSE 100 Forecast
Earnings season continues next week, but a series of central bank decisions will look to wrestle the market’s focus back to monetary policy.
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Saturday, 27 July 2019
Euro Weekly Forecast: ECB Stimulus Primed and Ready as Outlook Sours
The outlook for the Euro-Zone economy remains gloomy and with fresh central bank stimulus on the way, the path of least resistance for the Euro remains lower.
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Crude Oil Price Chart Outlook Anchored to Technical Confluence
Crude oil price selling pressure has waned over the last week with the commodity aiming to consolidate at technical support before attempting to rebound higher and retest chart resistance.
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British Pound Hits Two-Year Low as Speculative Position Also Hits Extreme
After two weeks of consolidation at multi-year lows, GBPUSD would ultimately earn a bearish break on its short-term wedge. It seems another easy shove to a well-worn trend, but beware the reversal risks.
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Gold Prices May Suffer if FOMC Undermines Dovish Expectations
Gold prices may look increasingly overpriced if the FOMC rate decision and commentary fall short of the market’s comparatively more dovish expectations, opening the door to weakness.
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AUDUSD Weekly Outlook: Aussie Bulls Look for Signs- Price Dips to .69
Aussie is poised to mark the largest weekly decline since April after reversing sharply off key resistance. Here are the levels that matter on the AUD/USD weekly chart.
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US Dollar Seems to be Biased Upward on FOMC Rate Decision
The US Dollar seems more likely to rise than fall after the FOMC monetary policy announcement even as an interest rate cut is overwhelmingly expected.
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S&P 500, Dow Jones Technical Forecast
S&P 500 holds key support, however, bearish divergence leaves index vulnerable. Dow Jones showing signs of exhaustion
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