Monday, 29 July 2019

US Dollar Price Outlook: DXY Breakout vs Fed Rate-Cut – Trade Levels

The US Dollar is approaching resistance at the yearly highs with major event risk on tap. Here are the levels that matter on the DXY weekly chart into the close of July.


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Weekly Trade Levels: US Dollar, EUR/USD, USD/CAD, Gold & Silver

Webinar highlighting active trade setups we’re tracking into the close of the month. Here are the targets & invalidation levels that matter on the technical charts.


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Forex Economic Calendar Week Ahead: Fed Meeting, BOE Meeting, US NFP & More

As the calendar turns from July to August, FX markets are bracing for a wave of volatility mid-week.


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Exponential Moving Average (EMA) Defined and Explained

Learn more about the exponential moving average-a derivative of the standard moving average and a great technical indicator


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Gold Price Technical Outlook: XAUUSD Grasps at Support Ahead of FOMC

Gold prices grasp at support ahead of the Fed's widely-expected rate cut. More important for Gold is likely what the Fed says about the rest of 2019.


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Copper Price Forecast: Sellers Eye a Test of Multi-Week Low

Last week Copper closed in the red and lost near 2% of its value. Here are the levels sellers may need to consider to kick start a downtrend


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200 Day Moving Average: What it is and How it Works

The 200 day moving average is widely used by traders to identify long term trends. Learn how to apply it when trading


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GBP Technical Outlook: EUR/GBP to Resistance, GBP/USD Plummets

It's a big week for the British Pound and GBP/USD is wasting no time, dropping to fresh two-year-lows ahead of the FOMC and BoE Super Thursday.


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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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US Dollar Eyes 2019 High, GBPUSD Plummets Through 1.2300 - US Market Open

GBPUSD breaks below 1.2300 to hit a fresh 28-month low as no-deal Brexit risks continue to build. US Dollar eyes 2019 peak ahead of Fed decision.


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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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Crude Oil Technical Outlook Points to Lower Prices Ahead

Oil isn’t garnering much buying interest after coming off the monthly high, suggests more weakness could soon be in store.


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EUR/JPY, USD/JPY Price Outlook: Important Levels and Zones

Last Week USD/JPY closed in the green indicating to a possible bullish move, on the other hand EUR/JPY traders remained indecisive. Here are the levels and zones that could be crucial for those pairs.


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CAD Bulls Boosted, GBPUSD Bears at Extreme Levels - COT Report

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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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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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...