Friday, 2 August 2019

USD/JPY Price: How US Dollar May Keep Falling against Japanese Yen

Today, US Dollar has traded its lowest levels in eight months against Japanese Yen. Here are the key levels where USD/JPY traders may need to be careful.


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US Dollar Edges Higher as July US NFP Comes in at Consensus

The July US Nonfarm Payroll report came in at 164K while the unemployment rate edged higher to 3.7%.


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USD, EURUSD, GBPUSD & More – Charts for Next Week

Looking ahead to next week, the Dollar looks like it might be set up to trade lower against several major currencies.


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Dow Jones Hammered From Resistance, Watch Trend Support

The Dow is rolling over from a long-term slope, trend support is lower; big-picture chart pattern on radar...


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US NFP Preview: Overshadowed by Trump’s Tariff Hike

The monthly US Labour figures will be closely watched, as ever, but today’s release comes against a gloomy backdrop of heightened US-China trade tensions.


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Canadian Dollar Outlook: USD/CAD a Break above 1.3200 price – What is Next?

Yesterday, USDCAD tested its highest levels in six weeks. The buyers push the price even higher, however they may need to pay extra attention to these levels


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Markets Brace For Trump Announcement, GBPUSD Sees Small Rebound

Focus today will be on NFP and US employment data but markets will also keep a close eye on an announcement to be made by Donald Trump on trade relationships with the EU


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EUR/CHF Outlook: Beware of SNB Currency Intervention

Concerns are mounting for the SNB who are witnessing a further appreciation in the Swiss Franc, which trades at a fresh 2yr high against the Euro.


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EURUSD Technical Analysis: Breakdown Eyes Support Below 1.10

The Euro appears to have decisively resolved a conflicted chart setup in sellers’ favor, with prices now poised to challenge support below 1.10 against the US Dollar.


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Crude Oil Price Slumps After US Increase Chinese Trade Tariffs

The US-China trade war took another negative turn Thursday after US President Donald Trump announced that he would be slapping a 10% tariff on an additional $300 billion of Chinese imports at the start of next month.


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Thursday, 1 August 2019

US Dollar May Rise on Trump EU Trade Announcement

US Dollar traders will be closely watching US President Donald Trump’s announcement on EU trade and the publication of non-farm payroll data.


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S&P 500 and Dollar Hit as Trump Escalates Trade Wars Day After Fed Volatility

The market’s attention shifted violently from monetary policy shortcomings and a mild sense of concern over economic health to sheer trade war pain this past session. Traders would do well to beware.


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Emerging Markets, Indonesia, Philippines at Risk to US-China Tariffs

Emerging markets are at risk after US President Donald Trump threatened to raise tariffs on $300b in Chinese goods as stock indexes in Indonesia, the Philippines and Malaysia fall.


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Gold Prices Ignore US Dollar Rise, Soar on Trade War Escalation

Gold prices surged as US President Donald Trump signaled escalation of the US-China trade war, shrugging off safety-seeking support for the US Dollar.


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Brexit Uncertainty Sends EURGBP to 22-Month High: Will it Hold?

Brexit uncertainty has caused EURGBP to spike to an almost 2-year high after the pair briefly retreated to familiar support levels. Will the pair be able to stay above critical support?


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AUD Slumps Ahead of Retail Sales Report as US-China Trade Truce Flops

AUDUSD takes out the June-low (0.6832) ahead of Australia’s Retail Sales report as the trade truce between the US and China appears to be coming to an end.


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Gold Prices Bounce from 1400 - Might a Larger Pullback be Afoot?

Gold prices pushed down to 1400 around FOMC yesterday. But bulls soon returned to perk prices right back up. But, is this a corrective move ahead of lower-lows?


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US Dollar Drops as ISM Manufacturing Slides Toward Contraction

The Institute for Supply Management’s Manufacturing Index declined further in July with the headline figure reading 51.2, down from 51.7 in the previous month - pressuring the US Dollar.


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DAX 30 and FTSE 100 Price Forecast: May Keep Falling Below These levels

Yesterday, Dax 30 and FTSE 100 rebounded from important technical levels. Here are the key chart points traders on both indices may encounter in the few coming days.


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Why Trade Foreign Exchange? | Rupert Osborne | Podcast

IG US CEO Rupert Osborne talks forex vs stocks, and hints at the future of the pound.


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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...